OCR Text |
Show CORN MARKET SHOWS BEARISHMCY CHIC AG, Sept. 2. Gorernment efforts to re- ; tiuce the" cont of necessaries had n decided new bearish effect today on the corn market. Prices closed heavy, 1 7 (5 c net lower, with September Sep-tember $1.72fLn.72Mj nnd December 1 .,13 !; (n) 1.33. Oats finished Va- off to c up and provisions- varying from 45c decline to $1.50 advance. Renrlsh sentiment in the corn market pnve evidence of greatly increased force after trailers had perused n statement by Herbert Hoover, the official representative of the T'nited States on the interallied relief commission In Europe, that wharves nnd warehouses in northern European Eu-ropean powers were overflowing with foodstuffs which were in danger of spoiling for lack of purchasers who could command sufficient credit. Liberal receipts of corn have tended a Iso to i bring about liquidation by holders, especially I in llie September delivery. At first, however. ; the market made temporary advances in the new crop months, December nnd .May, owing to estimates current that the domestic yield of corn would be about 20,000,000 bushels less than was Indicated a month ago. Oats were governed chiefly by the same factors' fac-tors' which ruled corn. Provisions advanced early .on account of yesterday's yes-terday's upturn In hog quotations, but Inter reacted re-acted somewhat wheji the hog market weakened and grain was falling In value. THE RANGE OF THE LEADING FUTURES. Open. High. Low. Close. Corn Sept $1.73 $1,771,3 $1.72 $1.72 Dec 1.88 1.37T4 1.32'ii J.33V. Oats-Sept Oats-Sept 60 .70"-; .69Vs .Bf Dec 73 U .73 .71's .72 Pork-Sept Pork-Sept 42.00 42.25 42.00 42.00 1 Oct.' 38.50 38.50 38.25 38.25 Lard j Sept 27.00 28.00 27.75 2B.00 Oct 27.50 27.75 27.40 27.50 Ribs I Sep t 22 . 20 22 . 52 22 . 20 22 . 50 I Oct 21.85 22.65 21.85 22.50 1 CASH QUOTATIONS. j Corn, No. 2 mixed, nominal; No. 2 yellow, I $1.70fgl.S2. Oats. No. 2 white, nominal; No. 3 white, 09 72c. j Rye, No. 2, $t.44i(jgl.45. Barley. $1.22J??1.3G. j Timothy, nominal. Clover, nominal. Pork, nominal. Lard. $28.00. Ribs, nominal. |