Chapter II: Part 2

At the close of the week the tone of the market was barely steady. Holders were free sellers, and in many instances were inclined to make concessions in order to keep stocks as low as possible. Little export or import business was reported, although small shipments of Split Twins were imported from Canada. However, both the export and import business was of small consequence and did not affect the market. With production in excess of consumption and speculators off the market, many in the trade expect an unsettled market accompanied by lower prices.

IMPORTS OF EGGS DURING JUNE, 1922.

[Data from the Department of Commerce.]

───────────────────┬──────────┬──────────┬──────────
Imported from— │ │Dried and │
│ Eggs in │ frozen │ Egg
│the shell │ eggs. │ albumen.
───────────────────┼──────────┼──────────┼──────────
│ _Dozen._ │_Pounds._ │_Pounds._
Denmark │ 2,100│ │
Canada │ 16,957│ 12,800│
China │ 72│ 865,000│ 374,140
Hongkong │ 24,319│ 7,636│ 300
Other countries │ 6│ │
───────────────────┼──────────┼──────────┼──────────
Total: │ │ │
June, 1922 │ 43,454│ 885,436│ 374,440
June, 1921 │ 44,941│ 726,596│ 293,948
Jan. to June, 1922 │ 632,189│ 4,840,377│ 4,072,171
Jan. to June, 1921 │ 2,471,167│ 6,198,562│ 1,322,519
───────────────────┴──────────┴──────────┴──────────

CONDENSED AND EVAPORATED MILK MARKETS STILL SLOW
Domestic Products Meeting With More Competition From European
Goods—Exports Decrease.

The same relative inactivity which has featured condensed and evaporated milk markets for several months continued during July, and prospects for any materially improved demand are so slight that many of the trade who have held a more or less confident attitude are beginning to lose some of their optimism.

Export demand, upon which canned milk manufacturers have come to depend to a large extent as an outlet for surplus domestic production, has become less of a factor each month. Buying for relief purposes, which constituted such a support to the evaporated milk market especially, has practically ceased, and no additional orders seem to be in sight.

LITTLE FOREIGN DEMAND EXPECTED.

Domestic demand in England is reported as somewhat heavier, but American manufacturers have as competitors an increasing number of European factories which are able to lay down the goods at a lower cost. In fact, foreign demand is not expected to absorb very large quantities of American-made goods in the very near future. Latest export figures are for the month of June and indicate a slight decrease under May and a very large decrease under June, 1921.

Condenseries, however, have had at least one favorable condition during the past few months which has helped considerably to offset the dull demand for canned milk. Prices of both butter and cheese have been at levels that made it possible to divert surplus milk into one or the other of these products, and as a result the production of condensed and evaporated goods has been held as low as was consistent with good business practice. These outlets have been fortunate not only because of the lighter demand which has featured both condensed and evaporated milk markets, but because of the upward tendency of costs of manufacturing as well. Seasonal advances in prices of raw milk are almost at hand, and in the case of condensed milk, sugar is over one-third higher in cost than it was in the spring. The latter has been of considerable influence in diverting trade demand to evaporated milk on account of the lower prices at which this class of goods could be sold.

The summer demand from the domestic trade for condensed and evaporated milk has not been up to expectations. The icecream trade especially has taken much smaller quantities of goods than condensing firms had anticipated. This is explained partly by the fact that powdered milk is being more widely used in the manufacture of ice cream, and partly by the relatively cool weather in various consuming sections of the country.

Summarized figures from manufacturers indicate that condensing operations have been carried on conservatively and that due consideration has been given to the anticipated and actual dull summer demand from all classes of trade. Although total stocks on July 1, as indicated in the accompanying tables, reveal a moderately heavy increase over June 1, it must be borne in mind that the heavy producing season has just passed. It is to be noted also that while total stocks on July 1 were heavier than on the first of the previous month unsold stocks were lighter. Furthermore, a comparison of total stocks on July 1 this year and last shows a decrease of approximately 26%. Therefore, from the statistical standpoint, markets were, perhaps, in better shape on July 1 than they were June 1.

Stocks and Exports of Condensed and Evaporated Milk.

[In thousands of pounds; i. e., 000 omitted].

───────────────────────┬───────────────┬───────────────┬─────────────── Stocks. │ │ June 1, │ │ July 1, 1922. │ 1922.[11] │ July 1, 1921. ───────────────────────┼───────┬───────┼───────┬───────┼───────┬─────── │ Case │ Bulk │ Case │ Bulk │ Case │ Bulk │goods. │goods. │goods. │goods. │goods. │goods. ───────────────────────┼───────┼───────┼───────┼───────┼───────┼─────── CONDENSED. │ │ │ │ │ │ Total stocks │ 21,706│ 22,078│ 25,032│ 12,520│ 33,670│ 27,981 Total unsold stocks │ 16,325│ 16,215│ 21,775│ 9,360│ 28,577│ 21,567 Total unfilled orders │ 183│ 229│ │ 422│ 460│ │ │ │ │ │ │ EVAPORATED. │ │ │ │ │ │ Total stocks │141,380│ 499│135,895│ 370│169,576│ 1,331 Total unsold stocks │ 84,234│ 351│109,238│ 362│142,215│ 1,318 Total unfilled orders │ 1,196│ │ 1,315│ │ 2,342│ ═══════════════════════╪═══════╧═══════╪═══════╧═══════╪═══════╧═══════ Exports. │ June, 1922. │ May, 1922. │ June, 1921. ───────────────────────┼───────────────┼───────────────┼─────────────── Condensed milk │ 4,817│ 6,678│ 8,060 Evaporated milk │ 10,890│ 9,032│ 13,640 ───────────────────────┼───────────────┼───────────────┼─────────────── Total │ 15,707│ 15,710│ 21,700 ───────────────────────┴───────────────┴───────────────┴───────────────

Prices to Producers at Condenseries for 3.5% Milk.

[Per 100 pounds.]

───────────────────┬─────────────────────────┬───────────────────────── Geographic section.│By manufacturers of case │By manufacturers of bulk │ and bulk goods. │ goods only. ───────────────────┼────────────┬────────────┼────────────┬──────────── │ July. │ June. │ July. │ June. ───────────────────┼────────────┼────────────┼────────────┼──────────── New England │ $1.73│ $1.53│ │ Middle Atlantic │ 1.83│ 1.85│ $1.76│ $1.62 South Atlantic │ 1.69│ 1.64│ 1.45│ 1.45 East North Central │ 1.58│ 1.42│ 1.71│ 1.62 West North Central │ 1.59│ 1.53│ 1.56│ 1.56 Western (North) │ 1.65│ 1.56│ 1.71│ 1.54 Western (South) │ 4.61│ 1.42│ │ ───────────────────┼────────────┼────────────┼────────────┼──────────── United States │ 1.60│ 1.45│ 1.72│ 1.61 ───────────────────┴────────────┴────────────┴────────────┴────────────

Wholesale Prices of Condensed and Evaporated Milk.

[To domestic trade.]

───────────────────┬─────────────────────────┬───────────────────────── Geographic section.│Sweetened condensed. Case│ Unsweetened evaporated. │ of 14‒oz. cans. │ Case of 16‒oz. cans. ───────────────────┼────────────┬────────────┼────────────┬──────────── │ June. │ May. │ June. │ May. ───────────────────┼────────────┼────────────┼────────────┼──────────── New England │ $5.12│ $5.10│ $3.91│ $3.89 Middle Atlantic │ 5.18│ 5.03│ 3.87│ 3.87 South Atlantic │ 5.27│ 5.25│ 3.91│ 3.95 East North Central │ 5.34│ 5.26│ 3.75│ 3.73 West North Central │ 5.20│ 5.13│ 3.79│ 3.76 South Central │ 5.45│ 5.41│ 3.95│ 3.95 Western (North │ │ 4.70│ 4.03│ 3.89 Western (South │ │ │ 4.06│ 4.00 ───────────────────┼────────────┼────────────┼────────────┼──────────── United States │ 5.24│ 5.17│ 3.89│ 3.86 ═══════════════════╧════════════╧════════════╧════════════╧════════════

GREAT BRITAIN’S BUTTER IMPORTS.

