The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-07-17
Carr's Trade Letter.

Weekly Review of Grain Trade Con
ditions WHICH are shaping prices
prepared expressly for the Mirror by
II. II. Carr & Company, Commission
Merchants. VINO have unexcelled facil-
lties for executing orders for future
delivery.
Wheat sold on September contracts
first hour yesterday at 80 3-S cents.
IL sold the first hour today over %
cents. This is mentioned just as
reminder to those who are interested
in making money in the market how
easy it would be to fill a discretionary
order for customers on break like
that of yesterday and have two or
three cents profit I'm II in "A hours.
Believe there will he many SUCH situa-
tions in the weeks to come as the
market is lining into position where
1t is likely TO be both active and
strong. The last few days brought
very damaging reports from the
spring wheat states. Some of the
best judges in the country say they
can see promise of nothing better
than to 10 bushels per acre for a
good part of the Dakotas That crop
has yet to pass through trying
period and the outcome is very un-
certain. We have a number of Kan
sas points this morning reporting very
slim yields, from to 10 bushels per
acre. The total worlds shipment of
wheat this week was down to S,000,-
900 bushels, of which Europe will get
but 100000 bushels. about half of
her needs. There is no winter wheat
moving as yet, although the receipts
from the winter wheat crop were
heavy this time last year. This
shortage in winter and spring wheat
crops in this country and serious
shortage in the lead countries of Eur
ope Justify further permanent ad-
vance i'm wheat prices
Corn prices were depressed for
day or two because of the break In
wheat, but the market Is now show
ing an upward tendency. The future
course of this market hinges entirely
on what progress the crop makes with
present excellent weather conditions.
In some of the largest corn growing
states the backward condition cannot
be made good and experts who have
been over Iowa and other states say
there are only two stalks in a hill
instead of three or four, as i'm the big
years. The official report indicates a
shortage of 10000 900 bushels I'm Iowa
$4,000, 900 bushels in Illinois, $4,000 900
bushels In Indiana, As, 900, 900 bushels
in Ohio and 22,OOOOOO each in Ne
braska and Missouri Believe the
country and the trade will not see
26O,OOO,OOO bushels taken from the
SIX surplus states without making
prices higher tnan they have yet been.
| Looking over the entire oats produc-
ing area from Ohio around through
the western states and up into the
Northwest, there is not a single seq
tloh where crop reports are of a
good or even ordinary character. Re-
ports this morning from South Dakota
and Minnesota say oats turning vel
HOW and only or inches high A
number of the largesr oats states are
estimating harvest at 60 to 70 nor
cent or crop. A group of very
lstrong leaders In this trade, with ex-
perts in the field learning exact CON
dltlons' is under oats prices and we
oelieVe this is good loading to fol-
low We always prefer receiving in
Istrnctions on filling orders, but we
think we can furnish some remarkable
surprises for those who wish TO send
discretionary orders We will gladly
furnish on application Market Reports
as well as valuable suggestions on
shipping and trading to those who
are Interested in following gain prices
II the name of this paper Is men.
toned,