The sun., 1919-06-24
CORN MARKET HAS
, FIRM UNDERGONE
Prices Move Irregularly, and
I After Advancing React on
Profit Taking.
HOGS DECLINE AFTER RISE
Oats Weaker, Following Early
< Strength, and Provisions
= Also Drop.

Prices In the corn market were irreg-
u,.y with q firm undertone yesterday.
tina market opened irregular on the
advance In hogs. prices advancing on
IN, covering movement and buying by
commission houses only 70 slip back
during the noon hour on heavy pront
taking and hedge pressure. The close
was Arm, shorts covering heavily In the
o.,,ef that the treaty would be signed
Inv Germany before to-day's opening
.Yors. which proved one of the main
supports Of the early morning. when
the distant options touched new high
figures, weakened later In the day, caus-
ing selling in the corn market. Another
strong bearish factor yesterday was the
,oft cash market, due TO the light buy
ing by the industries. Sentiment
throughout the day was mixed. Argen-
tine news was decidedly bearish, one
OF Broomhalls cables announcing that
the officials OF the Buenos Ayres mar
lst had decided to tolerate Is per cent.
.veevil In corn deliveries on August and
September contracts. 1t said further
that deliveries containing weevil. up to
10 per cent also can be made, but bene-
relations will be required. Trading
throughout the day was quiet with con-
siderable evening up In the morning by
those who preferred to walt and see
what the market would do after the
Germans should have signed the treaty.
Weather reports showed rains In I'LL
nois the Northwest and the Southwest,
which are bad for the crop Reports
Of the growing crop were favorable.
The country offerings have increased
and expectations are that the move
ment will increase during the next fev
weeks, The increase OF moro than
$4,000 bushels in the visible supply
slight increase was anticipated. A
Presidential proclamation removing all
restrictions in trading Is expected to
follow the signing OF the peace treaty.
This was interpreted bearishly at noon.
There are various opinions In regard to
the export trade, some believing that
the Central Powers will need consider
able grain. while others arc Of the opin-
Ion that Mr.. Hoover 10 right when he
says that they would have suficient for
themselves
Oats, after opening Arm In sympathy
With corn and heavy buying, eased
up on commission house selling and the
weakness In the cash market. Heavy
rains In parts OF the belt caused some
short covering. but crop advices. on the
whole, have been better In the last few
days. In some quarters q broadening
foreign demand 10 looked for. Provis-
ions were strong on the advances In
hogs until midday. when selling orders
BY the packers caused a weaker tone.
Local quotations follow:
CORN--In the local cash market No. Z
yellow was quoted at y7.ol and No. , white
a t2oi, cost and freight New York.
0ATs-Ths local cash market was
steady; No. white quoted at ave: No
J white, tf8s2Hc-: No. white. SIN q
lie; No. I white, si9sfhc.. all elevator
RYE-Market steady. No. Western
IVA. cost and freight New York.
BARLEY--Market weak. Feeding. r.72
mailing. ti.7s. cost and freight New York
Market dull. Sound
milling. ssib. nominal. cost and freight
New York
HAY-Market quiet. No. /, t2so02.s5
No. ., si.i5822o; No. .. tl.s58i; ship
p!ag, ti,s0
sTRAw-Msrkst dull. No. rye. tl4G
CHICAGO PRICES