Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 14, 1934, Winnipeg, Manitoba 1 free press saturday Juli 14 19 revived by crop news wheat up 11-2c yen fury hits Market in last half hour to transform tranquil Market Forli revive bullish enthusiasm Export sales Light Grain Exchange Winnipeg july 13. Feeling Peppy after their ,.riefholiday, the Bull forces were Back in the wheat Market Fly and ran prices up for gains of lv8c to iy2c. A a tranquil Start the Market fury in the last half hour i were quickly run up about poured in from Chicago dumped on the a reached the floor Mahx change in Waves and shipped buyers into action with such that put a Timo was a perfect bedlam. And and soon prices were on their i afto new High Levels for the move to import business lid not figure to any extent Ami it wit presumed that pin chases Wen largely o .1 speculative nature. Provided most of the Lead a ship. The lower prices As Liverpool sept. Uci of Export demand being in the Rush to accumulate or cover Short lines. I crop observers in Western Canada poor conditions where they july thought to be quite Good and sept. 6914 times rom Europe spoke of blaming beat and deterioration and a Mallm Hrand of weather prevailed in july tit United states Southwest. Sept. 192% dram Winnipeg Grain futures _ i. M _ wheat mures of t t wheat futures close per 100 pounds to liars. July 4s 4s october 5a Iyad 5s in a december _ 5s 5s March 5s 5s these prices converted into Canad Ian bushels and Money at Pri Day s approximate Exchange rate Between Banks Are As follows thursday s were converted at a rate Fri. Thurs. July 721 7t oct. 84% 81 s3% dec 86 82% Oats july 39a 39% a 39 40% oct 38% 539 3s 38% dec 38% 38% 38% 42% july s 45 it a. 45 4 52% oct 46% 46 48 via dec 47 47 55% july 362% 163% 161v4 161v, 160vib oct 163vi 167v2 163m 16oa 163% 176 dec 164 163v4 164 v4 july 57% 58 a 56b 76% 7g3 79% oct 58% 60 57% 59% 58 8074 813 dec 59 i Grain prices in . Friday morning consisted of 25 cattle 5 calves 15 hogs and 80 sheep and lambs together with 50 cattle on through Billing. Railways report Only one car for arrival the Day. Trading was quiet and on account of Light receipts very Little action Tias displayed. There Are a few grass cattle held Over which Are being peddled out at weak prices. As said before this week there Are too Many unfinished grass cattle being offered which has a. Most depressing effect on the Trade. Anything on the dry fed order is in demand at steady prices but due to the limited outlet for grass butchers and feeders Farmers would be Well advised to hold All thin grass cattle Back in the country until outside markets improve. Witti Only a few calves on offer the Market is steady with thursday top dealers Selling up to there were not sufficient hogs to establish a Market and the Trade is Cir Ryling a weak undertone. A few feeder hogs were scaled at s8.5q. The sheep and Lamb Market is unchanged with top lambs Selling from to Chicago july 13, 1934. Wheat open High. Low close Prev. Close july 93% 97% 92% 96% sent 98% dec 100 95 99% july 58% 60 57% 59vsa sept 61% 59% dec _ 60% 62% 60 61% july 43% 45 43% 44% sept 44% 44% 44% dec 45 i 45% july 67% 71% 67% 71% sept 69 70% 68% 70% dec 70 72% 69% july Yov 58b Minneapolis july 13, 1934. Wheat open High Low close Prev. Close july 97% sept 97% sept quotations Winnipeg july 12. Receipts cattle. 400 calves 130 hogs 485 sheep 135. Barley july 52 51 a the Farmer s forum news and comment of special interest. Edited by a Cora. Hind. Editorial comment 4 Timothy seed Supply All signs Point to a shortage o Timothy seed production in can Ada this season. Reports from Eastern Canada indicate that the Early weather has been quite unfavourable for this crop and already measures Are being taken to har Vest As much seed As conditions warrant. Similar reports from Western Canada Are now appearing Pincher Creek District Long note of Timothy is distinctly Short this year the Early drought causing a very Short Hay crop. Producers of Timothy should Survey the situation thoroughly and govern themselves accordingly in the manner of harvesting the cur rent crop. 69% a Nganhall s australian agent went m far ast estimate the new australian wheat crop at this Early Date months from Harvest and indicated Only bushels com pred Titi 160 millions