Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 6, 1925, Winnipeg, Manitoba T Manitoba free pres monday april 6, 1925 13 Winnipeg Grain fluctuations saturday s Grain livestock and produce h better tone heat Market saturday morning Cal 5 5-8c higher pack gained strength Exchange. Winnipeg 100 w Mark follows May. April los cd Satur 4d lower at at a. Exchange. To cd a a o s d out into bushels and Liverpool close currency sat. 1.56h fiday 1.60-. K wheat account of Market lifter opening when the. Bew of it run tos much on saturday from i so to inc May future reached mss july oct. _ May july tort May july oct May july Low. 136 close. 1443 4 127 Prev close. Last year. 1385s 98 100% 42 44% 44 443j 46i4 46b May july oct. 231 109 108 83 239 114 1 70 69 227 231 109 108 91 75b 225b 114b 110l 91 43 695s 69 54 228 231 106 102 93 2 american Grain fluctuah0ns of Tho lakes for die week in Stop wheat 33.27s.c91 Oats bar Ley. flax. Rye 740.6s3. Receipts. Whort. Oats Barley. .236.310 flax d35 Rye shipments wheat Oats Hurley. 300 flax 22.852 Rye nil. J. A. Patton states decline too severe Chicago. Open july sept. High. Or. 123 127 sept. July. Sept. May. July _.-. A food class of buy Luff. Credited u cd Purtis ind u Short tos a about a lot of Short be eve Point. There was Iceline 1 of Terai opinion Oleng that sufficient. Tho fore is in this coun a Small overnight. Stated i Ioni Tho Uylis Good there reporters i nor. Had i cited a posts from _ Canadian am oat Pool Une to the United Kins could not i apr. Was Mure j Lown bears less in press their position. Pat Well known Chicago Grain out with a very bullish re this had some effect. Theta buying of May full sales at j Chic to More Rye May july. wheat july Oats May july Barley May. July Rye May july 108@ 93 2 open 1301" 132 73 -73 100 9s 101 3834 41 to b Low. 13734 123 9534 98 37 39 40 108 10t 93 close. Prev. 129 101 Minneapolis High 35fa Low 130 72 72 112b 1 b close 133 136b 100 previous Cost l 132 a e. J. Bawlf private Chicago april a. Latton has this to say of the present it Arliet situation it looks to me a3 if a i markets have swung to extremes in their re Versal of the situation that existed in january and february. The Trade docs not appear to be is As it was optimistic at that time. In wheat i am of the opinion that foreign buy 1 ers have used this Market of Tate in j which to hedge their of wheat i in store and afloat everywhere and that this has put an undue pressure on the Market. I am still of tie opinion that wheat supplies Are so c Osely balanced As to require close figuring to carry both this country and Tho world through until the next c rot in ready to move. While the . For the new crop at this time is Good it is not yet made and the Trade should not lose sight of the fact hat there Are possibilities of yet. Ahead of the crop which Olgh entirely change the situation. In Corn practically the same Condi Tion exists. Prices were hell too Lush in Lac Early Winter with the result relationship Between hogs and was entirely out of line Durins Vallevand North Central Plains Dir the week. Karly seeded Oats have come up to a. S Ood stand m the lower Missouri Valley and conditions Are favourable for a Large acreage i the upper Ohio Valley Section. While Rye prices were also sharply lower the decline was slightly lews than for wheat. May Rye at Minne Apolis sold at the close of the week at-3 % under wheat As com pared with 35 cents under at the close of the previous week. Good milling Rye was in demand and there was Atao a Good Export demand and sales totalling around bushels were reported. Tho Barley Market showed less a dependent strength than Tor some time and prices declined with those for other grains. The Cash demand continued steady for Rood malting trades which were very scarce at must markets practically none Lav Jeen received Durins tire week at Chicago. Cash Barley at Minneapolis was quoted at g2 to s cents and financial the daily crossword Puzzle Keynes replies to i currency critics says managed currency would in j crease competitive Power i april o. Replying to j criticism levelled a. His theory of a managed currency a opposed to an unrestricted return to the s old Standard j. M. A cynics the Inglish economist says in a letter to tie no. 3" Barley at Milwaukee at s5 to "the1 flax seed Market declined about 11cents at Minneapolis and foreign markets were also lower. No. 1 flax seed sold at the close of the week at one cent under to three cents Over Tine May Price depending on Quality. Livestock markets Dominion livestock Branch 100 9s adult eth change in the Lias but it is expected Vusie flax july. Winnipeg Minneapolis 263 265 270b 272b 253 265 269a 2683i 271 a comparative car receipts. Oats. 71 30 Barley. 