The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-10-21
CORN MARKET Is
WEAKER AT FINISH
Closing Prices Are 9 Cents
Less Than the Highest Of
the Day.
OATS QUIET AND EASIER
Provisions Are Heavy, Lard
Being Weakest--Hogs Drop
With Grain.
OATS QUIET AND EASIER

Corn weakened yesterday afternoon
and closed at cents under the high
polnt Of the day. The opening was
steady and prices reached their best
levels during the first hour. Profit TAX
ing and some selling. due to declines in
hogs and hog products, caused later re-
action But there we're frequent rallies
until afternoon, when offerings increased
and futures softened. due, possibly, to
the fact that there had been too many
bulls in the market as sentiment had
leaned toward the long side for the last
two days. There are some who do not think
Il advisable TO bull corn when the new
crop is about ready for movement. They
claim that it never has been done and
that It is not proper to do II now. Con-
,inued unsettled labor conditions. espe-
cially at the seaboard, the Governments
announced reduction of meat prices and
teports that farmers in the Southwest
we're willing to sell corn were influential
factors in the selling. Possibility of a
coal strike which will impede traffic and
further hinder the movement was said
10 have affected the trade. A continual
ton of the bullish sentiment, short COW
ering buying by commission houses and
absence of hedge pressure accounted for
the early rise. Weather reports showed
improvement
opinions as to whether the farmer
will market his corn Immediately are
mixed. One despatch from Iowa says
that he will not be scared by corn talk.
Farm lands are high and the farmer is
making money. He needs cold weather
for his grain, A car shortage in the
West also hampers shipment and wheat
has priority in the movement Argen-
tine weather has become colder. which
should favor the movement Farmers
in that country seem willing to sell corn
At present prices as they will soon have
good crops of other grains. Liberal
amounts Of corn are available for ex-
port and all indications point to good
surplus at the seasons end The trade
IN Argentina, hopes for more business
with the United States but present firm
ness in rates makes such trade unprof-
ia yie
Oas were auiet and easier, and for
time showed a tendency to follow corn.
= dock strike has restricted export
I. and sales only for available ton
mage we're made to-day. There was
slight decrease in country offerings G. =
pected. The cash market was steady.
Provisions were heavy. with lard show
ing greatest weakness Decline in hogs
and grains with slow cash meat de-
nand were primarily responsible.
Local grain, &C. quotations Of yester-
day follow:
C0RN-In the local cash market No.
yellow and No.. white were quoted at
t.55a. cost and freight New York.
OATS-Ths local cash market was
steady. No. l white quoted at ssc.; No.
white, saw o SSc.; No. white, So "a s2hc.;
No. white, 81 4Sl hc. all elevator.
RYE--Market weak. No. Western,
Mss. free on board New York.
BARLEY-Market weak. Feeding, 1877;
mailing, 31.4s9l.fs. free on board New
York.
ACKNOWLEDGEMENTS quiet. New.
;SS0 per 100 pounds.
HAY-Market quiet No. /. i1.70e1,75;
No. 2. N:5s Ql:6si No. d sL26Vl.a5;
shipping, Sllb@l.25.
sTRAw-Market duh. No. ! rye, Slt a
ton