The Miller press. [volume] (Miller, S.D.) 190?-current, 1923-07-26
log PRICES ARE HIGHER
Wheat Unsettled and AVERAGED
Somewhat Lower for Week
(For week ending July 20, 1929

HAY:-Markets holding firm. Re-
ceipts new hay increasing but arriv.
ais well absorbed account low stocks
In cities. Best grades rather scarce
and in excellent demand. New best
prairie moving well. Quoted today
No. 1 timothy, Chicago s25, New York
$2S, Minneapolis SIS. No. 1 alfalfa,
Chicago $23, No. / prairie, Chicago
$50, Kansas City $3.50, Minneapolis
SIT.
LIVE STOCK AND MEATS: Chi
cago hog prices were ~unevenly 15c
lower to 40c higher for the week. Beef
steers Is to Soc lower; butcher heif-
ers 35c to $3.50 lower. butches cows
Is to SOC lower with feeders 10c off
and veal calves 80 to 75c lower. Fat
lambs were 81 to LIS lower and year
lings 81 lower. On July 20 hogs were
active 10 to 15c lower at close; beef
steers, yearlings and fat butcher cows
and heifers very dull. Feeders strong
to Csc higher with fat ewes steady.
July 20 Chicago prices: Hogs $3.50,
bulk of sales 1915 to 1876; medium
and good beef steers $3.50 to 1866;
butcher cows and heifers $3.50 to 10;
feeder steers $3.50 to $40; light and
medium weight veal calves $3.50 to
1850; fat lambs $11.50 to 1850; year
lings S8.25 to IL; fat ewes $3.50 to Z.
Stocker and feeder shipments from IL
important markets during the week
ending July 10: Cattle and calves 49,
70S; hogs S,275; sheep 36,312. In
Eastern wholesale fresh meat mar
week, veal 81 to 8 off, lamb 81 to 8,
mutton 81 to 8 and pork loins 81 to 2
lower. July 20 prices good grade
meats: Beef SIG to 1850; veal SIS to
10; lamb $40 to %; mutton $14 to 16;
light pork loins SIS to 20; heavy loins
$12 to 16.
GRAIN: Decline in grain prices $14
and 16 was followed by s~teadiness on
18th and sharp advance 18th and
10th but weakness today carried val
ues under week ago. Bearish infu-
ences early were hedging sales weak
ness in Winnipeg or good crop pros
poets and limited buying power while
advance mainly due to somewhat over
sold condition and claims of damage
from black rust in Canadian spring
wheat territory. Wheat unsettled on
Goth and averaged lower. There was a
sharp rally one time to about yester-
day but prices declined again toward
the last and finished hear bottom.
Less disposition to follow decline how
ever and fair support from commission
houses on dips. Scattered ~liquidating
were evidence on late declines with
some selling by northwest interests.
Corn prices followed wheat. Senti-
ment in corn mixed with increasing
disposition to take selling side on
bulges. Closing prices in Chicago cash
market: No. 2 red winter wheat $1.02;
No. 2 hard winter wheat $1.02; No. 2
mixed corn sec; No. 2 yellow corn
SOC; No. 8 white oats 43c. Average
farm prices: No. 2 mixed corn in
central Iowa 73hc; No. 2 hard win
ter wheat in central Kansas 7Sc; No.
Il udIh HOTIu0Iu WuSdt III GcLlIdl
North Dakota S5c. Closing future pric-
es: Chicago September wheat $3.50;
Chicago September corn 76bc; Min
neapolis September wheat $1.03&;
Kansas City September wheat 92Ac;
Winnipeg October 97Hc.
DAIRY PRODUCTS: Butter mar
kets were firm early in the week but
later became unsettled and irregular
with some price declines occurring.
At the close today the n was about
steady. Hot weather defects have cut
down the usual percentage of fancy
grades, causing undergrades to accu-
mulate In such an amount that at
times they have been hard to move.
Closing prices 80 score butter: New
York soc; Chicago 3Sc. Cheese mar.
kets more active since trading became
established generally on the same
price basis as last week. Buyers oper-
ating more or less c~onserpatively on
account of increasing storage stocks,