The people's voice. [volume] (Helena, Mont.) 1939-1969, 1943-07-02
GRAIN Market
STEADIED BY
REQuIS|TI0NS


such as general developments follow
ing the corn requisition order, shifting
sentiment relative to price contro
measures, more satisfactory crop de
velopment in the spring wheat area
and liberal marketings of remaining
old crop supplies of everything but
corn. General tone of the wheat mar
ket was little heavy earlier in the
week as marketings of new crop win.
ter wheat gradually gained in volume
and movement of old crop spring
wheat was heavy. Oats and fed bar
ley likewise were inclined to drag at
mid-week as demand, which has been
very active during recent weeks, sub
sided somewhat and country market
ings were liberal. A sharp upward
reaction took place on Friday, how
ever, following the corn requisition
order.
CORN REQUISITIONED: The VIA
announced it is requisitioning corn
stocks in 90 midwestern terminal ele-
vators in an effort to break the dis
tribution jam that has prevented corn
processing plants from obtaining sup
plies for feed and industrial products
essential to the war effort. The sup
ply thus obtained will be allocated by
the VIA under a plan yet unan-
nounced.
acquisitions are being served on
two elevators in Manitowoc, Wiscon-
sin: four in Sioux City; three in Pc
oria; one in Burlington; six in st.
Joseph; two in Des Moines; three in
indianapolis; two in Louisville; ten
in St Louis; fourteen in Omaha and
Council Bluffs; twenty in Chicago;
eight in Minneapolis; three in De-
catur; fourteen in Kansas City; and
four in Superior and Duluth.
Corn users have been unable to
obtain urgently needed supplies.
Some have had to close operations,
others have only enough for a few
days Closing down of plants seri-
ously cripples war production of ex-
plosives, aluminium, magnesium, and
other war products, and is detrimental
to production of livestock, poultry and
milk
Requisitioning follows previous gov
eminent actions designed to make
corn available for professors and feed
ers. On May the CCC called all
of its loans on 1888, 1889, 1910, and
1871 corn, the corn to be redeemed
or delivered to the CCC by July l.
On June 16 similar action was taken
on 1912 corn, for redemption or de-
livery by July Is.
Although corn supplies for the 1912
43 marketing year totaled 3,677 mil
lion bushels, this has been offset by
demand occasioned by record num-
bers of livestock on farms, and I'M
precedented industrial war require
ments.
WHEAT: Winter wheat made good |
to excellent progress in the Ohio Val
ley, influenced by more favorable
weather and some fields were being |
cut in southern sections at the close |
Of the week Wheat ripened rapidly |
in Missouri and Kansas and combin- |
ing began in southern Kansas and |
was expected to begin in other sec
lions in a week or ten days if con-
1itions remain favorable. Harvest
ing advanced in Oklahoma and Texas
and was completed in central Texas
with yields reported good
Spring wheat made good to excel
lent progress except on some low
ground where some following occur
red because of too wet soil. Warmer
weather improved spring wheat pros
poets in the Canadian Prairie Prov
noes but warm, dry weather is need
.wo weeks below normal because of
he late spring. Moisture situation
was satisfactory except in
Alberta. The crop varies
rom to IL inches in height.
Winter wheat is relatively safe from
stem rust damage in eastern Kansas,
southeastern Nebraska, and much of
Missouri. according to reports to the
Bureau of Entomology and Plant
quarantine. East of the Mississippi
trace of stem rust on wheat was
ound at some points in Michigan and
Wisconsin and light infection was
loted in southern Illinois, Indiana,
nd Ohio No stem rust has been
ound on spring wheat which was
leading on June 81 in southeastern
south Dakota.
Wheat prospects are reported gen
rally favorable in Europe with grow
ng conditions good. In the United
Kingdom wheat sowings are estimated
5 per cent larger than a year ago.
he condition of wheat continued fav-
rable in Turkey and Rumania. Heavy
aims caused some lodging in the
Ormer country. The Russian grain
arvest is expected to be well above
year ago.
CASH WHEAT: Premiums ON cash
yheat at Minneapolis held just about
teady during the week While ar
ivals were heavy at 1878 cars at
a large part of this was
lade up of CCC grain which was re-
illed on orders against feed and al
ohol programs. Some of it also went
ITO local store. This left only mod
rate amounts for open market sale
nd although demand was not par
cularly aggressive the trading basis
1r the most part held within an I'M
hanged range compared with the
eek before. No. l dark northern
heat, ordinary protein, was quoted
l II c-2c over the Minneapolis July
rice, which declined NC. net. for