New-York tribune., 1921-06-04
Reaction i'm Wheat :
On Profit Taking
After Early Rise
New High for Season for
July Contracts Reached
Before Setback; Crops
Better; Corn Declines

CHICAGO, June 3.-Sharp setbacks
in the price of wheat took place to-day
after the market had touched new high
record quotations for the July delivery.
Slowing down of export business
counted as bearish factor and so, too
did ideal weather conditions. The fin
ish was heaviest at 314 to y cents net
Corn lost Il to cents and oats q to
/ cent. In provisions the outcome va
riad from 21a cents decline to cents.
advance.
Wheat value began to break as soon as
the opening figures were posted. showing
that the seasons high price record had
again been outdone. In this connection it
sad that large offerings to Europe
Italy would need only 40, coo, 900 bushels of
wheat this season against ITO, 000, 900
bushels imported last season Bears also
made much Of assertions that prevailing
cool, cloudy weather would greatly facili-
tate the proper filling Of wheat and that
crop estimates We're likely to be revised
SCISSORS returns showed much larger
acreage than was Indicated by the gov
clines caused one decided rally, but the
effect was more than counter balanced lates
as a result of arrangements to start trad
ing in the September delivery here without
further delay.
Corn and oats We're depressed by re
newal of large receipts of corn The ar
rivals of corn were estimated to total 700
cars.
Provisions averaged a little lower in
sympathy with grain and hogs.
GRAIN PRICES
Wheat
Yesterdays Previous Year
No. hard. .S1.S1h sIS5
The range at Chicago:
Thurs.
Open; High. Low, Close. close.
Yesterdays Previous Year
No yellow sos694 s0S77s $1'f4
se4y sept ember si;o:r. .s337s .s37s 80 e. I.6S% q
Yesterdays Previous Year
New York: close close. ago
No. 9 white, $3.50 $051 $lS4
Chicago:
September. .42ss .43ss .79
Yesterdays Previous Year
New York: close close ago
No. Western.S1.73 $1.751a $249I5
Flour and Meal
Yesterdays Previous Year
spg pit. .ssOo@ $50 ssoo@9.5o s1450S5i5. so
Cornml 185Qi.95 1.85dD195 4.271sp 4.95
Rye. s.oo@95o 9.Oo@95o 11,75
Butter, Cheese and Eggs
Butter-Receipts were 1896 packages
creamery, higher than extras, lb 80
2o15c; extras 80 score, 291ac; firsts &c "a
029c; seconds, 23@2Gc; lower grades 2l
@$2c unsalted, higher than extras. az
@S2c; extras, 30@30kc: frsts, 27@29iac;
seconds "a @26l lac;, state dairy tubs, finest,
lo q 29c; good to prime, 25027c; common
to fair, 2o@24c; ladies, current make,
firsts, % q 221ac seconds, ~ GD1Sc; lower
grades, 16@17c; packing stock, current
make, No. l, 1Sc; No 2, 17c; lower grades,
Cheese-Receipts were 1857 boxes. State.
whole milk, short held, 150D17c: fresh
specials, is u @1613c; average run 140D
15c; lower grades, 10013Ac twins, fresh
specials 15@16c; average rum 140Dl5c;
Wisconsin, single Daisies fresh, 160l6bc;
double Daisies fresh, Ice; young Amer
icas, fresh. 1914 D17c: Skins, fresh spe-
cials, II 911c; prime to choice, 801Oc
Eggs-Rece1pts We're 52,756 cases Fresh
gathered extras, dozen. soc; storage pack
ed, extra frsts, 281a @291Ac; frsts, 27@
2S1ac; fresh gathered, extra hrsts, 2fls
@29c; firsts, 25@27c; seconds. 28@24}a &c;
trade eggs, 22@24c; dirties, regular pack.
checks, fair to choice dry. 2ols @S1l5c u
state, Pennsylvania and nearby Western
hennery whites, extras. 37@3Sc; extra
frsts, S4@3 see; irsts,s S1@3$c; gathered
whites, frsts to extra frsts, 81 q 35c; under
| grades, 276p30c: Pacific Coast, white, ex-
tras. @3Sc; extra tirsts. 54 @ 36c; frsts.