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Show GRAIN PRICES ON j FASTDDWNGHADE Slashing Has Resulted From Tight Conditions in the Money Market. I i CHICAGO, July 21, Severe slash- 'ing of grain and proision prices this week has resulted to a considerable i degree from tight money conditions, j Compared ith a week ago, wheat .quotations this morning were down 25 I 10 tit i bushel, corn was off 14 1-8 j to 16 1-8, oats 0 1-4 to 13 1-4, and pro- j Unions 52 to $1.60. H Disturbing financial and Industrial if developments, notably Indications of rtraln in the automobile business, had such a bearish effect on grain that the week started wlih an immediate cut of j 8c in the value of wheat. Next day H the wheat market suffered a nearly complete collapse, accompanied by .evidence of distress selling largely duo j to heavj margin calls. Then export I buying gave temporary relief but talk 'uf borrowers' difficulty in obtaining j inone became again a depressing Influence In-fluence and with a set-back in foreign 1 exchange l!d much to bring about radit il railing off in demand. Chief ! among other bearish factors were ro-p ro-p u is that contrary to recent widespread wide-spread belief no great Impairment of : the spring wheat crop this season would result from black rust- WM i Despite excessive dry weather In 11- I i llnois, Missouri and Iowa the corn and oats market gave Waj with wheat, though to a less sensational extent i Comparative steadiness of provls- slona waa due malhl) to support from pac kers. CHH AGO GRAIN. CHICAGO, July 31. Wheat broke H almost 10 cents shortly after the open-Ing open-Ing today, owing to reported rains ln ;i iris of Missouri, Nebraska and In- S With lirospects of more wet vfi ather, which had a depressing influence influ-ence on all grains. Thero was suffl-clcnt suffl-clcnt buying, however, to check the MM break and a moderate rally followed. ' ipenlng quotations of wheat ranged from 2 to 0 cents luor. With Do-camber Do-camber $2 ia to 8.2(Pand March at K' 21Vi to 2 23. Holders of dally and weekly bids came to the support of wheat and AMm checked the downward movement for a time, but the undertone was heavy and the close showed a net loss of MmW 10 to 13c with December J2.il to 2.12 and March $2 . 1 2 Vi to 2 . 13. The break i.i wheat combined with IS lain reports helped carry corn prices down Early buying by a leading ele-vatOr ele-vatOr interest checked the break, how-ever, how-ever, and i rally followed, opening MM prices ranged from ' to 3 Vic lower, with September $1.36 to 1.37 and De-cember De-cember $1.22 to 1.22. Corn went in sympathy with wheat, ! there being scattered liquidation, es-peclally es-peclally tn the July option. The close 1 W8S weak with puces showing a net loss of 2 to 6"!,c, with September 1 11.84 to I 34, and December $1 20 to 1.20. Oats took the same course as corn. There was scattered liquidation of the July option. The market opened un-changed un-changed to lc i own, with September 68 c and December 68 to 68 c. MM Provisions were weak. Bm OMAHA LIVESTOCK. OMAHA, Neb., July 31. (United States Bureau of Markets ) Hogs MM Receipts 7000: market fully steady to shippers; bulk 814.25015 25; market steady to 15c lower to packers, bulk $13.90(14.40, lop $15.75. Cattle Receipts 300; compared MM with week ago: Good choice fed year-lings year-lings steady; others and strong weight PJfl beeves 25ti50c lower, grass steers and butcher stock mostly 25c a' $1 00 lower, veals 50c$1.00 higher, hr-st H heavy feeders steady; others 25c O 1 00 lower. H Sheep Receipts 250. compared wltlj week ago. Lambs 75c lower; sheep and feeders about steady. AT MINNEAPOLIS. 1 MINNEAPOLIS, July 31 Flour 25c Ii wer to unchanged; In carload lots, 'tunilly patents, quoted at $12.86 to Il2 25 a barrel in 98 pound cotton sacks. Bran $45 00. |