| Show WHEAT HEAT AGAIN ri GOES DOES UPWARD J nT vIP I Pendulum Swings the Other Way on Scare News 1 From Argentina fi CORN MAKES BIG ADVANCE Hull Mo O I nt Starts Slant on UI Cablegram Prom III I H tO-fl tO rio Sin Staling I I ug Ii That iii I Argentina Ar Ar- 1 gentina Wheat 1 Is II Damaged IT c- c Chicago June 20 Wheat W. took an unexpected t turn rn again today Trade wa wm chicH chiefly local and amI for tor half bait an hour homo or 90 eo 8 much too unanimously I on the soiling selling side aide The fh Argentine r J news that was credited with having turned the market upward was aa undoubtedly merel mere- mere I l coincident In time with a desire desire on the part of ot early sellers to take their profits Killing of ot next seasons season's Argentine Ar crop of wheat heat Is somewhat premature at a time when It J lias s not nol noti i yet yot been all al seeded An AJ car early decline of or if I lc was followed I I by an Rn advance of 1 3 and at the close the net gain gainor for Cor or tho day was 1 1 Corn left et off I. I at 1 l advance for Cor September and ant l-l l Sc 1 5 3 Sc for tor or May ray Oats had a n net Improvement at nt the close of or from 1 8 to 1 l 1 c Provisions Pro were stiffened of or in inI generally h by an a advance vance September pork porI and SOc In Ju July Lard I and rh ribs co closed cd at nt a slight decline Scarcity 3 of New Strong reasons for tra trading were were- wanting to the wheat market marlet at the There was was- ns just the fact tact o or pros present ent lt small mal receipts and the yet et Undetermined undetermined un un- I determined fate of the spring wheat crop to keep cep bull bul spirit alive alve along with wih a latent Intent hope that Importing countries would woul On hind find It J Impossible ImposIble to get het along for Cor or another year ar wIthout American wheat heat In more generous P quantity than for Cor the last two years At the end of the Ir first t half hour a 3 cablegram from Rosarlo to a local loca I- I commission slon 11 fIrm Irn rm came to hand stating 1 that drou drought ht In the Ar Argentine province I- I of or Dahla Ball la Blanca Bianca continued with wih serious seri serl- ous Js damage to the crop and that the J. J market there was firm an and advancing 0 Had hind the trade been canvassed here hert f previous to the receipt o of that dispatch as ns to what they knew of oC the pro prospects i-f i for ro the next Argentine crop It Is aitA al almost al- al tA 1 most safe Fare to an- an say y that not one In ten tel it could have been found Cound who know kner mew offhand off off- or- or j hand whether the seed was In th th- th r i I ground rould In Argentina or Ikel likely to beI bo be bi 0 I for tor another month or 01 two But there t was the cablegram ram to a responsible Chicago o firm saying dama damage e to the crop op was serious and amI aiu as things s are arc r lone done on the Jump In the wheat pit pit at time such as ex existed ex- ex f more especially a ct cf c j t kt isted then after ever every one had got on OP 01 f the short hort tl side c on the line fine outlook for or orr domestic the tle buln buying was 5 sc se the crop r last la t and furious ous fl that the price Iceo t Y In lii ten tel minutes all al It had taken cl 1 t ten lays days t to decline eUne When Vlen the buying buy- buy such scale commenced r r In lug ing on such n 1 heavy there was no flO adequate amount for sale and the buyers buers had to keep bidding prices up to got get et what the they re felt t the they r must have at an any price prie Liverpool LI re reL reported re- re Lc ported futures from unchanged to 1 l r L lower and arid wheat on the spot without i change Corn Coin COI Follows s Wheat l. l X Excellent prospects for the growing i corn Con and receipts less les than estimated r the 00 day ilay before were the thc only fresh motives for Cor action acton In the corn cor pit pi at atthe r the start First transactions were at nt I sharply lower prices but hut then came cam r change with wih wheat wheal although not so go strong Interest t In tIle the oats market gives hives no Indication of r abating There was wa ar o a r i large business es lone done with wih the tendency of ot prices In line HUe with wih the course of wheat anti and corn In Ina a general Jeneral way Ruins that should naturally be of or bene- bene j lit ft to lo the growing ln crop were very gen gen- and md the selling at the opening oral cral rl was on that account but the recovery tf was general generl before the close cose Sample market et was firm with wih prices from unchanged unchanged un un- un changed to l l-c higher I 1 Demand for fO POI Pork The h same fame disposition to sell sel was displayed dis its its- played In provisions at the tIe opening to that prevailing Ille at nt Lt the same time In iii the thc I grain markets markels Selling was on a n small smal scale sale at taht time and It U did I not take tala I I much buying to turn the trend of or I prices price upward Shipments of oC meats meat and lard were again V very I hea heavy the thc former Cormer arc being O 1000 pounds larger and amI nd the t latter later 3 pounds in execs of last year eard Demand was largely for CO pork which had hal a n sharp advance with lard and ribs barely ely maintaining larl I the previous lous da days day's prices prices Today's odas range of ur prices WHEAT WhEAT- I Open I ll High h. h I Low LOS Lw I Cloia Close July S SePt I 8 82 K f II S1 sn S ISm Dec IS Is 6 IS Iny In l j ISn- ISn 1 CORN CORN- I I l h. h I Low Lw I Close J July 51 51 51 Sept ll H I f 5 44 51 r 52 May In Ir 43 13 GYr OATS OATS- I Open Open j i 11 h. h I 1 Low Lw I Close Coso July ul I It 9 36 1311 Sept 30 13 3 3 a. a 1 May loy a. a 7 1 I Open t I HI h. h I Low lAW I Close July 17 Sell 16 1160 I LARD LARD- ARD ARDI I Open I HI h- h hI I LO Lw I Close Jul July ISS S. S 71 55 I Sept SeN 8 v Oct S 2 S. S I Open I high HIsh I Low I Jul July 1941 91 33 93 SelL Seit 91 9 net Ot 93 iii Cash Cosh Sales Salos Wheat heat winter No 2 red rd 5 C No 2 hard SI spring No 0 J I S northern No Xo 2 northern SS 1 Corn Cor No 2 Me e No 2 white Ga r- r 4 No 2 yellow elow 6 6 c. c Oats No 0 2 2 c No Xo 2 white C. C |
