Salt Lake Tribune | 1918-06-04 | Page 14 | Rush of Selling in the Chicago Market

RUSH-OF SELLING if THE CHICAGO MARKET Material Setback in Price of Corn Owing to German Submarine Activities, CHICAGO. June 3. Submarine activities off the American coast brount aro:i ot se'.lm in Lhe corn mariiet loay ana formed the chief factor in a material setback set-back to tr.e lowest price levels yet tms s-ason. The close was uns'.tlei. l:i to 2'c net lower, with June "Llai a no Ju'v t2V-i to Notthstar.din? thai bearish sentiment preUomirtatea prior to tile receipt of news atK)ut U-boi'.ts, the corn market end not show general t-erious losse?. I-3eal weather weath-er p.nU bii: receipts, though, had put the tv.iha under co:u?iderabie of a hai.dlcap and, so. too, had the excellent treneral crop outlook. Illinois crops in pa-riic'-iUr were ti:d to be ten days ahe.id of the average at this t:me of tne year. Moreover, More-over, es'.iu.atod th.it were cuiTc-nt that the redaction in Lhe acreaco for the L-uuntrv as a whole would not be as larure as had been expected. All other in-rkienue. in-rkienue. however, were virtuiuly :"or-sOtten a:'u-r bulletins be.sran to aper teihr.? of s'Krr.arine developn:ents. i-Liii;es, i:i part, whiv-h subsevue"tly took place, were ascribed as-cribed to covering by shorts. Oats were relatively nrni a result of bidding from eal.oard exporters. Provi.iuns advanced sharply with hops, b-.it later reacted somewhat, owing to revised re-vised ;'i;ures on warehouse stocks. OK LEADING KlTUKblS. Cen. Hisb. Low. Clie. I Cora 1 3uc ji s; n.::s .:5S Jjir I JjH l l- l.V'S 1 Ju:i -"S JjIt -"'; .6- .Cl .t'x ju; 4-1 TO 11.50 40 65 40. T5 j i r :4 li.w 2 "T w :t ill .Si 4 7i 35 4.!) i,, v r: ?: se-,n ! . . ! '. . o -