Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1921-07-22
WHEAT PRICE WEAkENS
Over Bought Condition Brings
LuI| in Advance.
Grain Deliverable Under Future Con-
tracts Rule Factor in Drop-Man-
ttoba Wheat Maturing Ahead
Of Rust Damage.

c.. for week ended July 10. 1921.
GRAIN: Black rust reports, unfav-
orable crop reports, drouth in Europe
and increased outside buying were
factors which resulted in price gains
during ;i.e week. though markets drop
ped on tie 18th due to evening-up
sales AID {. lull In outside speculation.
The rule of the Chicago Board Of
Trade, making grain in cars deliver
able under future contracts caused in
dependent weakness in July wheat at
Chicago On the 18th. An over-bought
condition on the 18th resulted in fall
ing prices. Manitoba reports that
wheat would probably mature ahead
of rust damage. Country offerings
small. Visible supply of wheat now
12,849, 900, bus; corn 20,373,000 bus.
In Chicago cash market No. red win
ter wheat closed at $1.26: No. 2 hard
$1.27; No. 3 yellow corn &c; No. 3
mixed corn &c; No. white oats 38c
For the week Chicago July wheat up
TIC closing at $1.262s; July corn 2Ac
at &c. Minneapolis July wheat up
9%c at $1.31h. Chicago September
wheat up &c at $1.27h; September
corn 2Ac at 61%c. Minneapolis Sep
TENDER wheat up 91ac at 1913; Kan.
sas City September wheat up S1c at
$117%.
HAY: Light stocks and receipts
cause 81 advance in eastern hay mar
kets. Receipts of new timothy in
creased in central western markets
but prices were practically unchanged.
Southern markets very quiet with
very little hay moving through Some
new alfalfa and timothy was bought
for deferred shipments. Quoted July
10: No. timothy Chicago $25, new
$21, St. Louis $26, new $50. No. / al
falfa St. Louis $25. No. i prairie
Minneapolis SIG.
FEED: Demand dull in most Sec
tions. Reports of destroyed or tenn
for recent price advances rather than
improved inquiry. Visible supply oil
meals light and apparently in strong
hands. Country dealers buying light
ly and sales generally below normal
with stocks in excess of requirements.
DAIRY PRODUCTS: Butter mar
kets more firm during most of week
but were only steady at the close.
Price advances, which have occurred
daily recently have been checked and
Chicago was the only market showing
higher prices on July 18th. Hot wealth
er and falling off in the visible sup
ply of butter have given confidence to
the market. 80 score prices today:
New York 41kc; Chicago 40hc; Phil
adelphia 40hc; Boston 42c.
Cheese markets were very firm un.
der an active export demand. Wiscon-
sin primary market prices average on
July 18: Twins 14c; Daisies 14kc;
Double Daisies 16Ac; Longhorns and
Young Americas 1Shc.
: LIVESTOCK AND MEATS: Chi
cago livestock prices for hogs and cat
tie advanced during the week but
those Of sheep and lambs declined as
nHch as 81. The advance Of 55-70c
on hogs would indicate that the up.
ward seasonal trend has started.
Steers are 10-50c higher. The price
range on butcher cows and heifers
widened, a Csc advance being scored
on the best grades. Lower grades
feeder steers declined Csc while lower
grades of veal calves advanced an
equal amount Fat lambs declined 81
while other classes of sheep were
about steady. July 18th, Chicago pric-
es: Hogs, top, $10.85; bulk Of sales.
$9.2510.75; medium and good beef
steers $3.50: butcher cows and heif-
ers $3.75-S.75; feeder steers $780,;
light and medium weight veal calves
$9-11; fat lambs $8-10.70; feeding lambs
$6-7; yearlings $6-S.25; fat ewes
1856.
Dressed beef at eastern wholesale
markets declined 50-75c on the lower
grades, compared with a week ago.
Veal showed no change. Lamb de.
clined 81 while mutton advanced from
$14. Light pork loins advanced 81
while heavy loins were irregular, ad.
vancing 81 on the better grades. July
18th prices, good grade meats: Beef
$14.25-16.50; veal $16.19; Lamb $3.50:
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