Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 7, 1929, Winnipeg, Manitoba Manitoba free Winnipeg wednesday August tuesday s Grain livestock produce of prices collapse mss if of Vire us urls Usu i Julijus holders of wheat dump it Over Board and no sustained buy ing encountered Winnipeg Grain fluctuations wheat oct. Dec. Open. 155 154 161 159 sept. Dec. Mar. May sept. Drain Exchange Winnipeg aug. 6. Kicking the props from the wheat Market in the first minutes of trading. Tuesday the bears had control for Tea greater part of Trie morning and Jit one time succeeded in getting prices Down 11 a in the october future. Recovery was made from the Low Points but the Market generally a very Sloppy one and closed 10vic to lower for the Day. Weakness at Chicago and Buenos Ayr a monday while the local Exchange was on Holiday was respond 000. For the heavy Selling orders i accumulated at the opening and the initial wave of offerings sent prices Down to excellent re covery As made from this break when Chicago House stepped in and bought Large amounts of december and futures against sales in the South but the revival was temporary. A further splash of Selling occurred about the beginning of the last hour being led by a prominent local House and values tumbled rapidly to Ipuche the lev Points of the morning. Sup port at this stage was found to be ver indifferent and the Market made a. Poor showing at recovery. Besides the spreading Between Winnipeg and Chicago which occurred mostly in the Early part of the season there was a Little local Trade made up of buying the december against sales of the May. Trade volume was Large and the Market Active for the most part no Trace could be found of Export business in the local i and shippers und exporter had an Idle Day. The Cash Market was very heavy and hav ing its a Fec on the futures especially the nearby month. Last week s statistics show world Iii Amenta of wheat and flour to have been about bushels of which went from. North America. The supplies on passage de bushels and there is now Only a Little More than bushels in that position or about two weeks requirements in importing countries. Liverpool stocks Are less than 1.500.000 bushels but there is to be Liberal turn titles of native wheat available at the moment. Liverpool wheat prices closed to 3d lower but Buenos Ayres wheat was a to a higher at mid session. Weather conditions in Western. Can Ada Over the week end and Holiday were unsettled with a fair amount of rain recorded Manitoba and scattered showers in the other prov inces. Temperatures were quite Cool All Over the West with one or two Points getting into the 30 s overnight. Cas i wheat Market. An extremely heavy Cash wheat Market was seen during the morning find spreads on some grades widened considerably with feed wheat at one period trading at 7c easier than Satur 3 closing differences. There wus Small interest shown in no. 4 wheat but offerings were very Light and Only the Odd car lot changed hands in the course of the session. There was practically no Export business done in May oct. 69% is i May 60 oct. 83 dec. May new oct. 84 new dec. Oct. 272 dec. 263% oct. Dec. 117 May 120 High. 162% 108% 162% b 08 274 117 120 Low. 154 151 87% 657 a 69 close. 151b 68% 66 a 69 i a 82 80 a b 82 i b 80a Winnipeg aug. B. Prev. Close. Last year. 185 i 117% 122% 269 v a 260 119 a 71 14 60 72a 86 85vbb 86 b 85 a 276 2s8a 113 v8b 113% a 117% a 123a 43 46 49% 68% 186 185 98% 93% Liverpool wheat prices Liverpool Market closed tuesday As follows october lower than saturday at 10s december lower Al 10s and March 3d lower at 10s per 100 ibs. Exchange Canadian funds quoted higher fit worked out in bushels and Canadian currency Liverpool close was tues. Sat. October .jl.48% december 1.51% March 1.5 6 1.59. American Grain fluctuations open. A 137 146 146% plus there Are reckoned at bushels. The latest crop losses in North America have strengthened the statistical position and the unsettled weather now prevailing in Western and Northern Europe will hinder Ripen no and Vitting or wheat. It is thought that the Argentine wheat crop will be the dominating Factor during the com ing months As any Chance of a crop failure there would Serlo isly affect Tho International Price of wheat. 07% 9 1 b 99 i 14 Viz 78 dec 54 1-7% n 51% a s3 Fay 57 i 57 53% Rye sept. 109 a. 4 1063. 