| Show effi MARK T I 1 BEN W by the wheat market tended sharply downward during the week ending october 22 influenced principally by arad large an receipts apts of spring wheat in the ca canadian markets and continued heavy movement in the american Aine rican according to the weekly grain market review of the U S bureau of agricultural economics weather favorable favor ble for maturing the late corn cip together with inara increased ed receipts and lower wheat prices weakened the corn market and resulted in sharply lower prices oats declined influenced cd by the weakness in in corn but rye and barley were independently firm ann with receipts relatively light and a continued good demand for export generally favorable favo rabe weather in the spring wheat areas of both the united states and canada brought out alt heavy shipments of spring wheat receipts at af canadian country points being much the largest for the season these together with a dull demand caused a sharp decline in prices both in winnipeg and in the U S markets german prices were ere slightly lower but prices price of native wheat in italy were about 5 cents cent higher prices at paris were vere practically unchanged unchong t e d country offerings of N wheat heat and rye in germany were reported larger but the quality is poor wheat the lower futures together with a dull demand I 1 for or flour and the lack of an active export demand weakened the cash wheat market and premiums except for most select types of milling wheat were lowered premiums for ordinary qualities of spring wheat reduced 2 to 4 1 cents at minneapolis 12 per fent cent protein no 1 dark northern bein ing quoted at that market at 4 to y cents over the december price at the close of the week 14 per cent protein no I 1 dark continued to sell at 30 to 35 cents over the december price and best types of montana wheat were nvere quoted at to per bushel offerings of durum wheat suitable for milling quality were light and in good demand no 1 amber with 12 per cent protein was quoted about 10 cents over the october price at duluth which closed october 21 at 1133 38 3 8 13 per cent protein was bringing about 15 cents cent and 14 cent 16 cents per bushel bu jiel over the december price no I 1 red durum was selling around per bushel soft winter wheat prices declined practically the same as other classes this week while receipts were light mius mills were not active buyers offerings however were well absorbed ab orbed and prices are still relatively higher t tian than for hard winter wheat no 2 red winter was quoted at the close of the week at st louis at to chicago 1333 to Sl 33 cincinnati at 1331 to and toledo to 1305 pacific northwestern war markets were also lower with soft soc and western white cheats selling at portland around per bushel and good grades of hard winter around exporters were buying less actively local hay market practically no change in hay market alfalfa 12 to 13 received by farmers farmer F 0 B salt lake mostly on trucks tons in stack 10 per ton ten for first crop und and for second crop alfalfa buyers at ogden reported to be of 11 per ton for alfalfa delivered |
