Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 13, 1937, Winnipeg, Manitoba Winnipeg free press tuesday april j 13 1537. Page fifteen. Monday s livestock produce break on Ives of Selling ice of support 3ihs and weakness overseas factors in 7 to 3 5-8 cents lower Grain Exchange Winnipeg april 12. Reports of fairly general Winnipeg open High May 146y8 july 140% oct. May 124% july 58y4 oct. 52% May 80% july 75% oct. Ins in Manitoba and sections the Spring wheat states Wash out recent gains in wheat ices on the Winnipeg Grain change on monday with Alues closing to wer and May quoted l425s. Waves of liquidation support lacking during the session with the weakness overseas markets contribute l to the decline with prices dosing at their lows. Prices declined More than a cent opening and Selling gained Omentum with pressure from and Eastern interests in Tidence there was Little support t this stage and prices entered the order Range bringing out liquidation with a result hat values were Down More than w cents in the last hour. Sea or ref May july oct. May july oct. 191% 189 112% 61% 52yab 80% 67% 191% 192 189 116% 112% 95% Low 142% 59% 56y4-a 50% 77 72% 187y8a 185 a 114% 110% close april 12, 1937. Prev. Close last fear 147% 59% 56% 50% 77b 63a 115 61% markets at a glance wheat quotations monday april Winnipeg close to lower Liverpool close lower. Buenos Aires 3% to 3 cents lower. Chicago close to lower. Minneapolis 3c to lower. Rotterdam close a to a lower 192% 117% 113y4b Chicago toward buying was of a minor Char with Only around of Canadian wheat report for Export Over the a Eek end. Tii Cago and Minneapolis showed to the downward trend went into a rather decline in later dealings. Earlier crop and weather news from the Southwest included reports of dust forms at Points in Kansas and Nebraska with scattered showers forecast Over much of the Belt. A bearish Factor in the . Situation however was the favourable seeding conditions prevailing in the Spring wheat states with further moisture reported. The Uncertain political Situa Tion in Europe gave Liverpool 3 firm appearance at the open ing with the Small wheat ship ments to the United kingdom and the strength on North american markets on saturday sectors in the Early gains of to slow demand for actual wheat however checked the Advance and prices finished list lower. The action of the Buenos Aire Market however added to the Bear ish atmosphere with prices slump ing sharply after a firm opening values at noon were 2 a to 2% lower. The weakness at Bueno Aires was unexplained particular is reports said that the argentin government would probably restrict exports of wheat. Statistical news had a bulls Ting Urith Broomhall intimating that the estimate of the world s wheat n quire ments of 568 million Bushe Jor the season might be increase 64 million bushels if the presen demand continued. World the shipments for the week at bushels were slightly above la week s clearance with nor american wheat consignments mos 1? Canadian origin placed at 5 bushels compared with 2 bushels for the previous week. This total included imports o Canadian wheat into the . Wheat taken in at country Points in Western Canada sat urday totalled bushels compared with on the corresponding Day last year. Trading in Cash wheat and coarse grains was extremely Dull and in interesting. Odd cars of wheat and Oats changed hands and it was inti wed that spreads on certain grades s wheat would ease at the close. Trading in the coarse Grain pit was pretty much local in character. Easiness in wheat and foreign markets brought out moderate offerings my As support was noticeably light1 prices sagged rather easily. Liverpool futures Liverpool wheat futures close per 100 pounds monday saturday May 10s 10s 3vsd july 10s Ovid 10s 2vsd october 9s 3jad 9s 5vsd these prices converted into Canadian bushels and Money at 9-90. Monday s approximate Exchange rate Between Banks Are As follows saturday s quotations converted at a rate of open High Low say 139% 137% Aly. 125% 125% 123% ept. 122 122 119% ild May ild july 117% few May 131. 