The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1904-06-29
Flax Market is Very Dull.

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prices was narrow most notice
able decline was in Chicago July
trade inclined to be i, Mar
ket was very sensitive and with
the best part Of the news bearlsh
the days decline was to be eN-
pected. Weather map was de-
cidedlv favorable to begin with
primary receipts were much larg-
er, Minneapolis reported 243cars
against 224 and Kansas City
had 63 against II. Bradstreet's
worlds visible desired 100000
bushels against 3,O07, 900 for
last week. Foreign markets were
with the exception Of Paris very
weak Berlin closing 81 and Buda
Pest 5-S lower. Clearances all
-four at $4,000 bushels. The
worlds supply OF wheat continu-
es very large and Russia offerings
bid fair to keep up strong to the
new crop. Our new wheat mean-
time is already in the markets
and in considerable quantities
Kansas City is expected to re-
port 100 cars of new wheat in a
day or two and with no indica-
tions of any wanted for export
our home needs will be more than
supplied and barring the unfor-
seen prices would seem to be
headed toward a lower level and
we can only report what we have
said for weeks that light advanc-
es wheat is a safe sale.
Corn-Receipts were large 63
cars at Chicago, yet primary re-
ceipts were less than a year ago.
The market had some help from
cables a showery forecast for the
southwest and a good cash de-
mand on the whole support was
good for the small offerings and
all months averaged fractionally
higher. Sentiment seems to be
that the situation warrants pres
ent prices. The disappointing
showing in the visible supply for
last week with receipts SO large
and SO much said about small
shipping demands that the dis
appearance of stocks is having
considerable effort with the trade
and a sharp recovery might not
be far away. On declines Septem-
Der will prove safe to buy.
Oats-The oats market was
dull but closed strong. A better
interest is noticeable in Septem-
Der and that month sold at 80
cents today reducing the spread
with July to 6 cents. From re-
ports received today, harvesting
in Iowa will commence by July
10 and yet an early movement
is not likely becausefarmers have
learned that best prices are OBJ
tanned later in the season. Stan
dard oats continue in good de-
mand and are selling at too big
a discount to suggest lower
market for the new crop months.
Provisions-The market for
the products was very active
during the early trading there
was sharp advance pork sell
ing Is to 20 cents over the open
ing. Offerings were light but at
the high point there was con-
siderable profit taking and the
market lost a little more than
the early grain just before the
close. Receipts Of hogs continue
to average under the estimate
and below figures for the aver
age Of the last few years. The
cash and foreign markets are all
steady to strong. Shipments
and the manufacture of products
also favorable to higher mar
kets SO that under these circum-
stances it would appear that
prices have declined far enough.
Packers are in control of stocks
and have accumulated large lines
OF the futures. Any further de-
cline will be unwarranted and
will be only temporary.
Flax-The market was dull and
prices are unchanged. Net mar
ket who must keep prices bid up
in order to hold up the market
for oil and while the demand for
seed products is good it is I'M
reasonable to think that cash
prices will be put down at this
time. Edwards, Wood & Co.
Opera House Block, Minot, N. D
NOTICE OF MORTGAGE FORE
CLOSURE SALE.