The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-04-20

lOpg" Firm WIN
" -, bv the United States
Confirmation ,UG;ricuIture in its April
p'garsnen.' Of Of an an unusually poor con !
l D report ; Of -, wheat, together with
5 54or Of Wlh'5ff irmpr worlds market
=. he gsneI;a ar bread grains forced , 40
a.astion.. Mot lo5 prices to the highest
me.tic Wnsa' saason during the week
gint Of the, the sg II. according to the the
aiding A Iain market review of the
weekly gram Of Agricultural econom-
is Inc ;rffifnenced by the poor show
5arp!.s,' u, n'- crop the advance IN wheat
re Of the .; DLgr active demand. Corn
nj coA' msye also finn and prices
I'd o'' .1lirbtlv upward. The barley y
tloed .-.-'' .tpadv but not materially
rs'Ss' va The lax market was dull
,l.I-,s. rr:ces showed some advance
5E.as . .r- Of winter wheat April
Iae Cg.:r- 70 the department, was
J. sc1t I,. law and was estimated at
GUSTAV: rormqi. Only twice, in 1917
90. ,oS y has the April 1 figure been
.-4 NJ .;rr % the beginning Of the de
50 os .r ,-; record in 1879. In the
la..a. ..i-+ar wheat area conditions
,aia rr9 , about average but in
r'!5 ala : valley states, where most of
,-' 0,l f ,fi winter wheat is grown,
.1s . ,y-, was the lowest reported
u. , ,nriI since the departments rec
.lI h bagan.. Conditions in Ohio, Indi-
GU U md illinois were 50, 80 and 81
all . ont Of normal respectively. While
t tsmDeratures and snow storms in
~. .,.,'nted seeding operations in the
@ .,;1g wheat area, the condition of
..,, r,S9r,bwest is considered quite sat
.hctory with the season still a week
L .,+sr DAYS earlier than last year. The
.,,iition of winter wheat in the prin-
:aia European countries is also Te-
as TO be not quite so favorable as
r. '' season at this time. The winter
assst crop in Germany at the first of
l1rl was $40 of the average for
n preceding ten years. This is the
%rp,t condition report as Of April l
s,cp 1922. In northwestern Europe
,rJ also in France considerable winter
Filing has taken place, according to
unofficial reports.
While the principal foreign markets
ia not follow the full advance of the
5omestic wheat markets, the WORLD
market situation continued firm. The
1928 wheat crop in the Punjab which
DrOduceS more than one-third of the
Indian crop, is now estimated at about
r9568,0OO bushels or about 4,500,00C
bushels below last years harvest in
that area. Prices of native wheats in
European markets advanced &c to 81
and May wheat at Liverpool advanced
about &c and aBuenos Aries about
Tic per bushel. Foreign wheats were
quoted slightly higher at Liverpool
No. 3 Manitoba for June shipment be.
ing quoted at $1.62; GO pound Rosa Fl
10 arrive at S1.50% and Australian
wheat for June shipment at $1.631!
per buShel.
WHEAT: Prices of cash wheat il
United States markets were also ad
yanced sharply with soft winter whea
prices quoted as much as 10c highe
than a week ago at some of the mar
ketS Of the central west.
Stocks Of soft winter wheat are re
ported to be practically exhausted a
Chicago, st. Louis and other sof
vter pheat markets. Farm and ele
vatOT stocks are also small and tn
avtarce in prices failed to material,
increase offerings or receipts. At 81
Louis No. 2 red was quoted at $40
to Sl92 and mills were reported turn
Eg to low protein hard wheat fror
The tac northwest where soft winte
wheat was quoted at $1.45 to Sis
per bushel. No. 2 red winter wa
quoted at Cincinnati at $1.90 to S1.91
Toledo S1S7 to $1.88 and Chicag
EOminally at S1.S9.
Hard winter wheat prices advance
ec to DC but local demand in the val
NuS markets were not urgent. Gro
conditions were reported as mostl
satisfactory in the hard winter are
with the exception of some damaq
nom dust storms in western Nebra.
@' The supply of high protein We
united and premiums held firm. No.
u,'d winter l2iaES protein was quo
q at the close of the week at Kans;
NY at Sl.57-$16312 per bushel,
s ,og loc to PIC over the May pric
l9l' protein sold at zoe to 26c ovr
NE May. No. 2 hard winter 1919
IO'em sold at Omaha at S1.62. TT
y1ef grades were readily taken
geya'or interests. No export sal
were reported as domestic prices a
ABOVE an export basis.
accepts Of spring wherat we
ralaief than usual at the princir
MARKETS MARKETS and large percentage w
VI low grade red spring durum. Pl
NUNS Tor good quality high prote
@ Srea' advanced with No. l Dark M
tr ,'la quoted at Minneapolis at TIVE
% Hrg to 81 cents over the M
r foiJ Tor 1870 protein wheat. Ia
"E at 1852 cents over the Minnes
t fun May, which advanced 8 3-8c
I 4[ week re and closed April 10 at ST.
vSo.. Inc weeks advance in domes
tro ea. prices widened the spread
w jsea 'he United States and Canadi
o "uya'; No: northern Manitoba v
5S 'eu at Winnipeg April 13 at 81.
best a. ~ companred with quotations
De, r aT'S OF No. l hard spring at M
wbap0. at Sl.91 to ,...1.96 1-8. Dur
Nav Nav. u advanced about &c, the Dull
b brIy closing 10 April 10 at $1.S7 rs. !
wpr n 81 81 the receipts at Minneap1
the NJ ~ 10" quality and sold at arol
TEN Any sns,p price to &c under. High 2
Of "a 1t ~ sr durum brought premiu
No y . 70 70 cents over the Nav Or
at 6r Glaper selling as high as $f.5
$i4Su ~ :, and No. 3 was quoted
ou ,ro 70 $3.50: No. 4 red durum ,
'' Paoi..a at S1.38 1-S in that marke
quiet 'iiS coast markets were raj
Of tSo IMPORTERS Expo were practically
eastern T market market at Portland as sol