OCR Text |
Show SHARP ADVANCE IN IE PRICEOF WHEAT High Premiums for Immediate Im-mediate Delivery Cause Covering by Shorts. CHICAGO, Sept. 10. Wheat made a sharp advance today, influenced chiefly by the virtual exhaustion of contract stocks here and at some other leading centers. The market doped strong, lc to 8r net higher, with September nt 3Plc and December at J4c. Com finished 1 itilr up and oats with a gain of Jc Ul lb. In provisions the outcome varied from Be deHtne to a rise of IflfeO. MlKh premiums for immediate dellvery of wheat caused general covering by shrts. eitpeelally In the September option op-tion The extreme scarcity of No. 2 red winter here was shown by the payment of lR4r a bushel prendum for that grade on tbe spot, as rompared with ordinary September contracts. St. Ixuis and Kansas Kan-sas Cltv reported similar conditions as the reult of what a well-known authority referred to as the most extraordinary delivery de-livery ever rerordet as to the movement Of winter wheat. Heavy rains, which have interfered with thresh Inn and shipping ship-ping and which were again prevalent today, to-day, led to assertions that not for several months. If at all this season, would there be any big accumulations of winter wheat at the principal primary markets. Not withstanding further talk of the slowness of export demand, belief was expressed In some quarters that more biisiness with foreigners was being done than has been announced from day to dav. The week I v statement of exports was mentioned as evidence In this respect. re-spect. No actual sales to Europe were disclosed today except nn.nnn bushels of Manitoba wheat at the seaboard. rvrn ruled firm with wheat and as a result of cooler weat her with some reports re-ports of frost. At one time the market wa s depressed hy rat her Hvtty -ommIs-ston house selll nr. but the effect failed to last. "ats were firm throughout the day. Offerings from the country proved very small. Hoars at the hirbet prices of the year tended to 11ft provisions. Packers, though, turned sellers and rave a check to any decided upturn in lard or meats. RANGE OF THE LEAPINC; Ft" TV RE?. Wheat Oten. HI ah Lew. Clowe sept i y I "'- f S Dec wu Mm MM M Hay .' t7 HU 97 Com Sept .TIM .TH .704 .n Dec MTi .S MS STH Oafs Sspt U'i . KS . M . S' Dec 14 fc SCS CASH Qt'OT ATIONP Whrat. No. 2 ted. St.07Sei-lZ: No. ! hard, nominal Torn. No. 2 mellow, TTSfTRc: other nominal. Oats. No. .1 white. afflc: ttaMard. Ita it ye. No. ?r'ac. narler. SOfK-V. TlmoiM . i:. SCS iO. riorer. ; Tor-W. 112.05. '. tK Rlb. IT 3TOS.1I. |