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The producers news. [volume] (Plentywood, Mont.) 1918-1937, April 26, 1929, Image 10

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The Power Monopoly, Its
Makeup and Its Menace
Is Name of Pamphlet Just Published By Gifford Pinchot In
Which He Answers the Question, "Is There An Electric
' Monopoly and What Is It Doing?
Milford, Pike County, Pa.,
February 25, 1929.
There has been so much assertion
and denial of the existence of monop- !
oly in electricity that I thought you |
might be interested in a pamphlet of |
mine on the subject just issued. Ac- j
cordingly, I am taking the liberty of
sending you a copy under separate!
Mr. Charles E. Taylor,
Editor, The Producers News,
Plentywood, Montana,
Dear Mr. Taylor:
This pamphlet (The Power Monop- j
oly, Its Make-up and Its Menace) ;
charges that this monopoly exists, J
and goes on to prove it. It shows of
what the power monopoly consists,
how it was built up, and for what
purpose. Also it contains an alpha
betical list of power companies, which
will enable each reader to trace the
connection of the company whose
rates he pays.
For your convenience, in case you
may desire to use it, I enclose a short
The question whether there is an
electric monopoly or whether there is
not will doubtless occupy a steadily
increasing share of public attention
during the present year.
And if there is an electric monop
oly, is it organized and financed to
Sincerely yours,
give fair rates to consumers and fair
profits to the power people ? Or does
it live to gouge the public?
A pamphlet which answers these
questions has just been issued by
Gifford Pinchot. It shows that out of
4,362 power corporations in the U. S.
on June 30, 1927, only 85 were en
tirely independent. A little more
than three quarters of the 4,196 oper
atmg power companies, or 3,108, were
controlled by 41 great holding com
panics. ,
These 41 holding companies con
trolled more than four fifth (82%)
of all electric power generated in the
United States and nearly seven
eighths (83/c) of all oui people de
pended upon them for electric ener
110 no ^ - .. ...
SteresC^n t^Yb^d^/F^
interests on tneir boards of directors
we find that 8 of the 41 power giants
are under the control of the General
Electric interests, 7 under control oi
the Insuil interests, 4 under Morgan.
2 under Mellon, 1 under ByUesby and
1 under Doherty control.
Six interests control 23 of the 41
power giants. But that is not all.
Twelve more are under the joint con
trol of two or more of the six inter
ests. That leaves only 6 of the 41
power giants which are not yet known
to be controlled by the six great pow
er combinations.
In 1926 these six interests already
controlled 63.46% of the electricity
produced in America, and had at their
mercy 67.61% of the population— a
little less than two thirds of the en
tire country's electric power, and a
little more than two-thirds of the
people. They control much more to
Such domination is almost incredible
but there is more to come. For the
General Electric, Insuil, Morgan, Mel
Ion, Byllesby, Deherty group is for
all practical purposes united into a
single six-sided power monopoly. It is
united through the Joint Committee
of public utilities, through the pow
er lobby which infests Washington,
and through common interest in
many ways.
The central power-group, the Big
Six, is in effect a single interest with
a single purpose, which is to continue
to extort almost unimaginable profits
from the masses who pay for electric
A study of the 35 big power cor -
porations controlled by the Big Six
indicates that out of total assets of
eight billion dollars, not less than
three billion represent capital infla
tion—water—upon which the 7 %
earnings usually allowed by public !
service commissions would authorize
extortionate rates to the tune of $ 210 ,
000,000 a year.
iwo hundred million dollars a year
of "earnings" on pure water is such
gigantic loot that no wonder the pow
monopoly stops at nothing to keep
tt. Ihe actual figures are probably
larger by far, but they cannot be vm
covered except by a public tribunal,
oï C ï fed v ral trade commission,
Thp nil 0 / h °v, USe inv estigation.
