Salt Lake Telegram | 1938-08-27 | Page 13 | Federal Purchase Plan Hikes Wheat

FEDERAL PURCHASE PLAN HIKES WHEAT CHICAGO Aug 27 2 UP Wheat sP-Wheat Wheat values in domestic markets market rose as a much as a 3 cents cent Saturday respond respond- Ing ng to the governments government's announcement announcement announcement announce announce- ment that tat it would purchase the te bread grain for tor export and relief purposes A heavy demand for tor the grain gain developed on the Chicago board of ot trade rade on large scale buying for tor long and short shor account before profit profit- taking aking checked the upturn upturn The Te reaction from the extreme highs was wa about a cent cent Corn continued firm within a moderate trading tading range Buying by commission houses houes was wa reported At the close Chicago wheat was wa 2 to 2 cents ent higher compared with Fridays Friday's finish September 64 4 cents cent December cents cent and ad corn was wa 1 1 to 2 cents up September cents cent December December De- De cember ember cents cent