Salt Lake Telegram | 1914-05-28 | Page 17 | Rain Spurs Bulls in Wheat Action

RAIN AIN SPURS BULLS I IN ACTION CHICAGO May I Too S.-Too Too much rain rin In Oklahoma had ha a bullish effect today on the wheat market maIet here Many fields al almost almost al- al most for the harvest harest were ere reported to havo have been beaten flat fat to the ground grund by storms Dispatches told of three Inches of rain in twenty-four twenty hours with ar ap ad additional fall tal expected After opening lc off of to lc Ic up the market made moe some ad advance advance ad- ad a- a vince vance all aU around Danger from rust rust in me the e Southwest tended further to lift quotations So S also did big charters of vessel essel room for Mon Mon- Ion Ion- treal trel May Ia sold at 1 fl 1 the tho highest price of tho crop crop year ear Closing prices pries were were nervous ac a above e last nl night ht Corn weakened owing to reports that Argentine damage had been been exaggerated ted Pit Pi demand here hero was was' meager Pries Prices I which started unchanged to ic lower loer con- con I to sag Mg Later them arket arket country countr of offerings of- of proving light The close was sted steady Jc je off otC to lc c up tip compared with last night Free selling turned oats downgrade Tho The May tay seln option broke more moro than a cent Signs of ofa a. a 0 complete ending of at tho the drought was hl ny responsible Speculative pressure b by hr stock yards traders took the edge edle oft off of the the provision pro market First sales tales averaged about the same as last night but hut afterward there was a gradual decline