17 Flash. L s 0 10 96a 263b 4 the receipts at the Union Stock Yards saturday morning were extremely Light and not sufficient to constitute a Market. South St. Paul livestock. Furnished by Struc Federal Market reporting office cattle 200 compared with the Winter months. Corn 1ms now de j Weetz ago canners and cutters steady lined to s. Point where the reverse killing classes. 25c to 50c higher condition exists Anil the relationship st0ckers and feeders steady to 23c Between hot s and Corn makes it very lower. Profitable for the Farmer of. Feed his calves. 100 Market compared with i Orn on the farm. There is j z Weck Aeo. Steady to 30c higher now no inducement i that Orn Corn. 0 so a jut made a week. Coarse grains. There was a Large Trade in Oats cd Barley by exporters and shop in and prices which lower at the opening Sharp recovery. Undertone Armor a ice Arv expected to to letter. Rye following the action it wheat is s Carpi a higher Tess was not Large. flax Market Krent i and advanced a rou1. O. Short co Crin o no spot 6 ulv. .109 3 w.-. Do. .112 feed spol 3 nor. Spot 3 Clur. O we. 6 we. Sample 97 4 so believe markets have reached j that Althor. 3 c. 1 Busi i 1. Lull 1-ce.l splayed Oats. W. 57 Vei. 1 1 wot of. 1 re. Spot so. A in Evi Raj. A c spot spot spot 35 Minidio to. 2 f. Sample Point of stabilization and have no fear of putting ourselves on record in that Way. Public Confidence in pres ent or higher Levels obtain it Pic Wil Only us their common Nae at a time like this Wea that is h.1j that is to produce Good re suits. For the crowding of com to the terminals and with country supplies admittedly Light the j Raar Kot will certainly have 10 pay at a Tonton to the current hos and Corn i relationship. I in Oats while the visible s Mil sex Large and i see Noah inc to i very Hikiji or Ces. It is evident that the drastic decile m. Price 1 has already brought increase in the j will naturally upon Ai Antireas of under these conditions a do j Nanc for Oats might easily be reflect j in some upturn. I taking the markets As a whole. I am i strongly impressed with the fact that the declines Vive been any Nung Warr amed by the and the situation higher Market steady top Price s13.23 bulk prices follow Butcher and Bacon bogs. S13 to 313.25 packing bows. 511.50 to times the criticism is made that a j Manaster stable Price currency i would be liable interfere with our j competitive Power in foreign markets. I do not follow the argument. In fact the opposite is True. A Sta blk Prico Standard is a much More sensitive instrument than is a fixed Exchange Standard e.g., the Gold Standard for adjusting a Dis equilibrium in our terms of inter National Trade. movement of the Exchange immediately shifts in the required direction the prices of All our exports in terms of for else Money whereas Tudor a fixed Exchange Standard the same result can Only be brought about by Tho Lonoff and painful process of altering the whole Range of internal prices Loans. My wages some of which Are fixed in terms of Money for considerable periods by custom or by contract. "7n our own Case if the Exchange is allowed to fall at the same time that Bank rate is raised our Exter competitive Power id strength ened during the period of readjust ment. But if when Bank rate 3 raised the Exchange is pegged then out external competitive Power is weakened until the causal train act moving by higher Bank rate including the lowering of Money wages has been at last demand and to consumptive use Cale sheep none Market compared with a week ago lambs Strong to 25c higher Tat ewes 50c to lower. I. Market commons 1 of Staple groceries d offid fruits and syrups i i the International Syndicate. Solution to this Puzzle will be found in next Issue Irish free state s making strides towards Prosperity rices All around. Washington official Grain Market review Barley. Spot. 62 a vat of. 3 c. It. .217 better in the a few the Cash markets. H there and a ittle Noliea n a Tho i Asb Market very Little was done onto for Export add oafs were worked direct for Export for opening of navigation delivery but layers claim i Nat wheat held in the East