The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1928-08-17
GRAIN
LIVESTOCK
WHEAT PRICES
TURN UPWARD
Unlocked for Liverpool Veal
ness Causes Initial Mar
ket Rise

OUSoSO, aug. IA N0is0uA-
an unofficial cron estimates putting
the prairie provinces yield 1t $751;
10000 to 554,O00,O00 bushels led to
late recessions in wheat values to-
day. The Canadian government re.
port will be given out tomorrow, but
previous official reports have been
largely comment, and have received
little attention. Export demand for
wheat today was slow, and advances
which at times took place in future
deliveries prices were difficult to
maintain.
Wheat closed irregular, Nc net
lower to We advance, corn 1c off
to Mc up, oats NC to sc down, and
provisions varying from Sc to &c
setback to . rise Of Soc.
Special attention was given by
many wheat traders today to state
ment from the president Of one Of
the largest grain companies in Chi.
caRo that the difference in world
supplies Of wheat this year and last
Is not 50 great a. to justify any ma
tcrial price change from last years
average level. He attacked ideas
that there is . tremendous world
crop, and that wheat should seek an
extremely low level.
Friends Of higher prices for wheat
pointed out that Chicago quotations
today were -25c to 29c q bushel lower
than Z year ago. It was asserted in
this connection that wheat has
reached 4 level 1t which it would be
reckless to press the selling side in
hope Of any very material profit.
September corn acted rather tight,
and while lower early, rallied to
above yesterdays finish on short
coverings and support from local
bulls. The cash situation was a fac
tor, and leading holders were re-
ported a. saying they had sold all
the cash grain they cared to at last
nights level. The spot corn trading
basis was Nc or more better, as
compared with futures. Deferred
deliveries were easier on account Of
highly beneficial rains over parts Of
Nebraska, Iowa, Kansas, Missouri,
and Illinois, with further showers
forecast. September and December
oats sold at q new low on the crop.
Hedging pressure and scattered
liquidation were = feature.
Provisions acted easier, with the
hog market 10c to 25c off.
Minneapolis, MIMI, Aug. 17.-H
Wheat was nervous and flighty
today after IN early dip on disap-
pointing cables and Winnipeg ease.
Chicago had . stubborn undertone,
rallying quickly from dips. Close
was a shade to y cent lower in Min
neApolis.
Oats were slow and draggy under
hedging pressure. September rye
ruled firm and quiet in sympathy
with outside markets. Barley fu-
lures declined under hedging sales
but met buying support against ex-
port sales. September flaxseed
dipped IN cents.
Cash wheat offerings were larger
and the market was rather soft in
spots but choice springs sold we'll
with premiums steady to firm. Low
protein showing considerable yellow
belly ruled = bit easier. Winter
wheat No. trades IL protein held
It I at s cents over, Is protein IL at
II over, and Il protein Is to 81 cents
over.
Durum was in fair to good de-
mand, choice milling wanted.
Flour trade was fair to good and
shipping directions were fair.
Corn offerings were light and
choice yellow was in brisk demand.
Oats were firm early and dragsy
late. Offerings were larger.
Rye was steady. Demand for
good milling quality was good.
Barley offerings were larger but
demand was good. Price range was
50 It IS cents.
Flaxseed offerings were larger
with arrivals mostly new crop flax.