Salt Lake Telegram | 1916-03-04 | Page 9 | Big Crop Forecast Weakens Wheat

BIG CROP CRO FORECAST FORECAST I WEAKENS WHEAT CHICAGO March 4 Predictions that the forthcoming government crop report would show large reserves of wheat to be still in the hands of producers tended today to weaken the market for that cereal In this connection It was said English Engish I buyers r were not o disposed to fol follow fol- fol low advances d nu in nw price rc and that dr reliance a J was being placed on continued liberal arrivals at Liverpool A A. reason given for this tills confidence was the statement that the British admiralty was operating 1800 requisitioned vessels After opening I U c off to jt cup p. p ar with May at to and July at to t the market here underwent a material sag all around Corn eased off oct on account of ot favorable weather for the movement of the crop There w were re also reports of ot needed rains prices having 1 7 which f fallen n varied in e from U gc c Opening decline to a R shade advance were followed by a amod mod moderate rate general setback Oats appeared to luck lack support The majority of ot floor traders showed a a. lean ing to the bear side of ot the market High prices price on hogs gave gaveka a a little firmness fIrmness firmness firm fIrm- ness to provisions Advances however brought Into play standing orders to sell Hog prices brices averaged the highest today since September 10 1914 The immediate cause of ot the strength today was aji ap active ac active ac- ac tive demand from shippers Cattle quotations quo quo- lations were next to nominal Sheep and lambs Iambs met with ready sale Tho The close of wheat was steady hut 40 o to c net low lower or with May at and arid July at Wheat Wheat- Open High Low Close May l July Corn Corn- May 14 74 7 74 July 74 74 H Oats Oats- May 43 43 43 43 July 41 4 U n 4 il 41 Pork Pork- May 2150 2140 2157 July 2145 2155 2132 2160 2150 Lard Lard- May May 1076 1065 1050 July 1067 1095 1005 1087 1090 Ribs Ribs- May 11 1172 12 1187 1167 1172 1112 1170 JUly 1200 1185 1195