Salt Lake Telegram | 1916-11-06 | Page 3 | Rains in Argentina Cause Drop in Wheat

Rams Rains in Argentine Argentina I Cause Caus Dro Drop in Wheat I B Bj 7 Press mesa to The Telegram CHICAGO Nov 6 Rains in southern Argentina gave gave a downward slant today to wheat prices here Besides demand was poor on account of reluctance to tomake tomake tomake make new commitments in the face tace of or a general holiday hollday tomorrow The size of the domestic visible supply as compared also to handicap with a year ago tended the bulls Opening prices which ranged from Crom c to lc lower with December at Si 81 to 1 92 A and May Ma at 1 83 to 1 were followed by decided further furthers s setbacks interrupted by brief brie transient rallies Corn weakened with wheat In addition addition addition addi addi- tion the market was bearishly affected by reports reports' that wherever possible stock stockcars stockcars stockcars cars and coal cars would be utilized to ship corn After Atter opening c to he c lower the market underwent a moderate ad additional additional ad- ad decline Oats gave way as a result of depression In other other- cereals Commission lon houses and pit traders nearly all took to the selling side Higher prices on hogs lifted provisions Lard led the advance ance Wheat Wheat Wheat-Op Open High Low Close Dec r 1 1 1304 SO j 1 84 May 1 1854 85 1 1 a 1 1861 86 ry tIg Corn Corn- Corn i Dec 81 85 86 U J 86 May Maj i 87 nt 88 86 88 Oats Oats Oats- Dec 53 54 67 57 May Ma 57 57 67 67 57 57 Pork Pork- r t Jan 2597 2591 25 97 2615 26 13 2597 25 2597 97 26 2615 13 May 2615 26 15 2625 26 25 26 2610 10 26 2625 25 Lard Lard- Jan 1555 15 55 1565 1 15 65 15 1550 50 1562 15 62 May Mav 1557 15 57 15 1 1560 60 15 1565 65 15 1560 60 I Ribs Ribs- Jan T. T n. n 1390 13 90 13 1392 92 13 1387 1381 87 13 1392 92