Show OWNERS T TAKE PROfiTS IN WHEAT PRICES I ARE SET SE BACK I CHICAGO Aug 4 Although wheat went to a new high price early in the session there has been so much profit taking by owners that values suffered considerable Yesterdays Yesterday's estimate estimate estimate esti esti- mate of the prospective yield in the northwest along iong with wilh further evidence of rust infection in Saskatchewan wan have continued to lo make a very popular pop pop- ular ulai bullish sentiment The recession caused reinstatement nt by longs who had taken profits profs although the latter latler have also been acting with wih caution caution cau cau- tion ton and not nol loading up over the wee week week- I end Corn Official Corn Corn Official weather map showed that while rains were nere heavy in lower Wisconsin the official forecast of thunder thunder thun thun- I der showers over the tile corn state stat had not been leen realized Instead weather continued dry and ver very hot west and southwest A I few light rains In Nebraska and north Iowa being exceptions Congestion developed developed developed devel devel- early erly In ill September and shorts bid bidS bid prices up very fast at the outset In an endeavor to 10 cover over Export and antI domestic demand for spot corn continued brisk and over sales ers ersS' ersS S' S September were m made rd P prices for ced i export here t r o for at ts shipment 2 I IP cents wl within ten days Oats closed J 1 to 1 up Trade in oats Had been very good There is a steady Increase in the investment buying based largely on the Idea that they are relatively rela- rela vely cheaper than other gain grains and that he the large quantities now headed to market market mar mar- ket will be taken freel freely for export and some consumption Unless there are heavy and general rains raina soon over the thc theMi corn COr belt elt ma states sales of oats son from that Mi section will wi b be vastly vasty curtailed as feedIng feeding feed- feed Ing Is already alread dy heavy n necessary because of burned out pastures Cash sales Clement Curtis Co t Wheat heat Open High Low Close Sept Dec Det Corn Corn- 13 Sept ept 84 81 D Dec ts 63 7 69 69 71 esi Rl Sept 44 s 45 44 B Pork Pork- 47 H 48 46 U 47 HU Sept 2500 25 2492 2525 Lard Lard- Sept 1290 1295 1290 1295 Oct 1290 1297 1290 1297 Ribs Ribs- Sept 1360 1370 1360 1370 01 1342 |