Pe. op l e who control the vast
and growing power monopoly are not
satisfied with mere extortion. In ad
union they have succeeded in creating
a system through which they are!
able to dictate what stocks and bonds
may be put on the market and what
may not. Thus they decide what se
curities the public is permitted to buy
and what it is forbidden to buy. In
this way they use the public's own
money to finance new companies con
trolled by the monopoly which in turn
exact additional swollen profits from
the public.
This scheme is worked through tb*
control of the central banking Soup
which is the central power Zn ?'
er investment syndicates and invest
ment brokers. Unless the latter c p 11
to their customers what is ofV^d
to them by the investment bankers
they get no more new securities to
sell, and so are forced out of hnefnoce
The use of thi " Cub "* enomo U ,W
profitable to the electric moZS
When the federal trade commission
SSä ^jr^jr****^
Of public information^ from publiemen
ser?£! 1 C f Schools ' rend ered a public
service of great value and opened
to aoother greater still^ it cLi
. *t will, ascertain and tell the
m detail exactly how much water
they are paying interest on when tbVv
pay their electric bills and Tnf#
Just how man y hundreds of* mniio£s
, tbey are heinj? mulcted each vêai in
^rate*. year
mo™l? nch0t P am P b let on the power
monopoly contains an alpha£t £2
JLHj* », __
list of power companies and their sub
sidiaries (so that any citizen can find
out who really controls his rates),
together with details of the 41 power
giants. Pinchot says it is submitted
as a contribution toward public
knowledge of the greatest monopoly
any free, country ever faced,
g étendent 'of the I. H. C. Dem
onstration Farms,
Com is generally considered a warm
climate crop and is grown most ex
tensively in such regions. It is there
fore surprising to many that this
great crop can, and is being grown
successfully in regions far to the
On our demonstration farms in
North Dakota, South Dakota, Mani
toba and Saskatchewan we are en
deavoring to promote a more perma
nent and prosperous type of farming.
The need of a cultivated crop to con
trol weeds, supply feed for livestock,
distribute the farm work and help to
overcome the drawback of dependence
on a single crop for income, is so im
portant that we have given careful
attention to the growing of com.
The season of 1928 could not be
classed as above average in favoring
cor n production. The proof of success
f u i corn production is unquestionably
the growing of it under ordinary field
conditions and the saving of good,
high vitality seed. In the 16 years, the
North and South Dakota farms have
been operated, we have not failed a
single year in saving some seed, which
mea ns also that we have had good
ma ture corn for the silo or to feed as
On the Oak Lake, Manitoba, farm
i as ^. year ( 1928 ) we grew and saved
more than 100 bushels of seed 0 f our
"international Yellow Dent.
corn has been grown continuously on
our North Dakota farm for 16 years,
and be coming better acclimated. It
was originally Minnesota 13, but due
Ä'ho^ aL ^ttog ^ a8° extm
early Minnesota 13, Haney strain.)
T vf* '
* , , e s . w *, up
"l oJT. 11 " 0t k""*'!
T* Ï* bmder ' wlthottt losm «
! s *
Farmers are generally coming to
recognize the fact that
* ie . * rnature com such as this early
a smaller
! produce, have
P luca » or rnore com, and better feed
iS? va ,. t ^ ian the big fodder corns,
, e smaller com is much more easily
handled, and leaves more moisture in
*"6 soil for the following crop,
. orn an d matures more rap
1 . 0X1 ana that has been manured
sro "* 11 n crop of sweet clover,
^ r< î pS j mas t have food, just as am
ao » to grow and mature rapidly,
1 î; u r corn l an d at Oak Lake, last year,
, fr rown a crop of sweet clover, and
had been manured. Following the
com crop, high yielding and high
quality wheat with little or no dock
age is produced.
plowing (when it will not
d ^t) thoroughly worked just before
■ Panting, is prefeiable to spring plow
j ." 8 for 00rn * & is not advisable to
plow the land should be disked
' or cultivated as early as possible in
^ ie spring to stop evaporation und to
j warm the land, and then plowed just
befo . r e planting.
