Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 20, 1940, Winnipeg, Manitoba Page fourteen Winnipeg free press thursday june 20, 1940 Livest Grain Exchange Winnipeg. June 20. Winnipeg wheat prices were in a rut on thursday with prices showing an easier tone and closing so to r so lower with the july finishing at Winnipeg july oct. Dec. Open 71 is 74 2 75 i High 71 ?4 743.4 "058 74 75va-a close 75 is a Prev. Close 71 blast year 60% 61% 63 minimum prices july october december 30 29 a a 30b so n 28 27 2 27 i 27-a 27-a 26t- a a july ocl. Dec. Barley july oct. Dec. July 132 z oct. 133 the july 433i i 4. I v i oct. 4353 minimum Ami quoted at Jacc Var developments continued Toj dominate the Market and con 34 2b 34 a 137 in 141 44b 3334 34h-a 1321-2 133 43% 134b 137 44a 44 via 35b 132b 135 43 Tib 44vsb 36% 36% 141% 141 trip used to the hesitant action of the Trade. While there ittle a Seressie Export buying sept. In evidence there were Lions that a moderate in Drums had been worked a sept the local Market received Little dec open a 79 79 s b2 60 Chicago High Low 8 "4 731-4 79% 62 2 604 53 78% 78% 6112 59% 57 close 79% @-79 59% 29 m. Of i 43 4 45 2 so a 42 s 44 46% 31u 29 h 30 41 43 v4 45 h 31s Sou 41 a 43% a 45tsa Minneapolis open High 76% stimulation from Chicago. Which also failed to show any very Dofi Jept. Nite trend. United slates crop dec. N How nver. Were not As _ Nib in Wilh certain sections of Tell cog t american Spring wheat Belt to be urgently in need of rain. An Stock Market however can a trip Nilca 10 hesitation in the Chi a Market. July local i ices showed n soft tone sept. Most of the session Wilh the july dropping to the Peg in the initial trading when Light hedging i dark nor. My protein 5s-60 is. Scattered liquidation found Little buying Power. A firmer tendency at Chicago brought a modest re covery at uni session and Southern interests were credited with some buying in the october believed to be in connection with spreading with Chicago. A routine orders in the october attributed to overseas interests and presumed to be a continuation of the of old sales were also in evidence while Mills made Low close 76 so i 76 76li 777sb 76 a 714i Minneapolis Cash wheat close june 20 Prev. Close 78% 79 vis is 62 60% 31% 29% 30% 41 b 43% a 45 Prev. Close 76% b 77 h b june 19 Winnipeg privileges closing Winnipeg daily privileges. Thursday. June 20 bids offers july october 74% Liz it purchases in the july. Value slipped Oft near the close when Chicago cased with the july again touching the Peg. Odd cars of 1. 2 and 4 Northern 5 wheat and the Garnet grades were trading in thursday s Cash wheat Market. Export houses were taking the i Northern and Mills the Day night and Friday remaining grades. In the Cash coarse j grains brokers reported they could i b. Snow. American crop of handle 2 . And extra 3 .j server says beginning with Sun Oats in volume if these grades were Day. June i. High temperatures obtainable they were wanted by land absence of rainfall have been Cash wheat spreads Cash wheat spreads thursday j were unchanged at nominal prices. Fair to partly Cloudy with scattered thundershowers Are forecast for the . Wheat Belt for thurs wheat quotations closed thursday As follows Winnipeg to cent lower. Chi Imago to is cent lower. Minneapolis unchanged to cent higher. Buenos Aires wheat exporters for the new England Trade but no quantities could be bought. Odd cars Grade Oats were Selling to Domestic interests. There no interest in High Grade Barley but a Little was shown in the lower grades by shippers with occasional Carlots being offered. It was a Light Trade in the coarse Grain pit. Chicago houses were buying Oats in fair Quantity either Lor Export to the United states or on a spread against sales at Chi Cago. Domestic buying in Barley Ivas reported. Otherwise the Trade local and included spreading operations. Routine 41 per Ceet wheat acreage in Thatcher Thatcher wheat this year has still further increased its Lead As the dominant variety in Canada according to the annual Survey recently completed for 19-40 by the Scarle Grain company limited. The Survey shows that Thatcher now occupies 41 per cent of the acreage