Salt Lake Telegram | 1929-09-29 | Page 42 | Wheat Declines; Market Nervous

WH HEAT fAT DECLINES MARKH M Ex Export port Business From North An America J rica Re mains maina Slack B By JOHN P. P BOUGHAN A Pr Press Market Editor CHICAGO C Sept 28 28 2 CAP Num AP Num- Num ero us speculative holders holders of of wheat sol sold flold d out to today ay partly because of r sto stock ck market unsettlement but price dec decline lines were checked through aggressive ag og ag- ag gre lve buying from Important so sources Houses with foreign and no northwest connections bought most of or the wheat for future delivery Export Ex port business In wheat from No North rth America however bo r continued sla slack ck ck In Ill most quarters closing quotations ns o on wheat were I ne nervous 7 Sc to to 20 under yesterdays yesterday's yester yester- da days day's ys y's finish Corn closed 5 80 to 1 3 3 down down oats 40 1 to 3 40 off oft and an d provisions unchanged to a a. setback setback set set- ba back ck of cit Oc I On the whole liquidating sales toy today to to- da day y from owners of wheat future livery delivery de ry co contracts tracts proved to bo lio otless ofa ol ot len less a volume than expected The chief se soIlIng selling pressure associated with I st tock stock Dk market weakness came in the theat fIr first at part port of at the day doy but butto to a n. less ex extent tent was again in evidence durInS during dur dur- In InS ing g the final hour Meanwhile re reports re- re pO ports portIS o of rains in Australia and of be better boUer field conditions in Argentina w w were ere re also nto notable bearish factors to together gether with announcement of or a n. ra railroad ra embargo on wheat shipments ship ship- m ments eats tho Canadian prairie pr provinces to ports on the Great L Lakes Lake 1 Helpful in Chicago wheat va values lues t today day at ut times Were advices th that at the amount of oC wheat afloat for Europe E wair likely to show a n. substantial sub sub- st antia t falling faIling off of Monday There Therewa Thereas w was wa as also talk tatk that e. e export port business in wheat t from North America was la larger than had bad been acknowledged Furthermore F Winnipeg messages sa said id tho the big big of or Canadian w wheat heat this season were ended and th that at tho the country today was vas va actively b buying future deliveries On the theother theother o other ther hand resellers rescUers of wheat In Europe Europa E were reported d' d offering grain a at t prices below the cost coat of or replace replace- ment n A A. late bearish h influence too w was as selling here heIo from sources that tha e earlier arlier were welO buyers northwest h houses In particular Corn and oats received their downward d impulse t today largely f from rom Oth action of f wheat Weather c condition over the corn corn- belt were r regarded as as' as generally auspicious lous from f rom a crop standpoint Provisions were responsive to d downturns in the cereal markets TABLE Sept 8 28 AP- AP Wheat Wheat- Huh LoW Close S Sept ept 17 17 D Dec ec 15 1264 1331 M March arch r. r i 13 11 IU ln Corn Corn- Sept S ept 53 1 91 1 95 B D ee c. c 96 i IS 26 91 1 i. March M arch 7 Ia lay i 10 Oats Oats- S ept 52 t 61 2 P e. e i n f 31 I larch i 56 50 56 3 lay S U Rye Rye- S ept 1034 D e 10 M arch fareh I Y Lard Lard- S pt O Oct 1005 1097 1091 1103 1102 No ov v- v 1117 