Salt Lake Telegram | 1939-09-01 | Page 37 | Grain Prices Rise under War Clouds

GRAIN PRICES RISE UNDER WAR CLOUDS CHICAGO. Sept. 1 tTv-Crain prices soared as high as they could under trading rules Friday as the outbreak of fighting In Europe Eu-rope stunned the financial dis- "ict- ... . Wheat prices Jumped 5 to 8 cents a bushel, corn 4 to 8 cents. oats 3 to 6 cents, and rye 5 to 8 cents. ' Because government and exchange ex-change regulations prohibit further fur-ther price advance in a single session, these gains brought about a trading deadlock, inasmuch as very little grain was offered for sale even at the sharp advance. Practically every broker in the wheat pit had pockets stuffed with buying orders which could not be executed because they could bid prices no higher. Closing prices for practically every grain contract quoted on the exchange were a t the pegged limits for the session. Wheat was 5 to 8 cents net higher. September Sep-tember 75 7-8. December 131 and Mav 74 1-8. Corn closed 4 to 6 '4 cents up. September 50M97,, December De-cember 48 1-8; oata 3 to 4 5-8 higher. -' ' BANOr OF CHICAOO FiTt'SlES CHICAGO. Sept 1 IAP! Wh44t. Open Hlsb Low Close 9ep. $ .'72 t .73 $ .72 .75 . Dec. .73 J3 J M.7411 74 Sep! .43 .6114' .43' .50 Dec 43 .441, .45 .48141 iuv' iSo ISO .50 .60 6eUT3n .35 .30 .34 Dec .31 ..32 .31 .32 UTv: .32 .32 .31 .32 Oct"1''- .74 . .72 .74 Si-. 'MS -.73 :72? . .73 Mav. .76 ..... 76 Se?'-42 .4T .43 .47 Dec" 4 46 45 .46 Mfy- J4 ' SetfS 90 S 07 5 90 S JT Ocf . 5 93 S 13 5 92 J 12 Dec.. S 00 S 22 . 00 S 22 Jan. 6 10 4 27 4 10 S 37 Belllei a as Sep.. 4 13 4 33 4 Jl 4 38 LrvEBroof. -NTCoi.1- s.'.-rSifr'. 3Vi.:rt"i "' Moss: On oboe. 60c: tecamber, 636: March. 63 c. JbicfaAitss 34 22. TAINNIFHl WTO,"P,a l.hl 'LowCloM October .. ..$ .64" .J4 .64 Wheat No. 1 nortkam Sic: 2. "IS'.'uJtZSr'i 334! 144. . 31 c