Show SALES SLASH WHEAT PRICES Omission of Import Duties by Great Britain Causes Speculation By JOHN JOliN P P. P BOUGHAN Associated Press Market larket Editor CHICAGO Feb 5 Slashing 5 of wheat values resulted Friday from sales here by spread traders who were making simultaneous equal speculative specula specula- tive purchases at Winnipeg Much Interest was shown in statements state statements ments indicating that Great Britain's omission of import duties on wheat had been more or less offset by the fact that imports of ot wheat were ex cx- expected to be governed by a quota tern tem Seven-eighths Seven of British imports of breadstuffs from the United States have been wheat and one eighth flour Wheat closed unstable 4 3 1 below yesterdays yesterday's finish corn 4 1 1412 2 1 cent down oats l 4 3 1 S 8 3 off and provisions varying from 20 cents decline to a rise of ot 2 cents S RANGE OF LEADING FUTURES CHICAGO Feb 5 AP AF- AF Wheat Wheat- High h. h Low Close March S 4 t 56 S 4 55 i t S 55 May 59 59 58 58 58 July 59 68 58 58 September 60 eoA I. I 9 60 80 fO Corn Corn Corn- March 36 4 36 4 36 36 May 39 39 8 I 39 8 39 39 i July JUlY 41 41 41 41 41 se September er 42 42 42 42 42 D Oats Oats Oats- May 25 12 I 25 July July 24 21 1 24 4 September 25 Rye Rye Rye- May olay 46 46 6 45 45 45 July July ulY 47 47 46 45 i 46 48 i I September eE b er Lard Lard Lard- March 87 Stay MAT I J July u Bellies s R 17 May 5 35 CASH QUOTATIONS QUOTATION CHICAGO Feb 5 AP Wheat AP Wheat No 2 ha hard No 3 hard l il No g 2 yellow jo hard bard Corn Corn No 2 yellow old 38 38 c N No 3 mixed 34 jc c No 2 I yellow No 3 yelo yel yel- low 3 c No o 2 ii white 38 c c No No- 3 w white 35 I Oats tto 2 whIte 25 c NO 3 white Rye Rye No No sales ules Barley Barle 42 12 Timothy seed sted seed 1350 3 75 Clover seed 1475 Lard Lard M 72 Ribs RIbs 75 Bellies Bellies KANSAS CITY KANSAS CITY Feb 5 AP Wheat Re Wheat Re cars lower No 2 dark hard 50 SOU nominally No 3 58 No 2 3 I hard 50 No 3 3 50 50 4 No 2 I red ned No 3 3 nominally Close Slay May c July 50 c September 51 ic c Corn Corn Receipts Receipts 32 cars lower No 2 white 36 i 36 37 c nominally nominally- No 3 3 34 V c No 3 2 ye yellow ow- ow 36 j 36 nominally No 3 3 No 2 mixed nominally No 3 3 c. c Close May 37 c July Oats OatE s 3 s cars car unchanged No 2 white nominally No 3 nominally Rye t Rye nominally I Barley Barle 31 I MINNEAPOLIS MINNEAPOLIS Feb 5 AP AP Wheat Wheat Wheat- Receipts 52 cars compared to a year ago no market 7 lower loer cash No 1 I northern north- north ern cnn 70 73 No 1 dark northern 15 per cent 77 80 14 Ii per cent protein 77 8 13 per cent proteIn n. protein 12 per cent protein 70 73 No iJ 1 l dark hard rd Montana 14 U per cent pro pro- loin tein 71 to arrive 70 No 1 amber durum 89 2 No 2 amb amber r durum dunum 88 92 No 1 red red durum 55 55 sY'S MM May 58 8 IH July 57 September 64 g Corn Corn r No 3 yellow yg 33 H Oats Oats Oats-No No 3 white 25 Barley Barler 40 Barley 40 54 Wae Rye Rye No o 1 44 Flax Flax No No i 1 1 g 42 4 LIVERPOOL LIVERPOOL Feb Fob 6 5 AP AP Spot Spot wheat wheat- t Australian Ja l i. i g Russian average aVera 5 4 Ban Baril 1 Sd T Wheat closed 53 i May 55 July 57 4 exchange 46 S WINN WINNIPEG III G WINNIPEG Feb 5 AP AP Wheat Wheat Wheat- High Low lw Clos Close Clon May 63 si i 63 62 my X 64 U i |