Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-26
FARM PRICES
ALL ADVANCE
DURING WEEK
Montana Farmer Says Market
Conditions Encouraging
to Agriculture.

Ample justification of an optimistic
outlook for the business Of farming is
recited in the weekly statement of the
agricultural ~radiophone broadcasting
service of the Montana Farmer, pub
lished in Great Falls. Price advances
with nearly all the major farm COM
modities are cited in the statement to
illustrate the upward trend of condi-
tions as affecting agriculture. The
statement follows in part:
prime steers prices the highest in
nearly two years, lamb prices on a
high level, the hog market well sustain
ed in spite of heavy receipts, wheat
the highest in three months, corn the
highest since January, 1921; oats the
highest since March. 1921; raw cotton
highest since December, 1921; cheese
price highest since March, 1921, and
fresh eggs the highest since last Feb
ruary, were some of the encouraging
developments in the markets for farm
products last week.
Since meats, butter and eggs are re
garded to some extent as luxurieS, they
are benefitting most from full employ
ment of the laboring classes. Cotton
and wool likewise are affected favor
ably by the business revival and ex-
p~ansion in volume of manufacture.
Advance More Than Hoped For
prime steers advanced to $3.50 at
Chicago last week, a price much higher
than the most optimistic hoped for a
few months ago. Only extreme scarcity
has made the advance possible as but
few sales at a few markets are being
made above SO. intermediate and
lower grades advanced % to go cents,
the wide outlet to feed lots being a
factor. Cows were 25 to 40 cents
higher, heifers were 80 cents to 81
higher and calves rose 70 cents to 81.
Receipts at 10 markets increased
slightly. but were not above normal
for this time of year. Shortfeds are
in the majority at present. Range
cattle came in largest numbers yet this
year. but the movement from that
quarter should begin to diminish after
another month.
Lamb feeders are buying as fast as
suitable offerings can be had and in
the week ending October ID took
192, 315 head from the u leading mar
kets. The movement countryward at
present is larger than at this time last
year or two years ago. but October is
always the peak month so that the
present rate will not last much longer
ana Ilp SPdSOH y lOldt VIII DC IL GklIG
one. Shipments in August and Septem-
Der were the lightest in at last six
years.
Fat Lambs Bring STA
Eat lamb prices are holding around
S14 or a little higher at Chicago. AS
soon as the western run shrinks, a
moderate advance will be in order and
the buyers Of feeders even at S14 may
vet come out on top.
wool prices were advanced last
week under general buying by manu-
| facturers who are supplied with orders
which will keep them busy for the
next few months and have not pro-
| vided for their raw material needs.
! Many of them waited for cheap wool
after the permanent tariff. but have
been disappointed in the outcome. The
| advance is general all over the world
as every report hat comes from
British or Australian auctions tell of
| firm prices or fresh advances. Some
American buying is going on as more
| wool must be imported no matter what
the tariff Is. Further advances in
| cloth prices are rumored.
with the total supply of wheat
| outside of Russia and Mexico actually
less than last year., when more was
! consumed than was produced. the ex-
istence of a large surplus IN North
| America becomes less serious since the
movement from the latter to date has
been absorbed without difficulty.
Decline IN European Wheat
BESIDES the decline of approximate
" 25O, 600 900 bushels in European
| wheat production compared with last
year as shown by reliable estimates,
the rye crop is about 1Oo,O0O,Ooo
bushels less 50 that a big increase in
European wheat and rye needs is cyl
dent. These have been augmented by
wet weather during the harvest which
lowered the quality, necessitating the
use of a high percentage of dry foreign
wheat in milling. Substitutes, high ex-
traction in milling and war bread are
already being used in some European
countries and will be relied upon stu
further il possible but the shortage IS
too great to be made up by such
means.