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Show PAGE SEVEN BEAR RIVER VALLEY LEADER, THURSDAY, AUGUST 21, 1S30 Weekly Grain Market Review Grain Markets Slightly Weaker Though Partialy Relieved by Rains in Central West. Domestic grain markets weakened slightly during the week ending August 16th and prices of most grains declined from recent higher levels, accordng to the weekly grain market review of the United States Bureau of Increased Agricultural Economics. offerings of spring wheat and prospects that supplies of wheat in the northern hemisphere for the current season may equal or possibly slightly ening factors n the wheat market, exceed these of last year were rains in the central west wHh partially relieved the drought inpme areas checked the advance in market. Oats and barley conthyJrn tinued in moderate demand but some of the recent advance in prices was lost. Rye was lower with wheat while flax declined. Under influence of heavier offerings and only a moderate inquihy for new seed. WHEAT The August 1st official estimate placed the United States spring wheat crop at approximately 175 million bushels and the durum crop in the four principal producing states at 48 million bushels, making a total of 223 million bushels of spring wheat compared with 228 million bushels produced last season. The estimate of winter wheat was raised to 597 million bushels, about 40 million bushels over the July 1st estimate and about 20 million bushels over last season's harvest. This would give a total outturn of al wheat of about 821 million bushels, or 15 million bushels more than in 1929. The August 1 estimate placed the spring wheat acreage in Canada at 24,085,000 acres and the condition of the crop at 85 per cent of the 10 year average yield of 16.9 bushels per acre. This suggests a crop 65 million to 75 million bushels over last year's harvest. Stocks of old wheat in Canada were estimated at 112 million bushels, about 8 million bushels lahger than a year ago. Comb-in- s production and carryover of wheat JflKorth America for the current season Estimates of the United States and Canada, supplies apparently will be around 125 million bushels above these of last season. Little information is yet available as to supplies of wheat in Europe but stocks of old wheat are probably around 50 million bushels smaller than a year ago. The 1930 European production not including Russia, may be around 75 million to 100 million bushels below that of last season largely because of smaller crops in France and Itay. The reduction in Europe and North America, however, are prob. ably more than offset by the increase in North America nad the larger crop in India. Reports from Russia indicate that the harvest in that country Is above that of 1929 and that the ouality of the grain is good, although of higher moisture content. Conditions in the southern hemisphere indicate a larger harvest than in 1929 but the crop has four to five months to go before harvest and conditions during that period will lahgely A record acredetermine the in Australia seeded is reported age and weather conditions continue favorable for the growth of the crop both in that country and in Argentina. Supplies of old wheat in the southern hemisphere are considerably below a year ago. Marketings of hard winter wheat fell off materially during the continued fairly vek but demand most markets with mills and shippers absorbing the current offerings. Cash prices, however, mostly followed the decline in futures and were 4 to 5 cents lower than a week ago. Ordinary protein No. 2 hard winter was quoted at Kansas City at the close of the market August 15th at c per bushel: 12 V2 per cent at iy2c-2- c premium and sold protein 2 13 per per cent protein at c over the ordinary types. The protein of the week's receipts averages 12.4 per cent and was slightly higher than that for the previous week. A steady demand prevailed at Omaha both from local mills and from shippers for export via lake ports; No. 1 hard winter ordinary protein was quoted in that market at 82c"per bushel August 15th. Mills and elevators were overbidding exporters at Ft. Worth and were paying 97c-98- c winter comper bushel for No. 1 hard of c pared with exporters bids f. o. b. track Galveston on an export rate. Holders of storage stocks were not active selers and mill were obtainKaning a part of their supplies fromcondisas City territory. Bad road tions resulting from recent rains restricted country marketings of wheat at that market were slightly larger; in the Denver territory but arrivals c No. 2 had winter was quoted at per bushel at the close of the mar- Vet August 15th. Soft winter wheat was relatively rmer than hard winter with south- activelvern and southeastern mills bid ding actively for the reduced offerings. Receipts at St. Louis were only those of the previous about week and current offerings were hardly equal at the inquiry from mills and Elevators were offering shippers. their supplies at track prices; No. 2 soft red winter was quoted