Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 22, 1938, Winnipeg, Manitoba Winnipeg free press Friday july 22, 1938 thursday s Grain livestock Force of crop damage Leports boost heat prices Grain Exchange Winnipeg july 21. Gust and drouth reports from wan brought out con buying and covering heat futures on thursday Fucich coupled with relative offerings produced gains Tajc to ivs higher at the Export business was at close to utes and included both old Springs and fair quantities tour Umstot the continent. July dosed at b. Days run of information was Jav bullish in character with scan crop observers now in Canadian crops reporting conditions in sections Saskatchewan. Liverpool was but Chicago displayed con be hesitation in the late alter registering Early advances. The july headed the upturn with of around a cent i sanded to three cents at the High flints the deferred months with l exception of temporary lapses. So moved up for advances of i of cents at top Levels. Most of buying was of a commission Jouse nature and trading was to extent Dull and local at Continental and Southern be ests were credited with sup w n in the july and october in Fie Early stages and the resulting on Light offerings brought by nervous covering which was Juja influenced by the Tenor of private crop despatches. Values bad from the highs in the last Tali of the session when Chicago lost some ground with part of the lib in connection with inter Arket spreading in which wince october and december were old against purchases at Chicago. Chicago showed gains of around cent in the late Trade and Al though no Export business of in Ortance in american wheat was Winnipeg july open High 103 78% 76% Low 100% 76% 75% Barley 47 145% 34% close 77v8b 39 21, 1933. Prev. Close last year Loob 145% 75% 135% dec. July oct. 45vs 14s% 32 a 46% 45% 65% 54% 51% 71% 65% 180 dec 50% 50 50% 50 50 50 Suteb 50-a 153% 96vs 93% Chicago open july sept. Dec. Mar. 73y, july sept. Dec. 58% mar. 60 july sept. Dec. July sept. Dec. 26 i 25 is 26% 507s 52% High 69% 70% 72% 73 svs 59% 58% 60 26% 25% 26% 51vi 52y2 Low 68% 69% 71% 73 57y2 58% 57% 26 25% 26% 50% 52vs close 73vs Prev. Close 73v8 59% 5sy4 26b 52a 51b 26y4b 50% 51 a Minneapolis july sept. Dec. Open 79% 75% 75% High Low 80 79 y2 76% 75% 76% 75% Minneapolis Cash close july 21, 1938. Close Prev. Close to Sovsa 76 76ysa 75% july 21. July 20. No. 1 dark nor., 58-60 ibs., 14% protein. Liverpool Liverpool july 21. Quotations supplied by Broomhall today. All prices Are c.i.1 Cost insurance and Liverpool per by. Can. Money thurs. No. 1 Manitoba Northern Atlantic shipment August. 115% no. 3 Manitoba Northern Atlantic shipment August no. 2 . Hard Winters Gulf shipment August. Thursday e to inc wheat quotation july 2i win Ipei Clow l higher Liverpool close higher to a Down. Buenos aim special Holiday. Chicago close cent up to unchanged. Close cent lower to of cent higher. Rotterdam close 5se lower to higher. Wed. 113% 111% 90% 85 Argentine shipment August 97% australian wheat afloat 97% Indian wheat Choice shipment july russian wheat new crop shipment july a correction. Quotations from the various countries have been converted from their values in Sterling to a basis of Canadian funds at thursday s approximate Exchange rate Between Banks. Buying in that Market . Soft White Pacific wheat loading is credited to Export sources. Liverpool continued to show 1 firm undertone with considerable Short covering coming out in the july which responded with a Good Advance. The Trade m the overseas Market was influenced by no july tenders the Small local stocks and a Large outside order to buy october and sell december. Prices opened unchanged and were higher to a lower it the close with the easiness in he Distant positions said to be been due to a rather Sharp decline in Canadian Export offers. Host competitive Export quota 2is at Liverpool were firm to higher but no. 1 Northern Manitoba declined i7 so. No Over As Export business of any import Ace was reported and the Market no stimulation from teos Aires which was closed for i special Holiday. In Cash wheat improvement was died in the demand for Drums Lith spreads in the Early trading ranging from a to in better while spreads on the other grades of 85 97 it 98 94% 85% Winnipeg privileges closing prices Winnipeg daily privileges thursday. July 21 bids offers october .76% .78% december .75% .77% new York report said that it was difficult to confirm any important sales of United states hard Winters and Manitoba on wednesday it was Felt that Hopes of Export business was raised by houses with