Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 21, 1937, Winnipeg, Manitoba Winnipeg free press wednesday april 21, 1937. Page fifteen. Tuesday s Grain livestock produce moisture in d. S. Erases Early 1c Cains in wheat slant future leads decline Export and foreign buy in uncovered Grain Exchange Winnipeg april 20. Moisture in the Spring wheat was of the United states and sections of Manitoba weakened local wheat prices in the late trading. Tuesday. Mid session Winnipeg pins of one cent in the nearby open May july 132% oct. May july oct. May july oct. May july oct. May july oct. Iso High 137% 134% 121% 58% 47vab 71b 67 59 a 180% Low 135% 131% 57% 53% 46% a 68 65 close 136% 132 Esb 58 47a april Prev. Close 136% s-1937. Last year markets at a glance wheat quotations tuesday april Canadian clearances 20 58% 55b 178 111% 91 178 169% 92 a 177 177a 111% 105% 90% a 179b 179vi 177a 71 67 a 60b 179 a 180a 178% 32 108 106 91 a 153b 42y2b futures were erased and final were Vic to lower for the Day with May the Market started out easier Vine to declines at Liverpool but lengthened later on Good buying he exporters and foreign interests. Bulk of this support appeared he the covering of sales made monday As Export business worked overnight and during the was estimated at Only throughout were Lair us. Mill Arth invest the session in Active with Mills and invest ment interests offering support while Southern houses were both sides of the Market. Chicago open May july. 120% sept. Old May. Old july 116% new May new july new sept. On con inter Market and local spreading was also in evidence. United states Market climbed to Register Good gains in the test halt of the session but eased from line highs in the me stages on the confirmation o rain and Snow Over most of the Spring wheat states. Liverpool lost Early fractional owing to a let up in the de Mand for actual wheat. Later however the nearby position firm 1 and final quotations were a higher to a lower per 100 pounds. Buenos Aires prices slipped at the opening apparently in sym Nathy with the easier trend at Liverpool but by noon values had recovered More than one cent from the lows and were Only vac to a lower per Bushel. Deliveries of wheat from Western farms an monday to talled bushels and showed a rather Sharp decline from the previous Day s Load Ings. The marketing Eom pared with bushels for the same Day a year ago. I the Cash wheat Market did not show much activity on tuesday i although business in one and two j Northern was reported. Spreads on one Northern were is cent i higher at one time but an easier i trend was in evidence in later j grades. With exception of some i Southern demand for six Row bar i by there was Little doing in the i coarse Grain Cash Market. It was 1 reported however that Rye had been worked for Export. Pit trading in coarse grains was o a routine character. Fair buy ing in Rye came out with strength i being shown by this commodity. Barley encountered some Liquida sum and other coarse Grain fun Tares fluctuated in sympathy with i wheat. May july sept. May. July sept. May 108% 109 41% 109% 104% 95% High 121% 118% 127% 129% 119 109% 50% 45% 41% 112% 105% 96% Low 132% 120% close april 20, 1937. Prev. Close 133% 126% 526% 117% 108% 49% 44% 40% 109% 103% 95 116% 128% 41 a 111% 105 127% 108% 45% 41% 110% a 104% 96mib Minneapolis open May 136% july 131% sept. 124% High Low close 138% 136% 337% 133yg 131% 131% 123% 12334b Minneapolis Cash wheat april 20 april 20, 1937. No. 1 dark nor., 58-60 ibs., 14% protein. Prev. Close 137% 132% 124% april 19. Liverpool Liverpool april 20. Quotations supplied by Broomhall today. All prices Are . Cost insurance and Liverpool. Per by. Can. Mone tues. Mon no. 1 Manitoba Northern Vancouver afloat unquoted no. 1 Manitoba Northern Atlantic shipment May. 155 no. 2 Manitoba Northern Atlantic shipment May 153% no. 2 . Hard Winters Gulf shipment mid August. 146% Argentine 63% ibs., shipment june. 141% West australian wheat 141% australian wheat shipment May 140 Indian Karachi wheat new shipment june. 138% quotations from the various countries have been converted from their values in Sterling to a basis of Canadian funds a tuesday s approximate Exchange rate Between Banks. 153v 1523 148 138v 140 138 Nel red Iny Grain inspection wheat can. Inspected monday april 19. 1937 Spring when Iman. Sard j Iman. Nor. Man. Nor. 3 Man. Nor. 1s4 1937 3 177 1936 Man. Nor. No. 5 no. 6 feed no. 4 special 5 special smutty Tough rejected no. 1 Garnet to. 2 Garnet Tough Garnet other Garnet 2 am. Durum 3 am. Durum 1 am. Durum Winter wheat Tough 10 3 1 1 3 32 4 4 8 it 1 suit me air of ions Pon sted anal rate dras Pter Trie ice b. 10 1 11 total cars wheat 539 can contract wheat 480 coarse grains . 3 c.1v sex. 1 feed 1 feed 2tcki Lough total cars Barley six no. 3 sex. no. 3 . Special 3 . I e . Tough total cars 2 Canadian exporters buying Back wheat in store Buluth Duluth april 20. Special Canadian exporters and representatives of Large overseas Grain firms Are purchasing Canadian wheat in store at this port it is also freely rumoured that these same interests Are. Inquiring for the better grades of Manitoba situated at Buffalo. This is an unexpected action As practically All of the Canadian wheat situated in United states elevators is reported owned by United states Millers and was Pur chased in the Canadian Market last fall and moved to american ports prior to the close of navigation on the great lakes. The wheat is wanted for movement in the near future to the Seaboard to fulfil Export commitments. The Quantity to change hands so far has not been Large. Last week