Show ST STANDARD ANDARD FOR SWINE VALUES AFFECT CORN Conflicting Interpretations I of Hoovers Hoover s Statement I Causes Whipsawing Chicago Jan 27 Uncertainty i. as to what action bo be taken tomorrow regarding a government standard for hog IOS' IOS values alue during February had much to do with violent fluctuations fluctuation witnessed witnessed witnessed wit wit- today in the corn market Clr Cl sIng sIng s- s Ing prices of ot corn COln were strong at c to l c net advance with May 11 1161 and July Juh 11 1 to Oats finished unchanged to Jc 1 off oft and lo unchanged to a decline of or 1 From tho the beginning till Ull the end nd It ItI II I wn was a n whipsaw It l. l lOr C market mariet in corn rn mainly VL ii 1 I 1 lions Hons of or a no statement which Food Administrator Administrator Ad Ad- Hoover had I issued touch- touch In ins int the problem to bo leo solved tomorrow at the thea a Washington hl ton conference over o ho log hog prices Assumptions were general at first that the Hoover statement Implied implied Im im- plied piled main maintenance of ot the January hog basis Then a directly f opposite view became al prevalent nt and still later an another another an- an other complete reversal re of or opinion While b bears ar were temporarily in control control con con- the market dropped to 10 the lowest level lavel yet et tills this season for all deliveries except January Januar A big cut in shipping rates from the United States to Great II Britain aided the final upturn of ot the marke market t. t Oats displayed 11 Independent weak weak- I nesses flosses Neither etther exporters nor domestic shippers were bidding I Tho The only demand deman for foi provisions was from shorts Pork and ribs finished at te setback allowed for a 3 single day ClUb Cah Grain and Provision Corn Corn No 3 yellow 1 1 12 Xo No i 4 yellow No o. o 5 yellow 11 I I J 11 Oats Oats No oI y white 1 standard Rye Hye No 2 2 1575 Barley Barley 72 Timothy Timothy lI di lOJO d 1100 Clover Clover Nominal Pork Pork Pork-Noni- Nom inal al Lard Lard Lard- Lard 2247 Ribs Ribs 17 2237 I Future Grain Price CORN CORN- Open High Low La Close May ay 1 1161 July 11 11 1141 II IIa 11 OATS OAr May a 5 59 69 54 aU Sa 57 Jul July 56 37 53 53 55 J January an u aT f I 0 I May H 20 LARD LARD- January 2 2247 H 2230 22 2217 2247 l Ia May N c 2247 7 4 47 flIES flIES- January s 22 2240 40 May Ia s js 2060 2065 20 2042 42 20 45 |