The Market Reporter, Vol. 4, No. 15
Part 6
+-----------+-----------+---------+--------+-------- CREAMERY | New | Chicago. |Philadel-| Boston.| San BUTTER | York. | | phia. | |Francis- (92 score). | | | | | co. ----------------+-----------+-----------+---------+--------+-------- Monday | 44 | 43 | 45 | 44 | 44¹⁄₂ Tuesday | 44 | 43 | 45 | 44 | 44³⁄₄ Wednesday | 44 | 43 | 45 | 45 | 44³⁄₄ Thursday | 44 | 43³⁄₄ | 45 | 45 | 45 Friday | 44 | 44 | 45 | 45 | 45¹⁄₄ Saturday | 44¹⁄₂ | 44 | 45 | 45 | 45 +-----------+-----------+---------+--------+-------- Average for week| 44.08 | 43.46 | 45.00 | 44.67 | 44.87 Previous week | 44.00 | 42.50 | 44.58 | 44.33 | 43.71 Corresponding | | | | | week last year| 60.91 | 58.50 | 60.83 | 60.58 | 63.04 ================+===========+===========+=========+========+======== AMERICAN | New | Chicago. | Boston. | San | Wiscon- CHEESE. | York. | | |Francis-| sin. (No. 1 fresh | | | | co.[1] | twins.) | | | | | ----------------+-----------+-----------+---------+--------+-------- Monday |20¹⁄₂-21¹⁄₂|19³⁄₄-20¹⁄₂| 22-23 | 21¹⁄₄ | 19¹⁄₂ Tuesday |20¹⁄₂-21¹⁄₂|19³⁄₄-20¹⁄₂| 22-23 | 20³⁄₄ | 20¹⁄₂ Wednesday |20¹⁄₂-21¹⁄₂|19³⁄₄-20¹⁄₂| 22-22¹⁄₂| 20³⁄₄ | 19³⁄₄ Thursday |20¹⁄₂-21¹⁄₂|19³⁄₄-20¹⁄₂| 22-22¹⁄₂| 20³⁄₄ | 19³⁄₄ Friday |20¹⁄₂-21¹⁄₂|19³⁄₄-20¹⁄₂| 22-22¹⁄₂| 20³⁄₄ | 19⁵⁄₈ Saturday |20¹⁄₂-21¹⁄₂|19³⁄₄-20¹⁄₂| 22-22¹⁄₂| 20³⁄₄ | 20 +-----------+-----------+---------+--------+-------- Average for week| 21.00 | 20.13 | 22.33 | 20.83 | 19.85 Previous week | 20.87 | 20.00 | 21.42 | 21.29 | 19.58 Corresponding | | | | | week last year | 27.63 | 26.56 | 29.91 | 33.25 | 26.46 ----------------+-----------+-----------+---------+--------+--------
[1] Flats.
=Wholesale Prices of Centralized Butter (90 score) at Chicago.=
[Cents per pound.]
Monday 37 Tuesday 37³⁄₄ Wednesday 37³⁄₄ Thursday 38¹⁄₄ Friday 38¹⁄₂ Saturday 38¹⁄₂
Average 37.96
=MOVEMENT AT FIVE MARKETS.=
[New York, Chicago, Philadelphia, Boston, and San Francisco.]
