Winnipeg Free Press

Winnipeg Free Press (Newspaper) - December 1, 1939, Winnipeg, Manitoba Page sixteen Winnipeg free press december 1, 1939 livestock produce stocks Bonds graph Exchange Winnipeg dec. 3. Continued Light offerings coupled with further appreciable support started Winnipeg futures prices to higher Levels Early Friday. Responsive action at Chicago aided by reports of this storms in West Ern Kansas also contributed to the upswing and while reactions occurred prices finished the Day " so to ?4c higher with december at Export business in Canadian wheat appeared to be quite Small and confined to Odd lots reported sold to neutrals Export business in flour was negligible but Domestic buyers again took fair supplies and Mills wore credited with purchases of about 500.000 bushels of wheat in the local pit. However Upp Roxi Macly half of this had the appear Ance of old business. Other operations were mostly of n commission House character with locals and Southern buyers on both sides 01 the Market. It was difficult to determine Wheiler any of the Southern dealings evolved inter Market spreading or not. Profit Laking was in evidence at times but for he greater part of the session offerings were always Light. Some Jot up in support was Spon sible for the late or Price Range for the Day amounted to about cents with the july future making a new seasonal High. All futures were Al their Best Levels in More than two months with december it a High of cents. Chicago was hesitant at the Start but. Firmed later in sympathy with Winnipeg and at one time the near by position was above the cent Mark to Post a new seasonal High. The december and july futures at Kansas City also made new highs. Variable showers fell in sections of the . Winter wheat Belt but Large areas were missed and Gen Erous Rains Are still required to halt deterioration. Dust storms were re ported in the Western part of Kan Sas in Friday. Buenos Aires wheat remained firm and at noon values were a to lie higher per Bushel. Argentine weather was Clear and favourable for Harvest. Wheat shipments from the Argentine for the week totalled bushels and included 000 bushels to non Europe. All contract grades of Canadian wheat were commanding premiums Over deliverable basis and As a result no wheat put through the Clearing House on Winnipeg december contracts Friday. Shippers and terminals were taking one and two Northern in a Small Way in the Cash wheat Market while Odd cars of three and four Northern were being picked up by Mills. Garnets also received some attention from milling interests with these grades trading at a cent better. In the coarse Grain Cash Market exporters were buying two and three c. W. Six Row Barley and the one feeds with some transactions reported at cent better in the spread. Some Export interest was also showing in extra three c. W. Oats which was reported to have traded at fractionally improved spreads. Seaboard houses continued to inquire for two and three c. W. Rye. Pit trading in coarse grains was not nearly so Broad As in recent sessions. Export buying was reported in both Oats and Barley but this was believed to be mostly the Cov ering of old business. Southern interests were also credited with support in december Oats. Pur chases of Winnipeg Rye for Southern account continued with this buying believed connected with inter Market spreading with Chicago. All Winnipeg dec. 1, 1939. Open High Low dec. May 81 78% july 81 i 80% dec. 34 34 May 35 Viz july 35% 36 dec. 45 May 47 is 48 july 47m, close 34 b. 47 a a. 47 dec. May july Rye Doc. May july 1 fifi 170 6 a 63 170 52 a 63 61% a 63 v4 63% 172 v4 a 61 a Prev. Close k 79% ,81a .35% a b -47 166 a 170a ,168a 63% 63 28% 29 a 28% 36% 36% 140% 138% 37 40% Chicago open dec. May. July Corn dec. May july dec. May july dec. 55 May july 55% 56% 56 i High 92% 39% 86 53% 54% 55 a 39% 33% 55% 57% 57 Low 91% 86vs 52% 54% 54% 39 37 33 is 55 56% 56 close dec. 1, 1830. Prev. Close 54% 39% 37% 33 a 55% a 57a 56% a Rye futures highs. . Offers made new seasonal a pm York. Apr. 1. Re port Tho Folio whip Crandes of wheat and can so grains offered it Liverpool . Point shipment can. Cts. Canadian per bus. No. L nov., Vancouver. T3ee. 7i no. 2 Vancouver dec. T no. I nor. St. John. . Food Oats St. John mid Jan. Of her australian we Cal. Dec. No. 2 White african Corn Artje tinn Corn dec. No. 2 . Yellow Corn. Bait. Bee. 78ti Minneapolis High Low close r0% 89% 87% 88% 87% 87% Minneapolis Cash wheat close dec. I dark nor., 58-60 ibs., 14% protein. Dec May july open 83% 87% 87% 39 to a 37v2a 