at St. Louis August 15th at 92V4c; No. 1 soft red winter at 94c while No. 1 hard red winter was selling in that market at 89c-91- c per bushel. Southern mills wen active buyers at Cincinnati but higher bids failed to increase country shipments ;No. 1 soft bed winter was quoted in that market August 15th at 94c95c and No. 2 at 93c-9per bushel; No. 2 soft and red winter was quoted at Chicago at 90c and No. 2 hard red winter at 89c-9per bushel. Spring wheat markets weakened as a result of increased offerings of the new crop and heavier hedging pressure to cover this movement. Mill demand was fairly steady but premiums were being paid for heavy test weight rather than for protein. Protein premiums were benig paid for heavy test teln premiums for No. 1 dark northern weight rather than for protein. Protein premiums for No. 1 dark northern at Minneapolis ranged from only weak-Scatter- ed 1 out-tur- over the September price of 90c for protein ranging 12 per cent to 15 per cent. Based on test weight No. 1 dark northern weighing from 58 lbs. to 59 lbs. was quoted at c over tthe September price while 59 lbs. to 50 lb. wheat brought 4c over and 60 lb. to 61 lb. 5c over the September. Color and test weight were also the important factors at Duluth with protein being given less consideration; No. 1 dark northern closed in that market August 15th at 95c-9No. 1 c northern at per bushel. The durum wheat future market declined with other wheat but the cash market had some independent strength, particularly for milling qualities as a result of an active inquiry from mills. The Duluth September price declined 7c per bushel during the week an J closed August 15th at 83c; No. 1 amber durum was quoted that market No. 1 durum No. 2 mixed durum c and No. 2 red durum 79c per bushel; No. 1 and No. 2 amber durum were quoted at Minneapolis per bushel. Canadian spring wheat markets were weaker than the domestic markets, October wheat at Winnipeg declining 76c. Cash markets followed the full decline in futures with No. 1 Manitoba northern quoted at Winnipeg August 15th at 93 9 bushel. Pacific coast markets wereper rather unsettled. The demand at Portland was dull with export demand lacking rates on ocean freight space have been advanced and this has checked export 2c-5- c 2c-3- 6c 92c-95- 83c-92- c, 83c-84- c, 79c-84- 81c-9- 3c 5-- $1.75-$1.8- 0, $1.72-$1.7- 7, Hog Market Weekly Report PLAN $1.67-S1.7- Our Principle OUR PRINCIPLE IS TO GIVE THE PEOPLE THE BEST THERE IS TO BE HAD IN QUALITY FOR THE LOWEST POSSIBLE COST IN DOLLARS AND CENTS AND NERVOUS ENERGY. FRIDAY AND SATURDAY WE OFFER THESE UNUSUAL BARGAINS 48-lSACK FLOUR ANY OF OUR POPULAR BRANDS b. Locke will preside at all sessions of the Conference. If you are in the city during that part of the week plan to Sunday School 10 a. nu Mrs. P. E. i attend some of the sessions. ALVIN R. DICKSON, Pastor. Ault, Superintendent. Junior church service, 11 a. m.; story serman by the pastor: "Bobby's Adventure." Epworth League 7 p. m.t Eiias Landvatter, Leader. Intermediate League 7 p.m, Bertha Landvatter, Leader. Evening service of worship at 8 o'clock, sermon old son of Mr. subject, "The Expected Church." SpecCurtis, the r ial music will be furnished both morn- and Mrs. Henry Johnson, of and bruised choir. ing evening by the Junior Citv, . was severely We will be glad to have you worship about the body and face and received with us Sunday. a broken leg when he fell from a The annual session of the Utah Mis. horse he was riding, the horse stepsion meets in Salt Lake City at the ping on him. He was rushed to the First Methodist Church, Wednesday, Valley hospital, where he is resting as August 27th, and closes Sunday, Au- comfortable as could be expected ungust 31st. Bishop Charles Edward der the circumstances. Methodist Church Bear River City Lad Injured by Horse four-yea- r- Bear-Rive- I REGISTER ns All other students September 29th. must register Regular class work 'begins Septem- Daryl Beauty Parlor And Barber Shop University of Utah Salt Lake City Phone 132 Cnto. HE Indianapolis 500 Mile Endurance Race is famous as an endurance test and battle of tires for no driver can win this race who has tire trouble. He races over a hot brick track at a speed of 100 or more miles per hour. For eleven consecu-tiv- e LAUNDRY SOAP; EITHER A. B. NAPTHA; P. & G. WHITE NAPTHA OR CRYSTAL WHIT-E- years Firestone Gum-Dippe- Patented DmU Cord Braakar. Patented Cm DIppW For years the winner JELLO; ANY OF THE FIVE FLAVOR-S- d of the hazardous race of Pike's Peak climb where a slip meant 7c death Don't Forget Our High Quality Meats! used Firestone Tires. Gum-Dippe- d ni GUM-DIPPE- 1 TTlIESE drivers do not simply choose Firestone Tires. They demand them. They know by experience that this tire never fails. It never fails because it is built not to fail by the special Firestone processes of tire building. thread going Into the making of the cord fabric, which la the foundation of the tire, Is coated and cushioned In rubber hy the Firestone process. patented (b) Under the tread Is the Firestone patented Double Cord Breaker which means not only two extra plies where most needed, but also sets the Firestone Tire apart as an all cord tire, while others are woven fabric and cord. BUILD A FINANCIAL RESERVE (e) Firestone Super High Speed Tires now have 33 more rubber In the tread, giving deeper grooves that will give yom over 50 more non-ski- d wear before the tire Is smooth. 