Salt Lake Telegram | 1916-02-18 | Page 6 | Low Reserves Abroad Bring up Wheat Prices

Low Reserves Abroad Bring Up Wheat Prices CI CHICAGO CAGO Feb 18 Sympathy Sympathy with higher prices at Liverpool brought about an advance today in the wheat market here it being reported that offerings In Great Britain were ere exceedingly small and reserves dangerously low Word was at hand also that the government of ot Argentine Argentine Argentine Argen Argen- tine was advising farmers to hold hoid their wheat and was urging that Europe must buy at any cost Complaints regarding the condition of ot the domestic winter crop tended further to give an advantage to the bulls After Arter opening a shade off to toc Uc c c up the market receded a little but then rose all around to well above yesterdays yesterday's yesterdays yesterday's yesterdays yesterday's yes yes- finish Initial prices for May were to and for Ju July to Corn hardened wheat At first however the market was easy owing to favorable weather The opening which ranged from a shade to c lower was followed by a moderate upturn Oats had the same action as corn Trade was mainly of ot a a. local character Some strength developed In provisions despite lower prices on hogs There seemed to be an absence of any pressure on the selling side Wheat Wheat- Open High r Low ow Close May July I Corn Corn Corn- May 78 8 i 4 79 i 78 74 79 July July- i 79 78 78 t Oats- Oats May 48 48 45 4 46 i 4 48 41 48 4 JU July 43 45 4 46 4 45 43 16 46 46 k Pork Pork- May 2070 2090 2070 2087 July 2087 2057 Lard Lard Lard- July 1022 1032 1022 1032 July 1040 1050 1040 1040 1050 Ribs Ribs- May olay 1150 1160 1145 11 1155 55 July 1170 1170 1155 1165 1165