Salt Lake Tribune | 1915-09-05 | Page 25 | Wheat is Driven to Lowest Price

WHEAT IS DRIVEN 10 LOWEST PRICE Corn Follows, Short Covering Cover-ing for Profits Being Only Support. CHICAGO, Sept. 4. Wheat today was driven to the lowest prices for the crop on general selling by commission houses and local pit traders, the market at the close snowing a net loss of LQlc to 2C. with September ni IMi:, December at 00 a fff 90!e and May at 04c Corn followed wheat, short covering for-profits for-profits being the onlv lUPPOrt given the market, which Closed With September off llfl at 701$ 7 Xc and with December down gc at 67ie. Onts declined c to RfQlO net and provisions finished Irregular, the range being represented hy December pork, which hnd a drop of 6c, and October ribs. WhlOh rose 10c. Wheat was under bear Influence thxougfcout the session. Domestic and tcroign price-making factors were nearly all of a character to send prices down. Many holders, faced with u flpublfl holiday before trading is again resumed Sunday and the Labor day holiday on Mondav. on which the board will boh! no session SOW freely to protect themselves over the Hosed period. Tbe.e was a fair ex-port ex-port business, but In the face of the determined de-termined bear sentiment this had little or no effect. There was considerable commission house selling of corn and prices receded steadily for almost the entire session. Onts partook of the easy -feeling In other grains. A good call for lard ;ind ribs, prevunisV bly from packers, gave good support to provision prices. Offerings were rather light, hut the demand for the January products wft particularly active. A ma-torlal ma-torlal improvement In the export demand for cash lard and ribs was generallv noted by the trade. RANGE OF THE LEADING FL'Ty'REP. Whsst Open. High. Low. Clow. Win $ Mi t b t 91H S 34 Do Slfc -91 -M M 9b .96 .81 .94 Corn-Sept Corn-Sept 7IH 714 .70 .70. Dee 67i .58 ,67'i .67ii 8Pt 854 .38 .Mi .W Dm 36 -38 .35 ,3B CASH QUOTATIONS. Whf-at. No. 2 red, IL081MM 04 1 Ne 2 hard f'orn, No. 8 yellow, fUl othern nominal. On, No. 8 white. I4084fl utandard, 8tt Itye. No. :. 95e8c BesaSr, wttQc. Timothy. 5.5is.f.n. Clover. ILsIgttll, Porfc, 11J.7't. Lrd, 8&.17.20. Rlba. 7.80et8.f4