The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-06-26
carr's Trade Letter

Weekly review Of Grain Trade
Conditions which are shaping prices
prepared expressly for The Mirror
by the Farmer Commission House
of II. IL. Carr & Company, 50
Beard of Trade, Chicago, Illinois.
Grain traders close this week in
a rather peculiar situation. Tee-
graph operators from San Francisco
to New York are threatening to go
on general strike if the telegraph
companies do not meet certain de
mands. Next week may open with
Chicago almost entirely cut off
from wire service or the difficulty
may be settled and trade allowed TO
go on in natural way. And
from possible disturbance of this
kind, we can see elements Of
strength in the wheat situation.
II has rained for three days on
the early harvest in Southern Kan.
sas and cOklahoma. Considerable
damage is reported. Harvest is
about to begin an Missouri and
wet weather is predicted there also.
For the past 48 hours Europe has
taken about enc million bushels on
this side. Continental markets are
again strong, beause of unfavor-
able weather over Germany. A
very large decrease in wheat OF,
ocean passage is looked for Mon
day and this may increase the
anxiety of foreign buyers to- secure
supplies from this side. Over con
siderable part Of North Dakota dis
patches indicate that the spring
crop outlook is not so good as two
weeks ago, cut worms and drought
injuring wheat on the high lands.
There is no doubt that the green
bug which did such great damage
to the winter wheat crop exists in
great numbers in the spring wheat
states but the damage is not yet
known. The Modern Miller of st.
Louis finds decided injury of late
to Illinois wheat fields from bugs.
Believe the market is working into
a very STRONG position.
The finest of weather has pre-.
vailed over the blg corn states for
a week but hundreds of reports by
wire and mail indicate that the
lateness of the crop, its weedy con
dition and poor color have been
very little improved. Corn raisers
in Kansas fear that extreme hot
weather will overtake the crop be-
fore it is sufficiently advanced.
Advices at this time from all quar-
ters indicate short crop. July and
August are the grear corn months
and conditions may easily improve.
Chicago sold for shipment and ex-
rort 100000 thousand bu. corn the
'ast two days. II is probable that
europe will keep the cash situation
'trong all summeE and unless there
IS decided improvements in the
crop outloog, future will
sought for further advance.
For two weeks past oats raisers
# Illinois and surrounding states
have tried to make themselves be
ieve that the green bugs which
we're so thick were harmless. Now
i appears that the crop is turning
"ellow in 'many counties and in
'ome places has been plowed nm
ler. Hundreds Of reports by wire
lain that the outlook is much
worse than TO days ago. The cash
and shipping situation is strong
as country supplies are very light.
Kansas City reports that Texas
viii draw on new oats in the
Southwest. We made it as plain as
possible that oats were in strong
position when September price was
around 36 and May under 40 cents.
Prices are now up several cents
from .hese points and likely TO go
'everal cents higher. We will gladly
furnish on application. Market Re-
ports to those who are Interested
IN following prices if the name of
this paper is mentioned.