The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1928-10-24
GRAIN
LIVESTOCK
WHEAT DROPS
THEN RALLIES
Despite Optimistic India and
Argentine Reports Values
Trend Up

sOHiCS4OS OCts GAs-W - will
prices took 4 decided downward
swing in the late dealings today,
and pulled wheat along. Increased
country offerings Of corn for nearby
shipment to terminal markets were
much in evidence, and there was alsd
more attention given to favorable
weather for husking and for other
wise facilitating the movement Of
new corn. Announcement of 1,000,-
600 bushels Of wheat from North
America bought today for export
failed to sustain wheat at the last
in the face of corn weakness.
Corn closed unsettled nc to 1c
net lower December sou to sos,
March 82% to 82x, May 85h@A
to 85A). Wheat closed &c to 1c
down December 1.12N to 1.13,
March 1.18 to 1.18h). Oats closed
h@Ac to A@%c off December
43, March 43N to "A, May 44N).
Provisions were unchanged to q
rise Of 45c.
Speculative traders Became ut
times active buyers today of future
deliveries Of wheat when the fact
became apparent that selling pres
sure here was failing to follow de-
clines at Liverpool. Much of the buy
ing in Chicago appeared to be on the
part of previous sellers who were
in position to collect profit. Talk
Of unexpected bullish crop develop
ments in Canada were likewise q
strengthening factor.
Dispatches from Winnipeg today
contained assertions that the Sas-
katchewan official crop report would
show only 277,OOO,OO0 bushels yield
Of wheat this season, and that the
official report on November 10 for
the wheat crop of Canada as q whole
would be under 10000, 900 bushels.
The latest previous government re-
port for Saskatchewan put the wheat
crop for that provence at S01, O00,-
600 bushels.
Corn showed heavy undertone
and broke more than 1-2c from the
days early high, with stop loss or
ders caught on the way down. Oats
were unsettled and acted in SYM
pathy with corn.
Short covering, partly on foreign
account was responsible for a sharp
upturn in lard, but the market react
ed quickly when buying let up.
Minneapolis, Mimi, Oct. 24.-(P)
futures gave easy cables a
cold shoulder early today, continu-
ing yesterdays rally; but on one
half cent advance pressure increased
and the market had midday set
back which carried prices * to "
cent below last close.
Oats were slow and firm, pit trade
without feature. Barley futures
were draggy in spite of a firmer
cash market. Rye futures firmed "
cent with wheat and had mid session
relapse. Flax seed futures were
slow and draggy.
Cash wheat offerings were some
what larger and the market tone
was mixed, but most Of the spring
wheat sales here at an unchanged
basis. Firmness prevailed between
Is and Ia protein, while some Of the
ordinary and lower grades were
quiet and easy.
Winter wheat offerings were light
and demand was fair.
Durum Of milling quality was
scarce and wanted; ordinary to poor
was draggy.
Corn offerings continued light
and largely applied on to arrive con-
tracts.
Oats were in light supply and de-
mand was fair.
Rye was in fair demand for mill
ing quality, slow for ordinary.
Barley offerings were moderate
and demand was fair to good with
price firm to cent higher at 81 to
50 cents.
Flaxseed was firm for medium to
choice quality, quiet to slow for or
binary to poor.