seeded to wheat in the experienced in the hard wheat territory of the Southwest. On june 18. Seven stations out of eleven in Texas. Oklahoma. Kansas and Nebraska experienced temperatures of 90 to 102. This with the crop a week or ten Days late must result in serious injury to the yield and shrinkage in weight and Quality. Prospective carryover of More than 500.000.000 bushels of old crop wheat this year in the u. S. And Canada is too great in the Light of existing new crop promised to expect any High Price for says the Chicago journal of com Merce. The Market seems to have Price discounted the situation from a Supply standpoint taking into consideration that War and unfavourable weather has reduced euro Pean production of wheat so that any constructive developments from Here on should interest buy ers. Such developments could be re opening of presently blockaded european outlets or crop deterioration in the u. S. Or Kansas. Missouri. Nebraska and Iowa reported rain wednesday night and thursday morning while other states in the u. S. Wheat Belt reported mostly Clear. London june cereals three Prairie provinces As com i control Board of the United King pared with a figure of 36 per cent Dom has announced uniform Selling last year. Marquis wheat now is Price imported wheat of si.13 per in second place occupying 27 per Bushel less rebate to Millers of of the seeded acreage As com a about 42 cents representing Tenta last year Tive subsidy arrangement to keep Price of bread Down pending settlement Between the ministry and Millers. Pared with 32 per cent the third place goes to red bobs. Which now is seeded on 14 per cent of the acreage As compared with 12 per cent last year. Renown is now sown on per cent of the acreage. Apex on 2.5 per cent. Gent on 1.3 per cent. Reward on i 2.4 per cent. Garnet has again de cars wednesday june 19, 1940 dined Ennid Crable. occur Vingi Only 2.2 per cent of the acreage i 1 Grain inspection compared with 4.7 Turnr. Durum per cent occupy i Man. 2 Man. Nor. 233. 3 Man. Nor. Last 35 4 Man. Nor. 4, no. K 1, no. 4 special i Tough 11. Rejected 2. No. 1 Garnet 2. No. 2 Garnet 7. No. Garnet 2. Tough per cent has also declined a i pm. Durum 4. 3 am. Erakly from 3.2 per cent last year. Coarse taking tic provinces 43 7. 2 feed i. J thatch or leads in Manitoba occur Fec i i. Mixed feed Oats 2. Toueh 2. Tiv 1" cent of 1ho Row no. 2 . 4. Six Row i cent of the seeded no 3 j. W of cd a 3 of cd u acreage. Thatcher too leads in Sas a . 9. 3 . 2. In Chewan. Having been sown on is per cent of the wheat acreage. To. Alberta however. Red bobs now wheat is he dominant variety occupying Barley 42 per cent of the acreage with flax Marquis for the first time in second r place occupying Only 40 per cent fit the wheat acreage seeded. Thatcher for the first time is creep into Alberta having been sown Spring on 3.7 per cent of screenings grand total .142 30 13 13 2 last year 128 72 23 j 17 243 acreage sown in wheat. Canal traffic . June 20. Tri on record and contract moment by roads . Os2. . Soi. . Argentine shipments 000 omitted Prev. We. Last year wheat and flour v 97-1 5 364 Corn 610 1j20 s 205 572 413 73 100 wheat and flour shipments since Jan. 1 were 78.8.38. Against 82.1-17 last year. Of the past week s wheat and flour ship ments from the Argentine a total of 2.730.000 cleared to the United kingdom 716.000 to Spain and .mo.000 to non Europe. Argentine visible Supply 000 omitted to past we Prev. We. Last or heat r.s18 8.813 Corn 7.s74 s.26s 7 081 Black sea shipments 1000 omitted past we Prev. We. Last or wheat. 