Ogden Daily Standard | 1915-01-08 | Page 3 | Smashing War Record Prices

SMASHING WAR RECORD PRICES Wheat Quotations Jump at First Gong on 'Change May Reaches $1.41 3-4. Chicago. Jan. 8. Smashing of war record prices for wheat began promptly prompt-ly today at the first gong on 'Change. Opening quotations were 7-8 to 1 5-8c i above last night. May wheat, the leading option, jumped to $1.39 3-1, as I against $1.38 5-8. the tip top for yes- terday. Reports of an ultimatum to Turkey by Italy had an explosive effect ef-fect with buyers. On a second wave of buying, Mav wheat went to $1.40 a bushel, the highest high-est figures, with few exceptions, in fifty years, the parallel thus goins j back broadly to the American civil war. Today'6 high prices were sup-I sup-I ported by dispatches telling of excitement excite-ment in the grain trade at Liverpool, i and admitting that demand there was keen. In the final hour, another cent a bushel was added to the previous values, val-ues, so that May wheat was quoted at $1 41 a bushel Meanwhile it wa3 announced that bids from Great Britain Brit-ain at the American seaboard had risen ris-en -1 cents as compared with yesterday yester-day It was also stated that a cargo of durum wheat had been sold at $2 07 delivered in Italy. Only 24 hours ago. it was thought a marvel to get $1.99 1-2 for durum delivered abroad. Berne. Switzerland. Jan. S. 10:40 a. m. The American dollar is now worth 5 francs 25 centimes (S1.05) at Berne. This represents a remarkable remark-able rise since the opening of the war when checks on American j ield-ed ield-ed only three francs fifty centimes (70 cents). The rise In exchange is due to heavy buying of grain in the I United States for Switzerland. oo