The sun., 1919-07-11
PRICES FOR CORN
REACT AT CLOSE
=
July Early Sells Up to 1919 1-8,
: Establishing a New High
Record for Month.
REALIZING ESGAINS
Oats Are Irregular With Firm
NEUTRALITY-SUSPICIOUS.
Finish Down.
REALIZING REDUCES GAINs

The corn market was irregular yester-
day. prices closing at their opening
levels after a morning rise to within
range Of the coveted 81 mark. July corn
sold up to S1.99h, establishing new
record for that month. while September
equalled its previous high OF s1.ss. De-
cember failed to follow the near months,
pressure being exerted on that delivery
owing to the bullish Government crop
report and the favorable weather ad-
vices. There are many who hold that
the difference between the price of the
September. and December deliveries is too
great. Realizing became heavy in the
afternoon, wiping out early gains.
Offerings were taken readily; thus show
ing the confidence the trade has that fu-
lures would sell higher. The Govern
ment report had little effect on the near
by months, because of the lightness of
the stocks and the fact that there Is lit
tie. IL any chance THAI they will increase.
Even though the market has been the
greatest bull affair In history and
prices the highest known, II is still being
supported heartily. While reaction
might be healthy, selling restrictions
make 1t difficult.
Opening prices were easier on liquida-
ton. due to the favorable Government
crop and wires telling OF good. weather
over the belt. The selling was checked
early by covering and buying on the
strength in hogs and the scarcity of
offerings Many stop loss orders were
uncovered, but were found difficult to ex-
ecute. Prices mounted steadily during
the late morning only to react on heavy
profit taking in the afternoon. The real
king continued to be close, but at no
time did the market show signs OF weak
enlng. Another cause for the easing Off
was the failure of the cash position to
follow the advance in the futures. Hogs
sold up to another new high price. The
movement is small and will remain so
because of the small stocks and the fact
that farmers will market their wheat
first.
Oats were irregular with a firm under
tone. The opening was easier, due to the
drop in corn and profit taking, but
prices rallied on commission buying. The
unfavorabe Government report and the
fact that II is thought that crops have
lost since the compilation of that re-
port, was one of the chief factors in the
frmness. Export demand is heavy. sales
yesterday being estimated at 100000 to
1000, 900 bushels. while those of the last
three days are said to be around 3,000,-
900 bushels. Oats. continue to attract
attention because Of their cheapness. Pro-
visions were dull and steady during the
greater part of the session and sold off
with the grains at the close.
Local grain, Sc, prices follow:
- CORN--In the local cash market Ameri-
can corn No. q yellow was quoted at
s2llk and No. whits at s2.l5k. cost
and freight New York. =
OATs-The local cash demand was
somewhat less active at the advance, but
prices were nrmer; No. white quoted at
SAKE: No. 2 white, sac Sac; No. white,
SAG s3c.; No. white. 81 q sac. all elevator.
RYE-Market frm. No. Western,
Sl.e4. cost and freight New York.
BARLEY-Market frmer. Feeding,
80: mating. l.36, cost and freight
New York.
observation-disclosures frmer. Sound
milling sass, nominal cost and freight
New York
HAY-Market barely steady. No. 1.
S205Q2l0: No. 2, S1.so6195; No. g.
Si.ss to 3l.75; shipping. $3.50.
sTRAW-Msrket dull. No. rye, ;l4 q
ton