The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-01
CORN PRICES FIRM
IN QUIET MARKET
After Nervous and Irregular
Session Quotations Go to
Higher Levels.
TRADING is FEATURELESS
Offerings Are Scarce, While
Dulness Characterizes the
Days Dealings.
TRADING is FEATURELEss

Corn prices were firm In the afternoon
after a nervous and irregular morning
session yesterday. The market was
dull and featureless with offerings
scarce. Publication of the visible sup
ply figures. showing slight decrease
instead of an expected increase caused
little buying. The supply OF corn Is
low and many bought believing that the
present stocks would not hold over
until the new crops should be harvested.
Ind cations point to a decreased acreage
of the now growing grain which Is
heartening to the bulls. The Clement
Curtis report was about as expected ana
showed decrease OF four mill on IN
the acreage. While there was no buying
on the report. 1t stiffened the morale
of the longs. Cash prices were better
and Influenced the advance no little Dit.
All efforts to lower prices were WITH
out avail, for offerings were ABSORBED
quickly by commission houses and shorts
rushed to cover quickly The expecta.-
tons are for moderate receipts ana
| light delivery on July contracts to-day
because of the small contract stocks In
Chicago.
Favorable weather and weakness in
hogs were responsible for the easy tone
at the opening The weather had been
good over Sunday, with rains In the
dropped 20 points Heavy purchases
by the commission houses and the shorts
caused a reaction and prices went up to
| the days high levels Prices fuctuated
| freely In the middle OF the morning, only
| to firm up at noon and remain In that
position until the close. There Is
strong feeling that cars will be scarce
when 1t comes time to move the crop,
inasmuch as wheat will be moving al
| rvst. to AAfa fi
to influence the action OF the corn mar
ket. The attitude Of country holders
will also have some effect.
| Oats eased off in the afternoon due
to the surprising increase In the visible
supply, nearly 100000 bushels. First
! reports told OF n difference of 100000
bushels between Chicago and New YORK
| figures, but later II was found that the
increase was Nbut $4,000 bushels In
stead OF 100000 as some announced
Professional selling. good weather and
crop advices caused the early morning
| decline.
Country offerings and receipts were
FAR. The cash market was dull and
steady. Provisions were irregular and
little affected by the decline In hogs
This drop was Offset by the strength IL
grains and the light offerings Pori
was under pressure and closed at loss
Lard showed a gain.
Local cereal. &C. quotations follow:
CoRN-In the local cash market No.
yellow was quoted at S.g6&: No white
3l.97x cost and freight New York.
OATS-No. ! white. TsQ7Shc.: No.
white. TN G7Sc.; No. white. 77a77hc.
ali elevator.
RYE-No. Western. si5l. cost ant
freight New York.
BARLEY-Market steady. Feeding
$1.2l: mailing. tl.26, cost and freight New
| York.
BUCKwHEAT-Sound milling. s33
nc Tuinal, cost and freight New York.
HAY-No. !, 32l59?2o; No. 2, Sea:.io
No. >, sl.sodl.9S; shipping, S.75.
sTRiw-Market quiet. No. l rye, 81
OILS per ton.
CHICAGO PRICES