Salt Lake Telegram | 1929-07-30 | Page 10 | Financial and Commercial News

Free e Selling From Over Over- Carries Prices Down I v P P. P B Associated Prest Prea Market Editor CHICAGO July SO o Free AP-Free Freo today that resulted largely from an market wheat l j bushel a-bushel yesterday s and anI 7 2 1 1 cents under yesterdays best Crop Crop reports from the drought area north arid and south ol 01 the Canadian line Hue again iver ad- ad versa In tho extreme but appeared ppe red to 0 t. t effect as a a price In- In at least the Tt wheat visible supply Increased in increased In- In creased for the week and is now bush bush- with bushels bushels' bush bush- els' els ago WHEAT UNSETTLED Wheat closed Unsettled at 2 1 2 1 to 4 1 4 14 cents net decline corn 2 2 1 2 1 to 3 S 5 cents centt down oats oats' 8 3 Sto 3 to 1 I cent off and pro provisions unchanged to toa a setback of at 25 5 cents Houses with eastern connections and prominent of late as buyers big sellers of wheat at times today Bringing Continued Continued Con Con- liberal receipts 61 of wheat in Chicago Chicago- 77 cars today cars a week ago received received- a good notice as an Incentive to sellers arid and the tact fact that monthly reports are duo due August tended to act as a profit Meanwhile too LW- LW I wheat quotations quotation were lower than expected cl and European demand lor American grain was reported as very disappointing with Gulf of Mexico ports blocked with wheat awaiting an outlet OBSERVER REPORTS One Ona of the firms that led In the Belling g of wheat today had a com comprehensive coth- coth detailed report from fron a traIned crop observer who has Just returned from an eight weeks weeks' tour of Canada Canda and and ot oC adjoining parts of this country He said that Manitoba Man Mani- toba toba Saskatchewan and Alberta promise DamIs an average lot of half of of last years rears crop and that Montana orth Dakota and South Dakota suggest a a. a CrO crop f bush bushels rush rush- els compared with bush bush- ls last year l TABLE so O iAP AP- AP r Wheat Low arch t Corn Corn- 1004 September S. S 1044 Marc tarch l.- l. OU- OU S 'S 4 40 4 O 5 5 JulY IOU 11 1 io 10 x f ito 1210 S 12 Ju July j 1215 er I- I 2550 Bellies 1450 1410 1 GRAiN KANSAS CITY JO AP AP Receipts cars hard 1 lower oft colt lower No 0 2 18 o 3 No bard No 3 I o lo 5 Close July 1130 10 September i December 1142 Corn Receipt 30 20 can etri unchangeable to Ic Oliver No 2 lo No nominally T o yellow V Ti 1101 19 No 31 E No o. o 5 1 mixed No 3 3 nom ibm U Close CIoe JuI I 01 i December Oat Oate Receipts S 3 car ICaT c lower No NoI 1 I white 4 c No 3 l Barley r MINNEAPOLIS July SO 0 AT- AT Wheat At-Wheat Wheat Re fc-Re 34 54 carr crr compared to a roth No O I 1 1141 No 1 dark northern 24 per 81 ISper jit 12 per cent centI protein No 1 I dark hard I Montana It per cent protein to i Nag 1 an 5 er durum No S amber No o. o 1 1 red durum S's Ss July Septem- Septem ber December No 2 yellow Oat Ot o. 3 I No i. i Flax No 1