^ e checkrow—plant so as to culti
vate both wa ys—and drop two to
tbr ee grains per hill, 3% feet apart
eacb wa y* This planting requires about
j one bushel of seed for 8 acres, or 50
1 cents per acre at $4 per bushel. The
planting is begun as soon after May
t a ® possible and we have seldom not
be en able to plant before May 10 .
Corn not planted before May 20 does
not have full chance to mature be
fore fall frost. The early planting
may be nipped by late frost but this
does not damage the corn as much
as early fall frost before it is ma
ture. •
The fact that we produced good,
mature dent com in 1925 on our Oak
Lake farm is our most encouraging
demonstration of possibilities in this
district. Com can be grown success
fully, to furnish feed for livestock
help control weeds, and diversify our
j cropping system. Com is needed, and
can oe grown successfully on many
farms that have never attempt'u to
1 grow this crop. PL to
tt ,
ricana, April 16.—Next in the way
to J* e ^ >ect ed from
Montana executive chambers
SSîîüJb of f , the , fou F new commissions
r ^ at f d ^ the last legislature. These
ixis P^or s to be
ajmVnitî^ the com missioner of
only new of fices
3 ed ^929 assembly. The
ZZ™* "If wWch apÄ
m , a 8 re f" 1 ; 0 ™«'
f ? pt , e T IS4 > laws 1929—
S 2 ? y exten?ion
t HB w' C £f pter 104 ~^Creating Mon
'hVr ? 6 °, f J? eauty cult urists.
k H j , cha Pter 127—Creating
°Rn 0 tif- rbe ^ exa miners.
chapter 122—Great in „
w™ commission, two members
k f^mted b F the
by Jî e supreme court.
! of ? 47 ' ^ a Pter 27—Creating office
* a ™ ptora8e commissioner
commissioner of agriculture as' such
^ Tn,ssxo ^ r ex officio and proving
tutors. g
Whl e the legislature created ~
governor, three
» %
i . 7
U l
A f
m Yoa mast wake and cedi me early, call me early.
Mother dear;
To-morrow*U be the happiest time of all the
glad New Year ,—
Of all the glad New Year, mother the maddest,
merriest day ;
For Pm to be Queen o* the May, mother. Pm to
be Queen of the May.
•e* her in her Utile
(JTANT you
^ starched, frifly frock, a garland
of flowers on her dainty haul and
her clear eyes shining with delight?
She'll hold court over all the little
boys, and preside with great dignity
from her improvised throne.
Bat if anyone says: "Tag, you're
Her Temporary Majesty is
very apt to forget her queenly dig
nity and scamper rapidly across the
lawn in pursuit of her tagger. And
when she comes in breathless, her
cheeks rosy and blooming, from a
succession of such games. Her Maj
<. iy will certainly be in need of
sustaining food. Here, then, is a
menu to meet the occasion which
will appeal to the Queen of the
May and all her court:
Ihole Fresh Strawberries Around
Powdered Sugar Cone
Cream of Tomato and Liver Soup
IVhole Wheat Crackers
Creamed Chicken and Peas on Tiny
Baking Powder Biscuits
Currant Jelly
Asparagus Salad with Cheese
Water-Cress Sandwiches
Junket Ice Cream with Red
Si, jar Cookies
Hard Candies
How to Make Them
Of course the sugar cookies, hard
-lies and currant jelly come in
"htch keep them fresh until
'•'ded, and the first coarse
Butte—A $25,000 hangar is under
construction at the municipal airport
for National Parks Airways.
Plentywood—The construction of
the Peterson Garage is progressing
Helena—$460,000 has been
priated for the purpose of improving
and maintaing the roads and trails in
the national forests of Montana.
New equipment has arrived to fa
cilitate the coal mining operations at
Contracts for the construction of
54 miles of Federal aid highway in
vicinity of Dillon will be awarded by
State Highway Commission April 26.
Chinook—The Blaine County fair
grounds are to be improved.
Turner—The plans are progressing
for the erection of a modem high
school building here.