(Concluded from front page.)

the shifted seasonal trend of England’s butter imports, for if the imports follow the same seasonal trend in 1922 as during the period from 1917 to 1921 England had already received at the end of June two-thirds of that country’s foreign supply for the present year.

During the first fire months of 1922 England received 60,000,000 lbs. from Denmark, compared with 48,000,000 lbs. during the corresponding period of 1921. Danish exporters in recent years have scattered their exports to various other countries, and while not so dependent upon England for a market as previously, could at any time take advantage of any favorable offer from their long-established British trade. The flush of the butter production in Denmark was reached this year by June 1 and the competition met in the English market is now not so largely European as formerly, which doubtless leaves Denmark with some seasonal advantage.

The prospective demand for butter in England during the rest of this year depends largely, of course, upon the consumer’s purchasing power.

MILK POWDER REPORT FOR JULY.

Manufacturers’ Stocks of Powdered Milk.

───────────────────┬─────────────────────────┬─────────────────────────
│ Whole milk powder.│ Skimmed milk powder.
───────────────────┼────────────┬────────────┼────────────┬────────────
│Case goods. │Bulk goods. │Case goods. │Bulk goods.
───────────────────┼────────────┼────────────┼────────────┼────────────
Total stocks,[12] │ │ │ │
July 1: │ _Pounds._│ _Pounds._│ _Pounds._│ _Pounds._
1921 │ 393,090│ 854,980│ 245,481│ 11,039,889
1922 │ 110,434│ 1,269,262│ 194,479│ 7,484,849
│ │ │ │
Unsold stocks,[13] │ │ │ │
July 1: │ │ │ │
1921 │ 393,090│ 128,980│ 245,481│ 8,016,419
1922 │ 110,434│ 538,588│ 133,101│ 3,341,739
───────────────────┴────────────┴────────────┴────────────┴────────────

Wholesale Prices of Skimmed Milk Powder During June, 1922.

[Cents per pound.]

───────────────────┬─────────────────────────┬─────────────────────────
│ Case goods.[14] │ Barreled goods.
───────────────────┼────────────┬────────────┼────────────┬────────────
Geographic section.│ │ Bulk of │ │ Bulk of
│ │sales, fresh│ │sales, fresh
│ Range.[15] │ goods.[16] │ Range.[15] │ goods.[16]
───────────────────┼────────────┼────────────┼────────────┼────────────
New England │ 33│ 33│ 7½‒11│ 8 ‒11
Middle Atlantic │ 15‒33│ 15‒33│ 7 ‒11│ 7 ‒11
South Atlantic │ 33│ 33│ 7¾‒11│ 8½‒11
East North Central │ 33│ 33│ 6¾‒11│ 7½‒11
West North Central │ 33│ 33│ 6 ‒11│ 8 ‒11
South Central │ 33│ 33│ 7¾‒11│ 9 ‒11
Northwestern │ 36│ 36│ 5 ‒12│ 5 ‒12
Southwestern │ 20‒36│ 20‒36│ 6½‒12│ 6½‒12
───────────────────┴────────────┴────────────┴────────────┴────────────

Prices of other powdered milk products ranged as follows: Whole milk powder, 30¢‒58¢ per 1‒lb. can for case goods, and 22¢‒28¢ for goods packed in barrels; dried buttermilk 10½¢‒12¢ for case goods, and 3½¢‒11¼¢ for goods packed in barrels.

Skimmed milk powder for export trade was reported sold at 10¢‒11¼¢ per lb. f. a. s. Atlantic seaboard, and 7½¢ per lb. f. a. s. Pacific seaboard.

Exports of Powdered Milk During
June, 1922.

─────────────────────────┬─────────
Destination. │ Pounds.
─────────────────────────┼─────────
France │ 23,023
Germany │ 361,110
Norway │ 1,500
Netherlands │ 227,400
United Kingdom │ 86,200
Canada │ 2,898
Newfoundland and Labrador│ 1,974
Panama │ 3,009
Mexico │ 26,469
Cuba │ 1,670
Peru │ 4,442
Venezuela │ 4,010
China │ 46,265
Hongkong │ 5,000
Japan │ 21,090
Philippine Islands │ 695
Other countries │ 5,870
Total: │—————————
June, 1922 │ 822,625
June, 1921 │ 733,577
Jan.-June, 1922 │4,610,082
Jan.-June, 1921 │2,735,869
─────────────────────────┴─────────

Canada’s Storage Stocks of Butter on July 1 Below last Year.

The quantity of creamery butter in storage throughout Canada on July 1 was 10,178,891 lbs., while that of dairy butter was only 426,671 lbs. Comparative figures show this to be a decrease of 34% in the case of creamery butter and 18.83% in the case of dairy butter from the amounts held in storage on the corresponding date last year.

* * * * *

=The average quantity of peanuts= exported per annum from Senegal during the five years 1916‒1920 was 190,512 metric tons, according to the American Consul at Dakar, Senegal. Peanuts constitute the most important export crop of Senegal, most of the exportable surplus going to England and France.

_Fruits ^{and} Vegetables_
SHIPMENTS CONTINUE HEAVY; WHITE POTATO PRICES SLUMP
Car-lot Movement So Far This Season about 28,000 Cars Larger than to
Same Time in 1921.

Shipments of 14 lines of fruits and vegetables during the week ending July 29 increased nearly 300 cars over the previous week, having filled 14,531 cars. This is about 930 cars less than during the corresponding period last year, but the total movement of these 14 products this season to July 29 is 28,000 cars ahead of last season to the same date.

With accumulated supplies in many cities, white potato markets were slow and weak. A further decrease of 275 cars in last week’s shipments, however, may tend to strengthen this line. Peaches also showed declines of 50¢-$1 under a peak movement of 2,100 cars. Cantaloupe markets tended to advance and watermelons were nearly steady, even though shipments of the latter crop jumped nearly 500 cars over the preceding week. Movement of grapes and pears continued to gain, especially from California. The grape season is later than usual in central California, but probably 20,000 cars of grapes will come from that territory this year.

APPLE SHIPMENTS DECREASE.

With the cleaning up of early summer apples, there was a decrease of nearly 120 cars in the shipments of that commodity. Further losses occurred in the movement of lettuce and tomatoes; in fact, only 230 cars of tomatoes were shipped from producing sections compared with 500 cars the week before. The only marked increase in lettuce movement was from Colorado. Onion shipments showed a reaction from the previous week and decreased to about 300 cars. Movement of sweet potatoes is becoming more active as the season advances, and jobbing sales of Alabama stock in bushel hampers declined 25¢ in Chicago and Cincinnati, closing at $1‒$1.25.

_Apples._—California apples are becoming a prominent feature of the market, shipments from that State having been six times greater than the week before. Northwestern stock is moving in a small way, Washington growers having forwarded 14 cars and Oregon growers one car last week. New York early varieties also started to roll to consuming centers, but the season is somewhat later in that section than it was last year. Michigan shipped more apples than any other State during the week. Various varieties from producing districts near Chicago jobbed in that market at 50¢-$l per bu., a decline of nearly $1 a basket. Eastern red apples brought $1‒$1.25 in New York City.