45b 992 103 Barley 23 there were no Prain clearance from South russian ports the past week. Country marketing wednesday year 533.000 87.000 loadings 1.330 wheat coarse grains wheat coarse grains deliveries this year aug. 1 to tune 19 397.43fl.000 146 14 last. Year seeding supplies Are scarce in Argentina Broomhall comment our correspondent in the Argen Tine says that the weather is too wet and that seeding is being delayed in the Central zone. Precipitation since january 1 has been 5 inches above Normal and he is afraid that the seed May rot in the ground before it germinates. Sup plies of Good seed wheat Are very scarce this season due to last year s crop failure and it is not Likely that Farmers will be Able to reseed to any great extent for this very reason. Shipments of wheat continue heavy to Spain and the United kingdom. That shipped to the continent is being diverted to eng land when shippers can come to terms about the Price. The English freight rate is Only 50 per cent of that paid by neutrals and Many ships Are waiting in Irish ports until the matter of Price can be settled. The american weather is Gener favourable Cor the cutting of Early wheat and there is less talk of rust damage although some East Ern districts Are sending in rust damage reports. The present hot weather will hasten ripening and promote cutting. Coast Export interest lacking raised 5 Tough 3311. Total tonnage on the wetland "xo.1 Northern smutty ship canal 2.051.029 tons com 3 Vancouver ., june 20. Spe Cial wednesday s session on the local Grain Exchange passed with out any Export interest materialize these prices arc always the quotations ing. No further word has been heard Here regarding the proposal of Japan to buy considerable Quan Tity of Canadian wheat for chinese refugees with chinese Silver re leased by Allied Banks in tientsin and general impression in Trade Here is that nothing will come out of the plan. Board of Grain commissioners will hold regular hearing Here Winnipeg Cash prices grains at the time of closing the future Market and refer Only to Grain in store at fort William find fort Arthur. Nominal close. June 20. 1 hard 71. 1 Northern pared with 1.323.937 a traffic o totalled 1.159.263. Year ago. Mutty no. 1 Amber durum to. 2 Amber durum no. 3 Amber u the St t i durum 60 7 a. No. 4 Amber durum cd canals no. 1 White Sprinc no. 2 Whit the richest Man against Spring n of 3 White Spring no. 4 special fi2sa. No. 5 special 583 a no. G special no. 1 mixed wheat 573b. Track basis no. 1 Northern 71 "4. Screen per ton 75c. No 1 . No. Sex. 3 . 30. No. 3 . Sex. I feed no. 1 feed 29lj. No. 2 feed 271- no. 3 feed 25. Track no. Grades no. 1 . 6 no. E . A Row no. 1 liners you a free copy or his Book. The Universal life annuity co. . 2-Row no. 2 . 2-Row 39 no. 3 . Other grades no. 1 of cacti no. 2 feed no. 3 feed 29 i. Track i . 133 n. No. 2 . 120 i no. 3 . 122. No. 4 . 109. Track no. 1 . No. 2 . 43 3 . Sci. 2 . No. 4 a . Track 45 j. Thursday but meeting is expected to be merely formal one As no applications have been received for any changes in local elevator tariffs. Chairman e. B. Ramsay is not making trip but commissioners Mcgibben and Hamilton along with Secretary Reiner will be present. Port elevator activity during past 24 hours was confined to local ship ments of bushels with Noth ing for Export and no receipts. Steel company of Canada limited cents common and 43% cents preferred both payable aug. 1 to shareholders of record july 4. Too Many inferior cattle Union stockyards Winnipeg and St. Boniface june receipts at the Union stockyards up to nine o clock thursday morning were made up of 300 cattle 160 calves 200 hogs and 25 sheep and lambs with additional 45 cattle showing up on through Billing. Apart from deliveries expected to come off trucks there is nothing reported to arrive in the Yards by rail. It was More or less of a clean up Trade on the cattle Marke thursday morning and with fairly moderate supplies on hand action was possibly a Little More brisk compared with earlier sessions this week. The few Good dry fed Butcher cattle at the disposal of the Trade again met with a very dependable outlet and changed hands on a steady to firm basis. In fact there has been a Good in Quiry All this week for anything on the dry fed order approaching suitable Quality and finish. Buyers were faced with another rather Plain assortment of offer Ings to work on again thursday with a Good share of the receipts neing divided Between Grassy cows and the Plain to medium variety of Light Stacker cattle and these classes appeared to find outlet about in line with the week s de Cline. Shippers evidently exercised rather poor judgment by putting ,00 Many inferior Grassy cattle on he Market this week which re ulsted in a drastic overhauling of he Price