Newspaper Page Text
review of the grain market
j ( Weak — Lower— Heavy SS' '"'îl.Ââlï' t. jSin markets oun 'g the Aug. . 4 '. aCC vieV5f the 1 Ü S Bvi ,.; a i ri market ij' K ,^mics Gen L ,i of Apr.cultu.al_ l : conom^^n r Ü:,iv favorable pi U ; . ß St: ami l° wev , S, on 1 '■ i n " c " Continues . lin Market l' ra . Generally . , I'rK es f New Wheat and Im > Iove ?T*rospects for Spring Grain eSÜJS*«: in? I lower foreign markets were weakening factore. Pr'mi on -bowed further declines as of the previous wheat contin al* *Hnoared with those c °y bU t soft winter .. ; v**' brlnar relatively large premi uetl -Ifver the hard winter. uni favorable weathei made favorable generally julv crops ,;'d private estimates at the rC f August for winter wheat ami 01 * rin g grains were materially -l,i over the official estimates ^ffir-t of July- If these estimates ai " home out the supply of wheat ■■■ n; „ n will be but little smaller t!US j,A year when the increased ,„vrr i- taken into account, while of feed grains will be ma t:: '- nv'larger than last year. Stocks Khêat in the United States at the of the season, July 1, were a jg million bushels larger than last l on when commercial mill stock» were taken into account and totaled annroximately 115 million bushels. Condition of U. S. Spring Wheat Spring wheat in the American northwest is maturing mostly ahead of the rust ami damage will be very .light, according to reports to the U. s Bureau of Plant Industry, unless Ce weather turns unusually favorable for rust revelopment. Stem rust is widely distributed but is not generally severe in the Red River valley of Minnesota and North Dakota. There is but little rust damage farther west in North Dakota and still less Montana. No appreciable damage, except to very late fields, has occur red in South Dakota and southern Minnesota. With during pro fir mo are than close bou in Foreign Markets Weaker foreign markets reflected generally favorable prospects abroad and in Canada. Private estimates now place the Canadian spring wheat crop in the prairie provinces around 500 million bushels with no serious rust damage in prospect and the crop nearing harvest. This favorable out look for the new crop is stimulating the grain trade in Canada to dispose of old crop stocks and marketing and exports have been heavy during the past month. Commercial grain stocks in Canada were reduced about 22,000, 000 bushels during July but were still about 28 million bushels larger at the first of August than a year ago. (The stocks of wheat in Europe are small and demand for foreign wheat has been fairly active. Rains are delay ing harvests in Germany but the crop is reported in generally good condi tion. Yields are irregular in France but the quality of the new wheat is reported good and of heavy weight. Itouth has done considerable damage m Turkey and Asia Minor but tains have recently relieved the situation in Hungary. Winter crops in Russia are poor, according to recent trade re ports. Cash Hard Winter Wheat The movement of new hard winter wheat in central western markets continued unu»ually heavy, receipts at Kansas City for July being the larg est on record, totaling nearly 25,000 cars. The slow export demand at the gulf has increased the movement to the central western markets and has caused congestion at some points. Mill and elevator storage space is be coming crowded, which has tended to limit the demand and weaken the market. Prices of hard winter wheat declined 5 to 12 cents at Kansas City where 12 per cent protein No. 2 hard winter was quoted at 2c to 5c over the Kansas City September price of $1.09 1 * ; 12%% protein was quoted 5c to 10c over, and 13 per cent 10c to 14c over. . Common protein types were bring ln g about 2c under the September price. Protein inspections on more dlan 16,000 cars during July at Kan sas City showed an average protein content of 11.82 per cent. Hard win ter prices were lowered at other mar kets also with mills the principal source of demand. Cash wheat was I e V 2c lower at Wichita. No. i anl whitei- was quoted at Omaha at it.09 to $U6 and No. 2 hard at $1.08 $1-15. No. 2 hard winter was ÏÏ mg , at Chica S0 at $1.23% to $1.24 p at Duluth at $1.15 to $1.25. w- ardv als of new winter wheat at r ,l n ! ap °li s from Montana and South ota showed high protein and had matw nc £ to l° wer premiums in that fpr l ' ^. be e . x P°rt demand for win mp r at * s S ^H limited although do ?