The sun., 1918-07-25
CORN PRICE HIGHER
ON WEATHER REPORT
Rumors From Canadian North
west Cause Raise of 5
Cents q Bushel.
FEAR DAMAGE BY FROST
Amount Raised in Section
Should Not Create Alarm,
Experts Declare.

Rumors late yesterday that weather
conditions in the Canadian Northwest
pointed to possible frost in that section
and in Montana resulted in an advance
of cents bushel in the price OF
corn from tho low Of the day. with an
extremely nervous close of the market
As no corn is raised in Canada. and the
amount of corn raised in Montana last
year was 100000 bushels. and even In
North Dakota only 100000 bushels
were raised. tho advance in TIE market
seemed to be completely without founda-
ton in tho possibility of damage, OK
perts declare.
The entire amount of corn in the two
States, 100000 bushels. is not as much
as Is raised in numerous counties in the
great corn States, and the weather con-
ditions In these States have been par
ticularly favorable. The weather during
the last week has shown rain in nearly
every corn State, excepting In parts OF
Missouri There have also been some
complaints from Ohio. Texas is very
dry, and corn that was not far enough
tho drought has been seriously hurt. Ar
Texas last year raised crop OF 77.ooe,-
900 bushels, and two years ago 10000
900 bushels, the drougl damage In Texas
is many times more serious than any
possible frost in North Dakota or Mon
tana. States east of the Mississippi
through the South have rad very good
rains-also Arkansas and Oklahoma, and
throughout the North.
In the Northwest there have been good
rains In Minnesota, the Dakotas and
Montana, and there were yesterday good
rains reported in the Pacific Northwest.
Official advices were wanting from Can
ada, but private advices pointed to good
rains in Canada. A possible frost in
Canada would be n serious factor Oh
oats and wheat at this time. as well as
on fax and barley. The present pros
poets In the American Northwest for
all small grain, excepting in portions
of North Dakota and Montana, are al
most for a record outturn, and in the
dry districts OF Montana and North Da-
kota have been materially relieved
There has been good deal OF anxiety
regarding the Canadian situation IN
some sections. but the rains have helped
the growing crops greatly, and a very
large crop is expected in many sections
o. the Canadian Nortf west.
CHICAGO, July 24.-Fear of abnormally
low temperatures brought about a sharp
advance in corn values to-day. notwith
standing transient setbacks due to peace
talk. The market closed unsettled. Pm
to axe. net higher. with August sl.55 /.
TO s155ps and September st,56A to
s156%. Oats gained as to lhc. and
provisions IL to 25c.
Reports of frost in Canada and Mon
tana, together with predictions that the
mercury would drop to 35 in North Da-
kota. forced the corn trade into a radical
change of front during the last half Of
the session. Whereas previously the
crop outlook had seemed suspicious. and
the attention of a majority Of dealers
had been given to tentative peace terms
said TO have been sugge sted by Germany,
the chances of damage from a sudden
cold wave drove all other factors out of
sight The peace talk was dismissed on
the ground chiefly that the new terms
were but little different from others
which had already been rejected.
Oats fuctuated with corn. Rains in
Canada. which for a time gave some adj
vantage TO the bears. were more than
offset later by cold advices from the
Northwest
Strength in hogs and corn made pro-
NlsItnS ascent, -lnfTdl shipments OF
lard tended also TO favor the buying side
WHEAT-Rnceipts OF wheat at primary
points continued to gain and yesterday
amounted to over 1000 900 bushels COM
pared with $4,000 last year. RrddStrs,fs
visible supply showed an increase Of :. O5O.-
900 bushels east % tho Rockies, bringing
the total to $3.50. 600. compared with 49,
200 600 last year. Export sales are made
daily and preparations are being made for
liberal shipments abroad Mills are oh
tanning more bountlful supplies and Rra
husiy engaged in grinding new winter
wheat. crop accounts from tAs spring
wheat belt continued generally sat!stRc-
tory, although II is believed that the high
condition of a month ago has not been
maintained in all districts. harvesting
operations are nearing completion In tho
is OF exceptionally high quality.
CORN-In tho local cash market fresh
sheiled No. yellow was quoted at ;l.95%
and No 2 yellow 3l.s5% cost and freight
New York.
OATS-In the local cash market prices
were firm; standard quoted at ssHc.; No,
No. white. s4hc. to Sjc.; fancy clipped
white. SIC. to S9Ic; ordinary clipped
white, S5r. 20 sec, all elevator
RYE-Markct steady; No Western.
sls3 cost and freight Now York.
BARLEY--Market firm. feeding sl2s
to $40; mating, tl.36 10 $40 cost and
freight New York
IIAY-Market nrm, No. |. $50; No. 2,
$40. No. 3. sl.20 to 81 80.
CHICAGO PRICES.