Salt Lake Telegram | 1929-01-20 | Page 22 | Chicago Grain Mart Unsettled

CHICAGO ERAIN MART MARl UNSETTLED Wheat and Corn Stage Nip and Tuck Race for S Leadership By JOHN P. P BOUGHAN Associated Press Market Editor CHICAGO Jan 19 It AP-It was wasa a a. nip and tuck race for grain nar- nar today between wheat and corn Temporarily wheat was foremost anil tho July delivery Q of I wheat o abo any former high price record this season At the end Qt t o day daye however corn was tl I and ns as a result of free taking and because of rain reports from the drouth district In gentIna both corn and wheat finIshed tin fin unsettled and lower ter Closing quotations on wheat and andorn orr orn alike were nervous wheat at 1 to 1 t io 5 Sc net decline corn 1 3 Sc to 1 4 3 3 down oats 1 Sc to 1 1 Sc I I oU and provisions varying from tt to n a rise ot of i ot of a decided Increase of Interest In w trading became 1 tod today y shortly after bus bust bust- 1 ness fles opened Active buying for tor eom ot of the tho largest argest houses here was In progress and was said to come om Interests that were outspoken In asserting that price advances for fill grain would be limited only by bythe bythe the size of speculative e demand Meanwhile other speculative lead lead- era said buying was being latE through general expectance or of farm tarm aid legislation at Washington Another bullish factor was In the shape hape ot of dispatches from St. St Louis Louia and Kansas ansas Cit City In particular saying say say- ing prospective cold weather would many wheat fields without a II now blanket and likely to be damaged dam dam- aged Mills as well as speculators were apparently today on the buyIng buy buy- Ing side of 01 the wheat market and values alues also were strengthened at times because of 01 decreases shown 11 wheat stocks Kansas City mess messages mes- mes s sages said there had been reduced from bushels this week and wheat primary re receipts taken as n. n whole were much for tor the week than was the case a year ear ago bushels against bushels I Toward the last today though support for tor wheat grew leSs vigorous and profit taking sales broadened out Meanwhile corn had been under pressure from the start previous active bu buyers ers being enraged en- en raged In a lively effort to collect profits and there beInG diminished tension over the drouth situation affecting the tho Argentina corn crop Cables from fromn Buenos Aires told ot of howers In Santa Fe Entre Rios and Cordoba provinces On the theother other hand later dispatches said the Argentine st st was waa for tor l tall fair weather with dry and hot conditions stilt still prevailing over of the belt Corn rallies nev- nev failed to hold well Oats the action of 01 corn i- i o I lons were easier owing to lQ er quotations n hogs with a d sized run of 01 hogs looked for forI t week I x TX T. c JAn 19 15 APt AP- AP t cat cat- High Low Close U U g gu u 16 J 4 Rf 9 t 10 10 10 1023 10 3 tIch S' S 53 52 52 52 52 o r 49 49 Rr a 16 Ia ti ry LOi Lard Lard- i 1062 1162 18 h 1100 1180 1150 10 by 1216 1207 1201 1207 1201 Ribe T 1245 May fay 1305 1105 1280 1322 1321 1365 1357 1851 1157 SJ C. IS Jan n. n 1 13 AP AP t fW 4 4 No 6 s1 J. J ii- ii z 8 white white 60 51 c ice o. o 4 tto ito v No lale I F Timothy seed Clover Cover 1162 OTIER GRAIN X RI L ETS ANSAS CITY Jan JaD 19 1 Wheat AP-Wheat 78 18 Cars cr unchanged to lc Sc I hard nominally 1 No 2 1 nominally No Jard nominally I No 3 No 2 re red nominally f No 3 Close May lin July Corn Receipt Corn 12 carS c to rf Xe 0 2 whIte nominally No 3 No 2 yellow nominally 3 3 c No 2 mIxed 11 lc No 3 88 Close Clos May Sc July j Receipt Oats R nominally 12 2 5 cars Sc c No lower 3 SOc No g DarleY 2 Tan 19 1 Wheat AP-Wheat At ec 16 cars compared d to a year ar ago Cash Xo No 1 northern No 0 1 dark northern 14 1 per pert protein 4 13 per cent t iH ri 5 12 per c cent pro pro- tin Il 10 No 10 1 1 dark hard 14 1 per cent protein 13 to arrive No S 1 red i May fa July fO Corn 3 yellow yelo 8 No white c a 4 4 c 1 1 F x-o. x 1 39 2494 I I YORK Jan 19 1 AP I barely batel steady teadY No 0 w western stern I b. b and 11 c. c I. I f. f 1 cx eI e- I port Parley Barl steady domestic f. f New York Wheat Spot finn Xo No 1 northern spring c. c I. I t. t New York No 10 a winter r f. f 0 b. b Now York No I d. d mixed durum do N No 2 i amber durum do No 2 I do s i easy No o 2 yellow elow c. c I. I f. f New 11 e York No 10 3 yellow do Oat Spot Oats barely steady Xo No 2 63 c. c Pork Fork Irr irregular gular mess l Other t. t el artcle articles unchanged d. d Q fIA in 19 1 Wheat AP Whet AP bard No 10 I hard 1 0 Corn 1 I W white 8 No 4 white No 33 I yellow w C No tei 4 No 4 mixed r 1 Oats none r. r LOUIS Jan 19 Cah AP-Cah uh AP-uh Wheat 3 red 49 4 hard Corn 4 YOI o 5 No 3 yellow No 4 JC No 0 3 white Iced feed corp COr 4 white Oats No J 4 w white J. J Close Clos Wheat May bid oc- oc ake asked Corn Corn- May Corn fay u ed r ak asked t p in or o. 2 TOLDo an i