Salt Lake Telegram | 1940-09-16 | Page 16 | Closing Sees Drop in Wheat

CLOSING SEES DROP IN WHEAT CHICAGO Sept 16 Rela A small smal buying orders were sufficient to advance wheat prices a cent or more a bushel at one stage of trading Monday but part of ot the gain was lost later Light volume of trading made the market easily easly susceptible to scattered purchases that came through dealers who followed the upturn in securities s prices and derived derived derived de de- de- de rived some cheer from war news Some buying was credited to mills mis and to the federal crop insurance agency which has been taking small smal quantities almost daily daiy Late weakness was associated partly party with wih a decline of around a cent in corn prices pries which some dealers blamed on favorable crop weather and fairly liberal receipts as harvest harvest harvest har har- vest time approaches Wheat closed cosed 1 4 J cent higher than Saturday September 75 December r 76 corn cor 1 8 1 cents lower September 62 8 5 62 December 55 8 7 oats 8 1 cent higher Wheat Wheat- Open High Ilich Low Close Sept 5 2554 7 75 S 75 Lw 5 75 Dec Dee 77 76 76 Ma May 77 77 76 77 rn 77 Sept 63 54 63 14 62 14 Dec eft J 1 g 55 g t May 58 55 56 57 Oats Oats- Sept ept Oal- Oal 29 2934 29 29 s 29 29 29 Dec 2934 29 29 29 May g jg 30 30 gl Soy beans beans- a get Oct Oct 73 7 73 73 73 Dec Dec 74 7 74 14 M May yi 75 75 Sep 40 OS 40 40 40 Dec i 4 i 43 42 42 2 May May 46 4 43 45 Lard Lard- Oct Ot 4 85 4 90 4 85 4 90 Dec 5 05 5 10 5 05 5 10 10 Jan an 5 S 22 5 22 5 17 5 5 17 11 Mar 5 95 May Mav 6 16 6 15 Bellies Bellies- Sep Beles 7 85 Dec Dec 7 95 WINNIPEG Wheat futures prices price continued on minimum mini I mum levels level v q Cash Cah wheat wheat No 1 northern northen 73 c No 2 2 70 c No 3 3 1 I ICah Oats Oats Oat No 2 white No 3 29 Uc c. c e