The Bismarck tribune., 1929-03-27
What Will Be Paid Later on for
Grain Depends on Canada
and World Crop
MEAT DEMAND is DROPPING
Decrease Of IL Pounds per
Capita Affects Markets;
Wool Prospect Steady

tGoTU8Ty SIlOWCu S1IeAAe A"P1 w
over that OF January, as q result OF
the unusual activity In the autOmo-
bile and iron and steel industries Car
loadings, particularly OF coal and ore.
also increased. Retail trade was vir-
tually at the same level as a year ago.
An Improvement during the past
few weeks In the average Ct wholesale
brices Of farm products and OF metals
has raised slightly the general level
Of commodity prices. The index OF
farm prices was 1856 In February. COM
pared with 1873 for January and l35
for February Is. 1928. A general av-
crage for March and April Is expected
10 be maintained at its present level
or somewhat higher.
Wheat
6 Prices for spring wheat are likely
"a continue near present levels and.
iE conditions In Canada appear to be
Quite uniavorablc for the new crop,
utices may further rise at the end OF
the season unless there Is heavy
abandonment In the winter wheat
area. OF course the prices will depend
very largely on the prospects OF the
1929 world crop. Prospects for spring
seeding will soon begin to be an i'm
r6rtant factor In the situation.
NWheat stocks In country mills and
elevators, March /, in United States
showed an increase Of about 5000, 1000
bushels over q year ago. In North
Dakota there were l7.472.000 bushels
n the country mills and elevators,
March l as. compared with 1881 900
UpShels q year ago. Wheat prices Tor
Gne remainder OF the season will
1)octuatc considerably with reports OF
Shring seeding and growing condi-
tons. The opening Of navigation on
tne lakes, which in recent years has
occurred between April II and May 4
my have some temporary influence
thon wheat prices.
Flax
NO important change has been re-
rArted for flaxseed production since
November. Production In IA countries
sllar, reported for 1928 is 53.lsS oot
boahels or 1855 900 bushels below tn
le27 production OF 60.753.000 bushels
for the same countries.
The acreage shown for the l92
y season for Argentina was q rccors
one and conditions have been favor
able. so 1t Is quite possible that suf
ficient increase may be reported TO
this country to balance the decreas'
In the northern hemisphere and !
may be sufficient to raise world pro
dnetion well above that Of 1927. Flax
seed prices In North Dakota increased
during February. but since March
the price has declined. The estimatc'
average price by producers in Nortl
Dakota March Is. for flax was ap
pgoximately sails per bushel.
Feed Grains
The supply Of feed grains In Unite
0eates. including corn. oats and oarle
is materially larger than year agt
although considerably more oats an
barley have been fed this season. an
cxports Of corn and barley have bee
well above those for the correspond
ing period last year. For the next tw
uDonths prices may be expected to /
udnintained at about the present lie,
III. The average price received b
producers In North Dakota for barle
March IS. was 10 cents. bushel: II
average price Of oats on the san
doke was estimated at 81 cents
bel1hel.
present indications are that II
oloply Of grain finished cattle WI
cGntinue larger than last year unit
June. but that the supply Of 9TH
i e1nnghter cattle will continue smalle