Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-11-04
MINNEAPOLIS.
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EI xA111Ts.
Minneapolis, Nov. 4.-Wheat was ir-
regular but firm this week n metre
s ser vh %sas IN modest %iss price ga. rains. ,l D ns. n;
day. May was up only v cent. Small
offerings of December BECAUSE cash In
%terests we're turning thser hedges into,
May delivery made the market sensitive
hedge shifting into. the far month. SELF
ing of May and buying Of December.
There was little change in the news.
%aa f seaee s, sroSab d 1eIssf ~ o n. ' rsss9n.
west early. in the week. This removed
Ia potent bullish influence. At the
same time private crop reports estimat-
to e% wssss aer. q 70 Per q s Ssns ~ II tn sn Nv
orable fall weather: Belated. seeding
was resumed after the rains. but In dry
areas tho plant is unthrifty whore It
bearish influence wal tho periodic re-
ports from parts Of the southwest that
cars were more plentiful, and from the
EAST that western cars were being rush.
ed west. e
Bullish sentiment still predominated.
The halt vas regarded as natural
cont weeks. Belief continued that Eu-
,aes ts = p ssirs q IL ts : s;n ssap m nsne
buyers would have to bid Up to fiji
tnsir large reqetrements. English
but Liverpool premium over. Chicago
and Winnipeg increased. There were
moderate daily export sales. but some
eastern advices limited at more business
under cover. +.
T.o.>1 49,. - .- - -
pronounced. but prices were los cents
higher. Fancy wheat and shipping
lever Grade. recovered 400 cents from
shortage and its reaction on cash wheat
and flour demand. No. l dark northern,
sold at 701s n over December, late
IN the week, against 1923 cents over
cents under u cents over. a gain Of 1
cents on the low side Of the range. Dur
UNI was up. * cents for No. / amber.
other GRADES UP proportionately. Duluth
cal durum held at firm premiums.
Little change was shown IN the flour
market. Demand was only fair on the
average. Mill capacity In operation held
month sso and only s. per cent = year
ago. Shipments continued large OF old
sales Prices were unchanged from .
winnipss also failed to respond to
strength in American. or nnslish. mar
kets. The market at the close Friday
was only 4 cent over last Saturday,
sosh for Deeembef and Nay; No. !
sl.oe. Chicago December was up i
cent and May x cent. { Tho Canadian
market held up we'll IN face Of big re-
esipts-tM close to q. 1000 car daily
IN American markets n more farmers
were taking storage tickets as the first
selling for cash needs eased up. Sup
port from buying against export sales
Incresse Of 100000 bushels over last
American el:srenoes At ii,s5s,ooo bush
Eli ss;pS asa .. saa ;s'sis ..SaSS s s..f:I 4 f1e% Inc
: large world shipment today is in
80 bushels in SOM time. The Arsen-
II. 'ot sStf su. X; l is.s ss.l eu . sine, ss gsns.
~ ! Argentine shipments 9i have s BEEN
eusS ssis0s last Sp'9 9sar. Broom sroomhai i''0o e. bio
S Sridsy . ed II. that new ere erop prospects are
may bs i44.ooo.ooo bushels.
Private crop reports on corn shaded
last months government figures and
year, based on estimsted =carryovsr
from last year Of $50 to al million
bushels. B: ". Snow Of Bartlett-Frasier
oeampany, Chicago. ssttmated the crop
i t. s 'Ses' Ss $685. SSss sSshi Final .pGs crop IL, S.: At
was $3.50, o00. 900 bushels and c%arryover
i2S1. 200. 900 bushels. P. 8. Goodman Of
clement.curtis q 9 estimated{ the
over At Isl. 900. 800 bushels. A"0 'As
According to these figures there is
q shortage OF III per cent in corn sup
plies. while government figures show
situation Increased builish sentimen tt" in
the east and wal reflected in / cent ad-
low selling at S@41 cents. Oats were
advanced frsctionaiiy. Barley was Z
cents higher on the week.
Export interest In rye expanded dur
Ing tho week n the local market ad-
Of ef'e ssst.rn g markets ssn'' s anSes 1he exp rsaq
sales several. days running were 500, 900
bushels or better. Germany was re-
ported the leading buyer and was said
take care Of pressing grain needs.
Minneapolis and Duluth flaxseed gain
% ground during he week. both for fu-
lures and cash. Winnipeg was lower
tSs Cam G.nsai Sat m n:ss:t ooto5 sstu sna ca. In
seed moved up until the final session,
whom there was a drop Of 24h cents on
liquidation by longs allowing fairly
E kSSa delivery y e eR,ss Of rr rnis s'o onlg
Is cents under October close last sat
urday. No. 1 spot was IL cents under
the last price last week. December at
Winnipeg gained : cents and May /
cents. ~a
Strength here and at Duluth was pro-
nounced. November deliveries> rose in
v sessions from q discount almost
to October highest levels. In the local
market the (now) cash month was up
loH cents and Duluth 5h cents from
last Saturday. December gained AK
and AZ cents, respectively. Spot in
both markets VAS above $3.50. Receipts
CONTINUED moderate aRd crushers were
We'll sold ahead on oil Ind meal, mostly
up to tho first Of the year. allowing
for moderate reserves for prompt ship
mont demand. Both oil n meal, prices
were firm at prices ruling q week ago.
Current demand maintained a premium
for prompt shipment oil. n 4
W11xIY GRAIN 11vuW.
fBy The Associated Press.)