OCR Text |
Show WORLD'S MARKETS cnii .i. 3a en i strength developed in the wheat market mar-ket today as a result of the railway i strike settlement. Bullish sentiment was restrained, however, by the continuance con-tinuance of traffic embargoes due to congested freight facilities. Trading was checked also by uncertainty over possible outcomes of the increasing destruction of American shipping in the submarine war zone. Opening prices, which ranged from the same as Saturday's finish to 1 l-8c higher, with I May at $1.84 1-4 to 1.85 1-8 and July at $1.55 1-8 to 1 55 1-2. were followed by limited general gains and then a slight reaction. In corn, as in wheat, firmness resulted re-sulted from the strike settlement, but advances were not of a radical sort. The upturns appeared to be duo to! scarcity of offerings rather than to any unusual expansion of buying. After Aft-er opening l-4c to l-2('5-8c higher, the market continued to harden. Oate sympathized with the upward tendency of other cereals. Business, though, was small. Provisions as well as grain advanced on account of the disappearance of the strike danger. Higher quotations on hogs counted also as a bullish factor. fac-tor. oo Chicago Quotations. Wheat Open. High May $1.84 1-4 $1.88 1-8 July 1.55 1-8 1.58 1-2 Corn-May Corn-May 1.09 3-8 1 12 July 1.07 3-1 1.10 1-8 Oats-May Oats-May 58 1-8 .59 1-8 July 56 1-2 .57 1-4 Pork-May Pork-May 33.50 34.40 July 32.60 33.35 Lard :May 19.30 19 55 :July 19.40 19.55 Ribs-May Ribs-May 17.75 17.97 July 17 80 18 02 Wheat Low. Close. May $1.82 1-S $1.88 July 1.54 1-8 1.58 1-2 Corn May 1.09 1-8 1.11 7-8 July 1.07 3-4 1.10 Oats-May Oats-May B7 1-4 .58 5-8 July 55 1-2 .57 Pork-May Pork-May 33 40 34 40 July 32.60 33.30 Lard May 19.25 19 55 July 19.25 19.55 Ribs-May Ribs-May 17 65 17.97 July 17.72 18.02 |