Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-22
PRICES FOR WHEAT
HAVE SHOWN GAINS
Grain Market Appears In
Stronger Position After
Recent Advances.
BY FRANK !. WELLER,
Associated Press Farm Editor.

Although the steadtness apparent IN
domestic wheat markets eased of ct
the close of the last trading period. II
is notable that 1t was not until after
various tops had been scored.
Kansas City made one sale Of No.
dark hard with protein content 81 1880
per cent at 62la cents. the highest cash
price on the crop. High protein wheat
advanced to so cents at Omaha, the
highest prince since mid-July.
September wheat sold at 20 cents at
Minneapolis, which was a new high for
the year. May wheat also went into
new high ground.
There seemed to have been q change
in the whole atmosphere surrounding
the wheat market. 1t being quite q feat
to establish new highs for the year in
any market right now Some said the
early strength here and abroad tndi-
Gated wheat may have finished Its
complete dedation.
Wheat Quality Low.
Buying power has been reluctant to
follow advances, however, despite ac-
scale-down reflected weakness in the
securities market, dull export inquiry
and continued liberal offerings in world
markets. Stocks In Liverpool are said
to be three times larger than a year
ago and the quantities on passage to
Europe 100000 600 bushels larger.
The blow TO the United States Is
that while world exports since July l
have been 1000, 900 bushels larger than
a year ago. the North American con-
tribution has been about 100000
bushels less.
There may be some small consolation
In reports that European yields are dis
appointing and that the general quail
ity of all foreign wheat is low, leaving
the United States and Canada with the
worlds sole supply Of the inner grain
needed for milling mixtures abroad.
1t is reported that Argentine arrivals
In the United Kingdom are not contract
grades and are being rejected. There
are reports of locust damage In Argen-
tina.
Russia is supplying the market fea-
ture After shipping for the season to
date more than one-third OF her total
1880 exports. the Soviet Union was re-
ported in the trade to have withdrawn
offerings Of Spring wheat. State COLI
ection of grain during the first I'VE days
Of September was said to have decreased
sharply. Crop damage In sections OUT
side the Ukraine were confirmed.
Italian advices quote an authority that
surplus supplies on world markets are
disappearing gradually under the in
fiuence. of low prices. Oriental dis
patches say China must buy more wheat
IN the American market to feed the des-
titute and fix the figure at 100000
tons.
There is said to be possibility Eng
land may have a protective tariff by
Spring, In which case wheat values
MIGHT advance equal to the amount of
duty. That and the fact that May
wheat, freight and expenses considered,
is valued at less than 81 cents makes
the grain appear about the cheapest
wheat in the world in point Of merit.
Feeding Of Wheat.
Private sources say that unless there
is rain over Colorado. Kansas, Nebraska
and Oklahoma before September rs the
decrease in Winter wheat acreage may
be more than the IL per cent estt-
mated by the Government. Dodge
City, Kans., miller is widely quoted TO
the effect that the ground has been too
dry to work and that wheat there VIII
be sown on the poorest prepared sou In
many years.
The feeding of wheat on farms, which
did not become general until october
last year, has continued without inter-
ruption this season and promises to be
heavy as long as prices are considered
low. Fully half Of the Missouri crop Is
expected to be fed.
Corn markets were steady to hrmer,
Influenced by reports of more deteriora-
ton and fairly active demand for cur
rent offerings. Losses in condition m
the last month were largest in Iowa,
Nebraska and South Dakota, while there
were increases in Ohio. Indiana, Illinois
and Texas. The latter promises H.
600 900 bushels, the largest corn crop
it ever has raised.