3ec 115% far 117% open. Sept 1370136% i dec 142 141 54 1370. May Oats sept 45 h dec 50 50% a sept 66 62 dec i. 70 70vi i Bye sept. 105 dec 109 109 sept 297 oct 295 nov. Dec 301 wheat Oats Barley Winnipeg 25 Chicago 340 91 Minneapolis 83 Duluth 37 j n r Grain Exchange 4 rejected of curl 10.755 11.010 the following were visitors to private elevators 712 202.610 trading floor tuesday morning s. Plersch. Montreal. Que. T. A son Montreal que. A Jones 1 341 sin Bola sask w. A. Rouleau sask. H. L. Hoppes to r 72.401 24.237 3 . others _ Saak. James Gillespie elevators Minn. Vernon Knowles Toronto Winnipeg Grain 1 . No. 2 . No. 3 . 30.671 230 representative _ direction Over the week end. Wheat delivered by Farmers to country elevators saturday and Mon Day totalled 50.731 bushels compared bushels on the corresponding Day last year. Course grains Cash Trade in coarse grains during the morning was very Dull and no business of any account was done in the various commodities. Pit Trade Ivas fairly Active and liquidation in All grains was quite heavy and 1-Utures values declined in sympathy with wheat. Oat values near the close of the session were generally lower while Barley prices were about 4c lower than saturday s close. Futures prices in the for the most part were considerably lower. Bye values generally were 4c easier than the previous close. Aba Tollik forecast High pressure and mostly fair and comparatively Cool weather covers the provinces. Fair and comparatively Cool tonight and wednesday. to Day and wednesday Cool tonight. Grain inspections saturday and monday aug. 3-5. 1929 1928 wheat 196 233 Oats Barley flax mixed grains cars of contract movement by roads c.p.r.______181. . 25 _ s 6 _ 2 267 48 Winnipeg Cash prices these prices arc always the quotations in Cash grains at the Lime closing the future Market August 6. Last year new York. To 1 . It. 2 . _ . 3 . Rejected track no. 1 apr Thorn no. Northern no. 3 Northern no. -1 no. 5 no. 6 peed track nor 3 durum 4 durum _. No. 1 bed durum no. 2 red durum no. 3 red durum no. 1 . No. 2 . No. 3 . 1 Tough no. 2 Tough _ no. 3 Tough no. 4 no. 5 Tough no. 1 smutty no 2 smutty no. 3 smutty screenings per ton Oats no. 2 . No. 3 . Sex. 1 feed no. 1 no. 2 leed rejected track saturday aug. 3. Wheat 2 nor set 2 nor spa 4 set 4 what set 5 Wilt set 134% c who set 3 Dur set 134% 3 . Syi 148% Oats 1 feed set 63 4 cd set set 41.01.1 shipments Lake and rail Oats bar lev flax Rye this year 200.260 373.002 780 last year 027.035 Market news stocks in terminals fort William and fort Arthur week ending Friday aug. 2. 1029 wheat totals this year 47 Clark Martin wire service Liverpool aug. 8. Liverpool spot Market wheat 1 3vi lower. Fut Tures opened easy in sympathy with the lower Chicago and Buenos Ayres Market. Tremendous stocks of wheat in America Are affecting the entire International wheat Market arid causing considerable liquidation being assisted by showers in. Australia and Cloudy weather in the Argentine there was some Short buying of Argentine cheats on the break which caused a Little Short covering being helped by the further decrease in the floating stocks. Last Veek last year 22816 138 total shipments i last year b Vii 1903 in i no. J Northern _ or. 1 and 2 Northern _. No. 3 a Orilien s.630.660 wheat review Clark and co wire service. Liverpool aug. Broomhall cables As follows the Market has declined severely on the very Large supplies in the u. S. And slightly less pessimistic crop reports from North America generally. Several Continental countries have Good reserves of old wheat. Partial Rains in Australia and unsettled conditions in the North of the Argentine with prospects of Rains Are beneficial. Do nubian countries Are Selling freely to Western Europe Anci the wheat sur Winter durum _ private Oats no. 2 . 139.500 no. 3 773 092 i Jug sex. 1 feed no. 1 need 345.421 no. 2 feed others _ 788.403 private elevators v totals Barley extra no. 3 . 758 Canadian visible week Emling Fri play August Sui Fly totals wheat Oats Barlev Bye this week oc-0 2910000 last week 96.057.000 12.310.000 2 926 57.231.000 details us to it William and it. Arthur Goderich Kingston port Colborne port Man Coli Owen sound St. John Buffalo. Wheat 47.111.000 1.581.000 322.000 856.000 858.000 Oats 247.000 Philadelphia Prince Rupert Calgary Edmonton Moose jaw Saskatoon Winnipeg 57.000 3.406.000 5.062.000 19.000 17.000 3.000 89.000 110.030 412.ocj at Canadian Points 72.919.000 at u. S. Ports. 