Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 08, 1938, Winnipeg, Manitoba Page fifteen thursday s Grain livestock produce Lack of buying fumbles wheat n drab Trade Grain Exchange Winnipeg july 7. Lack of support coupled with moderate Selling sent Winnieg wheat prices tumbling from Early gains in drab Trad a thursday. Low Points Ere recorded in the last hour when Chicago tended to follow de local Down trend. Final notations were 2vso to ivs lower for the Day with july at fractional gains were scored in fee opening stages in sympathy Goth firmness at Liverpool and strength in securities but the Ujj Juls were Short lived. Local filing found support very Light and the Market appeared to be it entirely neglected by buy for Long periods trading was virtually at a standstill with prices Drifting lower. July led the break due More to neglect than to any particular Selling. Export business in Canadian wheat was placed at close to 200000 bushels consisting chiefly 0 Drums but Only a share of appeared to reflect in the local pit it was suggested that the Drums were being directed to Mediterranean ports. Other Light operations by outside interests were made up chiefly of spreading with Winnipeg Decem Ler bought against sales of the same month at Chicago. October was sold against purchases of september at Chicago. United states markets scored gains of More than one cent in the Early stages with decided strength in securities and re ports of further moisture in Kansas and Nebraska where harvesting is underway dominating the uptrend. Pit operations were not particularly Active and although full gains were not maintained Price ruled firm most of the session. Improved flour sales were re ported in the Southern markets and late reports indicated that close to 500.000 bushels of american hard Winter wheat had been worked for Export. Liverpool responded to strength in North american markets on wednesday and opened with fractional gains. Upturns were increased due to the Sale of two cargoes of australian flour to the Orient and firm shippers offers. The English Market ended trading a to Ivad higher per 100 pounds. Buenos Aires wheat took on an easier appearance following an indifferent opening and at noon values were a lower per Bushel. Late reports indicated favourable weather in the Argen Tine. Interest in Cash wheat was mixed with spreads on the lower grades of contract wheat tending to ease while nos. 1 and 2 Northern held steady. Drums reflected Export demand and spreads on the various grades of this variety of when showed appreciable improvements at one time offerings of All grades of wheat remained Light and sales were again Small. Actual sales of coarse grains consisted chiefly of no. 3 . Barley for Export although some of the feeding grades of Oats were mentioned As sold for Domestic require ments. Apart irom Lair buying in Barley attributed to Export houses pit Trade in coarse grains was practically at a standstill with operations in Oats and Rye very Light and routine. Flax was neglected. Barley prices were firm most of the session while other commodities were easier Liverpool futures Liverpool wheat futures close per 100 pounds thurs. Wed. July 6s 6s 3 d october 5s 9 d 5s 8 d december 5s 5s these prices converted into Cana Dian bushels and Money at thursday s approximate Exchange rate Between Banks Are As follows wednesday s quotations were con Veitch at a rate of thurs. Wed. July .94v4 .93% october .85% .847s december .83% Buenos Aires wheat registers declines Broomhall special to free press Buenos Aires july 8. Wheat futures prices registered losses of a to thursday with july finishing at and september Corn closed 3ac to v8c higher with july and september while flax was v4c lower to a higher with july and september Corn conditioning is gradually progressing but is still sub Normal despite the improved weather recently. New crop wheat and flax prospects Are being maintained. Demand for Argentine wheat is still slow As offers Are being held above world parity. Flax demand is fair and Corn moderate. Rainfall in the Argentine since january 1 averaged 6.0 inches above Normal in the Northern zone and 3.8 inches above in the Southern zone. Winni open High Low july 98% 98% 95% 80% 78% nov 