Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 14, 1929, Winnipeg, Manitoba 18 free press Winnipeg a i Uii Day ski Tembek 14, s Grain livestock and produce Winnipeg Grain fluctuations bulls cooled off on news of unsettled weather in South America Drain Exchange Winnipeg sept. 13 reports of rain in sections of the Argentine quickly reflected in the oct. Nov. Dec. May oct. Nov. Dec. May oct. Nov. Dec. May oct. Dec. May oct. Dec. Open. High. @15bv_ markets at Liverpool Chicago Winnipeg Friday morning. Cables f from abroad came sharply lower local prices opened a fraction Down i. To record a break of 1% cents first hour. Partial recovery was made but the Market remained Jower Lor the greater part of True morning to May 1581j 158@ 158 163% 71 71 81 85 302 303 312 114 121 15814 183% 71 71j4 74 7sli 81 85 302 303 312 114 Low. 15614, 136j4 162 70 73% 77 84 394 j4 294 i Winnipeg sept. 13. Prev. Close. Last year. 109ya close. 156% 158 a 159 183 a 114 119 a 71b 77 84 14 a 29414 295b 30414 i12b 114d 7114 72a 78% 8514 303a 311 j4 11534 120yaa 110% 52% 50% 47-yb 50% 64 b3y, 6254 66% 189 184 191 88188% 93% american Grain fluctuations at offered Good show a net decline of the close of trading. Commission houses support on the initial break and this looked like further country buying but in the later stages purchases were of a scattered nature including a Little accumulation by houses with foreign connections. Selling at times was quite heavy and a i Good portion of the offerings came the result or unwinding spreads Between the october and May futures the former being sold against purchases of the Distant month. Trade volume was not so Large As thurs Day s but there wore very Active periods in the pit nevertheless. Exporters were to confirm much in the Way of Export business but it was indicated la shipping circles that a fair amount of tramp tonnage was coming into Montreal and this May stimulate the shipping business which this summer has the slowest in years. Movement of wheat in country continues Good in View of the of the crop and the showery weather for the i past several Days Doss not appear to have caused much Dolay i threshing operations. Wheat is still grading Argentine conditions i late cables from Beunos Ayres mostly indicated that the Rains reported earlier in the Day had not been 1 heavy but that weather was Cloudy j Broomhall s agent intimated that 30 per cent of the crop in Cordova and Santa be had been damaged and the area sown to wheat in these two provinces is More than acres out of a total of acres. Same authority also said that deterioration was spreading in the prov Ince of Buenos Ayres which alone has Over acres sown to wheat and that unless Good general Rains cams soon there would be serious loss. Wheat shipments from. Argentina this week amounted to bushels compared with last week find Buenos Ayres wheat prices after opening weak were to j cents lower at mid session. Cash wheat Cash wheat Trade continued very b of during the morning. Local shippers were taking All offerings from no. 1 Northern Down to no. 6 wheat while american Mills were after no. 5 wheat and Alberta red Winters. Offerings were very Light and the volume of business was Only Small spreads on the various grades were generally unchanged from the previous closing differences. Interest in Drums was fair and shippers were taking the few Odd cars that were offered at spreads generally Xin changed. Exporters and shippers report that no Export Busi Ness was reported dons overnight. Wheat delivered by Farmers to country elevators. Thursday totalled bushels compared with bushels on the corresponding Day last year. New wheat inspected thursday to talled cars of which 54 graded no. 1 hard 541 no. 1 Northern 350 no. 2 Northern. 44 no. 3 Northern and Only 55 of grades 4, 5 and 6 wheat. Coarse grains trading in Cash coarse grains during the morning was Dull and featureless. There was practically no demand for any of the various commodities and no business was reported done in the course of the session. Liquidation in a l grains was in evidence bit Only in a Small Way. And futures prices were somewhat lower. Oats and Barley values eased off about in from the previous closing differences. Flax futures prices at one period were More than 6c lower and Rye values for the last half were generally Vic lower than thursday s close. Weather forecast the weather has been Cool in the with scattered showers and showers have been general in the great Lake Region. Forecasts Manitoba and Sas Katche winds fair today and saturday with somewhat higher temperatures. And moderate winds fair today and saturday not much change in temperature. Dec. Mar. May sept open. 138 144 Chicago High. 136 144 14814 153 y 103% dec. 101j4 100% 10114 mar. May sept. Dec. Mar. May sept. Dec. Sept. Dec. May. Sept. Dec. May sept. Dec. May sept. Dec. May sept. Oct. Nov. Dec. Winnipeg Chicago Minneapolis Duluth 107% 52 vis 105 120 open. Q. 140 51 57% 69 h 72% 7714 101% 106 i 11314 336 339 344 105 1 10814 55% 53.