Ogden Evening Standard | 1911-06-24 | Page 1 | Wheat Market is Overbought

WHEAT MARKET IS OVERBOUGHT Chicago, June 24 Aggressive pushing push-ing of the idea that tho wheat market mar-ket had been overbought had much effect today in making prices lower. The notion was In a measure confirm ed by the bearish action of Liverpool quotations Rain at various points In the northwest and tho general outlook for unsettled weather gave aid also to the bears and turned attention away from talk of crop damage in North Dakota and Minnesota The opening was 1-4 to 3-47-S down, Septcmoer started at S9 1-4 to S9 1-2 and fell to SS 3-457-S. 1 There was a decided rush to soil corn. With promises of moisturo being be-ing fulfilled, the markot proved heavy, and was sustained only by short covering cov-ering September opened l-2(g5-S to 7-Slc off at 58 to 58 3-S, but stcadieu around 58 3-Sl-2 Support for oats was very poor. Unloading Un-loading on nccount of wet weather appeared ap-peared to be the order of the day September started l-2(?j5-S to 1 1-lt 1 3-Sc lower at 41 3-4 to 42 1-2 dropped to 41 5-S and recovered to 42 1-z. ' Provisions dropped in sympathy with weakness at the yards