* sbc quotations line for . WdfKi»°' week - Exporters were Jiddmg $i >24 to $1.25% for No. 1 J, w ® ter delivered Texas gulf shiiimn; 2 bard winter for August ^ nt ^ rom Atlantic seabord ports at , at the loose of the week mjotatf rp °° , at ^-36 compared with £"'»»? of 81.13% for No. 3 Man Sosafe si ioJ 01 . 63 , pound Argentine and si'i t n" 4 ^ 0r Australian afloat $1 - 41 for Indian wheat. The ( a - h lS<,tt Winte r Wheat fa H. SO t winter wheat market was ttand L uwer at some points but de w ^re k/' , a °ti v e and milling grades Parable lngl ? g 25c to over com ®eceint ' I sof bard winter wheat, iary-f .t* Louis were relatively ' j m ! 8 .® the southeastern wer e -, r a ^° tJhio and Indiana Winter J"' 6 buyers - No. 2 soft red the do so aS ^? ted in that market at Pared ^L° f oî he week at $ 1A2 com ~ hardwin? ta $L17 for N°- 2 w «re bei ter ' Receipts at Cincinnati the m.X*: , cu . rren t requirements and parket held firm with No. 2 soft to l.$46 and No. 3 auAf t0 i ^ 1,4 1- No. 2 red winter d * a oJ oledo at $L42 bushel d v at Chicago at $1.40 quotSi 0 *,-« d e ,l winter > garlicky, M (1 ln Baltimore at $1.32Vs. The fi, ( :f 8h S P rin .g Wheat du rinp tv, 1 new , s Pring wheat arrived protein t( /, t Week at Minneapolis and higher thaD S f 0n 4 u arl J cars averaged ■easoii Til for * be ^ irg t arrivals last ticaliy' the^ new ^ abl br ought prac Ear were more nearly export business at the Was states at to per Heat CZ Same P rice as old About i ^ aUse tbe limited receipts. °f $1.140 over September price northem aS l3 bein * bid f ° r N °* 1 crop per cent protein for ! V 10 day shipment, while spot quota tions ranged from 27c to 32 cents over the September price; 12 per cent protein No. I dark northern w?«, quoted at 13c to 17 c over the Sentem 'î'fiÂÆXÂ *ara,t j ™îï expor . t quotations. Very I inir ^ffereTStL UrU "! S? eat was be ' eit , her at Minneapolis or j Duluth and only one or two cars of new amber durum had been received Minneapolis at the close of the, current week. This was combined l «fi waft ~ amber up to 13 per cent protein was! quoted at 1c under to 20c over September price at both Minneapoli! and Duluth. American amber durum was quoted at Genoa at $1.34 for Au - ust shipment. j While favorable weather has some wnat improved prospects for rye ac-1 cording to trade estimates, the mar- 1 ket had independent strength and did ! not follow the decline in wheat. The stock of old rye is very low and re ceipts during the week were small al '.hough some new crop grain began to appear upon the market. The Minneapolis market declined aboutU cent and closer August 3 at 96S»c. : Chicago September rye closed at $1.017k. No, 2 rye was quoted at 3c to 7c over Jhe September price at i Minneapolis and at the September price to 1c over at Chicago, Small amounts were reported sold for ex port with No. 2 quoted at $1.13 3-8 r f.o.b. New York. lt YE CORN j The corn market weakened slightly as a result of continued favorable weather following the closing out of ' the July contracts, the demand for corn for the filling of which had brot about unusually nigh premiums for spot grain. Receipts were somewhat smaller than last week's heavy move-' aient which materially reduced the a mount available for shipment at many interior points. Stocks are relative-1 and are held 1 principally at Chicago. New crop de liveries were especially weak in the future markets but seaboard interests i were reportd to b good buyers of for December delivery. * Export corn for last half of December ship-1 ment was quoted at the close of the i week at 88%c f.o.b. New York and ; sales estimated at around 400 0C0 bushels were reported. Cash prices were 4c to 5c lower at most of thp markets, No. 3 yellow b?taï quote' ' on August 3 at Chicago at $1.05 ;i.06V 2 ; Minneapolis $1.04 to $1.05; Kansas City 98c to 99c per bushel. ! No 2 yellow corn was quoted at St. j Louis at $1.061/2 and at Omaha at 