Thank you for visiting SNEWPapers!
Sign up free
Commercial
October 21, 1941
The Wilmington Morning Star
Wilmington, New Hanover County, North Carolina
What is this article about?
Chicago grain market on Oct. 20 weakened due to international tensions from the Kearny torpedoing. Wheat closed 1-2.5 cents lower, corn 1.25-1.625 off, oats 1.375-1.5 down, soybeans 0.75-2.25 lower, rye 1-2.75 down, provisions 15-40 cents down. Lard depressed by grain and hog prices.
Clipping
OCR Quality
95%
Excellent
Full Text
CHICAGO GRAIN
CHICAGO. Oct. 20.-(P-Unsettled and nervous because of the disturbed international situation grain prices displayed market weakness today.
Wheat closed weak and 1 to 2 1/2 cents a bushel below Saturday final quotations, December 1.12 to 1-1/4, May 1.16 3-8-to 3-4, corn 1 1-4 to 1 5-8 off. December 73 7/8 May 79 1-2, oats 1 3-8 to 1-1/2 down soybeans off 3/4 to 2 1-4, rye 1 to 2 3-4 lower, and provisions 15 to 40 cents down.
Many traders expressed belief that the Kearny torpedoing was but the forerunner of further complications in an already complicated international situation. They scanned tickers eagerly for further news of the incident, or official comment, and failing to find anything were content to let the market drift.
Soybeans at one time were above even with Saturday's final price but weakened later with rye, corn oats and lard.
Lard was depressed by grain weakness and also by lower prices paid for live hogs.
CHICAGO. Oct. 20.-(P-Unsettled and nervous because of the disturbed international situation grain prices displayed market weakness today.
Wheat closed weak and 1 to 2 1/2 cents a bushel below Saturday final quotations, December 1.12 to 1-1/4, May 1.16 3-8-to 3-4, corn 1 1-4 to 1 5-8 off. December 73 7/8 May 79 1-2, oats 1 3-8 to 1-1/2 down soybeans off 3/4 to 2 1-4, rye 1 to 2 3-4 lower, and provisions 15 to 40 cents down.
Many traders expressed belief that the Kearny torpedoing was but the forerunner of further complications in an already complicated international situation. They scanned tickers eagerly for further news of the incident, or official comment, and failing to find anything were content to let the market drift.
Soybeans at one time were above even with Saturday's final price but weakened later with rye, corn oats and lard.
Lard was depressed by grain weakness and also by lower prices paid for live hogs.
What sub-type of article is it?
Market Condition
Prices
Economic
What keywords are associated?
Chicago Grain
Market Weakness
Wheat Prices
Corn Decline
International Tensions
Kearny Torpedoing
Where did it happen?
Chicago
Commercial Details
Location
Chicago
Event Date
Oct. 20
Commodities
Wheat
Corn
Oats
Soybeans
Rye
Provisions
Lard
Live Hogs
Notable Details
- wheat down 1 to 2 1/2 cents per bushel
- corn off 1 1/4 to 1 5/8
- oats down 1 3/8 to 1 1/2
- soybeans off 3/4 to 2 1/4
- rye lower 1 to 2 3/4
- provisions down 15 to 40 cents
- market weakness due to kearny torpedoing and international situation