The people's voice. [volume] (Helena, Mont.) 1939-1969, 1943-04-16
LEGISLATIVE
ACTIVITIES
SLOW Market

Grain prices led by wheat sought
lower levels during the week ended
April 8, according to the Department
of Agriculture, as legislative develop
ments did not favor higher prices
Veto of the Bankhead bill and efforts
al lalong the line to curb the upward
trend of commodities made for less
incentive to buy Needed rains in the
southwest along with a slower cash
demand also tended to ease the wheat
market situation and prices were off
&c to sc for the week Seeding in
the spring wheat territory though
late was started during the past week
with southern counties in South Da-
kota reporting some progress. Rye
declined with wheat. Corn held firm
at ceiling prices since only a very
limited quantity came to market, but
oats and feed barley along with low
grade malts were in slower demand
and prices eased. Flax continued
strong in the futures but cash prices
were &c to &c lower.
WHEAT: The outlook for wheat
showed little change during the week
but with the advent of growing
weather considerable winter killing
was becoming more in evidence in
the Ohio Valley Some injury was
reported also in the West Central
Plains from high winds and drifting
soil. Recent rains have improved
crop prospects in Texas but more
moisture is needed in large areas.
The condition of winter wheat at the
first of April indicated a yield of
about 14.9 bushels per seeded acre
and crop of 55S,551, 900 bushels The
loss of acreage due to winter losses
and diversion is indicated at 10.4%
compared with 6.79c, Dec. 1, 1912.
Very little farm work has been ac-
complished in the spring wheat states
because of wet soil although there
has been some blowing in southern
portions of the belt and local seeding
in southern South Dakota. In a nor
NAL year the seeding of spring wheat
begins in extreme southern portions
Of the belt about March 20 and ex-
lends to northern sections by the mid
die of April.
CASH WHEAT: Much Stacker flour
trade along with slow shipping direc-
ions on previous orders made for a
poorer mill demand for cash wheat.
rhe trading basis on ordinary quail
les remained about unchanged but
premiums on wheat in the higher
protein brackets eased 1c to 1kc.
Receipts at Minneapolis though small
er than the week before continued
large with 1924 cars in at
and 859 at Duluth. Ordi-
larry protein No / dark northern
wheat was quoted at 1c to &c over
he Minneapolis May price, which de-
lined 35sc for the week and closed
friday, April 8, at $1.35H. Thirteen
,er cent protein brought no additional
1496 protein was quotable
It nc to &c over the ordinary; 15%
protein at &c to 41ac over; and 1879
'rotein at &c to 9hc over the ordi-
larry. High protein wheat from west
IN North Dakota and Montana
'rought an additional 1c premium.
Inspections indicated So cars of win
er wheat and 2S7 cars of durum In
he weeks receipts. The average
rotein content of the hard red spring
1heat tested during the week was
1910 and the durum 1223%.
Durum wheat declined with bread
heat and the May option at Duluth
vas off 2%c for the week to close
riday April 8, at S1.37%. In the
ash market good quality milling dur
m continued in steady inquiry but
was slower for the interme-
late and low grade lots. Good mill
lg qualities of Nos. 1 and hard
mber durum were quotable at 4c to
C over the Duluth May price; No.
hard amber about &c to &c over; and
70. hard amber the May price to
C over. High moisture lots of No. 4
mber containing maximum percent
ges of damage and unsuitable for
illing sold as much as &c under the
uluth May. No. 1 red durum was
called 1c under the May.
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