Salt Lake Telegram | 1940-10-23 | Page 18 | Wheat Scores New Advances

WHEAT SCORES NEW ADVANCES CHICAGO Oct 23 C Contin A JR Contin Continuing the rise which has carried Wheat values upward 15 to almost 20 cents since mid mid August August Chicago futures quotations Wednesday advanced advanced ad ad- another cent carrying De De- December December cember delivery delvery contracts to just under 83 cents highest since the markets market's coI collapse apse last May No 1 hard wheat sold as high as a 89 cents cent while red wheat was quoted over 90 cents In the spot market Corn and oats oat futures also alo reached new highs since May corn gaining more than a cent Buying in all al pits came from processing Interests and professional profession profession- al deal dealers rs attracted by the tightening tightening tight tight- ening commercial supply due to the I farm holding policy Fi Firmness of securities Russian inquiry for Pacific Pacific Pa Pa- cIc coast wheat and Canadian sales salts to Great Britain and negotiations ne no- with Ireland and Portugal Portugal Por Por- attracted attention closed ac c higher than Tuesday December May corn up December May sc oats sC 5 c higher RANGE OF FUTURES GO Open High Low Close Wheat Wheat- Dec 5 87 81 5 87 t 5 86 5 87 87 May 85 86 85 86 JU July 80 Vt V 81 81 80 1 81 Corn orn Dec 61 s 61 61 7 62 61 61 62 62 May 62 63 62 I 63 July 63 63 63 62 63 Oats Oats Oats- Dec Vec 34 35 34 1 35 May 34 34 34 34 July 32 32 a g 32 s 32 g Soybeans Soybeans- g Oct Soybean 82 82 82 82 82 t 82 Dec 83 JH 83 1 83 53 83 a May 85 65 85 84 84 Rye Rye- Ie 46 46 45 46 May 49 50 4 49 50 50 July a 50 50 50 50 50 Lard Lard Lard- Oct 4 70 Dec 4 80 4 85 4 80 4 85 Jan 4 95 5 00 4 95 05 5 00 Mar 5 97 May 6 10 6 17 6 10 6 17 July