The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-03-01
MAY ABANDON HOG
PRICE AGREEMENT
Report Policy VIII Be Dropped
II Embargocs Be Lifted
on Pork.
rs UP TO THE PRESIDENT
Billiards and Hog Values
Have Tendency to Boost
Market for Cereals.
IS UP TO THE PRESIDENT

WASHINGTON, Feb. 2s. - Frank q.
Snyder, head Of the meat division.
is was said. is prepared to abandon
the hog price agreement policy. TN
der which a minimum has been main
tanned from month to month since last
October, IL the embargoes are lifted.
Otherwise price will be agreed upon
for March. There may be no action be-
fore Monday
The present minimum price of $3.50
hundred pounds for hogs. which expires
at midnight tonight, viii be continued
until a decision regarding the existing
embargoes on pork affecting neutrals and
other countries Is made by the President.
That statement was made to-day by
Food Administration officials.
Cereals Firm Near Close.
CHICAGO. Feb 2S.-Bllzzard conditions
prevailing in the West and apparently
lessened chances that the hog price mini
mum would be removed tended to-day to
lift the value of corn The market
closed firm. NC. net lower to an advance
of exc, with May $t.25h to S1.25M
End July s1.21as to s1.211s. oats An
ished unchanged TO &c. higher and pro-
visions unchanged to a gain of SOC
Reports that the severest weather OF
the winter including temperatures 10 be-
low zero. had struck portions of the corn
belt put the bulls at disadvantage
throughout the day in the corn market.
Tho reason was that feeding would be
enlarged and the rural crop movement
further curtailed. Among the most ac-
tive buyers were dealers who had been
confident that the hog price minimum
had been disappointed and were facing
prospects that the minimum would be
continued until broader export outlets
for provisions furnished setoff. Some
transient depression resulted from mis-
leading reports that farmers, who had
not seeded spring wheat In 1918, would
be denied the benefits of the Government
guarantee this year.
oats borrowed firmness from corn.
Provisions rallied sharply from an
early break. Packers bought.
CORN--A nervous tone prevailed in the
market. which showed a firm undertone,
especially for late positions on covering.
In the local cash market No. white ana
No. . yellow were quoted at Sl52h, cost
and freight New York.
OATS-A frmer tone prevailed in the
market In the local cash market prizes
6sc.: No. 2 white, SIC: No. white. sseA
to 6shc; No. white. SIC; fancy clipped
white. CSC. to roc: ordinary clipped white,
SIC. to 6shc.. all elevator.
RYE-Market firm; No. Western. o1-0e.
cost and freight New York.
BARLEY-Market firm; feeding, S<0sea,
and mating. sl.oial.o5, cost and freight
New York.
HAY-Market steady; No. 1, t1.Be0
Ice; No. :. .I.S5ai.45; No. 3. si.2o91s1
BUCkWHEAT - Market weak: sound
milling, $40, nominal cost and freight
New York.
STRiW--Market steady; No. 1 rye, sIS
a ton.
Wheat. including nour. exports for ths
week, according to Bradstreets, aggregate
3,26q,37l bushels, against 5.2S3.s77 In the
previous week and 4,463,se4 In last Year,
since July lsl.sl7.3Ss, against l73Soo.-
1853 in last season Corn exports for the
week and s5s.S?i In last wear; since July
1,sl4l2o, against la474.o1a in last ssse
son.