79 79 78% dec 78% 76% july 44% 45y4b 44ya oct 37b 36% dec 33v4 33% 33v4 july oct 48% 48% 47% dec. 46% 46y2b 45% july july 7, 1938. Close Prev. Close last year 95% 98b 143v8 a 78y4 135 -44va 45% 65 a 52% a 49% 71% 48v4-b 68% 45% 66% 143% 179% 145 181 a 49b 145% a 50y4a 5iyab quotations thursday july 7 Winnipeg close. To inc lower. Liverpool close a to higher. Buenos Aires close a to lower. Chicago close. ?4c to a lower. Minneapolis close a higher to a lower. Rotterdam close a to u6c higher. Oct lol dec 52% 52 a a Lbw Oia Oia ii 3 7, 1938. Low close Prev. Close 71 72v2 74% 57% 57% 59y4 59y4 59y8 58% 58% 58% 26% 27 is 26 26 y4 26v8 26% a 27% 53% 51% 52v4a 52% 53 53ysb Urpo Jis july 7, 1938. Low close Prev. Close 80% 80% 77% 78 78v4 78% 78% 79 Cash close july 7 july 6 Ein quotations supplied by Broomhall Ance and Liverpool. Per by. Can. Money thurs. Wed Lipmen july 115% prices Winnipeg daily privileges thursday july 7 bids offers july .97% july 7794 december 75% Indian wheat shipments forthe week totalled bushels compared with week ago and Bushel ast year. Country marketing year wednes. Ago wheat 180.00c sept july 26% sept. 26 i dec 27% 97 Rye july sept 52% dec 53% mint open High july grains cars loaded wheat 302 21" grains 81 4 Chicago. Private reports ind Cabi part Cloudy and continued warn weather Over the . Grain be with rather unsettled conditions ii the West and with scattered Shower during the night through Kansas Nebraska Missouri Iowa Anc Illinois. The average protein Content of new wheat inspections at Kansas City during june was 12.48 per cent As compared with 13.77 per cent a year ago. H. C. Donovan reports that Blacl rust prevails on All wheat by Thatcher from Sioux City Iowa t Aberdeen South Dakota. Ligh damage to some Early sown crop is indicated but will be heavy u the late seeding. Some of the wors Fields Are now being Cut prematurely. Soil is dry in some areas ant wheat stunted. Exports sales of Corn Are estimated at to bushels largely to the United kingdom new York sources indicate. Other reports place the total at fully bushels. The final australian estimate places the Commonwealth s when crop at bushels a Wir report states. The previous estimate was bushels while Las year the figure was neuter s stated thursday. Euro Pean weather is now mostly Clea apart from great Britain when conditions Are showery and Russia where it is Cloudy and hot. Ii Rumania rain has Falln Over a wid area. New York sources report Only a Small business worked in Domestic hard wheat. But other sources place Export business at from to bushels. Cash wheat spreads. Cash wheat spreads closed thurs Day As follows no. 1 Northern cover july o unchanged. No. 2 Northern 3c under july o unchanged. No. 3 Northern 7c under july o c better. No. 4 Northern 13c under july or 4c easier. No 4 special 20c under july o 5c easier. Garnet grades were Vic easier. No. 1 durum improved while sept dec 79% Minneapolis no. 1 dark nor., 58-60 ibs., 14% prot live Liverpool july 7. Wheat today. All prices Are . Cost insure no. 1 Manitoba Northern Atlantic s no. 3 Manitoba Northern Atlantic so no. 2 . Hard Winters Gulf ship u. S. Hard Winters Sample Gull ship j . Soft White Pacific wheat loading 3 Argentine shipment july 112% july july 87% Irwia j australian wheat afloat oust of r Indian wheat Choice Shipra russian wheat new crop shipment i s note. The quotations from the Vertex from their values in Sterlin i thursday s approximate july 91% 94 countries have been con to a basis of Canadian funds at be rate Between e Grain inspection r a wheat 5 cars inspected wednesday july 6. Grade 1938 1931 Spring wheat has tons old crop wheat co be cleaned up thursday july 7. Cash wheat no. 1 hard 2 Man. Nor. 4 Man. Nor no. 5 no. 6 no. 4 special Tough 4 no. 1 Garnet 2 no. 2 Garnet 21 smutty Garnet 1 Northern 91% 89 1 to. 2 Northern 3 Northern 81% 1 am. Durum 4 a 2 am. Durum 22 6 wheat 56% it am. Durum ., july 7. Special Cash wheat prices moved us rationally wednesday but trading Lere remained purely nominal. Sex orters do not anticipate any a Ivity until Well in August although ocal offers Are pretty Well in line about tons of old crop when s still to be cleaned up. New crop rates Are expected t run Between and to . Port movement wednesday a confined to receipts of Bushel and no loadings or ships in por stocks at 616.471 bushels including bushels of wheat Are practically All concentrated in poo 2 White Spring s total cars wheat 220 f cars of contract wheat1. 