New-York tribune., 1920-06-29
T'heat Export Orders
Help Steady Market

The wheat market showed steamer
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 2 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 calamities overtake the Amerl-
can spring wheat crop and the
Canadian crop, yields will be large and
North America will have big sur
plus supply of hard wheat. Under
these conditions they are rather dis
posed to take a 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
conditions.
Corn--Pronounced strength developed in
the market as a result of an active buying
movement in the late months. This was
due largely to strength in oats and fears
OF crop damage a result of hot weather.
AS matter of fact, the trade considered
the higher temperatures as very favorable
for corn where there was plenty of mois-
ture in the soil, but the crop this year is
such an uneven one that it is recognized
that serious damage might occur in the
event of the hot weather continuing with
Oh, ,1,r% -,
improvement. however, and the July posi-
tion in the West reduced its premium over
the later months. Receipts at Chicago for
the day were estimated at 44o cars, while
total receipts at interior points for the
day We're 1851 900 bushels. compared with
100000 bushels last year. The visible sup
In the local cash market No. . yellow corn
was quoted at Sl96&. cost and freight
New York, June shipment.
Yesterdays Previous Year
Corn SsT No. yellow slss4 $751; ?SS slsi sfS
Chicago.
Ss'E Ss5tsmbsr 17s$ 17ss 15s's 1.5s9s 17ss 17s I
Oats--The market was active and strong
throughout the greater part of the day
on buying of the late months. due to hot
weather over sunday. which gave rise o
fears of serious crop damage Receipts
We're only fair and the visible supply
showed Il decrease for the week of SAY 600
bushels, bringing the total to 4.678ooo,
compared with 1s,o9A,oo a year ago. In
the local cash market prices were nonin-
ally unchanged with Nos. l. 2. 3 and
white quoted at s1;3S to sla4; fancy
clipped white. $1.3S; ordinary clipped
white, s1.36; all elevator.
Yesterdays Previous Year
NJ Y: close. close. ago.
No. 2
white. s1.ss@1a4 s1.ss@1s4 $7aik@.so
Chicago:
July. 1.o4% 1905 Ga7s
Sept. .sSil .S6I GSSs
Rye Market easy.
Yesterdays Previous Year
~ close. close. ago
No. West $244 $244la s1.5ala
Flour and Meal-Quotatioas were.
:. Yesterday's Previous Year
N. Y: close close nyo
MINI. patent
| s1a,2b0l42b 3ls26dDl]25 s11abaD11.e
| Corn meal
Nv. ca,s'ee 40 %.ab1A.8o a6Q@4.sf
li.7bm1e1O l76m12,o mn
Bran $500 al m 10 TX 8, !. e, or
Cottonsced Oil
a nrmer tone prevailed in thu marke,
anring yssterday's operations. owing to lesl
pressure OF liauidatlon and on scattered
buying prompted by tho advance in lard