The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-27
Grain.

Chicago-Number mixed corn, deliv.
cradle at ~ cents discount, Is selling
at $3.50 to $l.54, or equal to about 3l.55
for the January. January in turn Is
selling at $l,45; February, siS9h and
the May sl.35h. This inverted pyra-
mid Of prices may be temporary, but
so long as that exists it is not to be
expected that the May at 20 cents I'M
der the price of cash will show any
weakness. Contract grades of corn In
elevator here totals only $4,000, 900
bushels. and there Is little prospects
| build up load on the market
| Thomson & Mckinnon.
Entire belt mostly cloudy tonight and
| tomorrow; rising temperatures north
west and west.
Chicago Weather map shows gen.
orally favorable conditions Cash mar
ket easier, with railroad situation in
Fast more satisfactory and car supply
| in West showing Improvement Cash
oats relatively firmer. with premiums
| increased TO 5n5lac over May for No.
2 whites, Country offerings light and
held at high prices.-Clement TO Curtis
g. Co.
cago--Tribune runs article on
| heavy amounts Of raw materials held
| at seaboard for speculation and export,
| Joseph Otis banker. back from New
York, says increased interest rate
equals an increase OF % per cent in
| silk, formerly worth s., is held for SIS
| per pound,~Wild
Chicago-Reports from the corn belt
so far largely indicate that the car
| shortage continues. Fort Dodge re.
ports some loosening up. Ticker says
| that margin calls on rye were sent out
last night and the lack OF foreign de-
lag L.,
| posted trader says ne would not be
surprised to see July rye sell below
July corn the same as II did last year
Wild to S. e. G.
Chicago-Demand for corn and oats
moderate, Local shippers still unable
| TO obtain permits, Illinois car supply
reported better, but grain is going TO
| other markets.
Chicago-There is fair trade In lard
| today Armour has sold close to a mil
| lion May. The buying has come from
commission houses on resting orders,
| and Schwarz, who took a half million
at "a cents. Latter looks to me like a
| big factor REM.
Chicago--It is reported that the East
| Is trying to cancel some corn bought
| for January shipment, and local houses
bidding $lH for No. yellow, or s
cents under the market.-Wild TO S.
& G.
| Chicago don't see how cottonseed
oil can remain within two cents of the
price OF lard. and think sales OF NAV
| cotton oil against purchases Of Nav
lard at current differences will shoW
nice profits before long There are
many vegetable oil substitutes for cot =.
tonseed oil. which do not compete in
the same way with lard. REM to s,
e. G,
Memphis receipts: Corn IS, oats 30
and hay q cars.
Hog receipts Chicago 1000. Omaha
| 10000, Kansas City 1900, Sioux CITY
l. goo, St Joseph $4,000. st LOUIS ii, 900.
| Chicago-Receipts Wheat Ga 600
corn 22l000. oats 1872 900. Shipments
Wheat io5, 900. corn 1875 900. oats 49,, 900.
st. Louis--Receipts: Wheat AZ 900
| corn 10000, oats lao 900 Shipments.
Wheat $1,000 corn 65.00O. oats l9i 900.
| Chicago--Hellman says Canadian 81
pound oats are offered here at one half
4 cent over May for delivery on open.
| ing navigation This is about four cents
under our spot market Munson to Nc
! Fail.
Primary ACKNOWLEDGEMENTS: Wheat