Jasper County Democrat, Volume 20, Number 40, Rensselaer, Jasper County, 15 August 1917 — CORN MADE SENSATIONAL DROP [ARTICLE]

CORN MADE SENSATIONAL DROP

In Some Cases the Fall Ansowated to 37 Cents I*er Bushel. Sensational breaks in prices of corn for immediate delivery almost monopolized attention this, wc*-k in the grain trade The fall in cash values of corn amounted in some cases to 37 cents a bushel, as compared with forty-eight hours before. No other reason for the setback was apparent except the fae» that the distillers were at least temporarily out of the market altogether. Signs multiplied from the outset that distillers had acquired all the corn that could be utilized in the brief period remaining for - whi-tey manufacture. unchecked by the new food control bill. With the competition from distillers thus eliminated, other industries were not .disposed to pay recent hi«h premiums. Moreover, it was said, that many small industries were closing down entirely until supplies of corn could be obtained on a more reasonable basis as measured by quotations on new crop* month*, which at the lowest point were yet about 75 cents a bushel under spot prices. In this connection Peoria and other important centers noted that cash trade was virtually at a standstill, fully 100 carloads being carried over unsold at Peoria-