182 coarse grains s s 2 3 s sex. 1 feed 2 feed Tough y total cars 49 e 1 six to. 3 sex. 7 3 4 5 1 Tough e _ h is 1 . X Cash prices these prices Are always the quotation on Cash grains at the time of closing e 2 3 total cars 4 at fort William and port Arthur. July 7 july no. 1 Northern movement by roads a c.p.r., 126 c.n.r., 160 n.a.r., 2 Northern 92% 95 to. 3 Northern 887s precipitation map of the Prairie provinces shewing precipitation from april 1st to july 1st. 1938 As compared with the average of to Vears or More Alberta compiled and charted by Searle Grain company limited Manitoba excellent i the map printed above shows the distribution of precipitation that has occurred Over the Prairie provinces from april 1 to july 1, 1938. In Alberta it will be observed at a glance the precipitation on the average is below Normal particularly in the Northern parts which Are rather bad. The whole province on the average shows that Only 79 per cent of the Normal rainfall has occurred from april 1 to july j. In Saskatchewan also there Are Large areas which show that less than Normal rainfall has occurred again particularly in the North. The percentage of Normal is 87. Northern Manitoba has had Normal or better than Normal rainfall but the Southern part of the whole province has had less than average rain fall. The records show that Over the whole prov Ince on the average Only 62 per cent of Normal rainfall has occurred from april 1 to july 1. Talking the three provinces together and com Bining autumn and growing season precipitation and weighting for wheat acreage the records reveal that the total moisture condition on july 1 was 86 per cent of Normal As compared with 65 per cent at the same time last year. Since july 1, however unusually heavy Rains have fallen Over Large areas in the West thus the actual situation at the moment of writing this re port july 6, is certainly better than this report indicates for each province and for the West As a whole. Overseas wheat Export clearances for week exceed million bushels fort William july 7. Clearances of Canadian wheat Only to overseas destinations for the week ended june 30 aggregated bushels including bushels of Drums the statistical department of the Board of Grain commissioners for Canada reports. Clearances were also less than half the comparative total for a year ago. The figures follow overseas shipment during the from Canadian Pacific Seaboard ports prom Canadian Atlantic Seaboard ports from .a. Atlantic Seaboard ports total Spring durum wheat wheat 0 0 0 total wheat a week ago a year ago aug. 1 to june 30 same period a year 0 ago july Delta Abies the following quantities were delivered through the Clearing House thursday on july con tracts bushels wheat nil Oats nil Barley. Flax nil Rye. Black sea shipments this we. Lastyk. Last or. Wheat 1168 000 1 808.000 com Joe too 205.000 425.000 Barley 158.000 Bye 0 0 Oats 0 0 0 s. Russian it neat foreign Market news featured by danubian wheat Export sales at Ellison Giddings Raikes wire Broomhall comment foreign advices wednesday were featured by reports of Export sales by danubian countries. Italy has made an agreement with Hungary to take bushels of wheat details were not available but ii probably was on a Clearing or barter basis. The revival of the Rumor by normally conservative Trade inter ests that the . Had bought bushels of wheat from Rumania leads to the belief that negotiations Are going on or have already been completed. Export business in North Ameri can cheats was believed to have been Small with Only scattered lots of american and Canadian reported sold. The european demand for american Corn however was indicated to be quite Active. _ India continues to ship quantities of wheat each the Tjuk. Is still taking the bulk of this wheat recently and offer have been relatively steady. Good quantities have already been contracted for and if world prices continue to decline this country s offer May become quite Small. Wheat marketing in Prairie provinces Ottawa july 7. Up when marketing in the Prairie province for the week ended july 1 amounted to 697.371 bushels compare with the previous week and in the corresponds week a year ago. By provinces receipts for week ended july 1 with figures of the same week last year u brackets Manitoba. Bushel 4 Good week the Saskatchewan Alberta marketing for from aug 1 to july 1 with figures of the corresponding periods the pre Italy striving for self sufficiency in wheat other agricultural products no. 4 Northern _ no. 5 wheat no. 6 wheat feed wheat no. 1 Garnet no. 2 Garnet to. 