The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-11-07
Tribune's Grain, Livestock and
Market Report for Mon., Nou. z
WHEAT PRICES RISE
!. FOR Third STRAIGHT
SESSION AT CHICAGO
Sharp Boost in Wheat Values
At Winnipeg Responsible
For Encouragement

chicago, NOV. 1.-tP)-FOr the third
day in succession, wheat prices here
advanced Monday, the first time this
has taken place since Sept. S.
A sharp rise in wheat values at
Winnipeg was largely responsible. al
though the Winnipeg bulge was at
ributed to a break In Canadian ex-
change rates. Top quotations on
wheat in Chicago showed a maximum
Jump Of cents a buShel above
Thursdays record low.
A reaction Of about cent buShel
took place in the late dealings. and
wheat closed unsettled LIS above
Saturdays. finish. Dec. ASS "a. May
49A-7s corn A-ls up. Dec. 257s -26,
May 30ss-s4, oats A-h advanced, anc
provisions varying from 2 cents de-
cline to IS cents gain.
Crop damage reports from some
districts of Cordoba province. Argen-
tina, were factor in the wheat mar
ket advance, which soon carried
prices here about 3 cents a bushel
above the recent low point. Mean
while. experimenting crop damage
news was word of abnOrmally hot
weather prevalent over north Argen-
tina but with frost forecast for t.
night. There were also advices that
Australian wheat acreage estimate.
had been reduced to a material ex-
tent. and that Gerrany's wheat cror
would be 100000 bushels under the
latest official figures.
Giving further stimulus to broad
ened buying of wheat was announce
ment that October this season hac
been the driest October which Kansas
has experienced In II years. making
the fourth consecutive month of ex-
cessive dearth Of moisture. This an
nouncement was interpreted as en-
phasizing an unfavorable start for
the new winter wheat crop in Kansas
and other important states southwest
and west. Considerable notice was
likewise taken Of wintry weather In
Canada and of the fact that today's
arrivals of wheat at Winnipeg totaled
but 500 cars, against 2,l47 a year ago
Corn and oats assembled with wheat
corn touching the topmost point since
Oct. q.
Provisions responded to firmness OF
hog values.
Minneapolis, Nov.s 7.-tPl-Wheat
futures started strong and showed
ability to rise sharply above the OPP
ening figures Monday. There was
more general bullishness in the news
and lack Of bearishness to offset.
The decrease in domestic visible
supplies and rumors of good export
! business helped the situation.
Cash wheat markets generally were
firm and flour sales heavier.
Coarse grains followed the lead OF
wheat and closed strong. There was
strong interest displayed at flax at the
start. Offerings were very light. Cash
interests were after oats and barley
and the country bought up rye fu.
lures.
December and May oats finished
sc higher, December rye closed 11se
higher. and May &c higher. Deem
Der barley closed sc higher and May
&c higher. December and May flax
finished lac higher.
Cash wheat was in ready demand
Durum wheat of choice mill quality
was very scarce and In good demand
Corn demand was good and most of
the receipts are being applied or
previous trades made on the arrive
basis.
Oats was in steady general demand.
Rye demand was good again from mill
and elevator buyers.
Barley Of the best mailing types
was higher and in good demand. Flax
offerings were limited and diversion
point demand very good.