WHEAT UP AGAIN
PROFITS TO FARMERS
FIFTY. MILLION DOLLARS
(Eeceived March 17, 2 p.m.)
CHICAGO, March '16. In less than a minute on Thursday! the resumption of business on tha Chicago Board of Trade and other Exchanges registered an estimated profit of fifty million dollars to the farmers, all future deliveries of grain jumping to the highest price permitted.
The benefit would probably have been.greater, but for caution in tha temporary establishment of an emergency rule limiting a single day's price fluctuations to five cents a bushel, either up or down, to prevent undue wildness and a strain on credit facilities. It was announced that all restrictions would be removed at tha close of trading on Friday. Buying orders, for millions of bushels of grain went on an unfilled market throughout the most of the day practically bare of, sellers.. Wheat closed, buoyant, corn 3 cents to 3 1-8 cents up, oats 1 7-8 -cents to 2 1-8 -cents,-pro-visions rising 70 cents to one dollar.
The restrictions limited the fluctuations" on corn to three cents, oats to two', rye to four, and bailey to three cents. Oats were the only grain "failing to reach the limit. ■■"•'"
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Bibliographic details
Evening Post, Volume CXV, Issue 64, 17 March 1933, Page 8
Word Count
196WHEAT UP AGAIN Evening Post, Volume CXV, Issue 64, 17 March 1933, Page 8
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