Salt Lake Telegram | 1932-07-02 | Page 12 | Four-Fifths Fall in Wheat

FOUR-FIFTHS FOUR FALL IN WHEAT July Developments Expected to Determine Harvest Corn Ideal CHICAGO July 2 The iV-The F The Te prize prie I unusual feature in i the grain trade just now is that wheat receipts are running only one filth as much as a year car ago Another remarkable circumstance stressed by trade authorities is i that tha the United States state Is entering the new crop season with a total available wheat surplus b bushels less than at this time last year assuming that the crops turn tu out as at present unofficially crop forecast forecast Giving additional additional addi addi- character to the commodity speculative outlook are substantial gains in i the price of ot hogs making feed operations with corn cor more profitable prof prof- Stable than for some time tie has been bee the rule Compared with a week ago wheat wheat today was l c 1 a bushel higher corn cor was unchanged to 1 cent off of oats oat l 1 7 down and provisions up 7 to 75 cents cent Accounting to a great degree for forthe forthe forthe the paucity of domestic receipts receIpt of wheat leading specialists say say say-is is the fact that besides wet harvest condi conditions lions tons the area of usual surplus winter crop yields has been the hardest hit ht this season by growth handicaps Besides Besides Be Be- Be Besides sides at 50 cents or under uder for wheat at Chicago and corresponding prices pries at other terminals the net return to the farmer is so small that with areas arcs promising a very small smal harvest outturn outturn out out- turn tur it would not pay to cut the wheat wheal Prospects now are arc that a sizable six siz able acreage never will wi be cut cut and that In various other sections farmers expect to hold the bulk bul of the wheat for a better price Whether the United States spring wheat crop will wi go through to harvest barvest harvest har bar vest as good as at present is authoritatively authoritatively stated to be a matter that will wi be governed by July conditions The chief chief hazards of ot black rust especially espe daily are yet ahead Supplies of corn cor both In sight sih and andon andon andon on the farms are reported liberal and the condition of the new crop about perfect with wih hope persistent of of an export outlet Oats Oat and rye appear to dangle on happenings to the major grains Provisions are taking their cue from the hog market markel