Export connections being buyers at times at both Chicago and Winnipeg. Private wire stated that Mackay observation service says on tuesday covered 150 Miles of marginal sections West of the worst Hopper and Stem rust areas South Eastern Saskatchewan and both Are spreading with unbelievable rapidity and with drouth also a serious Factor in Many districts. The situation particularly the Advance into the heavy crop of the Regina Plains and Western Soo line is very alarming the crop being heavily forced and hoppers to within 10 Miles of Regina Are rapidly Defolia iting later and Greener wheat Many armers cutting to save feed. Stem rust found on head Straw in All ields of non resistant cheats in Lead a week to 10 Days and severe infection High on Sheath wheat just headed. Some Large districts now definitely will not get seed Back or Ess. Probably wheat acreage Liverpool futures Liverpool wheat futures close per 100 pounds thursday wednesday july 6s sved 6s october 5s said 5s december 5s 5s 7 d these prices converted into Cana Dian bushels and Money at thursday approximate Exchange rate Between Banks Are As follows wednesday quotations were con i Vertex at a rate of july october december heat were generally unchanged. Pait from Odd lots of Drums. Sales confined to the usual Carload Patti ties. Actual sales of coarse grains were again Small with no. 3 . Barley sold for Export. Business in Oats was difficult to Trace. Pit in coarse grains was again Dull fold featureless with values Gener ally around previous closing Levels. Pc the last half of the session prices wed to firm with wheat. Coast shipments for 1937-38 expected about bus. Thursday. July 21. Cash wheat straight Tough a 1 hard 885i Northern is i 2 Northern 82% Northern to a Xor Hern 727 n a i wheat 65si 62% sol 3 wheat i 52% 497 a Vancouver. B.c., july 21 special from some Small Domestic Terest Cash wheat trading Here wednesday was practically nil. Closes Price were a cent lower follow tuesday to october basis. B be were no ships in port wednesday for Grain and nothing loaded the Day s receipt were Only bushels. With end of crop year 1937-38 Are expected to be just ten Days away total shipments bushels As against bushels the previous year. W Westminster will Only move to bushels against a Stolins estimated shipments this we. Lastyk. Las Tyr. 1.502.000 196.000 999.000 favourable crop conditions in Northern hemisphere depress world prices Broomhall comment Atchison. Giddings so Raikes wires prices Are depressed owing to the Northern hemisphere Harvest spreading and conditions generally thursday .99 -82y4 wednesday -97y4 -84y4 -82% Winnipeg Cash prices these prices Are always the quotations on Cash grains at the time of closing the future Market and refer Only to Gram in store at fort William and jly21 jiy20 no. I Northern 101% no. 2 Northern 98% no. 3 Northern no. 4 Northern 83% no. 5 wheat 65% no. 6 wheat feed wheat 57% no. 1 Garnet no. 2 Garnet 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. 4 special no. 5 special no. 6 special track. Basis no. 1 nor. Screenings per ton Oats no. 2 no. 3 . Sex. 1 feed no. 1 feed 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 flax no. 1 . No. 2 no. 3 . No. 4 . Track no. 1 . No. 2 . No. 3 . Rej. 2 . No. 4 . Track 96 a 93 i 98% 95% 80% 63% 74% 70% 64% 71% 67% 69% 65% 79% 62% 58% 92% 25 39 36 36 34% 29% 37% 47% 47% 46v4 44 a 43 a 42 a 46% 145 a 141 Oats 144% 48% 48% 44% 38% 37% 48% 97 83 64% 58% 56% 95 92 97 a 94y4 73% 69% 63% 69% 66 a 65% 62% 68% 66% 64% 78 v. 61% 57% 91% 25 36% 35% 33% 30% 47% 47% 46 a 43 a 42 a 4bv4 145v4 141% 11514 144 v4 47v4 47% 37 a ply increased bushels last week and is now bushels larger than last month. North american stocks Are piling up while in the Southern hemisphere stocks Are decreasing Only slowly. Although Australia has apparently shot its Bolt and shipments for the next four months will probably be very Small there Are still moderate quantities of wheat Avail Able in the Argentine and also in India. The latest official report from the Argentine stated that bushels of wheat were still Avail Able for Export from now until the new crop was ready in december also that commercial stocks in july 1 were As follows country dealers Millers e porters and other trades bushels a total of the Reserve on farms has not recently been estimated but this is believed to be Normal As Farmers held supplies Back for higher prices which however did not materialize. New crop Canadian wheat is offered freely As also Are Ameri can Winters without attracting much attention. No prices quoted on rumanian wheat although substantial purchases were recently reported. Grain inspection wheat cars inspected wednesday. July 20. Grade Spring 1 Man. Nor 2 Man. Nor 3 Man. Nor. 4 Man. Nor. No. 4 special 1938 34 57 98 6 no. 6 special 1 smutty l Tough 2 no. 1 Garnet. 