97c 1 to 98 cents per bushel. OATS corn i T-. , , ! he movement of new oats to cen-j tral western markets increased and j prices declined somewhat but the j market shared in the strength of the corn market and had a rather firm undertone. ' Heavier receipts are expected as threshing becomes more general, ! since threshing reports indicate some what larger yields than expected earlier in the season and private es- 1 timates at the first of August were around 100 to 150 million bushels greater than the July 1 official esli mate, September oats declined IV 2 C during the week and No. 3 white oat» I was selling at the close of the market 1 on August 3, at Chicago at 401^ to 41% cents, Minneapolis 36% to 41% cents and Kansas City 41 to 42 cents ; per bushel. being quoted, delivered group points in Texas at 51 cents per bush el compared with locally grown No. 2 red oats at 56 to 57 cents delivered Texas common points. BARLEY Larger offerings of barley weaken ed the market for the grain but there No. 2 white oats one w The Cabriolet , Body by Fisher (UlLTfRAV SROUnvUlTRA MbW and availabfe only to buyers of î>©1W1a\C SIX PRODUCT OF GENERAL MOTORS In answer to the widespread demand for a low priced six of ultra-smartness, all Pontiac Six body types have been made available with, special sport equipment. Six wire wheels in attractive colors—two spares with chrome-plated clamps cradled in fender wells—a folding trunk rack... all are included at a slight increase in price. On no other six of comparable cost is this ultras smart and ultra-new equipment obtainable .. * Just as no other low-priced six provides the inherent style advantages of Bodies by Fisher and the performance superiorities of a 186 cu. in engine with the G-M-R cylinder head. The price is only $95 extra. Investigate this excep tional "buy" today. -, 1 ITT, *745: Sport Roadster. $745: Phaeton, 2 Door Sedan, extra); 4-Door Sedan, $8Z5: *775: Cabriolet, S? 95 Sôldand All-American Six, $1045 to Kart Landau Sedan, $87^0«*^ OaklandPontiac delivered at minimum rate. O. M DONALDSON, Dealer Picntywoocl, Montana ] Mute Talks After Ride Ê A imf SL 3 1||||. ■L'A «tOBflHlL. lAvnocAwrefliHli^Hls 9H G^'plFr bov of^levcr^ ^ È « ? VT s,s'£"aW«p 8 W * h * | the- . was a iair iy acti.e demand from maltsters and expuiteis which ib sorbed the current receipts. Arrivais of Iowa and Soutu Dakota bailey at Milwauk ee were generally of good iUabty ar ' d giaded principally special N ° - 2> . Some of the receipts'at Min ieapol , is were tough and stained but threshed under favorable coudi tlons showed good quality. Malt f£ ers were ratber cautious' buyers in that mar ket and were awaiting a arger movement of new crop grain. fr, nialtlng ty P es were selling at * «i 08 ® of the wee k at Minneapolis ÎV , 't c 75c ' Chicago 77c to 80c, . u ! u t b '" c to 75c per hushel. Spe V , -r °" 2 was quoted at Milwaukee «I ,b " C ? nd at at 68 c to P er bushel. No. 2 barley for ex vi WaR q uoted at ^ 4 c f.o.b. New ° rk ' I" m FLAX The flax market was weak, largely m syna Pathy with other grains since no material change in the general sit Ua , n W 2 S re P°fted. Receipts of old see( c 9 n Fjl? ued Hgbt .totaling only 11 i ar ?- j Minneapolis. September flax de . clined $closing at $2.10% at J?. mnea P°li s and $2.13 V 2 at Duluth, iaX fee P ter nher delivery at Min eapo • wa -= quoted at the Septem ^ hl 2 No ' 1 spot seed sold tvJa Se P t . e . mber P r , lce to 4c over, lhe r S entlae market - 7, was r ' in Ç u fv c ^, d by the slow demand k" 1 both E 2 r ? pean and American seed \ market f° r 1 * e , d A for Au S us t ship nos AkS aTsiol tnf \ B Jf e * ^foment Ä ll P f™ * a Vr 651 '? per busbe l- Ar ?^ ntine , se ® d August shipment qnfnmp?^/' 1 fJ^ 6W \ ork at $1.83, sÆn ^ the wee £. totaled 1, k 90 ?? 0 ! 0 bushels ' of whlch 772 ' 000 ^ S s reP ° r ' Cd destine<l the to_ ci\/U a/ittm D rr>nwr TlVE MEN RECEIVE IN JURIES IN CAR SMASH Wolf Point, Aug. 4.