The Hope pioneer., 1922-08-17
WHEAT MART DEPRES1
European and Canadian News
Sends Wheat Still Lower.

for week ended August IA. 1929.
GRA1N:-Grain prices continued
their downward course more because
of lack of speculative buying than be-
cause of selling pressure. There was
evening up for government crop re-
port early in week. Report was con-
strued as slightly bullish on beet and
bearish on coarse grains but strength
in wheat was only temporary. Chi
cago September wheat declined Az
centss;s Chicago Sept corn declined
S3s. On August IA, II grains broke
sharply and wheat and oats sold at
new low points for season. Restricted
export demand and pronounced lack
Of speculative buying support were
mainly depressing influences. Rail
strike and talk of smaller grain move
ment ignored. Visible supply of
wheat 26,596,OOO bushels compared
with 39,514,O00 bushels last year. Corn
featureless and prices largely follow
ed wheat. Closing prices in Chicago
cash market; Number 2 Red winter
wheat $1.04; No. hard winter wheat
s1.05; No. 2 mixed corn 60 cents; No.
2 yellow corn 81 cents: No. 8 white
oats 81 cents. Average farm prices;
No. 2 mixed corn in central Iowa about
4S cents; No. / dark r'orthern wheat
in central North Dakota 80 cents.
Closing future prices; Chicago Sept.
wheat s1.01k; Chicago Sept. corn
57k; Minneapolis Sept. wheat $1,05;
Kansas City Sept. wheat 93Ac; Win.
nipeg October wheat $1.02A.
LIVESTOCK AND MEATS:-Net
changes in Chicago hog prices for
the week were rather slight. Medium
and light weights were practically un
changed while extreme heavies were
25 cents lower and some desirable
heavies about 10 cents higher than g
week ago. Beefs steers were 10 to q
cents lower with better grades Of
butcher COWS and heifers and lower
grades of teef sters generally 25t
lower. Feeding steers were firm tt
10c higher and veal calves general!
, SOC higher pc r100 pounds. Fat ant
, feeding lambs were firm to 10c high
{ er, yearlings 10 to Csc higher and ia
ewes unchanged. On Aug. IA, hog
opened 10 to 15c higher than Satu1
days average, better grades CLOSING
2 steady at the advance. Better grade
OF beef steers and butcher cows an
!. heifers were strong to 10 cents high
! er with spots up more Stock steer
and veal calves were steady. Fa
lambs were firm to a shade highe
with feeders slow. August IA Ch
: cago prices; Hogs top $10.35; bull
: $3.50 to 1925; medium and good bee
4 steers So to $40; butcher COWS an
0 heifers $500 to SO; feeder steers $4.5
e to 7.75; light and medium weight yea
! calves $40 to 1925; fat lambs $11.5
r to S12.75; feeding lambs s1150 t
r $12.50; yearlings $3.50 to $11; Fa
ewes $3.50 to 1865. Stocker and feet
v er shipments from II important ma
. kets during the week ending Angus
J. 4 were; Cattle and calves 63,5S9; Hog
a 4,279; Sheep 44,224. Eastern whole
y 4,279; Sheep 44,224.
Millfeeds quiet, only sea
: tered buying for immediate requir,
). y. ments noted in most markets. Bra
y weak A few thousand tons of bra
v Linseed meal demand light, marke
: weak.
DAIRY PRODUCTs:-Butt ma
y kets firmer than week ago. Receipt
heavy but active trading at lowe
a prices prevailing has helped avoid a
cumulations. Production shown
some signs Of decrease.
y. Closing prices 80 score butter; Ne
u York 34h; Phila. 35; Boston 35A
@ Chicago 33. Chees markets barle
It steady. Advances in Wisconsin ma
/! ket entirely supported by trading
% distributing markets which continue
to be on conservative basis Price
at Wisconsin primary cheese markets
:, Aug. 18th Twins 1874 i: Daisies 1875
). double Daisies 18c; Young America
" 19c; Longhorns 19Ac; Square print
% 81.
e Minneapolis Closing Cash Prices.
Cpr;no u,hoot-No r3o or