| Show GRAIN MARKETS FEATURE Wall S Street t r e e t Satisfied With Democratic Choice By fly y Sro P WEST Special p to The Standard Copyright 1924 by The Con Consolidated Press Pres Association NEW YORK July The 12 12 Tho Th not not- notable notable not not-abl able occurrences occurrence oc of ot tho week dust p ed have not boon beon In n the Hie see se security markets or In the tho foel n exchanges or In 10 cotton or In the I happenings happenIng at CM r They have bave been beer In the thc grain 1 nl and especially In corn It I is not usually good rood to describe a rise rlee rl o In n II commodity a 1 a favorable thing thine which n based principally upon accidents accident of bringing about short In supplies nut Cut the th In Inthe Inthe th the States State Tor reI the th pMt past past two to years en ears h has haq been excessive Uon lion of o wheat hoat and on this account too large laree e a n raising of grain erain crops as aA a II whole hol cutting down of ot out out ut put fo for whatever cause ha has been In the Interest or op 0 the th CORN roRi COn AT 1 TOP TOT PRIOr PRier The Thc wheat hent growers Brow r reduced their arl Ie unde under much UI king from tho the community Olt oit ort ort- side Ide Ide Corn growers crower did not Ie theli thelt planting but the th bILl bad weather eather of the tio late elv summer ummer cut the th yield b bs SOO bushels buhel as with tho the mcrae a eraSe ft of f late years ear In addition there Is an aD 1110 m small carry r and nd there I the th fact oct now alwa always that ue uses u c for corn whether or tn In the fOI m of I corn ted animals animal are are ar 1 the Ihl time with the th increase p in I old These Thes are ar tho the ons back of the e aty ad adnee nee in prices The Ju Juo Jui orn option has IJas risen since tince the last lat 1 seeh seehof pl 1 of ot May Ma nearly 30 20 cents cent In tIe bushel Cash Cah Ca h co coin n I Is selling hl hi- hi high higher I er or than at any nn time Urn Urn- om alu alues alus were ere till till tillin in jn their period of nf war post Inflation r rn r ro The Tho Jul Jut Juli wheat heat option s IL ue ic the tho list of June has hu anred ad JOe 0 10 a ahu 1 hel and ond this In pIe C o 0 h tact that th the wheat crop prospect t q idl q dl cloie ed 3 In the late latet gos 0 el ci report are ar much mojo mOl moi tn Ie they were a a month ago also Tle TJ-e Tl wheat heat yield In this thi 1111 coun- coun country ti coun-ti- tt try Is Ie thin ihn thina a 1 year ar ago aeo For tho the world orld tether gether It I Is Ie- Ie less lea These Thee differences difference are ar too to gh gie e an ans that th t the un- un p pro o em In wheat prices I 1 to 10 continue But Rut there ther has hns some decided Kiln gun In and t t- t llon alon wilh I h the extraordinary ary rise In coi coin n the beUr outlook 1 for or the Ils 11 e locK Industry and the 1 prices obtained for tor future futuro eo the new cotton crop I males the holo fuming firming po rm the moot It ha at any stage stag tas this year icar 01 and Ind Ind-edor Ind e 1 I for enl e 1 S WITH 11 T P 1 VI I IThe The fJ community hn has let letI letu letup letup I u up I for or the time b being ln In Its Inte est cit et In politics politic It has haA h not I ecu so much concerned w It Ith II the tho Den Den- Dem Democratic I nominations nomination thee cre were ere regarded th satisfaction a- a aIt ait a aIt It ha has with nith th the th- rise In the chances chalices which tIe the th practical man In tn the he street has ha given to o the th R n candidate The Tho market odds odd h hse hn e of often ton In tho the past put proved very rI- rI Cl Hr c especially at thi this euly toge of ot the th campaign Stil Stir they the hue hie undoubtedly counted in the tle of the th stock tock exchange eIn la In the tho operations of the last wae week w The Tho which steel securities so 1 0 showed ed to monthly figures of o unfilled ton ton- ton n ge on tho the book bool books s of o the U 75 S Steel Stel corporation wa was a a striking incident The Th total was brought do down n to the lowest since the th very vt depressed period just jurt after fter the of o the war TOils vas was an- an another an another other cane ea-e ca where Whre trade n of en nature has ha found the treet rather p prepared or conti confident dent that It represented only onh n a temporary tate state late of things thing One gets Ieh a constantly keener Impression sion sion lon from current report that th r reaction toward the coso coso cosof of March WM one o of the sharp harp sharpest est eat In some soma line lines which the has eer e known PIE CReDIT Yet the fact that there ther ha had been blen no excessive accumulation of good on hand and nd that there ther wa was waft an e x trao of credit made the th situation quite from that o of other perlo periods ot of In- In In decline It made t certain taut tain that the th decline coil coull not nota last t long lone as compared compard with other years year like Uke 19 1921 1 21 where inhere here serious existed Le Less Leis rid nt was as eVen ven than flit thU of e year ago All AU that wn was was II for tor production to be cut d ci n sharply 10 so as a to meet moet the th attitude of con consumers mer which ws w's w s to buy only for barest needs need To all appearances this saU scaling dow do don n of output has hag gone about far farenough farenough enough July Is I no test it Is normally a 1 season eMon of ot and But the business corn eom- com mu nit will be bo surprIsed If August does doc not bring brine a II change chang and financial opinion coincides with bythe this view as demonstrated by bythe the use its on the tho th stock exchange |
