Salt Lake Tribune | 1912-12-06 | Page 11 | Buying Flurry in the Wheat Market

iBUViniG FLURRY IN ' THE WHEAT MNKETj i i Rumor From Argentine That Crop Is Being Menaced by Hot Winds. CHICAGO, Dec. 5. Wheat prices bulged today on account of a buying flurry, the result of hot winds menacing lho Argentine crop. The market finished fin-ished strong, lo to Ec up. S'cared shorts In wheat began to cover at the first tap of tho bell on unfavorable weather wea-ther reports. Longs, taking profits on tho advance, caused a reaction In wheat after midday. Liberal clearances proved helpful In bringing about a rally. May wheat ranged from t'Ol&DOSc not with last sales WJc net higher at 903fcp20Ic Hedging sales of corn by country houses offset bullish sentiment due to rain, cold and snow. May closed at 1SJ f1S?c. Cash grades were firm. Talk of a possible squeeze In tho December De-cember option made the oats market firm. May closed at ."J.'K&SGic. Provisions ruled stronger. Pork closed 10c to 15c lilghcr. "Wheat Open. Hlsrh. Low. Close December .. SI? S3 811 S13 May ...... 01 91t 90i P0Z July SS SSi S75 S7Z Corn December .. 40 50i 49i 193 May IS 10i 4SJ 4S3 July 19? -19i 191 i Oats December .. SIS 32? 313 22 May SH r.rJi 32? 334 July 33 33i 33 C3S CASH QUOTATIONS. , Cas'h quotations were as follows: Flour, steady, ryo" No. 2, 62c; barley, feed or mixing. 4.!$ 4 7c: fair to choice malting. 57(570c: tlmnthv seed. 53.00iS'3.90: clover seed, 510.000 1S.Q0; mess pork, $17.75tfJi 1S.O0; lard (In tierces), $11.05; short ribs (loose). 510.00(5)10.621. GRAIN STATISTICS. Total clearances of wheat and flour wcro cnual to S02.000 bushels. Primary receipts were 1,521,000 bushels, compared with 773,000 bushels the corresponding day a year ago. Estimated receipts for tomorrow: Wheat. 29 cars; corn, "Zi cars, oats, 135 cars; hogs, 23,000 head. Coffee Futures Steady. NL7W YORK, Dec 5. Coffee futures closed quiet, net three points higher to four points lower. Salos, 43,000 baps. December. 13.0Gc: January. 13.16c; February. Feb-ruary. 13.21c; March, 13.45c; April, 13.55c: May, 13.GGc; June, 13.70c: July and August. Au-gust. 13.76c; September, October and November. No-vember. 13S2c Spot, quiet; Rio. 7s Hie: Santos. Is 16ic; mild, quiet; Cordova, 161lSc. Evaporated Fruits. NEW YORK, Deo. 5. IS'aporatcd apples ap-ples Quiet. Prunes Steady: Orcgons, 5J(3'91c. Apricots Inactive. Peaches Firm. Raisins Quiet.