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 3 White Spring 4 special no. No. No 5 special no. 6 special track basis no. 1 Northern screenings per ton Oats no. 2 . No. 3 . Sex. 1 feed no. 1 peed no. 2 feed no. 3 feed track malting grades 6 Row sex. 3 . 2 Row sex. 3 other grades no. 3 no. 4 no. 5 no. 6 track no. 2 . No. 3 . No. 4 . Track Rye no. 1 c. No. Z . No. 3 . Key. 2 . No. 4 . Track 58% 90% 37% 93% 89% 85t s 79% 64% 875s 83% 66% 64% 61% 70% 68% 66 4 757a 63% 44v, 41% 3svt 44v. 49% 4914 48% 46 45 44 49 v4 143 a 49 49 45 39 38 49 89 62 x. 60 a 90v, 95 a 92 87% 86 90 est 65% 62% 72 a 70 a 68 i 33 65 it 61% 98 25 45% 43 43 42% 36% 45% 4b% 45v. 43% 49% 14314 139 a 128% 113% 143% 50% 50% 46% 40% 39% 50% the other grades were wheat freight rates tramp cts. Per by. St. Lawrence ports to . 8% to 9% St. Lawrence ports to ant Werp Rotterdam 8% St. Lawrence ports to Greece unquoted berth St. Lawrence ports to . 834 to set St. Lawrence ports to ant Werp Rotterdam nothing reported doing from Vancou ver to Europe or the Orient. Montreal movement Montreal july 7. Canadian Grain figures in bushels Stock in elevators Tota receipt Date total receipts to 1937 total deliveries to 1938. Total deliveries to Date. 1937. Wednesday s receipts wednesday s deliveries Vav Cut Traua j a wednesday s exports wheat Lake boats arrived. 3. Lake boats unloaded 5. Corn Oak Argentine estimated shipments 2.57.2.000 1.411.000 better. Produce Market prices for butter Cream and eggs until further notice will be those supplied the free press by t. J. Coyle co. Butter fresh no. 1 Creamery butter 1.6.b. Winnipeg wholesale to Cream eries Geffs prices according to Dominion govern ment grading wholesale to shippers. Liveries Winnipeg. Cases returned. A Grade Large per dozen 19 a Grade medium per dozen .18 a Grade per dozen 16 a Grade per dozen 14 vegetables Manitoba potatoes 90-ib. Bag 60 New potatoes 100-lb. Bag 2.75 Ontario potatoes. 90-lb. Bag 2.60 California celery Case too head lettuce 3-Doz. Crate 1.35 Sweet potatoes hamper 2.50 american new potatoes 100-lb. Bag 3.00 for thirteen years Italy has been engaged in a strenuous Effort to attain National self sufficiency in agricultural products and Partick Ary in wheat states a summary of the italian agricultural situation prepared by the research depart ment of James Richardson and sons. Freeing Italy from its de Mendence on foreign nations for read has become a dominating purpose in National policy. The Campaign to encourage Domestic wheat production which orms one Side of the attempt to reach self sufficiency began with the launching of the Battle of wheat on july 4, 1925. Imports of wheat in immediate Post War years had been exceptionally heavy and the new regime was Partick arly anxious to avoid a repetition of the embarrassment caused by the Short crop of 1924. Direct Aid was Given to wheat growers producing High yields credit facilities were made More readily available warehouses and silos erected farm prices of gasoline reduced freight reduced and assistance Given of experimental stations. Above All internal prices were maintained Well above world mar Ket Levels first by the imposition of Tariff Dutie s and later by directly fixing internal prices. Since 1931 the Price of Domestic wheat in Italy has usually been two to three times As High As that on world markets. Three years after the launching of the Battle of wheat the govern ment began to realize that increased yield per acre was not enough. The areas under cultivation needed to be enlarged. Accordingly Money was provided for a costly scheme of land reclamation and soil improve ment extending Over a period of 14 years. The reclamation of the Manitoba Parsley Doz. .30 Man. Rhubarb per in. .01 Ontario cabbage. 