_Peaches._—Most markets reported heavy arrivals of peaches. St. Louis received 294 cars, Chicago 267 cars, New York 281 cars, and other large eastern cities about 150 cars each. Liberal supplies, combined with much stock in poor condition, caused the wholesale market for Georgia Elbertas to fall to a level of $2‒$2.75 per crate or bushel basket. Best Elbertas from North Carolina closed at $2.25‒$2.50. Arkansas stock held firm in St. Louis at $2‒$2.25 but was weak in Chicago. Shipments from North Carolina were twice as heavy as during the preceding week, totaling more than 700 cars. Nearly 1,300 cars have already come from that State this season. Arkansas sent almost 600 cars to market during the week. Movement from Georgia decreased about 70%, but the season is becoming very active in Illinois, Tennessee, and Oklahoma, as well as in the Middle Atlantic sections. Early varieties from eastern States sold in leading wholesale markets at $1.50‒$2 per bu. Tennessee Elbertas ranged as high as $3‒$3.25 in Cincinnati and Cleveland, but were $1 lower in Chicago because of the oversupplied market.

PRICES OF FRUITS AND VEGETABLES.

Jobbing Range.

POTATOES, Virginia Eastern Shore Irish Cobblers, No. 1—Barrels.

─────────────┬────────────┬─────────────────────────────┬────────────── Market. │ Week’s │ │ │ carlot │ │ │ arrivals. │ This season. │One year ago. ─────────────┼────────────┼──────────────┬──────────────┼────────────── │ │ July 31. │ July 24. │ ─────────────┼────────────┼──────────────┼──────────────┼────────────── New York │ 447│ $1.50‒1.75│ $2.75‒3.00│ $4.25‒4.50 Boston │ 168│ 2.75‒3.00│ 3.75‒4.00│ 5.25‒5.50 Philadelphia │ 160│ 1.50‒1.75│ 2.50‒2.65│ 4.00‒4.50 Baltimore │ 41│ 1.75‒2.00│ 2.75‒3.25│ 4.50 Pittsburgh │ 210│ 2.65│ 3.40‒3.50│ 5.10‒5.25 Cincinnati │ 40│ 3.00‒3.25│ 4.00│ [17]3.00‒3.15 Chicago │ 378│ [18]2.75‒3.00│ [18]3.75‒3.80│ [18]5.50 St. Louis │ 72│ 3.50│ 4.00│ Kansas City │ 93│ [19].75‒1.00│ [19]1.25‒1.50│ [19]1.00‒1.25 ─────────────┴────────────┴──────────────┴──────────────┴──────────────

WATERMELONS, Georgia and Carolina Tom Watsons, medium sizes—Bulk per
car.

─────────────┬────────────┬──────────────┬──────────────┬────────────── New York │ 169│ $200‒350│ $200‒350│ $200‒250 Boston │ 45│ [20].35‒.45│ [20].20‒.40│ [20].30‒.50 Philadelphia │ 142│ 175‒375│ 150‒275│ 200‒300 Baltimore │ 204│ 250‒350│ 275‒425│ Pittsburgh │ 82│ 200‒350│ 500│ 225‒350 Cincinnati │ 65│ [21]15‒40│ [21]20‒45│ [21]20‒25 Chicago │ 170│ 240‒425│ 215‒450│ [22]325‒375 St. Louis │ 122│ [22]220│ 140‒175│ 250‒300 Kansas City │ 102│ [23]1.50‒2.00│ [23]2.00‒2.50│ ─────────────┴────────────┴──────────────┴──────────────┴──────────────

CANTALOUPES, California and Arizona Salmon Tints—Standards 45’s.

─────────────┬────────────┬──────────────┬──────────────┬────────────── New York │ 420│ $2.75‒3.00│ $2.50‒2.75│ $3.50‒3.75 Boston │ 99│ 2.75‒3.00│ 2.75‒3.00│ 4.00‒4.25 Philadelphia │ 88│ 2.75‒3.00│ 1.7.5‒2.25│ 3.00 Baltimore │ 8│ │ 1.75‒2.00│ 2.50 Pittsburgh │ 108│ 2.75‒3.00│ 2.00‒2.25│ 3.50‒4.00 Cincinnati │ 41│ 2.00‒2.25│ 2.25‒2.50│ 3.00 Chicago │ 267│ 2.50‒2.75│ 2.00‒2.25│ 2.75‒3.00 St. Louis │ 65│ [24]1.00‒1.50│ 2.25‒2.50│ [24]2.00 Kansas City │ 82│ [24]2.00│ 1.50‒1.75│ [24]3.00 ─────────────┴────────────┴──────────────┴──────────────┴──────────────

PEACHES, Georgia Elbertas—Sixes and bushel baskets.

─────────────┬────────────┬──────────────┬──────────────┬────────────── New York │ 281│ $2.50‒2.75│ $2.75‒3.00│ $4.00‒4.25 Boston │ 159│ 2.00‒2.50│ 3.25‒4.50│ 5.00‒5.25 Philadelphia │ 125│ 2.00‒2.25│ 2.75‒3.25│ 3.75‒4.25 Baltimore │ 65│ 2.50│ 2.75‒3.25│ 4.00‒4.25 Pittsburgh │ 127│ 2.25‒2.50│ 2.75‒3.25│ 3.50‒4.00 Cincinnati │ 43│ 2.50‒2.75│ 3.00│ 4.00 Chicago │ 267│ 2.00‒2.25│ 3.00‒3.50│ 3.75‒4.00 St. Louis │ 294│ [25]2.00‒2.25│ 2.00‒2.25│ 4.50‒5.00 Kansas City │ 110│ [26]1.50‒1.75│ 2.75‒3.00│ [25]4.50 ─────────────┴────────────┴──────────────┴──────────────┴──────────────

APPLES, various Early Red varieties—Bushel baskets.

─────────────┬────────────┬──────────────┬──────────────┬────────────── New York │ 88│ $1.00‒1.25│ $1.25‒1.50│ Boston │ 22│ 1.50‒1.75│ 1.50‒1.75│ $3.50‒4.00 Baltimore │ 3│ 1.25‒1.50│ 1.25‒1.50│ Pittsburgh │ 67│ 1.25‒1.35│ 1.50│ Chicago │ 107│ [26].50‒1.00│ [26]1.50‒1.75│ 2.00‒3.00 ─────────────┴────────────┴──────────────┴──────────────┴──────────────

Prices f. o. b. Shipping Points.

──────────────────────────┬──────────────┬──────────────┬────────────── POTATOES (100 lbs.) │ │ │ Minneapolis, Minn. │ $0.85‒0.95│ $1.00‒1.10│ $1.10‒1.25 Kaw Valley, Kans. │ .85│ .65‒.85│ South Jersey Points │ 1.00‒1.05│ 1.50│ 2.60 North Jersey Points │ .95‒1.00│ 1.35│ 2.50‒2.60 Kearney, Nebr. │ │ 1.55│ 1.95 Onley, Va. │ 1.75‒1.90│ 2.25‒2.50│ 4.40‒4.50 │ │ │ WATERMELONS (cars). │ │ │ Macon, Ga. │ 100‒200│ 75‒175│ 40‒100 Sulphur Springs, Tex. │ [11].40‒.60│ [27].45‒.85│ Kennett, Mo. │ 100‒160│ │ 200‒390 ──────────────────────────┴──────────────┴──────────────┴──────────────

_Cantaloupes._—Sales of cantaloupes were made at advances over the previous week in most consuming centers, far western Salmon Tints ranging $2.50‒$3 per standard crate except in Cincinnati, where low mark of $2 was reached. Arizona shipped only 60 cars and Imperial Valley 25, compared with their combined total of 300 cars the week before. The Turlock section, however, showed an increase of 100% in movement, supplying more cantaloupes than any other producing district. Cantaloupes moved more freely from Indiana, Illinois, and Missouri. Arkansas shipments fell below 100 cars and supplies from the Carolinas are about cleaned up. In the West, the Las Cruces section of New Mexico has become active. Pink Meats from that territory, flats 12’s and 15’s, brought $1.15 in Chicago. On the Atlantic coast, Delaware started with a weekly movement of 60 cars. Maryland furnished almost 400 cars of cantaloupes, and standard crates of Green Meats from that State jobbed in Baltimore at $1.25‒$1.50. New York reported sales at a like figure. Indiana Salmon Tints closed at $1.50‒$2 in Middle Western cities.