129 few july 122vs 120% Tew sept. 111% 110 50% 49% 47% 46vs kept. 43% 42% 117 117% 116 uly 108% 108% 107 sept.98% 98% 96% May close april 12, 1937. Prev. Close 139% stocks in terminals 126b 117% 129% 110% 46% 42% 116% 107 a 96v2b, 128% port William and port Arthur week ended Friday april 9. Wheat totals last week previous week last year wheat shipments previous week last week last year wheat 1 hard. 1 Northern 2 Northern old 2 Northern 3 Northern 4 Northern no. 4 special no. 5 no. 5 special no. 8 no. 6 special peed 1 c. W. Garnet 2 c. W. Garnet durum late flashes on crops stocks of Canadian wheat in the East Are disappearing and no. 2 Northern at new York is about the great lakes Are and exporters have wheat to Montreal z3. Countries of origin world wheat exports i held cot wire service week ended saturday april 10. Last week Prev week 1936 n. America Argentine. X2.004.000 australian. India Black sea. Others 112.000 200.000 50% 43% a 109a 98% 78 a White Spring others mixed wheat private elevators special Din Oats 2 c. W. White 3 c. A. Special feed sex. 1 feed 1 feed feed. Feed. Las Tyr. Elevators s7.275 Minneapolis open High Low close Way. 143% 141a 141% uly 137% 135v8 135% 127v4 124% 124% april 12, 1937. Prev. Close 128yb Minneapolis Cash wheat april 12 no. 1 dark nor., 58-60 ibs., 14% protein. April 10 Liverpool Liverpool april quotations supplied by Broomhall today. All prices Are Cost insurance and Liverpool. Per bu., can. Money 2 3 ethers private. Total. Barley 2 c. A 6 Row 3 sex. C. A. 6 Row 3 sex. C. W. 6 special acct. Wight. 3 sex. C. W. 2 Row 3 sex. C. W. Trebiz 3 c. A. 4 c. A. 5 a. A. 6 c. A. Others private elevators special bin total. Plax 1c w 2 cd. 3 c. A. 4 c. A. 33 others 7.713 total Bye 1 c. A. 117.516 965 sat. Mon. No. 1 Manitoba Northern Vancouver afloat. No. 1 Manitoba Northern Atlantic shipment 166% 165 no. 2 Manitoba Northern Vancouver. Unquoted no 2 . Hard Winters Gulf shipment mid-august., no 2 Manitoba Northern Atlantic shipment 166% Argentine 63% ibs., shipment june. 153va West australian wheat afloat 154% australian wheat shipment May. Yipu a Indian Karachi wheat new june. 148% quotations from the various countries have been converted from their values in Sterling to a basis of Canadian funds at monday s approximate Exchange rate Between Banks. 148% 163% 154% 155 150% 147% depend on the direction of the wind and the thickness of the ice at the Soo. At the present time the ice is still thick. Santiago record High Cost of foodstuffs has moved the government to adopt severe penal ties against speculation hoarding and1 excessive exportation. Com Missia Riatt Laws will be applied it s believed to curb prices. The Urther Export of wheat and other grains will be checked. The government contemplated important purchases abroad Liverpool. Wheat opened higher on monday influenced the Advance in North America at the close of the week the uncertainty of the european political situation and Small shipments to the United kingdom. 4 the Advance was checked however by slow de Mand in the United kingdom and on the. Continent for actual wheat. Hur Nania has stopped exports of wheat until a Check up on remain ing stocks can so that countries cannot get delivery of he rumanian wheat they bought. Italy according to Broomhall has a Trade agreement with Rumania a great Deal of cereals. Antwerp and Rotterdam purchased a lot of. Wheat in March. Spain was also inquiring for this wheat last january besides Germany contracted for tons. On feb. 5 the wheat realization office said that Only bushels of sur plus wheat would the fulfilment of present contracts at the same time Grain firms reckoned that nearly bushels could be sold for Export from that time. Permits already granted shall be allowed to stand states not included. To the United Grain inspection wheat cars inspected april 10, 1937. Gride Sprinz. 