Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-04-01
WEEKLY MARKET

Minneapolis, Minn.-There was little
net change TOR the week In wheat
prices. In "a way the market was
between hay and grass. future
strength as a result OF expected
dangerously close adjustment or
worlds supplies to demand was put
In the background by continued drag
gtness displayed by cables and a
sluggish cash demand Ifrom export
and domestic milling sources. At the
same time there was much uncer-
tatnty owe the southwestern crop
outlook in spite of recent general
rains. Authorities differed radically
on the crop outlook ard the market
was a weather or crop affair
erratic and nervous within a moderate
range. without definite trend.
Following the 6 cent break last
week on reversal in foreign markets,
May wheat advanced l 1-s cents for
the week up to Fridays close and July
l 5-8 cents. Chicago was up / 1-20
l 3-4 cents. Winnipeg was relatively
easy. ruling Ia cent lower for May
and SIS cents UP for July.
Winnipeg advtces late in the week
said stocks at Port William and Fort
Arthur were around s4.0o0.00 bush
els, with 100000 bushels in transit
between Winnipeg and lake ports,
with only 100000 bushels char
tered to go out when navigation opens.
This situadon was a factor at Liver
pool. according to Broomhall cables.
Claims of poor termination in parts
OF Kansas, Oklahoma and Texas with
green bugs appearing in several
counties in the second named state.
helped to make the strong Thursday
rally, The trade also had the report
that the senate committee had decided
on 80 import duty on wheat in
stead OF IS cents rs provided by the
house hill. Present duJ il IS cents
Inc ven with this barrier 1o.oeo,Aeo
bushels o. Canadian wheat has been
imported as wheat or noHr in snssern
markets xnd scattering lots have come
here
Decline On Friday was another Dis
appointment { eesevers In higher
prsees Rs \ result Of csose adjustment
Of wo-sd,s supply. and demand The
foreign markets we@e cas- despite
smaller Argentine shipments Teal
from ska; source for he week VAS
.slS,ese hashesS 1Eainss &sei,SSN
bushels the week before and ,4@s,-
aea bushels last year. Since JaneaC
Gee. coo hush0A Against 1s.etA,sea
bushels last cal Au<rasnn sesH-
ments increased to 4.eeo,e Gee bushels
from half tina. total the week before,
acting as an Offset abroad.
Export sales only about ess--
eco bushels q day on h average and
mostly Manitohas or new crcp Wiate-
wheat for July-Argus shipment Only
one day was there a fairy good hES-
all Aanitoha's and a little duran
anoat- Liverpool eased hack Is IL
emit over Chicago at equal 20 SLASH.
compared with recent premium OF -
cents in the English market
Ample presen, supplies are the bis
factor in checking advances h c
s visible is s7,1pe,eoe bushels. aaiaS
2o,761.o00 bushels las year. Brad
streets worlds visible is 1Gs.1Is.ae0
bushels against 1S4.Ss2,eoo bushels.
Ocean passage showed a decrease o.
10000 bushels, bu. total was So
o00. 1000 bushels, against 5s,0oe.e Gee
bushels las veal
English s~:atisicians estimated the
! years worlds surplus I'VE require
ments at $4,000 ,oee TO 10000, oa.
bushels. This is a marrow margin.
but at present it is not narrow. and
estimates OF supplies and European
requirements are unusually subject 20
revision on account of financial con
ditions abroad.
First crop estimates since Decem-
Der were issued the LAS Of the week.
5. W. Snow, Chicago expert. whose
figures usually are close to govern
winter wheat 1871. against rs last
December. On 1o-year average aban-
donment Of acreage he put the prom
Use at 10000 coo bushels. against
$4,000, 900 December ! and final yield
last year of 7s7. oee. 900 bushels
Estimate of P. 81. Goodman. anplhe-
Chicago statistician based ID his ~
ports of 1913 per cent abandonment.
was $50, 900. 900 bushels. This hRn
ceeded only in Ave ear o. n las
ten Goodman's condition figure VIII
1916. Government figures Ere Lns
late next week unless dsre If cnR1sren
The reports stated ample 11niE-1r-t
now is present through the Bpr1thHses
and only growing weather If 1ssfsf
to show the extent To which ttr en-
can come back after snriier 1iru1rzr.
Cor eased slightly for the xs.aI.
Receipts decreased, but there EH 4
quiet eastern cash densanG. sait1n1ts:1
fair daily export saEeE wsrs ,-e1ru-reI-
Speculative support uecreassr VIII
the easier tone in wheat GEs-K IT
May liquidation before the IrsiresT
period starts was ,1e1ren, exIs~.a4lt,
with the visible supply -Imv x: IN .tf,r .
900 bushels. asainst g. 1907 .um I,us1e.s
last year
Chicago May declined - ar, nr>rs
cast market was unchanged ~ -,
cent better. compared ax,tfi t.s "~ftzI:-s
No. 3 yellow selling "a q -E sa=rF
under May late in the s.ea -rrs--
tain hog niarket adueL ~ rrfser.slnrr
in corn price lrenr-
Only small changes c4rrEas=-.r ~.r:r
last Saturday werD ,sfefEssf Ts- ..as-ze
grain futures here, M G-g azs@= NJ
SD cents. a NJ Is s-z.14s. ~,e lt
Ia cent and barrie % -% .s+ss 4ssy
fax was ! "a certs sElzst.1- ~rs-.yigas
rather consistent week.-mrs. a. tbt.s4rne
Aires. Higher import ut,s. ea az
which would tend TO Eenpcs sesrf1r1.e.-
ton of foreign oil which iss.e fe=pseeast
eastern markets, WAS q -tsep Lae@
receipts held light and se 4 apsr
seed was i GER stronger spnala.sst
with May price. llenart 1eeru ts-rss-
ers was fair.
Cash wheat and fonr .1s.ss xas
mostly bearish- The local dysarxs-: wa
in the strongest position OF srF m tiss
country and showed il IN firm Srs-
miums over futures for sanpiss sMe-.
ings. No. l dark northerr ssif 81 81
626 cents over May. compared 1t-s
, 100 Is cents over laH SAiSsSxF. Ie
3 dark was May price TO zs n<r1 cHe<
Durum also was 1@7 ces.s Grssr.
STOCK MARKET
WAS IRREGULAR
II ~v~rV~ ---~