POTATO SHIPMENTS HEAVY.

_White Potatoes._—Wholesale prices of potatoes slumped considerably during the week, probably as a result of liberal supplies. Although the week’s shipments showed a decrease, arrivals on the New York market were nearly 550 cars. Chicago received about 400 cars. No. 1 Irish Cobblers from the Eastern Shore of Virginia reached a low point of $1.50 per bbl. in nearby cities, a loss of $1 or more. At the same time last year the jobbing price was $4‒$4.50. Car-lot sales in Chicago averaged about $3 last week. Kansas sacked Cobblers, many dirty, closed at $1.15‒$1.25 per 100 lbs. The Chicago range on partly graded Early Ohios was 85¢ for Kaw Valley stock, $1‒$1.15 for Minnesota stock, and $1.25 for Nebraska stock. New Jersey Cobblers, in 150‒lb. sacks, jobbed at $1.25‒$2 per sack in important eastern markets.

Jersey shipping points were reported dull and slow at the close of the week, although shipments from that section exceeded those from any other State, having amounted to almost 1,400 cars, compared with 530 the previous week. Eastern Shore of Virginia shipments filled only 1,100 cars, a decline of 400, and the Eastern Shore of Maryland marketed less than 500 cars of potatoes last week. Movement from Kaw Valley declined sharply. The season in the Kearney district of Nebraska was not yet in full swing.

_Watermelons._—There was little change in the jobbing price of watermelons. Georgia shippers handled 50% more business than during the week ending July 22, but the season in that section will not last long. As the movement waned in South Carolina it became more active in North Carolina, about 275 cars having come from the latter State. Southeast Missouri is coming along fast. From the Sulphur-Springs-Omaha district of Texas about 1,000 cars of watermelons are expected, and the Weatherford district may ship 600 cars. Texas melons will be most abundant the first week of August, rainy weather having delayed the season in north Texas.

_Cabbage._—New York shipped its first car of cabbage last week, as did Michigan, also. About 80% of the week’s supply, however, came from Iowa and the Roanoke section of Virginia, each of those sections having furnished about 60 cars. Colorado cabbage also is becoming plentiful. In five counties of southern Michigan the cabbage acreage is estimated at 1,285 acres, compared with 590 acres in 1921. About 1,400 acres are reported from Saginaw County in northern Michigan.

Special Fruit Trains Bring Berries from Northwest.

Berries grown in the Puget Sound region of the Northwest are served on breakfast tables in Chicago 80 hours after being picked as a result of the establishment of a special express refrigerator train service operating on passenger schedule between the Pacific Northwest and Chicago.

Previously these fresh fruits were marketed in the locality in which they were grown or they were shipped in single cars by express to eastern markets; but in the last few years the development of the berry industry has been so rapid in the Northwest that additional outlets had to be found. The special train service which has been inaugurated is meeting this situation very successfully. Berries of various kinds are arriving daily in Chicago from the White Salmon, Yakima, Puyallup, and Walla Walla valleys, from Vashon Island, Puget Sound, and from Lewiston, Idaho.

In the production centers the berries are rushed by motor truck and interurban car to the refrigerator cars on the railroad sidings every afternoon. The cars are loaded, iced, and hurried on passenger schedule to Spokane where they are united into a special fruit train. Early in the morning the train pulls out from Spokane for the East. These trains are iced five times between the Pacific coast and Chicago and make no other stops. Recently train loads of red raspberries have been arriving in Chicago every day. Loganberries also have been abundant, but the larger part of the supply has been raspberries. Arrivals were at the rate of two cars per day during the latter part of July.

Most shipments have carried through in fine condition, with only a few packages showing decay or mold. The berries are all packed in 24‒pt. crates which are only a single layer deep, instead of three layers deep as are the Michigan red raspberries. The quality of the raspberries has been fine, the berries being large and of a desirable red color. A few black raspberries, blackberries, and red currants have also come from the Northwest, but only as parts of cars. These have likewise been attractively packed and were of good quality, having shown but little decay.

CARLOAD SHIPMENTS OF FRUITS AND VEGETABLES.

─────────────────┬────────┬────────┬────────┬────────┬────────┬──────── Commodity. │ │ Same │Previous│ This │ Last │ │ Week │ week │ week │ season │ season │ Total │ ending │ last │ this │to July │to July │ last │July 29.│season. │season. │ 29. │ 29. │season. ─────────────────┼────────┼────────┼────────┼────────┼────────┼──────── Apples │ 521│ 542│ 639│ 3,091│ 1,176│ 88,544 Cabbage │ 151│ 161│ 126│ 17,208│ 12,843│ 31,222 Cantaloupes │ 1,801│ 1,704│ 1,830│ 19,268│ 16,868│ 25,572 Celery │ 55│ 35│ 65│ 5,030│ 4,344│ 11,642 Grapes │ 108│ 167│ 62│ 207│ 337│ 37,203 Lettuce │ 302│ 334│ 329│ 16,926│ 14,385│ 18,300 Onion │ 323│ 423│ 388│ 7,597│ 6,669│ 20,784 Peaches │ 2,101│ 1,600│ 1,771│ 10,813│ 14,353│ 27,222 Pears │ 648│ 612│ 455│ 1,216│ 1,367│ 12,823 Potatoes: │ │ │ │ │ │ Sweet │ 139│ 135│ 84│ 347│ 165│ 19,266 White │ 3,873│ 3,604│ 4,147│ 46,672│ 39,081│ 238,138 Tomatoes │ 230│ 339│ 498│ 17,846│ 11,883│ 17,204 Vegetables, mixed│ 626│ 427│ 663│ 11,013│ 9,346│ 15,566 Watermelons │ 3,653│ 5,377│ 3,184│ 34,596│ 31,106│ 46,463 ─────────────────┼────────┼────────┼────────┼────────┼────────┼──────── Total │ 14,531│ 15,460│ 14,241│ 191,830│ 163,923│ 609,949 ─────────────────┴────────┴────────┴────────┴────────┴────────┴────────

Chicago an Important Market for Raspberries and Small Fruits.

Large supplies of raspberries and loganberries have recently been arriving on the Chicago market from the Pacific Northwest. Special train service has been provided by one of the leading railroads, so that these highly perishable fruits come through in record time and in good condition.

According to reports of a Chicago representative of the U. S. Department of Agriculture, prices of Northwestern red raspberries have ranged from $3 per 24‒pt. crate to as high as $4.50 per crate for the best stock at the beginning of the season. The average price has been around $3.50‒$4 for good stock, with a fairly steady market.

At this season of the year in Chicago most of the small fruit competition is from Michigan. Heavy supplies of Michigan blackberries, red raspberries, black raspberries, and blueberries have been coming in during July. There has also been a liberal supply of red currants and gooseberries. The following table shows the jobbing prices of these fruits in comparison with berries from the Northwest and from New York:

────────────────────────────┬───────────────┬───────────────
Source and kind of fruit. │Size of crate. │ Price.
────────────────────────────┼───────────────┼───────────────
Northwest red raspberries │24‒pint │ $3.50‒4.00
S. Michigan red raspberries │24‒pint │ 2.50‒3.50
N. Michigan red raspberries │24‒pint │ 3.00‒3.75
Michigan black raspberries │24‒pint │ 1.50‒2.25
Michigan black raspberries │16‒quart │ 2.00‒2.50
Michigan blackberries │16‒quart │ 1.75‒2.50
Michigan gooseberries │16‒quart │ 2.00‒2.50
Michigan currants (large) │16‒quart │ 2.75‒3.25
Michigan currants (small) │16‒quart │ 2.00‒2.50
Michigan blueberries │16‒quart │ 3.00‒4.50
New York currants (red) │32‒quart │ 4.00‒6.00
New York red raspberries │48‒pint │ 3.25
Michigan sweet cherries │16‒quart │ 1.00‒3.50
────────────────────────────┴───────────────┴───────────────

Black raspberries from Michigan have not sold as high as reds this season, although in many seasons they sell at the same levels. Currants and gooseberries have varied widely in price. Blueberries have been in good demand.

