Evening star., 1924-04-20
GRAIN PRICES SHOW
UPWARD TENDENCY
-arkets Past Week Strengthened
by Light Receipts. Is View
Expressed.
sEST GRADES WHEAT SOUGHT
of Agriculture Bureau
Reviews Conditions.

The review or grain markets for
he PAST week 10y the Department of
>.,llculture, hurcau OF economies, dis
!cses that light receipts in al lines
-:renEthened the market materially
Turing the week ending April l9.
Future prices at the close Of the
market on Thursday were 1cl 12c
ighcr, but reflected the strength in
he cash market rather than any
hanged condition in the genera
market situation. Receipts Of whe.t
practically all markets were very
light, and all the desirable mil.'rg
;rades sold at slightly Increased
DremiumS over prices prevailing Al
the close of the previous week. The
'est grades of dark northern spring
wheat and of high protein winter
wheat were especially wanted. The
Milling demand, however, vas only OF
limited volume rs the flour trade con-
:;nreS dull. With TO immediate pros
ects Of Improvement mills were buy
7g only sufficient wheat for their
Immediate needs.
Latest reports indicate continued
coI can wheat areas. Stocks in COM
2Ating exporting countries continue
large.
Canada Estimates.
Estimates OF the Canadian visible
supply on April show stocks IN that
ountry 10 he about g. 900. 600 bushels
'arger than at the corresponding time
last year. While United states stocks
~, H. l.
corresponding lime last year the
visible supply is larger. and with
rho excellent prospects in the hard
winter wheat areas il is difficult 10
find any grounds for expecting any
material advance N the market prlce
level
Very little United States wheat is
being exported and practically all
sales reported are of Canadian grain.
some eXporl bios lave been received
or wheat fer shipment by way of
ne gulf, but these have been below
; working basis.
Corn Receipts Limited
Receipts of corn at the principal
markets were scarcely equal to the
current demand and prices were ad-
Lanced l cent to cents per bushel
Farm work and also bad road
conditions restricted the movement
The demand was largely from ship
perS and local industries and while
fairly active would probably not
absorb any material increase in re-
ceipts except at lower prices Prices
at several OF the markets reached
the highest level since early in the
year. The surplus TO he marketed
however. is probably larger than the
amount at the corresponding time
last year.
The oats market was firm with
other grains. Receipts were light
and there was sufficient demand to
absorb all offerings readily at slightly
;irmer prices. Seeding is about COM
pleted and reports indicate that the
oppressed intention to plant increased
acreage has been carried out In the
red winter wheat areas considerable
Of the abandoned wheat acreage has
lnercial channels continue materially
below the amount at the correspond
ing time last year.
Rye Practically Unchanged.
The rye market was practically un-
CHANGED during the week. May rye
closed on Thursday at Minnea polls at
5s cents. There was fair export
demand. Sales of 30O. 900 bushels to
Norway were reported by eastern eS-
porterS. Receipts at the markets
we're light and demand was only
fairly active.
The barley market continued strong
throughout the week and there was
an active mailing demand at both
Minneapolis and Milwaukee. New
high Srice levels We're reached at the
latter market, where best grades
were quoted at around 9S cents per
bushel. May barley at Minneapolis
closed on Thursday ct 70A cents.
The fax future market at Mime
apolis advanced 32i cents during the
early part of the week. but spot prices
showed very little change. No. seed
sold during the week at S2.45 to $3.50.