Salt Lake Tribune | 1918-08-18 | Page 36 | Corn Goes Higher on Crop Reports

CORN GOES HIGHER OH W CHICAGO, Aug. J7. Enlarged estimates esti-mates of crop damage in the chief producing pro-ducing areas had a bullish effect today o corn. The market closed firm, c to c net higher, with September at $1.62Vi to 1.62 and October at $1.63 to $1.64. Oats gained c to lc. Provisions finished fin-ished 2c to SOc down. Although beneficial- rains tended to ease the corn market in the earlier trading, prices soon began to swing upward, and throughout the rest of the day the bears were at a disadvantage. Most of the buying buy-ing resulted from a report by a leading expert that the yield of the seven surplus sur-plus states would be 410.000,000 bushels less than their harvest last year amounted amount-ed to. He said the severe hot wave, lasting eleven days, had taken place wnen corn was at the most critical stage, between the silk and roasting ears, and that the unseasonable frost last year had done less permanent harm than had now been done by the hot wave. Oats rose with corn. Gossip was current cur-rent that oats shippers had large contracts con-tracts to fill by September 1. Provisions sagged, owing to lack of support. sup-port. Weakness was emphasized by the fact that shipments of lard and meats for the week were much smaller than a year ago. RANGE OF THE LEADING FCTCRES. Opn. Hi5b. Low. Closa. Cora SeP' H.6U4 n.b-2'i tl.tm SI. 62 "4 163 1 -64!i l.3X l.3 l""1 .70-s .MTi .704 0cLv-v' '7!,s SeP 45.55 4S.55 43-35 43.40 0ct 43.75 .60 43.75 Lard SeP' 26.65 26.61! it. ft J6.55 0ct 26.60 L'6.65 a. 57 26.57 Ribs SPt S4.W 34.50 24.17 24 37 0ct 24 60 34.63 24.5 3 24 . 55 CASH QUOTATIONS-Core. QUOTATIONS-Core. No. b yellow. SI. 91; No. 3 j-ello, J1.S5 1.S7: No. 4 !ellow, SI. 67. Oate, No. 3 while, S34lT0tc: stiudajd, 70871c. Rye. No. 2. S1.56V,1.6i Barley, 95cJM4. Timothy 56. 00(&9.06. Clover NomlnaL Pork Nominal. ' ;. Lard, $26.40. - - Ribs, s.t-:.r.