Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 20, 1938, Winnipeg, Manitoba Winnipeg free press tuesday september 20, 1938. Page thirteen monday s Grainy livestock produce bearish news East reflects Winnipeg wheat prices slip off in Dull trading Grain Exchange Winnipeg sept. 19. Hit the skids in Dull rat Lin monday with weakness Liverpool and apparently tension in european 8t easier political circles dominating Price rend. Support was disappoint and values ended the Day j4c to 2 .2c lower with october it 63 a. Values were Down almost three wrist at Bottom Levels and although covering at times brought about rallies recoveries from the Tew Points were mostly fractional. Apart from the Odd flurry trading As Dull and the volume of Busi Ness transacted in the pit relatively overseas buying was encountered but Export business in Canadian wheat was Small and no was placed on sales. Mill support appeared to have been withdrawn and the bulk of the late operations were said to be professional. Inter Market spreading conducted both ways and local spreading was of a routine were quite Liberal offerings limes a nature at and in the Early stages proved firmer Winnipeg sept. 19, 1938. Open oct. Nov. 65% dec. May oct. Dec. 29% May 31% oct. Dec. 35% May 37h oct. Dec. Oct. 41 dec. May 41% 43% High 66 65y4 64% 67 30% 29% 31% 36% 36b 143 140% 41 41 a 43% Low 53% 64 63vsa 66 vib 28% 30y4a 35% 37% 136 135a 40% 41% close Prev. Close 66% 66% 66b last year 125% 122% 28% 35% 136b 135a 2978a 31 a 37a 138 136y4 41% 42% 51% 48% 48 59% 57% 57 176% 177% 89 88% 89% Chicago i states markets showed similar losses to Winnipeg with a irate reports indicating that operations were also largely professional. Export business was confirmed worked in United states Corn but sales of wheat for foreign account were difficult to Trace. Liverpool wheat futures prices were firm at the Start but weak ened later on the More hopeful Tol tical situation and poorer in i re for nearby wheat. Las quiet in the late stages and Tina quotations were to lower per 100 pounds. Fin australian offers and smaller world shipments accounted for the Early s Buenos Aires wheat values slumped with outside markets and at noon losses of two cents were recorded. Crop prospects in the Argentine continue favourable. World wheat shipments for the week totalled bushels and of this total North America contributed bushels with bushels of Canadian origin. Supplies of wheat afloat to Europe decreased by almost four million bushels to 000 bushels compared with mishels the week previous and bushels last year. Cash wheat Trade appeared Al most a Blank with interest confined to a few cars of Low Grade wheat. Asking prices were slightly out of line to attract business and there appeared to be a waiting attitude on the part of prospective buyers. The coarse Grain Cash Market was in the same category with business Here also in Low volume. Small quantities of Oats were taken by exporters and a Little interest from his source was also showing in three . Barley. Pit trading in coarse grains was quiet although flax provided a Little fireworks at the opening with the october advancing the five cent limit on a few buying orders in a thin Market some covering came out in Oats and Barley at one time but prices generally eased with the weakness in wheat. Open sept. Dec. Mar. May sept. Dec. Mar. May 53% sept. 25% dec. 257s @26 May. Sept. Dec. May. High 65% 65% Low 64 64% 66% 53 y4 51% 657s 52% 50% 26% 42% 46 53% 26% 26 26% 43 y4 44% 46 52% 25% 25% 26% 43% 45% close 64% 65 a 66% @v4 53 i 50% 52y4a 52% 26% 26% sept. 19, 1938. Prev. Close 67% 51% a 42% a 43% 45y4b 47 sept 19, 1938. Minneapolis open High Low close sept. 68% 68% dec. 67% 67% 66% 66% May 68% 68% 67% 67% sept. 19. Prev. Close 69% sept. 17. Minneapolis Cash close no. 1 dark nor., 58-60 ibs., 14% protein. Liverpool Liverpool sept. 19. Quotations supplied by Broomhall today. All prices Are . Cost insurance and freight Liverpool per by. Can. Money Mon. Sat no. 1 Manitoba Northern Atlantic shipment last half oct. 877s 87% no. 3 Manitoba Northern Atlantic shipment last half oct. 81% 80% no. 2 . Hard Winters Gulf shipment september. Unquoted . Soft White Pacific wheat afloat. 