Ogden Standard-Examiner | 1920-04-25 | Page 34 | Grain Setback with Big Loss

GRAIN SETBACK WITH B!G LOSS Financial Strain in East Leads to Downward Plunge During Week CHICAGO. April 21. Big setbacks in the value of grain and provisions have resulted this week from indications of severe financial strain. Compared with a week ago, corn prices this morning were 3'2. cents to Gv'a cents down, oats were off cents to 2 cents and provisions pro-visions lower 37 cents to ?1.95. All deliveries of corn, oats, rye and barley were at about high record prices' I for the season when suddenly the corn ! market was swept by an avalanche of selling. Tho pressure to get rid of . holdings and seize advantages from jlhc break in prices wont far beyond or-'dinnry or-'dinnry limits before traders begun to , regain ihelr equilibrium and to be guid-even guid-even parly by influences other than l he violent changes of securities in New York. Active export demand for wheat and rye helped to a material e.x-, e.x-, tent at this juncture to restore comparative com-parative confidence on the part of the ! hulls in the corn market. Later, how--over, the bearish effect of unusual j weakness In New York stocks became lagain the ruling factor and to a great j extent once more flattened out the I buying power in the corn markeL Oats Joined the downward plunge of corn but rallied later owing to late-iness late-iness of seeding. j provisions were depressed with ,grr.in and hogs. 1 I CHICAGO QUOTATIONS. CHICAGO, April 21 j Open vHIgh Low Close I Corn - JMav ?l.filVi 1.07 1.6.1 1.67 ', jjuly 1.50 L60V4 L5G 1.60 jSept. 1.51 1.04 1.51 1.5 1 i !Oats May .91 .96 ' .91 4)G , Uuly .Sl .S7Vi .S4 .S7 j ! Pork May ' 3G.10 j 'July .... 37.00 30.70 37.001 j. Lard : May 19.12 J9.S5 19.42 19.75 1 July 20.15 20.00 20.15 20.55, Ribs 1 May 17.90 1S.07 '17.90 1S.07 ! July 1S.G5 1S.90 1S.05 1S.90 CHICAGO LIVESTOCK. CHICAGO, April 24. (United States Bureau of Markets) Cattle Receipts 3,000; market mostly steady; beef sieers ?11.0011.20; calf trade, a big dollar decline, mostly $13.00; compared com-pared with a week ago; beef steers mostly $1.00 to 1.50 lower; butcher stock 50c to $1.00 lower; canners and cutters 25 to 50c lower; calves ?2.50 lewer; feeders unevenly lover. Hogs Receipts 18.000; market opened weak to lower; later steady to 15c; higher than Friday's avorage; top $15.25; bulk light $15.0015.25; bulk j 250 pounds up SlSl-iS; good many held off the market at owners' request; pigs steady. Sheep Receipts 2,000; no trading; 'compared with a week ago: wooled I lambs 25 to 50c lower; shorn lambs 25 to 50 higher; sheep steady. CHICAGO GRAIN CHICAGO, April 24. Wheat sample grade hard ?2.55. Cora No. 2, mixed. $1.6G1.6S; No. 2, yellow, $1 7O01.72. Oats No. 2, white ?1.05j1.06! No. j 3, white $1.031.04. ; Rye No. 2, ?2.06. I Barley $1.631.72. I Timothy seed $9.00 11. 50. ; Clover seed $35.0045.000. 1 Pork Nominal. J Lard ?19.i5. Ribs $17.251S.12. CHICAGO. April 24. Weakness which manifested itseir in the corn market today appeared to be due more; to lack of buying than to anv special! urgency to sell. Railway traffic em-1 barrassments together with difficulties! in credits put bulls at a disadvantage,! On the other hand forecasts of wet weather tended somowhat to rally the market. Opening prices, which ra'nged; jfrom to lc lower, with May $1.04 to 1.65 and July ?1.56 to 1.57 were followed by moderate general upturns. up-turns. Oats were comparatively firm, owing ow-ing to predictions of rain likelv to cause rurther delay to seeding. After opening to lc off, including Julv at S3 to 86c, the market scored gains all around. Packers buying gave strength to Piovlsions. Offerings were lighL KANSAS CITY LIVESTOCK. KANSAS CITY, Mo.. April 24 Unit-ed Unit-ed Slates Bureau of Markets) Hogs-Receipts Hogs-Receipts 500; market steady to weak; top $14.00: lights and mediums $13.50 14,00; bulk heavy $12.8513.25. Cattle Receipts 050; market for week; heavy steers $1 to $2 lower; handy weight and yearlings 50c to $1.00 down; fat she-stock and bulls scarce and about steady; veal and calves slow and Increasingly lower. Sheep Receipts 4,000; bulk receipts re-ceipts to packers. COTTON CLOSING. NEW YORK, April 24. Cotton fu-lures fu-lures closed steady; Mav 40.45c- July 37 93c; October 34.50c; December 2,53c; January 32.90c. J Spot cotton quiet; middling 41.45c