+-----------+-----------+----------- | Week | Previous | | ending | week. | Last year. | Oct. 1. | | ---------------------------+-----------+-----------+----------- BUTTER. | _Pounds._ | _Pounds._ | _Pounds._ Receipts for week | 10,710,039| 11,088,542| 9,012,825 Receipts since Jan. 1 |448,180,161|437,470,122|397,422,337 Put into cold storage | 1,561,618| 2,554,239| 2,424,626 Withdrawn from cold storage| 2,565,222| 2,667,180| 1,976,443 Change during week | -1,003,604| -112,941| +448,183 Total holdings | 57,426,751| 58,430,355| 67,411,182 +-----------+-----------+----------- CHEESE. | | | Receipts for week | 3,417,635| 3,868,809| 3,008,890 Receipts since Jan. 1 |141,117,659|137,700,024|130,569,677 Put into cold storage | 1,193,333| 1,153,107| 821,381 Withdrawn from cold storage| 1,840,048| 1,364,127| 1,109,790 Change during week | -646,715| -211,020| -288,409 Total holdings | 17,006,483| 17,653,198| 19,401,542 +-----------+-----------+----------- DRESSED POULTRY. | | | Receipts for week | 4,180,468| 4,190,630| 3,097,825 Receipts since Jan. 1 |125,584,081|121,403,613|119,319,585 Put into cold storage | 1,763,783| 1,645,312| 1,748,540 Withdrawn from cold storage| 1,086,169| 974,956| 1,303,010 Change during week | +677,614| +670,356| +445,530 Total holdings | 18,302,642| 17,625,028| 15,835,021 +-----------+-----------+----------- EGGS. | _Cases._ | _Cases._ | _Cases._ Receipts for week | 208,045| 198,651| 178,819 Receipts since Jan. 1 | 13,319,676| 13,111,631| 11,834,417 Put into cold storage | 17,305| 19,475| 32,480 Withdrawn from cold storage| 168,670| 139,781| 166,123 Change during week | -151,365| -120,306| -133,643 Total holdings | 3,134,054| 3,285,419| 2,589,382 ---------------------------+-----------+-----------+-----------
Dried and Frozen Egg Shipment Arrives From China.
Thirteen thousand six hundred and forty-three cases of frozen eggs weighing 1,200,564 lbs., also 448 cases of dried eggs weighing 48,800 lbs., were unloaded from the British steamship _Gothicstar_ from China at San Francisco Sept. 15. The shipment is one of the largest ever received in this country.
On Sept. 19 the _Gothicstar_ sailed for New York with a cargo of 59,108 cases of frozen eggs and 6,190 cases of dried eggs.
CHEESE MARKETS BECOME STEADY UNDER IMPROVED DEMAND.
Southern Buying Materially Increased--Considerable Quantities of Canadian Cheese Bought.
The tone of cheese markets was at least steady during the week ending Oct. 1, although prices which prevailed in Wisconsin during the week suggested a somewhat unsettled feeling. Prices on Wisconsin cheese boards advanced again Sept. 28, although the advances were for the most part small and were confined to the larger styles. Some dealers quoted prices representing very close margins, and this probably accounted for more or less variation in f. o. b. selling prices on different days of the week.
Daisies and Twins were good sellers throughout the week, Longhorns being the only style which was especially slow. Buying in the South showed a material increase. There was also considerable inquiry from southern buyers. Practically all of the southern business went direct to Wisconsin rather than through distributing market dealers.
RETAIL DEMAND INCREASED.
The very low prices quoted by Canadian dealers and the resulting sales had a noticeable effect in distributing markets. Goods from Canada at prices around 17¹⁄₄¢ to 18¢ delivered at New York looked so attractive to a number of buyers who anticipate heavier export demand later in the season, that considerable quantities were purchased. Only a small quantity of this cheese has actually been imported as yet, according to current reports, the bulk of it remaining in Canadian storages. The large Canadian Cheddars are not entirely suitable for our domestic trade, although in some markets certain dealers split them. They are used successfully, however, for grinding purposes and to some extent for making the small loaf cheese which has come into prominence the past season.
Retail distribution of cheese received an impetus during the week on account of the especially low retail prices advertised by large retailers, principally chain-store operators, in several eastern cities. Prices were reported as having been as low as 21¢ for cheese of good quality.
