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Show BEAR RIVER VALLEY LEADER, THURSDAY, DECEMBER 12, 1929. Weekly Grain Market Review Grain' prices generally averaged slightly higher than a week ago at the close of the market, December sixth, states the weekly grain market review of the U. S. States Bureau of Agricultural Economics. Wheat steadily advanced early this week with moderate export inquiry, fair demand and continued unfavorable reports of n in Argentina. Export crop sales declined sharply and domestic flour trade slackened during the latter half of the week and wheat prices declined to a point only slightly higher than a week ago. feed Grains developed a decidedly firmer tone with lighter offerings and good consumptive demand. Flax prices averaged higher. World wheat and flour shipments decreased sharply to the next lowest point for the season to date and were less than half those of the corresponding fugures for a year ago, totaling out-tur- only 9,900,000 as against 22,000,000 for the same week of 1928. The reduction of around 3,000,000 bushels from the previous week was mostly accounted for by a decrease of over 2,000,000 bushels in North American around 1,000,000 shipments and bushels less from Argentina and Uruguary. On passage figures have also declined sharply during recent weeks and are now less than half those of the corresponding date a year ago, totaling only 28,600,000 bushels at the first of December as against 63,500,000 bushels last year. Arrivals in the United Kingdom continue heavy, notwithstanding the large stocks already in store in British markets and for the last week of November were 1,000,000 nearly bushels greater than for the week Arrivals on the continent were also moderately above those of a week ago, reflecting the better inquiry. Foreign takings of wheat, however, continue to be restricted by milling regulations and high import duties. Germany has prolonged the present milling regulations for using fifty percent native wheat until January 31, and French millers are required to use 97 of native wheat Native supplies in Spain are reported to be ample for current bids. Austria has recently purchased Canadian wheat for mix ing while Greece has also been moderate purchaser of foreign wheat. Native wheats continue to be freely offered in most European countries but with little selling pressure prices are practically steady, showing only fractional changes in quotations for the week. Good native milling wheat was quoted at Paris at $1.69 per at bushel, at Hamburg at $1.42 Genoa at $1.33 and at Copenhagen at $1.19 per bushel. Durum wheat prices in foreign markets advanced around lc for the week with African durum at Marseilles quoted at $1.76 as against $1.44 for American durum whcih is subject to 53c duty. Native . pre-cedin- g. Italian durum at Naples was quoted at $2.25 as compared with $1.34 for American durum subject to a lie duty. Reports from the southern hemisphere continue unfavorable aln by var though estimates of ious trade authorities show wide variations. Cutting is now becoming general and early reports indicate very irregular yields. In addition to n the quality the smaller total of the harvest this season appears to oe greatly inferior to that of last year. First samples of wheat in Argentine tested only 49 lbs. per bushel as against an average of 63 to 64 lbs. last year. The quality of the new A crop is also much lower than . that of 1928. Wheat: Light wheat receipts were in general not equal to the demand and stocks at the principal terminal markets were reduced further. Mill inquiry for hard winter wheat continued fair to good for the light to the moderate offerings, however, higher prices early in the week stimulated country movement. Good quality offerings were readily taken at Kansas City but inquiry for No. 3 and low grade grain was slow although ofTTngs were not burdensome; No. 1 hard ordinary protein was quoted at that market December 6 at $1.23 to 4 and No. 2 at $1.25 with premiums of lc-2- c for 12 protein at 2 3c over orginary for 13 protein. Country movement to Omaha showed a material increase but Mills shipping demand was light. continued to purchase protein wheat of medium grade for their needs; No. 2 hard winter 12 protein was quoted at that market at $1.24. Farmers in around Wichita sold freely at the higher prices early in the week and receipts increased. Offerings at St. Louis, showed sno charge although the West was offering wheat at easier premiums. A special mill demand was in evidence for low protein blending types at about 4c over the Chicago December price for No. 