Salt Lake Tribune | 1906-01-04 | Page 7 | Wheat Market is Firm from the Start

WHEAT MARKET IS i FIRM FROM THE STMT ;iriti Reptrtfl PrtB mbrtail (ip EneoorHg6Diil ti the Baills. CHICAOO, Jan. 3 The wheat market was firm from the start. Initial quotations quota-tions of the Mav deliver, were up !c I to 'tf'c at MSc to tfaWOc. Through- out the day shorts und commission houeea wire iictu,. buyers, and early In the session the market received good support from prOBalMOl iull The nrm feillllg .it the oel,l, ;s ill. principal!) princi-pal!) lo an advance ol the price of wheat at Liverpool. Later iuni. ad vice a fmm an English 1 lop -'.illsllclan to the effe t that Wet I weather In Argentine was ib-lavIng the harvesting of wheat. Krum the same ource came als.. ,1 raporl thai shipments from ports on the liauube will probubly soon be cut off because of ti.. and Of navl- 1 gallon aa a result of k B blockades. A j report that American manufacturers of farm Implements have received many lei-tern lei-tern from Kussla concluding urders strengthened the bullish feeling Still another support for the bulls was the fact that Hradstreet s weekly report Of the world s Visible aUPPly Of wheat did not fomo out. Many local tradcin sold short In expectation that the report Would show 11 large Increase and when the announcement was made that the report re-port would not le Issued today the ma- j Jorlty of the traders covered In haste. The range on Mav for the dav was he- tWeen S.14, ;,nd WSftWr 'I lie III. irk' ' closed firm, with Mas 'vjiv up. l JsS1; W LOOal receipts were somewhat less than had been estimated, and hepe the corn market. May closed stead v ; May, hc up, at 44'v The oats market wns very quiet, but prices he'd steady throughout the day. May closed unchanged at 32H'Cn(c The provision market waa firm, despite a decline of 5c in tho price of live hogs. Local stocks of lard were shown by tha monthly report to bo much smaller than generally expected This was the chief cause of the steady market The volume of trailing, hOWt all small At ihe dose May pork was unchanged lard was up "He and ribs were 2' higher Coast Giain SAN FRANCISCO, Jan. 3.-Wheal -Steadier; Mav. $1.41'. December, no sales. P.irh v Steadier; Mav $1.24.