The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-10-18
PRICE OF WHEAT
IS FIRM DESPITE
HEAVY PRESSURE
Prices Finish Firm Despite Late
Dip; Eastern Houses
Lead Selling

Chicago. Oct. 1s.-(AP)-Stubborn
resistance to selling pressure showed
itself in the grain markets late to-
day. and prices finished firm despite
a late transient dip. Late selling of
connections east. Fresh reports that
Russia was offering wheat abroad at
lower prices failed to have any APP
parent market influence but interest
Hoover was in conference today with
a large American wheat grower who
has Just returned from Russia.
Wheat closed firm. Mic a bushei
old 77k.%. Dec. new 77%-7s. Corn
I'M. Dec. new TIM.
Oats at. sc decline to. Hc advance
Upturns Of Chicago wheat prices
today were in the face of Liverpool
estimates that southern hemisphere
wheat crops promise an increase or
174.43s.oo0 bushels: compared with
last year. 1nasmuch. however, as the
crucial time for wheat growth this
season in Argentina and Australia
is yet to be gone through WITH. the
tentative figures on wheat pfoduc-
ton in those countries received only
transient notice here. Much more at
tention appeared to be given to re.
Tia lvyVVVsVVV uSiiC " ~
will be used rs feed in Minnesota.
Montana and North Dakota owing to
a difference OF. s2.23 in favor o fwheat
against corn for getting a hundred
Purchasing Of corr future deliv-
cries today was influenced not only
by wheat market strength but. also
by advices tending to cast doubt on
proved in September Illinois reports
at hand said some fields actually have
so per cent of barren stalks. There
were also persistent reports of test
such a dry season. and that yields
show an unusual percentage of nub-
bins. Oats price changes were mar
row. -.
of any sustained new buying. Pri-
mary arrivals of corn today were
larger than a week ago, and the same
relation was shown for this week as
ceding. However. figures for a year
ago, were still larger than at preesnt
Receipts Of corn in. Chicago today
totaled $50 cars. against 1877 a week
and 100 at this time last year.
MINNEAPOLIS FUTURES
DULL AND FEATURELESs
Minneapolis. Oct. 1S.-(AP)-Wheat
f~eatureless close here. today. with
trade light during the latter part OF
the session.. Scattered short-cover.
ing brought a slight rally before tn
end; DECEMBER closed N to u high
Corn futures opened X lower fol
December and y to "a cents owe
for May. A good rally developed but
Oats opened steady and acted slightly
firmer in a half-cent range. Rye
started strong but settled back again
Barley started a bit stronger AM
1861 h,,k call hooG IN fhe
previous closing level. Flax start,
ed pa cent lower for October. ~
for December and l cent lower Ioi
May. There was scattered pressure
After the first hour cash wheat De
mand flattened and most of the Of
ferings left sold l cent over com
pared with futures. Only the hsav.
flow of protein quality held 1irm
ter wheat in to make a market ane
prices were the same.
Cash corn demand was sluggish am
prices were down. oats demand wa wa
Barley of mailing quality was II
good demand and firm to strong. Fla
demand was Just a little slower.
s. sT. PAUL LIVESTOCK REVIEW
South st. Paul, Oct. 1S.-(AP-u.S.D
A.)-For the week steers, yearling.
and feeders n stockers ruled most!
she-stock and bulls closed Is to 81
cents higher, with vealers Target,
steady. The general hog marke
closed steady to 25 cents higher. pig:
steady, while lambs ruled mostly z;
Top cariot of medium weight ant
light steers sold at $l1.50 and 1l.6O
respectively, d lots more desirabl.
light steers and yearlings up to SLIP
while a few loads of short-feds solo
from So to $1,000. Best Montana grass,
ers sold at 1925, with bulk at Sc to IS
palmer natives cashing down to $5.5t
and below. Most grass cows clear
at s4.25 to Sc, best $3.50 to 81, will
heifers largely IS to 81, best $3.50 t.
So, with low cutters n cutters a
So to 81, while bulls closed at $4.5'
s9 s.: :i,Si 70 1 sis. good and choice vealsr'
$3.50 was in effect for 1SO- to 210.
pound weights, although a practica
top OF $40 prevailed late Friday
Most Of the light lights brought ss.25
largely 1925 to $40, these Interests
buying sows at $7.75 to $S.75 mostly
Bulk of the w and wether lamb!
closed at $7:75, buck lambs so
ewes mainly 81 to 1915.
featured in the feeder n stockel
market was largely lost at the close
During the week several meaty Mon
tana white-faced steers sold at $S.5'
to So, with bulk of sales at $3.50 to S.
while good and choice stock calves
cleared at 50 to $3.50. Stock pigs hell
steady with bulk at 50. Desirable
white-faced feeding lambs bulked a
Sc to 1925, choice black-faces beint
salable to $3.50 or better, while THU
native and Dakota eve and wsthel
feeders sold at SIS to $3.50.