Structure on cows which n some instances sold fully is be of the Best Selling time of last Veek. And it would appear that buyers will continue to Bear Down on this class of material provided he numbers Are sufficiently Large .0 warrant further scaling Down of prices. There is every indication for n Rood Active outlet for suitable dry fed Butcher cattle during the immediate future and any selected material put on the Market will n All probability command quite attractive rates. The Trade at the present time is not n a very receptive mood for too Many Ilain to medium Light Stocker cattle Tut a fair inquiry is still in evidence or the better grades of stickers to fill iut orders and such kinds Are maintain no about the same strength which has characterized this Angle of the Trade recently. The calf Market quotable on a nominally steady basis Best Handy weight Selling from s7 to s7.50. And Plain o medium calves from s4.50 to s6. The hog Market held in line with Vadne Sony s close Haco is cashing at fed and watered or equivalent to 10.35 or. A rail crap basis. With fairly Short supplies showing i a n the sheep and Lamb Market the Trade used More or less in line with earlier sessions this week Good lambs holding at a top of s9 and plainer Light lambs cashing at 57 and below. Outside markets cattle 300 held overs. No Early sales. Wednesday s Trade ruled 25c to ode lower for the week on All killing classes Best steers ranged from s8.50 to s8.7.t. Butchers Selling from s7 to s3. And cows downward from s5.75. Hog receipts 30 Bacons sold wednesday at f8.3s, off trucks and Sll to s11.10. Dressed. Not sufficient sheep and lambs stocks Bonds Industry Kalph d. Bakeis who has been re elected presiden of the Winnipeg Stock Exchange. Acme Afton. Ajax Toronto inf Ham Mckay Ltd net High Low close change sales 3b Iva. 15a Aldo Mac amm. Gold Anglo c. Anglo h. Arntfield Ashley Astoria q. A nor bag Mac base m. B. E. A. H. Seattle bid. K. Big miss. Bobo Bralorne Brett t. Tib to in 48 sob 5b 2b 100 5 3 85 1314 4b 760b q2 i 48 i 200a 5a 3a 100 j. 7 85 1001 401 35 3001 1001 2501 2500 401 2011 3rown Oil Roulan Buff. A. 305b Buff. Can. Go .17 1-1 Bunker h. E. In c. I e. Corp 107b Cal. Oil Ian. Mai. Car. G. Castle t. 41 i fish cent. P. Can p Chr. M. S. 140 5b 45 41 170a 55 1250 1050 Coch. W. Loni aur. Com. P. Commo in 17b offer to establish South St. Trade. Cattle Market Active with a Strone undertone. Medium bulls ranged from s6 to Only one car of canadians on offer. Of Market mostly it adv to Strong. No1 canadians on offer. Livestock quotations on Page 15 Dorison 3ome Dora. S. Sas Crest East a. Eldorado sex. Oil Falcon. Fed. Kirk. Renland . Pete. Billies Lake. Lenora god s Lake Oldale Lold Easle Golden Gate codfish Ira Ham b. Grandora 3unnar la Crow s. Lard Rock Harker High. Narcee Hollinger Home Oil h. O. G. Howey H. B. M. S. 21 my 14 3 17b in 220 35 13b 190b 2b 32h 5b 21 a i a 2gb 9b 8b 215 2v3b fish 3ta 7b 10 140 1 2b 3 20a 220 5 15 2a 205a la 4 .-33 Ivia 35a Ina a la 4a 10 140 j 4 3 a 21 a 1000 2000 2500 2350 13750 700 1833 Oil pipeline studied by government Ottawa june 20. Up Field parties of the geological and Topo graphical Bureau of the Dominion government Are studying problems of increased production of Oil in Canada c. A. Johnston cn.d., Bow River was informed wednesday in a return tabled in the House of commons by resources minister Crerar. Officers of the department Are studying the report of an investigation into the feasibility of constructing a pipe line from Turner Valley oilfields to Ontario and Survey and exploration efforts have been increased in Alberta and Bor Dering parts of Saskatchewan where the number of parties have been increased from six to 17, the stated. Montreal Osier Hammond Nanton Security markets new neither War nor peace bulletins inspired buyers in thursday Stock Market and quotations generally pointed lower. Late news on the president s Start toward a coalition Cabinet by the nominal of of Republican stalwarts. Col. Frank Knox and col. Henry Stimson As secretaries of the Navy and War respectively seeming in surprised brokerage circles. It was debatable though whether appointments were immediately a Market Factor. Toronto