by the Canadian tool is being Tii wed considerably cheaper than prices by the Trade for various grades store a Tiu of the lakes. I Sutra quoted unchanged to i 4cliw.ahy Bettr. Juhrs reported i1 very poor flour demand. Cables pm London also heavy offer i Jones of Canadian wheat by represent a tires of the tool Al considerably under 03t much better feeling was noticeable j Cash Oats Market and u Larse j Mort Trade was reported worked Over Konnad lots wore worked and a t i e my prevailed that prices j Siyoum to easily Mir trained around Levels. There was also an exl so Lent tone to the Cash Barley Market j ill grades being Well taken car.3 of and wanted especially the Low grades. Tulch have been pretty Well cleaned up list went into the hands of shippers doing in Rye. Better tone to Market with crushers taking this Cercil for opening of navigation de the weather info than Eather in the West has or ult moderate temperature. _ u forecasts Manitoba and Sasha tube v winds fair today and Sunc Lav. Not much change in tempera no. 3 Jure. Few scattered fat mostly fair today and sunday not i Fitch change in temperature. Lake j Minneapolis Cash prices Clark Martin 4. 1 dior Lei Usy fancy. Montuya no. I Dar. Up Good to i o. 1 a r 1. To o Al i a o Vii icy no. 1 Durk is a Joriu to Cuoio to. North up Oral nary to Good no. 1 Dirk Northern to. 1 Noi la icon no. 13 Ortli. Choi be to Jim a 2 d Ark n o r t lit i Odo Choice to. Jark North. Dirk e he runs Spring 1.5 1.41 31-79 1.69 1.55 1.66 1.50 Broomhall s Cable. Liverpool april of Cline America Lias served to under mine Confidence among buyers of a heat in the United kingdom and the continent. Demand in general i United kingdom is Aloiv and even j though parcels of a heal have been j marked Down the reductions fail to at j tract any important buying. Trade j i appears inclined to assume a waiting Ijo Llcy and there is still ranch Uncer mainly rep Ardins Mancia conditions on the fruit he match to tie inc Pacso Washington. . A poll of buying support in the i Ture Mal cts carried prices to sharply now Lewis Durins use i this o 4. States the United states the ment of agriculture in us Grain Market review. Corn and Oats 1a" paces reached the lowest Point Trio crop to by by. In ainu were about to Vonty cents below the High Point reached in january. T improved weather Condit on in that Southwest lower foreign no incest Anu the Lack of an Active Export demand weaken Lotf Winnipeg april i. Decline or 15 cents per 100 pounds too to place last week bringing today s Price to is for granulated sugar. This decline wis not unexpected an i in this column last week we stated a Small decline would not be surprising. The Market is still unsteady Ami care tul buying would be the safest policy to follow. Market is in a very in Heath a condition. Further declines have taken place on account of severe Competition amongst pennies. Jobbers the Salt com report Good sales of commodity for the opening of Navi in Buenos Ayres j contributed to the in the c of Condi ii bout bout was no. L no. Been i no. I no. U. 3 dark North Spring. Ordinary to Good 5 Northern to. I dark ird Montana 1.3f no. 1 hard Montana no. 1 dark . Minne Sota and s. Dakota i.i2 no. 1 hard Minnesota and 1 i a icy Amber durum 1.62 3 i Amber durum 1.6q 1 Amber durum 3.3s durum 3, durum a o durum 5 durum i Bent yesterday declined 1 i to Ivi on j and Rye the Day. Foreign demand for wheat i lion3 in the principal Virter was disappointing. Clearances of j areas continue generally Moi Anie. Wheat slightly larger. Amounting to Spring wheat seeding 2.doo.ooo bushels. Compared line Well under Way in to s a million bushels last week l part of the Spring wheat l Eit and million Lui Liela at this time Spring wheat seeding was at. Ago. Fort stocks further increased and now aggregate 1 i million bushels compared with around 11 million Bush ois last week ind 10-i million bushels j year. Weather Fine and favourable i for movement of wheat from the in i to prior to the ports. Blowing for the change in temperature. J Ortii and Northeast in i Incis. Air and Cool today and sunday us 1 the com j Ion 1.29 1.25 .67 i .s6va 1.05 a 1.37 1.36. 1.44 1.79 1.78 1.58 3.53 1.c6 1 .c5 1.e4 .39 u sen .79 1.07 2.7614 new crop is making satisfactory pro j the Corn Market heavy. With nearby delivery 3 cents lower and i deferred cents a Bui thei Down on the play. Export demand quiet. C. States were favourable the Cash Mai Het ;