The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-03-25
Grain.

Chicago-Ticker says: "a statement
from the district attorney that there
was nothing to investigate in regard TO
the advance Of corn, had some effect
on sentiment In grains and with wet
weather over the BEN 1t took but little
buying to advance prices"
New York wires: Argentine port sit
uation reported near normal though
strikes still exist some districts Tx
ports from Argentine port week esti-
mated: Wheat, 5,S65,0O0; corn, 2,000,-
900; oats, 100000"
New York wires: Argentine tonnage
very weak. Supply berth room plenti-
full. Spot room obtainable IS cents a
bushel for steamers and IS cents BUSH
ell for sailers. Corn can be brought
to Africa for about $l.45 for steamers.
Sl35 on sailerss
Chicago--Jackson, with Pynchon &
Co, says: Probably the most bearsh
feature in the corn situation is one
which must be eventually effective on
the intrinsic value is the heavy accu-
mutation of lard, which is corn in "A
manufactured product. These stocks
OF lard are so large that almost broker
rates of insurance are being charged
for carrying them, and they keep ac-
cumulating. Lard is getting active
competition from substitutes. An inn
mense foreign demand is imperative to
dlSpOSS VI our surplus
Forecast Grain Belt. Kansas unset
tied and colder tonight. Friday partly
cloudy and warmer, Balance unsettled
tonight and Friday rain or snow.
Warmer in Dakotas.
Chicago-The break in corn was on
reselling by New England jobbers about
3 cents below the market for different
shipments up to October The break In
lard had some effect on corn, lard bears
talking large stocks and no outlet. Lee
count reports wheat poor and thin
around Dodge City, Kas.--Wild to S.
& G.
Observation-Disclosures in provisions,
accumuatons. especially of lard, are
enormous, and discount for cash arti-
Gle is extreme. The whole provision
situation is very bearlsh and may in
time affect the corn market.-Babcock
to Clark IL Co.
Chicago--A report that cash corn was
| being bought at Omaha and hedged at
Chicago responsible for the selling that
carried prices off so sharply Omaha
cash prices yesterday were about a
| full shipping discount as compared
with March here Local shorts covered
early and support was rather limited
on the way down. G. & Co,
Chicago-A little selling of July corn
at the open, but the market acts well
|
| Kansas. The Clynde statement that
there are no signs of manipulation was
an opening factor,-Wild to S. & G.
Chicago--All food markets with few
exceptions have thus far resisted eff
forts on part of the government and
others to force declines without in
creasng the supply This has created
an uneasy feeling and an erratic action
of values Trading has slowed up, as
there is no incentive to extend lines on
either side under existing conditions.
This makes a good trading market with
sharp price changes within liberal
range great deal selling Of corn
was on late yesterday on the break in
stocks and the report that federal re-
serve board was to be given more pow
er to restrict speculative loans on
grain and cotton. So far as specula-
tive loans on grains go, there liz never
any large volume. Tribune.
Chicago-A statement from the dis
trict attorney that there was nothing
to investigate in regard to the advance
| In corn while only confirming the opin
ion Of the trade, had some effect on
sentiment in grains and with favorable
weather over the belt 1t took but little
buying to advance prices sharply, corr
1 being up about one cent. Above Sl.5i