1 Manitoba Northern 2 Manitoba Northern 3 Manitoba Northern 1 Manitoba Northern no. 5 r. No.j8 c. W. Ergot others 231.253 541.18 3.20 1.812 Oats Barley shipments by 47.8b Vancouver wheat monday april 12. Cash wheat no. 136% 136% 133% 12678 124% 118% straight Tough 1 hard 138% no. 1 Northern 133% no. 2 Northern no. 3 Northern 129ja no. 4 Northern 127v? no. 5 wheat to. 6 wheat feed Vancouver april 12. Grain and freight Market Stilt continues practically inactive bushels were for Export with three ships taking bushels. Elevators received bushels with 106 cars in terminals and 68 in transit on . Divisions. Stocks were including wheat. Weekly statistics Winnipeg Cash prices store at fort William and wheat no. 1 hard no. 1 Northern no. 2 Northern no. 3 nor 147% age and Only 73.8 per cent of nor Mal a total production of approximately 656 million bushels was indicated. This crop if realized would be about. 33 million bushels above the 1928-32 average. Conditions at the first of april indicated an abandonment of about 17 per cent leaving acres for Harvest compared with the five year average of acres. Some improvement in prospects has occurred since the first of april As a result of Milder weather and favourable moisture conditions. Re cent snows were decidedly beneficial in the Spring wheat Belt and top soil moisture in most of the area is now sufficient for present needs. Fields in some. Sections Are still too wet for seeding with the season getting rather late. British Bacon prices Canadian Bacon in great Britain for week ended april 9 was quoted at 79s to 85s, danish at 92s to 95s, Irish at 90s-to 96s and Baltic at 79s to 86s. Atchison Giddings bikes wire week ended saturday april 10. World shipments last week Prev. Week wheat Corn Oats Barley Rye North America 1936 no. I4 special j 78 67 98 2 1 3 2 smutty 2 is 2 2 1 1 Good rejected 2jamber durum 3 Amber durum i 3 mixed wheat total cars wheat. Cars of contract wheat coarse grains 2 . 3 . Sex. 1 Reed. 1 feed 2 feed Tough 22 15 1 36 total ears. 15 total ears six Row no. 3 sex. . Six Bow no. 3 . Special 4 5 . Tough. 49 total cars. 4 by 2 . Total cars grand total cars 365, movement by roads 889 c.p.r.154. .164. N.alh.47. South St. Paul markets South St. Paul april 13. Clos ing cattle quotations on. Monday steers s50-900 Choice common steers big. According to Heuter s patches. London Des steers Choice i. .511.50 9.50. 7.75 6.00, 12.25 9.50 7.75 6.00. 13.00 j 111.25 8.00 Thern Barley wheat Corn Oats Barley wheat Corn wheat flour wheat afloat to Europe Liverpool 995.000 United kingdom arrivals arrivals of wheat in the United kingdom during the past week were moderate continued Large in continent. Passage figures did not increase despite the Large world ship ments of bushels. Although Broomhall has not definitely sent his estimate of world taking from he suggests that it May be necessary to increase his Esti mate by if the demand keeps up. Reports indicate that the Rains were fairly general in Manitoba particularly in the portions Over the weekend. Dauphin reported .46 of an Inch in the past 43 hours with Pierson getting -.42, Rdea .40 and Russell. .10. Estevan reported .10 of an. Inch. Closing Cash wheat spreads Mori Day showed 3 and 4 Northern easier a Urumqi 2 better while nos. 5 Andi were 3c worse than the previous closing differ Good medium steers Choice j 2.75 Good 3.0.25 Choice Good. 8.75 common Anit medium fi.50 heifers Good to 9.00k, common anti medium 3.50 Good to Choice .1. 