Salt Lake Herald-Republican | 1918-05-26 | Page 31 | Corn Prices Close Lower at Chicago

ICORN CORN PRICES PRICES CLOSE CLOSE I LOWER At CHICAGO By Dy Associated ted Press CHICAGO Ma May I 23 Nervousness over o er new regulations In regard to hed hedging ln I sales led to a rapid downturn In corn prices pries today notwithstanding that previously pro pre the market had been on ott the ad ad- ad vance The close was WM he heavy 1 I cent to toH 1 H Hi cents net lower with wih Juno i and anc Jul July 1 39 to 39 Oats Oata finished finished fin fin- fn- fn unchanged to iT cent down and provisions pra unchanged to 27 cents c dl Erroneous Ideas Iden as to what would be required from dealers delers having grain on hand gave the bulls buls In corn a decided scare The unwarranted impression prevailed pre pre- wailed that thal a government order Issued this morning made greatly increased hedging sales ales a necessity As a matter of fact tact the text of the tho order did not nol Imp Imply RJ any radical change but business for tho the da day was virtually at an end be before be- be fore foro ore tho details were explicitly known whereas before tho the beginning of or the bearish stampede substantial gains had beer been scored as a n result resul of or ains likely to delay planting and because of planting unconfirmed reports that the government had placed big orders for alcohol I Oats were dominated by bY the action of corn carn Besides receipts showed seneI sene- sene I thing of af an Increase I Weakness In the ho hog market pulled down provisions At first however tIme the the brought broush t transient t strength of or grain gain about a a. temporary upturn