60 ibs. 2.25 Carrots 100 ibs. 4.00 Hothouse cucumbers crate 1.50 Texas tomatoes Case 2.65 Manitoba spinach 20-lb. Hamper .50 Green onions Doz. Radishes Doz. . Hothouse tomatoes. 4rbasket crate California onions 50 ibs. Beets dozen Bunches Green peas per in. Local cabbage Doz. Floor Small lots delivered to dealers sex elevators or consignment Maple Leaf Robin Hood five roses Quaker Royal household purity Manitoba. Saskatchewan and Al Berta per sack of 98 ibs.3.40 2.30 2.10 .35 .05 1.25 i. Per 9-lb. Two 49-lb. Sacks 3.47 a elevator retail prices to Consumers a country Points. 15c per 98 ibs. Extra. Boiled Small lots to dealers 80-lb. Sack 3.35 retail prices to Consumers. 15c extra. Flail bleed All prices nominal and sask bran per ton 22.00 23.00 shorts per ton bran per ton .19.00 shorts per ton .21.50 the elevator retail Price to Consumers is s3 per ton More. Green salted cured ib.04 Green salted Kip skins Green stalled Calfskin in. .05 dry hides. Horse hides Large 1.2d horse hides medium. 1.00 horse hides same and ponies Horsetail per ib.32 mane in sheepskins each Seneca Root dry in. Fleece Wool per in. J2 .25 to .50 .28 to .30 .07 to Montreal july 7. Nations on the Canadian commodity sex cheap nog fresh 92 score cheese Ontario White us be Quebec White eggs c a Lane. Utter futures steady v. Up to lower july 25b, aug. Nov. 26-h. Pontine marshes is a much publicized part of this programme. The latest phase of the self sufficiency Campaign which is now in process of development lays emphasis not so much on encourage ment of production As on curtail ment of consumption. Needs Are being fitted to prescribed Means. There is apparently very Little flexibility in the organization o1 the italian Economy to meet the contingency of Short crops. The combined result of the in crease in production and decrease in consumption has been to bring about a Sharp reduction in average imports and when nature smiled to bring Italy almost within sight of Complete Independence of foreign wheat whereas in the seven years 1924-25 to 1930-31, imports of wheat and flour averaged 77 million bushels in the seven years 1931-35 to 1937-38, they averaged Only 19 million bushels. But when crops were Short As in 1936, imports on a Large scale were necessary to make up the deficiency. Statistically it would appear that a 257 million Bushel crop is far from being enough to satisfy Normal or even minimum require ments. If the 1937 crop was accurately estimated disappearance for All purposes this crop year amounted to about 300 million bushels. In 1934-35, when the crop was 233 Mil lion bushels disappearance was 27 million bushels. The very fact thai an admixture of 20 per cent of adulterants in wheat flour was enforced earlier in the season and thai substantial purchases of foreign wheat have already been made is evidence that the margin Between present supplies and demand is much too narrow to be Comfort Able. Desirable Type replacement cattle scarce Union stockyards Winnipeg and St. Boniface july arrival at the Union stockyards up to i o clock thursday morning consistent of 300 cattle 120 calves 90 hogs and 10 sheep and lambs with an Addi ional 70 cattle showing up on through Billing. Apart from deliveries coming off trucks there i nothing further in sight to arrive in the Yards during the Day there was no appreciable Chang in evidence on the cattle Marke thursday morning and wit receipts again proving of Rathe moderate dimensions Sellers a experiencing a fairly Complete clearance with most classes Rulin on a steady to firm basis. Country loadings have tapered off rather abruptly since monday and fairly Light deliveries for the past few Days have been responsible for injecting a Little better feeling into the Trade and in some Branche of the Market prices have taken o some added strength from the fore part of the week. One of the Bright spots in the Mark is being uncovered in the class an with very few outside orders Here the week for the better end of the such kinds shared in a Good Clear and and commanded firm rates. At the present time comparative Lew Good dry fed Cate Are making the appearance and anything showing in Tensive feeding is conspicuous by i absence. Consequently