The sun., 1919-02-04
ARGENTINA TOFIX
VALUE OF EXPORTS
Royal Commission Will Pur-
chase $2OO,OOO,OOO Worth
Of Native Produce. "
WILL PAY IN 5 P. G. BONDS
Government DEGREES Price of
Wheat to Be About $1.58
a Bushel.

A late cable from Argentina yes
terday stated that the Royal Commits
sion had agreed to purchase 100000
900 worth Of Argentina produce. includ-
Ing wool. meats, hides and cereals, pay
ment to be made in per cent bonds
The Argentine Government had deoreed
that the Argentine export price for
wheat should be equal 70 about sl.5s n
bushel. American money. cora TAN cents
and oats ASH cents. These quotations
represent an advance of about 20 cents
on February wheat 20 cents on corn
and cents on oats. compared with last
weekss quotations at Buenos Ayres.
As the Argentine Government Is lend
ing the credit with which To buy the
materials, II Is quite possible that II was
In position to fix the price at which
the grain should be taken. It was evil
dent from the report that the bear agi-
tation which depressed the Argentine
markets Is being controlled by the Ar
gentine Government.
The effect of that information was 70
bring about quick advance and q
Added TO tho information from the Ar
gertine was the release OF all grain and
grain products except wheat and wheat
-four. from embargo conditions by the
War Trade Board. Although that &C
ton may not result in any immediate
business. II will mean that European de-
| mand In open to the trade. and Just as
| soon as connections can be reestablishet
and financial matters arranged there
| will be a resumption of shipments e
neutrals as well as to the Allies.
II is quite possible that buying viii
| have to be done by both neutrals and thu
| ALLIES through Government agencies
I owing largely to the question OF finance
The requirements of Scandinavia, Hol
land and the Allies will be large for thu
balance OF the season
| The Allies naturally have had to bu!
wheat through the Grain Corporation
but there will be largs amounts OF othe
cereals to be bought The facts tina
sales Of wheat and wheat flour to tn
Allies and the relief programme 70
Belgium and northern and southern Eu
rope will take practically all the whoa
surplus OF this country will mean tina
countries which have to buy cereals will
have to take other grains or grail
producta
| Corn Prices Soar.
CHICAGO, FEB. 3.-Argentins Govern
ment DEGREES prohibiting tho export
corn bought at less than 74Ac E. o. {
did much to-day to nm corn prices here
Tho market closed strong. ave to ~
net higher. with May 31.20& to $1.20H
and July 3i.lSst to Sl.1Sk. Oats eaine'
I1kc to INC. In provisions there was
setback Of 15c. to 4oc-
Even before the news oAme that -
strictions had been placed on Argentin
exports the corn market here had n
upward slant. owing TO unsette
weather likely to hinder the domesu
crop movement and increase feeding lie
mand. Sentiment became a great oea
moro bullish after traders were awar
OF the Argentine authorities curtailin
expcrtn Tho stimulating effect was en-
phaslxed by announcement that all r.
straints on expectation Of coarse graz
from the United States had been n
moved. Eastern shorts were especiall
active buyers and the market closed
virtually tho top point Of the day
CoRN-rhers WAS . sharp GOVERN
,npoSaSou, IN. day were nrm. closing nes
the top with net gains OF about oents %
eu.h N the oss cash sn,r m. .sf. quote mot
=, sIt7S. cost and freight New York.
OATeJrh. local cash market W
nrfner. standard quoted at So y z esc.; y
\ white. sac: NO, 8 white. ss10hc-: ~
white, s7h6ssc. fancy clipped wnit
80 nTio.; ordinary clipped white. SIN
90 Nc, all elevator.
RYE-Market steady. NO. weUer'
u 80, cost and freight Nev York.
BARLEY-Market weak. Feeding, eb'
orc. mating. Si.of0i.oi. cost and frcisf
New York.
. NEUTRALITY-SUSPICIOUS. dull. SCUM
milling, So, cost and freight New Tori =,
HAY-Market weak. No. I. N.sS0l's'
No 2, Si.s5QLW: No. L l.l60lss.
STRAw-Ns~kst easy. No. rye, t>0l
per ton.