however close to bushels of no 1 Northern in store at Duluth were re sold to the purchasers. Nos. 2, 3 and 4 Mam Toba Northern were also1 in demand but Only minor amounts of these grades Are available and to Date no business has been confirmed. A Large share of the wheat held in United states Lake ports a american interests was Bough when prices were below the Mark for the Best Grade of Dian wheat i store at fort Liam despite shipping storage charges is being re sold a a profitable Liverpool futures Liverpool wheat futures close per 100 pounds tues. Mon. Way 9s 5d uly Gss Vad october these prices converted into Cana Dian bushels and Money at tuesday s approximate Exchange rate Between Banks Are As follows monday s quotations were converted at a rate of total cars 10 2c.w. 3 3 . Total cars 11 grand total cars. 61s Winnipeg close to a Etc lower. Liverpool higher to a Iwer. Buenos Aires close to 2c higher. Chicago close higher to cower. Minneapolis close a higher to c lower. Rotterdam close 34 to 1% lower. Ate flashes on crops and markets new York wheat sales tuesday included two australian wheat parcels to Antwerp with one cargo Jan Tobas to Rotterdam. There was Iso a Good Trade in Manitoba and wheat parcels to the Cor Ding to reports Here. Kansas City Kansas state Board of agriculture bulletin says wheat condition declined last week in Western and some South Central counties due to wind damage and moisture shortage wheat about held its own elsewhere although sur face getting dry and rain fall needed Iii Central and North Central of new sales of Mani Obas in All positions finally placed it or More on monday. The u. K. Was the Best buyer. There Ivere sales also of Manitoba to Italy Antwerp Rotterdam and Ireland. Export sales of Canadian Rye on sat urday and monday approximately with Germany the buyer. Chicago april 20 according to Oklahoma City press dispatches scattered showers soaked the parched Oklahoma Panhandle coun try monday night As heavy winds whipped a Texas rainstorm into the South Central portions of the state. Heavy downpours at Woodward and Goodwell in Panhandle. Southwestern Manitoba and Southeastern Saskatchewan were favored with showers overnight it was indicated on tuesday. Pier son and Boissevain reported .60 and .58 of an. Inch respectively while Morden got .10. Kipling sask., received .30 of an Inch of precipitation the forecast suggested that Snow or rain of a scattered nature increase week april 16 fort William april 21. Over seas exports of Canadian wheat were bushels to which Are added imported into the United states making a grand to Tal of bushels for the week ended april 16. This compared with bushels for the same week a year ago. Overseas during the week Troi can. Pacific Seaboard ports can Atlantic Seaboard ports. Atlantic Seaboard ports total imports into wheat Only grand total overseas shipments a week same ago August 1 to april 16 same period a year ago grand total shipments overseas plus .a.-imports a week ago same Sweek a year ago August-1 to april 16 same period a year ago world shipments wheat and flour Buenos Aires wheat prices score gains Broomhall special to free press Buenos Aires april 21. When future prices closed 2% cents to two cents higher tuesday with May. And july flax closed 2% cents to two cents higher with May at and july a Argentine . Quotations advanced and Are now quoted a including duty. Broomhall agent estimates the remaining exportable wheat surplus As at apri 20 at bushels. Rains Are needed for Early germination. Might develop Over the three on wednesday Prairie provinces May tues. 1.38% july 1.36% october. Mon. 1.38 1.37% 1.29% Canadian wheat visible drops 3 million bushels total now Canada s wheat visible Supply decreased by three million Bush Els for the week ended april 16, to total bushels com pared with week previous and a year ago. The figures of the Statis tics Branch of the Board of Grain commissioners for Canada follow stocks in store wheat Western country elevators bushels. Cash prices quotations int pub. And Semi pub term. Vancouver hew Westminster Prince Rupert Churchill it. Wiliam it. Arthur elves. Eastern Lake ports. Eastern elves Montreal sorrel three Rivers Quebec Eastern elves Halifax St. John. . Lake ports t7.s.a. Lake ports storage afloat .a. Seaboard ports in transit Lake in transit rail 53 5 10s5 Liverpool futures show erratic close fwd. E. Reid co., ltd., wire Liverpool april cables As follows wheat future prices opened fractionally higher i to firmer Argentine shippers oilers. Values eased later How 1 Ever owing to a quieter demand i for actual wheat although there was a fair interest in Manitoba. J fluctuations were narrow during i the afternoon and at the close of trading quotations were a higher o a lower per 100 pounds i Gram speculation i to be controlled i Washington april 20. United states House of represent Learned tuesday the porn j too duty Exchange administration is planning to limit speculative Trad j tas in grains. I j m. Mehl assistant of tin j administration disclosed durin brings on the agriculture depart font appropriation Bill the action be taken As soon As Inachin could be set up to Deal with situation. New Law requires member Clearing houses of the Market 0 report daily any accounts show p3 open contracts in wheat figure More than bushels. Feed we real no. 1 Gar Tiit no. 2 Garmett so. 1 hard j kor. Dougli to. 2 nor. I Pugl. 3 nor. In Ough to. 4 nor. 1 Tough to 5 Tough to. 1 nor. Smutty. To 2 nor. Smutty pro 3 nor. Smutty 3b 1 Amber durum 2 Amber durum 3 durum. 4 Amber durum no. 1 White Spring to. 1 White storing no. 1 Hani co. 1 no teem ;