Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1922-08-10
PRICES ARE ON DECLINE
Wheat Declines Still Further,
Pork Up.

U. s. Bureau of Aarksts. Washington. d. c..
for week ended August Z. 1922.
GRAlN-Wheat price trend for week
was lower except on August I when
trade sentiment changed temporarily
and prices advanced ON short cover.
ings. Reaction occurred at close OF
week carrying prices to new lows for
season on all except September wheat.
Corn futures acted largely in sympathy
with wheat. On August Z generally
bearfsh sentiment and hedging pres.
sure In anticipation of Government
crop report tomorrow carried prices
OF wheat and corn on. Export bust.
ness was quiet. Visible supply of
wheat 2z.433,OOO bushels compared
with 34.567. 900 last year: visible sup
ply Of corn 1865. 900 bushels compar-
ed with l3.s69.OOO last year. Closing
prices in Chicago cash market: No.
; red winter wheat $1.09: No. 2 hard
winter wheat $1.1O: No. 2 mixed corn
CSC: No. 2 yellow corn CSC: No. 3
white oats 80 cents Average farm
prices: No. 2 mixed corn in central
Iowa about 49hc; No. . hard winter
wheat in central Kansas soc, No. 1
dark northern wheat In Central North
Dakota $1.06. Closing future prices:
Chicago September wheat $1.O5k:
Chicago Sept. corn 60hc: Minneap-
oils September wheat $1.12; Kansas
City September wheat $3.50.
LIVE STOCK AND MEATS-Com-
pared with . week ago Chicago hog
prices showed net declines ranging
from Csc to $1.15 per 100 pounds.
Lower grades Of medium and heavy
hogs showing the greatest declines.
Beef steers were 10 to SOC higher and
butcher cows and heifers firm to zoe
higher. Veal calves 75c to 81 higher;
feeder steers 10 to Csc lower: tat
lambs Is to 35c lower. Feeding lambs
weak to 10c lower. Yearlings were
somewhat irregular but averaged about
steady. Fat ewes were weak to Csc
higher. On August Z the Chicago hog
market closed dull with packing
grades IS to 4Oc lower and others gen.
orally SOC lower for the day. The cat
tie market was generally weak with
lower grades of beef steers and
butcher cows generally 15c lower.
Stocker steers and veal calves steady,
native lambs from Is to SOC lower !;
feeding lambs and fat sheep generally
steady Aug. 7. Chicago prices: Hogs,
top, $40: bulk of sales $7.25 to $10.15;
medium and good beef steers $40 to
$lO.25; butcher cows and heifers $4.10
to So; feeder steers $40 to $7.65;
light and medium weight veal calves
$3.50 to $lO75; fat lambs $11.50 to
S12.65; feeding lambs $11.40 to $3.50;
yearlings $S.25 to 5000; fat ewes
$3.50 to $765 Stocker and feeder
shipments from IL important markets
during the week ending July % were:
Cattle and calves 66,9S3; hogs 1852
sheep 46.lOO. Eastern wholesale fresh
meat prices were firm and generally
higher for the week; veal, lamb. NUT
ton and pork loins were 81 to -
higher. Beef ranged from Arm to 81
higher. On August better grades OF
beef were SOC to 81 higher at most
eastern wholesale markets: yea
ranged from steady at same markets
to 50 higher at others. Better grades
Of lamb 81 higher with lower grades
about steady; mutton was steady al
some markets and 81 higher at others
pork loins 81 to 81 higher at New
York and firm to 81 elsewhere. Aug
7th prices good grade meats: Bee
sl4 to SIT; veal SIS to $17: lamb 81
to s26: mutton SIS to SIT: light porl
loins $21 to $26; heavy loins $14 II
&2n