2. UlESE are not just feature. They are basic differences in tire building proved by service on every kind of road and track. 60c-70- two-thir- ds 4c 0c 3 YoU may never intend to race. You may never intend even to speed. You may never climb Pike's Peak. But, every day whether you know it or not your life depends upon your tires. account is a strong, up : tx to dollars of reservoir used in times of pecuni ary drought or when needed. There is no time so good as the present to begin your "building" operations. This Bank cordially invites your Savings Account. dam-buildin- g 4 Interest On Sayings Accounts SAFETY, MILEAGE, 1 SPEED and ENDURANCE for eleven consecutive yuan have won the 500 mile Indian-po- li Endurance Race. . 96c-96- SAVINGS Hold All World's Records on Road and Track for ng Gum-Dippe- d I D T1S3ES . (a) Every fibre of 'cotton ySTORES Gum-Dippi- like solid Car. Tires have been on the winning cars. 18c A TREMONTON, Utah Mace DDiriivers DDffiMAKT the TEIEIBS WSB SEILI 5 BARS i SfflgXity 1 Regular $8.00 wave given at this price until Oct. 1st ONLY. WE SPECIALIZE IN LADIES HAIR CUTTING. SEND FOR CATALOGUE. 9c FOOD THANGLETTEN j 80c-13- cent-13y- j 1 $6.50 ber 30th. MEDIUM SIZE FLAT CAN OF A GOOD GRADE OF PINK SALMON 2c-3- BIG SPECIAL! 7 2i 98c n. ac-tJP- at No sales were reported for! poted. The Los Angeles market weakslightly during the week as rethe week and cahrters for September ened sult of more liberal offerings from and October shipmnts are unusually eastern shippers which were competsmall. Country offerings increased ing with local grain. Current demand with new crop yields averaging high- was of only moderate volume as mills taking delivery on purchases er than expected in important pro- weer made some time ago at lower prices. ducing areas. Mills were fairly active Demand from feeders fairly active; buyers and export flour sales were No. 2 hard winter was quoted Los small; No. 1 sofe and western white Angeles August 15th at wheats were quoted at close of market No. 1 hard white at No. 1 western white at $1.67 August 15th at Portland 93c, No. 1 hard winter and western red at 90c; $1.72 per cwt. No. 1 big bend blue stem hard white at $1.08 per bushel; 14 per cent protein No. 1 dark northern spring from Montana was quoted f 1.01 per bushel; No. 1 western white quoted Seattle 93c, No. 1 hard winter and western active; strong to red at 91c and No. 1 big bend blue 50cHog market very at close, $10.50 for higher; top No. stem hard white $1.09 per bushel; best truck in butchers; bulk, $10.00 to 1 dark hard winter from Montana $10.25; $7.50 to 8.00 quoted 97c and 14 per cent protein No. dollars. packing sows, 1 dark northern $1.02 per bushel. The San Francisco market strengthened slightly during the week under an improved demand for both milling TO and feed wheat. Poultry feeders were beginning replenishing stocks and at the mills were also more active buyers. Offerings were principally of No. 1 UNIVERSITY OF UTAH California wheat with scattered lots of No. 2 dark hard winter from Idaho This wheat quoted $1.60 in bulk delivered California points while local No. 1 hard white sacked was selling San Utah's highest standard educationFrancisco August loth at al institution. and No. 1 soft white $1.624-$1.6- 7 per bushel. Quotations on Freshmen must register September Washington and Oregon wheat were above local prices and no sales re- 23th, and must attend September 26th and 27th. business. 4 . We HAVE these Super Uieh Speed Gum-Dinne- d were on Peak Raea death. vlnninf ears In Pika't where a alip meant were mm da Siadbaker Car which 90.000 mile la 26y i2t'. minatra oa a board track at Atlantie City la 1928. w4 were oa the CMC Track carry lux a two Ion load thai hauay up the Record. Coost-to-Coa- st Enduianee n 71,551 ntilet oa a Dateoii Taxicab beore the Cnl tire replaced. m if 2ai lUlIna rv iv. same tires that the racing drivers demand the nrcml tlr fi f ik-cost is low. Their cost per mile of service makes them cheaper even than cheap tires. They are inexpensive, not only because the price of .itbber '. Uay but fecaoe we have Joined with Firestone to bring into the sale of tires the earn decree of efficiency which goes Into their manufacture. The benefit of all this Is in the pries U yosw s. DfUVE IN TODAY. We wm examine your tires and make yon an aJWanea for nrnr a We tL . ' can equip your car with new Fireatons Sum Uih SnJ used mileage. much lower cost than you ever expected. They will cie yea tutcatsaOJed service ssMi satisfaction. TIRADE IN YOUR USED TIRES TORAYIi tremonton Utah Auto & Implement Co. Banking Go. PHONE 28 TREMONTON, UTAH . |