The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-08-21
CORN NRARS THREE
CENTS PER POUND
Now Selling Less Than a Dol
lar a Hundredweight Be-
low Wheat Figure.
RYE SUPPLY IS LARGE
Winter Wheat Flour Demand
Has Lessened, Though
Price Is Lower.

Price Is Lower.
With the advance yesterday, the price
OF corn at the close was a trifie under 3
cents q pound. the price OF rye 81 cents.
the price Of oats rs cents, the price of
harley 30 cents and the price Of wheat.
At the dxsd level, s& cents. all on the
Chicago basis. In the past few days
rye has gone up II cents q bushel.
partly influenced by the strength In
corn. and partly by the talk that. owing
to the large supply OF rye. 1t would be
made q full substitute. OF this there Is
no general indication although It is
possible that some OF tho local food ad-
ministrstors may make such orders re-
garding local conditions at some points.
With the change In the price OF grain.
the question Of the cnange in the price
OF the product 10 being very carefully
watched. Recently there has been fur
ther decline in the prioe OF -four. and It
Is claimed that even spring wheat fiours
are selling from 70 to 30 cents a barrel
TER wheat dours are selling at conces-
sion under the base price, including the
eacks. Tho demand for winter wheat
hours continues extremely dull. and there
Is distinct pressure on the market.
Recently the price OF rye flour has
har9ened, In response to the advance In
the rye market. but the price Is still con-
eiderahly below the price OF the wheat
hour on the inside grades. although the
mi To-
price OF winter wheat -four II Is quite
doubtful whether bakers or domestic
users Will pay more for the rye flour
than they will for soft winter wheat
nours. and II 10 not believed that the ex-
port demand Tor rye -four will pay within
dollar a barrel Of the price OF wheat
hour.
The prices OF corn goods continue to
De equal to the price OF wheat -four, and
with the recent advance In corn prices
there Is believed to be but little chance
or much recession until new corn Is
available. and with the nne quality of
new corn in prospect. II may be that
corn goods will respond to such condi-
uons. Barley flour 10 selling slowly. and
sven tho improved quality and better
nillsd hour now being made ie not NOV
Ing. which condition is reflected in the
price Of the barley grain.
CHICAGO. Aug. 20.-The persistency of
damage reports from southern Nebraska
and Iowa AZ we'll as the Southwest.
coupled with marked strength at Kansas
City. brought about active trading n
corn futures to-day. prices scoring net
advances OF 2k 62% and closing strong.
The advance brought out stop loss or
ders. and. although there was some
heavy profit taking on the bulge, the
ADVANCE was well maintained. o.
tober corn closed exc. up at sl.sSN.
Oats were bought by shippers to-day
and by shorts. who were impressed by
the corn strength. The undertone OF
the market was strong. Closing prices
were &c. over yesterday. October at
7&xc.
In provisions the removal of tho maxi,
mum price restriction from dry salted
meats by the Food Admlnistrat ton
brought about higher prices. Closing
prices were at a net advance OF ba7Bc.
In lard, rs ge7 Nc. in ribs, and 4Od soc.
in pork.
WHhAT-whils trading operations in
the wheat markets have been curtailed OF
late by the Food Administration by the
refusal Of permits. IN. movement both
In the West and to the seaboard oontin-
nes heavy and the crop is being marketed
'spIuS' spring wheat - sim moving
slowly but the crop is liberal one and
VIII shortly he on the market. Fail plough
ing ID making good progress In the winter
wheat belt. and II is thought that the area
10 be planted to winter wheat will be a
large one.
CORS-After . week or ten days of In
,aelvny the corn market suddenly de-
new high records NOR tho season were es-
tablfshsd. The Septem Der position at Chi
caso sold az the previous high record Of
si.ss, while October msde a new high
mark of si.s6 Tho advanc. was duo
largely to active covering In an oversold
market. Cash prices in the West failed
TO follow tho advance fully although the
local market was drm with fresh sheiled
Nc 2 yellow quoted a. S20tA: No. : yell
low 3l.esS cost and frsislx New York.
OATs-Nsw high records were made
thrsushout the list in The oats mark.,
the West were firm with an apparent rood
demand, but exporters were showing little
interest here. The local cash market was
hrmsr In sympathy with the West, how
ever: standard quoted at soH 9sie. No. /:
No wSiss, ISM q SOC; fancy clipped
sou Ge2Ac, all elevator.
RYE-TrAding in the newly established
market for rye futures In Chicago has
assumed considerable proportions and
prices yesterday were firm with rains of
ket No. Western was quoted at ITO
cost and freight New York.
BAb1EY.-Market easy; feeding. $40
9i,iS; mailing. si.fo6i2S cost and
freight New York.
No. !. ,I.556l.so; No. 5. ,l.loSi.tS.
CHICAGO PRICES