The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-20
STRONG ADVANCES
IN GRAIN PRICES
Market Influenced by Realiza-
ton That Europe Needs
Great Quantity.
OFFERINGS ARE LIGHT
Corn, Rye, Barley and Oats
Rise From One to Five
Cents q Bushel.
OFFERINGS ARE LIGHT

Oats advanced q cent = bushel, rye
~ 10 cents, barley 1 TO Q cents
and corn 2 to AZ cents In the
market yesterday. These advances rep
resented the awakening Of trade con-
ndence In the ultimate effect Of the needs
Of Europe upon the market conditions in
this country. These needs are expected
20 be urgent Herbert C. Hoover has
stated that the shortage in high protein
feeds is about 100000 tons. and while
this is largely for dairy cattle, still It
must be made good by some other feed
stuff, providing the feedstuff IL avail
able. This would mean that corn. oats
and barley must be used where possible
10 save the mill feeds for the dairy In
tsrests as an absolute need, and such n
substitution would naturally increase the
demand for corn and oats in q broad
way. While there IL a large amount of
old corn in Argentina and new
crop OF oats will be available there by
January. there Is a great need OF feed
SUITS abroad and II 10 quite likely that
the Argentine supply will be absorbed
readily. The shortage in the French
oats crop this year Is serious and must
BE made good In some way. as the Short
crop but with a greatly reduced crop
last year.
Another factor which 10 entering into
the broad situation appears to be the
fact that the price OF hogs Is to be
maintained at 17h cents. or the eQuiva-
lent OF $1.70@1.75 In Chicago for corn.
and while the country contains a great
supply of hogs. there will be enough ex-
port demand providing the vessels are
available to take care Of all the surplus
product. and the larger the supply OF
hogs the greater will be the demand for
corn for feeding on the farm. While a
great deal of corn has not been bought
for export, possibly owing to the quality,
the demand is expected to be good for
the new crop as soon as II IL moving, and
the amount of other grain which has
been taken off the market, particularly
barley and rye for export account. to
be shipped as soon as vessels are avail
able, is believed by the trade TO be an
important part OF the total visible sup
plies Of these other grains Corn al
$3.50 bushei was Ella cents a pound
while oats at 75 cents q bushel were
nearly ~ cents q pound. barley over
cents pound and rye about cents a
pound.
The price was so low that reports
were cribbing corn. and that owing to
the price a good deal OF corn land, par
ticularly in tine central West, was going
into wheat, which might have a direct
bearing on the corn supply next year. and
this would ultimately have very direct
bearing on the meat and fat supply.
CHICAGO. Nov. 1s.-Definite announce
ment of preparations under way to send
huge shipments OF foodstuffs TO Austria
helped to bring about a sharp upturn
to-day in the. corn market. after prices
had undergone a material decline. The
close was strong, 1Hc. to &c. net higher;
with December S1.30% to $1.30h and
NC. to 1hc. In provisions the outcome
was unchanged to zoe. lower.
Oats swayed with corn. Talk OF Inn
proved seaboard demand for oats was q
distinct bullish factor.
Huge arrivals Of hogs here weakened
provisions. The market subsequently
rallied somewhat. however. because Of
the grain bulge.
CORN-In the local cash market No. 2
yellow corn was quoted at 3l.63A, No .
York.
oArs--Looal cash market was nrm;
standard quoted at s5hc,: No. white,
Sc: 40; . white, s4Hc;; No; : white; sc, I;
clipped white. sSh as4hc., ali elevator.
RYE-Market steady; No. Western,
tT;. POST and freight. New York.
BAkLEY-Market hrmer; feeding. s1.Is:
milling, tl.e2: cost and freight New York.
BCCKWHEAT-.Market quiet: sound
milling, Ss;sS; cost and freight New York:
No. ., Sl.S01 l.S5: No. 8, Sl.6511.T5.