Salt Lake Tribune | 1918-12-12 | Page 16 | Corn Advances on Federal Forecast

conn on FEDEIjORECAST CHICAGO, Dec. 11. Corn advanced in value today on the correct assumption that a cut might be made In the government gov-ernment estimate of the 1918 yield. The market closed firm, c to vie net highr er, with January $1.31 to $1.32 and May 51.30 to $1.30&. Oats finished 'sC off to c up, and provisions varying from 12c decline to a rise of 15c. Although the government crop report did not become public until after trading trad-ing hours, the tact was well -understood beforehand that the revised figures from Washington in regard to corn production this season were likely to show a decided de-cided srinkage as compared with preliminary pre-liminary estimates. The consequence was something of a bulge all around in prices, especially during the last fifteen minutes. Earlier in the day, free buying of January delivery for a leading elevator company was a notable feature, but the bullish effect on the market as a whole was part I v counterbalanced owing to persistent per-sistent selling of May on the part of commission houses with country connections. connec-tions. Oats held within narrow limits. Trade was light, mainly local. Expected resumption of hog shipments to Chicago tomorrow Largely offset in the provision market the influence of the immense im-mense movement of meats and lard to the seaboard. . RANGE OV THE LEADING FUTURES. Open. High. Low. Close. Corn .Tnn $1.31 St .32 $1.30 $1.31 May 1.29. 1.30 1.2S 1.30 Oats Jnn 72; .72 .72 .72 Slay 72 .72 .72 .72 Tort Tan 4S.95 4$. 75 48.75 May 45.00 45.40 45.00 '45.00 Lard Jnn 2b'. 42 20.45 26.35 26.35 May 25.0 25. S5 25.75 25.77 Ribs Jnn 25.90 25.90 25.75 25.75 May 25.05 25.05 24.87 24.90 CASH QUOTATIONS. Corn No. 2 yellow. Sl.45rol.50: No. 3 yel-lovr, yel-lovr, SI. 46; No. 4 yellow, $1 .35fM.39. Oats No. 3 white, 73(J73c; standard, 73 74e. lire-No. 2, Sl.fiJU. Barley, 80cfri1.05. Timothy, $S.00ft U.W. Clover, nominal, Tork, nominal. Lard, $2i. 85. Ribs, nominal.