New York has shipped a large volume of red currants to Chicago in 32‒qt. crates and these have ranged $4‒$6, depending on the quality, condition, and the market. One car of New York State Columbia red raspberries, shipped from Clyde, Wayne County, has arrived to date and sold at $3.25 per 48‒pt. crate. This stock was of fine quality but in rather poor condition.

Practically all of the sour cherry supply comes from Michigan, packed in 16‒qt. crates and, after the first few Early Richmonds, consists principally of Montmorency and a few English Morello. Wisconsin also ships a few cars of Montmorency in the same package. Odd lots of sweet cherries in 16‒qt. boxes come from Michigan. These for the most part vary widely in quality and condition and are not graded well enough or handled carefully enough to compete with the well-packed sweet cherries, principally Royal Annes and Bings, from Washington, Oregon, Idaho, and Utah. Most of them are Black Tartarians, Windsors, Bings, and Napoleons (same cherry as the western Royal Anne). The price has had the exceedingly wide range of $1‒$3.50 per 16‒qt. crate.

Report on Cabbage and Onions in New York.

Reports from the field service of the U. S. Department of Agriculture for the date of July 25 contain the following information concerning commercial cabbage and onions in New York:

_Cabbage._—The acreage planted to cabbage in the eastern portion of the cabbage belt in Cortland, Chenango, Madison, and eastern Onondaga Counties and in some sections of the western counties has increased greatly over 1921, but for the State as a whole the acreage is probably not far from average. The percentage of the acreage in late cabbage is larger than usual. Rain has delayed planting and damaged cabbage on low ground but has prevented aphis damage, so that the average condition of the crop is good throughout the State.

New York ranks first among the States in production of commercial cabbage and Ontario County first among the counties of the State. This county will begin to ship cabbage by Aug. 15, but most of the crop is late.

_Onions._—Harvesting of early onions in Orange County began July 15, but the main crop will move between Aug. 10 and Sept. 1. Best yields may reach 400 to 500 bus. per acre but rains have reduced the probable average for the county to 275 bus. and perhaps to 250 bus.

Growers and Dealers Expect Good Potato Crop in New Jersey.

Growers and dealers in the northern and southern potato sections of New Jersey are optimistic over the prospects of this season’s potato crop, according to a report from the Philadelphia representative of the market news service conducted by the U. S. Department of Agriculture.

The weather has been almost ideal from the growing standpoint and prospects are for the best crop in respect to both quality and quantity that New Jersey has had in several years. This is true of all varieties, but especially of the Irish Cobblers and the Giants. Thus far the crop has been yielding 60‒80 bbls. per acre, mostly around 70 bbls., which is a good yield for so early in the season.

Although some fields, especially in north Jersey (Burlington, Mercer, and Monmouth Counties), show signs of late blight, this disease does not appear nearly so prevalent as during the past few years. In south Jersey (Salem and Cumberland Counties) very little of this disease has appeared.

The potato deal in all sections of the State opened generally about July 17. Contrary to custom, it looked as if the northern district would ship early potatoes more freely than the southern section. Very little of the stock seems to have been contracted.

There probably will be keen competition this season, especially in north Jersey, because three or four growers’ exchanges besides several large individual dealers are interested in the deal. In the southern district there is only the one exchange, but there are several large shippers.

Increasing quantities of potatoes are moving by truck from producing sections to New York City, Jersey City, Newark, and especially to the seashore cities. Many trucks are also being used for shipping to Pennsylvania cities, and the total truck movement probably will affect the season’s carlot shipments by several hundred cars. To July 29 about 2,060 cars of potatoes had been reported shipped from New Jersey, compared with 1,850 cars to the same date last year. Total shipments last season were almost 10,500 cars.

* * * * *

=The close-of-the-season movement= of Maine potatoes was twice as heavy as in June, 1921. Total shipments from that State have broken all records, amounting to approximately 40,000 carloads, or one-fifth of the entire late potato shipments of the United States.

_Grain_
WHEAT CONTINUED DOWNWARD
TREND; CORN FAIRLY STEADY Receipts of Wheat Increased—Heavy Export Sales
Continued—Oats Prices Dropped Off.

The steady decline which has prevailed in the wheat market for some time continued during the week ending July 29 when September wheat at Chicago closed at $1.08, 1⅜¢ lower than at the close of the previous week. The heaviest decline occurred on Monday, when September wheat closed at $1.07⅜. The market rallied somewhat toward the close of the week but did not regain the loss sustained during the early part of the week.

The principal bearish factors were the heavy primary receipts, estimated at 15,902,000 bus., which caused large hedging sales; lower foreign markets; and the weakness in foreign exchange. Opposed to these influences were the bullish reports of heavy export sales and the reports that more wheat would be needed by foreign buyers than had been generally anticipated.

STRIKE SETTLEMENT A FACTOR.

The possibility of an early settlement of the railroad and coal strikes and a freer movement of grain were also considered by the trade as factors that would tend to lower wheat prices.

Although corn and oats prices held fairly firm, the tone of the market for these two grains appeared weaker as favorable weather improved the crop prospects. The September corn future at Chicago closed at 62½¢ on July 29, compared with 63¼¢ on July 22.

Receipts of wheat at Chicago were more than 1,000 cars larger than the previous week, totaling 3,177 cars, of which 2,583 were winter wheat. The movement appears to be about normal, however, as 3,973 cars were received during the corresponding week last year. The quality of the wheat received was good, about 71% grading Nos. 1 and 2, and 21% grading No. 3, leaving only about 8% grading below No. 3.

Milling demand was slow during the first part of the week but improved later. Export demand was active and sales totaling 2,600,000 bus. were reported made from Chicago to exporters during the week. Premiums of from 24¢ to 47¢ over the September future prices were still being paid for cash wheat at Minneapolis. This is a reduction, however, of 1¢ from the top and 3¢ from the bottom of the range quoted at the close of the previous week. Receipts, especially of good quality, continued light.

The danger of rust damage had about passed in the spring wheat territory as harvesting was well under way. The first car of new spring wheat arrived during the week. Local mills and buyers were not inclined to put out bids for wheat to arrive. Straight-to-arrive bids for 20‒day delivery were being made at the close of the week at 15¢ over the September price, and for 10‒day delivery at 25¢ over the September. Northwestern mills are reported to be operating at about 60% of their capacity.

In the Soft Winter wheat section the embargoes placed by the railroads against shipments to the South and Southeast restricted shipments to mills in that territory. This caused a lighter milling demand at St. Louis and Cincinnati. At the former market, however, good buying by elevator interests to cover sales for July and August shipments, and by exporters for direct shipment to the Gulf, kept the market firm. Receipts were 1,161 cars, most of which were Soft Winter.

About 82% of the 177 cars of Soft Winter wheat received at Cincinnati graded No. 3 or better, principally because of test weight, and was of good milling quality. Prices were firm notwithstanding the curtailment of outbound shipments.

EXPORTERS ACTIVE AT KANSAS CITY.

Receipts at Kansas City totaled 3,443 cars. The movement from the country was large and is expected to continue in good volume for some time. Milling demand was only fair. Eastern mills took only small lots and Northwestern mills also bought on a small scale because of the promising outlook for Spring wheat. There was an excellent export demand, however, and very active bidding was indulged in by exporters to the Gulf who were eager to obtain wheat to fill sales for shipment. Bids for wheat for August delivery were made as high as 17¢ per bu. over the Chicago September future price but later were reduced to 15¢ premium. Bids for September loading at the Gulf were made at 13¢ over the Chicago September price.

The activity in the export market was especially noticeable at the Atlantic seaboard markets, as the failure of shippers to make delivery on July contracts compelled many exporters to buy in the open market to fill the ocean tonnage already engaged. A number of boats were loaded at two or more ports in order to get sufficient wheat for the cargoes. There was a good demand for Hard Winter for various continental markets, for Red Winter for France, and for Hard Winter and Durum wheat for Italy.

