OCR Text |
Show Chicago Grain Chicago, Aug. 11. Conflicting reports re-ports reardlng tho crop situation in Canada, especially In the province of Saskatchewan, brought about rapid price changes today In the wheat market here with no decided advan-tago advan-tago to either Bide. Liverpool dls patches said the Canadian outlook was more reassuring. Leading experts ex-perts reporting direct to Chicago houses said the principal wheat area In Saskatchewan was infected with black ruBt and that If frost as predicted predict-ed came tonight 75 per cent of the crop would be damaged. Opening prices, which ranged from 3-4c off to lc up, with September at ?1.44 1-4 to 1.4G and Docember at $1.47 to 1.48 1-2, were followed by a sharp general setback then a rally all around to well above yesterday's finish and then another an-other sag. Widespread rains carried the corn market downgrade. The rallies in wheat, though, tended to make prices react. After opening 3-8 to 1 5-8c lower, the market recovered almost in full. Oata swayed with corn. Commission Commis-sion bouses leaned to the selling side. Provisions showed but little effects ef-fects of the bulge In the hog market. Demand was only of a scattered sort. Later a material downturn in prices resulted from assertions that owin to cooler weather the black rust danger in Saskatchewan might not provo serious. Offerings however, became scarce and the market again rallied. It was said the Dutch government gov-ernment was a buyer. Prices, nevertheless, never-theless, closed weak, 3-4c to 1 l-4c net lower, with September, $1.43 1-8 and December at $1.46 3-4. Heavy selling later by speculators! and by timid longs caused another j decline. Tho close was steady ati losses of 3-4 to 1 3-4c net. |