Salt Lake Telegram | 1932-07-16 | Page 12 | Wheat Futures Strike New Lows

WHEAT HEAT FUTURES STRIKE NEW LOWS I I CHICAGO July 16 10 P Forced R-Forced Forced I down dowl by stop loss selling in a market markel shorn shor of speculative buying support I all al future deliveries of wheat crashed i I IL down late Saturday to new bottom 1 L price records prie record With Wih no prospect in sight that con gres would take eleventh hour action I to change the thc recently enacted tax tac ta increase of or per cent on future delivery grain business wheat traders in the last 30 minutes minutes' made haste to I let go of or their holdings holdings On the ensuIng ensuing ensue ig ing collapse of or values July wheat l contracts representing the 1932 new domestic winter wheat crop tumbled I to beneath the lowest lowet price level ever heretofore known kown in Chicago Wheat closed cosed shaky shak 4 3 1 l Bc under un der yesterdays yesterday's finish corn advance oats oat unchanged to Sc 1 off oH to rise and provisions and unchanged a of 7 cents cents RANGE OF OP LEADING CHICAGO Jul July 16 15 AP AP- AP Wheat High Low Close July old 45 I Lw 44 u I 3 44 Jul July luly new 45 45 44 Ul U 44 September old 48 4 48 46 48 47 n September new e 48 46 December ir 51 61 f Vi 49 i g g Jut Corn Corn- Cor- Cor rr 31 31 31 31 September 33 33 tt 32 33 33 December Oats Oats- r 3 33 21 33 3 Jul July Oats 18 1 18 1 IB September r 19 December 21 n 21 ut U UIe Rye Rye- Jul July Ie i 28 8 September 31 31 4 30 30 f December 34 33 n Lard Lard Lard- Jul July Luc Luc- September 50 October 4 97 Bellies Bellies- July 00 CASH CASIO QUOTATIONS CHICAGO July 1 16 AP AP Wheat No 1 rt ed 48 8 No 3 2 Ir red No 1 I hard rd 48 c No 2 hard had No 1 I yellow hard 48 c No 2 yellow hard No 1 mixed 48 c. c Corn Corn Cor No 1 I yellow No 2 I yellow 33 SS No 2 white 33 c. c Oats Oats No 2 white 1 1924 No 3 white whIle 18 Barley Bule 28 Barley 28 Timothy seed aeed Clover e Clo seed a 1200 Rye Rye Rye-No IeNo No seed sales ules Lard Lard Lard 1517 Ribs Ribs Ribs-I 1620 Bellies Bellies 1620 S MINNEAPOLIS MINNEAPOLIS July 16 AP we AP-we AP Receipts Receipts 40 10 cars Cn compared to a year yur ago aeo IO market Ic le lower cash No 1 I northern norther No 1 I dark dak northern Dorther 15 per percent percent percent cent protein 61 c 14 1 per r cent pro pro- tein eln SIH 13 per cent protein 50 50 Vi 12 1 per r cent protein 49 No lo 1 dark darl hard Montana 14 1 pr per r cent pro pro- tein 54 c to arrive arrhe No 1 amber ambr durum 53 No 2 amber durum KO No i 1 red rd durum t July September e t c September 46 I He December g m 47 4 c. c Corn Corn Cor No 3 35 Oats Oats No 3 white l fl c Barley Barley BarleY Rye Rye No 2 28 Flax Flax No I 1 S KANSAS KAUS CITY KANSAS Jul Wheat IAP Wheat Re CITY CIT July 16 I AP P 01 cars cr unchanged to Sc lower loner to No 1 dark dart h hud hard Td 42 50 ic c No 2 4 H fJ r l No 1 2 hArd horH l 3 I. 40 01 51 c- c No 2 2 red 4 40 I No 3 c Close lose July lOc September Decem Decem- bet ber br 43 He Corn Corn Cor Receipts three cars car UP uv lP lie c No 2 white while nominally c No 3 nominally nomi nally naly No 2 yellow vellow e I 0 nominally No 3 nominally No 2 mixed nominally 32 No 3 nominally Close July Close July 31 c September 33 c December cember Ole Oats Oat s Receipts t one car unchanged n No 2 white t nominally e II f W No 3 3 nominally nominally nomi nomi- o f nally naly 18 ft 20 Rye Ryr Rye Nominally Nominally 30 Barley Nominally Barley Bader Nominally WI rEG WINNIPEG July 16 hl- hl hla WIE a HUh flieh I Low Close July 1 53 S 3 53 s 53 October 56 56 ss I December December 57 57 57 Cash wheat wheat No 1 1 53 Uc No 2 ci No 3 Oats Oats No 2 white No 3 white 30 c. c in LIVERPOOL NW LIVERPOOL July 16 API Spot APi-Spot Spot wheat wheat- n New Vew Wales I Os i No 2 Manitoba m a 3 Sd No 2 hiu-d hiu winter Is s d. d Wheat Theat closed closed- coed coed- Jul July uly 5 c October 32 c December 53 ic