Salt Lake Tribune | 1918-01-23 | Page 10 | Corn Trading has Marked Stimulus

df! TRADING HAS markedjumulus CHICA'jO, Jan. 22. Big receipts stimulated stim-ulated broader trading in the corn market mar-ket today than has been the case for a long time, and led to weakness in values. The close was nervous, at the same as vesterdav's finish to ifi Hc lower, with March $1.21 and May "l.23H'Sl"3JS-Oats "l.23H'Sl"3JS-Oats closed ssC off to tc advance, and provisions down 5c to 12c. Arrivals of corn here showed such a decided increase that a general rush to sell took place. It was definitely known that a considerable portion of the receipts re-ceipts came from a clean-up of congestion conges-tion on one of the principal western lines, and there was much talk current that the suDply might temporarily exceed the demand. Slowness of eastern shipping inquiry added to bearish sentiment, hut snow flurries and a prediction of colder weather tonight operated later as something some-thing of an offset. Profit taking by bears tended further to unsettle the market toward the end of the session-Oats session-Oats reflected the weakness of corn, but word of 500,000 bushels sold at Minneapolis Min-neapolis and elsewhere for export prevented pre-vented any aggressiveness by the bears. Plentiful supplies of hogs seemed to restrict inquiry for provisions and to weaken prices. Business in lard came nearly to a complete halt. RANGE OF THE LEADING FUTURES. Open. High. Low. Close. Corn March .$1.25 "4 $1.2514 $t.2 $1.244 May 1.24 1.2414 1.23!i 1.23H Oats March . .7S .7814 .7774 .78 May ... .7614 .7614 -7514 .7,'. Pork-Jan Pork-Jan 47.20 47.10 47.15 May ...45.85 45.95 45.70 45.75 Lard-Jan Lard-Jan 24.70 May 24.9.1 Ribs-Jan Ribs-Jan 23. ns May ...24.45 24.45 21.35 24.35