New-York tribune., 1920-06-29
Wheat Export Orders
Help Steady Market

The wheat market showed a steadler
tone during yesterdays session owing
largely to the appearance of export
orders. Leading export buyers were
in the market and seemed willing to
take quite large blocks for August
shipment from the gulf Sellers,
however, withdrew and prices for ex-
port wheat advanced l to cents per
bushel Export sales for the day were
estimated at about 100000 bushels.
The news on the new crop was again
favorable, and some authorities are
inclined to believe that unless unfore-
seen calamitles overtake the Amer
can spring wheat crop and the
Canadian crop, yields will be large and
North America will have a big sur
plus supply of hard wheat. Under
these conditions they are rather dis
posed to take bearish view of the
outlook, assuming that European buy
ers will obtain their supplies through
a plan of cooperation and will not bid
the market up on each other when
making purchases.
Of course. much depends on
weather conditions during the next
month, and the trade realizes that
splendid crop prospects can fade
RAPIDLY under unfavorable weather
Corn-Pronounced strength developed in
the market as a result of active buying
movement in the late months. This was
due largely to strength in oats and fears
of crop damage as Il result of hot weat ather.
AS a matter of fact the trade considered
tho higher temperatures very favorable
for corn where there was plenty of mois
ture in the soil, but the crop this year iS
such uneven one that 1t is recognized
that serious damage might occur in the
event Of the hot weather continuing with
out rain. Cash prices showed but little
ton in the West reduced it's premium over
the later months. Receipts at Chicago for
the day werc estimated at 44o cars while
total receipts at interior points for the
day were l,25l.0o0 bushels compared with
709 900 bushels last year. Tho visible sup
ply increased $1,000 bushels for tho week.
in the locai cash market no. . yellow corn
WAS quoted at $l963 cost and freight
New York, June shipment.
Yesterdays Previous Year
New York: close. close. ago.
Corn. NO. yellow sl.os4 sI9sA $L94A
Chicago.
July .......--.. 177A 1.7sh 1.7s7s
Onts-The market was active and strong
throughout the greater part of the day
on buying of the ate months due to hot
fears OF serious crop damage, Receipts
were only fair and the visible supply
showed IA decrease for the week OF S3',ooo
compared with 1893 600 n year ago. in
the local cash market prices were nomin-
| ally unCnanEeu with NOS. /, ana 4
white quoted at $1,33 to $l34: fancy
clipped white. $l.3S; ordinary clipped
white 1896; all elevator.
Yesterdays Previous Year
N. Y. close. close.
No
Chicago:
sspt.. s",S.. Ao.s' ~ i-H1's 'ssA .esss 81.
Kyc-Mnrkct easy.
Yesterdays Previous Year
n. Y: close close ago.
No. West $2it S244 4,a $l.b2 I.
Flour and MeuI-Quot ations were:
Yesterdays Previous Year
NJ. Y; close. close. ago
MINI. patent
{l3.266pli. rs $t3.25dp14.25 $1i.35Gp11 90
Corn meal
1850 40 4s5dp4o0 ab014.35
| Rye flour
i,7Jfft e.I0 II t,7b0fI21O 90
Bran 600 6i.00 A.. rs q A 90
COttOnsccd Oil
hrmer tone prevailed in the market
during yesterdays operations. owing to leau
a of Iint dat Ian