The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-10-18
FARMERS WANT
CORN PRICE FIXED
Start Movement in West to
Stabilize Rate at $1.65 q
Bushel in Chicago.
HOOVER TO BACK PLAN
Aim to Encourage Sufficient
Planting Of Coarse Grain
to Meet Feed Needs.

Reports from the West yesterday
stated that movement had been started
by Western farmers TO take up. In con-
rection with the Food Administration,
the bringing before Congress OF q prop
osition to stabilize the price of corn at
;l65 in Chicago. There was also
report that an effort was in progress
TO stabilize the price OF corn In re-
latIon to the price Of hogs. The argu-
ment used. 1t was stated. was that an
effort to maintain. even as n minimum,
$3.50 hogs In Chicago would be prac-
tically impossible with s1.25 corn. The
Food Administration has endeavored to
stabilize hogs at $3.50 per 100 pounds
minimum. based on the idea of Is to 1
as related to the price of corn in the
big hog producing States. Such
price would be possible. II Is claimed.
only II the price of corn was on about the
came level as that Of hogs. There would
be so much profit in feeding hogs at
the present low level of corn and the
present high level of hogs that the
country would be swamped with hogs
another year.
The idea Of s1.s5 corn as q Govern
nent guarantee was spoken Of as some
what In line with the price Of wheat
and also In line. to q certain extent.
with the price of hogs. The point was
overlooked. however. that there II no
such demand for corn as there 10 for
wheat, and s1.65 corn might mean that
the country would have to buy and
store large quantities Of corn which
It might not be possible to dispose OF
Argument in favor of the s1.e5 corn
was that some such price should be
stabilized In order to encourage suffi-
Gent planting of coarse grain next
spring to meet the required feed coudi-
items and not have everything possible
put into wheat at the stabilized wheat
price.
The fact that hog prices arc to be
maintained II possible will mean that
as long as there is sufficient live stock
IN the country to consume the grain
there will be no incentive for the coun-
try to sell grain below its feeding value,
excepting temporarily. Although corn
is selling in Chicago around $1.2001.25.
the fact that the feeder or man on
the farm can get the equivalent Of $3.50
for his corn In the shape Of hogs Is not
going to induce the farmer who can
raise live stock to quit raising live stock,
hut will encourage him to raise more
WIN anu hNo BUCK III OTQeT 10
get the value out of his corn. The
great need OF the world will be meats
and fats, peace or war.
WHEAT-Reports from India state the
crop outlook there IL favorable, and Au.
stra'ia, which still has a large percentage
90 the last three crops, has now COM
msnced TO build steamships with which tn
make shipments of Its products to con-
suming countriea
tORN-Market was very feverish
throughout tho day, but prices were gem
orally higher closing with net gains of
&c 10 Sisc. In the local cash market No.
yellow corn was quoted at sl.694: No. 3
yellow, sl.S5%, cost and freight New York.
OtTS-Market Influenced more or less
By the action OF corn, but the undertone
was easier and final quotations were u C.
20 Hc, net lower Local cush market
barely steady; standard quoted at 7Sc;
No. white. 7shc.; No. white. 7Sc.; No.
white, THO: ordinary clipped white,
fsc., all elevator.
RYE-Market steady; No. Western,
3l.T7, elevator export.
BARLEY-Market easy; feeding, sI.lo:
milling. $l.lS. cost and freight New York
HAY-Marfet easier; No. I, 32l0q2l5:
No. 2, ,?92.o5; No. ). sl.soaI.s5.
CHICAGO PRICES.