% 60 is 10514 111% 11774 12014 Low. 134 a 143 103 104% 52 i 58 111 close. 135% 149% Prev close. 136 144 @14334 Liverpool wheat prices Liverpool Market closed Friday As follows oct. Lower at 9s dec. Lower at 10s id. March 1% lower 10s 614d, and May lower at 10s 9d per 100 ibs. Canadian funds quoted higher at s4.8614. Worked out in bushels and Canadian cur Rency Liverpool close was Friday. Thursday ?1.4314 1.49 1.55% october december March May 1.47 1.54 1.58% meat control in 1921, and largely As the result of the conditions imposed during that control the Industry has passed through so serious a of depression that a Large number of old established firms have been forced in to liquidation. Unorganized Competition. The return which it Lias been pos sible for the Trade As a whole to obtain on the capital invested has either been non existent or less than would have been obtained of the capital had been invested in Gilt edged Sci titles. This has been due mainly to the intense but unorganized Competition arising As a consequence of the milling capacity being greatly increased during the Peri oct of government control with the result that the present capacity is largely in excess of the consumptive requirements of the country. It a necessary for toe economic operation of a flour Mill that it should run continuously throughout the week which obviously is not possible except for n limited number of the Best situated Mills so Long As the capacity is greatly by the United kingdom. Black sea in excess of total requirements shipments of wheat were much larger to meet these most difficult and editorial comment new hog grading rules this week and amounted to conditions an organize i bushels compared with the i t ii has been formed by the Millers j previous week. This is comprised i themselves called the Millers Mutual chiefly of danubian and hungarian to rationalize the Indus j cheats. Chicago Grain letter 103% 101. 305 14 a. 107% 108 52% 58 a 59% 1 is Minneapolis High. 140b 45vb 153 51 53 is 57% 60 a b 102 107 Low. 14414 a 50 a. 57 73 a 77 Lola 106% a 113 a Nib 11914 close. 144% 152 b 50% 52% a 51-a Duluth 341b 344 339 33314 a a a 33114 72 77a 101 113 14 a 333 a 335 a 153% 108 52 lib 55 i 108% 157v4 154a 142 a 1451a 143% 131 Hillbe 118% no 5 Tough no. 1 smutty no. 2 smutty no. 3 smutty _ screenings per no. 3 . 111% 122% _ 126% -----145% 147 142% 139% 141m 510.00 113v 1331 133 124 152v 150v 147grain Exchange Winnipeg sept. 13. Futures prices in the local Market showed net gains of to v4c Lor the week ending Friday. The revival of bullish enthusiasm i provinces so badly in need of rain has been damaged and that deterioration is spreading in the province of Buenos Aires where Over Vancouver wheat close Canadian press despatch Vancouver . Sept. Nov. Jan. Open 155b 15gb High 155b t close 153% Cash isl by no. 2 nor. No. 3 nor., no. -1 wheat no. 5 wheat no. 6 wheat. 112% feed shipping news fort William out., sept. 33. Ves Sel movements in the port of Forf Wil Liam port Arthur Are Light today with Only one wheat Carrier the Home Smith Clearing for Buffalo with 000 bushels of wheat and the my flu leaving for Duluth with tons of screenings. In. Port Are two package freighters one cargo of Coal the Mathewson under repairs and two Load Grain and waiting orders. Today s list is As follows cleared horns acres arc planted to wheat. Are Smith. Buffalo wheat o. S. Mcfear was the result of unfavourable news from the Argentine where Lack of rain created alarm. Country buying of Winnipeg wheat developed on a Lair scale and. While never aggressive it persisted. Lor several Days and carried the october Price up Over houses with foreign connections took a Little wheat from Day to Day and while Export business continued on a Gener ally Light scale it was evident that a Little. Spreader As usual shr interest in Canadian wheat was Broad counted for a Good portion of and it seemed at times As though livery conceivable kind of spread was being tried. The october wheat for some time was being bought and since they comprise nearly .90 per of the acreage deterioration would result in much reduced yields in Argentine this season. The average yield of wheat for the past seven years is bushels from which some bushels must be deducted for Home ing bushels for Export and to take care of prom the record of 1928, which was bushels More than bushels has already been exported and pre sent indications Are that the Export Able surplus from the new crop will be at legit bushels less than last year. Movement of new wheat in Westem against sales of both december and Canada continues on a Good scale