33% 57 57b prov close 87 86% 86vib nov. 30 wheat quotations Friday december 1 Winnipeg to higher. Chicago higher Vic lower. Minneapolis higher. Buenos Aires Jim higher. To to to closing prices Winnipeg daily privileges Friday dec. 1, were As follows bids offers december .74fh ,72li May .79 i .82 july .80 i .83% amount of wheat under . Fed eral Loans nov. 28 was bushels it was announced from Washington Friday. This Quantity shows Farmers borrowed on 000 bushels additional wheat in the two weeks prior to above Date. Loans year ago were on bushels. The bushels of now under Loans 000 were in farm storage and in country warehouses. A Yea stored on farms bushels bushels. And terminal ago Quantity was in warehouses Argentine Cable 1o new York interests said hat Argentine wheat is yielding Only eight to nine bushels per acre in the North. Test weight is also below Normal. Chicago reported that late buy ing in that Market on thursday was from milling interests. It is stated that the increased demand for flour in the . Should stimulate the shipping Trade and draw attention to the Small amount of wheat in store for commercial interests in Chicago. On thursday 19 boats carrying a total of bushels of All grains cleared from the Lakehead ports. Country marketing thursday last or. Some observers believe that . Will require remaining surplus comment we. Reid co. some traders believe that All of the . Accumulated wheat sur plus will be needed before the new crop is harvested. This Quan Tity totally bushels including the wheat surplus in All positions july. 1. This is in Addi Tion to the bushels to Tal surplus in Canada on aug. 1, which makes a surplus of the two countries of bushels be fore providing for any carry Over into the 1940-41 season. This is an immense Quantity of wheat and under the Circum Tances makes the chances of America re entering the wheat Export Market again this season very emote. In our opinion the , not need Export business to ustain the present Price level Ighile growing conditions for win or wheat Are so deplorable. Thursday s showers were insignificant and afforded no Relief in the dry districts of the West. The unfavourable political developments in Europe confirmation of Small Argentine crop now being harvested and the higher loan Alue this season All contributed o the strength of american wheat rices. India is not shipping any wheat. The weather is too dry in the Lorah Western provinces and seed no is delayed. Most of the wheat s in the ground As the seeding period is october to december but germination is poor in the North West. It is very important How Ever to have generous Rains in january which corresponds to our Pring. Wheat coarse grains cars loaded wheat coarse grains 642 99 632 10b Broo halts australian agent cables that Early deliveries of wheat j arc of excellent Quality. Frost and rust damage is prevalent in All states however and final yields Are Likely to show a reduction compared with earlier indications. Common dividend x o. 119 the final for the year i9j9 of fifty cents per share has been declared on the outstanding com Mon Stock of this company payable december 20, 1939, to of record it the close of business de Cember will be mailed. The ctr Jan company e. L. Noetzel the Royal Bank of Canada a Kuai fee Ting Phe annual general meeting of -1 the shareholders of the Bank will be hold at the head office 360 St. Lames Sti out West in the City of Mont real on thursday tha Lith any of january ia-10, at 11 o clock . By order of the Board. S. G. Dobson general manager Montreal december 1, 1933, the Santa be railway which runs through the heart of the United states Winter wheat Belt sums up crop conditions in their territory by stating that unless an abundance of moisture is received shortly in this area crops will reach a new Low level. Drouth has caused a reduction of 10 to 15 per cent in acreage wanted and much of the wheat has ailed to germinate. Plant growth at Best is so scant As to increase the menace of Winter killing and soil slowing. Chicago private wire said thai the Lack of pressure in the Winnipeg wheat Market is attracting attention in the Trade and is believed to be linked with wheat negotiations of tween Canada and the United kingdom. S closing Cash wheat spreads or Friday included no. 5, no. H and feed wheat Down in Garnet grades Down in special no. 4 Down he and special no. 5 and no. 6 when Down in. S Broomhall s australian correspondent cables that Early deliveries of wheat in Australia Are of Excel Lent Quality. Frost and rust dam age is prevalent in All