The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-09-21
Grain.

Chicago Herald and Examiner says;
This corn crop is made and unless farm
ers resume feeding live stock its value
will be seriously deprecated, said d. D.
Cutler, general live stock agent of the
Chicago Northwestern system, who re-
turned yesterday from trip through
Iowa, Wisconsin and Minnesota. Not
only is THE new crop a bumper one,
but the country is full of old corn. You
can buy it at 81 bushel in Iowa and
the price Is headed to rs cents, If not
less. Bankers realize the danger and
| instead Of refusing to make live stock
loans are urging farmers to borrow
money to put in cattle and sheep.
| Everett Brown, president of the Ma
| tional Live Stock exchange, returned
yesterday from Europe. Germany Is
| starving" he said, while North Amer.
| lean packing house cellars are full OF
| meats and lard for which no outlet
| exists. &C. C. & Co. to McFall.
Chicago Foreign demand for wheat
| and reluctant selling by the farmers
have been so widely proclaimed that
| there probably is no short interest in
| the market. 1t is felt that importing
countries have supplied their needs until
| Southern hemisphere crops are mar
| keted. Corn will not have any impor-
tant rally so long as the country con
tinues getting rid of the old crop. Sales
| on all DuiBeS seem 10 OIIer tne DeSI OuJ-
| look.-T. & NJ. to Clark G. Co.
| Chicago.-we have had very large
lbreak and | would not be surprised al
much lower prices later on but corn al
| OF means 80 to SIS cents on the farm
| and it might be that the farmers will
not be In any great rush to sell al
/ these figures. There is no good reason
| to look for more than good rallies which
will come. The local trade here is toe
1 l. ss.I o n
corn, would not care to press sales OF
| weak markets.-O Brien to McFall.
Chicago.--A little scattered commits
sion selling in corn but nothing promi
nent. Larger houses which bought free
ly yesterday are buying again today II
small waN-Babcock to Clark & Co
Chicago.-An Algona, Ia, elevato
bought $4,000 bushels new corn yester
day for December shipment at So cent
to producers
Chicago is affected by corr
weakness and slow export demand
Meanwhile wheat bulls are rehearsinl
all the old news about Germany AM
Russia being without necessary foo
reserves.-Wnd to Shepard & Gluck.
!, Chicago Raymond thinks whea
weakness is due partly to serious turf
in probable English coal strike.
New York.--Cashy handlers OF pur
lard report falling off in demand
buyers cotton oil now refusing to fol
low upturn. Export business in butte
oil still fair, but belief is that thi
buying Is nearly over. Oil shows n
special strength except on nearb
positions which hold firm on supper
by certain interests-F, & B. to W
&c.
New York; have just seen sample
Argentine corn here. Looks fine
quoted $3.50 fob. here. All you want
Good people here very bearish.--Mans
field to Clark e. Co.
Grain belt forecast is for unsettle
conditions but without much If an
rain. No cold weather in sight.
Message from omaha says: Have fol
! lowing from Sheldon. Iowa: Corn Gro
from here 10 Emmetsburg is about 8
per cent safe from frost. Elevator in
terest this section fun of oats and cor
and farmers want to sell regardless G
price,
C'hicago,--E. w. Wagner says basi
"a cents for picking. Smelling, elevate
profits and freight to Chicago the farm
err may get rs cents for No. corr
: This means corn will be fed to hogs
Chicago --Temperatures will dro
"Wednesday night but no cold weatht
is In sightA Iowa has sold some me-
corn at 30 cents Stockyards man pre-
idiots 10 cents for winter hogs. Whca
has been affected by the Italian labo