Evening star., 1924-05-25
WHEAT PRICES GAIN,
CORN FIRM, FOR WEEK
Department of Agriculture Gives
! Results Obtained From Review
| efi Country's Grain.
FAIR SUPPLY IN MARKETS
Quotations Show the Average Ad-
nj bnss
| vances as Moderate.

Moder3fs gains in wheat prices
We're made at most of the markets
during the week ending May "a,
states the United States Department
OF Agriculture in it's weekly grain
market review. Corn markets were
also firm and higher, but there was
an Indication of heavier movement to
'hc central western markets. Moder-
ate strength was also displayed in
the market for other grains and
slight price gains were reported from
most of the markets.
\ continued good export demand,
principally from Winnipeg. together
with a fairly active milling demand
and increasing reports of crop de-
terloratfon because of dry weather
in the southwest, were the princi-
pal strengthening factors in the
wheat market. No changes of i'm
portance Were reported in the
worlds crop situation, but estimates
from important commercial sources
indicated that the supply of grain in
the. principal producing countries at
the first of the month was about
4>,50o,000 bushels larger than the
corresponding time last year. The
worlds supply, however, has decreas-
ed almost 50,000,000 bushels since the
first of April. The world movement
continues large and the surplus
stocks are being rapidly consumed.
The large Canadian surplus is being
rapidly reduced and the commercial
stocks in the United States are also
decreasing from one to two million
bushels each week.
Dry Weather i'm Sections.
While the weather has become
rather dry in western Kansas and
Nebraska, no serious deterioration to
date has been reported. Prices for
the better milling grades of spring
wheat advanced / cent to cents dur
ing the week, but durum prices de-
cIined slightly because of a dull de-
mand Hard winter wheat mills were
more active buyers and were report
ed to be accommodating sufficient
stocks to meet their needs until new
wheat was suitable for milling pur-
poses.
Receipts of corn We're only moderate
at the various markets. There was a
Very active demand in most of the
markets east of the Mississippi River
but the demand was slightly less active
in the markets west of the river because
of prospects of increased receipts from
country points as farmers have about
completed their spring planting. Texas
and other states in the cotton belt were
rather active buyers at Kansas City,
ceipts were well absorbed.
Corn Planting Delayed.
Wet soil in most of the eastern part
of the corn belt delayed planting and
prevented good seed termination. Corn
was coming up slowly in most of the
central corn belt because of the cool
weather. Prices were generally to 3
cents higher than at the close of the
previous week, but the demand In most
markets was only of limited volume and
lower prices would probably result with
any material increase in the movement.
The oats market continued steady at
about unchanged prices. The receipts
continued of only moderate volume and
were readily absorbed by the current
demand. New oats were being offered
ut Wichita for July shipment at 43 to
10 cents per bushel. The southern de-
mand, especially from Texas. showed
n material decrease because of the
rather free offerings of new oats for
July shipment in that state.
Rye Market Firmer.
The rye market was slightly firmer
during the current week. There was
fair export demand and sales OF about
400, 900 bushels were reported. Mining
demand was also fair and No. 1 and No.
. rye sold to 3 cents higher than at
the close of the previous week.
Lighter receipts caused firmer tone
I'm the barley market and the recent de-
cline was not only checked but ad-
vances of to 8 cents per bushel were
reported at the principal markets.
There was a fairly active demand which
was sufficient to clean up all offerings
I'm the trading each day.
The flax market continued rather
weak and future prices made further
declines. May fax at Minneapolis was
down 51a cents for the week and closed
at s2391a. The demand from crushers
was rather limited, as they were TAX
ing only sufficient for their current