How Ever and final yields Are Likely to show a reduction compared with earlier indications. The visible Supply of wheat increased Snoder lately to bushels compared with a week ago and 20, bushels at this time a year ago. Adverse weather has held q the movement to some extent by the visible will probably increase rapidly from now on. December deliveries deliveries through the Clearing House on december contracts c listed of bushels of flax. Luu in British ship t arrivals expected Vancouver ., dec. 1. Special of month found no signs of any substantial buying interest on he local Grain Exchange thursday. The general impression among the Rade was that a Lull in British ship arrivals Here is to be expected for he time being As a result of the magnetic mine situation. There vere no sales confirmed during the session. Majority of trustees were turned to office at the annual meeting of the Vancouver Mer Hants Exchange thursday. New president will be named at the first meeting of the new Board next week. R. M. Bryan Well known Grain Man and head of Hall Bryan i melted is in line for the presi Dency. Elevator receipts thursday were Down slightly at bushels movement also held lower with 458 cars in terminals Here ind Only 145 cars in transit on Divisions. Short Trade few buyers on Market Union stockyards Winnipeg and St. Boniface dec. Receipts at the Union stockyards up to s o clock Friday morning consisted of 110 calves and 120 hogs with an additional 100 cattle showing up during the same period on through Billing. Adj not from a Lew deliveries coming Ott trucks there is nothing further in sight to. Arrive in the Yards during the Day. With scant Supply show ing up on the Market for a Friday and very few buyers out in search of Friday morning trading was of fairly Short duration with barely sufficient transactions being registered really test but the actual strength of the Market. The few Plain to medium killers which predominated among the Short receipts were worked out about in line with earlier sessions this week while the Small Sprink Ling of stockers met with a rather indifferent demand and appeared to change hands at barely steady rates. The calf Market maintained a steady tone Good hand weight dealers being in request up to with old Choice Light calves being entitled to sell at a higher figure. The hog Market eased off a trifle from the close of thursday Bacons Selling at the Mark with sows being priced from to the sheep and Lamb Market was lore 01 less at a standstill Early Friday morning owing to the Lack of fresh arrivals and reliable quotations were not established outside markets South St. Market generally steady. Canadian to bulls mostly four cars of canadians cattle Market no canadians act cows Down on offer. Chicago generally steady offer. Livestock quotations Union Stock Yards St. Boniface Man., dec. 1. Up to Choice 6.75 7.00 Good 6.00 8.50 medium 5.25 fi.75 common .4.50 5.00 steers Over is Choice 6.75 7.00 Good medium 5.25 5.75 common 4.50 5.00 Choice 6.50 fi.75 Good 5.73 1.25 medium 5.50 common 4.50 4.75 fed Cloice 8.uo h.50 Good 7.00 7.50 medium 6.00 6.50 Good. 4.50 4.75 medium h.75 4.25 common 3.50 3.75 canners and cutters 2.75 3.50 Good 4.75. Common .------.3.5q .4.00 Stocker feeder Good 5.50 medium. 4.75 5.25 common 4.00 4.50 Stock Good. 4.50 5.25 medium 4.00 4.25 common 3.50 3.75 milkers 40.00 60.00 veal Good and Choice 8.50 10.00 common and medium 5.00 8.00 grasses 4.50 0.50 1.00 per held invasion of Finland by Russia May have an indirect bearing on Canada s to the United states so far As newsprint is concerned. Actual Trade Between can Ada and. Finland has been rather negligible. In the , total Trade Export and import Only totalled about half a million dollars of the greater part More than four fifths was made up of exports from imports being less than in value. B the position of Finland in regard to . Imports of newsprint is More important. During the first nine months of 1939 the United states imported 247.859 tons of newsprint from european countries and of this total tons or almost 62 Pel cent came from imports from Sweden amounted to less than one third the finnish total or tons. Norway shipped 33.621 tons or a Little Over 20 per cent. Dislocation of overseas shipments of newsprint resulting from Russia s attack on Finland May compel United states publishers to rely to a still greater degree on Canada for an assured and regular Supply of newsprint particularly As Mills in the United states have been operating at capacity for a considerable time. Apart from the advantages