The representative. [volume] (St. Paul, Minn.) 1893-1901, 1900-06-21

and oats was aingularly bright. q fact
could not account TOR except It b that tn
SON In this neighbothcod 10 more tina,
usually well adapted for those cereals.
The outlook for tho future IL indies
dark. Tho Minneapolis Tribune in It.
issue Of June IA has this to say. w
copy headlines and all:
WHEAT CROP IS DESTROYED coNTIN
UND DROUTH CAUSES HEAVY Los,
TO THE FARMERS LIVING IN NINNn
sofa. NORTH AND A PART or sOUTE
DAKOTA-0RAIN IN SOME VICINTTIEl
IN THE NORTHWESTERN STATES II
SO FAR GONE THAT THE RECENT
RAINS ONLY CONDUCTED TO SAVE
HALF THE ESTIMATED CROP.
Teaegrams to the Tribune reveal q sa6
state OF affairs In the greater part Of Min.
nesota and all Of North Dakota. The con.
tinued drouth has succeeded in practically
DESTROYING the wheat crop. Reports from
South Dakota show that the recent rains
came just In time to save the early planted
grain, but even there the farmers losses
have been heavy.
The southern part Of South Dakota and
almost the entire state of Minnesota was
visited by refreshing showers, starting early
Tuesday night ami lasting until yesterday
morning. large amount of water fell, and
the good done the crops can hardly be esti-
mated.
The heaviest fall was at Huron. where / 18
inches of rain fell. The showers worked
southwest from this point. and nearly every
section Of the state Is brighter and greener
this morning for the generous downpour.
At Campbell. Mimi, was the heaviest fall
In this state. 80 inches. and from there
covering the state across to st. Paul was
generous fall. At st. Paul there was 80
inches. and in Minneapolis 40 inchese
There was but little rain in the south
eastern part of the state. the fall at La
Crosse being .01 inches They are not SUI
fering in that section. however. as they
had a fine shower there Saturday.
The southwestern section received q fair
share Of the rain, and It was appreciated
in that section as much as In any.
Through the sections where the heaviest
rains fell the showers were doubly vel
come, as there had been no rain for 20
long that the farmers had almost given up
hope for their crops. The effect of the
rain is seen In the markets, and yesterday
morning the sun came out bright and the
whole country appears refreshed and rested
after the prolonged drouth.
The trouble seems to be spreading
all over the world. There has been a
tremendous panic In Germany-the
worst in 20 years:
BY Cable From Berlin. June II.
Last week was the worst the bourse had
known for 20 years.
Many of the most substantial iron and
coal shares fell more than Is points From
conditions were very panicky.
with phenomenal declines in both lines Of
The banks forced weak Gus
TONERS to sell their holdings the public
thus suffering great losses. The financial
press refers to it as BLACK week.
- A->
reports from the United States of the over
production of the iron market there.
Hitherto American producers have stout
y denied that American iron is able to
compete In Germany, but a case in point has
occurred within week. flrst-class West
'halian firm having purchased $4,000 tons !
It American open hearth iron from a Lon |
lon house. It also appears that American |
oundry iron has been offered in Berlin for |
IS marks.
In all this the financial press sees q |
LANCER OF American competition already be- |
coming realized. number of manufac- |
urers In western Germany have formed an |
rgan1zatiOn for combating American en-
erprise in iron and steel goods.
The Silesian iron market IL reported de- |
idedly weaker through the influence of the |
Jews from America; and the prospects OF |
he formation Of a rolling mill syndicate to
nelude all Germany, have improved from
he same cause.
The cause Of the scarcity of coal Ia much /
The trade claims that the fam
ne has recently grown more acute, imports
slight. Meanwhile the syndicate
said to be celebrating upon an advance
4 prices. and the Saxon coal companies
ave begun negotiations with the Bohemian
for coal combine.
The decline Of coal and iron shares
preads to other securities, and other in
ustrials, rather heavily
Bank shares fell of ALSO The money
larkets showed no improvement and pri-
ate discount rose at the end Of the week.
Exchange rates, however, seemed in Ger
any's favor.
Purchases Of German state funds have
cen made here upon London and Paris ac-
,unt.
German wheat prospects show improve
ent. although the rye crop will be less
IAN the others.
Here is a clipping from recent Chicago
aper:
On Saturday night the Illinois steel works
osed down three Of its departments, en-
Dying. all told, $500 men, for an fndeA ,
re period. This action had q depressing ,
lect upon the stocks of the various steel
usts. "'oo'
A statement appears in one of the
1nneapolis papers that there are al
ost no applications from the country {
r men to work on farms. It claims
ere are but dozen such applications !
ON the whole vast region tributary tn
1t looks as IL terrible times were {
lead for the Northwest, and for the :
hole country. Everyone should make
preparations for the worst winter 4
at has ever been known in the his q
~ of our land. IN g