=IMPORTS OF WOOL DURING AUGUST.=
+---------+--------+-------------------+---------- | Class 1.|Class 2.| Class 3. | | Washed |Hair of +----------+--------+ Imported from--| and |Angora | Washed | | Total. |unwashed.|goat and| and |Scoured.| | |alpaca. | unwashed.| | ---------------+---------+--------+----------+--------+------------ | _Lbs._ | _Lbs._ | _Lbs._ | _Lbs._ | _Lbs._ Belgium | ... | ... | 71,827| ... | 71,827 Czechoslovakia | ... | ... | 39,401| ... | 39,401 France | ... | ... | 244,723| ... | 244,723 Germany | ... | ... | 138,245| ... | 138,245 Italy | ... | ... | 438,731| ... | 438,731 Switzerland | ... | ... | 65,264| ... | 65,264 England | 10,700| ... | 2,411,684| 4,568 | 2,426,952 Scotland | ... | ... | 866,950| ... | 866,950 Canada | 844| ... | ... | ... | 844 Argentina |3,180,672| ... | 421,529| 33,981 |[1]3,637,031 Peru | ... | 4,689| ... | ... | 4,689 Uruguay | 469,217| ... | ... | ... | 469,217 China | 53,444| 26,026| 6,118,041| ... | 6,197,511 British India | ... | ... | 451,018| ... | 451,018 Australia | 184,441| ... | ... | ... | 184,441 New Zealand | 268,175| ... | ... | ... | 268,175 British South | | | | | Africa | 55,087| 44,344| 7,802| 51,727 | [2]360,065 Other countries| 660| ... | 1,000| ... | 1,660 +---------+--------+----------+--------+------------ Total |4,223,240| 75,059|11,276,215| 90,276 | 15,866,744 ---------------+---------+--------+----------+--------+------------
[1] Includes 849 lbs. of scoured wool, class 1.
[2] Includes 201,105 lbs. of scoured wool, class 1.
_Grain and Seeds_
WHEAT AND CORN FUTURES DROP STEADILY IN PRICE.
Cash Premiums Strengthen in all Markets Except Minneapolis--Flour is Imported.
The wheat market closed lower every day except two during the week ending Monday, Oct. 3, and the net decline in the different markets was 6¢ to 10¹⁄₂¢ for the December future and 5¢ to 8¹⁄₂¢ for the May future. Corn was influenced by wheat and followed the fluctuations of the latter. The net loss in corn was 2¢ for the December future and 1¢ for the May future. Corn touched the lowest prices for the crop on Oct. 3. The September futures “went out” on the last day of September and except at Minneapolis, owing to local conditions in that market, at the low point for most September futures since early in July.
Closing prices of the September futures were: Chicago September wheat $1.16¹⁄₈, September corn 47¢; Minneapolis September wheat $1.41¹⁄₄; Kansas City September wheat $1.10. At Minneapolis, September wheat closed at 7¢ over December on the last day of September, owing to a strong milling demand for choice wheat.
The declines recorded in the December futures in the different markets during the week were: Chicago December wheat 6¹⁄₄¢ and December corn 2¢; Minneapolis December wheat 10¹⁄₂¢, Kansas City 6¢, and Winnipeg 8³⁄₄¢. The May futures recorded the following declines: Chicago May wheat 5¢, May corn 1¢; Minneapolis May wheat 8¢; Kansas City 5¹⁄₄¢; and Winnipeg 8¹⁄₂¢.
Closing prices on Oct. 3 were: Chicago December wheat $1.18³⁄₈, December corn 49⁵⁄₈¢; Minneapolis December wheat $1.28¹⁄₂; Kansas City $1.10¹⁄₄; and Winnipeg $1.22¹⁄₄. The May futures closed as follows: Chicago May wheat $1.23³⁄₈, May corn 55¹⁄₄¢; Minneapolis May wheat $1.29¹⁄₂; Kansas City $1.15; and Winnipeg $1.27.
FLOUR IMPORTS FROM CANADA.