last year and 210 millions the year before. Here enough dynamite in this combination of crop reports to Send the Market through the roof in Ordin Ary times and the amazing thing is that is took More than half the morn Jcj Lor the news to percolate. Prices actually sagged with these reports available Anil the mystery of the Market was the spark that started the Blaze. Wheat ran into three figures at Chicago when the december future si.00. But the highest Point a Winnipeg was 86c touched also in he december future. Liverpool started off quite briskly was id higher at mid session bus finished id to id lower per us pounds. Statistics showed million bushels of wheat cleared from aus trivia and Argentina the latter sup mag 3ji millions. No ivj7f.it left Russia Bill 32. 800 bushels were Shippy in from a nubian countries. Cash wheat Trade at Winnipeg centred around Tirums and High premiums were paid for this to Solety the top grades being quoted Over the october future. The Minneapolis Price plus the Premium asked makes it possible for Canada to ship durum wheat into i the . And pay the 42-cent duty. It is possible that some of this business will be done in the near future. Demand Lor coarse grains was not heavy but prices firmed up in sym Pathy with other markets and on the bullish crop advices from the offerings were Light in All grains Ait Trade did not reach a Large plums although there was consid table activity. Oct. 19.1a 6 8 via 69% 193 a b 192a competitive Export prices Liverpool july the Canadian quotations sup plied by Broomhall today. All prices Are . Cost insurance and Liverpool Fri. No. 1 Manitoba Northern Vancouver shipment july. No. 2 Manitoba Northern Atlantic shipment july. 90% per Bushel Canadian Money no. 2 Manitoba Northern Vancouver shipment july. Argentine Josafe 63% shipment july. 67 Argentine Barusso shipment july. Australian wheat afloat 15% West australian shipment july 77va russian wheat unquoted quotations from the various countries have been converted from their values in Sterling to a basis of Canadian funds at Fri Day s approximate Exchange rate Between Banks. Thurs. 82% 80% 87% 67 74% 76% Grain movement at port of Montreal Montreal. July 13. Today s Grain Fig ures in bushels stocks in elevators total receipts to Date 1934 total receipts to Date 1933_ total deliveries to Date. 1934_ 22.462.793 total deliveries to Date 1933 _ 23.808.489 yesterday s 336.747 yesterday s deliveries Lake boats arrived. Loaded 5. 501.605 6 Lake boats in Grain inspection m of contract Whei in of wheat thursday. July 12. 193-1 133 we Sis of Thep to. W i cars of cats ears cd Barley Oil cars of flax cars of Rye 392 13 20 563 109 so 10 11 iou cars of All grains 428 movement by roads , 214 214. Of Winnipeg Cash prices these prices Are always the quotations rain a Rains at the time of closing the Jure in Ariet and refer Only to Grain in be a p0rt William and port Arthur july 13 Kuiv 12 t hard to i j Northern _ 3 Northern t Northern wheat il5 wheat k wheat deliveries july the Rollo Wiidik quantities were ill Levert through the Clearing House Friday on july contracts bushels wheat Barley flax Kye. Nil Market jottings Here and there Sydney agent estimates that the new australian wheat crop will total Only 115 million bushels. Horns requirements total at least 50 million bushels. Liverpool. The combined exports of Australia and Argentina this week total 5% million Els with the latter country sup plying millions. Wheat was exported from Russia this week but bushels left Black sea ports presumably from Balkan countries. Liverpool. Broomhall does not consider the Canadian offi Cial report on crop conditions bearish. He calculates that a condition of 82 per cent of aver age indicates a crop of less than bushels. Wheat freight rates Lake freights. Cents Peru. Port William to Montreal 6 a i fort William to Sorel. 6 i6.y i port William to Quebec 6 72ik i fort William to Bay ports 214 fort William to port Colborne 2% fort William to Buffalo to 1% Ocean freights Montreal to . Ports. 4 to 414 Montreal to Antwerp and Rotterdam Vancouver to United kingdom 10 new York to Antwerp Rotter berth Montreal to . 4% to Montreal to Antwerp hotter dam Montreal to Mediterranean Montreal to Hamburg 3 Vancouver wheat Cash Friday july 13. .