The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-09-14

mistake to suppose that wheat ha:
been ranging much below the price.
OF year ago. The range of contrac
wheat in the last week of August, 1922
was, for September delivery, 991s tc
81 037s while for the last week Of
August. 1923, the range for September
has been from sl00 to Sl03: for the
December delivery, in the same weeks
the range was. last year. Sl.00A &c
Sl.055s; this year. Sl04% to Sl.07H
Last year. the Chicago and Minneapo-
lis markets were about on a level,
while this year. on the last day OF
August, September wheat closed in
Chicago at Sl.00}s and in Minneapolis
at Sl.l4Ss. The December delivery
was about } cents higher in both mar
kets.
All other grains are higher than
they were a year ago. two months or
one month ago. In corn. the range
in Chicago during the last week of
August. 1922. for September delivery
was 59B to COZ cents, and for the
December NEW CROP delivery, from
81 TO 557s. in the last week of August.
1923. the range for September delivery
was from Slss to 84H, and for the
December delivery from 66H to OTIS.
The fact that the December delivery
NEW CROP is selling about IL cents
per bushel over the corresponding
figures of a year ago and about 5
cents bushel over what it was two
months ago, is notable because the
crop now promises to yield over g.
900. 100000 bushels and rank among
the half dozen largest crops ever pro-
duced.
Oats, year ago for September de-
livery. were ranging from 3l}s to 32S Il
and at the close of August. 1923. from
~ to 381s.
The most pronounced change in
prices has been in hogs. which scored
IN advance of about $500 per hundred
weight in August, remarkable DEM
of strength in the fall of
ecord-breaking receipts at the prin-
:ipal markets since last winter The
dvance may not be sustained when
he big fall runs are made, but il
hows how readily the market re-
ponds when demand and supply
ONE into fairly balanced relations.
The market for we'll finished cattle
lso has been much stronger, and
heep and lambs have been doing
veil.
The cotton Situation
The cotton situation has been an
extraordinary one throughout the
ear. Two short crops in succession
ad reduced the stocks to a point
'here anything like normal consump-
on would exhaust them before this
eason's crop would be made But
he high prices which resulted from
lis prospect had the effect OF re-
ucing consumption in some OF the
markets. Exports from the
nited States in the crop year ended
ily 81, 1923. were 100000 bales,
hich compares with 9.99o, 900 bales,
'eragc exports in the FIVE years end
g July 81. 1914. :
The following is an extract from
cent letter by member OF the staff
the London branch of this Bank,
uching this subject.
The Manchester spinners simply
nnot pay the price for American
'tton and make it up into goods that
III compete in the markets OF the
orld. More than three-quarters OF
c business done in Liverpool used
be in American cottons; now the
merican product constitutes less than
e-half OF the total and the rest OF
business is in the so-called out
lers" i. c. Peruvians, Africans. and
dams. Manchester prefers the Am
can cotton and will return to it as
on as possible, because they have
en- using it for generations and
srefore know the grades well. Fur
'rmore, the grades are uniform,
nch is more than can be said. of the
and this makes for better
from the spindles and
ms.
The official figures for British ex-
rts OF cotton piece goods support
S statement For the month of
y, 1928, these aggregated 3l6.0s4,-
square yards, against 63S,o7l 900
the corresponding month of 1918,
445,ol0000 square yards for July,