Salt Lake Telegram | 1931-04-22 | Page 17 | Grains Fail to Hold Price Bulges

G GRAINS INS FAIL Hll TO HOlD PRICE BUlGES By JOHN P P. P BOUGHAN Associated Press Market l Editor CHICAGO April 22 P JP Grains failed to hold price bulges Wednesday Wednesday Wednesday Wednes Wednes- day and the market turned Irregularly irregularly irregularly downward down In the late dealings Influenced by the course of securities Buying of wheat future deliveries deU was vas largely l. confined to previous sellers who were in a position to t collect a profit Slackness of export demand for tor North American wheat was a bearish factor Wheat closed approximately approximately approximately l 81 lower corn l 8 off of oats 8 1 down clown and provisions showing 7 to 35 cents decline In addition t to the thc bearish influence of moisture at various places northwest northwest north north- west and find In Ohio Kansas Kana Oklahoma and Texas said that although frost was reported d. d no damage had been done to wheat Supplementing these advices were official weekly crop summaries showing domestic winter wheat conditions generally good to excellent Unsteadiness of securities tended to pull wheat down clown Another upsetting factor was the thc announcement announcement announce announce- ment merit of ot the Canadian premier that there would be no pegging of prices while he held office Rallies which subsequently developed devel el opec In wheat prices were associated largely with trade reports that a more definite announcement of the federal federa farm boards board's export policy polley was expected cx- cx These reports suggested that thai after the 1931 United States wheat crop entered the market the farm board might announce a a. decision as tu asto to whether the board would keep in Is storage for tor a year ear or more the remainder remainder re re- of government sponsored old Ok crop holdings Higher closing quotations quota at Liverpool than were expected served t to promote rallies rames here Corn Corr Cornand and oats were governed chiefly bj wheat Provisions reflected downturns in Is hog values RANGE OF FUTURES CHICAGO April 22 2 AP AP- AP WHEAT WHEAT- HI High h. h Low Close May Slay old 82 82 J S 81 J 5 81 do new 83 83 82 82 July 65 61 63 63 1 61 September r 63 63 December rc rei b ei 66 g COn CORN CORN- N- N May old 60 60 SOi 59 do new nev new 61 61 60 60 July July 61 61 S September 61 December Si 54 53 53 OATS OATS- Slay May I old Ie 30 gU i 29 do new 30 30 July 30 30 I September 30 30 30 December rr 32 32 32 g RYE RYE RYE- Slay May old 4 36 do new new 37 37 36 35 July 38 4 38 September r 40 g 40 g 40 December 43 43 LARD LARD- May tay 8 50 3 0 40 8 40 July 8 62 8 53 8 55 September 8 70 BELLIES DELLIES- I May a 9 9 July JUly 10 25 10 1005 OS 10 1005 05 C CASH n QUOTATIONS QUOTATION CHICAGO April 22 No 2 red 81 c No l 1 hard 82 e No l 1 spring nit Corn Corn No 2 mixed mired No 2 white c. c No 1 yellow Oats Oats Oat No 2 white 31 c n Rye Rye-No r-No r No sales Ba Barley BorleY 40 0 Timothy seed aeed 5 Clover seed eced 25 KANSAS S CITY KANSAS CITY crry April 22 AP Wheat AP-Wheat- Wheat Wheat- Receipts cars unchanged to Ie hish- hish rr Cr No 2 dark r hard nominally No g 3 n nominally I I r No 2 71 hard haitI 1 12 c No 3 3 71 No 2 red nominally 7 c No 3 nominally 7 73 Rile c Clo Close f Ma Stay May 73 13 Bc lc July ic 57 c Septem Septem- bee 57 Corn Corn Receipts cars unchanged to lower W N No 2 white c No 3 2 No 3 yellow 54 4 fUt 3 No o 5 3 62 53 c c No 2 mixed No 3 31 Close Closet May Mar 54 st ic c July Jub c Septem Septem- ben ber MIle 61 c. c Oats Ont Oats Receipts 3 cars unchanged to He c higher No 2 white nominally 32 No 3 3 C. C Rye Rye Nominally Nominally Barley Barley Nominally Nominally 4 c. c WIS WINNIPEG WINNIPEG April 22 AP AP Wheat Low Clo Close May rray J 63 63 6 61 61 61 July 62 63 October 64 64 Cash wheat No 1 northern lc c. c No 2 northern c. c No 3 northern 5 1 c. c LIVERPOOL 01 LIVERPOOL April 22 AP AP Wheat Wheat close doze Ma Slay May 66 66 c o July 68 c. c October lOc c Spot t wheat Victorian 1 72 C l No o. o 1 M Manitoba 3 c c Barll lEr c. c