There were several important developments in the general situation. One of these was a report from New York that 20,000 bbls. of Canadian flour had been bought to come to that market. This, of course, had a depressing influence on wheat prices. During August 3,700 bbls. of flour and 239,000 bus. of wheat were imported from Canada. This was for domestic consumption and not for re-export at American ports. Another bearish development of the week was a report that Hard Winter wheat on passage for Europe had been sold at 11¢ under the price at which it could be replaced. It was also reported that Hard Winter wheat was being resold in London at 5¢ under the replacement cost.
All of the news was not bearish, however. A message from the Pacific coast early in the week reported that 12,000,000 to 15,000,000 bus. of Pacific coast wheat were under contract for shipment to the Orient. Also, on Oct. 3 a message reported an additional 1,250,000 bus. of wheat sold to Japan. The impression appears to be growing in the grain trade that the United States has probably already sold for export all the wheat that can be spared and that there will be a scarcity later in the season unless there are liberal importations from Canada.
There were some changes in the cash wheat markets. At Chicago a good demand developed for No. 2 Red Winter and supplies of that kind of wheat were scarce. The premium over the December strengthened and on Oct. 3 was 5¢ to 6¢. At the same time No. 2 Hard Winter sold at ¹⁄₄¢ to 1¢ over December. Receipts of wheat showed a decreasing tendency at Kansas City and the premium strengthened. On Oct. 3, No. 2 Dark Hard Winter sold at 11¢ over Kansas City December, as compared with 7¢ over on Sept. 26. During the week Kansas City December wheat declined 6¢ to $1.10¹⁄₄. No. 2 Dark Hard at 11¢ over December sold at $1.21¹⁄₄ as compared with $1.23¹⁄₄ on Sept. 26. That is, cash wheat on Oct. 3 was only 2¢ lower than on Sept. 26. while the December future was 6¢ lower.
=GRAIN PRICES.=
=Daily Average of Cash Sales at Certain Markets, Week Ending Friday, Sept. 30.=
[Cents per bushel.]