Street improvements involving
penditure of more than $35,000 will
be made in Black Eagle this season.
Great Falls—New filtration equip
ment has been installde at the
cipal water plant.
Reed Point—Springtime highway is
being surveyed preparatory to im
Mining operations at Spring Hill
mill, four miles southwest of Helena,
will be resumed soon.
Glasgow—Race track is to be con
structed on 70-acre tract of land for
Valley county fair grounds.
Anaconda—The Christian church is
being remodeled.
Libby.—Glacier Silver Lead Mining
Company seeks permit to construct
other new offices and abolished
... wxiiwo aim aoousnea none,
it increased the compensation of sev
eral state and county positions as fol
SB 55, chapter 50—Increasing sal
ary of chairman of state board
nail commissioners from $2,400
$3,000 annually.
SB 129, chapter 149—Increasing
salary of superintendent of the state
insane asylum from $4,000 to $5,000
a year.
HB 167, chapter 83—Increasing sal
ary of the supreme court stenograph
er T £pm $2,600 to $4,000 a year
j82> chapter 85—Providing for
three deputy state examiners at $2,700
a year each, instead of two at $2,400
a year and one at $1,800.
HB 31, chapter 4-—Increasing
anes of state capitol watchmen
guides from $3.50 a day to $125 a
month and janitors from $4 a day to
$125 a month.
SB 102, chapter 176 —Authorizing
members of boards of county commis
sioners to inspect highways at
time, with compensation of $8
and actual expenses.
iîLL"°:_ C î ap ^ »9— Changing fees,
expense allowances of
a day
mileage and^SPHPQHH
sheriffs, expect«*} to result 1
slight increases.
nrîo^/3^' chaptei ; —Increasing sal
aries of county school superintendents
thiS ™? 4165 °t the first - second and
third classes from $ 2,100 to $2,471 an
cWfti" Ä °L » h « fourth
ties ifTh? ZllT *V 2 ' 400 ' in conn
^mllMkwo! *SS
$ 1 .ROO SCTenth dass ' fr °m $1,500
in some
consists o i just an appetizer of a
circle of strawberries with their
stems on around a tiny cone of pow
der sugar, bat yoaTi want to know
how to prepare fee rest of the
dishes for this wholesome May
Queen meal lor children. So here
Cream of Tomato and Liver
Soup : Make a white sauce of four
tablespoons butter, four tablespoons
flour and one quart of milk. Sim
mer the contents of a number 2 can
of tomatoes with a shoe of onion
for fifteen minutes, then
through a sieve. Add very slowly to
the hot white sauce. Add one cup
of finely chopped cooked liver, sea
son with sah and pepper, and keep
hot in a double boiler, but do not
boil after combining. This recipe
is supposed to make enough to
serve eight, but remember that the
children have been running and
playing tag.
The Main Dishes
Creamed Chicken and Peas : Make
a white sauce of four tablespoons
butter, four tablespoons flour, two
cup* of rich milk and the liquor
from an eleven-ounce can / peas.
Add a teaspoon of salt and one
eighth teaspoon pepper. Then add
the contents of a twelve-ounce can
of boneless chicken, cut in small
pieces, the pea* and one teaspoon of
lemon juke, heat in a doable boiler
and serve on tiny split baking pow
der biscuit*. This recipe, too, is
reputed to serre eight people.
power projects on Granite Creek, Lin
coln County, affecting lands
Kootenai national forest.
Helena—Alta and Bertha mines 20
miles south of this city is being pre
pared to resume production.
Establishment of municipal landing
field at Glasgow is under considera
Northern Pacific tie-treating plant
at Paradise expects to handle 500,000
railroad ties this year.
Great Falls—New office of West
Grass Range— 12 -mile stretch of
road between here and Novary is be
ing graveled.
Great Falls—The Gore Hill site will
be improved for use as municipal air
Fairview streets are being repaired.
