Salt Lake Telegram | 1923-07-29 | Page 16 | Wheat Takes Fresh Breaks

WHEATTAKES-FRESHBREAKS WHEATTAKES-FRESHBREAKS hedging Sales Causes " .New Downturn CHICAGO. July 11. Freeh gdwatara. 1 the velae of wheat took place today largely ae a re wilt of hedging sale, ef Newly fc.rkeatad wbaat .nd lo llae with weakaea. ef Kalil ..d cottoa. Wh..t Rrlca. cloaed heavy, lc t. 1. .at mar. sptcmb.r 11. to tle .nd Da-aember Da-aember Hi., to Me. Cora flnl.hed at a reag varying from Ho dacltn. te e edv.nce, oata ee te tie dowa, aad provision, to t. lie .ff. From tb. euteet. th. wheal market g.v .vldaace of etrala toward a law.r nrlo. lav.l, with tha buying jlamaad et least temporarily tnaufflcl.at lo bring bout .ny Import. nt rally. A.ld. from tho dcpreeelag effacte ef llber.1 receipt, bare today end ef e.pected big errlvel. Meaday, bear, put .mpbaal. oa the la direct Influence of Oerm.ny. goy.ra mental and Pnanclal dlfttc.ltle. .nd ea talk which we. correal thai further eat-cetlauoo. eat-cetlauoo. of .span purchaae. of wheat frem America war. beinr' attempted by Grant Brltala. Me.awbll., report, of crop dame, by nret .nd bllgbt coatln-aecl coatln-aecl from the eprtng whect kelt botk aorlb aad eojtb ef tk. Caaadlaa line, but attracted little nolle. . Belling here from apreadTera wh. bcusbt in TVinnipeg bad much te de with Increased weekneae of Chies. prlcee pr wheat .. tb. day draw to a cloee. Final .uolattona her. were tbe Joweat ef the day. wltk th. July delivery scoring a aaw low price record for aba Blew. Liquid. 14a aale. aa tbe part ef holder waa Hi yrogree. at tha leal, eepeclajly ta tb. uly tUllvery. End of the meath bidding ea tke part ef abort, lifted July corn te tb. topmost price yet thla season. Mc Long. the. aold, however. nd re I ne east of ths M leal le-al aelp. I tended .Iss te eael Ike near act. Oata declined wttb core. Provlat... war. .tfacted by lb. grata weeka.se. daeplte a rial la keg caluee. . WEKttLT aCTTEB BBT1EW. CHICAOO, J.ly M. Beperta al de-cteaaed de-cteaaed productl. f bolter mat th. markat .harplr klghar durlag lb. week. Tke reactlea atart.d t th. .ad ef laet week coincident wltb reporte that riot, dry wether ever many proucLg eectlM. was -au.nl a decrease la Ihs make. A confirmation earn, latar from many tar, creamarie. tk.t peedurttoe thl. week enowed decrease sf approximately approximate-ly IB per cent ever tke pravlou. week. Adv.no. of forla offeiin. reaulted la tbe Import ettuatio. aiding a demeella prlc. advancea. Wholeeal. prtoe. ea tl Sn. r. abewed .a -tdraaoe from It eeot. .t C'blc. ea July It te II eente oe J.ly IT. end et N.w York from tie to II e ea T. asm, dele.