Salt Lake Tribune | 1917-11-21 | Page 13 | Corn Goes Higher under Bull Action

CORi GOES HIGHER UNDER BULL ACTION CHICAGO. Nov. 20. Chances of enlarged en-larged exports resulting from the lessening lessen-ing of U-boat danger had a decided bullish bull-ish effect today on corn. Prices closed strong, I '.&c to 2Vfcc net higher, with January Jan-uary at $1.1S', to $1.18i and May at $1.16 to $1.17. Oats gained lic to lc and provisions 15c to 57c. Corn prices went upgrade from the start and finished at substantially the topmost point reached.. Attention focused chiefly on Lloyd George's statement that 'there was now no "fear of the submarine I menace. Buyers drew the inference that ocean trade would be greatly facilitated and that much mora corn than had been figured on would find an outlet overseas. over-seas. Tn this connection, sharp notice was taken of remarks by Chairman Wheeler of the Illinois council of defense, de-fense, emphasizing the shortage of vhe"at. The better tone of the New York stock market tended further to strengthen corn. About the only check on the ad-va ad-va rice came from -weather conditions likely lo improve the quality of the new crop. Oats mounted to the highest prices yet this season. Buying on the part of seaboard sea-board interests acted as a dominating influence. in-fluence. Government action raising the maximum maxi-mum price limit at Liverpool counted toward to-ward lifting provision values here. On the bulges, though, realizing sales were in evidence. RANGE OF THE LEADING FUTURES. Open. High. Low. Close. Corn Jan. . ..$1.16 $1.18 $1.16 $l.lSVs May . .. 1.15 1.17 1.15 1.16 Oats-Dec Oats-Dec 64 .663; .64 .66 Mav . .. -644 .66 -64 .66 Pork-Jan. Pork-Jan. . . .45.25 45.65 45.25 45.65 Lard Jan. . ..24.40 24.62 24.40 24.62 May 23.90 Ribs Jan. . ..24.25 24.42 24.25 24.40 May . ..24. CO 24.02 23.90 24.00