77 77 Argentine shipment september unquoted Australia wheat afloat 83% 82% Indian Choice Karachi afloat 79y4 79y4 russian Low Quality Sample afloat. 617s 617a russian High Quality Sample 69% 69% quotations from the various countries have been converted from their values in Sterling to a basis of Canadian funds s4.83, monday s approximate Exchange rate among Banks. Montreal movement Montreal sept. 19. Up Canadian Grain figures in bushels for past 48 hours Stock in elevators total receipts to Date 1938. Total receipts to Date. 1937. Total deliveries to Date. 1938. 65.448.841 deliveries to Date 1937. 59.898.548 past 48 hours receipts 484.104 48 hours deliveries. 48 hours exports wheat Only Lake boats Lake boats an investment in Good appearance the Eaton custom tailoring department featuring a selection of Rich new weaves for fall and Winter. Fine imported English suiting in fashion s newest tailored to your measurements on the premises. To main floor Hargrave Umito Grain inspection wheat cars inspected saturday and sunday sept. 17 and 18, 1938. Spring 1938 1837 1 Manitoba hard 50 1 Manitoba Northern 446 2 Manitoba Northern 656 3 Manitoba Northern 408 4 Manitoba Northern 108 no. 5 no. 6 .6 feed no. 5 special 8 no. 6 special 8 smutty a Tough. 15 rejected 5 no 1 Garnet 8 no. 2 Garnet 100 no. 3 Garnet 4b Tough Garnet 1 am. Durum 4 2 am. Durum 52 3 am. Durum 27 4 am. Durum 1 Tough am. Durum 1 Rej. Am. Durum durum and Spring 1 mixed wheat Winter 2 . Smutty . Total cars wheat cars of contract wheat coarse grains 2 . 3 . 1 feed 2 leed a. Total cars six Row no. 3 sex. . Two Row. No. 3 sex. . 3 . 4 5 . 6 . 3 1 5 1 1 2068 1855 10 27 42 1 trading on the Winnipeg Grain change was suspended for a Shor period on monday out of respect or the memory of a. E. Spendlove member of the Exchange we red on saturday. 9 a private Cable from Berlin said hat the German wheat situation As not been affected by the inter National crisis. It is stated tha Goering s reassuring statement Thi about German grains Fere enter the actual status of German read. An official report however admits that harvesting of summer rops have Boen impeded by the in prices to of Grain by the United total cars 1 . Total cars 2 . 3 . Total cars screenings Corn Veather. Utes the jumping tates. Since july 1 world wheat ship ments were bushels against bushels a year go. Sales of around bushels of australian wheat to the United kingdom were reported monday. Country marketing sat. Or. Ago wheat grand total cars 2245 movement in roads p. A. N. I. A. 1178 1060 Winnipeg Cash prices prices Are always the quotations on Cash grains at the time of closing the future Market and refer Only to Grain in William and port Ai thur 58j? 54a 57% bottled in Bond in Canada of. Advertisement is not inserted by the liquor control commission. Commission is Chi events made a it facts advertised. Not responsible for to the Quality of National railways Western Region 2 tenders will be received at the i the Engineer. Winnipeg until twelve o clock noon. Tuesday v womber 27th. 1938. For the construct approximately 1100 Lineal feet 16 foot Concrete pavement with Neces manholes catch basins Etc. On the at Transcona. Manitoba. Specifications and form of con store at fort wheat no. 1 Northern. No. 2 Northern 61vi no. 3 Northern no. 4 Northern no. 5 wheat no. 6 wheat feed wheat no. 1 Garnet no. 2 Garnet no. 3 Garnet no. 1 nor. Tough 63vi no. 2 nor. Toueh no 3 nor. Toueh no. 4 nor. Tough. 53% no. 5 Tough. No. 1 nor. Smutty no. 2 nor. Smutty no. 3 nor. Smutty. No. 1 Amber durum. No. 2 Amber durum. 47va to. 3 Amber durum. 46ya no. 4 Amber durum. No. 1 White Spring. No. 2 White Spring. No. 3 White Spring. No. 1 . No. 4 special. 49% no. 5 special 41% no. 6 special 41% track basis no. 1 nor. 6378 screenings per ton. Oats no. 2 .