Salt Lake Telegram | 1932-04-11 | Page 13 | Speculative Buying Causes Wheat Rise

SPECULATIVE TIVE BUYING CAUSES WHEAT RISE CHICAGO April Apri 11 1 P Active speculative buying helped hoist hoit wheat prices rices Monday to the highest level touched in almost a month Official returns suggested that tat as r a result of heavy abandonment the 1932 acreage of ot domestic winter wheat was the he smallest est since sice 1913 with wih only two exceptions A decrease of bushels in the thc United States' States visible supply total today made a reduction of bushels since March 19 Wheat closed buoyant at the days day's top lop op point 3 l 83 4 3 cents cent above Sat Sat- finish corn 8 3 4 3 4 3 up oats oat 3 2 up tip and provisions showing a i rise of 2 to 7 cents RANGE OP OF OF LEADING U FUTURES Chicago 0 April 11 CAP CAP- AP I 1 Apri High Low Close Wheat Wheat- Ma May Welt Welt- 3 J 50 5 i S J 56 J S 59 July old 62 59 62 do new new 02 02 5 59 4 62 September old 83 65 65 do new 64 61 61 64 May May Corn Corn- Cor- Cor J J 3 34 33 33 3 July 37 I 36 37 September 40 OU OJ 33 40 4 Oats Oats Oats- Slay lay 24 23 24 July I 24 24 September e r 25 21 24 H Rye Rye Rye- May lay 43 47 July s 49 43 47 i 49 September t b r 48 49 1 Lard Lard- Ua lay tny JulY Uly 4 12 September 4 83 Bellies Bellies- May lay S C. CASH QUOTATION CHICAGO April Apri 11 1 AP Wheat API AP Wheat No 2 red cd red c No 3 red c o. o 2 yellow hard had 57 c. c No 2 mixed 56 c. c Corn Corn Cor No 2 mixed No 3 mixed 31 l c. c No 2 yellow 33 No 3 yellow 5 23 9 t n No 2 white No 3 white 31 Oats Oats No 2 white 23 24 c No 3 white 22 2 i G Rye Rye No Ko sales sale Barley DaleY 4 Barley SOC Timothy seed seed seed 25 Clover seed seed 1300 Lard Lard Lard- Lad 0 Ribs Ribs SS 00 Bellies Beles 00 MINNEAPOLIS MINNEAPOLIS April Apri 11 1 AP AP Wheat AP-Wheat- Wheat 86 88 cars ars compared m to a a. year ago 0 market 3 higher T cash No 1 northern 0 r 9 o No o fe fem 1 I dark northern e l 15 per cent protein 78 r i 14 no per cent nt protein r f 73 i nN U 13 1 3 per li cent protein 7 12 per cent protein 69 71 7 4 No 1 dark darl hard Mon Mon- tana ana 14 1 per cent cen protein 69 to arrive 68 i. 3 No 1 amber durum 79 8 i No 2 amber durum durm No I red durum 53 i May 66 Jul July 68 Wi i Septem Septem- ber 64 i Corn Corn Cor No 3 yellow oats Oats No 3 white Jt 26 Barley BarleY 40 Barley 56 Rye Rye No 2 2 46 Flax Flax No 1 1 1 41 U KANSAS CITY KANSAS KANS CITY April Apri 11 1 AP AP Wheat Wheat Receipts I cads ic 61 c higher I No 3 dark i hard jc ic nominal i eal No 3 3 51 Sll l tc nominal No 2 hard 52 No 3 3 52 1 No 0 2 red 52 53 No 3 Close O May July September 5 December ebal W Corn Cr Corn Receipts 24 2 4 cars unchanged to toc toc Vic c c hl higher her No 2 white No 3 3 32 c No 2 yellow No 3 3 33 nominal No 2 mixed 32 ic c No 3 nominal Close May c July 36 c. c Oats Oats Recel Receipts h. h 4 cars nominally unchanged unchanged un un- un- un changed No 2 white chite nominal No 3 c C nominal Rye Rye c tc c nominal Barley Barley 3 nominal