Salt Lake Telegram | 1931-11-12 | Page 19 | Selling out Sends Grain to New Low

SElliNG OUT SENDS G GRAIN IN TO NEW NEN LO lOW Wheat Drops to 7 Cents Under Record High HighPoint HighPoint HighPoint Point By JOHN JOliN P. P BOUGHAN Associated Tress Press Market l Editor CHICAGO Nov 12 Agitating 12 Agitating selling selling sell sell- ing tag out on the part of traders who were eleventh hour buyers during whirlwind advances of late pitched grain prices to lower levels Thurs Thurs- day Wheat went to 7 cents under its recent high point and rye dropped of oil off 8 cents Fresh speculative purchasing purchasing purchasing pur pur- chasing however broadened on the declines owing large largely to persistent drouth reports from the western half haIr of Kansas Resumption of heavy selling carried carried car car- ried ned wheat down to a new low in the thc thelast thelast last few minutes Wheat closed unsteady unsteady un us- steady at the days day's bottom figures 2 1 8 7 cents lower than Tuesdays Tuesday's Tuesdays Tuesday's Tuesdays Tuesday's Tues Tues- days day's finish corn corn corn 1 5 2 down oats 1 off and provisions unchanged to 10 cents decline I RANGE OF LEADING FUTURES CHICAGO Nov 12 AP Grain table WHEAT WHEAT- lUsh LOw Close December 62 s I s 61 gU g March ber 66 May 67 65 66 July 3 r. r 66 i CORN CORN- Dr December r. r U 44 42 42 43 March 41 4 46 46 May 49 48 i g f JulY 51 n 50 OATS OATS- December 26 26 P May 28 2 23 July 29 21 28 Z 25 RYE RYE- December 49 49 41 MArch 56 53 53 53 May 7 5 JulY 56 5 55 55 4 LARD LARD- November December January BELLIES BELLIES- January May May 69 MINNEAPOLIS Mth I MINNEAPOLIS is NJ Nov 12 AP AP- AP WheaL AP Wheat Receipts ReceIpt cars cau compared to 03 93 a year sear ago market lower loner l Cash No 1 northera north north- northern t era ern Iff 74 lik G i No ri 1 dark ir n northern i e IS 15 ISper per cen cent protein c 14 per cent protein 75 tc c 13 per cent protein 75 12 per cent protein N 74 r l 76 iC No il 1 dark erha hard Montana 14 Percept per cerit protein to 10 arrive No l 2 lamber amber durum ST No 2 amber durum r et t. t g 9 9 1 No 0 1 i red d durum D December cember 73 ici c No 2 13 c. c Corn COrn No 3 yellow Oats Oats No 3 26 38 38 Rye Rye No l 1 c. c Flax Flax No 1 KAN KANSAS AS CITY KANSAS CITY Nov 12 AP AP Wheat Wheat I Receipts cars down No 2 dirk dark hard 63 No 3 3 67 No 2 hard bard J c No 3 c No 3 2 I red Ci Ito No 3 nominally 59 c. c Close December SH c Ma May 58 58 ic 58 ic July Corn Corn Receipts 3 34 3 cars down ilc lc No 2 white while Hc No 3 3 I No 2 yellow No 3 3 3 No 2 mixed U N No 3 3 nominally 0 4 Close December Q c May Mar 45 Ci July gye 49 Oats Oats Receipts 0 S cars up lip Ic lc No 2 white nominally No 3 nominally 28 28 1 Rye Nominally Rye Nominally Barley BarleY CASH CASU QUOTATIONS CHICAGO Nov tov 12 Wheat API Wheat No 3 I Ired red Cli No 2 hard hord C No 2 yellow li iCi No Na 2 mixed SIc No 3 mixed I 63 Corn corn N Corn No 3 J mixed 44 44 C No 4 mixed No 1 yellow W No 2 yellow II gg 41 i 5 1 IJ No 11 2 white 4 C No 3 I white 44 New corn No 2 mixed 43 43 e No 3 mixed No 2 yellow C No 3 yellow 41 cc No O 4 yellow 39 9 No 2 white 43 c No 3 white whiLe Oats Oats No 2 white 27 c No 3 white hite 26 S Rye Rye Rye-No J No sales salas Barley Barley iO Timothy seed seed 00 Clover seed aeed Lard Lard 6 92 Ribs Ribs 16 87 Bellies Bellies 1687 LIVERPOOL LI LIVERPOOL Nov 13 n AP Wheat AP-Wheat Wheat Au Aus- Aus 1 Russian average Id Baril Barll 55 Wheat close De December March Ci May Mar 69 WINNIPEG WINNIPEG Nov 12 AP I S S S Low Close II December S 67 S 1 65 S 3 65 May 71 I 69 69