the few select offerings at the disposal of killers a realizing rather attractive prices. Medium grass kellers not wanted the attention of shippers is directed the last that medium grass heifers Ai not meeting with a very Favorale recep Tion from killers and while Light Fleshe cattle Are meeting with a Good replace ment demand there is a fairly wid spread in the Price Structure betwee anything suitable for killing purpose and for Stock requirements. Fairly Liberal buying orders Are Fea Turing the Stocker and feeder end of to Trade at the present time and Yard Trad ers Are experiencing difficulty. In obtain ing sufficient numbers of the right Typ of replacement cattle to satisfy the St. Boniface sales Fob week ending 7 Cavitte steers up to Choice 44 Good 142 medium common 90 steers Over Obj. Choice 19 Good 49 medium 32 19 31 Good 125 medium 198 common 164 fed calves Choice 124 Good 124 medium s7.25 6.00 5.00 6.00 5.00 4.00 6.25 5.00 6.50 5.00 7.00 5.50 6.00 4.75 4.00 4.00 3.00 2.50 2.00 canners and cutters 296 Good.136 3.50 common. 1 3.00 stickers and feeder steers Good .587 4.00 common.639 2.75 Stock Good Sis 3.00 2-5d Milken and springers 30.00 total cattle .4880 4.00 3.25 2.75 50.00 Choice 1552 common and medium 1047 grasses. 60 total calves 2659 select Bacon 94 5.50 3.50 3.00 1.00 per he. Prem. Bacon 321 11.25 11.50 butchers 165 1.00 per he. Discount heavies. 5a extra heavies 81 lights and 394 no. 1 sows. 217 no. 2 sows. M roughs. 22 Stags. 9 total hogs .1445 Good Handy weights .705 Good heavies 5 common a weights 226 Bucks Good heavy Good Handy weights. 27 18 72 87 common. Total sheep .1138 10.75 8.00 11.50 8.00 7.00 6.00 4.00 8.75 8.00 5.00 7.00 3.00 3.50 2.00 8.50 7.50 6.50 3.00 4.00 livestock quotations Union Stock Aras. Is. Toni Lake july 7, 1938. Steers up to 1050 Choice Good. Medium common steers Over 1050 Choice Good medium 6.00 4.75 4.00 7.00 6.00 4.75 4.00 6.25 5.00 4.00 3.50 7.to 6.50 5.00 4.00 3.00 2.50 2.00 3.25 2.75 Stocker and feeder steers Good 4-25 medium 3.50 common Stock Choice. Good medium common. Fed Choice. Good medium. Cow Good medium common canners and cutters bulls Good common medium 2-5j common 2.00 milkers and springers .25.00 veil Good and Choice "-50 common and medium 3.00 Sehic Teacon Prem Bacon. 11-50 11.5r 0.75 6.00 4.75 8.0c 7.0i 6.00 5.0c 4.0c 3.0c 3.7 90.0c 6.0c 5.0c butchers he Diso Oun 11.0 8.25 extra heavy 8.00 lights and feeders 1j.m sows no. 1 sows no. 2 houghs Stags Good Spring common. Lucks. Sheep Good heavies Good common 8.00 7.00 6.00 4.00 9.00 8.00 5.00 7.50 2.50 3.50 1.50 8.2j 7.5c 6.5 5.01 9.5c 8.0c 7.0 7.5 3.0 4.0 2.00 smut Ste. Mich., july 7. Ten july 6 alg steel. 8.30. . Harmonic. 12.30 Maritana 1.30 sulphate Sidney Thomas. 2 Maryland. 7. Up. July p. Weiss. 12.30 h Johnson h. A. Scandrett. 2 j. S. Mor Row. 6 governor flier. 7. Down. July 6-Jos. Block. H. Trimble 10 . H. M. Hanna. Or. 11-30 Superior j. Huist Midnight Assiniboia. 9 . J a. Farrell. 4.30 Dju. Laketon 5.30. Contest exploration company United has sold to Connell mining and exploration company limited my Mcvittie Graham mines limited shares of Treasury Stock at 0 cents a share payment to be made in three equal instalments in 0, 60 and 120 Days the Ontario securities commission announces hese companies have been Given an option on additional shares at 50 cents a share. The commission also announces hat woo Gold developments United under Date of june 22, sold shares at 25 cents a share o Leonard o. Lumbers and g. Birth. Payment is to be made forthwith and by july 22. An option on an additional shares at 35 cents a share will be Given the purchasers. 