Salt Lake Telegram | 1916-03-05 | Page 13 | Wheat Market Quiet; Trading in Corn Also Light

WHEAT MARKET QUIET TRADING IN CORN ALSO AtSO LIGHT CHICAGO March 4 Trade Trade wheat has baa been much more quiet and the tho market marlet has had a slight as compared i with yesterdays yesterday's close Somewhat lessened lessened less less- ened foreign demand for cash wheat and futures and the fact tact that shorts had covered pretty well yesterday gave a much smaller total support to values There was some Eastern and foreign buying in a smal way on soft spots but b It was more than offset by sales from the same quarters Final prices are not far from the closings of a week ago Statistics have been a bearish factor I in The h hoie foreign oie trade buying despite believes recent th that Improvement it is too I I fitful and generally inadequate as regards re regards re- re I gards American wheat the Canadian having th the preference Leading vessel authority reports about afloat in Buffalo now being loaded out at rate of bushels dally daily with a prospect prospect pros pros- of more going there within with with- in Jn ten days after atter opening of lake navi navi- gation This grain is largely Canadian Other lOther authorities O report e that the h Canadian a government government gov- gov bl blo has been e unable to o get out wheat t that was commandeered last fall Primary Primary mary arrivals since July 1 last bushels against a year ago and two years ago Shipping sales bushels for export The corn market has been a rather uninteresting and limited affair Values have in a measure reflected th the changes in wheat and the trade has been largely local Primary receipts since November 1 were bu buchels hels against last year and two years ago Shipping sales of which were to go to store Oats trade has been Very much local in character and the volume below that current most o of the week Both sides evidently willing to postpone action to another week Primaries since August 1 were against bushels bushels' last year r Unusually tri l large trade In provisions and a strong market The demand has come from new Investors largely outsiders and from local shorts both stimulated to some extent by the light stocks of ot meats and strong hog market Wheat Wheat- Open Oper High Low Close May 1 12 1134 July 1110 corn corn- orn- orn in May 74 74 7 74 74 July 7 4 74 74 74 74 74 74 Oats Oats- May May 43 43 43 43 A July 41 41 41 41 Pork Pork- May 2150 2162 2140 2157 July 2145 2155 2132 2150 Lard Lard- r ir May 1065 1075 1065 1060 1050 July 1067 1095 1087 1090 RIbs RIbs- May 1172 1187 1172 1170 July 1185 1200 1186 1185 1195