Salt Lake Telegram | 1928-01-01 | Page 20 | Grain Prices Tilt Upward

GRAIN I Jl European Wheat Demand Reported Good CHICAGO Dec 31 AP Grain AP-Grain rin AP-rin Grain prices tilted tied upward today largely largy owing to reported good European demand for wheat and to possible serious crop damage in domestic Winter inter wheat territory Closing quotations on wheat were unset unset- tied Lied at the same as yesterdays yesterday's finfish finish fin fin- fin fish rish ish to 1 1 l higher with corn corn 8 3 to 1 l i up oats varying from 1 l decline to 3 Sc advance and provi- provi Lons unchanged to torise rise of Upturns in Liverpool wheat whet values val val- ues today were followed promptly fy iby by advices advice that a liberal Iberal a amount of Canadian wheat lia had been bought for or transoceanic shipment Stimulating lating effects on the wheat market maket meanwhile were noticeably emphasized emphasized emphasized sized by byword word that that high winds In Inthe Inthe the West had caused snow to tp drift leaving many fields virtually barof bare bar of any ay protective cov covering rin and subjected subjected sub sub- to subzerO subzero weather In this ti connection special notice was taken of or Montana barometer readings as high as a pointing to probability of ot the te lowest temperatures of the winter inter so far with wih likelihood of ot crop crap cop damage wherever winter wheat is exposed End of the tho year trading rading in De December De De- comber cember wheat was very active shortly horly before lefore the close cose the December De Dc- D- D cember price advanced to 3 cents cento under May Belated Belte efforts to get et to fill fi D December ember contracts lere iere caused the bulge but when thee these wants were filled fied the te market for Tor or December delivery delvery f fell l back to about 4 c cents under May Premiums Premi Premi- ms continued strong song however for foral all aJl al good milling grades gades of ot wheat High ligh protein grades gaes were especially difficult to buy uy I Heavy snows throughout the te corn belt were expected to r retard the te movement of corn to market maket and ando lo 10 o enlarge feeding feeing demand As a consequence corn cn values advanced readily with strength In wheat a a factor actor Oats were also firmer sympathizing sympathizing sy- sy sym sym- with wih other grain grin Provisions were responsive to weather weater conditions which were in indicative in- in of a off falling off in ar- ar rivals Some improvement was noted In cash demand for lard lad A