The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1908-07-28
RAINS RRLIEVE
THB NORTH WEST
And Depress Wheat Market
sdAiter Bull Movement. /
Maize Displays strong Tone Hut
Great slump j. Noted Ia
Oats. If
REPORT OF THE COTTON CROP

Chicago, H.. July 2s.-Wlth the
movement OF new grain and weather
conditions In the northwest foremost
among the governing influences, last
weeks wheat market. moderately
active as a whole, was pitched TO a
high degree Of nervousness. with the
average outsider content to let the
professional do the business. while
at time ruling at about ic over the
flnish of the previous Saturday. final
prices Of the week represented slight
declines. the current month showing
no change.
Rains Relieve the Northw.&t.
Hot, dry weather northwest early
In the period aroused bulls to con-
siderable endeavor. their buying
prompting shorts 10 fair amount
OF covering. Subsequent general
aud generous rains. however, served
20 depress values. Crop news from
spring wheat territory was mixed.
many complaints coming from North
Dakota and parts OF Minnesota. but
The general trend OF messages in
dicated that the plant was doing well
Ia important sections. Almost ev-
erything in the way OF news from
the Canadian northwest favored
market pesslmlsts, men recognized
for reliability and conservatism moth
ing the prospect Of bumper" yield
of good quality grain.
Harvesting In winter wheat terri
tory progressed rapidly. with reports
generally favorable. Some sections
Of the southwest. however. reported
returns disappointing both Us TO
quantity and quality The weeks
primary receipts ran far over those
OF the corresponding period last
year, although receivers generally
reported current acoeptanees In the
country as surprisingly light. Con-
sentative interests are calculating
upon continued heaviness OF the
general winter wheat movement
and they figure that such move
ment viii go far toward onsettlng
anything but sensational crop de-
yelopments In the northwest
Export Workings Are Large.
Early In the week export work
ings assumed big proportions. aud
bulls figure that the demand from
abroad the next month or six weeks
viii have a Strengthening effect on
the market, which they maintain Is
AT present on legitimate basis
around existing values. Some OF the
more radical bulls are predicting
dollar wheat. Statistics continue TO
favor the bulls. aside from those In
volying the movement OF winter
wheat. Worlds shipments last
week fell materially under those of
a year ago. and supplies on ocean
passage again represented a big fall
ing OFF. Foreign marts were erratlc.
with trade on the qui yive. Argen-
tine crop news was more favorable,
although exports from that country
were comparatively light. Russia
continued to send In much alarming
news, and Its exports were light. rs
were the shipments. from India and
Australasia.
Maize Displays Strong Tons.
Until something more definite Is
known or spring wheat conditions. Il
Is not likely that general trade will
be- more than professional scalp
Ing affair. although commission
houses say outsiders are on the walt
Ing list. disposed to get into action
on any material change In the situ-
alton. "
The general undertone TO last
weeks corn market was strong. near
By deliveries ascending TO new high
levels for the crop year. The light.
ness OF stocks In all directions and
a broadening OF the cash demand
went far toward offsetting the eff
fects OF more favorable weather. and