Ogden Daily Standard | 1916-08-30 | Page 1 | Big Breaks in Wheat Values

BIG BREAKS IN WHEAT VALUES Prices Drop 6 1-4 Cents a Bushel Owing to Imminence of General Strike. Chicago, Aug. 30. Big breaks in the value of wheat quickly resulted today from announcements that in anticipation of a general strike an embargo on grain shipments had been ordered to take effect Saturday on u? ,Pennsylvania railroad, one of the eniet outlets frotn , , exports to Europe. The extreme shrinkage I amounted to C 1-4 cents a bushel. Some, reduction took place before tpe market closed hut final quota-j quota-j tious were down 3 1-4C to 4 3-4c, as compared with yeslerdav-8 finish. , September closed at $1 38 3-4 to 1 39 3 4 and December SI 42 1-2 to $1.42 3-4. Subsequently the wheat market weakened owing to denials by officials offi-cials of the railway employes' organizations organ-izations that any postponement of the strike order would be made unless the demands of the men were met. Prices later plunged downward headlong head-long owing to reports that the Pennsylvania Penn-sylvania railroad would anticipate ! the strike by a freight embargo effect ef-fect Saturday. The close was unsettled un-settled .'J 1-4 to 4 3-4 net lower, with September at $1,383-4 to 1 39 1-S and December at $142 1-2 to 1.42 3-4. Yater the corn market became heavy again vshon wheat again became be-came heavy. The close was at 1-8 to 5-8c net decline. oo