Salt Lake Telegram | 1931-05-02 | Page 11 | Wheat Buoyant, Strong at Close

WHEn BUOY NT ST ONG AT ClOSE I Price Rises on Report of Bi Big Farm Board Sale Abroad Jumps 2 Cents By y JOHN JOliN P. P BOUGHAN Associated Press Market l Editor CHICAGO May 2 Buo 2 Buoyancy 2 ancy d developed de de- in wheat prices today following followIng follow follow- ing reports that bushels o of oC wheat owned by f allies had been purchased for shipment ove over over- seas The reported buyers were a syndicate that included two of th the largest private export interests I Iwas It was wa-s asserted that the price obtained equaled 61 cents a bushel free o on onboard onboard board boarde e vessels els Wheat closed strong at the day days day's top level unchanged to 1 8 5 cents higher showing In some cases a a. jump jum of 2 cents a bushel from earlier bo hot hot- torn tom figures Corn Com finished at 8 1 8 1 1 l decline to 3 Sc advance oats unchanged unchanged un un- un changed to 1 l down and provisions provision unchanged to 17 cents setback Reports that a large amount of oC go go financed wheat at the A Alantic Atlantic At At- lantic and gulf gull seaboard had been dl disposed dis- dis posed of to private ate exporters rallies from early carly declines Th The amount of or wheat sold was estimated estimate In some quarters as perhaps to bushels An official slat st ment confirmed that the grain crain stabilization corporations corporation's Atlantic c an and gulf stocks of hard winter wheat ha had been sold and that the unsold portion of or the tile corporations corporation's recent bushel offering for export shipment consisted of durum and Pacific coas coast wheat On the upward swing of or wheat prices early losses were more than wiped out and an all nIJ around advance was scored The rise took place d despite de- de despite spite a handicap from stock market marke unsettlement July wheat showed showe particular strength Com Corn and oats oat fluctuations were governed largely largel b by bythe the course of or wheat Provisions Pro sagged aged out to absence o of important buying R. OF LEADING CHICAGO OO May 2 3 P f. AP Wheat Wheat- Low Lo CIo Close May old 82 S 81 j J 81 do n new w 84 84 34 July 61 61 63 September 63 61 i 63 December 66 66 ri 64 66 66 Corn Corn Corn- May old 55 SS 4 54 55 do new hew new 56 56 6 55 53 5 55 1534 r July July Si STU 56 57 7 September 17 57 56 56 87 67 December 30 JOU 43 49 6 50 00 Oats Oats- tr- tr stay May old 26 2654 23 2354 36 26 1 do new 26 26 25 26 2654 July e 26 i 26 t jg 28 26 September 2554 25 5 i 27 27 27 December 30 30 O 21 i 29 29 Mf old Z 30 32 do new new 2 32 30 3 32 2 July 33 i 35 September 37 37 35 37 December 40 33 39 39 tO Lard- Lard May July JulY 87 September 85 au 85 Bellies Bellies- lI S M May Jut July I. I O S KANSAS K CITY KANSAS CITY Mar May 2 AP Wheat AP Wheat Tie cars unc unchanged No No 2 dar dark hard ard nominally No 3 nominally No 2 I hard hord 13 c No 3 ir 72 No ova 2 red nominally 74 No 3 3 nominally nominal nominal- ly Iy Close May 7 71 ic Ci July 51 c S Septem Septem- plern ber e. e beb Corn Receipts Corn Receipt 60 CO cars unchanged No 2 white whitt O r No 3 49 No 2 yellow 61 No 3 c 50 No 1 2 m mixed 8 No 3 Close I e Stay May c ic 50 i July 53 c Sep Sep- ember December e Oats Oats ts Receipts 3 CArs cant No t 2 white nominally 23 29 l No 3 3 28 Sc Rye Rye Nominally Nominally 12 Barley Nominally Barley Nominally 3 H e. e C MINNEAPOLIS MI MINNEAPOLIS May 2 Wh AP Wheat Re AP Wheat at Re I 13 J cars compared to 63 a year Jear aro market cent hither r. r Cash No I 1 north frn em 79 79 No I dark northern 9 15 per cent protein 14 per tent cent 13 per cent protein 9 ft 81 ic 12 n per fler cent protein i c c No 1 dark hard Mo Montana nt 14 is-er is i er r cent protein to arrive e 77 nCI lilies ci No 1 I amb amber r durum 73 No 2 I amber durum No 1 I red durum May Stay June Jun-c. July Jul 74 e September 63 34 C. C Corn Corn No 3 rr yellow w. w Oats Oat Oats No 3 white hUe 24 aHe Barley Barley Barle 31 Rye Rye No 1 I. 32 c. c Flax Flax 11 No I 1 1 2 5 WINNIPEG WI May Jay 2 lAP lAP- AP Wheat heat Hl fish rh Low Close May May S J 62 62 S 60 J 3 62 July H tt III 6 l n October r 63 g 65 oJ Cash wheat wheat No 1 I i northern No 2 northern 9 Ci No 3 northern c. c S CASH S QUOTATIONS g Wheal P Wheat 1 I CHICAGO May Mar 2 AP No hard lard S r. r No 1 northern sprint spring 8 Ci CiN N No 1 rulx d. d SIc Corn Corn No 2 mixed SIc No 2 J yellow t 6 c No 2 white 6 1 t 7 r. r Oata Oats Io No 2 white No 3 white 11 t. t Rye No Rye No sales salu Barley ul 38 38 Timothy seed ltd S. S Clover rr seed d 1100 Lard Lard Ribs Ribs Bellies Bellies 1925 5 LIVERPOOL Ota LIVERPOOL May 2 1 AP Spot P Spot wheat wheat- Victorian No 1 Manitoba c 85 BarK BarIL Wheat close close Mar c Ci Ju July 1 71 n c October Oc Oc- tober E c. c