The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-08-09
TRADING IN CORN
LACKS CERTAINTY
Dealing Reflects Nervousness
Over Federal Report and
Presidents Address.

A spirit of uncertainty prevailed yes
terday In tho corn market Trading was
nervous and unsettled, due to the coming
OF the Government crop report and the
Presidents address TO Congress- II was
a quiet market. however, with fiuctua-
lions rapid. September corn continued
to show strength, but the distant months
were weak except for the last few min
utes, when they firmed UP. Strength in
the September delivery was caused by
the strike OF the railroad inspectors in
the middle West and the small ship
ments which are being made. Chicago
received but few cars. Expectations
were that the Government crop report
would be bullish, but the trade was APP
prehensive as to what President Wilson
would say concerning price control
There was considerable evening up
throughout the day in anticipation OF
both of those events. The unsettled la
Dor situation caused some OF the early
weakness, while the late flrmness was
due principally to covering.
The crop report issued at the close OF
the market was about as predicted on
corn, but bullish on wheat and oats.
Corn might be said to be slightly bearish.
for the Government figures were slightly
better than expected. The Government
report showed the condition OF corn to
be ST. and indicated production OF
2,7SS. 0O0.0 900 bushels, against 2,S15'OOO,-
600 last month The condition of oats
was given as 76.5 and the indicated pro-
duction of oats this year as 1,266, 100000
bushels, against 1,403.128.000 bushels
last month. Spring and winter wheat
showed the greatest drop. the figures
being s40.0o0.00o. against 1,1e0,0oO.ooo
bushels In July. Condition Of spring
wheat was estimated at SIS and Its In
dicated production as 225.000,o00 bush
els The report on winter wheat showed
the condition az s4.3 and the preliminary
yield as 71b,s01,0o0 bushels. Wheat pro-
duction has declined materially, due To
| the damage by black rust and drought
which was primarily the cause OF the de-
cline in oats. Corn did not suffer az
heavily as expected from the hot dry
| spell which gripped the middle West fol-
long time.
| Oats were firm throughout the day or
the belief that the crop report would be
| bullish, the car shortage and railroad
| conditions Cash demand In oats was
quiet and there was a tendency on the
part of the trade to do considerable
evening up. Provisions were quiet and ir'
regular. Light support and labor trou'
bles at the stock yards were the prin'
| cipal causes. Receipts were small. but
the cash demand was quiet.
Local grain, &C., quotations of yester'
! day follow:
CORN-In the local cash market No.
( yellow was quoted at s2.20h. and No.
| white, s2.23A. cost and freight New York
, the market being strong.
| OATS-The market locally was agaii
| nominal, with No. white quoted at sec
No. 3 white. sbc.. and No. white. $40.
| all elevator.
RYE-Market- steady; No. ? Western
s160E, cost and freight New York.
| BARLEY-Market steady; feeding. ": IL
and mailing. sl.4<. cost and freight New
| York
BUCKWHEAT-Market steady; SCUM,
milling. St.4o 0+.so. cost and freight New
| York.
Mo- .. ,1.s59isS; No. 3. s1.55@LsS; ship
s1TRAWSMsriet dull: No rye. si4
ton.
| Wheat. including -four, exports for tn
| week. according to Bradstreets, aggregat
$500, s22 bushels, against s,1o9.s3s tn
previous week and 3.s75,l57 last year; sine
July !, 35.75s.659. against 23.ss7,l7t las
season. Corn exports for the week iS,OOu
against NIL last week and 5o2.323 last year
since July !. sss.s3l. against 4.6s7'5zS las
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