Prices in Most Markets Unchanged Under Continued Light Receipts--Demand
for Top Grades Only.
A continued light movement of hay to market prevailed during the week
ending Oct. 1 and with the exception of one or two markets prices were
but little changed from the preceding week.
The average price of No. 1 timothy at the principal timothy markets is
now about $23.50 per ton, with the alfalfa average price about $22.75.
This is $10 less per ton for both kinds than the prevailing average
price Oct. 1, 1920. There is a fair local demand in limited quantities
for the better grades of hay but scarcely any shipping demand and the
lower grades are neglected. Good pastures and large local supplies of
forage are important factors and will probably curtail demand for some
time.
Receipts at nine of the important hay markets were practically the same
as for the preceding week and totaled only a little over 1,000 cars
compared with over 2,000 cars in the same markets at the corresponding
time last year. The following table gives receipts of hay in several
important markets for the weeks ending Sept. 24 and Oct. 1, 1921, and
Oct. 2, 1920.
--------------------+------------------+--------
| 1921 | 1920
Cities. +------------------+--------
|Oct. 1.| Sept. 24.| Oct. 2.
--------------------+-------+----------+--------
New York | 73 | 164 | 359
Pittsburgh | 50 | 55 | 186
Cincinnati | 93 | 66 | 219
Chicago | 184 | 195 | 207
Minneapolis-St. Paul| 67 | 36 | 18
St. Louis | 152 | 105 | 215
Kansas City | 189 | 139 | 1,019
San Francisco | 78 | 107 | ...
Los Angeles | 144 | 150 | 78
--------------------+-------+----------+--------