The sun., 1919-08-14
CORN Is DOMINATED
BY PROFESSIONALS
Profit Taking and Liquidation
Hit the Occasional
Rallies.
IRREGULARITY AT END
Estimate Of 100000 900
Bushels for 1919 Crop
Viewed as Too Low.
I%RREGULARITY AT END

The corn market was dun and narrow
yesterday, with prices easier. Trading
was mostly of a professional character
in line with that Of the last few days,
Tho market has settled down to a slow
midsummer AFFAIR. Many traders are
way on vacations. as is the case In all
markets at this time OF the year.
weather advices showed rains over
night in most parts OF the belt. The
weekly weather report was not so favor
able as expected, but did not foster any
buying. Reports OF drought came from
southern Missouri and the central plains
south Of Missouri, but the trade Is in
clined to think that the deterioration re-
sulting from this hot dry weather will be
small and the grain win show improve
ment.
Price Cttrrent's estimate that the corn
crop would not exceed 2.7oe, GOO 600
bushels was considered too small. 1t Is
generally believed that the total will be
nearer 1900. 600. 900 bushels. Consider
able progress has been made since the
Government figures were announced for
August 1.
Measures being taken in Washington
TO lower the cost of living are being
watched. The endeavor to reduce the
price of necessities is still a factor. The
economic situation was better yesterday
with the return to work of additional
railroad men. "
Receipts continue small, but Elevator
men say the movement Is increasing.
The West still suffers from q car short
age, which must be 'remedied before any
enlarged movement may be expected.
Bioomhalrs cables carried an interview
with q. j.. s. Broomhall. owner of the
service and living in England, saying
there would be a total surplus of wheat
in the world amounting to s4o,ooo.0o0
bushels.
Occasional rallies occurred in the mar
ket. but it always receded on profit TAX
ing and liquidation. Prices at the close
were irregular. with the late months
steady.
Oats were steady up to the last hour,
when they sold of. There was no export
demand. which accounted for the east
ness. Early strength came from buying
by professionals on the belief that a re-
duced crop meant higher prices. This is
Notwithstanding that the supply Is large.
A good sized demand for clean oats is
reported. Provisions were dull and easy
throughout the day.
Local quotations on grain. &c, follow:
WHEAT-A special B~roomhaii cable es-
n .a.oS s. 700 c s1p Sr.s surplus M,;, for current
eeANA WAN OoA1luo 9
quirements by importers not to exceed
10000, 900. and possibly not over $50, ooo.-
600. This estimats was based on the idea
that Germany. Austria and France will
likely limit cereal purchases in order to
buy meats. oils. fats. wool. &C. At Chi:
cago an active milling demand was noted
from Eastern and Northwestern millers
giving preference to spring wheat grades
Will prices 8 to 1Bc. higher on better
g grades and unchanged to &c. higher on the
lower grades.
CORN-A crop OF 400. 900. 900 bushsi
was indicated by the Price Current. com
Cash corn locally hrmer. No.. . yellow
c. 4. New York
OATs-Locai cash market frmer, q.
= follows: No, . white, $50 SIS &C.; No. Z
white. SIN o sse-; Noa = white, ste. al
elevator.
RYE.rirmes No. 2 Eastern! 'i.ssN'
BARLEY-steady. Feeding. 81. a.; malt.
Ing. il.I5. c. T. New York.
-. 406 40. @. Z. New York.
HAY-Quiet. No. l. &92.05; No. 3
t1sS9lssi No. .. s1.55Gi.ss; chipping
si.so 01.4o.
sTRAw-steady. No. 1 rye, ia q ton
INA DnTCEQ