2 hard winter. For the frist time since early this sea son some wheat was worked for ship ments from Ft Worth ' for export Previous exports have been largely from the past summer's accumulation at the congested Gulf ports. Ordinary No. 1 hard was bid by mills at Ft. Worth, delivered Texas common for export points $1.35 and $1.34 out of Galveston. Soft winter wheat was relatively firmer than other classes of winter wheat. The noticeable increase in country marketings with higher prices early in the week was the market feature at St. Louis. Premiums eased off slightly but the demand continued fair. Slow flour trade at Cincinnati more than offset the influence of good request from southern interior mills. Offerings were light at Kansas City millers was active and prices advanced but demand from shoppers and local 3c over those of a week ago; No. 2 red winter was quoted St. Louis at St. Louis at at Concin-na- ti 6 $1.35 and at Kansas City per bushel. out-tur- out-tur- an $1.22-$1.2- -- $1.37-$1.3- 9( Prices of spring wheat showed little change from a week ago. Mills were not active buyers at the high level reached about the middle of the week but were reported taking liberal deliveries on December contracts. Protein premiums were barely steady. The average protein of all wheat at Minneapolis during the week was 13.2, according to the Minnesota inspection department; 12 and 13 protein No. 1 dark northern was quoted at Minneapolis December 6 at from 3c 6c over and 14 to 15 protein at from c over the December option, which closed at $1.30(4. Trading in the Duluth market was rather narrow with light receipts and offerings. Mill owners were reported withdrawing holdings from elevators; No. 1 dark northern was quoted at that market, at the close of the week 4 per bushel Market strength was displayed at Winnipeg where cash wheat followed the full advance in ftures and No. 1 Manitoba closed December 6 at $1.42, a net gain for the week of 3c while the December option gained per bushel. The durum market continued strong with a fairly steady export demand, although the tone was somewhat less firm than a week ago. Eastern inquiry slackened somewhat at the high er prices an dsemolina turned weaker, but good quality grain met a steady demand from domestic mills; No. 1 6 amber durum protein was 6 quoted at Minneapolis at per bushel. Pacific coast markets continued firm and prices advanced. Domestic mill demand was slack but export inquiry early in the week was fair. However, the advancing prices tended to curtail further off shore trade. Buying by exporters, millers and feeders was quiet at Seattle. However, some export business was reported worked towards the close of November against hedged stocks. Futures advanced and cash wheat at Portland c was up Big blue stem hard white was quoted at $1.43, soft and western white $1.29, hard winter northern spring and western red $1.27. Early in the week export trade of around 5000 tons to the United Kingdom and 2500 tons to the Orient was reported but demand towards the close of the week was slower. California markets were firm to strong with prices advancing per cwt Ex cellent demand for feed wheat, to gether with the firmness in other markets, was the principal strengthen ing factors. Poultry feeding interests throughout the state, especially in the petaluma section were active buyers of feed wheat, reflecting the heavy feeding requirements as a result of the unbroken drought In all sections west of the Rocky Mountains less than of the usual amount of precipitation has occured in recent -- 4c-6- $1.34(4-$1.36'- 2c 12-1- $1.19-$1.2- lc-2- c. Mr. and Mrs. George Beal motored n tft attend the fmm I I'i.l V a. v.. T ntrn p I.IL. ttnma large areas during Novem lnw to Salt Lake City Saturday and visitHunsaker. been Abie funeral of to December have ber and date ed with W. R. Horn and famliy. They Mr. and Mrs. J. P. Christensen, Mr. practically rainless. This is not only true for this period but holds also for and Mrs. Lewis Hunsaker, Mr. and were accompanied by Mrs. BaTs the fall months. In fact, deficiencies Mrs. Parley Christensen, Mr. and Mrs. brother, Fred Neilson, who was refor the entire past year are large. H. P. Rasmussen, Owen Rasmussen, turning to his home in Salina, Utah, Milling wheat was in fair request at Wm. Petersen, and L, C. Petersen, all after several weeks spent in helping San Francisco with outside markets went to Logan last week to do Tem- with the fall's work here. too high to compete with local mills. ple work. Many more are planning J. O. Garfield accompanied Leland Prices of Washington, Oregon