22.082.000 bin Ley 203.000 18.000 3.000 15.000 Rye 7.000 Chicago Grain letter k. J. Big Wolf private wire service Chicago. Aug. Market started steady advanced sharply on South West buying attributed to extremely Large flour sales overnight in that territory the Advance Drew heavy Selling by Winnipeg houses and this in turn brought on liquidation which became of cattle extremely heavy causing values to sink killing classes steady stickers and editorial comment remember sept. 30 How Many were caught Buck lambs to Market after july 29 and suffered the Cut other useful killing kinds found outlet from to the balance on the fair order going into killers hands within a spread of to 86. Canners and cutters were weighed up irom to 64.75, while bulls moved rather slowly from 85.25 to there being Only Odd Good bulls in demand at a higher figure. The Stocker and feeder end of the Trade ruled fully in line with the close of last week while in spots prices carried a Little More strength due in a Large measure to a better outside de Mand. Desirable Light weight Stocker steers were in request from s7.75 to 88.25, other decent kinds found outlet from to the less attractive variety showing Little change and sell ing from s5 to some Good Quality feeder steers were bought up from. So to sb.50, the balance of the stronger weight steers making from s6 to tile calf Market ruled generally firm with the Best grades Selling from j the Man Wiio might go to and the common to medium largely from to 810. The hog Market for the most part was decidedly unsettled with prices closing on a firmer basis selects Bacons weighing up at arid thick smooths and shops at 813.75. Lights and feeders made from Sll s13. Feeding sows were in demand from s10 to and the balance of the sows irom 88 to the Lamb Market worked sharply higher from the close of last week with Good Ewe and wether lambs sell ing from to common and fair killing lambs went from to with Buck lambs Selling mostly the Farmers forum news and comment of special interest. Edited by a Cora Hind How May be caught september 30 Oliou a Cut of ?3 per head is Rancle ? from to the few sheep on changed from 84 to s6. Of Islic of cattle trading practically at a standstill. Load of heavy steers sold at few rows to 58. Hogs unlikely off cars for sheep and 1.700 no Early sales. Settled rapidly encountering Stop loss orders and lacking Good buying Power or a Large Short interest until prices de feeders Strong to 25c higher. Hogs. Sheep s. St. Of cattle livestock quotations cloned under 140 for december. Taliej Market generally steady. Close is to cents lower than night with buying Power greatly im-1 settled although Genera news is de i cidely bullish. Except for lower Tern win Ripe 6 Perates there was no Relief i the hic copts. Caule a.700 calves 700 Canadian Kansas City Coli a i10gsi sheep 135 firmed flour sales of one million barrels wipers and reported their Cash wheat As steady i Choice to 3 cents higher on basis with a Sharp far to 8.50 to drop la receipts and country advices medium. 7 50 to indicating that movement is Pratl. Common. 6.00 to Cally Over. The Seaboard Falls to con Butcher heifers steers .s10.00 to 8.00 7.00 firm any Large Export business taut undoubtedly such a decline resulted in business. While the action of the mar Ket today is discouraging we still be Lieve in higher wheat prices and advise purchases at closing level. Firm and sold higher on Short covering Only to lose All the gain and close 1% to lower than last night. The weakness in wheaten courage professional Selling. Was no rain of consequence in the drought Section Southwest. Late Dis patches however told of somewhat lower temperatures following the excessive heat of yesterday. Cash was in excellent demand with the basis steady to a half cent lower and country offer Ings Light. The predictions of showers Over the Middle West and cooler for Kansas encouraged local the Corn situation to us presents Many possibilities on the upside and we favor purchases at present quotations. Oats. Oats followed Corn closing to lower than last night. Part of the seeing can be credited to liquidation induced by the weakness in other pits. There is nothing in the Ness to suggest the present decline and we still believe in higher Oats Vancouver wheat futures Vancouver u.c., aug. 6. Futures closed open Holch Low close nov. 157% 154% Jan. 155% 155% 1 Northern. 