Ogden Daily Standard | 1910-07-09 | Page 1 | Sensational Crop Report

SENSATIONAL CROP REPORT Causes Price of Wheat to Reach High Figures".;- - Chicago, July 9. Traders In wheat, excited by yesterday's eosatlonal crop figures, which showed conditions j In the spring wheat- coaatry to-be the wost In ten -years, advanced ( prices for all options 3-8 to 3 1-2 cents at Ihe opening today. - The rovernuient report, which put the condition of spring wheat at'G1.6' and thpt of winter at SU. was mado public after trading hours yc8terd8. It was immediately apparent thero would be a rush of buying order when busluess was resumed In the pit. ' The advance was what a pumber of scattore.i longs, .who had loaded up on' private reports of crop damage; due to the' prolonged drought, had , been w ailing for. They o!d prompt- j ly on the bulge and forced prices back ; a cent during the first naif hour. At the top, July sold at $i.(J 1-2; September Sep-tember at $l.i'.V. December t-l-.0i and May (1911) at $t.9. ; ' New York, July 9. Wheat prices s,hot up 2 3-1 cents per bushel this' morning a a result of yeaterday's sensational bullish government, report on spr.'ng wheat condition, which the traders here Interpreted n ainioit a calamity. A large amount of short wheat was covered on the bulge., i