6.50 s13.25 9.75 8.00 14.25 12.50 9.75 8.00 10.50 9.00 12.00 7.50 Stocker and feeder cattle steers Good to Cosci .e.5tl 8. Common and medium 5.00 5. St hers Good to Choice 7.00 9, coir Mon. And medium 5.25 7. Wheat com Rye Barley United Stales visible 16 272.000 9308looo showers and dust storms in Southwest a. P. White wire service Chicago april re ports indicate mostly Clear with moderate temperatures Over domes tic Grain Belt. Some scattered show ers reported in Western sections during night. Some dust storms sunday in Kansas and Oklahoma. Wheat freight rates Lake Bate per Bushel port William to Montreal. 4vri port William to Buffalo 2 fort William to port 2 i port William to georgian Bay ports 2 fort William to Duluth. Fort William to Michigan ports2 to Ocean Rales Montreal to United kingdom. 8% to. Montreal to Antwerp Rotterdam. S is it real to United kingdom 9vi to 10 Montreal to Antwerp Rotterdam Vancouver to . 17% Vancouver to Antwerp Bot Terdan Vancouver to Greece -11 navigation is Well under Way at Sault Sault Marie ont., april 12. Day before the offi Cial opening the 1937 navigation shia san was1 Well under Way Here today As workmen Al Algoma steel unloaded Coal from the first two enter Soo Harbor. Six Ting steel Trust boats Are expected in from Lake Huron during the Day. The and alg steel of the Algoma. Central lines pulled in last night behind the ice breaking car ferry freighters tied up for the night above the Michigan Soo and the Waw Atam headed up the St. Mary s River to break the last ice Barrier along. The great lakes system. The lower River was cleared Mon Day when the Waw Atam went to the Aid of the1 tugs of Ivorite and Iowa together the crashed through a Field thick. Livestock markets Dominion livestock Branch Union stockyards Winnipeg and St. Boniface april at the Union stockyards Over the week end and up to nine o clock monday morning consisted of 7501 calves hogs and 5 sheep Choice together cattle and 400 lambs on through Billing. There Are orgy two cars of Stock in sight to arrive by rail with mod Erate deliveries expected to come off trucks. The run of cattle for the initial session of this week was on a some what smaller scale compared with the receipts for last monday which no doubt will prove in favor of the the advices coming in from the South monday indicate fairly steady Trade at St. Paul and Chicago recent shipments to the South have netted Back rather unfavourable re turns and local operators Are not disposed to take on cattle very freely As prices Here Are still considered out of line to permit of a profitable shipping Market. Consequently the higher priced end of the steers included among the arrivals monday will Likely share in a rather indifferent 1rade and will sell no better than at the close of last week. Eastern markets firmer there appears to be a Little firmer tone to the Trade in the East which will reflect to somewhat better advantage in. Our Market Here and from All appearances most killing classes will be taken up at fully steady rates with spots in the Trade possibly taking on a Little added strength. A few of the Best steers which sold Early monday morning went into killers hands within a spread of to sales at the latter figure were not very numerous and monday s crop of steers is expected to Cash mostly downward from there were a few Good Export cows sifted out of the arrivals Cost ing around the Mark with the fair to Good end of killing cows drawing bids from to and plainer offerings in the class being Saleable downward from hogs Are unsettled there were very few Early sales recorded in the Stacker and feeder division of the Market during the first rounds monday morning thees classes were rather lightly represented and anything