which May accrue to the Canadian Mills directly there is a further and More National gain in the not inconsiderable volume of foreign Exchange which such transactions will place at the Call of the Canadian government. W during the past year finnish exports of newsprint have been Steadi y gaining As against a falling off in swedish shipments. The latter declined by tons while the former gained tons. Norway also showed a substantial gain from tons to tons. In the Case of pulp exports Finland is also an important Factor but not to the same extent As Sweden. In nine months of the current year the latter coun try shipped tons of sulphate pulp to the United states compared with tons Lor Finland while in. Kraft pulp Sweden exported 368 tons against tons Lor Fin ind and in ground Bod plus ship ments were Sweden tons Finland tons. Another matter of some interest to Canada is Finland s Copper Nickel deposits. International Nickel has holdings at a Point not far from the Tissian Border and in fact one of the Points already seized by the rus Sian red army is Petsako. Which lies 30 Miles Northeast of these deposits. It is Only within the present year Russia has managed to become a producer of Nickel and the. Exten Sion of her resources along this line is probably a part of tier. General scheme. Al. P. Cons. Alderman Arnm. Gold. Anglo c. Anglo h. Arn Leld Ashley Astoria q. Base metals. 3. E. A. A. Bobo Bralove Brett t. 3rown Oil Roulan Buu Onk. Bar. H. Sex. Select Bacon Bacon butchers heavy extra heavy lights and feeders no. T sows no 2 houghs Stags Good Handy weight Good heavies. Common Fucks Good heavies Good common 1.50 per head 7.25 5.75 3.50 5.75 5.00 5.50 9.30 8.50" 8.00 2.00 disc 1 7.25 8.75 5.50 4.50 8.00 8.00 8.00 3.50 american can am. 3, ref. Cd t. To. . Tob. Anaconda cop. Ate. Top s. Be Bendix a. Beth. Steel Boeing air. Org. Chrys corp cons. De. Corn uror ducts a Curtis Wright Douglas aircraft. Eastman Freeport Argentine Sli laments this we. Jast we. Last or. Wheat a torn Oats 168.000 Rye Barley since Jan. 1, to Date. Argentine near and flour shipments have totalled 000 bushels As compared with bushels for the corresponding period n year ago. Broo Nhail reports Australia s wheat visible Supply at bushels As com pared with bushels a week ago and bushels last. Year. Grain inspection cars inspected Tor thursday nov. 30, wheat Spring Man. Hard a 1 Man. 286 2 Man nor., 138 3 Man. Nor. 42 4 Man. Nor., 39 no. 5, 7 no. Special 7 touch 118 Damp 2 no 1 Garnet. 4 no. 2 Garnet. 11 no. 3 Garnet 3 Tough Garnet. 12 2 am durum. 1 am. Durum. 1 Tough mixed wheat. 1 total cars wheat 050 . 700, cars of contract wheat 507. Coarse Cral Tik ., 20 sex. 3 17 3 1 sex. 1 Joed 2 1 feed 13 2, feed. 2 Tough 7. Total cars. 62 . 41. Row. No. 2 21 six Row. No. 3 21 1 feed. 2 2 feed in 3 feed. 2 Toush. 17, total cars. 81 . 52. 10 touch 1. Total cars 11 . 1. 2 11 3 4 1, total cars. If . A Corn grand total c.p.h., 450 c.n.r., 337 m. Winnipeg Gash prices these prices Are always the quotations on Cash grains at. The time of closing the future Market and refer Only to Grain in store at fort William and port. Arthur. Dec. .1, 1939, no. 1 hard no. I Northern no. 2 Northern no. 3 Northern no. 4 Northern no. 5 wheat no. Whent ii feed wheat 00, to. 1 Garnet 2 Garnet fi7vii, no. 3 Garnet no. 1 hard Tough no. 1 Northern Tough 75 it no 2 Northern Tush no. 3 Northern Tough o. 4 Northern Tough no. 5 Lough o. 1 Northern smutty n o. 2 riot i Orn smutty no. 3 Northern smutty no. 1 Amber durum no. 2 Amber durum no. 3 Amber durum no. 4 Timber durum n of 1 while Spring and. 2 White Spring no 3 Spring b2 a no 4 special no. Special in no i special so no. T mixed wheat truck basis no. J Northern no. 2 , 35 vow no. Sex. 3 I no. 3 Sex. 1 feed no. Feed no. 2 feed no. 3 feed Itsvo track malting grades no. 1 , 6 Row 4614, no. 2 Brow no. 1 2-Row 47vi, no. 2 2-How no. 3 a Kow 45 a. Other grades no. 1 feed 45, no. 2 feed no. 3 feed track 4514. No. 1 168 a no. 2 164 a. No 3 No. 4 , track no 1 No. 2 No 9 Bel. 2 no 4 Track the forecast predicts air Sorn what colder Friday night and saturday in Kansas and fair in Western Missouri while intermit Rains and colder weather is suggested for Illinois Indiana and wis cd sin. Other states generally fair and colder weather is forecast. Toronto industrials Bingo Era Mckay Ltd brewing corp. Brewing cup. Pad Burlington steel v can. Bud. Brew. Can. Cannera Canada bread Canada dredging. Can. Vinegars can. Gen. Elec. Can. Oil. Cons. Bakeries cons Gas porn. Stores Fanny Farmer Ford of can George Weston Goodyear of can Gypsum l ;