__82 u 73% 70 i Lake shipping fort William Canadian press despatch fort William out., july 14. Four cleared Friday from the Porto fort William port Arthur with flu Snell nearly All wheat he Atwater carrying of wheat to Buffalo. One boat is loading and others were due Friday night and he Torian is still waiting to Clear with the cargo she has aboard following is Friday s report on vessel movements 1 Stewart. Port col borne wheat Damia Sorel. Wheat Bostert a. Durham Midland wheat. we. Atwater Buffalo wheat in port wer Mouat loading Grain Geo. L. Torian loading and waiting Keewatin discharging freight. Passed the Soo Canadian press despatch Sault Ste. Marie Mich. July 8.30 . Findlay 10 Mathewson 11.30 Benoyle noon sulphate Mitch Fibre 12.30, . Fil Bert Harvester 2 Ziesing 6. 10 . Robin son Garretson 10.30 Coolidge noon Clarke . Delaware 5.30 Jos. Block Angeline 6. Steers up to 1.050 jobs. And Choice to medium 3.00 to 4.00 common 1.50 to 2.501 steers Over 1.050 ibs. Good and Choice 4.25 to 5.00 medium. 3.00 to 4.00 common 2.00 to 2.50 heifers Good and Choice 3.50 to 4.25 medium 2.75 to 3.25 common 2.00 to 2.5c fed calves Good and Choice 4.50 to 5.7 livestock policies in . Drastic changes Aro taking place in the United states livestock policy and population. Ten million head of cattle and sheep Are nov to be brought up from the trough distressed areas and destroyed this figure being a revision of the Origina plan for buying 000 cattle and an equal number o sheep. In the new plan halt Wii be sheep or head. Those suitable for human consumption be saved for Relief purposes. The result this tremendous Slaughter will be a reduction of production in the Case of cattle which will be reflected for years come in the areas affected As Many of the beasts destroyed will to medium 3.00 to 4.25 cows 2.25 to medium 1.75 to common 1.25 to canners and cutters___1.00 to bulls Good. to common. 1.00 to Stolcer and feeder steers Good ,._.__1.50 to common 1.00 to Stock coins and heifers Good 1.50 to common to 2.50 2.00 1.50 1.75 1.25 1.75 1.25 milkers and springers. 15.00 to 35.00 veal calves Good and Choice .___3.50 to 4.00 common and medium 1.50 to 3.25 select per head Premium Bacon 8.75 to 8.75 livestock markets Dominion livestock Branch Union stockyards Winnipeg and St. Boniface july arrivals at the Union stockyards up to 9 butchers per head discount heavy. Extra heavy lights and feeders sows no. 1 sows no. 2 roughs Stags -----.i_.----2.50 to Larne is Good hand weight. 6.00 to common 2.00 to Bucks 3.00 to sheep 8.25 to 6.00 to 8.50 to 5.50 to 5.00 to 4.00 to Good heavies Good hand weight. 2.00 to common 8.25 6.00 8.75 5.50 5.00 4.50 3.50 6.so 5.00 4.50 2.00 2.50 1.00 to 1.50 1.75 to crop news so bullish even bulls Are hard to convince it is True wheat shows net gain of 5c for week but with such ammunition this is poor showing for mighty Hoof and Horn crop estimates provide biggest Shook. By James Mcansh assistant commercial editor Winnipeg free press Grain Exchange Winnipeg july 14. Is up about 5c from a week ago. And prices Are now at their High est Levels since the last Hull move ment terminated on june 1. All futures have passed the 80-cent Mark and the Market bids fair to repent last year s flight which carried prices up Over the Dollar level. Compared with a year ago prices Are at present about Loc lower. Bullish crop news carloads of it and from almost every Corner of the Globe has emptied itself into the mar Ket during the week. In Ordinary times there would have been enough speculative buying to run prices out of sight but on this occasion the news fell on deaf ears or at least it was slow to stir buyers into action. Perhaps the hulls have not forgot ten the repeated trimmings they have had in the past four years or per haps the news is so very bad that they Don t believe it. Be that As it May a five cent Advance in face of such crop conditions As the cables and wires have reported is a. Poor performance for the mighty Hoof and Horn brigade the Trade was stunned by the official estimates of the United states crop indicating Only 394 million bushels of Winter wheat and so million bushels of Spring wheat a. Total of 483 million bushels which is 403 bushels less than the five year average production. Sueh. A condition seemed unbelievable especially in View of the threats