The Bismarck tribune., 1930-12-06
S70P-L0SS SELLING
PUSHESCORN DOWN
SCENTS PER BUSHEL
Impetus to Selling Gained Head.
way From Big Receipts
at Chicago

ShNnSO, DSC. o.-Hl- uElyleU
down by stop-loss selling on the part
Of holders, corn today dropped to
about Sc a bushel lower than prices
three days ago. Impetus to selling of
corn gained headway from big re-
celpts. especially at Chicago, Omaha
and Kansas City as compared with
last weeks arrivals. Besides, the Of
ficial forecast pointed to generally
mild and fair weather conditions
throughout the coming week. an out
look indicating continued liberal
movement of corn to market and a
1et-up in feeding demand.
Corn closed weak 1H-2c a blShel
under yesterdays finish. December old
74Ss sc. December new 74Ac
Wheat closed irregular at lac net
decline to sc advance, December old
II. December new TIC.
Oats a-1,sc off. and provisions un-
changed TO l5c down.
DrizZlirg rains today and milo tenn
peratures over domestic winter wheat
territory attended to dispel any anx-
iety as to prospects for winter crops.
and led to speculative selling nres-
sure on the July delivery. This de-
livery appeared to be without any
buying from the farm board allies.
who, however. steadily upheld other
active deliveries. all of which repre-
sent wheat available for immediate
use. whereas July wheat is still in the
ground Meanwhile. the upward
trend of old crop deliveries Of wheat
nouncement that the grand champion
carlot of fat cattle at the Livestock
show here was wheat fed.
Downturn OF corn values today
went hand in hand with word that
arrivals Of corn in Chicago today
amounted to 254 cars compared with
only 81 cars week ago. Beside. corn
traders continued to show disuuiet
over assertions that offerings Of Ar
gentine corn both to Pacific and At
lantic scabcard sections of the United
States are on practicable shipping
basis. Talk was also current that
corn prices were unlikely to raise
again above wheat prices. as such ac-
ton of the corn market would force
increases Of wheat and other grains
as substitute for corn as feed.
Oats declined with corn.
Provisions reflected weakness Of
hog values.
Weakness of the corn market was
intensified by the fact that primary
arrivals of corn today decidedly out
did in volume the primary receipts
not only of week ago but OF a year
ago as we'll Primary arrivals Of corn
today were l,240 900 bu.. week back
$4,000 bu.. and on the corresponding
day in 1929 were 10oS,00O bu.
WHEAT FUTURES START
FIRM BUT TURN DULL
Minneapolis. Dec 6.--L41-Wheat
futures started firmer here today but
turned dull and trade was extremely
light and featureless for the first
hour Later there was increased
pressure because of weakness in corn
but the stabilization corporation
started buying and both December
and May wheat closed unchanged.
Corn futures were weak throughout
vais. Barley went into tai.Spln near
the close and was off about two
cents. Oats also had spill near the
close.
Rye futures we're affected by De-
cember liquidation. Flax opened &c
lower and declined " to &c. There
was little pressure.
Cash wheat premiums finally de-
clincd cent when one Of the big
milling companies virtually withdre"
from the market.
Receipts were light. Winter wheat
was unchanged. Durum was in quiet
to fair demand.
Cash corn receipts liberal but in
fair demand If fairly dry. Oats oe-
mand was good. Rye was much
weaker on account of heavy receipts.
Barley of mating quality was strong
hut feed grades were slower. Flax Of
ferings were light and in good crush
Ing demand.