New-York tribune., 1919-07-17
Cereals

Whent-The reports on the progress OF
the winter wheat crop, rather the
lhrashing returns, proving dsappoint-
ing The yields not as lurge as had
been anticipated and a GOOD many com
paints are coming in regarding the quail
ny. The weekly weather and crop bulle-
tin said that the crop had been damaged,
while the Price Current" reported thrash
ing yields as very disappointing.
Inc movement of new wheat continues to
expand, but owing to the delays of har-
vest, wheat is not coming out as rapidly
as had been anticipated.
The United States Grain Corporation
yesterday sent the following to It's Zone
agents respecting delay in execution of
contracts which the Grain Corporation is
Undertaking with all trades dealing in
wheat and wheat -four:
Proposed trade contracts will not be
accepted by the United States Grain Co,-po-.
on recommendation of Zone vice-presid ents
and upon approval by central office.
Iicense regulations governing danlers
mulgated, viii probably include rule
which viii require restitution to the pro-
made on nm unfair buying margin. Deci-
snns under this rule, II is likely, will he
retroactive. Under the trade contracts
proposed the restitution rule is not ret
roactive, but protection is secured the
purchaser by the contract agreement to
follow the Grain Corporation decisinn at
once on complaint of the producer at the
time wheat is ofprnd for sale
Cnrn-1he corn market is still in u
position by lrHcll. Stocks or such SruRI
proportions that the market becomes easily
cvnrsold and is consequently subject to
quick rallies This took place yesterdny
when the market, after having sold down
/ to = cents q bushel early, advanced to
above the previous close on active buying
by early selers. The weather and crop
news of very favorable nature, hut
there had henn no much spreading between
the old and new crop positions that De
ccmbor corn had become heavily OversOld
and experienced the greatest advance. The
cash position was steady to firm, but the
drawal of a leading Western industry from
the market on account of labor trouble.
Argentine corn was not being pressed for
sale here on account of the scarcity of
ocean tonnage. and prices ruled strong ON
about an even basis with the December
Yesterdays Previous Year
Corn, ssN No ~ 2 ?. yel- ssI7z ssliM @s"
Chicago"
July .....y..........~. 1875 1asaa
September 1.96a4 1.a5aa s1.6oA
December l661S 1.62"I
Oats-sentiment in the oats market wat
more bearish early, on the theory that the
weakness in foreign exchange, together
ruptions III shipping, would very materially
curtail export sales. Commission houses
were active sellers at times, but when the
ment. showing severc crop losses. was
published prices advanced quickly and
closed firm, with net gains of about 2 y c.
Yesterdays Previous Year
New York: close close ago.
Oats No 3 w.-$0.89 $O.87D .S7M SO.89
C.hicago%
July ...~...~~~.- .807s .79ss
September .8ll2 10 .7A
December ...... 1884 .SlM
Rye--Market firmer
Yesterdays Previous Year
New Y Yorl,: close. close ago
Cash. No l S1.74 S1741l 1885
Flour and dMea1-Quotations were:
Yesterdays Previous Year
New York: close close apo
MINI. p .....~~S12.12N S1ele14 s11.55
Cornrncal. y g.. 1917 4.87s 4.S7E
Rye flour, C. S35G19.25 8050025 1913
Bran ...~..-.....- 1890 1890