The Bowbells tribune. [volume] (Bowbells, Ward Co., N.D.) 1899-1969, 1907-06-07
WORLDS EYE ON WHEAT
Grain Yield in Southern Europe Far Under Average
Our Home Shortage is LARGE and Market Situation
Abroad Very Similar to Our Own Of q Month Ago.
(GOOdall's Far.ner.)


The wheat market is at present center of world in
terest Values gradually making their way to higher
levels. The market is not controlled alone by the
passing whim fancy of speculative ring, but
also based on the worlds crop conditions. Few have
been able to keep with the wide and changing nuc
tuations. Prices have gone forward with violent rush.
then receded almost suddenly but little reflection
and study of the tables shows that prices steadily ad
vancng The price had slowly risen nearly 10c bushe
since late in March until the crop report
peared the second week in May The government
perts then fully verified the reports made in the daily
bulletins and predicted yield of 10O 900 bushels less
of winter wheat than last year in the United States This
report appeared Saturday. May IL, with prices the
Chicago exchange under 9Oc. Monday, May 3, the
$o0 reached and passed Week end prices showed
recessons from the highest figures of the bulge
but news is all of bullsh nature.
EUROPE SHORT WHEAT.
The situation in Europe is no better than in this
try The big winter wheat producing sections hold little
promise of good crops Still the face of this situation
the markets of northern and western Europe have
fected the advances of southern provinces where the
crop damage is visible influence. Crop experts who in
times past have shown intelligent understanding of
the foreign situation strong in their prediction that
before long both the English markets and Antwerp will
show quick response when the full import of the situa-
ton is realized.
MARKET OF POSSIBILITIES.
There are immense possibilities in the wheat market.
The worlds attention centered in it. Present prices
are high enough to discount very large crop damage,
but it is question how far beyond the legitimate level
prices may be advanced when markets abroad seized
whth of the fever which experts declare is gradu
ally working its way into their ranks.
EXPORTS TO BE LOW.
Heavy exports have been the rule from southern Eu
rope. The steady constant supply from the Danuban
countries during the year will depend this year pres
ent weather conditions Crop conditions in southeastern
Europe unfavorabe the winter wheat conditions
in this country except that abroad there bug in
sect pest progressive crop destroyer
At home rains west and southwest have diminished
the uneasness felt for the Kansas and Nebraska crops
The former state has need for still moisture but
good spring rans il they soon, will be great help
FOREIGN DEMAND INCREASES
The foreign demand has shown large increase during
the week just closed Duran wheat is materially lower
than the other Sorts but the supply is nearly exhausted
Manitoba up Sc during the week. but is behind Chi
cago The outlook is for goodly number of buying
ders from Chicago and seaboard spectators in Manitoba
and English markets this week if prices there do not
fleet the strength in America Wall street is daily be-
coming a bigger figure in the wheat market. Eastern
traders while So far supplying only small portion of the
total business here taking less interest in rails and
ndustrials and interest in wheat. Wall street
houses promise to be active in the local market
time advances.