The sun., 1919-10-18
CORN MARKET IS
HIGHER AND FIRM
Options Are Up I 7-8 to 2 IL
at High Of Day, but Lose on
Profit Taking.
OATS ACTION Is SIMILAR
Provisions Steady as Hogs and
Grains Advance, but Suffer
Loss on Realizing.
OATS ACTION Is SIMILAR

Corn yesterday was firm, due 10 vhsa,
being placed on the priority list in shin.
ment, light receipts. better cash maria,
and covering by tired shorts Option,
>sverc up 5s to 21s cents bushel at ths
days high. Realizing and selling, dus IN
increased offerings in Illinois and Iowa
caused the cereal to lose VI to u cant
Of the rise. A better feeling than has
existed during the last few days an.
peared at yesterdays ophnng and No,
only did prices 60 up bli4business was
more active. Shorts were described IN
some quarters as beirg discouraged al
their inability to press prices further
downward In the face OF much beari,b
news. The December short interest Ia
large and has not forced declines thought
imminent. Some houses are talking corn
as good buy for a long pull. but qualify
their statements by declaring that the
time is not quite ripe. The corn move
ment is bound to suffer, wheat being
given the preference, which. naturally
will restrict the supplies and encourage
bulls. The statement Of Julius Barnes.
grain director. in speaking at the banquet
given him by the Chicago Board Of
Trade, that trading in wheat would b,
resumed as soon as possible, had sent
mental effect He declared that bs
would never favor a guaranteed price for
1905 crop.
Lower prices for corn ~ out OF ths
question. the bulls say. when cottun and
lard are going higher. The farmer cues
tions the justice Of cheaper grain and
provisions without action TO bring down
shoes, clothes and other necessities.
which are selling high. Weather fore
casts were clear and warmer, but the
crop needs two weeks Of cold weather.
Hogs were steady. While the market
remained firm the trade had to absorb
considerable corn. Argentine news was
sbearish, but had little effect.
Oats were firm in the early part, but
some prof1teering by a large holder
caused them to lose their early gain. The
close was near Thursday nights igure.
That shipments would be late, firmness
in corn and additional export order ru-
mors brought about the early advance
The situation in the United Kingdom re.
mains quiet but firm. Native oats con-
, tinue to be offered there in only small
amounts, while the American oats are
practically unofferable. Provisions were
steady on advances In hogs and grains
and better spot demand. but lost some
of their early rises through profit taking
Local grain. &c, quotations Of yester-
day follow:
CORN-In the local cash market No 2
yellow and No. white corn were quoted
at si.54k C. and T. New York.
OATS-Tbe local cash market was quiet
No. 1 white quoted at S2hc.: No. 3 white,
SO to S214c.: No. 8 white, s1h to s2c:
No. 4 white. toh to Sic; fancy clipped
white. sac: ordinary clipped white, size.
all elevator.
RYE-Market nrm; No. 2 Western. sL57
(. o. New York.
BARIEY-Market firm; feeding, sI.4f
and mailing sl.47@1.5s Z. 0. b. New York
HAY-Market steady: No. /. ,I.7o@i75;
No. :, 81 s5a 1.s6; No. 8, sL259lss; ship
ping. sl.16G1.25.
sTRAw-Market dull; No. rye, s1t a
ton.
BUCKwHEAT-Market quiet: new, $3.50
100 lbs.
WHEAT. including -four. exports for this
week, according to Bradstreet's, aggregat,
4.566,5s2 bushels, against 6,o22ls0 las
week and 6,2s6,146 last year; since July !,
l04, I1l,3s2, against 9e,sss,S2s last season.
Corn exports for the week 14,7ss, againsi
1850 the previous week and sci, ,4q4 las;
year; since July l, so7,ss2. against 1000,
$50 last season.