The Hope pioneer., 1922-07-27
HEAVY HEDGING IN PIT
Rail Situation Keeps Trade In Air
Export Trade Good.
U. S. Bureau of Markets. Washington, D. c.,
for week ended July 2l. 1922.

U. S. Bureau of Markets. Washington. D. c..
for week ended July 2l. 1922.
GRAIN: During the week the trend
of market has been lower. Principal
bearish factors were optimistic view
on rail strike situation and hedging
pressure. Chicago September wheat
2asc lower, Chicago September corn
5sc lower. On the 21st wheat market
was stronger early because of large
overnight export sales from Chicago
market and more serious outlook in
rail situation. A sharp break at the
close was attributed to heavy selling
by eastern houses with foreign con.
nections which ran into stop loss or.
ders and resulted in net losses for
the day. Corn kept narrow limits and
closed lower with wheat. Closing pric.
es in Chicago cash market: No. 2 red
winter wheat $1.11h; No. 2 hard win.
ter wheat $1.13A; No. 2 mixed corn
63Ac; No. 2 yellow corn 63Ac; No. 8
white oats 3Sc. Average farm prices
No. 2 mixed corn in central Iowa
SIC; No. 2 hard winter wheat in cen.
trail Kansas $1.05; No. dark northern
wheat in central North Dakota $1.22.
Closing future prices: Chicago Septem.
ber wheat $1.10%; Chicago Sept corn
64Ac; Minneapolis September wheat
$1.15%; Kansas City Sept wheat
$1.O25s; Winnipeg October wheat s1.16.
LIVE STOCK AND MEAT: Chicago
hog prices ranged 20 to Csc higher ON
lighter weights but dropped 10 to 15c
on heavies, from prices Of a week ago.
Practically all classes of cattle lower,
medium to good beef steers weak to
SOC, heifers Is to Csc and veal calves
Is to soc down; feeder steers un.
changed while good beef steers were
steady to 10c up and butcher cows
10c lower to 15c higher. Sheep and
lamb prices also showed declines, feed.
ing lambs steady to Csc; fat ewes SO
to 75c fat lambs S5c an yedarlings 75c
net lower. On July 81 Chicago hog
prices were Is to Csc higher; cattle
| prices practically unchanged with
lambs slow, weak to Csc lower and
sheep slow to lower. July 21 Chicago
prices: Hogs, top, $11; bulks of sales
$S.40 to $1,000; medium and good beef
steers $7.90-10; Butcher cows and
heifers $3.9O-S.S5; feeder steers $5.65.
7.75; light and medium weight veal
calves $S-9.5O; fat lambs $12-13.15:
feeding lambs $12-13; yearlings $S.25.
1925; fat ewes $4.25-7.65. Stocker and
feeder shipments from IL important
markets during the week ending July
IA were: Cattle and calves 55,S43;
hogs 4,646; sheep 40,339. With the ex.
ception Of fresh pork loins which were
uneven, ranging from 50 lower TO 81
higher, prices on all classes Of fresh
meats in eastern wholesale markets
were downward. Beef SOC to 81; lower,
veal generally 81. mutton weak to 81,
and lambs 81 to SO down per 100 lbs.
On July 81 beef weak to SOC lower;
veal weak to 81, lambs and light pork
loins 81 to 50 down while mutton and
heavy pork loins remained practically
steady. July 21 prices good grade
meats: Beef $1450 to $16.50; veal SIS.
1S; lamb $22-27; mutton s15-2o: light
pork loins $20-22; heavy loins 1920.
DAIRY PRODUCTS: Butter mar
ket weak and lower this week. Sup.
plies of all grades especially the low.
er grades are plentiful. Closing prices.
92 score butter New York 36 cents,
Boston 361ac, Philadelphia 36kc. Chi.
cago 34c. Cheese market II to 1c
lower this week at primary markets
in Wisconsin and trading more active
at the lower prices. Prices at Wis.
consin primary cheese markets July
10: Flats 1914: Twins 1871, Daisies
1sA; Double Daisies 1874; Young
Americas 1917: Longhorns 1914:
Square Prints zoe.