Glacier Silver-Lead Mining Com
pany's flotation mill at Libby will be
em Union Telegraph Company
opened here recently.
The Elk Creek bridge on Flatwillow
road will be replaced with a
structure shortly.
The Mountain States Telephone Co.
have installed a new cable system in
Belt—Sampson Grocery Store
recently opened.
Plans are under consideration
the installation of water- softening
equipment in Malta's water plant.
The construction of Lewistown's
Federal building is to begin in the
very near future.
Butte—A library has been opened
on the fourth floor of the new Masonic
Shelby—A 320-acre tract of land
has been purchased by the Shelby
Golf Club, which will
course on 80 acres.
Roote Electric Company has opened
an electrical fixtiire and appliance
store in Butte.
Havre—The Gas office and sales
construct a
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\ 4 •
When in Plentywood, Elat at the
Il ll '* l ', | '."iiii || il „ i i.„rT!î«îîrî,îi,ii,ii,imi,ii,ii,inii,in | i,ii,ii,ii,in!î,îîïT!rîïîî,ininii,imi,ii«ininii»ing
Asparagus Salad wdk Chart* Car
rots: Drain and dull one
ounce can of aspm
range hi nests of
Pour over them French
made with lemon juice instead
vinegar and to which some
minced ptmiento has been
Shape phniento cheese (one jar of
the soft kind) into tiny carrots, dust
with paprika and insert a sprig or
parsley for the carrot top. Use one
or two as a garnish on each serving,
of salad. Tliia recipe serves eight.
Then the Sweets
tips, and ar
id luce.
And now that the children have
been still for a few minutes while
they are eating, and have cooled of?
to some extent, you can give them
their ice cream and cookies and
hard candies as the final treat
Junket Ice Cream with Red Rasp -j
berries : Scald together one quart of
fresh milk, one cup of evaporated
milk and three-fourths cup sugar,
and then cool to Kike warm. Add
one tablespoon vanilla. Crush onu
and one-haK junket tablets and dis- 1
solve in two tablespoons of cold
water. Add to the hike warm mix
ture in toe ice cream can and let
stand until firm. Then free« like
any other ice cream. Scatter a fra
spoonfuls from a can of red rasp-«
berries over each portion and top
wkh marshmallow cream. They sap
that this will serve eight, but have
you ever noticed hungry children
eating ice cream?*
department of Montana-Dakota Gas
Company will be expanded.
The construction of Havre's airport
road is to start soon.
Shawmut—An oil well is being drill
ed 14 miles south of this place.
Hobson—The Great Northern rail
way has completed the improvement
program in this place.
The construction of Firestone Tire
& Rubber Company's wholesale and
retail establishment in Butte will
be underway.
The Athletic field of Montana State
College will be improved.
Helena—Store of the Helena Of
fice Supply Company has been opened
in new Gold Block.
Darby—Small landing field has
^ e . er } constructed at Hughes Creek
minin K operations near here for use
officials in commuting daily be
tween and Missoula.
Great Falls—The Ponting & Rice
Oil Company plans an active oil pro
gram for Montana.
Construction of road from Anacon
da to Phillipsburg i s completed.
Great Falls Rodeo was recent!v in
corporated for $50,000.
Construction of grade schools will
begin in Kalispell shortly.
GIVEN $22,347.75 FROM
Silver Bow county's apportionment
of $22,347.75 from the state
vehicle fund for March was received
by County Treasurer Paul Rooney
Saturday from State Auditor George
The money will revert to the road
fund which county commissioners say
is several thousand dollars less than
a year ago. The state draft is
pected to bolster the fund sufficiently
to bring it to the total of a year ago.
Wheat Prices Suffer Sharp Decline
Feed Grains Lower With Wheat
Flax Market Also DulL
Favorable progress of winter wheat
together with the relatively large
stocks yet remaining in North Ameri
ca and continued large shipments of ■
Argentine wheat unsold, were weak- i
ening factors in the wheat market
during the week ending April 20th.
