Salt Lake Telegram | 1938-06-10 | Page 23 | Late Rallies Void Upturns in Wheat

LA LATE TE RALLES RALLIES VOID UPTURNS IN WHEAT CHICAGO June 10 Late UP Late Late ralle rallies ral ral- ral- ral lies le in wheat prices price Friday virtually virtual virtual- ly overcame transient downturns of about a cent a bushel buheL Most traders were expecting that Fridays Friday's government crop report due after the close would woud indicate a comparative comparative- large production of winter wheat wheat This expectance was wa based on belief belef that tat the te official estimated estimated et- et esti esti- mated yield would take into consideration consideration consideration con con- only the te crop prospects as of June 1 and ad would not in- in elude developments development since that date i At the close coe Chicago wheat future futures futures fu fu- fu- fu tures ture were Vt 3 JA off of to 8 1 up compared compared com corn pared with Thursdays Thursday's Thursdays finish July 8 7 September 75 75 8 7 corn unchanged to Ji 4 higher high high- er July 57 8 3 September 58 3 and oats oat at 18 8 decline de de- de- de dine cline to 8 1 advance RANGE OF LEAnI LEAPING G Open High HIJ Low Close Wheat Wheat- f Suly 5 5 75 5 74 S 74 Sept 75 76 75 75 Dec Dec 77 7 77 C n 57 56 57 I Sept t 58 58 58 58 Dec 56 56 g 56 g I 56 g Oats Oats- July 26 26 26 26 Sept Sept 2614 26 26 26 26 26 Dec Dee 27 27 27 1 Soy o beans beans- JUI July bea 86 87 7 87 81 g Oct 84 84 84 I 1 84 Dec 79 80 80 July Rye 53 52 53 Sept t 51 52 j 51 52 t Dec 7 g 54 54 g 52 53 Lard Lard- Sent Dt R. R Oct ci- ci 8 7 De Dec 8 50 o Bellies Bellies- uly uly Tuly 1135 LVE LIVERPOOL LIVERPOOL June 10 AP pot AP-pot Spot AP-Spot Spot wheat wheat No 1 dark winter r. r 11 lid Roae 13 ld 78 s Australian Sd Futures closed steady July 92 5 October Oc Oc- ober tober tober 85 December 84 Exchange Exchange W. W WINNIPEG June 10 AP AP- AP A- A Wheat Wheat- Wheat Wheat- une High Low Clo Close e. e Uly 1 b ruly g Jg g October rb r 82 U 79 82 JA De December 80 78 78 v. v 80 Oi Cash i wheat wheat t N Ko 1 northern i X No 2 No 3 Oats Oats No d 2 white gitel 44 No o. o 3 42 2