The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-10-25
SUSTAINED CORN
VALUES EXPECTED
Large Feed Crops Necessary to
Assure Normal Meat and
Fat Prices.
PLAN TO STABILIZE RATES
government Buying for War
Needs Helps to Keep Cereal
at High Point.

A somewhat complex grain price sit
nation has developed. and that this 10
..osntred by Government ofYiciais 10
,,osrent The connecting link between
a. necessity for large feed crops. espe-
,a.lly corn. and sufficient supplies of
n.,ts and fats through the medium Of
attractive feeding costs Is also we'll un-
a.rstood by authorities In the trade. At
h,s stage therefore the opinion prevails
,b,t n sustained corn market would be a
tep In the right direction. Obviously a
nstsrial decline IN corn values would
lake farmers reluctant TO. plant this
t.rsal next season. and IN the meantime
tAsre would be preparations made for
rbstitution OF other crops, 1t Is true
nat such substitution has already taken
olacs In the way Of preparing for an
enormous wheat acreage, and also that
ma Government desired q large wheat
area, but their hopes have already been
fulfilled. ia. ~
II is not to be inferred that efforts
Will be made to sustain the corn mar
let prices from this period to the new
crop planting tine and then allow the
market to drop materially. Rather II 10
he plan to stabilize corn prices. 20
hat a substantial crop will be grown.
and then sufficiently large feeding de-
nand TO stve' stimulus to the corn mar
at OF late, Il will Do recalled. there
vas q drastic slump In corn values,
rehecting the peace movements and
lsrye sailing Of corn credited to farm
era, while the desire Of country inter-
ss.s 10 rid themselves Of relatively low
a. ms n 4.
ismoralised selling was checked by the
announcement that the Food Admin
kration would be- In the market at
various times Tor corn and that they
hvored stabilized market
some authorities express the opinion
hat the Government buying of corn
nus Tar has been very light and will
rot amount to vast quantities when II
does develop. There IL no disposition In
well Informed quarters to deny such
claims but II Is matter of common
knowledge that occasional Governnn 1
buying Of qua utities even as small Z
ivo milton bushels weekly over n
stretch Of time would have q decided IL.
tect IN holding up corn prices Current
idrices suggest that the buying ideas
the Food Administration are some-
what under the present market, and yet
:. is thought that available tonnage will
ave more effect an establishing buying
psrtods than the price of corn. -
CHICAGO, Oct 24.ACorn went down
g-ade IN prtca to-day under liberal sell
1g due chiefly to reports that the Allies
lad ssreed a. to armistice terms. The
market closed heavy. AZ to Sc. net
lower. with November$i.2 to sl.25k
md December Sf.3I Is to $a.2tS. = oats
finished = to: SCad DOWN and provisions
Unchanged to setback of soc. - $50.
After a little uncertainty at the out
nj bears Ia corn had the advantage I'M
a!stakabiy throughout the rest Of the
lay. Besides the, gossip which grew
out OF the report in regard to armstice
arms there was another element OF de.
fsss.on' IN current talk that importa-
ions OF corn from Argentina were con-
'er2iated. Leading commission houses
hat were among the principal buyers
Yesterday ted In the selling to-day and
we're evidently actuated TO a consider.
BE extent by'a desire TO realize profits
Rallies which took place served only "a
a!ny out renewed pressure and at nc
line seemed able to muster aggressive
support .-.t#.
Provisions weakened with hogs and
gain Scattered liquidation appeared "a
" IN progress.
cORS--fn the local cash market No
Yellow corn was quoted at sl.75&, No
Yellow. sl.si&. cost and freight New
0ATs-Locsl cash market was quiet
tandard Quated atTsc: No. 3 white, zee.
No white. 7sIc.; ordinary clipped
Fh!te, 'sc., all elevator.
.hiE-Msrket. quiet No. 2 Western
u mr. EXPORT
BARIEY-Market steady; feeding, 81. OF
@AIu 1g. I,ll.. cost and freight New York
xHAf-Market easy; no. I, 81. 90 to SI.sBi
T" :. 1LTSt 70 81 50; No. 3. SI.65 to $40.
CHICAG n ppyCEa