The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1928-12-11
WHEAT PRICES
RANGE HIGHER
Fair Buying Causes Upturn
While Corn and Oats Dis.
play Firmness
SChicago, Dec. 11.-(AP)-

OOHlCHRO, Lee. 1l.-\AT
took the lead today in IN up,
swing Of grain values. There was a
better export demand for corn at
higher premiums, speculative buying
was active, and weather conditions
suggested another lct-up in the
country movement of the corn crop
In addition, estimates were current
that there has already been 50,O0O,-
600 bushels more farm use and
country marketing of corn than at
this time last year, leading to pre-
dictions that the mid-winter run of
corn to market will not be as large
as usual.
Corn closed strong, / l-2c to
7-Sc net higher, dec. "a, March 81
3-S to 1-2, May 90 Ia to 3-8).
Wheat, l 1-Sc to 7-8c up, (Dec.
1.16 to 1-8, March 1.19 3-8 to IL,
May 1.22 to 1-S).
Oats closed 1c to l 1-8c advanced.
dec. 48 1-2 to 5-8, March As Ia,
May 48 7-8), and provisions vary
ing from Sc decline to rise Of &c.
Some improvement of export in
quiry for wheat from North Amer
lea helped to induce buying of wheat
future deliveries here today at times.
In this connection, world prices for
wheat were talked of as relatively
low, and eastern sources as we'll as
the north west were credited with
purchasing. On the other hand.
good progress of the wheat harvest
in Argentina and Australia was re-
ported.
Forecasts of rain in the corn belt,
likely to hamper free shipping from
rural points, gave the corn market a
decided hoist. Country offerings to
arrive were light. Besides, arrivals
Of corn in Chicago today were small
er, BAT cars, and there were 226 cars
Of corn reported as being loaded out
Of Chicago elevators today to fill
Wevious sales
Corn was strong throughout the
day, largely on account of a re-
sumption of foreign demand. Shorts
covered freely, with some reinstat-
ing Of recently sold outlines. Num-
.erous stop loss orders in the flu
lures market vas forced into action
on the way up. Oats were firmer
with corn and on commission house
buying.
Provisions reflected the upward
trend Of grain and cotton as we'll as
Of hogs values.
Minneapolis, Dec. H. (AP) -
Wheat turned firm today, an over
sold technical condition and strength
in corn causing 5.Sc rally. Trade
turned dull but prices entered the
last hour near the top for the day.
Oats rallied 3-S to IL cent with
corn. Rye made small gains with
r7heat. Barley was slow and firm.
Flaxseed futures had a brisk rally
and light offerings and scattered pit
buying.
Cash wheat offerings were moder.
ate and demand was listless except
for low protein No. grades. which
were in fairly good demand at firm
premiums. Fancy whites were quiet
and frosted or otherwise damaged
quality ruled extremely slow.
Winter wheat was in light supply
and basis was steady.
Durum was slow and easy, except
for choice. Red was easier.
Corn offerings were smaller and
demand was good. Basis was steady.
Oats were in moderate supply and
in quiet to good demand.
Rye was steady for milling quail
,@ty, dull and easy for ergoty.
Barley was quiet and easy, except
for good to choice mailing. Price
range was 81 to CSC, extra fancy SO
to zoe.
i. Flaxseed offerings were small and
demand was quiet.