suitable for replacement purposes will Likely be taken up at reasonably firm rates. Tie calf Market if anything was a Shade firmer under smaller deliveries and Good hand weight dealers made from to and Plain to medium calves from the hog Market opened up generally unsettled and up to a late hour monday morning no definite Price was established. A few loads of hogs to fill out orders for the East Drew bids at for Bacons with local. Packers holding then bids at for the balance of unsold hogs. Heavy feeders were priced up to and sows around of canadians on offer. Chicago. Cati Jle Market mostly steady five cars of canadians on markets services Union stockyards is. Boniface Man april 12. I receipts cattle calves 750 toss Steen up to Ammon. Over Choice i. Good medium 6.03 7.001 i 3.50, 7.50 8.001 6.50 6.09 3tgo 4.50fb t Choice 6.25 Good medium common fed calve Choice Good medium Good medium common canners and cutters bulls Good common. 5.00 3.75 3.00 6.00 4.751 3.50 j 7.50 8.5b 6.00, 7.00 5.00 5.75 4.25 3.00 2.50 1.75 3.00 2.25 Stocker and feeder 4.00 2.75 5.00 4.00 2.75 2.50 3.75 2.76 5.00 3.30 2.75 3.50 i 2.00 2.50 20.00 45.00 Good common Stock cows and Good common milkers and springers veal i Good and Choice 5.50 fi.50 common and medium 3.00 5.00 select Bacon 1.00 or. Head Premium Bacon 8.25 8.3s butchers discount heavy. 7.75 extra heavy 7.00 lights and feeders 6.00 sows. No. 1 sows no. 2 boughs Stags Good hand weight 6.75 6.75 5.00 3.00 _ 8.50 Good heavies 7.00 common. 5.00 6.50 2.00 2.50 1.50 Bucks Sheet Good heavies Good hand weight common 7.00 7.so 6.75 6.011 4.00 8.75 7.50 8.00 5 7.50 5 2.00 3.00 5 1.50 St. John shipments St. John n.b., april 12. Wheat on hand Here monday amounted to bushels. A total of bushels was loaded during the week end for shipment from Here. Representative sales reported up to 3 o clock monday. Strong weight steers s 6.50 6.00 j 7.00 5.50 i hand weight attain a steers i 970. 7.30 940.7.25 7.00 920. 7.00 940. 6.75 b.50 940. 6.50 960. 6.25 6.00 5.75 5.50 920. 5.50 930. 5.25 900.5.00 950. 4.60 yearling Steebs and heifers i 640.6.50 j 650. j 690. 5.00 6304.bo 900 6.50 6.25 6.00 3 890 6.00 3 940 5.75 4 960 5.50 due to the Lack of arrivals on the sheep and Lamb Market the Trade Early monday was More or less at a standstill and reliable quotations were no established. Outside markets cattle Early sales firm. Cows Down. Few top butchers around heavy steers up to hogs Indi cations about steady. Sheep and lambs no Early sales. Cattle Market steady to firm. Steers from to heifers Strong at to few Choice Butcher cows 3 to canners and cutters to 3. Bulls 33-25 to calves 510 stronger com Mon and medium few Good Veals to hogs Bacons fed and watered. Sows to South St. Cattle mar Ket generally steady. Good Cana Dian steers held around Best cows above Twenty six cars 8.50 8.50 8.50 3 820 8.25 8 680 8.00 7.50 690 7.50 Botcher heifers 6.50 s 5.25 f Rijou 1 4.75 i 4 900 4.so i 4.25 3 870 4.00 Butcher cows 2 1320 5.00 4.00 5.011 11so. 3.75 4.78. 3.50 4.7.1 3.15 4.50 4i25 _ _ canners and cutters f 2.75 10so. 6-Rijoo 2.50 4 980. 2.00 2.50 1.76 2.25 3.bo 3.00 3.-Io 3.40 3.35 3.25 3.00 stickers and feeders 4.75 850. 4.50 5 640 4.35 10 670 4.00 6 690 3.w calves 12 210 6.so 35 140 6.bo 6.25 22 180 6.00 10 130 5.50 5.00 select hogs is per head Premium. 210 8.3s 210 8.25 2.75 2.75 2.75 2.50 2.50 3.50 3.28 .1.00 2.75 4.50 4.00 4.00 .1.50 3.00 8.25 200.8.35 20. Bacons 210.8.35 200.8.25 200.8.35 190.8.25 190.8.35 butchers is per head discount. A.2j 8.35 190.8.25 heavies 270. 7.85 mo.7.7i 7.85 250. 7.75 250. 7.85 extra heavies 7.00 7.00 lights and feeders 160.7.50 140.7.00 Iso .7.50 j40. 