Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-04-29
VH[ATPROSPEC1SB BAD
Gloomy Outlook For Winter
Variety Unless Rain Comes
Within a Week
YEARS SUPPLY DECREASES
Worlds Total Less Than in 1906
Corn Experiences UpIift Along With
Wheat-AIl Wheat States Are Uneasy
Over the Outlook for crops-other
News.

Chicago, April 29.-That the wheat
trade is deeply impressed, not to say
stirred, by the gloomy prospects FOL
the winter wheat crop in Kansas and
other states is evidenced by the excited
state of the speculative markets and
by the advances made in all the options
over the close of the preceding week
Corn shared the uplift with wheat
Oats prices did not change materially
but the strength of wheat gave the
market strong undertone, and. crop
damage stories in the southwest and
delay in seeding in the northwest
helped matters along in the same di-
rection. -F'or the week May wheat
showed gain of &c.
If it had not been for the big in
flow of wheat at western centers and
other evidences of great supply back
in the country, the market would have
taken on still more sensational as
pect sonA Of the crop damage tales
coming from the other side of the At
lantic are beginning to assume the inn
portance attaching to those from home.
Taking these reports in the mass it
looks as if the worlds supply of wheat
during the current year will not meas
ure up to that of a year ago. Condl-
lions in our own spring wheat country
are not at all promising for the new
crop on account of the cold, backward
weather, but it is too early yet to take
alarm from the situation there. The
Immediate concern seems to conftne It
self to the prospect that not so large
an acreage as had been intended will
be devoted to wheat.
Private estimates of the yield IN
Kansas, based on present appearances,
range from 50,0O0.000 bushels to To-
600. 900 bushels. The latter estimate is
SHOWS, and it is not bad, considering
the governments final figures for Kan
sas last year were S2,000,00O bushels.
1t is conceded on all sides. however,
that a continuance of the present
drought for ten days will jeopardize the
crop in that state. The dry weather,
the cold days and the industrious green
bugs are trinity of evils that have
the potentiality for practical destruc-
ton Of the wheat unless rain comes
soon in generous quantities.
Nebraska for the first time is begin
ming to feel the burden OF the un-
favorable conditions, and reports from
Ohio. Tennessee, Indiana and other MD
die states are that the outlook is far
from reassuring as the wheat raisers
would like.
The German official report for Prns-
STA is for 6O,O0O,OOO bushels, compared
with 7S,0O0,00O bushels year ago. Ine
Algeria crop has been much hurt by
drought, according to advices received
in French markets, and there is cause
for apprehension over the new crop IN
parts Of Russia, India and Spain
Argentine is still shipping generous
ly. but the supply question has moved
foreign buyers to look. to this country
for more wheat, a fact that is reflected
in the expanding export demand. Inc
foreign markets all closed the week ac-
tive and strong, Influenced to a large
extent by the bullish conditions in this
country. After fortnight it is .ex-
pected that there will be a wider out
let for the stream Of wheat pouring IN
from interior elevators of the north
west.
Corn felt a variety of uplifting IN
fluences at the end of the week, CHIEF
among them being a decrease in the
worlds available supply, smaller re
ceipts at western markets, a fair de-
mand for cash grain from the east, re-
tardation Of work in the fields by the
frosty weather, the smallness OF the
Argentine production and the strength
of wheat. Liverpool markets were
strong and the export inquiries were
of more reassuring character. Stocks
in Chicago are larger than they were
year ago, but this item has little eff
feet against the decreasing movement
to primary points. The country ac-
cumulations being largely disposed OF
receipts for the next two months al
Chicago will come from what the farm
ers bring to the market, and farm worn
is likely to interfere with marketing
much of this time. Holdings of May
delivery corn are in a few strong hands
and under certain conditions there may
easily be a further advance, especially
if wheat should be surrounded with the
conditions now prevailing The enthu.
siasts are predicting the price will go
above soc. May corn closed the week
at soc compared with 4Sc a week ago
July gained nc and September NC.
Oats, so far as the new crop is con-
cerned, are between the cold blasts in
the northwest which delays seeding and
the drought and green bug in the west
and southwest, both Of which are d
serious menace.