Salt Lake Telegram | 1923-08-05 | Page 17 | Grains Show Little Change

GRAINS SHOW L1TTLECHANGE Prici Have Slight Down-; Down-; ward Trend CHIC AO, Aug. 4. Reopening of ttuelness sftr th sudden halt which followed President Harding's death j met with no unusual Incident In to-dav's to-dav's 'change her. Pealing were of ordinary volumes. 'Wheat prices had a slight downward tendency owing chlefiv to weather conditions In the Canadian northwest and to declines and to th New York a lock margket. The close was unsettled 1-1 to 6-lc t 7-lc and December $1.00 1-4 to 11 00 Corn finished l-t to l-4c off. oats unchanged up to l-lo up and provision at losses varying from c to 10c. Especially at the outset wheat dis- flaved notable steadiness, and al-hoiigh al-hoiigh In eom quarters s nervous market had been looked for most w of the sellinc proved to ba In amall tot, apparently hedging against purchases pur-chases In the country. Forecasts of warmer weather In Canada allayed fear that frost was likely to cause crop damag there, and this fact divided di-vided InUree't with New York reports of stock market weakness. Beside. Rbseno of sxport dsmand tended to ava som further bearish Influence and word was at hand that ths first wheat frwrn th 1421 Canadian erop fcad arrived In Winnipeg. Ooo4 support developed, however, on Sll ths pries decline In th wheat market, and th cloe was at a mod-erste mod-erste rally from the bottom of the V, dav's rang of values. Th holding policy oa th part of grower continued con-tinued to act as a prop for th 'market 'mar-ket and so too did rports that domestic do-mestic spring wheat hsd suffered greater damage than was generally supposed. Thrhlng returns wer said to Indlcat reduced yields snd the North Dakota crop waa estimated as beln only half aa large aa last, 1 Beneflelsl rains and likelihood of more eased the corn market. Th market was steadied by demand from previous eellers. provisions saf ged In Hn with hog values.