6.76 130.7.25 6.50 sows 6.7s 6.70 continued on Page 17 4 Northern 124% no 6 wheat. Feed wheat no. 1 Garnet. No. 2 Garnet Ilia no. 1 hard no. 1 Northern Tough no. 2 Northern Tough no. 3 Northern Tough no. 4 Northern Tough no. 5.Tough no. 1 Northern smutty no. 2 Northern smutty no. 3 Northern smutty no. 1 Amber durum no. 2 Amber durum no. 3 Amber durum no 4 Amber durum no. 1 White Spring no. 2 White Spring no. 3 White Spring no. 1 a. R. A. 141% 138 a 131v. 131% 148% 140vs 137% 126% monday May 1.48% october 1.36% saturday 1.49% 1-38% Buenos Aires prices close sharply lower Broomhall special to the free press Buenos Aires april wheat Tures closed 3 to 3v4 cents on monday Wych May quoted and july at flax were 2vt cents lower with at 1.32v4 and july 1.33. Liquidation was credited to the track basis no. 1 n screenings per ton no. 2 . No. 3 sex. 1 feed no. 1 feed no. 2 feed no. 3 feed track. Malting 6 Row sex. 3 . Sex. 3 . Special 2 Row sex. 3 other no. 3 no. 4 no. 5 no. 6 track flax no. 1 . No 2 no. 3 . No. 4 track 129% 124% 123% 138% 135% 134% 134vi 129% -1 i investment All the would respects 16.00 16.00 60 a 58v4 55% 50 59% 76 a 187 i 183 prospects now prevailing lathe United states and easier can Cash premiums. Export de was at Low ebb. The Corn movements increasing and the father is Clear. Cau Fob tenders Fob Bonds of utilities . Tenders will be received by the in up until noon of the 27th Day Jia pril 1937 or the Purchase of 20 first mortgage 6% leasehold sink of fund Gold Bonds series due 15 94b of the above mentioned to the extent of or s3 part thereof in its bands proceeds re we of part of premises mortgaged said Bonds. Each Oher will be deemed to include interest and to be for the whole or any. Part of the amount offered at specified in the offer. Delivery and unless the offer otherwise 62% 60 a 60 vex 60 73% 80% 192% 188 156vi 192 117 117 113 a 109 a 107% 117 now costs you less of stepping Washington official Grain Market review Washington d.c., april 12. Spe Domestic Grain markets were unsettled during the week ended april 9, with wheat Down 2c to 3c per Bushel and Corn at the highest Leyel in More 10 years Anu a ideas tic Pressly states payment therefor funds to be made at the of ii it be trustee Toronto Canada. N lowest or any tender not a in Toronto this 6th Day of chartered to test and executor company 34 Kine Street West. Toronto. Hundreds up to Mclaughlin Buick this year Ana that s not surprising when you think it Over. For to the Many who have longed to own a Mclaughlin Buick today s Low prices spell the answer to their dreams. And never before Mclaughlin Buick ownership been so Fine an in the very Best things of motoring. Here at prices to suit your liking Are advantages no amount Money could before. New uni steel Turret top bodies by Fisher smartest and safest in the world. Improved More powerful engines. Safer More responsive tiptoe Hydraulic brakes. Greater knee action Comfort jumbo Luggage compartments. And the modern perfection of Mclaughlin Buick s famed torque tube drive sealed Chassis. Make your next new car Purchase an investment in More and better see. And drive the Low priced Mclaughlin Buick today. Smti49 j 38-Inch 131-Inch wheel butt sum 46 Stria 44 122" . New according to the weekly Grain Market review of the Bureau of agricultural economics. Wheat turned weaker despite firm foreign with improved prospects for Winter wheat and More favor Able moisture conditions for Spring seeding the principal weakening influences. Domestic wheat markets moved More independently of foreign markets than in past weeks with new crop prospects the dominant in fluence. While the condition of Winter wheat at the first of april was about live Points below aver Western car co., Corner edmo Tori Street ariia., Graham Azemie phone 86 335 priced from series with it a Miry oth we ont. Government liftoff . Pricor Nti Jet to without to fit your using of them Onri insulin it Flat ;