WHEAT. ------------------------+------+------+---------+------+------+------ | Sat. | Mon. | Tue. | Wed. | Thr. | Fri. ------------------------+------+------+---------+------+------+------ CHICAGO. | | | | | | Dark Nor. Spg. No. 3|145 | ... | 145 | ... | ... |144 No. 4|134¹⁄₂| ... | 140 | ... | ... |140 Hard Winter No. 2|126¹⁄₂|121¹⁄₂| 124 |122 | ... | ... Yellow Hard Winter No. 2| ... |122¹⁄₄| 120 | ... | ... |117¹⁄₂ No. 3|122¹⁄₂|120³⁄₄| 118¹⁄₂| ... | ... | ... Red Winter No. 2| ... | ... | 124¹⁄₂| ... | ... |126 MINNEAPOLIS. | | | | | | Dark Nor. Spg. No. 1|160 |159 | 158 |155 |154 |155 No. 2|157 |155 | 153 |152 |148 |151 No. 3|151 |148 | 148 |146 |142 |144 No. 4|143 |140 | 139 |138 |134 |135 Nor. Spg. No. 1|153 |152 | 150 |149 |149 |150 No. 2|145 | ... | 148 |147 |144 |146 No. 3| ... |142 | 137 |137 |132 |137 No. 4|136 |135 | 134 |128 |130 |125 KANSAS CITY. | | | | | | Dark Hrd. Wir. No. 1| ... | ... | 133 |127¹⁄₂|120 |124 No. 2|133³⁄₄|134³⁄₄| 131¹⁄₄|129³⁄₄|126⁷⁄₈|130 No. 3|129³⁄₄|132³⁄₈| 133 |126⁵⁄₈|122³⁄₄|126 No. 4|127 | ... | 130 |124 | ... |124 Hard Winter No. 1|122 |118³⁄₄| 120¹⁄₄|117³⁄₈|119¹⁄₂|122¹⁄₂ No. 2|122¹⁄₂|121⁵⁄₈| 122⁵⁄₈|119 |119³⁄₈|119¹⁄₄ No. 3|120¹⁄₄|123³⁄₄| 121³⁄₄|120 |118¹⁄₂|117⁷⁄₈ No. 4| ... |118 | 118⁵⁄₈| ... |116⁵⁄₈|115³⁄₄ Yellow Hard Winter No. 2|119 |117 | 115¹⁄₂|113⁵⁄₈| ... | ... Red Winter No. 2| ... |132 | 130 |130 |128 | ... No. 3| ... |127 | 125³⁄₈|123 |120 |120 No. 4| ... |110 | 111⁵⁄₈|113¹⁄₂|112 | ... OMAHA. | | | | | | Dark Hrd. Wir. No. 2| ... |122 | 120 | ... |118 | Hard Winter No. 1|118³⁄₈|116 | 116 |116 |114³⁄₈|113¹⁄₂ No. 2|118³⁄₄|116¹⁄₄| 114¹⁄₈|114³⁄₄|113³⁄₈|112¹⁄₂ No. 3|117 |118 | ... |115 |111³⁄₄|111 Yellow Hard Winter No. 2|115 |115 | 133 |112¹⁄₄|112³⁄₈|112¹⁄₄ No. 3|113 |112 | 110³⁄₄|110 |110⁵⁄₈|111 No. 4| ... |111 | 109¹⁄₂| ... | ... |109 ST. LOUIS. | | | | | | Red Winter No. 2|139⁵⁄₈|137¹⁄₄| 136 |133³⁄₄|133¹⁄₄|135¹⁄₈ No. 3|130⁷⁄₈|130⁷⁄₈|[1]129 |126³⁄₄|124¹⁄₄|129³⁄₄ No. 4|127 |125 |[1]121 |116¹⁄₄|113¹⁄₂|116¹⁄₂ ------------------------+------+------+---------+------+------+------ CORN. ------------------------+------+------+---------+------+------+------ CHICAGO. | | | | | | White No. 1| 53³⁄₄| 52³⁄₄| 51³⁄₄| 50¹⁄₄| 49 | 48¹⁄₄ No. 2| 53³⁄₄| 52³⁄₄| 51³⁄₄| 50¹⁄₄| 48³⁄₄| 48¹⁄₄ No. 3| 53¹⁄₄| 51³⁄₄| 51 | ... | ... | 48 Yellow No. 1| 54 | 52³⁄₄| 51³⁄₄| 50³⁄₄| 49³⁄₄| 48¹⁄₂ No. 2| 53³⁄₄| 