The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-23
WINTER N'BEA1'||S:I
YIELDING WELL / |.
Unusually Large a. Yield lt,l and and an
a Exceptionally Heavy Test
Weight. 53.s
EXPORTS LIKELY I BE I Y A y \ E
Argentine Stocks Small, Russian
Crop Pessimistic andaEur'o:pealnr's
Supplies Being Reduced.
fsnccto, 8to Tho rlmes. Dlsra tch.)


(spccinl 10 The Tlmes-D lspa tch.)
CHICAGO. ILL. july q. Reports q q
\ black rust In spring wheat during tho
u last week have been numerous ei'NolEh 70
n create anxiety IN tho market, although
4 reliable crop experts declare That tho
4 fungus growth, cannot be considered se-
rs rtous, owing to tho advanced position OF O
tho plant. Is There ID q possibility, 3 now {.
ever, that IL may 80 TO straw ana sinai q
heads. in decided contrast 20 Win 1'' :
+ wheat. S845 a. y. d /. b g #
5 Yields Of winter wheat disclose sur.
prslnE results on weights OF 81 TO 81
@ hounds per bushel OF fino quality, and
should prove inviting to foreigf, md
domestic buyers, aside from u ma .cr OF
price, Argentine stocks n.1 Small, the
4 Russian crop Is pcssimistic. ana. fns Eti K
ropcan supplies are being rnpidiy re-
portcrs willaentcr the American n,arKots.
< Flour IS now being sold abroad to quite
8F an extent. Ii5 a 3$3
83 For Foreign Absorption.
s5 wont i,nA been taken for August ycp.,
& ter11l,er and october shipment. In addition
to foreign absorption Of the future. but
Y J;,iropenn4 importers, aware Of the !nrge
Il American surplus. 2oG, 0oo.0 900 bushels, es-
n tlnatcd MS available for export and sup,
piles July 1. 1901, VIII not becon,c eager
4 buyers, especially when farmers y re
pressing their holdings for, sale. Until
4 II becomes evident thatfthe farming CONF
4 1nunity 4 eyinces a desire to hold +, their
8 wheat It appears rs IL It would be diff
fIcult TO sustain prices, and the market
h doubtless Will reflect moderate declines
{ soon. although meeting with rcalst nnce.
Threshlng returns from the hArl win
Iii ter wheat crops OF Kansas and Nebraska
II show MI unusually high average yinld
b nor aero and nm exceptionally i1envs. test
4 weight par bushel. Larger total Yields
"a OF wheat than were harvested last year
are indicated In both States. Deliveries
81 OF grain by farmers nra decreasing over
a a large part OF the soft winter wheat
1 country and are increasing IN the hard
Il winter wheat territory.
Advicca from Russia still continue u IN;
satisfactory as regards wheA- and he
financial situation. Heavy rains have
\ done considerable damage. II Is also res
n ported TINT, Il owing TO the political sltua.
II tIon In the country. farmers are liable 70
Il lose their entire crop. because OF inablli-
Is " to harvest.
Locusts in Argentina.
There has been some consternatfon8 over
E the reports from the Argentine Republic
u tliatElocnsts have appeared In the mort .
A err, districts, enttng early plants anu
\ that there is danger OF them tA attacking
the roots. The supply Is small, and
holders arc unwilling to sell. s,
a reason advanced for he lower prices
81 wheat is that considerable faith ls
being placed in the belief that should
this Il country sell large amount Of
wheat for export next year r. which seems m
possible. there will DO n substantial nd
q
some OF Americas large compel TORS Ike
Russia or Argentina drops completely out
OF the export business. M, 3isS
The corn trade finds itself facing 1lnci
weather over the entire corn belt. There
was a lot OF corn bought some time ngo
on the theory that the weather 't was 'fl.
ndyerse and that there was danger OF
3s$ n y drought .6l$ Tho Wcnth her for corn last
week wns superb. Rains a t night and hot
~ weather during the day helped the crops
wonderf 10y. This state OF Affairs has
overcome all the ordinary bull Influences
n which the trade has to consider. " esq
sern markets are shipping more than
thcy receive every day. The Argentine
& supply for the week was ]. OK. u0 bushels
abort OF last year. Nebraska'a crop ist
81 now estimated as 10000, 900 more bushels
4 than last year. "A heavy corn market
Il will continue unless unfaVorables weather.
33s sets In. 81 gg81g IA an el dS5S
5tS Tho rst cnrSsOk Now OhtS iAot ti!7 SVeA
fs arrived last Friday from Illinois and
\ weighed % i1-2 pounds to the pushel. Tho
market Is becoming In healthier condi-
Non than for some time. The market
hns beer, weak. due to FREQ selling BY the
n country and continued favorable wealth
or, togotlcr with liquidation by tired
holders. But, rs reports from the Nortll'3
west indicate tho Yield Will be from forty
4, to sixty bushels to the 8acre, stronger
III mn rlsnt ia looked for soon. Ss35
The Cattle Market.
There was good cattle market last
reck and tho same conditions are an
ticIpntei a Good steers advanced from L.
N 70 Is cents per hund red weight. While the
common grades OF steers have failed to
show any appreciation. tho market IN
these hns not been altogether unsatlsfac-
tory and thoy can be sold to have sold
as fully as was expected. A strong dos
mand from outsiders, coupled with a
+ heavy trade from tho local houses were
IA the sustaining Influences Tho $3.50 mark
"a expected this week, and It would not
he surprislng Il the quotRu ton wont to
III Common steers, which como in con-'
tnct with Texas cattle, VIII meet q stuHp-
the indicate Ions Wero hoVe' ny. e 9 au4e
N nuoeIpts ar hogs last week increased
+ ~ OO1 over the corresponding period, and
the market declined from 10 TO 70 cents,
4 Thc hest GRADES showed the least decline
4 Tho weeks Western packing was 45o,ooo
q hogs compareh with 10000 the week
nrawious - FOR tho corresponding time
last year the number was s9o, ooo,
Tho speculative provision market was
y only moderately active last week. Prices
+ had slightly easier trend and leaaing
\; a,ticlcs here closed slightly lower than
a week. ago Orders were mostly Iofs
conservative quantities. Domestic mar
kets ruled qulet with buyers Inclined @
cover Immediate wants, Tte export clear
ences OF products wore fnir, but showed
a sljsht decrease compared With q week
ago, hut o small increase Is noted COM
pared with tho came period 9 year ago.