Ogden Daily Standard | 1919-04-02 | Page 8 | Corn Takes an Extraordinary Jump in Price

CORN TAKES AN EXTRAORDINARY JUMP IN PRICE 0H1CAOO. April 2 orn made n extraordinary Jump In price today amounting in some caaes to six centi a busbe'. Official announcement that 1 wheat Bcerolty srSi so acuta that wheat and flour exports from ihe 1 tilted tilt-ed states had been stopped wa i hit ly responsible Victory for Ihe liquor interests In the Chicago election was also an important faction. The itSSp ' est advance was in com for Septem-i Septem-i ber delivery, a rise to $1.38 as I against $1,324 nt the finish on Monday. Mon-day. ! Traders took the lxr that corn products for export would be much more In drtnmd In pla i.' wh .n ,,nl t flour. It was a popular opinion also that rye and barlev would be largely : bought on the chance that the result ; of the Chicago election would be interrupted in-terrupted as a referendum on prohibition prohibi-tion and i hat with a peace treaty signed before July 1 prohibition would 'not be permitted to take effect. The official announcement was i made at New York las' night by Julius I Barnes, head of the grain division of the food administration, according to ' reports rece'.vel here. Mr. Barnes was ! quoted as saying: "We have advised the neutral governments gov-ernments that America will be unable to furnish any more wheat or wheat flour to them; that they are free to buy other grains in our markets, but must -eek wheat in other markets." Mr. Burnes, it was reported, said j that beginning iifit week the grain corporation will buy for shipment to liberated countries which need relief, rye flour. OOfS flour and barley flour and will th reby reduce Its current purchases of wheal flour. Us -all further thnt If these measures failed to keep the prl e of wh-at Hour at a reasonable level Import restrictions would be relaxed to permit the t'nlied j States to Import from Argentina. Aus tralla and Canada. I uring ihe forenoon the pric. of r Jumped 7 cents and barb 3:t cents' on the board of trade . oo