CORN PRICES FAIRLY STEADY.

Although future prices were slightly lower and crop prospects were good, cash corn prices held fairly steady to firm. Receipts were about normal. Shipping orders and export sales absorbed the offerings readily at the principal markets. Primary receipts were estimated at 5,474,000 bus. compared with 4,464,000 bus. last year. Primary shipments were 8,510,000 bus. compared with 5,251,000 bus. a year ago, thus indicating a relatively better demand at present than at the corresponding time last year.

Lake shipments to American ports from Chicago during the week were 2,072,000 bus.

(Concluded on page 116, column 3.)

═══════════════════════════════════════════════════════════════════════
GRAIN EXPORTS.

Wheat Inspected Out under American Grades Only. Flour Not Included.

[Thousands of bushels; i. e., 000 omitted.]

───────────────────────────────┬───────┬───────┬───────┬───────┬─────── │Wheat. │ Corn. │ Oats. │Barley.│ Rye. ───────────────────────────────┼───────┼───────┼───────┼───────┼─────── Week ending July 29, 1922: │ │ │ │ │ Atlantic ports[28] │ 1,430│ 1,788│ 758│ 296│ 319 Gulf ports[29] │ 1,068│ 19│ 12│ │ Pacific ports[30] │ 130│ │ │ 823│ ───────────────────────────────┼───────┼───────┼───────┼───────┼─────── Total │ 2,628│ 1,807│ 770│ 1,119│ 319 Previous week │ 2,727│ 2,065│ 940│ 319│ 690 Corresponding week last year │ 8,515│ 566│ 93│ 66│ 471 Total July 1 to 29, 1922 │ 11,125│ 6,066│ 2,544│ 2,269│ 2,154 Corresponding period last year │ 19,993│ 3,236│ 233│ 1,445│ 862 ───────────────────────────────┴───────┴───────┴───────┴───────┴───────

GRAIN PRICES.

Daily Average of Cash Sales at Certain Markets, Week ending Friday,
July 28, 1922.

[Cents per bushel.]

WHEAT.

─────────────────────────┬──────┬──────┬──────┬──────┬──────┬──────
│ Sat. │ Mon. │ Tue. │ Wed │ Thr. │ Fri.
─────────────────────────┼──────┼──────┼──────┼──────┼──────┼──────
CHICAGO. │ │ │ │ │ │
Hard Winter No. 1 │ 114¼│ 111¾│ 112¾│ 114¼│ 113│ 114¼
No. 2 │ 114¼│ 111½│ 112│ 113¼│ 112│ 113½
No. 3 │ │ 109½│ 110½│ 112│ 111¾│ 112¾
Yel. Hrd. Win. No. 1 │ │ 109½│ 112¼│ │ 111¾│ 112¾
No. 2 │ 113¼│ 111│ 111│ 112¼│ 111│ 112¼
No. 3 │ │ 110½│ │ 111│ 110│ 111¾
Red Winter No. 2 │ 113½│ 110½│ 110│ 110¼│ 110¼│ 111¼
No. 3 │ 112¼│ 108¾│ 108¾│ 108│ 107¾│ 108½
MINNEAPOLIS. │ │ │ │ │ │
Dark. Nor. Spg. No. 1 │ 161│ 158│ 157│ 160│ 155│ 157
No. 2 │ 158│ 153│ 152│ 153│ 150│ 156
No. 3 │ 156│ 152│ 151│ 151│ 149│ 152
Nor. Spring No. 2 │ 152│ 153│ │ 154│ │
No. 3 │ 149│ 131│ 143│ 140│ 128│
KANSAS CITY. │ │ │ │ │ │
Drk. Hrd. Win. No. 1 │ 115│ 116½│ 110│ 117¼│ 115│ 114¾
No. 2 │ 126│ 121⅜│ 119⅜│ 117│ 115⅜│ 122
No. 3 │ 129⅝│ 121⅞│ 120⅜│ 119⅝│ 122⅝│ 122¼
Hard Winter No. 1 │ 108¾│ 107⅝│ 109⅜│ 107│ 107│ 109
No. 2 │ 108⅜│ 106½│ 106⅛│ 106│ 106 ⅜│ 107¾
No. 3 │ 107½│ 104½│ 105¼│ 107⅜│ 106⅝│ 108¾
Yel. Hrd. Win. No. 2 │ 104│ 102│ 102¼│ │ 101│ 104
No. 3 │ 103⅝│ 101│ 101⅛│ 101½│ 105⅝│ 103⅜
Red Winter No. 2 │ 104⅝│ 103¼│ 103⅞│ 104¾│ 105⅛│ 106⅜
No. 3 │ 101⅜│ 99⅛│ 100⅜│ 101⅝│ 101⅝│ 103⅜
OMAHA. │ │ │ │ │ │
Drk. Hrd. Win. No. 1 │ │ 117│ │ │ 118│ 118½
No. 2 │ 119│ 114│ 118│ 120│ 118│ 117
No. 3 │ 118¾│ 112¾│ 115⅛│ 115½│ │
Hard Winter No. 1 │ 104½│ 101⅛│ 102⅞│ 102½│ 102½│ 104
No. 2 │ 103½│ 100⅜│ 101⅞│ 102⅜│ 104¾│ 106
No. 3 │ 104¼│ 99⅜│ 102¼│ 101⅜│ 101½│ 103
Yel. Hrd. Win. No. 1 │ │ │ │ 103│ 102½│ 104
No. 2 │ 103│ 99½│ 101⅞│ 102│ 101½│
ST. LOUIS. │ │ │ │ │ │
Red Winter No. 2 │ 111½│ 109¾│ 111½│ 110¾│ 110½│ 111¾
No. 3 │ 106½│ 106│ 107½│ 107½│ 107½│ 109¼
─────────────────────────┴──────┴──────┴──────┴──────┴──────┴──────
CORN.
─────────────────────────┬──────┬──────┬──────┬──────┬──────┬──────
CHICAGO. │ │ │ │ │ │
White No. 1 │ │ 64¼│ 64½│ 64¾│ │ 65¾
No. 2 │ 65│ 64│ 64¼│ 64¾│ 64¼│ 65
No. 3 │ 64¼│ 63¾│ │ 64¼│ 63¼│ 65
Yellow No. 1 │ 65¼│ 64½│ 64½│ │ 64¼│ 65¾
No. 2 │ 65¼│ 64¼│ 64⅓│ 64¾│ 64│ 64¼
No. 3 │ 63¾│ 63¾│ 64│ 64│ 63½│ 65¼
Mixed No. 1 │ │ 64½│ 64¼│ 64½│ │
No. 2 │ 65│ 64¼│ 64¼│ 64½│ 64│ 65¼
No. 3 │ 65│ 63¾│ 63¾│ 64│ 63¾│
MINNEAPOLIS. │ │ │ │ │ │
Yellow No. 1 │ 59¾│ 59│ 58¾│ 58¾│ 58¾│ 59¾
No. 2 │ 59│ 59¼│ 58½│ │ 58½│ 60¼
KANSAS CITY. │ │ │ │ │ │
White No. 2 │ 57│ 56│ 56│ 56½│ 56½│
Yellow No. 2 │ 61│ 60│ 60│ 59½│ 61│ 62½
Mixed No. 2 │ 57½│ 55¾│ 57⅛│ 57⅛│ │ 58½
OMAHA. │ │ │ │ │ │
White No. 2 │ 56⅜│ 55½│ │ 56│ 55│ 55⅞
Yellow No. 1 │ 58½│ 57⅓│ │ │ 57½│ 58½
No. 2 │ 58½│ 57¾│ 57⅞│ 58│ 57¾│ 58¼
No. 3 │ │ │ 58│ 57¾│ │ 58¼
Mixed No. 2 │ 56¾│ 55⅜│ 56│ 56⅜│ 55│ 56⅛
ST. LOUIS. │ │ │ │ │ │
White No. 1 │ 63¾│ 63│ │ 63½│ │
No. 2 │ 63½│ 62¾│ 63│ 63│ 62¼│ 64
Yellow No. 1 │ │ 65│ 65¾│ │ 65½│ 66½
No. 2 │ 66│ 65│ 65½│ 65½│ 65│ 66½
No. 3 │ 65½│ │ 65│ │ 64│
─────────────────────────┴──────┴──────┴──────┴──────┴──────┴──────
OATS.
─────────────────────────┬──────┬──────┬──────┬──────┬──────┬──────
CHICAGO. │ │ │ │ │ │
White No. 1 │ 37¼│ 36½│ 37│ │ 37½│ 39¼
No. 2 │ 36¼│ 35¼│ 34½│ 35¾│ 35¾│ 37¼
No. 3 │ 34¼│ 33│ 33¼│ 34½│ 34│ 34¾
MINNEAPOLIS. │ │ │ │ │ │
White No. 2 │ 31¾│ 30│ 31│ 31¼│ │ 32½
No. 3 │ 31│ 30│ 30│ 30¾│ 30½│ 31
OMAHA. │ │ │ │ │ │
White No. 2 │ │ 32│ 32│ 32│ 32½│ 33
No. 3 │ 33½│ 31½│ 31¾│ 32│ 31⅞│ 32⅜
ST. LOUIS. │ │ │ │ │ │
White No. 2 │ 37¾│ 36¾│ 36½│ 35¾│ 36│ 36
No. 3 │ 36¾│ 36│ 35¾│ 35¼│ 35¼│ 35¾
─────────────────────────┴──────┴──────┴──────┴──────┴──────┴──────
RYE.
─────────────────────────┬──────┬──────┬──────┬──────┬──────┬──────
CHICAGO. │ │ │ │ │ │
Rye No. 2 │ 85½│ 83½│ 81¼│ 81│ 80│ 80½
MINNEAPOLIS. │ │ │ │ │ │
Western No. 2 │ 77│ 75│ 73¾│ 73│ 72½│ 74
─────────────────────────┴──────┴──────┴──────┴──────┴──────┴──────
Daily Closing Prices of Futures.
─────────────────────────┬──────┬──────┬──────┬──────┬──────┬──────
CHICAGO. │ │ │ │ │ │
Wheat July │ 111¾│ 108│ 110│ 109¾│ 110⅜│ 111½
Sept │ 109¼│ 107¼│ 107⅜│ 107⅛│ 108⅛│ 108¼
Corn July │ 62⅛│ 61⅞│ 61¾│ 61⅜│ 62½│ 64½
Sept │ 63⅜│ 62⅞│ 62⅜│ 61¾│ 62⅜│ 63½
Oats July │ 32¼│ 31½│ 31⅜│ 32│ 32⅛│ 32⅜
Sept │ 34│ 33⅝│ 33⅝│ 33⅞│ 34¼│ 34⅜
KANSAS CITY. │ │ │ │ │ │
Wheat July │ 102¼│ 100│ 100⅝│ 100¼│ 101½│ 102
Sept │ 100¾│ 99⅜│ 99½│ 99¼│ 100¼│ 100½
Corn July │ 53⅞│ 52½│ 52│ 52¼│ 52¼│ 55
Sept │ 55⅞│ 54⅞│ 54½│ 53¾│ 54⅜│ 56⅜
Oats July │ 34│ 34│ 31│ 31│ 31½│ 31½
Sept │ 33¾│ 32⅞│ 32⅞│ 33⅜│ 33⅜│ 33⅞
─────────────────────────┴──────┴──────┴──────┴──────┴──────┴──────