1535 8 no. 2 Northern. No. 3 Northern no.-4 wheat no. 5 wheat no. 6 wheat shipping news at tub Lakin Siead ii Adian despatch Vort William out., aug. The week end Holiday no Grain moved from this port of fort William port Arthur but three Coal boats cleared Light Lor United states ports. Today two Small vessels curried bushels to Montreal and Quebec four Grain boats Are loading and waiting order Here and one is due Light. Three Coal boats. Are at the fort William Coal Dock. Following is today s report of vessel movements Hurlbut w. Smith. Andrew h. Upsor., Superior Light Curonic Sarnia moronic do Liili passengers and freight Aube Montreal North ten Quebec wheat. In Lemone Cal Adoc. Discharging Coal March Weston Valcar tier Hagarty Grain ass Uloia loading Kenora Sel Kirk discharging freight. 1 Assai this Soo g. Noon . Associated press despatch a tilt Ste. Marc. Mir.li., aug. Up Arcturus. 11 . Britt. Howard Hanna. Garretson 2 Adams 2.30 Mclean. 3 c Arence Black Corlis. R.30 Ericsson Holley. Eads 4. Manitoba g. Down Donnacona "10 . Philip Minch. Winner. 10.30 a cronus. 11 Hugh Kenerly. 11.30 Connors noon Nasmyth. Maui Inola jew. Smith 2 Filbert. 2.30 Rogers 3.30 Bartelmy 4.30 Bowers Michi Gan 5.30. Choice fair to Good Butilier coins 8.75 to 7.00 to 9.00 8.50 a Man inexperienced in sheep arming Lias an excellent Chance of making Good with a Small flock them. While May of the have already been sold it is still possible for men to get Small Hooks and he Opportunity is certainly not one to be lightly passed by. In another column will be found the statement issued by f. W. Crawford manager for he com per set. For lain Ani through carelessness has to take is not to be As the warning has been Puli Ishey week by week for the two months. Still less to be i died is the Man who will Lake less on september Jersey sire for Eastern Ontario Jersey sales of interest include new Herd sires for the Acton and Jarrel herds at Gananoque and . Respectively. After much looking around or Acton decided on a son of that great cov.-. Emral nets . Of St. Omer this has an official record 0 pounds of milk uni pounds of butterfat in a year. Is veil As other official tests was the first Jersey in Cunradi to produce Over 100 pounds of fat i a year this Bull is old Eno Isle that his first daughters Are in milk inti Are turning out just As one would expect from such a the sire of this Bull is the imported at farms. Ste. Anne de Bellevue quc., Maxwell on Sultan Volunteer. Standard of s in for May years tic in Rel agricultural practice changing the new manager of the Manitoba. Livestock credit company is to be commended for the prompt manner in which ii Lias issued More Complete details of the Ria sons for the inauguration of the company and the place that it Hopes to Rill in helping the Farmers of Manitoba to help themselves to their farms of weeds. While in the West recently a Chance to. Talk with e. Jones of the natural so Purtan dates to a Iier. 0 Field crop , i rambo. Alia. Aug. 7-17 a exhibition Vancouver. Aug. Victoria exhibition. . Paiik. 27-3j. Emu Witolia horticultural . Ivin nil for. Sept. R Orchard Day. Munlyn exp Rini Wiital farm. Sept. 30 Cut of in i Pound on nil Buck lambs Utility Power and equipment stocks gain brazilian and Nickel show advances on Toronto Market ican Ediar i a Raj. Fijoj Moji Toronto aug. Was Sld Erable irregularity Ine Toronto Stock sex chair in die course of tuesday s trading the result that net changes for the Essron Dos. Played Little unanimity. Holiday break with important advances being registered in inter listen Stock at Montreal and York while Quaw. Tons at Toronto were Sormani re Sultena m i opening a equal Levels but this Force soon spent. The close was generally firm Utility. Power mid a pulp or or shocks showing net gains As compared last closes. Sales were Only of Normal proportions with snares hands. Activity entered the most part on such issues As Linn Nickel lob Laws. Anri the . Brazilian jumped Points bused on the accumulations said to be in pro Gress hew York. occupied the prominent position n Market s spotlight. Lola is a ;