--- no. 3 . Sex. 1 feed no. 1 feed. No. 2 feed no. 3 feed track malting grades sept. 19 sept. 17 67% 63% 61 57 a 52 a 46v4 43% 60 57 54 65% 56 5014 62 4 a is a 53 a so a 45 61 a 58 a 55 a 56 a 52% 48% 44% 66 y. 25 55 29% 26% 26% 26 24% 21 i 29% tract be seen and form of tender Ion sati been ainu in Iii i gained at the office of Engineer ten ters will not be considered unless on form supplied by the railway any. And accompanied by an a Cheque on a chartered Bank equal live per cent of the value of the work payable to the order of the treasurer. Canadian National railways. No bid Jonas will be accepted with tenders on this work. The lowest or any tender not Neces mrily accented. A. E. Wahren. Vice president sept. 19th. 1938. 6 Row sex. 3 . 2 Row sex. 3 . Other grades no. 3 . No. 4 .no. 5 . No. 6 .-. Track no. 1 . No. 2 . No. 3 . No. 4 . Track Rye no. 1 . No. 2 . No. 3 . Rej. 2 . No. 4 .-. Track 35 a 35 a 33v, 32 i 35% 135 v4 131 a 120 135% 31% 28 3, 26v 31v. 36v 35 33v 32v 31v 137 133 122 117 137 40% 37v. 33% 32% Winnipeg privileges closing prices Winnipeg daily privileges monday sept. 19 october december. Fey bids g2 61% offers 65% 68% monday sept. 19. Winnipeg close to Evv lower. Liverpool close to 2d lower. Buenos Aires close to lower. Chicago close to lower. Minneapolis close 2c to lower. Rotterdam close 17sc to she lower. Professor Boyle ies at Ithaca James e. Boyle professor of Rural economics Cornell University n.y., died at his Home in Ithaca new sunday at the age of 65. He was widely known in the United states and Canada particularly in agricultural circles and had visited he Dominion on numerous occasions. Professor Boyle was an authority on agricultural problems and the author of several books on these subjects. Prior to going to Cornell University in 1917, he had for Many years been professor of economics at the University of North. Dakota. Liverpool futures Liverpool wheat futures close per 100 pounds Mon. Sat. October 5s 5s december 4s 11 a 5s March 4s 5s 07ad these prices converted in can Adian bushels and Money at monday s approximate Exchange rate Between Banks Are As follows saturday s quotations were converted at a rate of Mon. Sat october 74% 76% december 72% 74% March. 71% 73% on cattle Market Winnipeg and St. Boniface Stock Yards sept 19. New arrivals at he Union stockyards Over the Veek end and up to nine o clock fonday morning consisted of cattle 935 calves 330 hogs and 600 sheep and lambs with an additional ,020 cattle showing up during the same period on through Billing. Apart from deliveries expected to come off trucks there is nothing further in sight to arrive in. The Yards during the Day. The run of cattle for the initial session this week was not considered very. Burdensome for this season of. The year. Jut supplies were apparently of sufficient volume for the Good of the Market As advices emanating from outside Points Oday Are not of a very favourable Char Acter consequently bearish news from he East and South is reflecting to poor Dvan Taxe in our Trade Here. There was not very much action in evidence during he first rounds this Mornine and a comparatively Light movement took place. Mth bids on most lines of killing a Erial showing no added strength from he close of last week. The demand for Teers was anything but satisfactory and Here were insufficient Early sales competed this morning to really test out quotations in this Branch of the Market. With a further Light run of hogs for a monday Market prices firmed up a Little rom the close of last week. The Lamb Market was considered about in line with the close of last week. Wires Toronto. Cattle. 700 holdovers few stickers sold to s5.10. No other Early sales. Hogs 800. Unsettled no quotations. Sheep and lambs no Early sales. Montreal. 1.300 cattle lower trend. Not sufficient Early sales to establish prices. 1.560 calves Veals steady. S6 to sheep and lambs. Good lambs to s7.75 hogs no Early sales. St. Paul. 10.000 cattle mostly weak 23c lower. Very Little trading Early. 