The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-04-26

MORE HIT SEASONS
Low PRICE RECORD
Reported Federal Farm Board
and Canadian Pool in Race
to Dispose Of Crops

Chicago, April. 26.-(APl-Wheat
scored sudden price upturns n tne
last today owing q good 2 to it.ti-
mations that big business was anaer
United States hard winter wheat was
reported us being offered At prices
below either Argentine or
wheat, with Chicago May quotations
about 2c.a hushel under the same 1 ne
late dealings, May wheat In Chicago
appeared to be getting support from
farm board allies.
Wheat closed unsettled u III same
2: ye.t e q : , fin, ,S.st 70 ! Ms se nish soi
~; Dec. ifaN.113).
$50; July s1N-ss; Sept. sa-h; Dec.
oats MIC off. and provisions un-
changed to a setback Of &c. i
Corn was heavy with pit spectators
good sellers on prospects-0f-a larger
movement or corn to market IN the
immediste future; Oats went i ssG.
Weather conditions were favorable
L~iSuidation sales of May lard and
had q depressing effect on provisions
despite firmness OF hog market.
west, where wheat crops have been
suffering from drought, were largely
responsible. Opening unchanged to 70
cent off. wheat afterward rallied a
little. but then dropped again. Corn
oats and provisions gave way also,
with corn starting H-hc-+uwer' n
subsequently continuing to sag. i.
Adding 10 bearish consequences OF
moisture rehef for whea territory
which has been dry were reports To-
the Canadian pool arc in a race TO
dispose OF wheat holdings. .
Advices current were to the cliect
hat tho farm board Is letting go ct
Canadian offerings. Or the resulting
downward sweep of values here. buy
ing was largely confined to previous
sellers who were collecting profits.s
Weakness Of Liverpool wheat values e.
sellers in Chicago. Dispatches from
LIVERPOOL. said India is now offering
new wheat for May-June shipment at
$1.c0M q bushel delivered IN England,
and that midas wheat yield this sea-
ments. besides allowing exports. There
were also assertions that lightness Of
world shipments Of wheat - being
construed at Liverpool as evidence OF
lack OF demand.
In the corr market, trades took
their cue from wheat price .setbacks.
Arrivals of corn In Chicago today
were c6S cars. against 221~.carA "A week
g and 20 cars at this lime last year.
- r~>.
MINNEAPOLIS WHEAT Z.
FUTURES BOTH Up, DOWN
Minneapolis. Mimi. April 26.-{AP)
Wheat futures sagged today under
pressure due to reports of rain chief
Is.
However, support became apparent
early in the session and before the
close short covering rallied prices
sharply. May closed Ac lower, July
unchanged to lac lower and Septem-
Der Il to Ac higher.
Corn futures slipped lower easily
Oats were dull md featureless. Rye
was unchanged. Barley shorts con-
tinued to cover below fifty cents for
May. Flax trade was dull agatn-wh}a
scattered country selling and some
Cash wheat tone was strong and
demand was very good for the heav-
Ter quality. Receipts were light,
prices were up at least a cent and In
places &c where weight was a con-
s~ideration. Diversion point bids wefc
strong. -
Cash corn demand was sharp and
fcne strong. compared VITA 1gfureE
Oats offerings were more liberal :0yN
demand was fair to good. Rye was
steady Blu tho quite as snappy.. Bar
ley offerings were considerably heav-
Ter and bids were off n to 1c. Flax
offerings were fair and in fair de-
nands