and Grain May and the nearby month went to n Premium Over the december but at the week end a Good Deal of unwind ing was done and october once More Sank to a discount under the Decem Ber. The Market continued to be largely in the hands of the professional el8ment, and although outside buying was fair on the Bull movement it was done cautiously. A feature of the Trade from Day to Day was the. Absence of hedging pros sure. Movement of now wheat in the country did not decrease despite the showery weather and the fact that practically nothing was being hedged simply emphasized tha belief that non Pool farriers Are taking storage tickets for their Grain instead of Cash in the belief that a More favourable soiling Point will present itself in tie local Market this fall. With the size of the crop in Western Canada fairly Well established As the result of estimates by the free press the wheat Pool and the. Canadian government attention is now riveted on the Argentine crop which will be a big Factor in determining world values during the Winter months. Be ports from reliable sources indicate hat the drought has been practically Unbro Keri since july and., deterioration. Has been quite marked in important areas. It is pointed out that decrease of per cent in the acre age is officially estimated for this year total of acres seed wheat is still grading High. Deliver ies at country elevators since the mid dle Jpn August to Date Are approximately bushels of wheat and the grading shows the. To Date land Duluth screenings Pron clock Duluth and colonel Marquette both Light. In Coal Huron o. Keewatin package freight Mathews ton under repairs Frank e. Tapllr., Royalton loading and waiting. Stocks of Grain in store show substantial increase Dairy produce Market of Dominion Dairy Branch Ottawa sept. 13. Montreal reports no. 1 pasteurized butter at Svic to White and col 1 pasteurized 40c to to no. 1 unpasteurized. Large coloured to cheese no. 1 ored 19c. Toronto reports no. Cheese no. 1 Para fined and graded produce markets prices of butter Ano eggs until further notice will to those supplied Tho press by t. J. Coyly co., ltd., produce brokers. Nutter fresh no. 1 Creamery Nutter . Winnipeg .37 to .37h prices according to Dominion Tovern ment . Strictly fresh not Over live Days old extras dozen cases returned firsts dozen cases returned seconds dozen cases returned graded wholesale per too ibs., . Winnipeg .36 .33 .22 Manitoba jobbers to Manitoba vegetables jobs Era to retailers Manitoba Leaf lettuce Doz. Manitoba cabbage per 100___________3.50 Manitoba cauliflower per to 1.50 press despatch Ottawa out., sept. 13. Returns received at Dominion Bureau of statistics As to stocks of Grain in store for the week ending september 6, 1929. Show a net increase bushels. Stocks lows wheat. Barley flax and for the week were As Fol 502 cars have been tagged 1 Mani i Rve a total of Toba hard 5342 1 5 c33 a bushels. Increases Are noted in wheat Northern 770, 3 Northern with nos Bavley flax 745 Grain Exchange., Winnipeg phone 29146 de to Broom ill s Argentine a Tut now estimates that so. Per cent. Of the crop in the provinces of Cor Dova and Santa be which account for Over acres of the area sown period. 4, 5 and 6 wheat showing a combined total of Only 236 cars. Coarse crans actual sales of coarse grains during the past week were confined to the various grades of bats for Domestic use. Demand for this Grain for the Patt was very Good and although at times shippers had no guarantee of when their Grain would be unloaded a fairly substantial business was done. There was also a Small demand for Barley for malting purposes in Tho Early part but no business was con firmed worked. Cash interest in flax and Rye was negligible. Flax featured the futures Trade in All grains during the last half when values in this commodity at one period were up to 36c from the Low Point of the week. Bullish reports from the Argentine were responsible for the rapid Advance in prices. Trifle in flax was. Negligible and the mar Ket was simply boosted to keep in line with outside markets. Pit Trade in Oats Barley and Rye for the greater part was rather slow and except for a Little liquidation no business of any account was done. Oats prices for the week Are Hie to a higher Barley is in lower to higher and Rye y8c to higher. While flax values have advanced no less than to for the same and Rye bushels while Oats showed bushels. A decrease of Manitoba beets per 100 Wash lab on onions per 100 ibs Manitoba onions per 100 ibs Manitoba carrots per 100 Manitoba turn los per 100 ibs Manitoba turnips per in. Manitoba rhubarb per in. Manitoba Green onions per Dos. Manitoba pass per in. Manitoba Beans per in. ___2.50 4.00 grading Are obliged to admit that tie introduction of grading there has seen a very general