The sun., 1919-10-25
CORN PRICES FIRM
IN QUIET MARKET
Advances Are Checked by
Realizing-Hogs Go Higher
and Offerings Are Light.

Corn prices were firm and the corn
market quiet yesterday on rise In hogs,
light offerings and unsettled weather.
Profit taking. however, checked ad-
vances Pressure was lacking through
out the session. Shorts covered at the
outset on moro favorable news and ad-
vance in hogs. 1t Is felt now that hogs
have seen their lowest figures. at least
for the present, and that they will i'm
prove in price. They were yesterday UP
25 points. The possibility of continued
small receipts and some improvement in
demand for old corn had considerable
influence on the trade. Weather advices
showed rain predictions were for Nfur-
Their precipitation and snow in some sec
tions, unfavorable for conditioning the
new crop. Another builish factor was
the report of damage to the Texas
crop BY heavy rains. Trading was for
the most part professional They leaned
toward the long side, and II was de-
clared In some quarters that good rise
would take place II any outside buying
should develop on extended scale. Some
who favor higher prices claim now that
corn will sell at $3.50.
A statement from the Bureau of Mar
-
meats and potatoes had little effect on
corn. A difference OF opinion exists as
to whether the farmer will move corn to
market at present prices. Some assert
that 10 will be necessary for him to
market corn that he may get money to
pay on his land. The tonnage situa-
ton. II is declared, will hamper shipping
of Argentine corn. A large quantity of
that grain is now in the harbor awaiting
settlement Of the strike to permit Its
being unloaded. Weakness In the Ar
gentine markets is primarily due to evil
dent willingness of the farmer to dispose
of his corn at the prevailing prices.
While values display here heavy tone,
foreign interests are buying only in fair
amounts
Oats were full and steady with fiuc-
tuations narrow. The tendency to fol-
low corn continued. The domestic de-
mapd showed improvement but the ex-
port interest was lacking. Country Of
ferlngs are not heavy and the movement
is poor. There have been some export
bids, but at prices out Of line. No re-
covery in Argentine prices has been
shown as yet and the Argentine trade
has quieted down owing to absence of
active foreign inquiry. The Argentine
acreage is estimated as slightly smaller
than II was last year. but II Is believed
that the Increased yield an acre will
more than offset that deficit In acreage
figures Provisions were of on selling
claimed to be for packers. The selling
was in spite OF better tone in the hog
market, reported scarcity of meats and
a firm grain market
Local grain. &C., quotations follow:
CORN-In tho local cash market No.
yellow and No. white were quoted at
3l.5ih, cost and freight New York.
OATS-The local cash market was dull
but steady: No. white quoted at s2hc.:
No. white. S2c.: No. 3 white, ST. nc;
No. white, Sic; all nominal, In elevator.
RYE-Market Arm: No. 2 Western, Si.54
{. b. New York
BARLEY-Mark.t arm; feeding, u.ts
and mailing. si.&s@i.Sa T. O. b. New
York.
BUCKwHEAT-Market easy; new mill
ing. 50 per 100 lbs
HAY--Aarket steady: No. l, t.T09l.15;
No. 2. s1.6s @l.ss; no, 8. 3i.fs9i.s6; ship
ping. si.154i.1S.
sTRAw-Market quiet; No. rye. &l4
a ton.
wHEAT-Exports for the week. includ-
ing -four. according TO Bradstreet's agSre.
gate 3.sTi.f50 bushels. against 4,566,5s2
last week and 6.s66.6is last year; since
July /, 10s.5s5,s32. against l0s.26l, al
last season. Corn exports for the week.
$500, against 14.7ss last week and none
last year; since July l. eis.4s2. against
lo,O40.sso last year.