Salt Lake Tribune | 1911-09-10 | Page 19 | Cereals Advance in Chicago Market

CEREALS ADVANCE IN CHICAGO MARKET Wheat Goes Up, Notwithstanding Notwithstand-ing the Poorest Crop Outlook Out-look in Years. By Associated Press CHICAGO. Sept. 9. Tn view of. the smallest spring crop in many years, as shown by the government roport. wheat again made a substantial advance In price The close was So to I'alc higher than last night. A net gain of exactly the same amount went, on record for corn The outcome for oals yvns a rise of i'FUo lo Jb In hog products the latest figures varied f r? t - 15.; up It was In the last half-hour of the session that wheat show-i the greatest activity and strength. One large local short bought during that lime as much as 1,000,000 bushels of tho December and May options. Earlier In the day the market was retarded by liberal commission commis-sion sales which discouraged a number of longs and caused a temporary dip to within Jc of yesterday's closing tevel. Continued absence of Russian offers at Liverpool, however had a bracing effect. The tone was steady as the market came to a .-lose. Between the opening and flntsli 1 tecember ranged from OT'Tie and 87Jc. with the close at 9T3c a gain of J91C. Corn jumper up on account of bullish construction put on the crop figures from Washington. December fluctuated from 63ic to 61Jc. rloslne steady Jo higher than Jst ii'irln. n K i r., 1; -jjie. fash grades were firm. No. yellow was quoted it 66 6Cic. OatS ascended on the government report re-port of an especially inr shortage continued con-tinued In the yed r.f hay. Top and bottom bot-tom figures reported by the December opinio op-inio were 1 05".' h'.J" and 46c. The close, 46Je. meant a gln of 15 e for the day. The buying side of provisions seemed to he favOred, owing to com scarcity. At the end of trading pork was 5c loyver to 15c higher, with lard and ribs unchanged un-changed to 5c advance. By Leased Wire to The Tribune. CHICAGO. Sept. 8. The wheat market was started upward at the commencement, commence-ment, of the day's session on account nf tho strong advance al Liverpool and the generally bullish information from the other side conveyed by the cables There were some features of (he situation that wero bearish hut the local traders were In no humor to give heed to anything that suggested reasons for lower prices. Continental markets, fr Instance, w re loyver. Berlin and Antwerp ftc lower and Paris down r. RANGE OF THE LEAPING FUTURES. j Wheat Ope,,. High. Low Close. Sept 9:; 9:14 :j5 orijj Doc. 9TJ !1TZ 9T4 9Ti Mfv,r '-' 1 fi3a ' X'H"A Sept 66i r.fij 6 861 Dec 648 r. 4 J 63 648 M'i' 86 861 80 664 Oats f11 481 48 4- Ue,! 46 4:i c 4i May 49t 494 1J 49 CASH QUOTATIONS. Cash quotations were as follows Flow, firm; winter patents, 88.8094 6": sprlnsr patents, straights, 34.2694.ti0 bakers. $.:.60" 4. SO; n0. 2 rye. 851986c' lec.l ..1- nixing l.arl. v. v., fat-- lo choice matting $1.0891 181; timothy seen '" 14 5"; l..v..r. vm in, ni.-.- p,'k. per barrel. $16.75916.871; lard. per 100 fiSStk. If i60: Bhort riW' si,lcs (loose), GRAIN STATISTICS. Total clearances ( wheat and flour were erjmd iu 120,000 bushels. Primary receipts were 1.183,000 bushels, comoared with 1,800.00" bushels the corresponding day a year ago. Estimated receipts for tomorrow: Wheat, 81 ars; corn .196 cars; oatF. 1TI ears; hogs, oh.OOO head.