.jGROP damage talk
v SWINGS WHEAT UP
si,-.
?aneo IIolpod b\ Wallace's
Stand in Favor of Prices
y/y. Above Pre-War Level.
Chicago, May 11.?Increased anxiety
over crop damage reports helped to
bring about a decided advance in wheat
||(jiy. The market closed strong, 3%c.
,tO 514c. net higher, with May $1.4-1 to
$1.44% and July $1.16'., to $1.16%.
Corn gained \c. to T4c.. oats l%c. to
1 V4<*. and provisions 27r. to 62c.
Oklahoma, Kansas, Nebraska. Texas,
Missouri and Indiana sent unfavorable
news regarding winter wheat and active
general buying marked the day except
it} a brief interval after word was re
ceived that tains had fallen In Western
Kansas. The upward swing was much
facilitated by statements of Secretary
of Agriculture Wallace favoring a higher
?cale of prices than before the war and
indicating belief that business conditions
would be Improved with the settlement
of the German reparations matter. Ex
pectance that the emergency tariff bib
would be passed by the Senate forthwith
was also a strengthening factor In
Bddltlon, country' offerings were small
and gossip was current that the move
ments from first hands would decrease
soon.
.. Cum and oats were helped upward by
wheat's strength. Another hullish in
Jwinee was the knowledge that the
jjbulk of the 1.2S0.000 bushels of corn in
{public elevators here has been sold for
sahlpinent.
? German acceptance of the Allies' terms
{appeared to enllvi 11 demand for provi
nioiis and especially lard.
CHICAGO FRICES.
T ues
Wheat? Open. High. Low. Cloa*. day.
