OCR Text |
Show WHEAT PRICES AGAIN Crop Damage Reports From Argentina Responsible Respon-sible for Bullish Feeling. CHICAGO, Sept. 28. Assertions that irreparable drought damage had been done In Argentina carried the wheat market sharply upgrade today, regardless of reports re-ports that Greece had jointed the Anglo-French Anglo-French allies. The market, although unsettled un-settled at the close, was 2c to 2ic net higher, with December and May both at ?1.547a. Corn Rained H&c to lc and oats trvc to c. In provisions the outcome out-come ranged from 5c decline to 40c advance. ad-vance. Not withstanding that at the outset wheat prices, responding to the news about Greece, took a quick downward swing, the bulls soon regained control and then lifted the market without any subse-! subse-! quent material check. It was contended by some authorities that the action of Greece had been largely discounted in advance ad-vance and that one effect would be to facilitate North American breadstuff purchasing pur-chasing for her account. In any event, the Interest of traders turned chiefly to the crop situation in Argentina, where predicted rains had failed to appear and where latest advices indicated that whether wheth-er moisture came now or not the yield would be seriously curtailed. Exporters were more active buyers of wheat than was the case on the previous day. One of the incentives to foreign as well us domestic buying was gossip that, although threshing in the northwest had been virtually completed, the movement move-ment from first hands was extremely light and that farmers in the spring wheat region re-gion appeared to have adopted a holding policy, despite the urgent demand for flour. , , Big charters of lake vessels for immediate imme-diate loading helped to give strength to corn. The market also was bnllishly affected af-fected hv continued wet weather in the domestic belt and by Argentine damage reports. Oats derived firmness from the action of other cereals. pemand was principally princi-pally from shorts. Month-end evening tip of trades made provisions average higher. The most notable no-table bulge was In September pork, which advanced 40c to the highest level of the season. RANGE OF THE LEADING FUTURES. Open. Hifih. Low. Cloee. Dec?mbe7 11.51 $t.53Ts .1.61 1.M May 1.52 1.55 l.GJ Demtr -T3 -73 -75 May TBH -7fl!4 .76V4 .K Oats December 48 .Ak -S -4!T May 51 -5U -51 Decfmbar K-5S ?S.W . 23.45 January 23.12 23-22 23.10 23.22- December 13-T0 .13.77 JK.70 13.73 JamturT 13.30 ' 13 .35 13.27 13.33 Ribs-October Ribs-October 13.M 1S.SP 13. 8T Jnuarr 12.4S 12.47 12-45 12-45 CASH QUOTATIONS. Wlicat. No. 2 red. li.S(3tl.57Us; No. 3 rrt, $1.52".: No. 3 liai-4. 1.59l-: No. 3 hard, S1.5701.W. Com. No. 2 yellow. 88f?S9c; No. 4 yellow, E4l-ic; No. 4 wh'ttc. gr.AiasaHc. Oats. No. 8 white, WWiHc; atandard, 47iC Rvc, No. 2. nominal. Barley, 75c$l.U. Tlmotbv, 53-505.00. Clover, 511.0014.00. Pork, j:S 30. Lard. S"1 4 - 52. Rlfc, 514. 5214. 0. |