9 the last 32 mine cars of Ore put through the Nabob Mill during the week end averaged in Gold per ton according to advices received by Jackson Bros. Grain company. Thirteen of the cars averaged ?22.60 and consisted of Ore taken from the backs in the no. 710 Drift on the 700 it. Level this Drift is now in More than 123 feet and the Rise is up some 40 feet. Nineteen of the cars came from Ore on the West face and averaged per ton. According to d. G. P. Wright consulting Engineer a crosscut at Preston East dome mines has Cut the new South Ore zone and to Date indicates a Width of 18 feet with car samples averaging in Gold per ton. Drifting both East and West has started along the general being in requirements. The Market is ruling _ firm Best band weight dealers being demand around the s6 Mark with the balance of the calves being Well Cleare from to the hog Market ruled generally in line with wednesday s close Bacons holding at the s11.50 Mark with sow earning from to and feed hogs in firm1 demand from to the Lamb Market has moved u rather sharply this week and food Lam Are finishing off up to s9.50. With pack ers discounting Buck lambs at the a of s2 per cwt. Outside markets cattle 300 holdovers. Mar Ket generally steady with few Pla stockers unsold. Hogs 45 Bacons sol wednesday at off trucks. Shee and lambs 60 Good lambs South St. Paul cattle most steady to Strong. Canadian bulls Sellin downward from s6.3s. Choice steer quoted up to Sll. One car of Canadian on offer. Cattle mostly steady t Strong. No canadians on offer. South St. Paul markets South St. Paul july 8. Cattle quotations thursday were Choice 750-900 s10.8 Choice. 900-1.050 ibs.10.15 Choice ibs .10.25 Choice. Ibs. .10.25 Good 750-900 ibs. 9.00, Good 900-1.000 ibs. 9.25 Good ibs 9.40 Good. Ids. 9.40 medium. Ibs. 7.65 medium. 1.050-1.300 ibs. 8.00 common 750-1.100 ibs. 6.ao steers and Choice. 550-750 ibs. 9.40 Good. 500-750 ibs. 8.40 Choice. 750 ibs. 9.40 Good 750-900 ibs. 8.40 medium. 550-900 ibs. 7.15 common 550-800 ibs. 5.85 Good 6.75 7.1 7.5 feeder and Stocker cattle steers Choice. 550-800 7.55 Choice 900-1.050 ibs. 7.75 Good. 500-800 7.15 Good 800-1.050 ibs. 7.15 medium. Ibs. 6.50 common ibs. .5.50 Siscoe mines report june production As i from treating tons for an average recovery of ton compared with in May from tons for an average recovery of per ton. Bullion i production at Sullivan consolidated mines limited for the Quarter ended june 30 totalled 702, compared with in the previous three months it was announced today. During the period tons of Ore were milled averaging per ton. Output for the i first six months of the year against 852 a year ago. Paymaster consolidated mines june production totalled from milling tons of Ore compared with from tons in May. K Leo h. Timmins president of chromium mining and smelting corporation limited announced Fol lowing a meeting of directors that a smelter will be prepared for com Mercial production of a new mater Ial for the Alloy steel Industry at Sault Ste Marie ont in order to finance the change and Supply working capital he said a plan of financing is being worked out. This will require application for sup Pigmentary letters Patent to increase the authorized share capital of the company by shares from the present to no Par value shares. Borrowings on collateral by members of the Toronto Stock june so an increase of Over the previous month. Report of Kirkland Lake Gold mining company for the three months ended june 30 showed production valued at compared with in the first Quarter of 1938. Mill handled tons of Ore with average Mill Heads against tons at in the preceding Quarter. May sales up seven . Ottawa july 8. Up Dollar value of wholesale Trade sales in Canada during May increased seven per cent Over april but was one per cent below the level of May last year it was reported by the Domin Ion Bureau of statistics which received i reports from 200 wholesale merchants in nine different lines of business. Sales for All branches of the clothing Trade were lower than May 1937. Declines of 11 per cent for clothing nine for footwear and eight for dry goods being reported. Wholesale hardware Trade was Down six per cent and automotive equipment two. All other groups reported slight to moderate gains amounting to five per cent for to Bacco and confectionery four for two for groceries and one for fruits and vegetables. Compared with last year the wholesale Trade showed a slight increase in the provinces decreases in the Prairie provinces British Columbia and Quebec while on Tario was unchanged. Over the sea fam Bourne Dundee. Comes genuine of scotch whisky age and Quality of this Fine of d a taint scotch whisky is guaranteed on the bottle. Diu did in a could James Watson co. Limited this advertisement is not inserted by government liquor commission is not responsible for statements made As to Quality ;