The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-16
SIZE Of CROP NO
CAUSE f0R PANIC;
Grain Traders Calm, NotWitl,--
standing Prospect Of Greatest
\ Yield iii History.
RETRoGREsslM WAS SLIGHT
Some CONNECTION Caused BY
Stories Of Black Rust--Cor-
ditions in West.

S ditiOf9bin West. 9si
84 4
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CHICAGO, July #1o.--Tlle poise OF the
American Wheat producer and trader Is
we'll Illustrated ii1I1 Ithcir altitude. since
~ isshhiice of tlieSs government report on
that grain last Tuesday. Although tho
condition percentages indicated that the
wheat crop OF 1905 Ii to be the greatest
a. the coulntry'B history. even SURPRISING
IA the big Yield 3of 1901, there was no STAN
Speding OF trnderg on either Side OF the
market, no attempt . at V rusllg$ methods
which might cause panic and d disastrous
break In prices. 3S88 " g
The trndc has come to adjust itseif 10
4 4ha nav radi AZ CONSUMPTION at home.
81, lns coma toi4scan d 7Oo.ooO,0 600 bushel
wheat crop wwIth~tH d Ia accept
q snAf 4 yenrlv matter 81 fact. even if
the vield 1ocs n t.5di1ite reach the mark
G1 a.. III. 49,
oSlnis 4 h rNs'-lS y 1 eSsioli
Tho government report gave some In
petlls 10 IS ilrst hand n movement 81 men sa anu
cta,ised n4ten,porary ana ilght5retrosre
sion In price, because OF the pressure OF
y early arrivals. put : the phenomenon W was
chiefly remar kables for is tameness
8SF4s = Sis hardly 70 pc expected that the :lEvs V6
wheat crop VIII be marketed At the same
level az lts predecessor unless there is
q 8Widespread disaster IN Enn couh-7
TRES Dut e~o&tiaueI Ireuict ~ NY
q y1asg value WI not get# 1ar,. away
b sllv that marx now And then, they say.
but the center OF gravity for the price
4. ncedleSwill ID around so cents.
s. Statlsticians. have figures out tha the
total Indicated yield of wheat, corn and
oats this season 81. ,229l 000. 1000 bushels.
NHG Vlts,x X - 5 al, ! W y1rrHvsty tnn tN Id a tln0 HNLnf
that OF a year ago.. and current conditions
over the spring wheat belt suggest that
the yield In the Northwest will much
Eurpass& that OF d year ago. IT lisa lot
OF grain and especially q lot OF wheat
to contend withTns snerchantabla com
modity,. but there are evidences that there
may be a& bigger holc TO- MI N Europe
s6f re m American BINS thanf was &tne %cAse
81 last y Some now are Htna lt
the otal product IN Europe Will fall
@1bo,0po,OO bushels below tne5gl9O5 ylNe!Hd.
X these forecnsts be borne OUT by&iatsr
developments, there as q VERY excellent
reason why American farmers are no
alloWing figures on On crops to run away
with their There IL anotner
reason quite #as co9cnt, ana that IS tne
NJ excellent quantity Of athe wheat 85 mar ar
III vested this year. contrary 70 2 ~.
formation. which was &that short straw
You'd sproduee snort, nea sa 9, sna ~ q nI y va
~ Ahsr5 ventR nrnves ina thcg qualify Is
IA above the average and good enough to
,nnct M rnonir - ofNany country
EI.:Ss. 49,.
8l od6SlH6 * fS4
Prices are close to export basis and
already there for specially Tine Wheat.
European buyers are looking more inter
estedly upon the development Of market
events In this country. not alone because
the grain is excellent. but also because
& prospects In Europe are not 81 tho Dest.
and because there Is q big falling off IN
the movement from Argentine The
weeks shipments from that country were
!, 274,0O bushels rs compared with l.e5S.-
GO bushels the week before. and 2.6s.oC2
bushels the corresponding week Of lsb.
With 46. 100000 bushtas3s OF old wheat e car-
ried over into the new crop G arr
walls OF new wheat make make greater npres
sion on the market mana sinilar nnun !, :
IA ent did q year ago.. Shoat y cona.m ,s;
in In sufficient auantities i. cause rhiIu
4aeeam cnah n%,,p e aseaAI ~ II receivers here
aggregated 1000 bushels. The close
range contemplation OF this early moyt-
meht naturally brings about a ssagging
tendency, but looked at In Its larger and
smore%remott aspects the phenomenon is
not 80 Formidable.
Critical Period.
a,n,at,a. wos co,,sed }Fr,day 81
{, sonnr ev ,,nnnpant rom Minneapolis thai
s = !, - ~ exncri nan station there had
NJ. 3 n,,aod sewerai snecimens of wheat
M had fond black rist OMIT, Nobody
Ia seriously alarmed at the amount OF
no blightine growth actually found to
date. But, there is concern as to whether
conditions arc right for a spread OF the
rnst. II they are, tho situation. actual
and prospectlye,1 is one worth watching
snd reckoning With now, S
This is a %critiral time for spring, wheat
10 be attacked by rust. WIDESPREAD IN
lection would Inevitably mean millions
or bushels OF loss in quantity and another
big loss In the quality OF the grain,
Flour Trade. domestic and foreign, IS
showing signs Of expansion. With only