The Hope pioneer., 1922-08-10
WEAK MARKETS RULE.
N. W. Products Remain Weak,
Wheat Declines.

U. s. Bureau of Markets. Washington. D. c.. !
for week ended August 4. 1922
HAY: Eastern hay markets weak
because of poor demand. Some in.
quiry for good old timothy. New gen.
orally of only fair quality and selling
slowly. Receipts light in central west.
ern markets and prices firmer. Strike
appears to be curtailing shipments.
Quoted Aug. 4, No. timothy (old):
New York $30.50, Chicago s21, Mime
apolis SIG. No. l prairie: Minneapolis
$3.50, Chicago $19.
GRAIN: Strong cash and export de.
mand gave strength to wheat market
early in week but drop in foreign mar.
kets and exchange rates depressed
prices before midweek. Selling pres
sure more than Offset fair amount of
export buying keeping wheat prices
in narrow range with no particular d.
rection until last day when short COW
ering advanced prices sharply. For the
week Chicago September wheat de.
clined Ac, Chicago Sept. corn de.
clined 1bc. On Aug. 4th wheat prices
closed steady to higher upon removal
of hedging sales against export de-
mand and because of covering by
shorts. Corn trade was moderate and
prices advanced with wheat selling
pressure lacking. Closing prices in
Chicago cash market: No. winter
wheat $1.12; No. 2 hard winter wheat
$1.14. No. 2 mixed corn 64c; No. 2
yellow corn Csc; No. white oats 35c.
Average farm prices: No. mixed corn
in central Iowa sic. Closing future
prices: Chicago September wheat
$1.0SA; Chicago Sept corn 62Ac;
Minneapolis Sept wheat $1.14M; Kan.
sas City Sept. wheat $1.00h; Winni-
peg Oct. wheat $1.11A.
DAIRY PRODUCTS: Butter mar.
kets steady to firm at close. Heavy
accumulations caused declines early
in week but war prices attracted spec.
ulative demand and brought about a
reaction. Closing prices, 80 score but
ter: Chicago 34c; New York 34kc;
Cheese markets lower and tone is
somewhat unsettled although inquiries
at country points indicate some re-
vival of buying interests. Prices at
Wisconsin primary cheese markets
Aug. 3: Twins 1Sc, Daisies 1SAc, Dou-
BILE Daisies 17Ac, Longhorns 19c,
Square Prints zoe, Young Americas
1870.
LIVESTOCK AND MEATS: Com.
pared with a week ago hog prices at
Chicago ranged from firm to soc high
er per 100 lbs. light weights showing
most of the advance. Beef steer IS to
| soc higher and butcher COWS and heif-
ers 10 to zoe higher; veal calves were
SOC to 81 higher but feeder steers were
10 to 15c lower. Fat lambs weak to 10e
I higher yearlings firm to 15c higher
and fat ewes Is to soc higher for the
week. On Aug. 4th light hogs were
strong to 10c higher at Chicago with
packing grades unevenly 20 to 55c
higher. Beef steers were strong with
butcher cows and heifers about steady.
Fat lambs strong to 15c higher with
feeding lambs steady. Sheep were
scarce but sold at steady prices. Aug.
4th Chicago prices: Hogs top $11;
bulk of sales $3.50 to $1O.SO; medium
and good beef steers $8.15 to $10.25;
butcher COWS and heifers S4.15 to 50;
feeder steers $3.50 to $7.65; light and
medium weight veal calves $3.50 to
$1O.75. Fat lambs $12 to $13.1O; feed
ing lambs SLIGO to $3.50; yearlings
$3.50 to Sill; fat ewes $3.50 to $7.65.
Stocker and feeder shipments from IL
important markets during the week
ending July 2S were: Cattle and calves
66,983; hogs 1852; sheep 46,100. The
trend of eastern wholesale fresh meat
prices was upward during the week
though net advances were generally
slight. Veal, lamb, mutton and pork
loins ranged from firm to 50 higher
per 100 lbs. Beef firm to soc higher.