—Five_ miraculously escaped serious injury when two cars collided head-on on the Vida road 12 miles southeast of Wolf Point Saturday. The engine of the car driven by Ed. Johnson of Richey hail adiusto r. cuid to ho fiomono/l beyond repair, while the radiator and fenders of that driven by A. E. Schmidt, Wolf Point, is badly dam aged. Schmidt, climbing a hill, saw the Johnson car appear at the top and turned to the right. Johnson turned to the left thinking Schmidt was not going to turn out. Johnson sustained a severe gash on his forehead and minor cuts and bruises, Burke had a bone broken in his hand and received cuts about the face and a bad gash on his leg, O .B. Hore ford, a McCone county farmer, sus men Alfred werejtained a gashed knee. Schmidt and Buckley, a service man for the Holt Combine Co,, escaped with bruises and minor lascerations. The impact of the cars turned the Johnson car completely around. The Producers News, $3 a year. DrFraak Crane Says G«»ville l> Kl'ife" S "l^own £ some *° od u ' eeless talkin , g ' he Says - j Some of the essentials that he mentions tor a good conversationalist a« as follows: Thp first condition of o-n^ tnlkinr is clear, well-ordered thinking If your thoughts are in confusion* vour rr^ori« sfeayrs3= twT' ke advir* es a ^ e . nresome -. L *Li is usimii ^ dvi ^ e costs not . hm K and Ually WOrth what ll C °^ S ' ... . I D° n 't exaggerate, it i s easy to let! your desires and feelings overcolor your views< 9 lve the impression of und erstatement rather than over statement aml what y°u say will have mcre effect . . Keep your voice low. A low voice * s not only an excellent thing in a woman, as Shakespeare says, but it is E° od for anybody. Many people are SAYS PROHIBITION LAW IS NOT SAME Helena, Aug. 6.—"Much confusing propaganda concerning the prohibi tion law which is being initiated in Montana this year has been circulat ed," accordig to a statement by the Rev. W .L. Wade, superintendent of the Montana Anti-Saloon League. "One of the reports published is that the proposed law is identical to the one repealed two years ago. In a statement issued by the leader of the wets it is set forth that there is to be a state department for the en forcement of he law. "This is not true. No such depart ment is provided for in the measure. Only the federal law is to be enforc ed and it provides that this is to be V v A I Î ♦ r* i fc~' >T t Z i x t t * V V * 4b I ♦> A ❖ vy m I ❖ ♦> I t ❖ t V « . V The Kit" Is Here U : i v ♦ Now you can buy Mazda Lamps in the new — A **■ ❖ I * * t ♦ HANDY LAMP KIT ❖ ■ A Î 1.. 100-watt lamp for kitchen 2 .60-watt lamps for dining room 2 50-watt lamps for general use 1 25-watt lamp for porch or basement * * ♦ ♦ ♦ t SIX MAZDA LAMPS—The New Inside Frosted type to diffuse light, prevent glare and protect eyesight. Packed in a handy carton for house hold convenience, ready for you now! Com ? * ♦ * I plete $1.43. ❖ ANY EMPLOYEE OF OUR COMPANY WILL gladly take your order. These handy kits will be sent to you immediately and the lamps will be charged on your next month's lighting bill. No need for you to make trips down town to get lamps—you order—we deliver. % good lighting helps a lot to make a house a home and these new lamps with their soft, white light will surely please you. Inside frosted lamps are more sturdy, give better light, cost less, are easily cleaned and are at i tractive in appearance. y BUY MAZDA LAMPS NOW IN A HANDY LAMP KIT FROM ANY EMPLOYEE OF * V Montana-Dakota Power Company ❖ V : a a»-IIgSfy'Vw^loud"'Th^d ££n Do the class of lightweights. Stories _ like reasoning or salt. They should be very judicially intermingled and it », easy to get too many of them. Do not interrupt another. Wait uietly for your turn to speak. Don 't relate lengthy personal ex b -- k äs i - ' «vsa* When you observe that your listener does not wish to be convinced change !the subject, Speak clearly. Do not mumble, Conversation is more than idle ex ercise or'ornamental superfluity. Its purpose is to keep the other* party amused and interested. It is the wire upon which runs the current of your electric personality, If you don't know how to talk, learn. Devote a certain part of your time to intelligent and diligent prac tice in the art of small talk. It pays, a are done through the local courts and county officials who are regularly elected. "Alfred E. Smith, democratic presi dential candidate and the delegates to the democratic