The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-10-18
GRAIN AND PROVISIONS.
Reports of Crop Damage Advanced
the Price of Wheat.


Chicago, Oct. 17--Large sales for ex-
port today and reports of damage to
crops in Manitoba and Australia caused
a sharp rally in wheat prices after an
early decline. December closed 1sc higher
| Corn and oats also responded 10 the IN
| fuence of inclement weather ana scored
! good advance. December corn ana My
| oats gaining %ssIlz each. Pork LOST ~,
lard, sc, and ribs, Ziess5c
Storm weather throughout the west
and northwest. 4 little une2siness over
/ the war situation abroad and reports
from the seaboard OF u continued good
| export demand started wheat strong
Fears of a large increase in the visible
| supply, which were afterwards VeTihed,
caused Il period of uneasiness shortly
after the opening. There was a mood OF
/ bullish news later. which caused a gen
( eral stampede of the early short sellers.
REPORTS from New York were TO the eI-
/ feet that exporters were buying DeceIn-
! Der wheat freely with the ocean 1reisht
/ rates advanced to IS cents to Antwerp,
which is considerably above the highest
/ Letter and war figures last spring. Inc
/ reason given for the advance was that
! 100000 bushels had been engaged for eX-
/ port tOday and that there had already
existed a scarcity of vessel room.
| MINNEAPOLIS sent reports that her nour
sales were enormous, with the cash wheat
market strong and that the Manitoba
| crop had been damaged in shock 10 the
/ extent of about 6.oo01o9 bushels by the
! incessant rains of the last three weeks.
/ Receipts were liberal. Chicago receiving
/ 81 cars AGAINST 2St last year, and
Minneapolis and Duluth receiving LIZ
cars, compared with ,4I Tor the same
/ day q year ago.
The primary market receipts reached a
| total for the day of 21SS,c0O bushels,
! against i4S0,0j0 the previous year. Inc
/ visible supply increased 2,36S, 60 bushels
| for the week and shipments OF wheat
I from Russia last week were Z,l6Se0o
/ bushels or $1,000 more than for the Week
/ before Continued reiteratiOn of the re-
/ ports of damage by drought in Australia
] and by wet weather TO the wheat in
/ shock in Manitoba finally carried Decem-
! Der up 10 G4Ac near the close
/ There was big trade in corn and
! prices scored a substantial advance. wet
weather throughout the corn belt. with
| its prospect OF further cutting down the
/ receipts from the country. was the lead
! ing influence. The visible supply in
creased zoe bushels last week.
Receipts today We're |. 1874 cars. DeceIn-
Der opened unchanged at 301sIt3lc and ad-
Yanced 10 3l&c sellers. the closing
oats followed the other grains Re
cei9ts were $40 cars May began shade
| higher at 2S14 ft235s and 23l2c, advanced 10
23S4c and closed at 253sq 25S4c-
| Large receipts Of hogs here and at all
other packing points caused an easy feel
! ing in provisions. January pork opened
&c lower at 9.15: rose to 9.25; sold off to
9.12IA and closed at 9171S The range in
/ lard and ribs was very narrow.
The leadins futures ranged as follows:
WHEAT-No. 2.
open. High. Low. ! Close.
8 8st sis;Gsi;. So sli5a 5i. S sqs54
May :.652saG6 663s E65& $50
-coRN-No2
Open High. Low. Close.
$ S IS: " 81 49, & ss &:
oATs-No.
/ Open. High Low. ! Close:
h RsS7 :.s IS qEs'A So zs3s zsz.ess4
MESS PoRK-Per Dbl
Open. / High. | Low. Close
R 5s5. :: 5 5i5 Sc Sc 5fs III
LARD-Per 100 lbs.
open High. Low. ! Close.
jan Jan. i 5.6sl4 5:07iz 800 800
sEoRT RIBs-Pe. 100 lbs.
open High. Low. Close:
2 Ss6: :: II rs is5 ZEE ZEE ~ e
Cash quotations were as follows;
W heat 2. s4aenk; No. 3 spring
63de4: No. red. 81.
oats-N0. ;, %; No. white. 25G2s; No. 3
white 24d25.
Rye-No. > 49IA.
Barley-No. 2 32d35.
Flax Seed-No. !. 81.
Timothy-Prime seed, 2.30.
Mess Pork-Per barrel. 79Gd79
Lard-Per 100 pounds, 4.95G5.oS.
Short Ribs-Sides Qoose). 515d5.40.
Shoulders-Dry sailed (boxed). $500
4671z.
Short Ribs-Sides Qoose). 5.25d5.35.
Whisky-Distillers' finished goods, per
gallon rs.