Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-12-30
DULLNESS /
FAILS TO AfFECI5
THE WHEAT MARl
! Review OF Grain Market 0
Week Shows New Signs In spite
Decrease in Trading.

,.. .oa .- -.
Minneapolis, Dec. so.-m spite
heavy holiday accumulations OF
ceipts, quiet export demand and
fair response in cables, wheat prices
new highs this week; Re ACTON !
setback late in the week rel leed
earlier gains from last SatSSlav
2A@3 cents AMI 202& centsNat
cago. Considering, the holiday d,li1
however, the market did not act W
Volume of speculative trade feil
and the market recently has DEL
strated the fact that outside int
entity maintained their bullish posi-
New high price for May wheat
$1.244, whites December fell shor1
reaching previous top for the crol
$1.24A. July at high was $1.20$.
cago futures also went into neE
ground, December to $1.27h. 14ay
$1.2G& and July. to s1.16t
Heavy Tuesday receipts reprdsen
over-Christmas accumulations fo91
and only the average to ordinaryfgMy
suffered in the arter-holiday NM
Mild weather and the effect Of the
cent advance on the selling attitud
holders who cashed in storage tic!
made better local receipts throug.
the week. and in view of the size OF
ferings the cash market acted
Prices eased 1@2 cents. although ia
high gluten wheat still cummande1
recent top premiums over Ma9sofA,
20 cents after a midweek SGt 5
Ordinary run held at 3@1S CENTS !
Statistics Of the week presented
tie that was new, except a deer
Of 1000. 900 bushels in the amount
ocean passage. Increases in y. s..
Canadian Visible was small, AMI dol
tic supplies at the end of the GALE
than last year. Bradstreet's wo
visible is moderately over last !
Latest statistics indicate need Of q
age worlds shipments. Of 1900
bushels weekly. but Europe has II
tuted long milling and flour fmiX
economies which mean smallN &C
requirements. Russia's fall from
nomic grace and deferred chancel
coming back as an exporter was
inc relief. M.
Unless unforeseen developmentg =
up further reaction promises to bSs I
crate. The worlds statistical POI
trend is upward. Wages have I,
While the European situation ,
mended slowly. the. constructive !
tude Of the United States in it's foN
policy, the big upturn in stsIling,
getting down to brass tacks Fyter
German indemnity make pro6abN
favor better conditions abroad.
Farm and export credit laws wi
only In so far as backed by ecoS
conditions. but in the meantime,
various plans proposed have beef
tonic to sentiment. Chances favoS
| RI Y10fnlHy 6{oh1r -rs~. D. -.N--
though enthusiasts are, likely to. be
appointed. High levels Of last 81
are pot indicated unless European
anceS or Argentine news spring a /
prise. a ,=n r.1 J
Winter wheat conditions were J
favorable. with mild weatherN1l 5
tered rainfall. Western KaIC3s.
parts OF the extreme southwesI
Dry. Southwestern receipts ~
Sharply, weather and prices He. mn
Wheat price movements durihgl
year were an upward swing for the
four months, followed by uncerts
and a sagging tendency until after
prices were established in Septen'
From tina time IN an irregular adv
carried prices slightly above the IL
OF a year ago. Fancy cash wheat
lsned 1922 several cents below a
ago from the abnormal cash prem
The first half Of the year was d
ests. Small sBring wheat sWupl les y
spring wheat flour at "a Mtat
competing with winter wheat /
based on cheaper wheat. The new
altered conditions and from Octobe;
there was a more evenly balanced i
market than in several years. bee
rust, blight and other Ills played
havoc with the spring wheat crnn
Flour continued under the speli
holidays and trade. was even
than last week. Light busineslS
Indicated by shipments over ChrSEt
tuesday total beingl 49,9o3 Ha
against $3.50 for two days last Z
Late advices indicated bulk of ira
TOUR has arrived in east and, a
PORTS reported stocks small, Put
t iii m 'mpL oyemsnt vas not ex1 2ted
TENDER 1 have been 1900, 900 bar,
last year 6,40O, 900. Since LANAI,
shipments LOO, 900; last Aria 1GnG
Corn and oats were dominateG
price moves at Chicago. Big Te,1
cav former an easier tone in ,
oi puIl support. December congo
Vas Tess than expected in both Les.
coarse grains. ay.futures We're III
~ easier imam a Week ago. a goSHi
port demand sprung up for corn
oats were featureless in the nittN
cash trade: Local cash prices, were
Ter with fairly large receiptLJ A.
yellow corn sold at S@SA ceXts =,
chicago May. slow nearby demand = :
i 1ag ne market to a shipping basis
uet tne east. Oats, premiums d.
over. pA.e h
Rye was practically unchanef
easn and futures. Elevator anil !
larry steady speculative denial ,
care OF hedges, based on belle
stiensth would help rye. Bad
little pricewise. Both futures
were about where they were
Flaxseed futures buleed sh,(
December congestion. AT the
however, May gained on the CASH.
Little that was new deVelonsA a.
general situation. Holiday mi ~
oemand for oil and meal took tba
OH the cash situation, but crv
readlly absorbed the fair currans
celpIs. ' Forward sales Of %produrt.
hMi.ei ana early spring delivery !
seed ~ ~ sooi volume until recently
clalists feel that top has heen ne
% the time being and lower nr;na.'
uue unless oil and meal demand &C.,
steady. s '1't''
T. Eastern crushers continued to !
rent, nmoant OF Canadian seed and
s ean : SEED was on an import bas ;s
RECEIVING more attention. a :
current receipts are fair N
markets n at Winnipeg. r,aths
uatlon may improve after IL
ny presetn indications are fdr, fess :.
IN the demand for a time. iess !