Salt Lake Tribune | 1917-08-26 | Page 36 | Trading in Wheat Futures Stopped

WIS ifJ WHEAT FUTURES STOPPED September Option Makes Dignified Exit by Selling Sell-ing at $2.11 1-2. CHICAGO, An;. -5. T in wheat for future del I very ceased today on the hoard of trade until ai'tor the war. Sep-1 trml'er, t lie solo remaining option, made a tlir.nifieii exit from i ho market at wiiii-h was 2e below ! inn 1 figures fig-ures yesterday. Corn was subjected lo soiling pressure thiouf;iioul the session and elosed weak, I'r to ;'7,c nrt lower, wilh lieieniher at 1.0T to ?l.u77(, and May at $1.0$ u $1ai.u.. Oats lost to lr mid provisions had weak support and finished from tiie to $1.10 lower. Settlement ptiees for outstanding fcep-temher fcep-temher eontraeli will he fix-d ty a coiu-nutteo coiu-nutteo appointed by the prtsilent of the board of trade." September prices throughout the session ranged between $Li:t and $2.loU, few tranAet inns belnsr re -or(ii-d, us mueh of the evening-up iu exjieetation of tlie eessa t ion of future trading had been aeeomplisiu'd durini; the week. Cnoffn'ial reports current around the wheat pit were that the government price would be set ft! $2. U. larKer deliveries de-liveries w ere looked for wit h the det-r-mina tion of t he official price for wheat under jcovern mental control. Higher corn prices, expected by the trade today beta use of the hint of frost yesterday, did not materialize. .More favorable fa-vorable weather conditions prevailed over most o: the belt and offerings from hmg stocks were abundant. liuyin power s( enicd limited and the market had a downward tivnd all day, the de-dine be-iiii; be-iiii; accelerated toward the close, when weakness developed in the cash market. Tno close wag near the low point. Offerings of oats from lnral houses were heavy and prices sapped with rorn. Ke-ports Ke-ports of favorable we the r and tidings of thre.-hinc with heavy yields added to the d'M'ine. Provisions receded at the start on stop-loss sellinc. Further recessions met only feeble rallies. Toward the close packers who had been buyins withdrew their support and the close was at about bottom figures of the day. Weakness of live hot? prices contributed to the down-war down-war i course of meat products. RANGE OF THE LEADING FVTt'RES. Open. High. Low. Close, Wheat . Sept .. $2.13 J2.13 C-lOU J2.II4 com ; IV-- 1 in 1.104 1.07 1 07 ! May 1-0774 1-0 10 l.O;. I Oats j Pe. 5Ti .fi4 .1'-i .:.3i May il .5S .56 , ,.".6:5 Fork 1 Tt 43.50 42 :.o 42 . ;." 4C :.i O.-. ilAQ i2 45 41 55 41. Ijrd S?iH ?.l 07 "3 07 50 22 '7 Oft 23.05 23.06 .51 22 55 RiU Sept f3 fl.l 23 22. W 2 V) j 0.t 23.47 23.52 2.75 22 . SO