Prices of May wheat declined to the,
lowest point on the crop with cash
grai nselling lower than at any time
since early in the year, according to ;
the Weekly Grain Market Review of
the United States Bureau of Agricul-j
tural Economics. Oom and other feed
grains were lower with wheat, altho
light offerings with a fair demand
tended to offset the influence of low
er wheat prices and the decline was
less pronounced than that of bread
grains. Rye was independently weak |
while flax prices also made moderate
The winter wheat crop is making
favorable progress in the United
States and also in most European
countries. The weather in parts of
Europe during the week was cool with
heavy rains in some areas. This de
layed spring seeding but was general
ly favorable for wheat and rye. Ar
gntine shipments continued heavy, to
taling over 5,000,000 bushels for the
week. A large percentage of these
shipments is said to be going out un
sold and this is apparently a weak
ening factor in European markets,
Liverpool prices declined about five
cents for the week and prices of na
tive wheat in the principal European
markets were also lower. Spring (
seeding in Russia has been delayed
and the wheat and is re
rye acreage
ported to be three per cent under last
year's seeding.
North American wheat supplies con
tinue large. Market stocks in the
United States are nearly 60,000,000 .
bushels larger than a year ago. Can
adian wheat stocks in all positions
were unofficially reported March 31
at 244,423,000 bushels, or about 18 ,-1
000,000 bushels larger than a year
ago. Allowing about the same carry
over as last season and deducting
about 42,000,000 bushels for spring
seeding and 15,000,000 bushels for
food requirements for the next four
months there would remain around
112,500,000 bushels of wheat for ex
port in Canada for the remainder of
the season. This would compare with
about 106,500,000 bushels shipped out
during the corresponding period last
Wheat: Cash wn=at prices followed
the full decline in futures at most
markets. The large stocks in store
in the winter wheat markets, togeth
er with the favorable progress of the
new crop and the continued slow de
mand, both from domestic buyers and
exporters, were the principal weaken
ing factors. Best milling wheat was
in. fair demand and piemiums for this
quality were increa?ed 1 c to 2 c per
bushel but ordinary grades were dull.
No. 2 hard winter 32% protein was
quoted at Kansas City at the close of
the market, April 19, at 3c to 5c over,the
the May price of $1.09Vi; 12%%, 5c
Jcover; and 13%, 7c-9c over the May.
12 %% protein wheat was in good de
mand at Omaha from domestic mills
and premiums for this wheat were
steady No. 2 hard winter was quote
ed in that market at $1.08-$1.10 per
bushel. Demand for soft red winter
wheat continued very limited and
prices declined relatively more than
for other classes of whea*, No. 2 soft
red winter wheat being quoted at St.
Louis at around $l—o to $ 1 — 8 , the
lowest point for the crop to date. No.
2 soft red winter was quoted at Kan
sas City at $1.14 to $1.16 and at Cin
cinnati at $1.28%-$1.29% per bushel.
Cash premiums for spring wheat
held firm but May wheat at Minne
apolis declined 3 3-8c. 13% protein
or better types were bringing about;
Vuit our Special Spring
Showing note being held
s new and different
now as it was when
Recall the i
American Six.
public. And
scene. A New Oakland All
Making its bow to the
now you see it here
oerywhere you go. Other cars have
appeared in bewildering succession,
uut the distinction of the All-American
continues .
. . .
• •
j _ * • ^unaffected. It's as new
and refreshingly different today as it was
when introduced. Like a good friend
it grows on you.., impressing you more
favorably with every passing week. The
better youk n ° w it the more y(m ^ re _
spect the New Oakland All-American SU.
Prices $1145 to 11375 t.o.h P
Spring, covert and Love joy Hydr!^uli!f l %.k i *V t, R lll^ livery charge f.
