Show I 1 LOWER TREND IN CORN MARKET Reported Cancellation Big European Contracts Is Reflected in Review v Chicago Jan IS Rapid downward s swings in the tho corn market arket have taken taken place this week chiefly owing o to reports reports re re- re ports that tha t Great Britain and France Franco hud had canceled big ble contracts for fop food tood supplies In th the United States and that corn prices here hero and In Argentina would be brought nearer together Corn quotation Quo quo- tation this morning compared with a week ago o were vere llo down n to Se Sc Sc oats ats of ot off to 2 c and provisions varying from decline to a rise of ot Bearish sentiment dominated the corn market tho thic greater portion of ot the time after ater word camo came of ot the time action of ot Great areat Britain and Franco France regarding food contracts con con- tracts especially as 88 the news was al aI almost ul- ul most simultaneous with announcement b by the tho United Sta States es food tood administration lion ion that all possible steps were were- being taken to reduce the tho cost of ot living a lIving a statement which was later construed rs ra having haYing close relations with United States government offers to sell wheat to domestic millers and with with- notice that licenses would bo be given biven freely for lor I Imports from Argentina On tho the other hand shipping chipping delays In Argentina to toc together to- to c gether with renewed curtailment of ot tho crop movement from tho the farms In this country acted as a a. check on tho the bears Oats weakened with corn Provisions ro l were depressed by grain and by continued continued continued con con- big receipts of ot hogs |