The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-08-26

"A Farm tflCeS
During the past month increases in
the price Of cotton, corn, hogs, cat
tie and eggs offset decreases in. the
price Of grain. hay, potatoes, lambs,
butter and chickens. Grains, lambs
and butter are likely to continue
weak while corn, hogs and cattle in
dictate strength.
Farm products, there fore. have .
purchasing poweD of about S6 cents
on the dollar. -
Business Conditions
Pig iron and steel production
dropped off; automobile production
is below that Of year ago, but
building activity and other engineer
ing projects have held up we'll.
Freight loadings during. the past
month were per cent below those
Wheat. z4 sf !
The general price level Of al prices
Of wheat will probably not 60 much |
vance after the heavy marketing sen
son is past.
All sprine wheat on the basis Of
August 1 indications would yield |
about l8O.OOO,OO0 bushels compared
to 122.0O0,OOO last year. Winter
wheat production is cons iderably be-
low that Of last year. On the basis
OF the present outlook, spring wheat
will be on an export basis.
Indications arc that durum wheat.
which represents AZ per cent of the
wheat acreage in North Dakota, will
oLt-yield spring wheat By about q
bushels per acre.
II the price of durum does not 60
more than 10 cents below the price
Of hard it will still be 4 more profit
able crop than hard spring IL the
yield is . bushels per acre greater.
The expected drop in the price OF
rye occurred and it seems probable
there will be little advance in the
price Of this product.
There will be about a 10000, 900
bushcl increase in II Of the impor-
tant European countries in 1921 and
the rye crop in the United States is
placed'sat 81 200, 900 bushels which
is nearly 81 per cent greater than .
year ago. f.ss
. The general level Of flax prices is
expected to remain at about the pres.
ent basis. The demand for Iinseed
oil has been as great or slightly
greater this year than last ycsf in
the United States. Our crop on Au.
gust was expected to be about T.
OOO,OOO bushels larger than a year
ago and about 5000, 900 bushels above
khc five year average. United States
imports approximately so per cent
Of the flax used in this country.
- Potatoes X
Prospects for prices Of potatoes
as good as those of, last ycsr are
very remote. If the. August l indi-
Gated yield Of 1T bushels per acre
is made. In the Upited States, there
will be crop Of unfortunately 4lf,-
100000 bushels. Last years crop
amountd to 368,OO0.O00 compared to
a. five-year average OF 394. OO00O
! bushels. :.
Beef Cattle
The general upward trend lof
| prices Of becf cattle which has bStn
| in evidence for the past three years
Liz. expected to continue Tor some time
| although q seasonal decline will
DOUBTLESS occur IN Che late fall.
Since 1920 steers have decreased SS
\ per; cent, coks and heifers 20 per
I cents, ald calves 22 per cent.
Market receipts of cattle and
| calves during the fall Of 1927 arc ex-
pected to be che smallest in the last
five years. With strong probabili-
ties for soft &ora and fairly high
prizes Tor Marketable corn and in
view Of nsesept prices7preminms for
i,Aeavy IL il, -~eAtonable to ex.
beet. that considerable numbers Of
short fed cattle will conc to market
during the late fall and winter.f The
margin between fed and. feeder cattle
is favorable for feeding. In July
heavy fed steers sold for more than
| $500 above comparable grades OF
feeders compared TO . $500 margin q
| year earlier.
While the prospects for the next
| several months are favorable Tor the
beef industry. the present feed and
price situation does not JUSTIFY any
considerable expansion N breeding
herds. Supplies going to market
about as on the present basis WI
without doubt be more profitable
than greater Quantities.
The present .:fise in hog prices
seems likely TO continue for the bet
ter grades at least through most Of
September. With small corn
! crop in sight, heavy marketings Of
,lirht Unfinished hogs may be ex-
pected in. the late fall and early win
ter and a seasonal price decline in
| November and December somewhat
larger than usual may result. Later
in the winter probably . seasonal
rise in price a little more than US
No. nrodnction about equal to
that Of the last two years seems to
promise the largest returns Tor the
combined corn and hog enterprise
from year to years adjustments
through the weight Of hogs marketed
rather than through the number OF
hogs raised would seem to De dc-
sirable.
Prices Of slaughter lambs this fall
and next spring are expected 90 ne
lower while winter prices are hkeIy
to be higher for the corresponding
periods Of last year. The 1925 lamp
crop which was indicated. to be ~
per cent larger. than in 1923 resuitea
! in five per cent increase IN tne
number Of lambs slaughtered and
| an average decline. Of three per cent
= RE outlook for the sheep industry
|; in this country. .suggests caption y
regard to further expansion OF pro
duction. The noTmal .:AAaeps cycls
covers from eight to nine years anu
since 1922 the number QffsRscF amp
lambs on farms and ranges has bscn
Increased Ct the rate Of more than