The New York herald., 1920-01-27
FURTHER DECLINE
IN CASH WHEAT
Drop in Milling Demand
Causes Five Cent De-
crease Per BuShel.
CORN HEAVY AT CLOSING
Oats Decreases $4,000 Bushels for
the Week-Rye Market
Weak.

The market for cash wheat experienced
further decline of 5 cents per bushel
during yesterdays operations and prices
were down about so cents from the high
point OF the month The decline was
said to be due to a falling off in the
milling demand for wheat. owing to the
fact that mills were unable to secure cars
in which I, ,p flour from the milling
centres. The flour market was also
lower and, while the present weakness
in the situation may be due TO transpor-
tation conditions, it was evident that
there was an abundant supply of flour in
all the leading markets and the demand
was very slow. Spring wheat patent
flour, which a short time ago was COM
manding from sl45O to Sl5 barrel,
was obtainable at $l3.75 to $l4. and
buyers were little disposed to make new
purchases at the lower figures.
The corn market sold at the highest point
Of the day around the opening, when there
was quite active covering by January
shorts continued light receipts and
prospects OF further unsettled weather
over the West On the advance, however,
increased selling occurred and throughout
the greater part of the day the market
ruled heavy, closing net unchanged to CSC.
decline. The weakness in wheat and rye
had considerable influence, and the rail-
road enTbaryos against a free movement of
grain TO the East were also factors in the
situation. and Western cash markets were
easier. Exporters were inquiring here for
moderate quantities of corn, but appeared
TO want the grain for early shipment,
which sellers were afraid to offer The
visible supply increased 900 bushels for
the week. bringing the total to 3,496, 900,
compared with 5,474,0o a year ago. In
the local cash market No. yellow was
quoted at sl70M: No. mixed, s1.6sh, cost
and freight, New York, ten days ship
ment,
The oats market was influenced by the
action of other grains, and during most
of the day was heavy. Offers, however,
were not large. and the visible supply de-
creased ST. bushels for the week. Rail-
road embargoes and weakness in exchange
checked export business, but sales were re-
ported of 10000 bushels for April shipment.
In the local cash market No. l white was
quoted at $L011a; No. white, s101; No. 3
white. 81; No. white. 99c., all elevator.
Rye market weak; No 2 Western, $1.S5la,
free on board, New York. Barley market
easy; feeding s1.5i; mailing, $1.6o to $166,
free on board, New York.
Buckwbeat market dull; milling, s3.25,
nominal. per 100 pounds. Hay market
quiet; No. J. s1.75 to $3.50: No. 2, s1.65 to
st.7o; No. 5, s1.5o to sl.55; shipping. s1.35 to
s.i5.
CHICAGO PRICES.
RYE.
Open. High Low. Clos; SATURDAY; q.
Nav 80. 81 72M St.7215 81 CO.'S "i.69M i.7sT
July 1.62la 1o2la 1.6o5 1.6t 1.62A
CORN.
S#ifs:!: Ny #iS Ra sa! fss: 5 Iss
OATS
May 90. $50 sSA s2a s3M SSh
July $50. as 76 7Jh Ij% 75IS
INTERIOR RECEIPTS.
Wheat. Corn Oats.
Today .......... ,032, 900 1OS4 900 S76, 900
Last week ....... 4O2, 900 ]. .O93. 900 i 0S0 600
Last yesr.... ..... 1,o99.ooo 1.39s,OoO 1,515.c0o
sEABoARp CLEARANcES.
Flour. Wheat Corn.
Today ............ 216,Oo0 $1,000
Last year. r.......... 5000 $1,000 -