Salt Lake Tribune | 1910-09-04 | Page 11 | Yield of Wheat Will be Heavy

YIELD OF WHEAT ILUEHlf Expert Says Government Estimate Esti-mate for August Is 19,000,-000 19,000,-000 Bushels Higher. RESULT IS TENDENCY TO DEPRESS PRICES Corn and Oats Are Rather Inactive, In-active, With Only Slight Change in Prices. By Associated Press. CHICAGO. Sept. 3. According to an expert estimate here today the total wheat crop In tho United States is 19,-000,000 19,-000,000 bushels larger than the government govern-ment Indicated in the August report. Influenced In-fluenced by the new figures, tho market mar-ket closed with a weak tone at a not decline of 8lc to Ec. The end of trading left corn at last night's level to g(gic below, Oats unchanged to kaic down, and provisions at tho same prices as twenty-four hours previous, or varying vary-ing to 15c gain. Larger speculators In wheat attempted to stampede shorts because of tho holiday holi-day Monday, but the short Interest had apparently covered rather freely yesterday yester-day and was more disposed to sell today. to-day. Features of weakness, aside from tho bearish forecast as to tho government report, were the prospects of large receipts re-ceipts northwest next week, heavy world's shipments probable and the fact that purchases In Oklahoma and Toxas tho last two days were said to bo the most extensive this season. Barring a little show of strength which appeared at tho start and was due to light deliveries, deliv-eries, the market ruled heavy all day and closed easy at nearly the bottom figures reached. December ranged from $1,041 to $1.04X, and finished iKQ'ic to 8c off fit S1.03 to 51.031631.032. -Corn traders wore looking forward to a liberal run of arriving car lots next week. Demand was still good, especially from the east. December kept between 578c and 57Ec and closed unchanged to a shade lower at 57ic to 57fic. Tho cash market was weak. No. 2 yollow closed at 591c. Tho oats market was inclined to be easv with other grain. December lluctu-ated lluctu-ated from 3G8c to 3GJc. Pork wound up changed to 15c dearer; lard at 71c to 15c advance, and ribs unchanged un-changed to a gain of 71c to 10c. RANGE OF THE LEADING FUTURES, Wheat Open. High. Low. Close. Sept 998 90S 9S5 9S5 Dec 1.03J 1.03 1.031 1.0311 May 1.091 1.091 1.0SB 1.08J Corn Sept 591 59.1 585 5SI Dec 57i 578 578 579 May C0J 601 EDS G0i Oats-Sept Oats-Sept 32S 335 32B 333 Doc 36B 35R 363 3GJ May 393 393 39J 39g Mess Fork, per barrel Oct 20.00 20.G73 20.525 2fl.Ro Jan IS. 024 IS. 75 IS. GO IS. 75 Lard, per 100 pounds Sept 12.10 12.20 12.10 12.20 Oct 12.17i 12.25 12.15 12.25 Nov 11.721 11.75 11.67J 11.75 Jan 10.75 10.75 10.70 10.75 Short Ribs, per 100 pounds-Sept pounds-Sept 12.10 12.10 12.05 12.10 Oct 11.921 11.921 11.85 11.30 Jan 9.971 9. SO 9.75 9. SO CASH QUOTATIONS. Cash quotations were as follows: Flour, steady; winter patonts, ?4.40(R15.15; straights, $4.105.00; spring straights. S4.70W4.90: bakers. $3.505.25; No. 2 rye, 73174c; food or mixing barley, old, 555' 58c; fair to choice malting, new. G870cj lloxsced, No. 1 southwestern, S2.451; No. 1 northwestern. $2.57; timothy seed. $7.50 f?.50; clover. ?9.00(??14.50; moss pork, por narrel, ?21.5021.75; lard, per 100 pounds, $12.20; short ribs, sides (loose), 11. 50ft) 12.121; short clear sides (boxed), $12,375 12.50. GRAIN STATISTICS. Total clearances of wheat and flour wore equal to 10(5;000 bushels. Primary receipts were 1,630.000 bushels, compared with 950,000 bushels the corresponding day a year ago. Estimated receipts for. Mondav: Wheat, 84 cars; corn. 3G1 cars; oatn, 23S cars; hogs, 24.000 head.