Ogden Standard-Examiner | 1925-04-11 | Page 1 | Wheat Makes Sensational Price Jump

I I I MARES MAKES I SENSATIONAL P R I C E Ej j U P Government Report Of Winter Yield Shortage Ohi Chief f Cause CHICAGO April Wheat H-Wheat 11 made a advance In price to today ay J jumping j right at the start as much muth as 7 c a bushel bushelOn On the initial bulge May dev dev- devery delivery ery cry wheat touched 1160 as com corn compared pared parel with la to at Thursdays Thursday's finish The govern govern- government government government ment report Indicating I bushels shortage in the he 1925 probable yield of ot win winter leI wheat as compared with the 1924 harvest I was the Immediate reason The opening In n the he wheat mar mar- market market market ket ket toda today was so 80 wild that thal situ sim- transactions In different I parts of ot the Iho trading pits were at as much as apart Jo Ex- Ex Fx x- x was intensified by the tact fact that the Liverpool market Isho ed showed a rise ot 7 pence Abide from rom th the he general influence of the crop report the opening of ot the market was only LX- LX im impeded x to show about 3 pence gain gala Trading on a big scab scalo contin contin- continI continued continued In wheat and prices went vent well above e the tio figures a though though a wave e of ot profit taking sent the market temporarily to 10 a traction fraction under the opening prices On time the succeeding advance May Mayrose Mayrose rose to 10 4 f Sharp Shari further upturns In price ensued and before the tile final hour bour of the board of trade session was reached the market showed a to- to total total to total tal advance of ot lOc be a bushel with May ay at i assertions by a leading leading crop expert eX that contrary to Jener general l belief bellet recent rains had been inadequate in drought strick strick- stricken stricken en n districts were largely responsible responsible ble bhe for the time additional fresh rise In values no nn