Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-12-01
Is ON
STEADY INCREASE
LITTLE CHANGE BEPORTED IN DO
BgESTFC OR FOREIGN WHEAT
SUPPLY RECENTLY
Prom .. 8 Departmens q Asrirultural


From o. s. Departmens Of Agricultural
Baxeam II Ecom0mies
After declining from gune % Sep
fenber. Industrial production turned
upward IN October and November
Retail sales have made ab0u1 the US
uaf seasonal increase since August
Business activity Ia foreign eoHneFieS
has been steady Or declining slightly.
Little change has been reported IA do
nestle or foreign wheat supply pros
poets during past months.
The decline IN world wheat prices.
which began early IN August was
checked and some price gains occurred
during the first half of November The
extent to which the strengthening Of
prices can be maintained win depend
TO q considerable extent on the VOLUME
Of world shipments and especially Ar
gentine shipments during the next
few weeks. Market price movements
Of the past month indicate that the
Nov. I average farm price tax slightly
lower than that Of Oct. IS.
Slower wholesale demand for meats
through the Thanksgiving season offset
recent lighter marketings Of livestock,
Chicago prices were lower on most
classes and grades. Except for q few
loads Of strictly choice to prime steers
and yearlings, most OF these classes cold
fully IS cents lower at Chicago the third
week Of November. Declines were most
pronounced and general on steers SELL
ing downward from around So. Fat
lambs, in small receipt, held firm. Feed
ing lambs sold on a weak to IS cents
lower basis
The feed markets strengthened ma
teriaIly the third week Of November.
Prices Of most fees advanced sharply
at eastern and central western markets.
Bran advanced 81 to $3.50 per ton at
leading markets. Price of wheatfeeds
advanced about So per ton at Denver.
at Ogden, prices were only slightly
higher than the week before. Rains ia
that area improved ranges and pas
lures Linseed meal averaged aobut 81
per ton higher and cottonseed meal
so to rs cents higher at leading markets.
Soybean meal sold about 81 per ton
higher. Cron feeds advanced, influence
ed by sharply higher corn prices. Al
falfa meal held about unchanged.
Trading in recent weeks has been
more active on the finer western grown
woods. Average farm price has con-
tinued about cents below that of a
year ago. Some improvements in The
goods markets, combined with the
award Of large government contracts
for wool materials, has resulted In con-
siderable increase in mill activity.
Stocks Of domestic wool remaining from
she 1894 clip probably viii be sufficient
20 meet domestic requirements for
some time
The recent wave of warm weather IS
Infavorable for turkey shipments. and
( continued win result in many cars
arriving IN bad condition. Should this
happen, demand from eastern markets
or locally packed turkeys will be much
stronger. Quotations on dressed sur-
-eys at New York are holding around
s cents to ~ cents for fancy stock
rom the northwest and nearby eastern
tates Southwestern turkeys sell 1
ent to cents lower
November milk price paid by city
ealers show average advance Of cent
Ter 100 pounds above October average
nd "a cents above the price paid q
ear ago. Gains for the month were
mainly IN the Pacific and mountain re-
ions and the central southwest
Northern Colorado potato shipments
ave continued extremely light Trucks
re taking bulk OF present supplies at
rices 5 cents to 10 cents higher than
arlot shippers are willing to pay. Po-
ato prices paid to Idaho potato grow
rs have been firm at mostly SIS cents
) 81 cents bulk per 100 pounds for rus
cts. Farmers continue reluctant to sell
t prevailing prices.
rRS MccATIST.AN HEADS DRTvE