GLUTEN FEED DEMAND QUIET.
Gluten feed.—The demand for gluten feed was quiet. Dealers reported sales as slow, and as a result a few mills experienced difficulty in obtaining shipping instructions for goods bought for July shipment. Although corn prices were lower and No. 2 Yellow was quoted on the basis of about $22 Chicago, gluten feed for August shipment was advanced $1 per ton over the July price to $29.85 per ton Chicago. Production was normal and the movement was good. Supplies were rather large in the Northeast, and moderate in other sections.
Hominy feed.—Hominy feed prices showed little change from last week. Eastern mills shaded prices to effect sales. The demand was scattered and mostly from single car buyers. Production was good, particularly by mills having orders for grits for the Russian Relief. Offerings by western mills increased because of the limited sales during the past month and the accumulation of stocks. Supplies in dealers’ hands continued fair. The movement was light.
Alfalfa meal.—The supply of alfalfa meal was about equal to the demand, which was normal for this time of the year, inquiries having been received from all over the country. Prices for meal are governed largely by trend of hay prices, and as the yield of second cutting in many instances was less than was expected, with poor prospects for the third cutting, the alfalfa meal situation was quite firm. The supplies of hay available for milling have been reduced considerably through extensive purchases by sheep feeders. Millers, therefore, do not expect to make heavy offerings in the near future. In fact, many mills were unable to accept business for immediate, quick, or prompt shipment. The movement was fair.