20 cars canadians on offer. Chicago. Cattle Market slow weak undertone two cars of canadians on offer. Live Stock quotation s Union stockyards St. Boniface man., sept. 19. Receipts cattle calves 935, Boss 330, sheep 600. Bookings at coast Are now increasing Vancouver ., sept. Land option to . Featured local Grain Market i Short session sat urday business running to tons at for local loading. In addition tons of local space was done earlier in week with nearby stuff sold at to wheat sales vere placed around by ills. Grain Rush to port is still in creasing Day s receipts being bushels and railways re port 832 cars in terminals Here with i ars in transit on divisions. Loadings today were bushels making this season against year ago two ships in port will take tons. Port stocks Are at Highes in months at bushels in eluding wheat stocks in terminals fort William and port Arthur week ended Friday sept. 16. Previous week 24 is 5? last year lb.7b7.7o wheat shipments last week previous week o act m last year wheat stocks last week last Yea 1 hard 2 Northern old 2 Northern 3 Northern 2.244.723 a German recent fall paper Attri coarse grains cars wheat coarse grains old 3 Northern 4 Northern old 4 Northern no. 4 special no. 5 no. 5 special no. 6 86.436 82.052 25.713 290.777 Argentine wheat acreage is the largest in eight years Broomhall comment we e. Reid co the Argetine wheat acreage is re ported acres larger than. Last year the largest in eight years which does not show any desire to regulate the acreage suit the Small demand. If this area should come through to maturity with no More than Normal abandonment there might be a. Wheat crop of bushels next january with a surplus of bushels. However weather conditions can never be with much de Gree of accuracy and although the prospects today Are excellent the crop has to pass critical periods. England bought another Austral Ian cargo on saturday at but shippers have now raised their prices and it is believed that sup plies there Are getting scarce Al though it is reported that bushels Are in elevators. Our australian correspondent cables that new crop conditions Are favourable but that further Spring Rains would be Welcome in certain sections. The seeded acreage is acres greater than last year but prospects Are somewhat inferior. Wheat visible up visible stocks of Canadian wheat for the week ending sept. 16 increased nearly bushels when compared with the previous week to total bushels. Over seas clearances of wheat were a Shils with bushels out of Canadian Pacific ports bushels out of Atlantic ports and Bush Els out of . Atlantic ports. Following Are coarse Grain comparative figures week previous sept. 16. Week. Oats Barley flax Rye in some parts. Crop., prospects Art being maintained. Corn demands moderate for nearby shipment but interest in other grains is slow. New York Cotton James Richardson sons september 19. High Low close january 7.s9 7.86 7.88 May. 7.88 7.81 7.83 july. 7.88 7.81 7.82 october 7.86 7.78 december 7.90 7.83 7.84 Market up .04-to .09. Argentine futures prices turn lower Broomhall special to free press Buenos Aires sept futures prices closed to lower monday with october and november Corn closed in to lower with october and november while flax was Down to 2vec, with october ?1.09% and november weather in the. Argentine was Clear monday after being unsettled new York sugar James sons sept. 19. 1938. High Low Jan. .2.00 2.00 2.02-3 2.03 2.05-6 May.2.08 2.05 july. 2.10-11 sept. Birmont invincible steers up to 1050 ibs choices 5.50 Ood 4.75 tedium 4.0q common 3.50 steers Over 1050 Choice 5.50 4.75 a medium common 3.50 Choice 5.00 Good 4.25 medium 3.50 common 3.00 fed Choice 8.00 Good 6.50 medium 5.00 Good 3.25 medium 2.75 common 2.25 canners and cutters. 1.75 bulls Good 3.25 common 2.50 Stocker and feeder Good 4.00 medium 3.00 common 2.50 Stock Good 3.25 medium 2.50 common 2-00 milkers and springers 25.qo veal calves Good and Choice 6.50 common and medium 3.50 select Bacon 51 per head Premium Bacon 9.j5 9.25 butchers. Is per head discount heavy 8.75. 3.75 extra heavy 8.00 8.00 lights and feeders 9.00 9.25 sows no. 1 7.50 7.50 sows no. 2 6.50 houghs 5.00 Stags 3.50 Good hand weight 6.25 Good heavies 6.00 common. 4.50 Bucks 4.50 Good heavies 2.50 Good hand weight 3.00 common 1.50 s 5.75 5.25 4.50 3.75 5.75 5.25 4.50 3.75 5.25 4.75 4.00 3.25 9.00 7.50 6.00 3.50 3.00 2.50 2.00 3.50 3.00 4.50 3.75 2.75 3.75 3.00 2.25 45.00 7.50 6.00 6.50 5.50 4.50 6.so -6.00 5.50 4.50 2.75 3.50 2.00 representative sales 4.00 950. 