Salt Lake Telegram | 1916-02-27 | Page 38 | Grain Market Slump Blamed to War Influences

MARKET stUMP i 1 t BlAMED BEAMED TO Til WAR NAR INFLUENCES Badger Bros Wire CHICAGO Feb 26 Liquidation was hi in hithe inthe I the market here today and the close cloRe within c o of the new low point with net losses of War Var news from abroad l was the dominating influence and andIn andin andin in absence of ot buying the decline was easily attained Many stop loss orders orders orders or or- ders ders being uncovered on the way down Houses with seaboard connections sold Jold freely early Selling against daily dally and weekly offers was a factor in making the decline bu buying against them quickly running running running run run- ning its course Crop reports were generally generally gen gen- unfavorable but had little effect Export sales at seaboard were about bushels Mills were free buyers of ot May at Minneapolis and liberal sales of flour were understood to have been made overnight Statistics were bearish Corn There was sufficient buying early to make a fair advance but the extreme weakness In wheat brought in heavy selling and the close was within c of the low point Receipts were small only ninety nine cars with bulk of sales about c lower than yesterday Shipping Shipping Ship Ship- ping demand rather slow cars being furnished furnished furnished fur fur- more mor freely in Illinois Forecast is for colder weather over the greater part of belt Latest estimates on Argentine portable exportable P bl surplus go bushels s Oats Buying of May by cash houses and shorts was a feature Weakness in m wheat was main depressing influence Primary arrivals for week against last year Shipments against last year Open High Low Closing Wheat Wheat- h M May 1 18 1 19 Jl 1131 13 i July 1 15 Corn Corn Corn- May 77 78 76 76 July JUly 77 77 77 76 76 Oats Oats Oats- May 45 45 45 44 4 44 July 43 P 43 3 41 41 41 Port Pork Pork- May 2082 2090 2067 2075 r July 20 85 2067 2070 Lar Lard Lard- May 10 1037 37 1042 1042 1032 1035 July JS 1060 1062 1050 1052 Ribs Ribs- May 11 1150 50 1152 1137 1145 July 11 1160 60 1162 1162 1165 1155 1155 1165