made by Washington officials that the United states would dump its wheat surplus if other nations failed to curtail acreage As required by the London wheat agreement. But the same department making the threats also made the estimates and the deduction is that the surplus is a bogey. From Europe came reports of blistering heat taking further toll of the crops while in Western Canada a drop in crop conditions was indicated and in favourable reports came from sections where the crops were believed to be very Good. Par off Australia furnished another piece of hot when Broom a s australian agent forecast the new crop at 115 million bushels compared with 160 millions last year aha. 210 million bushels two years ago. Y even Manchuria is not escaping readjustment of Supply to nature s demand and a. Poor crop Outlook is indicated also from that Quarter. What a picture for the Bull forces to behold but whether from cold feet or Lack of of times they have disappointed. _ perhaps it is Well that a bullish orgy has not developed. The world is not yet famished for supplies. Can Ada for one has an abundant Supply of surplus wheat on. Hand and a new crop of sorts in Trie making while Argentina has still some 80 to 90 Mil lion bushels to dispose of before reap ing another crop. It May be that a year hence the surplus that has Hung so heavily since 1929. Will have dwindled to a Shadow of its former self but that does not mean a famine is in the making. The world can go along for a Long time yet on the apparent available Supply and it would be fool Hardy for Export countries to hold out for fancy prices of Long As they have More than a Normal surplus on band. As suggested in these columns a week ago the big Canadian holders Aru not anxious to let the Market run away and there was evidence the past week of Liberal Selling of futures by the government operators when prices appeared to be getting out of line with competitive cheats. It is currently calculated that the government Agency Lias at least a profit of or country women by including the proposal about their concurrence with the above views Vas expressed by Many other country members of All parties. The deletion the clause was Welcome to those hard working country women who no less than their husbands often Coll All Day and fair into the night n an Endeavor to make their forms Jay. And in Many cases provide the Are necessaries of life. Severity work. It is Seldom that two horses in. A. Team can be fed exactly alike As some horses Are easy and others hard re Quiring considerably More Grain ant for the same amount of work. A Good practice in feeding horses hat Are doing medium to hard work s to allow a daily ration of one found of roughage and. One Pound o rain per 100 pounds live weight. A gallon measure will hold roughly our pounds or whole Oats six pounds 3f whole Bailey and seven and one Alf pounds of whole Wiiest when horses Are on Light work or Parl Ime Idle the Grain lat lon should in Cut Down at least a. Half. A Good Ilan is to feed work horses on Satur a nights a mixture of inert hard Jan. And two thirds Oats or other brain when Grain alone is fed. Lack f exercise and continued heavy feed no Are two of the greatest enemies f the work Corse. At the Dominion experimental Tatlo a Lacombe Alberta the work horses Are turned out on. Ture at night during the summer. The mangers Are filled with Hay arly so they can eat what they like before being turned out for the night of Only does the grass provide us Cylence which tends to regulate and have a tonic effect on the sys pm but it decreases the amount of Lay needed and eliminates the eyes sly of bedding and cleaning the tall each. Day. Inked states imports danish land race pigs the United states department of agriculture has imported 24 head of Andrace and six head of Yorkshire is from Denmark in addition to he two land race boars and four its which Are now at the Iowa. Experiment station. The pigs Are for per mental purposes. This ins Titu lon co operating with the department in an. Attempt to discover n what Way if any these pigs Are Superior to the Stab Alsed Breeds now n the country in producing Bacon and pork products. Uberta specializes on local Field Days signalized by a great increase in interest among the Farmers of the the newly instituted