Ogden Daily Standard | 1916-09-05 | Page 18 | World's Markets

WORLD'S MARKETS i; I r Wheat Makes a Jump. J Chicago, Sept. 5. Bullish estimates L of the yield both in the United States III and in Canada had a broadly strength- 11 I P ening effect today on the wheat mar- 1 ket here. One authority figured that I II tne crop n tne United States was . If 25,000,000 bushels under bread and I If seed requirements. The settlement r of the railroad strike continued also , IB 4- to favor the buying side. Opening ill prices, which ranged from 1 3-8c to 4c M ; higher with December at $1,491-4 to lljl ?L51 and May at $1.51 to 1.52 1-2, were followed by a slight reaction, but Jill then a rally to nearly the top initial Ail values. I Corn hardened with wheat. Rains 18 failed to act as an offset. After open- j ' Ing unchanged to l-2c higher, the 8 market scored some gains all around. 1 f Oats showed sympathetic firmness. I - Hope of export business appeared to j v be the governing Influence. J Highler prices on hogs lifted provl- I ? sions. There was no movement, how- I & 'ever, to sell. 1 f. Sharp further trains In whpat: can. 11.? sued, owing largely to assertions that 8U- conditions of the domestic spring J wheat at harvest this year averaged 1 only 42.4 by far the lowest on record. I . f Besides, there was said to be an urg- L' ent demand from Europe. The close II was unsettled, 4 3-8c to G 1-4 c net II higher, with December at $1,52 8-8 lo I t' $1.53 and May at $1.53 3-4 to $1.54. j t- Corn: Crop reports, especially Vl from Illinois, were bullish and the lip market continued to ascend. The II close was strong at 13-4c to 2 5-8c net y . advance.