Salt Lake Telegram | 1939-08-22 | Page 19 | Wheat Prices Dip as Tension Eases

WHEAT PRICES DIP AS TENSION EASES CHICAGO Aug 22 Wheat 12 Wheat prices tumbled more than a cent centa a bushel Tuesday Selling included profit prof taking light hedging pressure presure and liquidation liquida tion based on swift moving moving events I in Europe following announcement that tat Russia and Germany would sign a agreement agreement Strength in securities gave support support support sup sup- port to bele belief expressed in some quarters that many financial observer observers observers ob ob- ob- ob servers server regard overnight European political developments development as Indicating Indicating Indicating ing possible postponement of large- large scale war Another factor that tended to restrict buying was the falling off of foreign demand for actual wheat Wheat closed cosed 8 5 1 cents lower low low- er than Monday September 66 66 8 7 December 8 1 corn 2 cent off of September 43 December 8 1 oats 14 8 7 down RANGE RAGE OF CHICAGO FUTURES CHI CHICAGO nO Aug 22 Wheat INS Open Rich Low Cioce I e Sep ep 5 5 68 66 f 8 Dec Dec 61 68 6 68 67 MaJ May Corn Corn- 68 61 61 Sep Sep 44 4 Dec 43 43 43 May Cy 46 t 46 46 Oate- Oate 30 2914 Dec Dec eI 23 28 2 2914 May 20 29 28 28 29 MIe itye- itye Sep 41 41 39 40 Dec 43 42 May ic 46 2 46 a 44 44 i Soybeans Soybeans- Oct Oct 69 68 69 Dec Dec 68 68 68 MaZ May 70 70 10 70 70 Lard Lard- rd 01 I Sep Sep 60 Oct Oct Dec Jan Jan May LIVERPOOL LIVERPOOL Aug 22 Spot CP-Spot AP Spot AP-Spot Spot wheat wheat No 3 Manitoba Manitoba lid ronfe 30 lid No 1 dark winter unquoted west welt Australian AU- AU Wheat futures e closed cloned o ed l' l 14 to 1 l f cents Centa higher e Close October 0 i Decem her ber 55 5 ic c March Vi Exchange Exchange i. i WINNIPEG WINNIPEG WINNIEG Aug Ut 22 AP Wheat AP-Wheat Wet AP-Wet Wheat lOch High Low Close Lw October 55 51 55 December 56 55 May ice er 59 gg t 4 59 g 59 gg t Wheat Wheat eat No 1 northern 55 c No 2 52 No 3 48 c. c Oats Oats 2 No 32 2 gl white 28 c No 3 3 I