Grand Forks herald., 1922-06-10

Minneapoli Minn.. June .,
'Almle16 moveme ent within O. narrow
srAnge chafacteF1xe6 the ylteSt .nnarss
kAfs this week. ';s xa ~ NykthSR and
crop MARKET. and ssE thyl nneak lsOjf.
recent weeks. the tfa y wa inS its,
nsaf fir The fact tlaais Xern4
81 coloriess afurA 81 tsiI 81 sta Il. !.
sts md favora Bile scttl lfaG{sfSbf ttG
thet ana various con niGti ti6e III G
tended Il IA sss1k Sep trade 3duil:s
Gsk news. afforded no inHpira4ion,
sstiS mills con H6siint d hand to-
,st1uth buying policy; ana exDbrt .de-s
imandt remaining slow. Only slight
Changes from q 81 feskIAgo were shown
at the close Friday. 4 s;$s
Export market news was not en-,
scouraging late in the week. New
York repoHed,, buying back 24o, 900
600 bushels AanitpbAa from British.
buyers at 2 cents below market parx
ity. Export sales ranged from $50.
900 to 500, 900 bushels a day, mainly
Manttobas. A Greek order for L.
?0O, geo bushels Was expected, tor be
Allied within te1 days. but other for
fefkn buyers held on. ,'s q. II I! Z. Il
Argentine smarke(s were Hsak. de-
seH nt1GS s s. s1 z ~ Is acant u tlatsSan the
SEeeks on slow SexNQt$ d tsDkn0 sas# Ship.
q Enae Es q from scSrce slfsH off to
Sl.s !, 900 bush alnst ,4a5, 900
Bushel sse s. ls Ses
hand, Broon,hali I. me entioneds fairly
!, steady prices: :and smaller offerings Of
Australian wheat. {. . T
Based On, private estimates Argen-
tina, Australia a1dx Canada have
f15. .0oo,ooe hnshels left for export
and recent rate OF shipments might
account for 4o,1Q0,oo0 bushels in
,I.,I June Snrplns you'd be moderate,
bushels, atnIptt iii, 900. 900 Bushels
last year. II. H.tiyisiple showed a. small
increase this week; with total q 2s,-
34l. 80 bushels; aEatnst s,334,ooo
bushels last yekr. A fair decrease is
pro6Ahle Monday.
Rains Of late in the week removed
the Feasibility. Iof anything but good
crop news from the northwest tor
some time In the southwest harvest
has started IN early felds as far north
as q. the southern tiers OF counties in
according to conservative authorities,
and there has been enough but not
too much rain. .ssl t,,s.?s
It is the season, however, for talk
Of poor filling and disappointing
yields, and support may come from
this source. sKans&s always supplies
scare, and nof doubt VIII this year,
even IL the crop Is to BE close to the
present government estimate Of Ill.,
! good one, or Europe, comes in and
!, takes new, wheat in quantity, con-
tinuation Of nervous, draggy action is
likely. ~. .aaa, n ~
Cash wheat held its own compared
with futures during the week. Choice
spring wheat was wanted, with Of
ferings moderate. Premiums held
firm. without change in the range.
Ordinary to poor milling wheat. es-
pecially soft Minnesota offerings.
were draEgys No. ! dark northern
/; dark at July price to Is cents over.
Durum was firm. with choice in de-
mand. No. l amber sold at SO II
cents over Duluth July, No, mixed
at July to IL cents over Winter
wheat was lower for all but the good
dark hard offerings. Kansas No. 9
hard at 10 cents under July to Is
cents over.
Government report was pigeon
effect on the market The crop total
at S55,000.0 900 bushels was 5000, 900
bushels over Goodman's figures and
100000 bushels under SHOWS. They
| varied only shade on winter wheat
from. the official, 6o7, ,o00,e00 bushels,
but governments 24s.oo6.000 bushels
for spring wheat was 100000 bush
els under Snow and 100000 bushels
over Goodman. General consensus
out Of line after the good rains OF
the last few days, but the critical
| period OF course Is weeks ahead.
A feature of the news. which at
tracted little attention was decline bf
nearly 5 cents in Winnipeg July to
| $1.26 SIS and 5 cents in their Oc-
| tober to $1.1S 1so, while Minneapolis
was Ia cent higher for. July. 7-S
cents lower for September at the
close Friday. and Chicago 1-S cent
higher and l IA cents lower, respec-
! lively
| Government estimate of 1905
\ 0e0, ,0oe bushels oats was above priv
ate estimates and acted as late
damper on the market. Futures de-
clined / cent for the week and No.
whites held at 1-4@1 cent over July
price Corn futures turned higher
with Chicago, where lighter Receipts
and firm cash market caused a / Ia
! o. "a cents advance. No. 2 yellow
cents under Chicago July despite
! fairly large receipts. Mixed was the
same to I 1-2 cents loss. Barley
dragged of l cent with oats. Cash
| demand was sluggish. -
Tho only marked weakness in the
list was in rye and fax. The former
| felt the effect Of bright crop pros
pAc<a ana impending new crop oner-
! inSx. government estimate OF 81
1 a ~ A~.A