The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-07-11

New York ........................7SB 75A
These figures show a decline at Mime
apolis OF ia, Chicago ~, Duluth IL, st.
Louis IL and at New York or rs.
Naturally the harvesting period is looked
forward to with constantly growing inter-
est. The small operators ind,sposed to
take hold on either side beyond the mere
pursuit of the scalping process and triling
profits which usually result from trading OF
That sort. The harvesting of the wheat is
gong forward rapidly in the central and
Southern states, and already wheat is ar
irving in the markets from those sections of
the country. These find only low stocks in
the granaries. There is no question that the
business public has settled down to the con-
Vctlon tnat some disappointment has been
realized already from the harvesting that has
thus far been done. The belief is increasing
that estimates heretofore made have been
very extrayagant
Inc weather conditions throughout the
spring wheat belt could not be surpassed in
favor OF the growing crop. Reports from all
sources indicate a heavy growth but at
Soine points where the heading is taking
place there are indications that, notwith-
staholng the rank growth of the plant, tie
iiiing out process is likely to be disappont-
ing. According to the government reports
o"e'er' mere Is an average improvement
IN the condition of spring wheat over tho
week previous, due very largely to the ex
lstence OF increased moisture in some plaees
ana diminished rainfall in other places. and
soou Wholesome temperature which ought
10 insure the filing and ripening of the ear
IL heavy winds do not visit the Dakotas
within the next two weeks the moisture all
ready IN the soil is believed to be sufficient
10 protect the plant from harm or course
tHe period when damage may be experiencad
iio1n rust Is not yet passed. but I'D to the
pieseut ume everything has been fayorahle
20 normal yield under healthful circum
stances. 1t IS evident, however, that the
spring wheat crop must be very comnIete ~
oraer to make up the deficiency which nm
quesronably exists in some of the Soutbern
ana central states where reports Of short
'-eius anu ihIor1or quality of winter whi at
are such as to create, in some localities con
SIDERABLE alarm. AS the harvesting os a.
winter wheat advances in the more nortberIv
sections decided improvement is sbo,rn l., =,
quantity as we'll as In the quality os +ho
yield. VI Tue
broomhall's calculations respecting tho no,
einuai crop IN Europe is not positively CON.
huent IN its tone as to the measure 20 ~ :
supply "hlch the yield is likely to nrov:d !,
ior the nome consumption of Europe. Jtaly
~ 10 ~ eaicteu. VIII have an excess over last
'ea4' 80 aiso' Will Austria Hungary: but hi >
ee'iina'e N general way, Of the excess Of
"ot'u d crop IN 1873 over that Of 1887. is
decidedly modest in the figures given ard
~ 10 vi HIS part an evident disposition to-
"ard reserve as to the actual results Thu
peculiar feature about the observations n,oao
by his journal the Liverpool Corn TRADE
review, is the suggestion that the market IA
TOO rapidly tending to the extreme of prices
IN the matter Of decline. 1t is evident tba ;
there Is IN the minds Of the European stais-
t.clans possibility that after all their recko n
lngs are about as unreliable as usual.
Inc trading has been exceedingly light NOT
only III 1utures but in cash wheat as well.
This condition is likely to continue for an
o'her thirty Gays. There is absolutely no h
Ing IN the situation to cause prices to Auc-
tuate in either direction beyond those common
to ordinary daily transactions.
inc Northwestern Miller. in Its weekly
review says:
Prospects in the Northwest for a large cron
are hardly SO bright as they We're week or
hot weather It is too early to ram max. ana re TOO
Bile estimates as to the outcome, In the
winter wheat country too much rain in soma
cause for material reducing the e:tima!es.
In some sections the crop is reported a.
turning tuta n out badly New wheat is coming
this week. English markets continue dull,
and there is little life to those on the con-
tinent. Russia and India still continue to
ship wheat freely. Argentine is also send
Ing out considerable The export demand on
the Pacific coast is light.
The situation in Russia In regard to
growing crops, is good, although there are
many weak spots, as is usually the case In
Germany the weather has been too cold. In
Belgium, Holland. Spain, Italy, Roumania
and Bulgaria fairly good outlook is mani
tanned; australian reports indicate surplus
og IL, 0OO.O00 bu of wheat for export In Eng
land the weather has been unfavorable. AZ
cordtng to the latest advices it is many years
since the fields have been so badly infested
by rust due to unfavorable weather during
May. June was little better, the weather on
most days being quite cold. The temperature
on the night of June IA was lower than it was
an Jan. y. In France the outlook while not
for so large a yield as indicated two weeks
ago, is quite satisfactory. Out of the ST de-
partments of France, 80 give the condit on
of winter wheat very good. 81 at good
while say the condition is below the aver
age"