2 2 am. Durum. 82 am. Durum 10 Montreal produce Montreal july 21. Up thursday s close Canadian commodity Exchange. Quebec fresh 82 24tv cheese Ontario White Quebec White legs 27a a medium. 26a. Say Whitey Why do you stay close to because i enjoy the reflected Gloriy. Distilled blended and bottled to Black it White total cars Vrh eat 275 cars of contract wheat. 199 coarse grains oat 2 . 3 . Sex. 1 feed 1 feed 2 feed Tough. I total cars six 3 sex. . 3 . 4 . 5 Tough total cars 1 . 3 . Total cars 2 . 3 . 4 . Total cars mixed grains 12 27 2 37 3 4 1 24 9 3 1 grand total cars 406 2 movement roads 145 cjf.h., 205 . 56. R. O. Cromwell . Crop observer now inspecting Western Canadian crops in a private wire says Saskatchewan crops Are slip Ping where Spring wheat have not been above Normal. Showers since july 4 have been ineffective. Cool nights moderate Days have pre vented heavy loss but moisture gone entirely. Districts 8, 7, 9, 6 and want rain. Others fear rust but strains heavy at present Southeast Lack virulence. Rain could save Good crop. Broomhall says that the big crop in France Hungary and Rumania easily overshadows the reduced yields in Nlaly. Sharpest decline for this year Union stockyards Winnipeg and St Boniface july 21. Fresh receipts at the Union stockyards up to nine o clock thursday morning consisted of 720 cattle 100 calves 160 hogs and 150 sheep and lambs to Gether with 30 cattle showing up on through Billing. Apart from deliveries coming off there is nothing further in sight to arrive in the Yards during the Day. Very few Price changes were recorded on the cattle Market thurs Day buyers being apparently con tent to take on their requirements mostly in line with the Sharp de Cline to values registered through out earlier sessions this week. There was nothing of a very attractive nature included among the. New arrivals and Quality for the most part was considered fairly Plain with Low Grade and medium female classes predominating. It been groggy Market this week with the Price Structure in some branches of the Trade coming in for a Complete overhauling buyers being successful in some instances of forcing the sharpest decline registered to Date this year. Drastic break in females the better end of cows has taken considerable punishment from the High time of last week and numerous sales Are winding fully a Dollar lower with Only scattered being recorded class of to with sales quite numerous in the class at and below. In addition to the heavy loss applied to cows medium heifers have also taken a brisk ride on the Toboggan and most interests Are giving half far heifers the cold shoulder and Are placing their bids on a sharply Ower basis to offset the. Poor dressing out yield on such kinds. Due to the fairly Small percentage of tilling steers included among the arrivals this week Price adjustments have Een much More orderly compared with the drastic break to females although most classes of steers for Slaughter Pur poses Are winding up below the figure compared to smaller offerings prevailing week ago. Bacon rots recover lot. It is taking a fairly decent grass killing steers to earn from to 15.75. While Low Grade and medium steers Are finding their Way into killers hands. Last and drouth seen menace in Saskatchewan the amount of rust damage in Saskatchewan be determined n about two weeks h. C. Donovan crop observer states after a tour of Western Canada s . In a private wire from Moose jaw he ays having covered the principal actions of Saskatchewan and Al Terra i found Black rust infestation 3 fully conform with my earlier reports in that while Little if any nests Alberta that practically All actions in Saskatchewan now in ested and with its appearance on upper stems throughout the South Ern half of the province the amount of damage it will do cannot be de Ermine for at least two weeks to come but will be heavy in such sections that have plenty of Mois ure As Well As heavy producing Oil. However partial with the cooler than usual weather has been holding it in Check so far mostly elsewhere but. The partial drouth in itself has been lowering conditions considerably to such an extent that from this morning s weather reports rain is wanted Over fully three fifths of the Grain acre age in both provinces and badly in ome sections also Grasshopper dam age is reported to be on ;