The sun., 1918-07-20
CLEAR ELEVATORS
FOR WHEAT CROP
Removal Of Coarse Grain to
Make Room for New Product
Affects Corn Grading.
REACTION IN OATS TOO
General Increase Over Last
Year in Movement Of All
Grain to Markets.

A report that owing to the heavy
movement Of wheat St Louis elevators
had been ordered cleared OF coarse grain
resulted In a sharp break In both corn
and oats. particularly corn. which at
one time yesterday was down nearly
~ cents q bushel from the high level
made only few days ago. The move
ment of corn Is also very heavy. So
far this week receipts have Increased
1,s00. 900 bushels over last year, oats
receipts have increased 1900. 900 bushels,
while wheat receipts have Increased
$500. 900 bushels.
The freedom with which wheat Is being
moved from the country 10 surprising
every one, and the action at st. Louis
may be followed by action of a similar
character at other markets. The broad
plan of the Grain Corporation Is under
stood to be to buy at the terminal mar
kets only. Taking the country as a
whole there Is an immense elevator
capacity at the terminal markets, or
rather at the markets in the big cities.
In the interior and on tho coast. this
capsctty agsregating possibly $50, 900 900
bushels. OF course not all this capacity
could. possibly be used for wheat, as II
Is absolutely essential that room be re-
tanned for other grain, It 10 also ex-
pected that there will Be q very heavy
export movement OF wheat, which will
for a time at least, prevent Immediately
large accumulation. but the fact that
the movement has been 30 big in the
Southwest before the end OF the third
week Of the new crop that 1t was neces-
sary to order out coarse grain to make
room for wheat was rather demoralixins
| to holders of cash coarse grain,
The present visible supply Is only abou,
| 100000 bushels Of all grain. and there
is plenty of room II the grain can be
distributed to take care Of all the move
ment which may be expect sd. but II Is
quite possible that the ree>ints will con-
| tinue so heavy in the Southwest that the
entire capacity of the Southwestern
elevators will be taxed in order to
| handle 1t.
CHICAGO, July l9.-Fresh successes oil
| the Entente Allies led to big new breaks
to-day in the corn market. Prices closed
! unsettled. 2R to 3Nc. net lower, with
| August $1.d2ia to $1,52% and September
sl.53 to SISSY. Oats finished &c. to
Ia 81&c. down. and provisions of 9
shade to SC.
Bearish sentiment regarding corn be-
came SO pronounced that the August de
I livery was forced down more than l0c
under the high point of the previous da,
| and nearly 14c. below the top figures Of
| to-day. In addition to war news. TIKI
| favorable wea ther was against the bulls
and so. too. were liberal receipts. Be
| sides reports were current that the FooS
| Administration had ordered interior pub
| lie elevators cleared as far as practi
, cable so as TO make room for the new
wfeat crop. Throughout the day buyini
support was limited except from shorts
whose profit taking induced numerous
but generally transient rallies.
Adverse crop reports from the Cana
dian Northwest made the oats marke
show stubborn resistance to selling pres
sure. The continued weakness OF corn
however, together with talk OF devot
ing elevator facilities more largely Il
wheat, caused much unloading OF oat
after midday.
CORN - Market experienced ,anothe
sharp decline; prices breaking about
Cosns wi uS"G net ' iosses Is" Of ~ asSs RI
local market was inactive but steadv. Frcs
> yellow. sl.9o%. cost and freight Ne'
York
OATS--Market showed considerable in
dependent frmness throughout part OF tn
day. nut subsequently pr!EeS eas'u on an
closed with net losses OF u Ti@c. 1ocf
cash market was quiet and easv; stantar
quoted at s7ia a ssc.; No. white. ssc
No. white. s7hc,; No. white So
s6hc: fancy clipped white. sIr q s0h C
ordinary clipped white. Ssh 4s7 &c. q
elevator.
RYE--Market dull No. . Western, Sls
cost and freight New York.
BARLEy-Market duli; Feeding. ia
a l 40. and mailing. 3i,soal.sS. cost an
freight New York
HAY-Market Arm. No. J., $3.50: No
Sl4O; No. 3. si20Ql.3o
Wheat including -four. exports for III
week according to Bradstreets. aggregat
1.lsl.7st bushels. against S,ols. s65 the pre-
rious week. and +,:6s, 1858 last year: sine
| July l. 1853, SS2. against 1S,3lb,2H los
season. Corn , EXPORTS for the week. sss
500 bushels. against 477.3t2 last week. an
AS Sss last year; since July j, l,52O.sI
against l,s4o 867 last year.
CHICAGO PRICES.