1111 1112 1111 11 1112 12 1 1527 1127 IJ J an aD I 11 1115 U 1177 1171 1210 Ribs I S i I 1150 O Oct ct 1150 1150 I. I S Sept ept 1145 O Oat at 1 ILlS 1145 1115 J Jan 1 1245 14 7 N. N ay t i C GRAIN GRAtS' CHICAGO Sept 28 2 AP o Al' Wheat No 3 2 hard hud U. U No 4 hard I Corn Corn Xo 3 mixed lIp 5 5 5 v Oats Xo 3 2 white 10 No 4 C white while U 0 R Rye Rye- Rye Ryeo e No o sales aIrs Barley Darley range e Timothy o aeed-o eed No o sales ules Clover seed yo sed-yo No o sales aile Lard 0 Ribs oo I i Bellies Bellies I i 1200 00 y OTHER GRAIN MARKETS MARTET I KANSAS CITY Sept Hept 28 25 AP AP What Wheat 7 rr ar on Ian Ue e No 2 dark bard bar No lo 3 I. nominally No 2 hard No cI 3 5 af No 2 Z red nominally No flo I 3 S. Close Clan September io 34 December UI i May Mey Un i. i Corn Corn Receipts U cars care ton tone It down I Ole No 2 Z ZhU w hU No o. o 3 a. nom i nally No 2 yellow 9 Uc fit c No 1 t. t nominally No 1 3 mixed U U Ic No No I 3 nominally Closet September Ue December c May hay 1100 Oats Oats tl Receipts 9 carl car ton ton n ri il to 1 2140 0 lower No 2 white nominally n One No Na 3 3 R By nominally nomi nally 9 nOO MINNEAPOLIS Sept 28 25 AP AP Wheat Receipts 5 cars cau compared to a year a ago o. o Cash Calls b No 1 northern No 1 I dark northern 15 per cent ent protein 14 11 per pr percent cent protein 13 15 per perCent percent percent cent protein l 31 i 1 12 2 per pr percent percent cent protein fl No 1 i dark darl hard bard 1 Montana 14 per cent protein 1234 to arrUa No lio 1 amber durum 01 G No 3 2 amber limber durum No to l I red ted durum September December 1131 18 May liar Corn Corn No S yellow II 31 No o. o 3 3 white oats t Barley Barley S Banley Uc Rye Ry Bye No o. o 1 1 3 III Flax to No 1 J. J NEW YORK Sept 2 IS s AP AP Rye Rye- Steady teady No 2 S western nn 1105 t C fob 0 b New hew and 81 nOH c elf I f 6 export Barley-Barely Barley steady domestic 71 lIc c I 1 f C New York Wheat Wheat Irregular No 1 northern spring c I f C New tew ew York 1494 No 2 nero nar nna winter td C fob o b New York I No a. a 2 t gS' gS mixed durum m 1125 12 N j 3 amber d durum do No 3 5 Manitoba ManItoba- do do Corn Corn Spot easy No o. o 2 yellow 0 o 1 f New Tack Tork No 1 3 yellow do f 1144 Oats steady No 2 I whit while 61 l i Other articles Unchanged LOUIS LOUS Sept 28 AP AP Wheat No 2 I ret red winter Jt No 3 bard Corn Corn Io 2 I yellow No to 2 white Dc Oats Oats No 2 white doc No 2 I mixed Futures Wheat Wheat December 1132 H split May asked aked Cora Cord Decem her ber OMAHA Neb Sept 2 28 AP Wheat AP-Wheat No 1 I. bard 1122 12 No 2 hard 1 Corn No 1 i white ISo No 1 1 yellow No Z 3 yellow No 2 2 mixed SOc lOc Oat Oats No 3 white while Ito No o. o 4 white tic lie sample O 0 Sept 28 21 AP Wheat AP-Wheat- Wheat aNo 2 red Corn Corn- Corn No S 2 yellow Oats Oats No 2 white old 87 f c new 3 42 1 Ic Clover er seed seed Cash domestic old new October October- 1115 ber domestic asked December choice 1103 0 October December I PORTLAND Sept 28 2 AP Wheat AP-Wheat- Wheat Wheat- Futures clo September her ber March May hay I JJ Cash Cosh hard 1130 soft white western white hard bard winter north northera northern era ern spring western red S Today s car receipts 73 barley 1 flour 13 corn 1 oats 2 hay 3 WINNIPEG Sept 28 23 AP Wheat API-Wheat- Wheat Clone i December May 0 December December- Flax close 9 Cash wheat No l 1 northern 1141 U 1 No 2 northern No o. o 3 si