Salt Lake Tribune | 1915-08-15 | Page 29 | Bears Benefit by Upset Conditions

BEARS BENEFIT UK UPSET CONDITIONS Big Receipts and Disturbed Export Situation Reduces Wheat Prices. CHICACO. Auk. ll. Hi reeelpl nd (he dlslort.-d situation Rave a dcnicf! advantage lorav to tie bears In wluat. LaiKelv as n result, the market close.) unsettled, je to Ze under lasl niHril, " September at !..);. ami Permntier at $1 nia. I'orn sufTpred a loss ot to i a ie net and wits of ; : to J In provisions, the outcome was unchaiiKed to P'e down. 1'ecllnes in the wlipat market becin ufter a show of firmness al the filart. T:ie trmiiorarv strength wus due to steadiness In "nuoliile.iis nt I.lverrnol. iv!iere there were denials that any appreciable appre-ciable amount ot Hrll.sh pur.-liases in t he rniied S-.at-s had been caneellert. seqnentlv. the bulls were dim om er I ed by wont from Toronto ot atlemp's to rescind some exrert contracts in Canada. No pronoun.-ed weaknees developed, nowever. until the fact became apparent mat wheat on coiielnm-nt was coming forward Willi unexpected freedom lo Chicago and other lea-lini; terminals. On the downturn, a fair demand ror wheat spraiiK up. especially from bouses that generally act. for the seaboard, taales tJi no One tioehcls to exporters were Bll-nounced. Bll-nounced. On the other hand, the demoralization de-moralization of the merlins exchange market was said to be operating as a decided de-cided check on business with Europe. Ac-cordlne Ac-cordlne to one dealer, the new low record rec-ord (or sterliriK bad made s difference of 5 cents a bushel on the value of export ''(oa'rse (trains followed the downward action of wheat. Trade In com was confined con-fined almost wholly to transactions between be-tween pit speculators. Oats felt the bearish bear-ish Influence of Improved weather tor the hapr'ovi9!onB were Inclined to slant lower with cereals and boss. Any radical setback set-back however, was prevented by the fact that stocks all over the west were beginning be-ginning to show decreases lo a notable extent. RANGE OF THE LEADING FtTTRES. WhMt- Open. Hlsh- Vow. CIJM. -jjj i.. lot .. CLOSfNG QUOTATIONS. Wlieat. No. 3 nt. SLOTS 1. OS; No. t bant, "ffli". yellow. MiifJSlc: No. t 7llow, 8"oairCNo. 3 white, mw. ViSc: atanaaro. Qf-n 50c, Rye. No. 2, J1 . barley. GOAWl-. Tlmolhv. tr. 57.00. Clever. t . 13 . 25. Pork. :i:.9o. Lard. ' .