_Hay ^{and} Feed_
HAY MARKETS GENERALLY DULL AND LOWER DURING PAST WEEK
Local Conditions Were Ruling Factors—Quality of New Hay Shipments Only
Fair So Far.

Local conditions were again the principal factors in the hay market situation for the week ending July 29. Eastern markets were experiencing the mid-season dullness, while central western markets were having some difficulty in disposing of the increasing receipts of new hay, much of which was not of desirable quality for shipment. The railroad strike was reported as curtailing shipments in some sections, but generally the effects of the strike were not noticeable in the markets. The average price of hay was lowered slightly during the week, but the larger declines were in the eastern markets, where prices were being worked to a new hay basis.

Receipts were lighter in the East but heavier in the West, as is shown in the following table, which gives receipts in carloads at several important markets for the weeks ending July 22 and July 29, 1922 and July 30, 1921:

─────────────────────┬───────────────────┬─────────
City. │ 1922 │ 1921
─────────────────────┼─────────┬─────────┼─────────
│July 29. │July 22. │July 30.
─────────────────────┼─────────┼─────────┼─────────
Boston │ 39│ 30│
New York │ 173│ 280│ 192
Philadelphia │ 69│ 41│
Pittsburgh │ 44│ 29│
Cincinnati │ 188│ 113│ 146
Chicago │ 258│ 191│ 228
Minneapolis-St. Paul │ 208│ 141│ 54
St. Louis │ 121│ 88│
Kansas City │ 360│ 330│
Los Angeles │ 48│ 84│ 224
San Francisco │ 138│ │ 253
─────────────────────┴─────────┴─────────┴─────────

TIMOTHY LOWER IN EAST.

_Timothy._—Notwithstanding the light receipts, prices declined $1.50‒$2.50 per ton on No. 1 timothy hay at New York and Boston during the week. Very little good hay was offered and the poorer grades were not wanted. Buyers appeared to prefer to await larger receipts of new hay. The few cars of new hay arriving were mostly No. 3 or lower and some were heating. Light receipts caused firm prices most of the week at Philadelphia and good old hay was in demand at Pittsburgh. New hay, most of which graded No. 2, sold at $5 discount under old No. 1 prices at the latter market.

Good quality old hay and new cool, sweet hay sold readily at Chicago, but the poorer grades, of which there was an oversupply, sold at heavy discounts. Southside yards were congested with off-grade hay. Nearly all the new hay was reported to be overripe and of poor color. Many cars were heating, also.

The timothy market developed an easier tone at both Cincinnati and St. Louis. The local demand was limited and prices were said to be too high to stimulate a shipping demand to the South and Southeast. There was, however, very little inquiry from the southern markets, as Johnson grass and other local hays were on the market in good supply.

ALFALFA MOVEMENT LIGHT.

_Alfalfa._—The movement of alfalfa from Kansas and other Southwestern States was comparatively light, as the second crop of alfalfa was much smaller than the first because of the hot, dry weather which recently prevailed in that territory. The shortage of water in some sections will also probably cause a lighter yield of the third crop so that producers are not inclined to sell their stocks at prices unsatisfactory to them. Kansas City reported a more active demand from the cotton belt as well as from the local dairy trade.

Advances in prices for all grades were reported from Los Angeles where receipts were light. Choice rabbit hay sold as high as $25 per ton. Receipts at San Francisco were heavier and prices were much lower than at the southern market.

_Prairie._—Prairie hay constituted the bulk of the receipts at Minneapolis and Kansas City. Dealers and consumers who had accumulated large stocks of hay in expectation of a curtailed supply because of the rail strike were not interested and the market ruled dull. The stockyards offered the principal outlet at Minneapolis. Country supplies of prairie were reported heavy and little improvement in the market was expected.

_Straw._—Receipts of straw were light but equal to the demand in most markets. Some old rye straw was wanted in eastern markets. There was an oversupply of wheat straw at Chicago. Current quotations were as follows: No. 1 wheat—Boston (old) $19, Baltimore $12, Pittsburgh $13.50, Chicago $9, Cincinnati $10.50, Richmond $12; No. 1 oat—Boston (old) $20, Baltimore $12.50, Pittsburgh $13.50, Chicago $11.50, Cincinnati $10.50; No. 1 rye (straight)—Boston (new) $30, New York (new) $22, Baltimore $30; No. 1 rye (tangled)—Pittsburgh $13.50, Chicago $13, Cincinnati $11.

