Evening star., 1936-11-08
.9-YEAR PEAK SET.
BY CORN FUTURES;
OTHER STAPLES UP
December Contract Touches
$1.04X Per BusheI on
Chicago Market.
EGG PRICES AT HIGHEST
MARK SINCE LATE 1882
Industrial Metals Climb Further.
Associated Press Index Goes
to New Years Record.
BY the Associated Press.

By the Associated Press.
CHICAGO, November Corn fu-
lures scared to 9-year high today
to lead price advances by several i'm
portant farm commodities.
With December corn touching
$1041s per bushel on the Board of
Trade, the highest price paid for the
delivery since 1927 was attained.
A year ago December corn was
quoted at SO cents.
Wheat. oats, rye, provisions, butter
and eggs were other major commodi-
ties in which gains were scored.
Although the live stock markets
experienced the usual quiet Saturday
session, steer prices were at the high
est level in eight months and hogs
at the best level in three weeks.
Corn stole the commodity market
show, however. with sensational ad-
vance of 4 cents a bushel in the fu-
lures pit, the limit allowed in any
day.
The peak of $104ls for December
corn eQualed the high established by
that delivery in 1929, but was 16 cents
below the summit reached in 1927.
Farm Incomes Helped.
An advance the past week of ap-
proximately 10 cents bushel in the
price of December corn, which repre-
sents the 1886 crop, has added almost
500 900 900 to the value of the har-
vest, traders said. The domestic crop,
estimated at l,505, 100000 bushels, is
the second smallest raised in the
United States in half a century.
The activity in corn was believed to
be based on traders realization of the
small supplies which may be available
for delivery on contracts. December
corn must be closed out in the next
seven weeks. At the same time there
was talk that the marine strike might
shut OF importations from Argentina.
The corn price skyrocketing invited
heavy profit-taking sales and the
market tumbled back about cents
at times, but corn closed 4 to 3 cents
above yesterdays finish: December,
sl.o2 y -l.o3. Wheat was unchanged
to u higher; December. $l.15B-A,
and oats gained A-a; December, 43.
Egg Quotations Jump.
Soaring 2 cents a dozen on top Of
yesterdays ~ cents advance, egg
prices were at the highest level since
November, 1882.
Chicago wholesale quotations
ranged up to IS cents a dozen, paid
for extra firsts. Fresh graded firsts
were 81 cents. A week ago extra
flrsts were quoted at 311a, a month
ago at 26l2 and late in June they
were as low as 2074 cents.
Traders attributed the price ad-
vance partly to light supplies and in
dications that cold weather had cut
production. Midwest collections in
the week ended october 81 showed q
drop of more than IS per cent COM
pared with year ago. Poultry mar
keting has been heavy
Egg futures scared to new peaks
for the year, December contracts be-
ing quoted up to 28 cents a dozen, 6
cents higher than year ago.
Metals Again Rise.
NEW YORK, November THE ad-
vance in prices of industrial metals
was extended today. Zinc, slow to
move, finally joined the parade.
The American Smelling e. Refining
Co. posted an increase of 10 of a cent,
making the new price 495 cents a
pound, East st. Louis, the highest
since August, 1888.
Export copper pressed ahead on a
rise which has added more than
cent pound to the price in recent
weeks. Red metal for foreign Ship
ment was quoted in trade circles at
1895 cents pound, highest since De-
cember, 1880, against 1915 to 1880
around the close of trading yesterday.
Daily Index at New Peak.
The Associated Press weighted
wholesale price index of IS COM
modities today advanced to 1918. q
new 1886 high.
Previous day, 1906: week ago, sc. 90:
month ago. 81.21: year ago, 1896.
Range of recent years:
1886 1885 1884 1888
High ----- S3.06 1858 74.s4 6e.23