Salt Lake Telegram | 1916-03-01 | Page 6 | Advices Cause Wheat to Sag

Advices J I Cause Wheat to Sag CHICAGO March h 1 Reports 1 which i b med emed to indicate an energetic begin begin- submarine cam- cam of ig of Germanys Germany's new ign had a bearish effect today on oneat eat leat Assertions that several British tamers had already been torpedoed ve vs ve rise to talk that shipments from might be made a virtual im- im The were bulls also alar handl- handl by estimates that the amount of eat icat still being held In the United ates des was 8 larger than had been gene genery goner gener- 1 y Y 1 supposed Opening prices which rica ded from c lower to c advance decline all 1 is s 5 followed by a substantial Initial quotations w wore were re for May ray and to t Torn orn rn suffered with wheat A bearish was wa placed on estimates of m r-m reserves of corn as well wen as of ot wheat ter opening V A to Ic lc off the market to sag Mg Oats merely reflected the action of ot ler ier cereals Trade was wall active and beti bet- bet i b divided than usua usual Higher prices on hogs gave strength I provisions Weakness of the grain acted only as lUll an offset In part e. e Open High Low Close Wheat Wheat- t Ly IY lyl orn- orn yi 74 75 76 73 7 74 Tn- Tn 74 74 75 73 13 73 73 ats- ats LY 43 48 i 43 42 42 ly IY lyl 41 41 41 40 41 ork ork- Ly rr 2080 2091 2060 2095 y 2085 2092 2067 2090 bard bard- jard 1057 1062 10 1052 52 1052 ly 1077 1080 1072 1070 Ibs- Ibs 1160 1160 1150 1167 Ti Ir ly 1170 1172 1160 1167