Corn, Center Of Interest,
Reaches New High Prices
For Last Three Years
NEW YORK. Oct. l4.--(By Associ
ated Press.)—Considerable encour
agement was found in business cir
cles during the past week in the con
tinued firmness in the grain market.
Corn remained the center of In
terest, new high prices for the last
three years being realized despite
the fact that tho department of agri
culture predicted a crop of 3,021,000,
000 bushels. Such a large yield and
at prices considered remarkably
good, should, It was thought, im
prove the position of the farmer con
siderably.
Wheat prices also held close to the
season’s high, while the department
of agriculture announced that the
prices which farmers now are re
ceiving for their principal crops were
27 per cent above those of a year
ago.
(•otton Price Holds Ip,
Cotton prices also continued to
hold up well, although additional
curtailments were reported in cer
tain of the New England textile
mills. Mills in the south were stated,
however, to be operating at about 90
per cent of capacity and the govern
ment consumption report, which was
published on Saturday, was rather
better than had been expected. This
report showed that 484,000 bales of
lint were used in September, which
was a short month, as far as work
ing days are concerned as compared
with 49^,000 bales in August, which
was a long month.
Railroad carloadings reported
meanwhile, showed that the extraor
dinary large distribution of goods
was being maintained. A higher
record was, in fact, set by the week
ending September 29, a total of
1.097,000 curs being loaded with reve
nue freight.
