The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-06-17
CORN QUOTATIONS
FLUCTUATE FREELY
Market Is Nervous, but Firm
Undertone Is Shown and
High Levels Reached.
OATS BEHAVE SIMILARLY
Provisions Strong at. Opening,
but Weaken and Fail to
React During Day.

Prices fiuctuated freely yesterday IN
the corn market. which. while nervous,
displayed a firm undertone. The fiuctu-
alton was especially. true in the after
noon. when, with the market near the
high levels OF the day. selling move
ment was started as the visible showed
m Increase OF 100000 bushels. The sell
ling movement failed to break the mar
ket and the shorts. disappointed at that
result. covered at the close. The cover
ing movement sent corn futures UP to
new high figures and they closed near
the top. Fluctuations were not so vio-
lent in the morning when the bulges
were checked by profit taking. Cash
corn, after a SLOW opening, firmed up,
but failed TO follow the futures. The
strength Of the market was principally
due to the position OF hogs, which ad-
vsnced IS points, reaching q record high
OF $21.e0. Hogs just no woccupy an
even more important place in the corn
market than the weather. an was shown
NJ the opening, when. In spite OF the fav-
orable weather map, corn was firm.
Corn grew stronger after the opening
when indications were that the receipts
would be lighter during the week and
as crop complaints filtered In. Des-
patches from Kansas and other Western
States told of activities Of the army and
cut worms PROFIT taking during the
second hour checked the advances. but
the offerings were quickly absorbed by
short and commission houses. Later a
Broom Halls cable verified the previous
published reports Of drought in western
Europe, saying II was widespread and
that coarse grains and fodder were suf-
fering severely. The cable strengthened
the market. but It's effect did not become
noticeable until near the close and after
the trade had given the situation a little
more consideration. II served It's best
purposes to help check the selling move
ment. founded on the increase in the
visible supply and the announcement
that the growing crop in the Southwest
was in much better condition than had
been believed.
Oats acted IN sympathy with corn.
being strong during the morning and
resting In the afternoon, only to close
near the top. There IL considerable buy
ing OF oats due to cileapuess of the
grain anc many complaints regarding
the condition of the new crop. Provi-
sions, after a strong opening weakened
and remained In that position to the
close. Selling by packers and realizing
sales were responsible for the decline
IN these products.
Yesterdays local grain quotations fol-
low:
CORN-In the local cash market No 4
yellow was quoted at S1.e6x; No. 2
white. t1.9sK, cost and freight New Y ,rk
OATS-The local cash market was
strong; standard quoted at s2n o sac.
No. white, SStc.: No. 3 white, $40
s2hc: No = white, s1H SIC; fancy
tipped white. s1H Ss3Se'. III III .teva eaa7
RYE-Markst firm; No . Western,
n.e4H, cost and freight View York.
BARLET-Markst firm; feeding, sl.22;
maisiuS. sl.2s, cost and freight New York
NEUTRALITY-SUSPICIOUS. dull: sound mill
;ng, 90, rs. cost and freight New York
HAf--Market quiet: No. I. y2s5a24o:
70. 2 S226@2So; No. 9, $2l5@220; ship
,sTRAw-Markst dull: No. 1 rye. SAG
10 a ton.