Salt Lake Tribune | 1919-11-22 | Page 16 | Corn Market has Day of Depression

COll MARKET HAS DAY OFDEPRESSIOI CHICAGO, Not. 21. Announcement of the shutting do-n of big industrial plants as a result of the coal shortage lied a depressing effect today on the corn market. Prices closed heavy, 64 to 2fec net lower, cttu December $1.31 s. to SI.81S and May SI 24', t. H-2-l1. Oat, lost fe to H and Sc. In proiisiyns. the outcome varied from 30c decline to 15c advaace. Bears took control of the corn market at the opening and tnalnt&ined their grip virtually unimpaired un-impaired throughout the session. The fact that several large coosnmers of com were among the manufacturing establishment., rendered idle bv lack of fuel, tended especially 10 weaken valnes. inasmuch aft demand for grain -.s thus diminished, and it soon became evident that receipts of corn here were In evre,- of immediate im-mediate requirements. lwer n-iotatlons on hoffs did a good deal likewise to dlsc-urage hu.'ers. a'thAugh the effect was counterbalanced to some eatenl b. upturns In sterling eicaange and In securities on Wall street. Oat, .yrap,thlaed will, com .weakueoa. s sale, to the seaboard were noted. Pro-islona were polled down br a drop II hog -alue,. b-j' subseqocntly became firmer owlet more or le,s 10 assertion- by the British food minister thai the world supplj of nieata was lrufflrleot , RANGE OF THE LEADING Tl CsTSM. Com- Open High. Ug. OtJ; December 1131, V 33 . . gH January 1 25 J .5J1. J -.-4 JJJ Ma 1.53', !., 1. 23', 1.1', Oat, - . -, . December '1 -JJH -i'- Jlty 7' ', Pork 4 w JmntMr? ; May Lard- . -J3.50 December . e.-. -a - . J.noarr 23.00 23.23 23. UO 23.17 us as 35