a More cheerful note dominated the Stock Market Inrush by and volume increased on firming prices. Industrial and Gold Stocki displayed the main strength while base metals and Western out showed Little net change. British american Oil firmed a to i and smaller fractions were added by Imperial Oil and International Pete. Dominion steel Eastern steel steel of Canada and United r steel All marked up narrow gains and Westons preferred Aid National grocers showed gains against losses for Laura Secord Fanny Farmer and the canners issues. _ Montreal the Slock Market generally ruled firm in quiet late Trade Tauric i Day although a few substantial soft spots marked the list. Montreal1 Power found support and tacked on an Advance of More than a while brazilian added a fraction. Bell Telephone however fell two Points and Power a eased fractionally. The preferred issues of St. Lawrence corporation and St. Lawrence paper showed sizable fractional gains. . Added a Small amount. Ulolo had a Down Ward adjustment of four Points while Canadian celanese backed a Point. I average height of wheat Plant on Prairies placed at 9 inches wheat in Western Canada has reached an average height of nine inches according to the weekly Market news telegraphic crop re port issued thursday. The Survey shows the wheat crop has experienced 3.2 per cent damage As against 4.5 per cent in the comparative 1939 period. 130 Points state conditions to be better than last year 178 report the same and Only 52 Points worse. The wheat Plant has reached an average height of 11 inches in Manitoba last year 13 9 inches in Saskatchewan 10 inches and 8 inches in Alberta 9 Over the Prairies As a whole the height of wheat aver Ages approximately 9 inches last year 10 tooling is above Normal at 59 Points Normal at 280 and below Normal at 23 Points. 43 per cent of the Manitoba Fields have reached the shot Blade stage 63 per cent last 26 per cent in Saskatchewan 26 per cent and 7 per cent in Alberta 15 per coarse gain crops Are also in Good shape Oats Barley and flax being 94 per cent of Normal in Manitoba. 93 per cent in Saskatchewan and approximately 98 per cent in Alberta. While the Spring and Early sum Mer weather had helped crops to develop sturdy growth and Good so stems it has also brought along weeds. However weeds Are Only a serious threat at 18 Points All told four in Manitoba 13 in Saskatchewan and one in Alberta. Grasshoppers have hatched out in various numbers and slight infestation is indicated at 20 Manitoba Points 63 in Saskatchewan and 18 Points in Alberta. Over the whole Prairies. 14 Points indicated serious infestation these being mainly in South West Saskatchewan and nearby districts of Alberta. Lake navigation fort William june 20. Efrain Oats cleared. Thursday with bushels one vessel is loading Grain. June 18. Down. Wah Condah Sault St. Marie Light Frins will pm i. Duluth. Weight. June 19, Down Glenross. De Roit and Montreal wheat newsprint Jas. B. Eads Barge 137 in Tow of Midland wheat Laketon. Buffalo wheat Royal ton. Oswego wheat Rye in Alf Krupp. Loading Grain Mondoc. Loading pulpwood. At buy ing 4.43. Selling 4.47 . Dollar buying 1.10. Selling us franc unquoted. At new Canadian Dollar .80 a franc unquoted. In s2.42 . Dol Lar 61.06 cents Canadian Dollar 55.06 menu int. Nickel j. M. Cons. Jacola. Jellicoe. Kerr and. K. H. Bay Kirk. Lake k. Two. Lake so. Lam. Gold Lapa c. Lebel Oro Leitch Little i. L. Mac. A. Mad. R. L. Mai. Gold Mandy Man. To e. Mara go Mclyn. Pore. Mck. R. L. Mcvittie Mcweat. Min. Up. Model Oil Monarch Moneta mor. K. Murphy Nat. P. Nabob newbry Nipissing Noranda Nord. Up. 33 Job 2 4ta so 153 14s Alta. P. G. Aita. P. A. Pad. Algoma steel Asbestos Assoc. Brew. Bathurst a Bawlf g., pad. Bell Tele. Brazilian 3.c, Power a 3.c. Power a Bruck silk log. Products can car f. An. Car. Pad. An. Cem., com. Can. Cent., pad. C. N. Com., c. N. A. Ltd. Can. Ss., com. Can. Is. Pad. Can. I. At. A can. I. Ai. A c. Bronze pad. Can. Cel., com. Can. Cel., pad. An. Converters can. P. A. Cock shut plow con. M. Pcs. Of. Bridge Dom. I. Com. Dom. Steel Lorn. Tex., com. Eastern a. Electro Lux. Mind. Co. C. Gat. Per. R. Get per. Ned. In. S. W. Pad. Gurd. C ;