Salt Lake Tribune | 1918-11-25 | Page 8 | Higher Corn Prices Seen

HIGHER CORN PIES SEEN Many Believe Demand Will Increase and Wait on This Forecast. By JOSEPH F. PRITCHARD. By Universal Service. CHICAGO,'. Nov. 24. Farmers have fully -made up their minds that the best movement to be made in their own interests in-terests Is to sell at least a part of the new crop of corn, and to dispose of all of the old corn. Thero are' many possibilities in this grain, how ever. These include - higher prices because of the Increase in the demand for the cash article. A -few conservative speculators on the board of trade are awaiting developments in the belief that the, demand for corn from abroad will be keen and that in a short time the stocks of Ibis grain In the western markets, as. well as ,tho seaboard, will show a rapid falling off. Considerable.com has been taken to the seaboard for shipment to the stricken areas of Europe. This corn has been mainly in the manufactured state. There was a falling off in the receipts of corn at primary markets last week, the total footing up 3.1S4.O00 bushels, which was 700.000 bushels smaller than the previous week and 1,04 4, OuO bushels smaller than the same week last year. Week's receipts of wheat last week showed a further falling off, the total arrivals at primary markets during that time being 7,265.000 bushels, compared with 7,40r.000 bushels the week before and 6.8SS.0O0 bushels for the wimc period last year. The shipments, however, show that the food administration is placing large quantities of Ibis grain where it will do the most good toward feeding the largely increased number of people across the water. The shipments were H.IiyO.OOO bushels during last wet?k, which was 7.0G7,W)0 bushels larger than the week before and l.-JfSJi.OOO bushels in excess of the corresponding period last year.