Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-04-13
GRAIN MARKET DULL
II CASH PRICES FIRM
Department of Agriculture Sum-
msry of Conditions Prevailing
the Past Week.
WHEAT FUTURES UNCHANGED
Oats, Rye and Corn and Other
Products Noted.

Tho grain market situation con-
TInued dull during the week ending
April 10, states the United States
weekly grain market review, but
cash prices were held fairly firm by
light receipts.
Wheat future prices in all the
markets closed the week on Friday
practically unchanged from those of
The previous week. The government
report, which showed the condition
IF winter wheat to be about So per
lent of normal, apparently had hut
little effect upon the market, as it
was about what was expected by the
trade. This condition would indicate
a crop of a little less than $50, 900, 900
bushels, assuming that the average
abandonment occurs this year and
that the average weather conultlunS
prevail until harvest. The condition
in the hard winter wheat states was
reported as especially good, Whlie
he condition in the soft red winter
wheat territory indicated considerable
damage. Conditions in the spring
wheat states are said to be the pee |
in several years, and spring wheat
seeding is going forward rapidly.
Wheat Above Export Basis.
cash prices were well maintained,
Tut there was no indication that the
increased tariff was being reflected
IN the cash market prices. Wheat
prices in the United States are stun
above an export basis, and exports.
except from the Paclflc coast, were Oh
very small volume.
Premiums on dark northern spring
wheat were advanced lie to &c during
1he week. and the high protein grades
were very firm in the hard white
cd MI n wheat
prices were practically unchanged,
and demand was rather limited
Country movement continues llght,
and commercial stocks are being
slowly reduced.
While corn receipts were not large
The demand was only moderate.
offerings were fairly we'll absorbed
in most markets, but there was 4
weaker tone in the market and prices
declined slightly at some of the mar
IetS At others, however, prices ad-
yanced slightly because OF more
active inquiry for the light receipts.
Feeders were buying corn rather
sparingly. and the shipping demand
was not large. No material increase
in the movement is expected until
q fter farmers have completed their
Spriug work. Stocks in commercial
,,hannels are not large, but more com
petition in the foreign markets is eS-
pected as the Argentine shipments
tihueS OF fair volume, and corn
products industries are taking good
amounts.
Oats Market Steady.
The oats market continued steady.
There was a good demand for good
grades of oats at practically all
markets. Stocks at Minneapolis We're
reduced 4S0, 1000 bushels, and stocks In
all the markets are materially oeio"
those at the corresponding time last
wear Seeding is about completed IN
the central west after consideraple
delay by wet and cold weather.
Rye continued inactive. Prices were
about unchanged from those of the
previous week Receipts were light
Industries and shippers were active
buyers at Milwaukee, but the demand
was less active at Minneapolis.
The best grades of mailing barley
were in good demand both at Min
neapolis and Milwaukee, and choice
Wisconsin grain sold at the highest
price on the crop at the latter market
during the week.
Flax seed prices at Minneapolis lost
part of the advance of the previous
week, the May future closing on FRIDAY
at $40 The receipts were very llgnt'
and spot seed sold 1c to &c over the
May future price at that market.