_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.)