(Concluded from page 115.)
was fair: Embargoes against outbound shipping in a few western markets
kept business within narrow limits. Stocks generally were in excess of
the demand.
Southwestern markets reported a good demand for shorts from the South
and Southeast and an improved inquiry for bran was noted from Pacific
coast markets. Large stocks of wheat feeds, mostly bought at higher
levels, are being carried at western lake ports, and railroads are not
accepting any more shipments to be held at lake ports, claiming that all
available space is occupied.
_Cottonseed meal and cake._—Increased offerings of new crop cottonseed
cake and meal gave the market an unsettled tone and although a fair
demand was noted in the East the premiums of old crop over the new crop
cake and meal were sharply lowered. Prices for October shipment stuff
ruled about $5 per ton lower than spot offerings in most markets.
Pressure of new crop offers for deferred shipment tended to check
buying. A small volume of business on the basis of $40 at Kansas City
for 43% stock was noted, but buyers generally were hesitant in taking
hold. Old crop stocks at mills continue in excess of what they were last
year. The export inquiry was light. The movement was small.
_Linseed meal and cake._—Production of linseed meal and cake was light.
Prices held steady, but showed a rather wide range, mill offerings being
at 50¢-$1 per ton less than was asked by jobbers. Stocks were fair. The
demand both for export and domestic consumption was poor. Crushers
expect increased production during September and October but little
improvement in the output is expected during August. Receipts and
movement were light.