Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-07-15
WEEKLY MARKET
REVIEW ] ]

Enect of the strike on July deliver
les was confined largely to south
west, where rains also held PACK tho
new crop movement. However y. Re-
duced winter wheat offerings to-this
market, and nervousness over posi- '
hiiities spurred demand for the limit
ed local offerings. July shorts took
fright and covering In the pit dis
closed small offerings except on
smart advances. Advancing In cash
was spectacular Wednes-
day and Thursday, when local mills
had to buy in competition with q fair
outside demand. Premiums advanced
2 to 4 cents two days running, 'anae
for the. week almost doubled the
amount lost last week.
On the advance elevator wheat
came out and checked the upturn.>
Buyers could get elevator No.s1 dark
northern S cents under caElot pre-
miums and several hundred thousand
bushels were sold to local and OUT
side mills. CARROTS Of No. ] dark
northern sold up to 27-43 cents over
September, and No. 3 dark northern
to 1887. cents over. Choice Kansas
No. 2 hard sold at 1925 cents over.
Crop experts touring n northWestt
for leading Chicago houses found cong
siderable rust in Minnesota and the
DdhOldS, dIO kklC ,AlISAo ~ SSAA~ ~ ~
lection was enough to create uneasi-
ness over possibilities, although the
majority of the reports indicated the
crop was SO far along toward matur-
ity That menace was not serious.
Weather vas cool enough to take h
edge OF the scare.
The government crop figures On
spring wheat were a disappointment,
the indicated yield of 24S, 100000 BIZ.
being around 10, zoo, 900. bu short Of
expectations, but there was an idea
hat If rust does not do serious dam
age in the next week the crop will be
larger when the next report Is issued.
Detailed figures on the spring wheat
crop showed that increase over June
/ promise would have been recorded
but for decline of 3,5O0,000 bu.. in
Washington and nearly 100000 bus
in Montana. North Dakota increased
10000 blu, and South Dakota near
ly 1000, 900 bu, with Minnesota oft
500, 900 bu. s
Reduction in winter wheat promise
of 80. 900, 900 bu. from June l was in
line with claims of disappointing
yields, and added to the bullish eff
feet of the official figures. sCrop to-
tai, however, was 100000 blu.
against 795, 000,0 900 blu. last. year. i
New flour business continued light,
but shipping directions came in more
freely, and this. with shipments by
2,ocal inliis 70 leaoins terIninal mar
kels explained me r flour ship
1890 800. MI y ~ a.s!o '.. oo11'o1%s
tSa efsns ior I've uass, asa el1 !e.,es.
ero VII MI. 49, saou anu S':..o q go
aSuL :, ,eate1 s'l 1an5;am er ners
and shipped freely to eastern ware
houses. In general, however, flour
puysis eois.aliueu 70 .nolu VI On ne~
BUSINESS nus awaaeang clop
ny q n.ure se..lee ioea u ~ price
oas.s ! eas neal ausure.
opecolat.ve ihterest IN 9 tWneat
market was har!oW Dotn,here and IN
Inc u sas1, anu ms aH1!Ieo.t aavance
Wn neI ove.solu Gonuilions oeSeiopeo
can = uhsnte u. 4As. ~eeh'
sep.etnoer wneat soAa up onIy.:Sdh
Thu" ,,rsdaN .Ithe,anS ~. - Genus up 10
NJ S Saay, .uiy Mas ~, ihole'
me German Crisis held Eex%
por. ue.nano IN cneck ana was a
namotSap Duis' as was inc CON
80 1870 unlesponeI ACTON VI brlt-
.S. mol eS. o.eae crop NEWS
as tuinsu lol iLs oetteI u.Arsen
Inns SIiplaents heiu up n a way TO
eule' iears u eAr.y shortage. IN Eu-
Up, VII a.seS tahaolan Wneat en-
1 80 49,
Amelican total. NeW crop m
M Ganaoa now run above 5Oo, oDo,-
wy Du. y
ArEenun snipped S,Vl1,OOO bu: Tor
me week agains $4,000 pu.Iiast
week ana l~,26z bu. ,year.;Fo
me year nc. date exports nave been
more tnan. . O0o oso U .&compared
with o9;ooo,ooo bu at his time last
year bradstreetsuNoItn American
shipments were 7,73s.000: blu, against
S,772.oo0 bu1 last week and 5,473,0o0
Du. last year Vlslole supply, decrease
N S'was disappolnting to bulls,
at Ss4.ooo ~. Win total 1s.S7s,0o0
by. against $3.50 9 bu. last year.
Worlds visible decreased ~1,45S,00O
ou.l with 800. egg ou.: increase in Eu-
rope and afloat. T.
Until 1T IS seen whether spring
wheat, now largely in the dough stage,
VIII be y spread of rust. a
nervous market Is, to be expected. Ex-
tent 81 usual hedging period depres-
sion Will depend on the comeback of
1iour demand and the attitude OF sEu-
our; wheat . sooner or later :
s gu Q. .ne Weeks fluctuations. Prices
1sais' ae sains in in the hoes se9 mad. sefs Ell;