improvement in the Quality and Type of Western hogs indeed this in thick other hops. That by Ami Sou Era conformation were inc Deil in the thick smooth will Dow be grader As bit clips it expected that hogs included in Thiafi will also to weighed at one draft. Tho weight Range Lor butchers has been changed from that of thick smooths 1 cd this pro vement has been so marked inns Rad carry i Yeishi Ranee of to 0 and the Quality of thick the to t u Oun is t Titius will permit or a certain per Gicale Vrzich was made the basis of of Price fixation and so Large a per ins heavies Comins into the cent age of these hogs have come i grail which carry so nearly to the select Bacon Type a d for Euliala Belv the Price of that some three years ago a very wil1 b Tho Price usually paid for Strong agitation arose to. this Prade will also in this Grade divided and a Price Dlf i elude the hogs 300 to 170 pounds Terence made so that the Man vere formally graded a Shose dogs did not quite reach the i Slop s " Standard for select might reap to is Over penalty Torr. Logs that Lac most serf Lous difficulty is Likely to arise. In the East the in tuber some Benefit of. His efforts towards improvement. It is in a great measure to hops that Fri Ade As this difficulty that the grail j butchers is much smaller thar it ing Ana regulations have jl1 Western Canada the abattoirs framed after endless meetings awl Hal will mate like v per hoc producers and officials and repro weight so far. Appear Cully. No Senta Tives or commission Meu Ana definite decision has been arrived abattoirs. Another difficulty that has been no. 1 red top no. 2 red top _ being no Hay Exchange in Winnipeg quotations arc obtained regular la trom members the Trade. Hides salted to 03 sheepskins each .35 of 35 Wool unwashed per 3b. According to duality Seneca Root per to .15 to .70 at in the West an 10 what this penalty should be. After to meet Ings the commission men com not agree As to whether it should to so much per head or so much per Hundred pounds and appear to be disposed to leave tha matter open agreeing Joah hogs of. continued on .03 .20 .08 .10 retail Price flour to Consumers at country elevator warehouses Manitoba and Saskatchewan. Quaker 1u no. 98-lb. Sacks two 49-lb. Four sacks 01 i us Woods Pivo hoses 98-lb. Sacks two 49-lb. Four 24-lb. Sacks the following shows the quantities j Grain in store at the country ele two 49-111. gators in the Prairie provinces on a gust 30, 1929 wheat u29.04s Oats Barley 898.018 flax and Rye 532.367 bushels. Stocks of Grain in store at these elevators show a net. Increase of bushels. Increases Are noted in wheat of Barley flax. And Rye 294.304 bushels while Oats shows a decrease of bushels. Four 24-lb. Sacks Hayai 03-lb. Sacks two 4d-lb. Sacks four 24-lb. Sacks sacks two 49-lb. Sacks news May handle Western Canadian Honey John b. Longwill representing r. And w. Davidson. London and Glasgow one of the largest handlers of produce in great making a tour of can Ada looking into produce the firm represented by or. Has handled Many lines of Canadian produce from time to time and Are handling a lot of Ontario cheese and Ontario Honey. Or. Longwill is quite impressed with the output of Lioney in the Prairie provinces and will ook into the possibility of his firm handling Western Honey when the production has reached a Point where Export is i desirable drought in to . Winter wheat Cryn is dim a Bull Market will Large swings. Traders should keep ported. Write for week s tree trial. Arc hib Heror lower a Lara by today for weekly bulletin and free con of trading our or Vicc Lorec Asui a oink Market moves. Grain dealers advisory Bureau 32? so Salic St., four 24-lb. Sacks Fol toll Chi Omi per sack 80 ibs. Mih coed delivered in cat docs net sex Tell la. Manitoba bran per on shorts per ton Saskatchewan bran per ton shorts per ton bran per ton _ shorts per ton livestock markets Domestic livestock Branch in Iii stockyards Winnipeg and St. Boniface sept. In the Yards to 9 o clock Friday morning were "110 cattle 30 calves and 45 hogs. Railways reported Only five cars in sight for arrival during the Alberta lots sex country elevator warehouses Manitoba bran per ton shorts per ton bran per ton shorts per ton bran per ton Alberta Day. With a Good clean up thursday and new arrivals of a Small volume sup 1 plies for Friday s Market were Only spot prices hut fresh baled for Ocny Good dec Date of issues and quoted by two dealers no 1 Timothy no. 2 Timothy of the downtown business Man an unexcelled service in executing Grain or Stock orders. Call in at our conveniently located Board room. E. J. Company limited Grain stocks mines oils 317-9 fort sjt., at Portage 191 80 192 members of Winnipeg Grain Exchange Wynn pet stoc a Exchange Chicago Board of Trade -s30.00 to j31.00 _ 18.00 to 19.00 Ltd ;