Middlings were more active than bran and in several western markets,
including Kansas City and St. Louis, there was a good demand for
middlings and shorts from both local buyers and shippers. The shipping
demand was rather broad, mostly in single car orders, from the Central
West, South, and Southeast. The higher prices asked for middlings in the
southern markets, however, are causing consumers to buy bran instead.
Although prices are low some dealers are inclined to think that still
lower prices will prevail if an attempt is made to market the feed
stored at lake ports before navigation closes. However, Minneapolis
mills are holding firm at present quotations.
_Cottonseed meal._--The cottonseed meal market has lost much of the
strength displayed during the past few weeks. New seed is now moving to
mills in larger quantities and the available supply of meal is
increasing. There is practically no consumptive demand and dealers are
therefore holding off buying as they expect lower prices. Offerings from
mills are still limited and in some sections only for October delivery.
Lack of demand rather than heavy offerings is probably the cause of the
present weakness in meal prices. Some exports of meal are reported at
New Orleans. The demand for meal for fertilizer purposes is light
because other ammoniates are cheaper at the present time.
_Linseed meal._--Northwestern linseed meal mills reduced their prices
somewhat during the week, but the decline was not reflected in all the
markets. Philadelphia reports a slight advance in prices, but quotations
at Buffalo and Chicago were lower. Stocks are rather heavy and jobbers
are pressing sales. There is only a very light demand and resellers are
offering meal at $2 to $3 under mill prices in an effort to stimulate
sales.