MILL FEED MARKETS DISPLAYED WEAK TENDENCY DURING WEEK
Heavy Production of Wheat Feeds Cause of Rather Large
Accumulations—Alfalfa Meal Firm.

The mill feed market was in a weak position during the week ending July 29. Increased production and offerings of the more important feedstuffs with no material improvement in the demand from principal feeding sections resulted in an easier feeling and lower quotations, especially for bran and cottonseed meal.

During the early part of the week the market held steady, but as soon as production figures became more generally known buyers turned resellers and endeavored to realize profits on their long contracts. During the last few days of the week trading was practically at a standstill, with sellers anxious to dispose of nearby shipment stuff. Stocks in hands of interior dealers were thought to be fairly good for this season of the year and advices indicate that they are being disposed of only slowly. The movement was fair.

_Wheat mill feeds._—Bran was easily the weakest of the wheat mill feeds and on heavy offerings declined to $14 in the Minneapolis market. Standard middlings and the heavy wheat feeds held slightly better, flour middlings and reddog of ordinary quality commanding $24.50 and $29.50, respectively, in that market. Production in southwestern and northwestern mills increased substantially and an easier market prevailed. Most of the markets quoted bran $1‒$2 lower than last week. The movement

(Concluded on page 116, column 2.)

CARLOAD PRICES OF HAY AND FEED AT IMPORTANT MARKETS, JULY 29, 1922.

[In dollars per ton.]

──────────────┬───────────┬─────────┬─────────────────┬───────────────
│ │ New │ │
│Boston.[31]│York.[31]│Philadelphia.[31]│Pittsburgh.[31]
──────────────┼───────────┼─────────┼─────────────────┼───────────────
HAY. │ │ │ │
Timothy and │ │ │ │
clover: │ │ │ │
No. 1 │ │ │ │
timothy │ 30.00│ 30.00│ 25.00│ [32]24.00
Standard │ │ │ │
timothy │ │ 29.00│ 24.00│ 22.00
No. 2 │ │ │ │
timothy │ 26.00│ 27.50│ 23.50│ 19.00
No. 1 light │ │ │ │
clover, │ │ │ │
mixed │ │ 28.00│ 23.50│ 19.50
No. 1 │ │ │ │
clover, │ │ │ │
mixed │ 23.00│ 24.00│ │ 17.00
No. 1 clover│ │ │ │ [32]16.00
Alfalfa: │ │ │ │
No. 1 │ │ │ │
alfalfa │ │ │ │
Standard │ │ │ │
alfalfa │ │ │ │
No. 2 │ │ │ │
alfalfa │ │ │ │
Prairie: │ │ │ │
No. 1 upland│ │ │ │
No. 2 upland│ │ │ │
No. 1 │ │ │ │
midland │ │ │ │
Grain: │ │ │ │
No. 1 wheat │ │ │ │
No. 1 oat │ │ │ │
FEED │ │ │ │
(bagged). │ │ │ │
Wheat bran: │ │ │ │
Spring │ 23.25│ 23.25│ 22.25│ 22.00
Soft winter │ 25.00│ 23.25│ 24.00│ 23.50
Hard winter │ │ │ 22.50│ 22.50
Wheat │ │ │ │
middlings: │ │ │ │
Spring │ │ │ │
(standard)│ 26.50│ 25.50│ 25.50│ 24.50
Soft winter │ │ │ 32.00│ 29.50
Hard winter │ │ │ │ 30.50
Hard winter │ │ │ │
wheat │ │ │ │
shorts │ │ │ 29.00│
Wheat millrun │ │ │ 26.00│
Rye middlings │ 26.00│ │ 25.00│ 23.00
High protein │ │ │ │
meals: │ │ │ │
Linseed │ 49.00│ 48.00│ 48.00│ [32]48.50
Cottonseed │ │ │ │
(41%) │ 44.50│ 43.50│ 43.00│
Cottonseed │ │ │ │
(36%) │ 42.50│ 41.50│ 41.00│ 42.00
Peanut (36%)│ │ │ │
No. 1 alfalfa │ │ │ │
meal │ │ │ │
(medium) │ │ │ │
Velvet-bean │ │ │ │
meal │ │ │ │
Gluten feed │ 35.20│ 35.35│ 34.95│ 33.75
White hominy │ │ │ │
feed │ 32.00│ 31.00│ 30.50│
Yellow hominy │ │ │ │
feed │ 31.50│ 30.50│ 30.00│
Ground barley │ │ │ │
Dried beet │ │ │ │
pulp │ │ 51.00│ │
──────────────┴───────────┴─────────┴─────────────────┴───────────────

──────────────┬───────────────┬────────┬─────────────┬────────────
│ │ │ │
│Cincinnati.[31]│Atlanta.│Jacksonville.│Memphis.[31]
──────────────┼───────────────┼────────┼─────────────┼────────────
HAY. │ │ │ │
Timothy and │ │ │ │
clover: │ │ │ │
No. 1 │ │ │ │
timothy │ 17.00│ 24.00│ 24.00│ 21.00
Standard │ │ │ │
timothy │ │ │ │
No. 2 │ │ │ │
timothy │ 16.00│ 22.50│ 20.00│ 18.50
No. 1 light │ │ │ │
clover, │ │ │ │
mixed │ 15.50│ 22.50│ 23.00│
No. 1 │ │ │ │
clover, │ │ │ │
mixed │ 14.50│ │ 22.00│
No. 1 clover│ 14.00│ │ │
Alfalfa: │ │ │ │
No. 1 │ │ │ │
alfalfa │ 17.00│ 25.00│ 24.00│ 22.50
Standard │ │ │ │
alfalfa │ 16.00│ 23.50│ │ 19.50
No. 2 │ │ │ │
alfalfa │ 14.00│ 22.00│ │ 17.00
Prairie: │ │ │ │
No. 1 upland│ │ │ │
No. 2 upland│ │ │ │
No. 1 │ │ │ │
midland │ │ │ │
Grain: │ │ │ │
No. 1 wheat │ │ │ │
No. 1 oat │ │ │ │
FEED │ │ │ │
(bagged). │ │ │ │
Wheat bran: │ │ │ │
Spring │ 21.00│ 24.00│ 24.00│ 18.50
Soft winter │ 21.50│ 24.00│ │
Hard winter │ 21.00│ 24.00│ │
Wheat │ │ │ │
middlings: │ │ │ │
Spring │ │ │ │
(standard)│ 24.50│ 29.00│ │ 26.00
Soft winter │ 28.00│ 32.50│ 30.00│
Hard winter │ 28.00│ │ │
Hard winter │ │ │ │
wheat │ │ │ │
shorts │ │ │ 28.00│ 25.00
Wheat millrun │ │ │ │
Rye middlings │ │ │ │
High protein │ │ │ │
meals: │ │ │ │
Linseed │ 47.10│ │ 54.50│
Cottonseed │ │ │ │
(41%) │ 44.00│ │ │
Cottonseed │ │ │ │
(36%) │ 41.00│ 38.00│ 42.00│ 36.00
Peanut (36%)│ │ │ 31.00│
No. 1 alfalfa │ │ │ │
meal │ │ │ │
(medium) │ 25.00│ │ 30.00│ 22.50
Velvet-bean │ │ │ │
meal │ │ │ 32.00│
Gluten feed │ 32.00│ │ 38.55│
White hominy │ │ │ │
feed │ 28.50│ 29.00│ 29.00│
Yellow hominy │ │ │ │
feed │ 28.50│ 28.50│ │
Ground barley │ 33.00│ │ │
Dried beet │ │ │ │
pulp │ 33.00│ │ 53.00│
──────────────┴───────────────┴────────┴─────────────┴────────────