4.00 960. 3.75 3.50 920. 3.50 no. 6 special feed 1 . Garnet 2 . Garnet 3 . Garnet durum White Spring others mixed wheat private elevators 2.407 Winter 5.066 special bin 207.823 782.00 1.61 274.520 351.644 6.005 10.930 sept. 19, 1938. Killing steers 920.5.00 4.50 950.4.50 940. 4.25 Butcher heifers 890.4.75 870.4.00 910.4.50 880.3.75 890.4.50 4.25 860. 3.25 3.00. Butcher cows 3.50 3.10 3.00 canners and cutters .1060.2.25 030. 1.75 .1040.2.00 890. 1.75 bulls 1_1640. 3.15 .3.00 2.75 stockers and feeders 840.4.50 650.4.00 .4.25 total 18.767.750 Oats stocks 123.065 331.743 844 124.832 27.165 107 961 231 Cash wheat spreads closing Cash wheat spreads Mon Day sept. 19 one cent Over of Ober or unchanged. Two cents tinder october or unchanged. Three cents under october or unchanged. Four Northern 4. Cents under october or unchanged. Durum the United states port of Galves on cleared bushels of wheat and bushels of com on sat urday. 2 3 . Sex. 1 feed 1 feed 2 feed 3 feed others private elevators total Barley stocks 3 sex. . 6 Row. 1.989.867 3 sex. . 2 Row. 3 . 4 . 5 . 96.416 181.334 24.352 6 . Others special bin private elevators 143.077 . Others total 1 . 2 . 3 . _ . Ergot others Lakehead clearances continue to increase wheat clearances from fort Wil Liam and port Arthur continue to increase and for the week ended sept. 14, totalled bushels including bushels of durum grades according to. Figures released by e a. Ursell statistician to the Board of Grain commissioners or Canada. Canadian lower Lake Porte took in bushels of the Din urns cleared while the remaining bushels went to St. Lawrence ports. Of the other varieties of wheat shipped from Lakehead ports Canar Dian lower Lake port elevators received bushels St Law rence ports bushels and Buffalo elevators bushels coarse Grain shipments consisted of bushels of Oats bushels of and bushels of Rye. Apart bushels of Barley cleared to Duluth an of the coarse grains were destined to Canadian ports. British Bacon a mobs week ending sept 15. Bacon prices unchanged from sept s. Namely Canadian 91 to 93 danish 96to 99, English 95 to 99, Baltic 91 to 03. Affixed a to 647 671.064 5.514 total flax stocks 196 Bye stocks 1.396 1.589 total 695.822 shipments Lake and rail last week 1937 Oats 254.905 weekly statistics we. E. Held co., ltd., wire week ended saturday sept. 17. World shipments Lastyk. Prev. We. Las Tyr. Wheat Oats Corn Barley Rye North american shipments wheat i. Corn Liverpool stocks wheat Corn United kingdom arrivals wheat if for. Com Afi Oal Iri Europe 35 30 10.937.000 . Visible Supply 10 592 000 Corn Oats Barley wheat Corn. Oats. Bye. Barley better and cheese markets Dominion marketing dept Ottawa sept 19. Montreal reports no. 1 pasteurized butter. 22 7-16 no. Pasteurized. 21 7-16. Cheese. No. 1 West pm White. 14 to 14v4 coloured. 14 1-1 tol4 i Eastern White 13% Toronto no. 1 pasteurized butter 22i4 no. J pasteurized. 21 to cheese. To. 1 Ana Par 670.3.75 610.3.60 640. 3.50 620. 3.25 640. 3.00 780 4.25 710 4.25 5 830 4.00 750 4.00 710 4.00 calves 210 7.50 300 5.00 2 200 7.25 190 7.00 180 6.50 170 6.00 5.50 5.505.00 240-----. 4.75 180. 4.50 220. 4.00 320. 3.50 340 lambs 90 6.50 90. 8.00 85 6.50 75. 5.75 90. 6.25 75. 5.50 65. 6.25 70. 5.00 6.00 select hogs s1.00 per head Premium l0_ 220 9.25 15-210. 9.25 Bacons is 210 .h.25 200. 9.25 butchers per head discount 9.25 9.25 heavies 8.75 o 8.75 extra heavies 8.00 and feeder s 15-170.9.50 18-140. 8.00 8. Do 9.25 9.00 -320. 7.75 7.65 7.50 420.-. 6.20 countries of origin world wheat exports a. P. White co. Wire service week ended saturday sept. 17. Lastyk Prev. We. Tasty. Sea 0th entries total wheat. Wheat freight rates cents per Ocean rates tramp _ St Lawrence ports to . It Lawrence ports to Antwerp Rotterdam berth _ t St Lawrence ports to . St Lawrence port to ant Werp Rotterdam Vancouver to . Vancouver to Antwerp o 9 to 9% 896 to 9 to 13 produce 92 a medium 33a. 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