The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-05-23
WHEAT ON THE LADDER,
CLIMBING LIKE BLAzES
New High Water Mark for All
Futures Made in Chi
cag0 Pit.

CHICAGO. May 22.-Amid an uproar
OF bullish enthusiasm. wheat prices on
the Board Of Trade today continued their
record breaking tactics, all deliveries
touching new record marks for the sea-
son.
July options sold at sl.03, September
at Sl.043 and December at s1.O5a. The
market closed nervous with prices show
ing only slight changes compared with
yesterdays final quotations. the July
and December deliveries being up &c,
while September was down ac July corn
and oats each closed at a net loss OF &c
Provisions were down 15c to 17ac to
enc
The new high water mark for wheat
was reached on initial transactions which
showed gains OF be 10 lac. compared with
the closing quotations of the previous
livery repeated the opening performance
and advanced 10 n point ic above the
initial figures. Trading was again OF
enormous proportions and prices fuctu-
ated within a range Of two cents. There
was big general demand from the more
prominent commission houses leading In
the buying. Heavy realizing sales kept
the market in highly excited condition
and caused rapid fluctuations in prices.
inc main features In the news gossip
OF the day were the continued absence
OF rain in Kansas and the strength OF
european markets; especially those at
Liverpool and Budapest.
Reports OF damage to the crop were
again numerous, Demand was less ur-
gent during the last half hour. and al
lower level than earlier in the day, the
market closed strong. July opened &c to
1c higher at S1.02 to Sl02A, advanced TO
8 os: sold of to si.ol asd closed at sio1s.
1N tDh nf
si04 to 01.o4i, sold off to s102t and
closed at Sl.03a. December opened lc to
lic higher at Sl.05 10 Sl.05s. sold be-
tween sl.osd and 81 ,o5s and closed at
T.045. Clearances OF wheat and -four
were equal 10 l22, 500 bushels. Primary
receipts were $4,000 bushels compared
with $4,000 bushels the corresponding
day year ago. Minneapolis. Duluth
and Chicago reported receipts OF S94 cars
compared with 372 cars last week and
1874 cars year ago.
The corn market was weak because OF
active selling by cash houses who were
hedging again large purchases in the
country. There was good commission
house demand In evidence, but the buying
was inadequate TO sustain prices. Weath-
er conditions were quite favorable In
most sections for planting and for the
crop already planted and advees from
Iowa reported 80 to 90 per cent OF the
total acreage already In the ground The
market closed weak. July opened a shade
10 &c to &c lower al SIC 20 5a4c sold of
i"6Ssc. and closed at 540o4ac. Lo-
cal receipts were 7a cars with 50 OF con-
tract grade
Oats opened strong In sympathy with
wheat but soon weakened on realizing
by leading holders and continued weak
the remainder of the day July opened
ac to &c higher at 4Tsc TO i6sc, sold or
TO s7c and closed at 47ic, Local re-
ceipts were 80 cars.
Provisions were weak on selling by
local and outside packers, AT the close
July pork was off 27ac at s16.65. Lard
was down l5@1T:c at s9.22s. Ribs were
lower at sS.97b69.
Estimated receipts for tomorrow;
Wheat, i6 cars; corn, los cars; oats,
81 cars; hogs, 1900 head.