Salt Lake Tribune | 1913-09-14 | Page 23 | Wheat Shows Small Advance in Price

WHEAT SIMS SMALL iDWEJ PRICE Market Receives Support on Account of Liberal Demand De-mand From Europe. s CHICAGO, Sept. 13. Wheat today received re-ceived excellent support on account of higher cables and because of liberal demand de-mand from Europe. Although easy at the close, the market showed a net advance ad-vance of a shade to !3c Corn finished Wic to lc under last night, oats off slc to 8c and provisions down 2Jc to lfc. According to a leading authority, the wheat crop In France was 30,000.000 bushels bush-els short as compared with a year ago. in view of this, traders were Inclined to give sharp attention to export sales here, which were snld to have reached 340.000 bushels. The foreign inquiry was chiefly for hard winter and durum. Falling off in receipts northwest tended to prevent any reaction. There were also dispatches from Portland, Or, telling of big sales of Hour for China, In addition, St. Louis messages were emphatic in pointing out that the use of wheat as feed instead of corn In the southwest was dally showing a matcrlul Increase. Belief that the movement from the country would 'hold at the current level all of next week or longer put the corn market under pressure from short sell ers. Shipping call was light, the cast taking only small quantities. Frost reports re-ports caused a Hllght bulge at the outset, but tho crop was generally regarded as beyond danger. Provisions gave way under liquidating sales by Hpeculutlv longs, including a number of stockyards traders. Inventors took hold well at the lower prices. RANGE OF THE LEADING FUTURES. Wheat Ojn. HUh. Lo. Clo. Sept &5 58 J? $3 Uc M 3111 9074 Wi Jlay 9S 9C4 53 Corn-Sept Corn-Sept 7J4 76 7374 7374 Dec 72 72 7174 71 74 74 73 73 Oats Sept 41 4174 4t 41 Doc 41 44 44 l May 7tj ;u 4G74 4 7 CASH QUOTATIONS. Wheat No. 2 red. P3J?9l4c: No. J red. 92? 93c; No. 2 hf.nl. S5OS?4c: No. 3 hard. M',4 S34c; No. 3 northern. 91924c; No. 3 northern, S9?31c: No. 3 f.prln, 85Q90c: velvet chaff. 57 91c: durum. S7Q91C Corn No. 2, 74Q76c; No. 2 white, 7C4fl754c; No. 2 yellow, 7S?i7Cc. Cora No. 2. 7(S75c: No. 2 white. 734C7Gc: No. 2 yellow. 73Q767ic: No. 3. 747i7Cc; No. 3 white. 7S4TSe: No. 3 yclloiv, 7T75e. Oats-No. 2 while. 43 4ft4lc; No. 3 v.hll-. 424043c; standard, 43 0 43c. Rye No. 2. 674c. Barley 60flSlc. Timothy JI.50S5.25. Clover J3.003 10.75. Pork J22.50. Lard Jll.07 Ribs J10.374ll.25. Coffee Futures Steady. NEW YORK. Sept. 13 There- wa not much buslnci; In the coffee market today. Opening was steady at unchanged to 3 points up. Later prices shuwcd a tendency to ease off. There appeared to be no Important change ln the general situation. The closo was steady, not 1 point higher to 3 lownr. September, S, 45c; October. 8.47c: December, 8.54c: January, 8.27c: March. 8.93c: May, 9.03c; July. D.17i Spot. iulet; Rio Noj, T nnd 9, Santos No. 4. 1174c; mild, dull; Cordova. 12y!6c, nominal.