Salt Lake Telegram | 1936-07-07 | Page 19 | Wheat Prices Drop in Selling Wave

WHEAT PRICES DROP IN SELLING WAVE CHICAGO July 7 UP All P-All All Al of Tuesdays Tuesday's sweeping gains of wheat prices were more than wiped out in late dealings Heavy rains reported at a 8 number number number num num- ber of places in Saskatchewan Canada Canada Canada Can Can- ada notably around Regina led to toa toa toa a general selling rush and quotations quotations quota quota- ton broke fast fat The tumble carried carried car car- ried ned the entire entre wheat market to towel towell towell well wel below yesterdays yesterday's yesterdays finish and bearishly Influenced all al other grain gain to some extent extent Wheat smashed downward almost 6 cents cent from early tops but re rebounded rebounded rebounded re- re bounded about a cent just at the thelast thelast last ast last closing cosing excited 8 1 to 3 under yesterdays yesterday's finish July 10 8 5 to 10 September to December 5 8 to 8 1 corn 2 8 5 to 2 8 7 up September 77 71 to 78 8 December 73 73 to 73 oats oat at 8 1 decline to 8 5 gain and provisions provisions provisions pro pro- visions varying from 20 con cents setback setback set act back to 15 cen cents advance RANGE OF LEADING FUTURES LADING Open High High Low Lw Close Wheat Wheat- July luy Sept Sept Dec Dec 4 11 Corn Corn- July Cm- Cm 80 80 80 78 18 78 75 Sept Sept 79 76 16 77 71 Dec Oat bH 74 74 7 71 71 73 7 July 38 38 sa 35 25 35 Sept 40 40 36 37 Dec De 41 41 n 38 38 Rye Rye Rye- July July Rye 76 f 4 77 71 71 Sept 76 77 71 71 7 7 71 Dec Dec Barley Barley- 76 78 72 72 72 4 July 61 62 61 62 Sept Sept 63 83 63 61 61 Dec 65 65 65 63 63 83 Lard July Deir- Deir 1115 1117 1080 1 10 1085 85 Sept Sept 1125 1135 1135 1090 Oct t. t 1125 1135 1097 1091 1102 De Dec 1117 1111 1120 1065 1085 Bellies Bellies- July 1310 1310 1 1287 1281 81 1287 1281 WINNIPEG WINNIPEG July WEG 7 AP AP Wel AP-Wel Wheat High Low ow Close July July 94 5 90 DOJ Lw 5 91 October 93 89 69 4 90 1 December 94 04 89 90 Cash wheat wheat No 1 northern 1 tO No 2 northern 89 h No 3 northern 84 32 Oats Otts No 2 white 38 36 No 3 white LVE LIVERPOOL POOL LIVERPOOL July 7 AP Spot AP-Spot Spot wheat No 2 Manitoba 7 Id ld AP No 4 Manitoba 68 Sd Australian 6 Futures closed cold strong July uly lY 98 c Octo Oto her ber bel December Exchange