and on gonig over next Friday, December Hansen, on a trip last week thru Intermountain states wheat were 13th.when it is the regular monthly Idaho, in the interest of the Farm Bureau. higher than similar grades of local Temple excursion of this Stake. grain, and consequently only small Mr. Cullimore of the Stake Sunday Eight members of the Relief Society lots of outside wheat for special mix school was to Stake Board, met in a study meeting Sunday again present ing purposes were bought; No. 2 soft check up on tha work and found quite last Sunday with Mrs. George Beal. white were quoted at San Francisco at a few tardy. Please remember Sunday The Misses Wanda and Leon a Gar5 per cwt. The light receipts morning. Let's show Mr. Cullimore field went to Salt Lake last Los at Angeles were in good request we can all be on time next Sunday as Thursday and visited Miss City Mildred and prices advanced sharply. Millnig he will visit here the next six times. Seager, returning home Saturday. wheat was quoted at that market at Several members of the Relief Mr. end Mrs. J. W. Franeom and 9 and feed wheat at 5 met with Mrs. J. O. Garfield son December Society left Monday, Wayne, per cwt. 9th, for California. Mr. Franeom will last Frdiay evening and made candy remain for six months to fill a short for the bazaar. Mr. and Mrs. Geo. Abbott, motored term mission while Mrs. Franeom and son will remain to visit until after to Logan Sunday. They were accomElwood Christmas. panied by their son Jed, who had spent -at home. . Chester Christensen, the painter the week-en- d from Preston, and his helper, Mr. I George Abbott made a business trip Beatrice Petersen and Veda to Ogden last Saturday. McKinsey, is busy trimming up' Mrs. entertained the primary H. C .Hansen'svery place. Wm. Petersen week-en- d Marion Woodruff spent the officers at their regular monthly is also pamtmng up, let s more of us relatives. in Salt Lake City visitingr meeting Thursday. TWpmher k at ha follow their g& example. home of H. P. Rasmussen. After the Vernon Woodruff, of Salt Lake City, made a brief visit with his regular business meeting, a delicious tray lunch was served to the follow parents, Mr. and Mrs. M. Woodruff, insr: President Mrs. V. L Hanson iB the fore part of the week. j and 2nd councelor, Mrs. A. A. Munns, and Mrs. Carl Romer. Utah's granite products for 1927 Secretary were valued at more than $1,000,000. rrancis isomer, Mrs. J. M. Mortensen, Mrs. H. L. Chi'Js and son, of Salt Mrs. T. A. Meldrum. Mrs. sen, Mrs. Lawrence Hansen Mrs. Lake City, is visiting for a few days with her mother, Mrs. L. E. Abbott. rieber Mortensen, Mrs. Gunner Donna Jean, small daughter of Mr. Miss Melba Hansen, Mrs. Leo. and Mrs. Lewis AbBbtt has been quite reiersen ana veda Kasmussen. Miss Mamie Adams nf ThnfoVior ill with Tonsilitis. C. E. Anderson and family visited spent the week-en- d visiting, Miss Vera relatives in Brgiham City on ThursHansen. Given on 23rd of December, to day. one holding the lucky the and Lloyd Reginald Hunsaker. Ferris, little son of O. L. Brough, Misses Erma Hansen and Maurine number, 1 chance given away has had a bad case of blood Andersen, spent the week-en- d home as a result of a small cut on poisoning for his hand. every 50c spent. from college in Logan. He is reported to be improving. Dr. Wilson and nurse, will again be Carl Peterson and family, of Provipresent next Monday between 10 and dence, visited with Mr. and Mrs. Bell phone 132. 12 o'clock a. m. to give the second Charles Peterson, last Sunday. Melva PERMANENT WAVE vacination, for diphteria. $6.50 Peterson returned with them for a Wm. Bronsen and C. M. 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Adv Federal Farm Loans Interest Rate 6 Also all kinds of Fire and Automobile Insurance Apply JAMES BROUGH thIMIUUIh Secretary and Treasurer Hi. Garland National Firm Loan Association GARLAND- FRIDAY, DE C. 13- - ingm - UTAH OUl MAKE GOOD OR WE DO What 11 1 Give aim: Fronk Chevrolet Co. Tremonton, Utah Damcin Phone 20 SOMETHING Reliable Watches Drama at SOMETHING DIFFERENT FROM ANY OTHER ENTERTAINMENT I . Ik "with "an XK that counts o SO - YOU H AVE EVER SEEN SPECIAL PRICES Come In and See in wearing SHIRTS Some- thing that's practical, something that may please his vanity. And here is the Store that answers your question with one of the finest holiday selections in its history. Merely a few suggestions among many are presented in this NECKWEAR PAJAMAS MUFFLERS GLOVES SWEATERS BELTS Them at the Coombs & Persson Co. BEAR RIVER HIGH SCHOOL AUDITORIUM Prices Audults 35c Children 25c Tremonton - Utah Garland, Utah I |