52³⁄₄| 51³⁄₄| 50³⁄₄| 49¹⁄₄| 48¹⁄₂ No. 3| 53¹⁄₄| 52¹⁄₄| 51¹⁄₂| 50¹⁄₄| 48³⁄₄| 47³⁄₄ Mixed No. 1| 53³⁄₄| 52³⁄₄| 51¹⁄₂| 50 | 48³⁄₄| 48¹⁄₄ No. 2| 53¹⁄₂| 52¹⁄₂| 51¹⁄₂| 50 | 48³⁄₄| 48¹⁄₄ No. 3| 53¹⁄₄| 52¹⁄₄| 51 | ... | 48¹⁄₂| 47³⁄₄ No. 4| ... | ... | 50³⁄₄| ... | 48 | 47¹⁄₄ MINNEAPOLIS. | | | | | | Yellow No. 1| 47 | 46¹⁄₄| 45¹⁄₄| 44¹⁄₂| 43¹⁄₂| 42³⁄₄ No. 2| 47 | 46¹⁄₂| 45 | 44 | 42¹⁄₂| 43 KANSAS CITY. | | | | | | White No. 1| ... | 46¹⁄₂| 46¹⁄₂| ... | 45 | 43¹⁄₂ No. 2| 46³⁄₄| 46 | 46¹⁄₄| ... | ... | 43³⁄₄ Yellow No. 1| 47 | 45³⁄₄| 45³⁄₄| 46 | 45¹⁄₂| 44 No. 2| 46¹⁄₂| 45¹⁄₈| 45¹⁄₂| 45 | 45 | 44 Mixed No. 2| 43¹⁄₂| 43³⁄₈| ... | ... | ... | 40¹⁄₂ OMAHA. | | | | | | White No. 1| 42¹⁄₂| 42¹⁄₈| 41³⁄₄| 40¹⁄₂| 39¹⁄₂| 38¹⁄₂ No. 2| 42¹⁄₂| 42¹⁄₂| ... | 40 | 40 | 38¹⁄₂ Yellow No. 1| 42⁵⁄₈| 42 | 41¹⁄₂| 40¹⁄₂| 39¹⁄₂| 38³⁄₄ No. 2| 42⁵⁄₈| 42 | 41¹⁄₂| 40¹⁄₂| ... | 38⁷⁄₈ No. 3| 43¹⁄₂| ... | ... | 40¹⁄₄| ... | 38¹⁄₂ Mixed No. 1| 41¹⁄₂| 41¹⁄₄| 41 | 40 | 39⁷⁄₈| 38⁵⁄₈ No. 2| 41⁷⁄₈| 41 | 41 | 40 | 39¹⁄₄| 38⁵⁄₈ ST. LOUIS. | | | | | | White No. 1| ... | 50⁷⁄₈| 50¹⁄₂| 48⁷⁄₈| 48 | 33¹⁄₄ No. 2| 52¹⁄₂| 51 | 50 | 48³⁄₄| 48 | 33¹⁄₄ No. 4| ... | 49 | ... | 44 | 44 | ... Yellow No. 1| 52¹⁄₈| 50⁵⁄₈| [1]50¹⁄₂| 49¹⁄₈| 48 | 47¹⁄₂ No. 2| 52 | 50⁵⁄₈| 50 | 49 | 48 | 47¹⁄₄ No. 3| 51¹⁄₂| 50 | 49 | ... | 47 | 46¹⁄₂ No. 4| 50 | ... | 48¹⁄₂| ... | ... | 45¹⁄₂ ------------------------+------+------+---------+------+------+------ OATS. ------------------------+------+------+---------+------+------+------ CHICAGO. | | | | | | White No. 2| 37 | 36¹⁄₂| 36¹⁄₄| 37 | 35 | 35 No. 3| 34¹⁄₂| 34 | 33¹⁄₂| 32³⁄₄| 32³⁄₄| 33 No. 4| 33³⁄₄| 33 | 32³⁄₄| 32 | 31³⁄₄| 32¹⁄₄ MINNEAPOLIS. | | | | | | White No. 2| 34¹⁄₂| 33³⁄₄| 33 | 32¹⁄₄| 32 | 32¹⁄₂ No. 3| 33¹⁄₄| 32¹⁄₂| 32 | 31¹⁄₄| 31 | 31 No. 4| 32¹⁄₂| 31¹⁄₂| 31 | 31¹⁄₄| 31 | 30¹⁄₂ KANSAS CITY. | | | | | | White No. 3| 35⁵⁄₈| 35³⁄₈| 34³⁄₈| 33¹⁄₂| 33⁵⁄₈| 33³⁄₈ No. 4| ... | 34¹⁄₂| 33³⁄₈| ... | 33¹⁄₄| ... OMAHA. | | | | | | White No. 3| 31³⁄₄| 31¹⁄₄| 30⁷⁄₈| 29⁷⁄₈| 30 | 30 No. 4| 31 | 30¹⁄₂| 30 | 29¹⁄₂| 29¹⁄₂| 29¹⁄₂ ST. LOUIS. | | | | | | White No. 2| ... | 37¹⁄₂| [1]37¹⁄₂| 35³⁄₄| 35¹⁄₄| ... No. 3| 36¹⁄₈| 36¹⁄₂| [1]36 | 34¹⁄₂| 34¹⁄₂| 34¹⁄₄ No. 4| 35 | 34³⁄₄| 34¹⁄₂| 33³⁄₄| 33³⁄₄| 33¹⁄₂ ------------------------+------+------+---------+------+------+------ RYE. ------------------------+------+------+---------+------+------+------ CHICAGO. | | | | | | No. 2 |104¹⁄₂|102 | 100³⁄₄|100¹⁄₄| 99 | ... MINNEAPOLIS. | | | | | | Western No. 2| 99 | 97¹⁄₂| 96 | 94¹⁄₂| 93 | 92 ------------------------+------+------+---------+------+------+------ Daily Closing Prices of Futures. ------------------------+------+------+---------+------+------+------ CHICAGO. | | | | | | Wheat Sept.|123¹⁄₂|121¹⁄₂| 119¹⁄₂|117¹⁄₄|118¹⁄₄|116 Dec. |126 |126¹⁄₂| 123¹⁄₄|120⁷⁄₈|123 |120³⁄₄ Corn Sept.| 52¹⁄₄| 51 | 50⁷⁄₈| 49 | 48¹⁄₂| 47 Dec. | 52³⁄₈| 51³⁄₄| 51³⁄₈| 50¹⁄₈| 50 | 49⁵⁄₈ Oats Sept.| 35 | 34³⁄₈| 34 | 33³⁄₈| 33¹⁄₄| 32¹⁄₂ Dec. | 37³⁄₄| 37¹⁄₄| 37¹⁄₂| 36³⁄₈| 36⁵⁄₈| 36³⁄₈ KANSAS CITY. | | | | | | Wheat Sept.|116 |114 | 112¹⁄₂|111 |110³⁄₄|110 Dec. |117³⁄₄|116¹⁄₄| 115¹⁄₈|113¹⁄₈|114³⁄₄|112 May |121³⁄₄|120¹⁄₄| 119⁵⁄₈|117³⁄₄|119³⁄₈|117¹⁄₈ Corn Sept.| 42⁷⁄₈| 42¹⁄₂| 41¹⁄₄| 40¹⁄₂| 39⁵⁄₈| 39 Dec. | 44¹⁄₂| 43⁵⁄₈| 43¹⁄₄| 42¹⁄₈| 41⁷⁄₈| 41¹⁄₄ May | 48³⁄₄| 48 | 47⁷⁄₈| 46⁷⁄₈| 46⁷⁄₈| 46³⁄₈ Oats Sept.| 34 | 34 | 34 | 34 | 34 | 33³⁄₄ Dec. | 35¹⁄₂| 35 | 34³⁄₄| 34 | 34 | 33⁵⁄₈ ------------------------+------+------+---------+------+------+------
[1] Common average.
Cash wheat at Minneapolis declined 2¢ to 5¢ for No. 1 Dark Northern, and 4¢ for No. 2, more than the December future declined. On Oct. 3, No. 1 Dark Northern sold at 10¢ to 18¢ over Minneapolis December and No. 2 at 6¢ to 12¢ over. The weakness in the cash market at Minneapolis was caused by a poor flour demand and increasing receipts of spring wheat. Reports from Minneapolis for some time past have reflected a very poor demand for flour.
The visible supply statement issued on Oct. 3 showed an increase of 1,636,000 bus. of wheat for the week. The total on that date was 52,795,000 bus. compared with 27,391,000 a year ago. The supply statement also showed a decrease of 726,000 bus. of corn for the week, making the total 11,765,000 compared with 7,587,000 a year ago. In the Chicago market on Oct. 3 No. 2 Mixed corn sold at 2¢ to 2¹⁄₄¢ under December and No. 2 Yellow at 1³⁄₄¢ to 2¢ under.
=GRAIN EXPORTS.=
=Wheat Inspected Out Under American Grades Only--Flour Not Included.=
[Thousands of bushels: i. e., 000 omitted.]