The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-11-24
Grain.

Chicago.-Acceptlng the government
figures on crop and o oarry,Syyer IRON m
prewar rate, we find about 7O,0OO,O0
bushels of wheat remaining for expoEt
in the next seven months. New export
business is averaging around 1000 900
bushels daily. This is not comfort
able showing for those who believe that
deflation is not yet completely. d M.
Chicago.--Julius H. Barnes, former
president Of the United States grain
corporation, who was in Chicago yes
terday, said: II think we have seen
worst of the liquidation in the grain
markets, security and commodities mar
kets. do not see anything especially
bullish in the wheat situation, but the
apprehension regarding the grain. and
commodity markets has placidly subsid-
ed The export situation is healthy.
Sales running around 100000 bushels
per day On the average. However, we
have not as yet used up our exportable
surplus owing largely to the fact that
domestic consumption Is smaller than
usual this season.
Chicago.-Estimated today hogs left
over IA, 1856. Average price hogs yester-
day $3.50 against $i2.45 week ago and
$500 year ago.-C. C. & Co.
Grain receipts-Duluth, wheat, 291;
Minneapolis, wheat, 4s5; Winnipeg,
wheat, SS4; Kansas City, wheat, 15;
corn. 81; oats, l.
St. Louis-Cars: Wheat. AZ local and
IS through; corn, 81; oats u local and
| Is through.
Chicago-very little doing in hogs
medium butchers. $1,000; quality. fairly
good. Wagner to Shepard & Chuck.
Chicago.-Private bank at Homer, Ill,
| in heart of corn belt, has failed for
| $3.50, 900. One report says 100000
pounds of January lard was bought
$12 and January lard at $14 represent
around 50 hogs. Western hogs. dropped
| so cents to 81 and are around a $3.50
average.--Wild to Shepard & Gluck.
Omaha.-Hogs SOC lower.
Chicago.-Local fresh pork resumed
| its downward course this morning with
drop of to cents per pound. Pork
lolns at 80 cents. are lowest for this
| cut since the early war days.
| Chicago. United Kingdom: Reduction
| in wheat prices by the wheat commits
sion is expected shortly. Merchants
here are able to offer at prices below
official rates.
Chicago.-Cargo of 10000 Canadian
| dark No / spring wheat arrived at
South Chicago yesterday.
Chicago.-Bartlett Frazier out with
| opinion that country banks-are loaded
and farmers must sell corn; The very
1
lack of confidence on part of break buy
| ers.-Wild.
Chicago. Winnipeg wires: Lots good
buying November wheat. Must have
been business worked some place
wild to Shepard & Gluck.
Chicago.-Main cause of break and
selling at opening was caused by fol-
are 100000 barrels of flour here al
Philadelphia, three elevators in distress
and losses terrific and final draft or
unpaid much more to arrive. ! under
stand same conditions prevail in other
terminals 1t will break up lot OF
mills.-O' Brien to McFall.
Minneapolis Mohall State bank, Mo.
hail. n, D., closed.
ChIcago.--Wild says: On account OF
big receipts Friday believes March
wheat will sell at $1.47 and May corr
at zoe.
Chicago. New York wires 1000, 00(
wheat worked to Spain and Italy,
Chicago Thomson McKinnon's Wien,
ita, Kas., office wires: "A plan of ad-
vancing farmer a dollar a bushel or
wheat with contract that he can de-
to have been adopted by large line ele'
Vator houses and mills. This will move
considerable wheat and stop lot of tall
about forcing farmers to SELL"
Stock.
New York--Nationa1 City bank, New
York, places $10,000000 at disposal Of
Cuban sugar planters. Great pressure
NJ be brought on congress next month
Ifor immediate legislation to aid bust
ness, tax reform and foreign trade pro
motion up; shoe prices cut ~ per cent
in St. Louis; United States government
holds over>$11 900 100000 of foreign Sc.
curities. Wall Street journal: Reading
road orders 10000 tons of rails; Cars
panic in sight, smaller profits ahead
labor IS per cent unorganized.
New YorkAA leading banker ex
pressed opinion that big liquidation II
Lover. He acknowledged there are tw,
or three sore spots in the market; say
that these will be undoubtedly takcr
| care of-HensleY