Hit prices, lumper, and rear fender / ** >,orb « r * include,! In
Time Payment Plan it^Zble *
• • •
extra. General Motori
of minimum rata.
r: : ,h ° pri " " h '°
Plwitywood Montana
1c per bushel higher nremi,.
a week ago, but low grade —
slow sale. 12% proton
Northern was quoted April 19 L
neapolis at lc to 3c over the
P r *ce of $1.15%; 13%, 5 C to 14
and 14 %, 16c-24ç over the May v
1 " ar * Northern was quoted àt tv?'
uth at 2 c to 5c over the Mir.nea» v
May P rice , with materially k.-Uy*
premiums being paid for a fev, r ^
of especially desirable wheat,
at Winnipeg declined about the «.***
a s at Minneapolis and No. 1 Man'S*
Northern was quoted, April 19* 04
Winnipeg at $1.23 1 - 8 . This comite»"*
with $1.31 ^-$1.39% for the best cm*?
Dark Northern spring at Mi^T
at I
RYE markets were independp I
weak, future prices declining ^ "
than wheat. Notwithstanding
light offerings, demand both 8
exporters and domestic buyer*
quiet, althought best grades were U. £ ■
ing readily taken by mills. Recefob I
both at Minneapolis and Duluth, \v e « K
mostly of the lower grades and |
goty. May rye declined 5 7-8c at Min. I
neapolis and closed April 19 at 9 l i.g. I
No. 2 rye was quoted at 89-96 1 -rT I
and Rose quality at 97-99c per busk I
el. Some export inquiry' was report. I
ed at Duluth were premiums were ad. I
vanced slightly on deliverable grade« I
No. 2 rye at Chicago was quoted at I
96-98c per bushel with daily receipt« I
averaging only about 2 cars. P I
OATS market turned weak alon* I
with other feed grains, influenced al I
so by solw demand for cash oats M» I
Oats declined 1 3-8c at Minneapolis I
an d No. 3 white oats were quoted? I
that market at 41%c-46% c per bu«hel I
Receipts at Chicago increased toward I
of the week and premium»
were slightly reduced, No. 3 white be- I
ing quoted at 47c-49c per bushel. No. !
3 white oats were quoted at St. Louis I
at 47%c-49c, Kansas City 48c-49c, and '
Omaha 44c-45c per bushel,
BARLEY market was also slightly
lower altho a good demand for best I
malting types held prices of that qoal* !
ity fairly steady. May barley de
dined l%c at Minneapolis and closed
April 19th at 62 5-8c. Best malting
types were quoted at 67c-68c and feed
grades at 56c-61c per bushel. Malt
ing barley was quoted at Chicago at
68c-74c, an advance of about 2c for
the week. Feed barley was quoted at
54c-60c per bushel. Malting barley
was in active demand at Milwaukee
where Special No. 2 was quoted at
70c to 75c and No. 3 Barley at 63c*
73c per bushel. About 20 per cent of
at the close of the week in Southern
Minnesota and South Dakota but less
seeding had been done in Northern
Minnesota and practically none in
the Barley seeding had been completed
North Dakota and Montana according I
to trade reports. Indications are, J
however, that there will be a consid- 1
erable increase in barley acreage if
weather is favorable for seeding.
FLAX markets continued dull and
prices declined around 3 c per bushel
• during the week.
Limited domestic
demand, together
heavy offerings from Argentina
principal weakening factor. Seed*
fog was delayed during the week by
co ld and wet weather in the Ameri*
can Northwest but an increased acre*
a g e j s reported generally by the
trade throughout North and South
Dakota and Montana. Cash offerings
were very light and premiums ad*
vanced about 1c per bushel at Minne*
a polis where No. 1 seed was quoted
at i c under the May price of $2.41%
to 4c over. Argentine prices advanc*
ed slightly with seed for May ship*
men t quoted at Buenos Aires at
$1.67 8 - 8 , for June shipment at
$ 1 . 68 %. Argentine shipments for the
week totaled 2,378,000 bushels, of
which 331,000 bushels were reported
detined to the United States and
about 1 , 110,000 bushels to the con
tinent. Over 800,000 bushels vrere
on orders."
with continued

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