The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-07-18

compared with the prices OF july g. were as
| follows:
July 16. July 9
minneapolis. ............ ..........67 6Sh
Cnicago ..........................6 1A SO
DuiQth 6SR 694s
81 ~; LOUIS '........................ 6sB 6as
new YORK .T2R 73A
These figures show a decline at
Minneapolis of NEUTRALITY-SUSPICIOUS.. IN
Chicago :. .....................
Duluth :. ACKNOWLEDGEMENTS. u
81. LOUIS ....1A
NeM ioiA '....''..'....... ..............- ..las
There Is practically no feature in the mar
ket beyond that which attaches to the har-
vesting period, already far advanced, so far
as the winter wheat is concerned, and shortly
to begin in the spring wheat belt. There Is
no doubt that some disappointment has been
experienced in the Southern and Western sec
tons as the result Of the threshing thus far
/ Considerable damage was also inflicted
upon the shock and wheat from the heavy
rains. In general way, however, the win
ter wheat yield will be moderately large in
comparison with the statistics of a year ago.
The shrinkage in the volume of the yield
comes chiefly from the deficiency of wheat in
the ear. In many sections where the drouth
of last fall prevailed and where rains in the
earlier weeks Of the present season caused
an abnormal growth of the pant on the one
hand and lodging on the other, there has
O0eH sidch HING OF the ear. In rev local.
ties rust and the chinch bug did some dam
age and in others the hot weather breaking
in suddenly at a time when the grain was in
the milk caused some damage by the shrink
ing OF the heads. The sections thus injured
are. however.in the extreme Southwest In the
southern states there has been little depre-
cation in the general character Of the grain.
The crops of Ohio Michigan Tennessee and
kentucky are reported to be more near.y I'D
to expectations than those in any other To-
caities.
In the spring wheat region the same con-
dit1on exists which prevailed week ago and
even fortnight ago, except that during the
past four or five days excessive heat HIS
fallen upon the grain in its approach to the
ripenlng period and hot winds have bsen ex-
pefienced, causing some apprehension par
t1cularly in localities where rain has not been
so abundant as in others. This is particularly
true in both North and South Dakota. Re.
Fort, however, from these sections do not
indicate any alarm yet There has been
considerable rainfall in Northern Minnesota.
through the Red River valley and North Da-
kota and the moisture afforded has been
regarded as timely. Southern Minnesota cro-s
are reported to be in prime condition. Sou h
Dakota. for a distance Of 100 miles west o.
the Minnesota border, promises a good wed.
but the dry weather and hot winds there
usually nave the effect of shrinking tie gra H.
especially where the plant is not very streng
The general reports received from the helds
Of railways traversing this territory, how
ever, are to the effect that the straw IS
stronger and more healthy and posse ssed OF a
larger degree Of resistance to all weather con-
ditions than for the past several years.
Little can be said of reliable nature in
regard to the condition in Europe Pi.es in
Liverpool have been sluggish and trading in
active. 1t appears to be evident that the
dealers at the principal ports are assured
that the American crop will be very large and
abundantly able to meet any European def
cheney that may develop when the harvesting
period arrives. Meanwhile, however VIA.
seemed to be the exorbtant estimates OF our
home crop, namely 100000 J0 bu are gradual
ly being reduced until they have reached
e04,0C0,C00, but even this estimate Wi! repre-
sent yield of approximately $4,000. eco bu
in excess of that of 1897. The average con-
dition as reported by the government experts
indicates an improvement in the crop over
that of last year. AS evidence of the fact
that supplies are growing short, the statement
is made that many of the railroads running
into the spring wheat sections have read
forwarded large numbers Of cars and dig
trleuted them at different points with view
to prompt shipments of new wheat upon It's
delivery to the interior elevators.
Exports are growing less week by week
with a general feeling of uncertainty as to
just what the outlook may prove to be By
the time the wheat begins to come to market
The following is from the review OF the
Northwestern Miller in it's issue Of July Is:
Prospects are favorable for q good wheat
weld in the Northwest. or course, the wealth
er during the Text few weeks Will have a
great eetl to do with the final outcome. At
present conditions are very favorable Re
ports from all parts of the Northwest show
nrnl fy,df
South Dakota, wheat that hid been injured
by hot winds two weeks ago was helped
restore lost prospects. The larger part of
that state was lot seriously injured by ho1
weather, 1t being the drier portions ami
damage was done Many portions promise
the finest crop in many years. while the
prospect. on the whole appears to justify ex-
pectations of more than an average yield for
the state. In Minnesota and North Dakota
prospects are good. There are a few places
that suffered from heat and hail, but these
conditions were merely local, and will not
greatly change the general prospects.
Supplies of wheat in the Northwest are
about 5.oOOO 900 bu less than year ago. and
amount to some 10,50o,0O0 bu of which about
1000, 600 are in public and private elevators
in Minneapolis. About 5000. 900 BID are at
Duluth. and less than 100000 in country ele-
the rate of about 10000 blu per week lately
which is only about half capacity II the
mills should work at. the usual capaciry for
this season of the year. the quantity of wheat
now In store would not carry them through
August.
Prices in England continue weak. owing
to free offerings of new winter whelt for
August shipment and new spring wheat for
be shipped during September. Foreigners re-
gard the prospects in this country for a large
yield as being almost an assured fact owing
to the low prices at which the wheat Is Of
fered now for future delivery They ara
backward about taking hold. in consequence
causing foreign markets to be about as life
less as those on this side. More wheat has
come out than had been expected which
with high prices and diminished consump-
eign buyers, as well as home consumers. have
gone through rather easier than was antici-
pated would be possible.
The following is the review of the Price
Current:
The dry weather has favored harvesting
conditions where in progress, and also has
facilitated threshing operations, which are
being carried on to considerable extent In the
central regions The Indications are that
while occasionally the results are fully up to
or better than expectations, the prevailing
condition is one of disappointment in guam
tity and quality Of the wheat.
The average condition Of winter wheat Is
officially reported at 1871, of spring wheat at
30. and for the whole ct 89.4-the latter be-
ing 3.S points higher than year ago. The
Gated 1851 for winter wheat and ITO for
spring wheat. compared with the preceding
year-implying an average increase Of about
per cent. The June report placed the area
implies about AN bu as the average Yield
suggesting about 615, 100000 blu for the crop
or S90O0,O00 in excess Of last year. It is like
ly the later estimates will be on a lower
basis.
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