Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-08-23
A TUMBLE In WHEAT
Decline In Prices Because Of Rush 10
Sell 10 American Markets.
BIG CROP IN the ARGENTINE.
But Yield is Short aad Ialcts Keep
High In Europe
Salrs To-day.

CHICAGO, Aug. 20 Tho FIRST curb
gu tau ms for 5ep,embot wnta; tsdsy
was 1924, an advance OF three cents
over Ss'urday's close. Al the same
timo 3y was bid for September corn,
two cents over SaturJsy's close.
December whGa' solo between 10
anu 1907, wnile 81 was bid Tor Dscem.
Der cJIn.
The news all pointed to an exceed.
insly lively day. session in ali thu
grain pie. Llvorpoo's opening
whest advance This mornlrg was
equal to B al 81 per bushel. SMurI, y =
advance Wac Z ceute per bushvI. 40
Liverpool advance in ,corn, equal TO
az 3 per busbei, was consider.
| HUIy over the lojal advance however.
a n1teworthy TACT was that OF the
worlu's wheat shipments lirt week,
7,2lO, 600 tu'helsf ab Ut or 8, 2lS O0J
bdpneis beiug contributed by America.
The usual Monday morning crop re-
norris were nlnott uniformly bad.
Especially was THE true OF cotn.
Weather rporls showed elightiv
hilher temperatures west. Toe 81
Es - pow iAhit6 aNl Won u I ttas
zion Of penny is sou @ whsst features
md In me curb price ior Sept. wheat
hiss dropped to lUOA
Alitns buOyAnry was out OF wheat
when the opening bell rang Oh the
Regular board. rhe highesi proc
touched In the initial trsuiDE was Bg5
Sept, tue exact quotation at whIuu
the market clOsed Saturday. Bimu-
lane us sales at the opening were All
the way down cent lower to 90
Sept, and in c few minutes later saI,s
w"rp being rsooTdei at 81 and even u
SBI9 Enormous Quantities u Whea
"..e Ior sale from every direction, Ii
WAS hArd to seH, buveTs beiug relt-
tivSly ry scarce. III ,rris, CIussel.
nano d LiudblOm wore particularly
conspicuJus ssliere. L. lU0ksu a.
II many vi the hul leTs were awaiting
the excitement TO realizs pfOii.s b.
ceiling.
The lowest p int rascaeI wa, 95 fJi
sept, a plunge of 75c from the nigh
point on the curb.
Corn sympstnig with the SLUMP
In whes AMI the first regular tradIus
was at 33, ana all LIe way dOwntn ~
Tor Sep. as compared with 333.S on
tue euro.
Alter the opening rush to seI, Their
~as some recovery aud at 10 a, M.
5 ,pt. wheat was back to 9S anu Sent.
cJrn 10 81 3S. $ much Sept. wheat
WIS solu mat 1t locke as II the boil
crowd hai disturbed orders. People
found II 20 haTI u sell the Sept. outiou
that they turne1 around and sOll Dsc.
asa he gp.
The Dull crowd took up the market
sgaiu al toe fret ieR miu tie, ami
continued strength at L. v rpooi had
a steadying inf isnce. Gradually the
pFice WORKED 10 10 Ss4 Sept. AMI
Il lcluated between that pgIcs and 0S.
People were satisfied NV TO trAu.
IN oIulnary 5000 bushel tote. The
break In wheat, the milder weather
aud the Dig feceipts checked the corn
market Arm ur, Smith a Bartlett.
Fnaz5r were iatge sellers OF corn,
ATou nj III O'Clock n tendency to sag
was becoming quite notIseRbls anu At
ll:l6 the price ~ September wheat
Was va OF two Cent? uuuer the Tor
1gureu rescued on the rally after the
oresk a! tn opening. Corn fell away
cent to 8 | oepIemUer.
Up y .L., there were no futlhet
sigua OF rally. On the contIary, the
final half hour lor tradiag was inau-
gurated with a remarkable dive fol
lower levels. September wheat went
headlong dow over cent Ia few
moments ~ 9bs September corn slid
down 70 81. L. tone Of toe trade was
decidedly nervous at the Close. The
official closing figures were, e6 Sep
TENDER net loss OF 50 cent. ID uushel
Compared with she J-e Saturday.
September corr close 81 % jsnts un.
der the close Saturday,.
WHEAT PRICES LOWER.
NEW YORR Au.. % Wheat had
aRotner sensational opening Today,
but lees me sideu that OF late. Bulls |
were startled to hnd heavy selling |
orders from foreign and Otnpr sources |
which broke pfices during tue fret
matt hour sbJut iOur cents u bushei
from the highest cutU price Of SsluI. |
d,r. Do. "pened ut l04 br ke ~ |
l0l4 under wig rus seliIug pressure |
a.. mon reD.u- d i woe lily tD 1914 |
later weskenlug 10 l0s{ L,vsrpUU
" hi"a were exc eJingiy sFong Of ~ !
a 8! over Salurdg,. Zoe Frsnc
a. els were disgppoin ting. Tho feel.
log WINS felt in many quarters that II
was time to get profits on wheat even
III ugh Il might eventually Tush
through to l25. Corn was very acuvt
over wide Ta % OF prices. Sept |
opened u lIghe q IS tut later leIl 10
81 with UreBs eat
HEAVY CROPS IN rHE ARGENTINE
BUEEos AYEEs, Aug. 23.--Is Ia eli
cialiy AnnOuuOyJ tuat very lsr.e
crop Of grain Is anticipated in the Al
genuine RepuDnc, The grain under cuI-
tivauon covering larger areas than
ever before.
Tue wool clip, IL is further stated,
will be heavy.
UNFAvoRABLE IN EUROPE.
LONDON, Aug. 70 -lhe Mark Lane
Express Ia It's weekiy review oil thr
grain situation rays;
"rhe wheat harvest 10 about hall
over aud the reports cont ue 10 Dc
fairly favorable, in epile OF inteTup'
tions OF mauy heavy sh0w ors anu the
delay In carrying the wheat out. Tue
Oreign hnrvgs.a are IniavOrAuIy re-
pUrteu. Too latest RIviCes from
Franoe, Austria Hungary, Ru STA an
Roumanis arc all more or ltss uniavoG-
aule."
FREN Oh DUTIES REMAIN.
LONDON, Aus. GA dispatch 10
the Phi Mall q 2s,te from Paris,
phnted this afternoon, says that there
viii be NO reduction Ia the tax on