Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1922-08-17
WHEAT MART DEPREsT
European and Canadian News
Sends Wheat Still Lower.

Y. 5. Bureau of Markets. Washington. d. C.
TOT week ended August IL. 1922
uhAIN:-Gratn prices continued
their downward course more because
OF lack OF speculative buying than be-
cause Of selling pressure. There was
evening up for government crop re-
port early in week. Report was con.
strued as slightly bullish on beet and
Dearish on coarse grains but strength
in wheat was only temporary. Chi
cago September wheat declined Az
centss:s Chicago Sept corn declined
3%. On August IA, IL grains broke
sharply and wheat and oats sold at
new low points for season. Restricted
export demand and pronounced lack
OF speculative buying support were
mainly depressing influences. Rail
strike and talk of smaller grain move
ment ignored. Visible supply of
wheat 26,596.00O bushels compared
with S9,514,000 bushels last year Corn
featureless and prices largely follow
ed wheat. Closing prices in Chicago
cash market Number Red winter
wheat $104: No. 2 hard winter wheat
$1.O5; No. mixed corn 60 cents: No.
2 yellow corn 81 cents: No 3 white
oats 81 cents. Average farm prices;
No. 2 mixed corn In central Iowa about
48 cents; No. dark .-orthern wheat
In central North Dakota 80 cents
Closing future prices; Chicago Sept
wheat $10lh; Chicago Sept corn
SIN; Minneapolis Sept. wheat $1.05:
Kansas City Sept wheat 93Nc: Win
nipeg October wheat $102h.
LIVESTOCK AND MEATS:-Net
changes in Chicago hog prices for
the week were rather slight. Medium
and light weights were practically un-
changed while extreme heavies were
Is cents lower and some desirable
heavies about 10 cents higher than q
week ago. Beefs steers we're 10 to IS
cents lower with better grades Of
butcher cows and heifers and lower
grades of teef sters generally Csc
lower. Feeding steers were firm to
| l0c higher and veal calves generally
soc higher pc ROO pounds. Fat and
feeding lambs were firm to 10c high
err, yearlings 10 to Csc higher and fat
ewes unchanged. On Aug. II. hogs
opened 10 to 15c higher than Satur-
days average, better grades closing
steady at the advance. Better grades
OF beef steers and butcher cows and
heifers were strong to 10 cents high
er with spots up more. Stock steers
| ID no1unS StnadV Fat
lambs were firm to shade higher
with feeders slow August II Chi
eago prices; Hogs top $10.35; bulk
$3.50 to 1925; medium and good beef
steers So TO $40; butcher cows and
heifers $3.50 to 50; feeder steers s4.5I
to 7.75: light and medium weight veal
calves $40 to 1125; fat lambs $ll.5a
to s12.75; feeding lambs $11.50 to
$3.50; yearlings $3.50 to Sill; Fat
ewes So so to 1855. Stocker and feed
er shipments from IL important mar
kets during the week ending August
we're; Cattle and calves $3.50; Hogs
4,279; Sheep 44.224. Eastern whole
4.279; Sheep 44.224.
FEED-Millfeeds quiet, only scat
tered buying for immediate require
ments noted in mos< markets. Brar
weak. A few thousand tons OF braI
Linseed meal demand light, marke
weak
DAIRY PRODUCTS: Butter mar
kets firmer than a week ago. Receipt.
heavy but active trading at lowe
prices prevailing has helped avoid &C
cumulations Production showing
some signs of decrease.
Closing prices 92 score butter: New
York 341a: Phila. 35; Boston 35h
! Chicago 80 Chees markets barle,
steady. Advances in Wisconsin mar
ket entirely supported by trading il
distributing markets which continued
70 be on a conservative basis Prices
at Wisconsin primary cheese markets
Aug. 18th Twins 1871: Daisies lslzc
double Daisies 1sc Young America
lsc, Longhorns 19Ac: Square print
! 81