Salt Lake Tribune | 1919-09-12 | Page 14 | Acute Weakness in Chicago Corn Market

ACUTE WEAKNESS II CHICAGO CORN MARKET i CHICAGO, Sept. 11. Industrial unrest, together to-gether with fresh downturns in the value of hogs, led to .icnte weakness today in the corn market. Prices closed nervous lc to 7c net lower, with September at $1.35 and December at $1.25V2 to $1.25. Oats lost 'c to iyc. The outcome in provisions ranged from a 70c decline to a 20c advance. Liquidation by holders of corn was especially espe-cially urgent in the September delivery, which fell 7c and closed at the lowest point of the ' day. Setbacks in other months were comparatively compara-tively moderate, but December touched the lowest level yet this season. The strike ultimatum ulti-matum of the steel workers received the larscst share of attention, chiefly owing to the fact that to the majority of traders the ultimatum enme :is a surprise. New breaks in the hog ; market possessed a more direct relation to the corn, but had been quite generally foreseen. 1 Reports that (Jermany had been grunted credits by American financial interests rallied the market mar-ket a little. In the nbsenee of any confirmation, however, the effect failed to last. Oats gave way with corn, despite active buying on northwestern account. Provisions reflected the weakness of hogs and grain, but later scored some advance owing to talk of export business with Germany. ftANGE OV THE LEADING FUTURES. Corn Opening. Highest. IOwcst. Closing. Sept 1.5H $1.M $1.58 $1.63 Dec 1.25V3 1.27 1.25 1.25 Oats-Sept Oats-Sept G9 .m .CH .6S3.4 Dor 714 .7116 -70 .71 Pork-Sept Pork-Sept 42.00 Oct 35.50 30.10 35.50 30.10 Lard Oct 25.40 25.05 25.37 25. CO Jan 22.50 22.80 22.50 22.75 It lbs Oct 20.50 20.00 20.35' 20.60 Jan IS. 02 10.20 18. 02 ltf.17 CASH QUOTATIONS. Corn No. 2 mixed, $1.5GVj ; No. 2 yellow, $1.5Gy.(r1.59. Oats No. 2 white, 69-"Ji71c; No. 3 white, 07 V.70:ic. Kye No. 2. S1.431.4i. Barley, $1.281.38. Timothy, $8.fCX?fill.OO. Clover Nominal. Pork Nominal. Lard, $25.70. Kibs, $21. 00(g23. 00.