The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1909-08-24
Drouth In the Corn Belt Is a Factor
and Lively Market Can
BE Expected.
OATS VALUES ARE LOWER

ture. Prices were unchanged to &c
lower for the week.
Wheat Crop is Made.
To all intents and purposes the
wheat crop OF this country is made.
The quality I'm the northwest still
has a chance OF being lowered, but
the bushels are made and with the
ideal weather conditions of the last
week continued a few days longer
the crop will be secured. While
there has been pronounced ten
dency to lower spring wheat est-
mates the last few days, there Is
little doubt that a big crop has been
raised and that thrashing returns will
largely bear out the early promise.
With a big spring wheat crop
practically secured on both sides of
the line. the trade faces an immense
run OF spring wheat TO all the north
western markets and possibly to
Chicago. Some conservative men in
the trade expect receipts at Mime
apolis and Duluth to run 1000 cars
day for some time. and count on
this to break prices in all markets.
Thrashing Is well started in the
southern half OF the spring wheat
belt. and only continued wet weather
would check an early movement.
Cash prices at Minneapolis and Du-
luth are already undergoing drastic
readjustment. and fancy prices Will
rot last long with the new wheat
pressing on the market Stocks OF
old wheat at Minneapolis are about
exhausted, being reduced 600, 600
bushels for the week. The mills
VIII necessarily require a large per
centage Of the early run on account
Of the light stocks on hand.
Farmer VIII Make Prices.
Naturally much will depend on the
attitude OF the farmer. In the win
ter wheat territory there Is no pres
sure OF wheat anywhere and stocks
have not accumulated 10 any extent
.in spite OF the heavy first movement.
Should the spring wheat farmer show
the same Indifference, especially
should prices work a little lower, II
would be impossible 10 depress val
ues to any great extent. At the
end OF the last crop year stocks were
about as closely cleaned out I'm all
directions as has ever been the case
in this country, and the upbulldlng
OF reserves with current requirements
Will take an unusually large amount
.of wheat.
Dollar Wheat Farm Slogan.
Farmers organizations in the
northwest are preparing to wage
campaign for dollar wheat on the
farm and the influence OF these or
carnations is a factor, especially as
the wheat growers are becoming
more Independent every year. Never
in the history of the trade has the
farmer had Il In his power so thor
oushly 10 dictate the price of his own
commodities as this year, and,
coupled with the fact that the price
trend Of all products Is towards a
higher level. Il would not be sur
prIsing TO see conservative market
Ing of grain all along the line, In
which event values would not be
considered ON an abnormally high
basis around present levels.
Corn Crop Hurt by Drought.
Dry weather has continued
throughout the week through the
corn belt and there no longer APP
nna-, a.. 10 ans Adult thot a.. &C.,.
has resulted from the drought. al
though the Indifference of the coun-
try on the buying side has been eff
fective In creating the belief that the
injuries sustained have been exag-
gerated. In Kansas and Nebraska
the damage has been the heaviest
and sensational reports were received
which had moderate market effect.
The weather as market factor
lost its effect apparently during mid
week, but later became potent again
and induced free buying with a
sharp rally In prices. The cash mar-
ket has been tame with Kansas City
and Omaha Offering corn more free
ly Receipts have been much small
er than expected during the latter
part of this month. and stocks are
not large. farmers not selling freely
with 80 much uncertainty IN regard
to the new crop. Some selling OF
new corn for November-D December
shipment was reported. The market
is almost entirely a weather PROPOSE
ton and price will be governed by
daily conditions over the belt. IL
will be six weeks before danger is
over, and lively markets are indi-
Gated Prices for the week were
II DISC to 2ss @2%c up.
Oats Marketings Are Heavy.
Heavy marketings of oats and
hedging sales from tho northwest
checked the rising tendency in that
cereal, but the strength in corn help
ed to rally the market from time to
time Elevator interests are prepar-
, ing to deliver out large quantities
! of oats on September contracts. and
continued enormous receipts are pre-
dicted in some quarters. On the
.other hand, influential country deal