The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1909-12-14

immense quantity of corn was bought
here at the lowest prices of the year
by western spectators, largely Ne
braskans, and their faith has grad
ually extended east and south until
there is now hardly commission
concern in the country that deals in
grain that does not have liberal ac-
tcount open in May corn. Cotton
traders have been among the latest
OF the large spectators to take an
active interest in corn.
Farmers Hold Product.
| These look upon the property as
still very low in price and use pro-
vision values as an argument in H.
that is also being taken by western
traders. Cold and clear weather the
greater part OF last week failed to
result in a material gain 10 farmers
marketings. d.
Unsettled weather has followed.
which has put shorts in a semi-panic
here and elsewhere. Large ship
ments to this market are due this
month as a great deal OF corn was
sold TO come here for December and
year delivery. The recent advance
in prices will help sales Indiana and
Ohio corn to the east and put this
market in better shape to take care
OF its arrival later in the crop year
Corn prices gained ~ G37sc last
week. best gain being in December
delivery. a squeeze in December
corn at Kansas City has put shorts
there into Illinois territory as buy
ers OF cash corn during the last week.
Argentine frosts have somewhat i'm
paired the crop promise in that couu
TRY. Last weeks receipts here were
2.04S 900 bushels, as compared with
shipments OF only 74S. 900 bushels.
Expanding Interest In Oats.
Although oats values have scored
a liberal advance in the last week.
they nevertheless continue the only
important grain that is lower in price
than a year ago. Expanding specu-
lative interest has come primarily
from the big shipping demand. The
latter has run ahead of the receipts,
while the arrivals have fallen down
10 less than the estimated daily needs
OF the city and suburbs. Last weeks
receipts here were 100000 bushels
and the shipments out were 1881
900 bushels. thus leaving the local
needs to he supplied from warehouses
Weekly primary receipts were over
500 900 bushels less than for the pre-
ceding week. Shipping and cash
handling interests have bought De-
cember and May oats and spectators
and investigators have bought May
during the last week. Net advances
of 2e to 3 sc were made last week
in the active trading futures.
Unless there is large and well
Sustained run of hogs to market be-
ginning the present week 1t is quite
Likely that even the present sensa-
tionally high values will be exceeded.
The trade IL producing only enough
from current arrivals to take care OF
present daily consumption, thus leav-
ing nothing for stored accumulations
during the period when such gain
should be heavy.
The packing at western centers is
already short over 100000 hogs
since November l, and II will require
an enormous run for long periods to
make up this big deficit, If, indeed.
1t is made up during the winter pack
ing season. New investors have
cleaned up some enormous profits in
January delivery product and are
putting most of their new ventures
into May. while continuing a portion
of their holdings In January.
Some of the packers venture fair
sales for May, but the speculative
contingent avoids the short side of
May as a rule because of its discount
from the January level. Pork ad-
vanced 321kc to zoe last week, lard
gained 42Hc to 52hc and ribs
gained 2iac to 10c.
Corn Market Still Soaring.
An enormous business was done in
corn, prices meanwhile again estab-
fishing a higher level. Distressed or
disguised shorts we're competing as
buyers with new investors. The offer
ings were liberal, but the demand
absorbed them readily during the
early hours, while the buying by
shorts was the most active, A fresh