Salt Lake Telegram | 1931-01-27 | Page 8 | Corn Takes Lead in Grain Market

COHN TAKES LEAD IN GRAIN MARKET Price Advances Briskly Lack of Moisture Aids Wheat By JOHN P. P BOUGHAN Associated Press Market Editor CHICAGO Jan 27 P iF Corn and other other oth oth- prices ran up briskly today er grains also advanced Eastern buying buying buy buy- ing did much to hoist corn and and there was as a scarcity of future delivery of of- Unusual absence of moisture was reported over the thc spring wheat belt in addition to dearth in winter crop sections Corn closed unsettled 8 5 to 1 1 4 cents cent higher wheat at 8 1 to 8 7 gain oats 4 1 to 2 1 up UI and provisions un unchanged unchanged un- un changed to 10 cents off Word that central Illinois creeks and springs never before known to tc I have gone dry had failed had a bullish bull bull- ish influence over both wheat and I corn Friends of higher prices laid I stress also on senate action looking to tC I emergency relief use of I bushels of wheat owned by the Grain Grair I Stabilization corporation There were I indications too that overnight ex cx export port business in North American I wheat of fairly liberal volume and that Argentine shippers were Unwilling unwilling un Un- willing to accept any further low lois price levels of the last week Corn developed strength faster than wheat A trade authority said zak I zakI official estimates of a reduction in ir ingrain I grain consuming units of livestock was less than 1 per cent compared I with a year ago whereas production I of feed grains was per cent less I and hay production was per cent 4 less Primary arrivals of corn were bushels against a week ago arjo and at this time last L. L year Oats derived firmness from Irom oth other other er cereals Pr Provisions tended upward with I grains or LEAPING CHICAGO Jan Jail 27 23 lAP AD- CORK Hl h. h ton Low Clofe loee Starch March old 3 64 3 63 t 8 6 i Starch March new 65 64 8 SCOT May old 67 I May 1 new flew t li M 66 07 67 67 67 68 67 September 63 66 WHEAT WHEAT- March larch old oIl 79 79 79 19 March new 79 79 0 79 19 May old 82 si i aiTi May new 82 82 July 66 6 5 i 65 06 OATS OATS- March old 32 i 32 32 May old 33 33 32 32 May new 33 32 33 July 32 31 32 RYE RYE RYE- March old 39 35 39 olny old 40 29 40 new 41 II 40 40 July 40 40 LARD LARD- January March May 1533 BELLIES January 1115 May 11 II 25 23 1122 11 Ii 22 2 CASH QUOTATIONS CHICAGO Jon Jan 27 AP Wheat API Wheat No 1 red SOr SO No 1 hard No 1 northern spring No 1 mixed Corn Co No 3 S mixed No 2 yel yel- yel low No 3 white chite Oats Oats No 2 white lIte No 3 white Rye Rye Rye-No No sales gales Barley 40 i SIc Timothy seed peed Clover seed Lard 1840 Ribs MINNEAPOLIS Ja Jan ii 27 AP AP Wheat Receipt 67 cars compared to a year yeara a 10 Market unchanged lo to Ic lower Cash CaMi No 1 I northern No 1 dark northern IS 11 per cent protein 73 li 11 per cent protein 73 c 13 pr cent protein 12 per cent protein c- c No 1 dark hard Montana 14 per er cent protein lo to arrive 34 No I amber durum No lo 2 amber durum 63 No 1 red durum Slay May July Corn Corn No 3 It yellow 55 Oats Oats No 3 white while 28 i Barley 30 Rye No 1 3 Flax No No 1 1 KANSAS CITY KANSAS I-ANSAS CITY Jan Jali 27 AP AP Wheat cars car No 2 dark hard No 3 SIc No 2 hard No 3 67 No 2 red non nom molly No 3 nominally Close May lay July Corn Corn Receipts 74 34 core cars UP Vi to Ic No 2 white nominally 59 No 3 1 SlIt 57 No 2 yellow No 3 57 No 2 mixed nominally No 3 SIc Close Clofe May July Septem ber 62 ic Oats Oate Receipt II cars No 2 white hite nominally No 3 3 lc Rye Nominally Nominally c. Barley WINNIPEG WINNIPEG Jan 27 21 AP AP Wheat Illch Ilich Low May Mai 57 57 67 57 July 58 Cash wheat No 1 3 northern 51 T No 2 northern 51 No 3 northern 47 LIVERPOOL LIVERPOOL Jan 27 Spot IAPI-Spot AP Soot wheat heat No 1 Manitoba 78 Bralla Close Starch March March COic May Cl July FLOUR MINNEAPOLIS Jan 27 UP AP Flour tin tn shipments Bran 00