national convention including W. H. Mahoney of Butte, head of the wets' organization in Montana, are pledged to an honest en forcement of the laws putting into effect the 18th amendment. Their attitude toward prohibition and its enforcement expressed since the con vention, shows how little a platform declaration means to them. It ap pears it means no more to Maloney than to Smith i nwhose candidacy he is so deeply interested. "In a previous statement we said we were not expecteing organized op position to the initiative measure in asmuch as both parties had declared in favor of prohibition law enofree ment. Since a wet organization has 'again been started by Mr. Maloney we are shown that a platform declar ation means little to some of the del egates to the convention that adopt ed it at Houston," j ja . _ : roplar Graveling on the Poplar Brockton stretch of the Roosevelt highway is scheduled to begin this ! week. R. M. Carroll, superintendent in charge for Stevens Brothers of St. \ Paul, who have tre contract, moved i the equipment and crews in Monday : and is now establishing a camp about three and one-half miles east of here rnd getting ready for work. Thev plan to move the camp once during the job. A method known as trench-gravel- ; ing is to be used on this stretch. In- j stead of the base being left level it is I hollowed out in the center, making a j POPLAR-BROCKTON ROAD BEING GRAVELED A NATION WIDE INSTITUTION \ f €€ quality—always at a saving P erstywood, Mont. 99 Slut! D)° o With Goods Right and Prices Right You Can't Help but Be Right in Buying Here Lace and Rayon Make Charming Under« Have You Received Your Delivery Truck Yet? garments A particularly attractive as sortment of ray on underthlngi is here for only Evtry time you toy "tend It, please" you are paying a few cents towards a delivery truck you will probably never receive. Carrying your purchases home elhninatet that expense, and we are glad to past the saving am to you be Lower Prices, Think it over, please, and do• tide which plan teems the more sensible f 98c For Every Day Select This Silk and Rayon Hose A practical, durable hose of a mixture of silk and ray on especially appropriate for houiewivei to wear around home. Pair, 49c Our Compass Work Shirt Blue and White Hickory Stripes Staunch and very durable, cut large and roomy, made with two button-thru pockets with metal buttons. I I Here's a Work Shirt that will stand the gaff of hard work and long service. Mad« to our own specifications and low priced at— 111 »iiiiumi.'i'w 98c T 9f Pay-Day U Soft! Warm! Overalls or Jumper Union Made of ( 2.20 blue denim. Cut big and roomy and is triple stitched. Six bar tacked pockets. Overall or jumper Blankets From Our Stock ... $3.98 and $7.90 t ( A ? Wool mixed of especially fine quality for $3.98—and a handsome all wool blanket for $7.90. at— 1 vi $1.29 % Silk and Rayon 1 mm Mercerized Full-FaskioMd Hose for Misses A practical ribbed hose fa* summertime. Pair 25c V The ehoiet o t msay wo* «*0 for general wear. 98c AnExeptional Value! BroadelotK * ? V Î J f Hi i Fancy patterns that are unusual and different — mostly confined to our Stores; also Plain White. All excellent quality, 100x60 count and all in the popular Collar Attached Style. Cut full and roomy, It will pay you to take advantage ol this most exceptional value. Besides the fancies and plain whites there arc Plain Blue, Tan and Grey, also Collar-Attached. 7 lir.H VTvî/f j I ÎÎ! m Wil'fi \ V ♦ O e t a t ife a / PAGE THREE bed which holds the gravel to the center, Two courses of gravel will be us ed. The o«se course will consist of layer of 1% inch gravel, 4 inches in. depth. This will be covered by a 4-inch layer of %-incb gravel. The graveling is expected to be finished by October 1. It is said that the grade will be In a bad condition ln places while it is being worked but that it will be passable at all times, ?. not an a, \S el that brought your 11? " a a tin , , . . . Wel |* 1 . heard da ^ d >' complaining abo V* the size of the bill, and angels don 1 ^ a ' v bills ' her?" Doctor; How do you know it w>as a stork Mr. Newlywed: tell me at once— "Please, doctor, it a him or a "It's a them."