Salt Lake Tribune | 1918-03-06 | Page 12 | Corn Prices Reach Higher Price Levels

CO! PRICES RET HIGHER KE LEVELS CHICAGO, March 5. Efforts to provide pro-vide enough 'corn to permit dryers here to work day and night and to allow maximum maxi-mum shipments to tho seaboard tended today to lift the corn market. Futures closed steadv, a shade to c net higher, with March at $1.27 and May at $1.27 1.27H. Oats gained c to lffilc. In provisions the finish varied from 17c decline de-cline to a rise of 10c. Industries were active in the corn market mar-ket and took the high moisture content grades, whereas low moisture corn "went to the dryers. In neither case did offerings of-ferings appear to be large enough to satisfy sat-isfy the wants of buyers here, although receipts at primary points altogether totaled to-taled the greatest amount on record. Prospects of unsettled weather with snow acted somewhat as a handicap on the bears, but were offset in a measure by assertions that a cold wave which had been predicted was likely to facilitate the hauling of corn from farms. ' Oats went upward owing chiefly to a lack of offerings rather than to any special spe-cial demand. Improved railway conditions condi-tions east helped the market to advance. Provisions averaged higher, but reacted because of realizing sales. The underlying underly-ing strength was associated with a relative rela-tive shortage of western stocks of lard. Open. High. Low. Close. Corn March. .. $ 5 $1.27 llav .... 1.27 1.27 1-27 1.27 Oats-March Oats-March .. .90 .91Vt .90 .91 Mav 88 .S9 -SS .89 Pork-May Pork-May ....48.50 4S.50 4S.30 48.30 Lard Mav ... .20.20 26.40 26.17 26.22 Julv 26.57 20.27 26.37 Ribs-May Ribs-May 25.20 25.30 25.12 25.17 July 25.67 25.45 25.52