Salt Lake Tribune | 1917-03-25 | Page 24 | Losses in Acreage Lifts Wheat Prices

LOSSES 1 ACREAGE UFTS WfflHT PRICES Market Reacts Because of Profit-taking and Finishes Fin-ishes Unsettled. rnrcwoo, M.-.rh 24. nis looses in t-'-ii-nt- ;is a result of winter Killing; did niiirh id hoisl )f ;iliif of whent to-lay. Tin- iiiinlci, huu -Vi. :i; rvaripd liocauso of Iiroi'iL and In 'no. rn was unKCt- ll'-il, tit thf Hiiiii; as vstfrdav's finish to up. wild .Mav s.r l.(iM--'i 10 $1.01 and July at. to :orn gained c to -v.; oats i'insi-.i ir. off to I'rC advance, ad-vance, and pruvisions un charmed to 17c liili.-r. K. purls from flfvf:n leading" stains Indira In-dira i I'd l ha t ,'i ha nil Din r lent of winter uhrat t.rillory a ren:i t od 4.8S."i.OOO ar-ros. tho h( i vi irnal ever known exi'ppt ciiire. This showing, with a fresh flood of daiiia'-ce reports from west of tho Jlis--Houri river, led lo iinusually free buying tliaL earriei l no market to tho topmost piiefs whieii iho new crop deliveries have Rtlained this senson. f'rnspeets of increased rn-operatton at the I'niteii Si files in supplying food-.stiiff.s food-.stiiff.s to the entente nations counted ina-l--rlally as a help to tho bull sido of the maiUt'i. In adilitiou there were rumors ruin-nt that Argentina was about to de-i;lari! de-i;lari! an em bury o on the export of all Brain. Anticipation of a poor! sized falling1 off in the i'niled Slates visible supply "total on Monday offset to some extent the influence in-fluence of heavy realizing sales in the last hour. In connection with tho visible Mipply outlook, si unified nee was at-laehe'l at-laehe'l to word frntn a Texas exporter t ha t he had sold out all his wheat to alln i novernmeiit buyers and that they were takim? everything in slight. A yp'ressive buying made corn soar to new hi-li record prices for the season. 'I In mora of an Argentine embargo and 1 1 ie eon tinned sen reiiy of domestic rural 1 offerings were prominent factors. Oats rose with corn and wheat. A favorite theory w:is that oats were relatively cheaper liian other cereals. I'rovisionw derived strength from the higher t notations on hogs and grain. Ix'ird and ribs touched the highest prices yet this season. RANGE OF THE IJEADIXG FUTURES. Open. High. Low. Close. "Wheat May $1.90"'s 51.93; $1 .July 1.60?; 1.64 1.60 1.63 Corn May 1.14 1.16 1.16 Julv 1.12 l-lo's 1.12 1.14 i Oats-May Oats-May 60 .61 .6P,i Julv 68 .58?4 .67 .58 Pork-Ma Pork-Ma v 34.37 34.65 34.30 34.60 Julv 33. GO 33-75 33.45 33.60 I lard-Ma lard-Ma v 13.72 19.95 19.72 19.90 Julv 19.75 19.97 19.72 19.92 Ribs Mav IS . 05 18.20 18.00 18.12 July 18.16 18.30 18.12 18.27 CASH QUOTATIONS. Wheat, Nos. 2 L and 3 red and No. 2 hard, nominal; No. 3 hard. $2.00U. Corn, No. 2 yellow, $1.19; No. 3 yellow, Jl.lTta.l.lS; No. 4 yellow. $1.1 aft 1.16 ;. Oats. No. 3 white, 63AiSt'65c; standard, 64if&.S;iV2C. live, No. 2, $1.65. Barley, $1. 051.35. Timothy, 53. 755.75. Clover, $12.OO(ylS.O0. Pork, $34.60. r,ard, $19.90)20.00- Ribs, $17.72fnl8.20.