plan of Field Days among the. Arlous agricultural authorities is now under Way in Alberta. The. Co ordination is carried out by an official of. The provincial department of agriculture working with the fed eral and provincial officials various breeders associations Grain concerns Etc. Already some 27 Field Days have been held this Spring the bulk of which have been on livestock matters. They have included meetings held under direction of department for promotion hog. Policies and general of Bacon improvement and by the Fedt fal Ern ment officials experimental farms and Breed associations. Two of. The Field Days were in the nature of. Junior calf club Grande Prairie and Lacombe. There was a Holstein breeders Field Day at la Combe experimental farm and one of. The provincial farm at Oliver and several shorthorn Field Days including a picnic at the up ranch. The illustration Branch of the Federal government has held six Field Days in the interests of its work. Four rancher Farmer Field Days were held at Points in Southern Alberta and special Bee keepers Days were also held. In july there will be a number of breeders Field Days and also a num Ber of poultry held Days arranged by the provincial poultry Branch. In co operation with the various accredited flocks associations. Two of these have already been held at Lethbridge and Brant in the and others Are scheduled for Daysland july 25, inn Small july 26, and Taco be on july 27, in co operation with the la Combe experimental farm. A Large poultry Field Day will be held at the provincial poultry farm at Oliver july 31. August will be devoted to Grain and Field Days arranged by the provincial Field crops Branch the Federal seed Branch the Federal land settlement. Board and the Searle Grain company. All. Field Days thus far been Well attended. The Farmers Are showing a very keen interest and a Strong desire for information of All kinds. Attendances As High As 250 Are recorded at some Points. Canada eats less australian farm wives not taxed often Best managers Hawkins. Says Hon. When the Farmers assistance Bill first came up Lor discussion. In aus Ralia it contained a clause to tax the come a Holcli Farmers. Wives made rom sidelines which Many of them important dates to remember Only meeting1, Manitoba c.s.gj., Morden Man. A class july summer sex Newtion. July summer sex Mutton Only 30-aug. Summer exhibition. A class Junly Efti oltion. Tor ton sask. July exhibition. Me tort sask. July exhibition sask. Ahja. Indu trial and agricultural Kerr Park Winnipeg Man. Although the population of Canada. Was greater by in. 1933 than n 1930, less beef Mutton butter cheese and eggs were consumed pork alone in 1933 showing an increase of just Dyer a Pound and a half per head of population. According to the Estima Ted consumption of these commodities from 1030 to 1933, there was a gradual decrease Wilh. The exception of pork through out these years beef declining from 65.77 pounds per head of population to 57.92 in 1931, 56.02 in 1932, and 56.09 pounds in 1933. Sheep and Lamb showed a rally in 1931 Suid 1932 but declined in 1933 below the 1930 level the figures being 8.92 pounds per head in 1930 t.04 in 1931 8.97 in 1932, and 8.32 in 1933. The fall in the consumption of poultry which included chickens turkeys geese and ducks ran As pounds per Jeaa in 1930 10.88 in 1931 10.69 in 1932, and 10.68 in 1933. Butter from 30.59 pounds per head to 30.04 in 1933 cheese 3.63 pounds to 3.30 pounds in 1933, and eggs 24.93 dozen. Per head to 21.45 dozen in. Of which. 72.92 pounds per Nead was consumed in 1930, jumped 83.47 in 1931, and 85.61 in 1932, but de creased in 1933 to 74.58 pounds per head but still a Pound and a bait to the Good compared with 19311. Again Heads episcopal Church. London ont., july j. I. Dawson St. Catharines was re elected general superintendent of the British. Methodist episcopal Church in. Canada at the general conference the cd Torch Here. B3s supporting executive includes Rev. E. A. Kichard son Toronto general Secretary f. General treasurer Bev. T. H Jackson London president of financial Board and eve. A. B. Plummet of Brantford Secretary of the Board. The general conference special committee is made up of revs. E. A. Richardson f. O. Stewart c. A. Johnson and messes. John Cag and of. I ;