Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-07-25
EUROPE HUSTLING FOR FLOUR
KILLERS SEE
PROMISE OF PROSPERITY.
Buyers Sending in Orders for Prod
uct of Grain Now Standing
in the Fields.

MINNEAPOLIS. Mimi, July A.-Flour
buyers in Europe are sending orders
to Minneapolis for the shipment abroad
in September. October, November and
December OF flour to be made from the
new crop of wheat now standing In the
fields.
In the last few days a business va
riously estimated. but known to be the
largest ever entered for export so early
in the season, had gone upon the mill
ers' books. The situation is unlike any
thing that has existed for five years
or longer and promises a return to old
time conditions in the Minneapolis in
dustry.
Europe has small stocks Of wheat and
-four and is disturbed lest Argentina, a
liberal exporter to the United Kingdom,
have a smaller wheat crop this season
than last. This is reflected in the buy
ing of the last few days which. in the
case of one local milling company.
amounted to 1900 barrels. and for Minne-
apolis and the country mills to about
600 barrels. Ordinarily, such busi-
ness for future delivery does not appear
until late August or September.
Inquiry Unusual.
The Shef1eld-King. Christian, Pillsbury-
Washburn. Washburn-Crosby md North
western Consolidated milling companies
report that there is sharper inquiry than
they have known heretofore in July. The
export business being booked is at prices
based upon the September or December
wheat price in Minneapolis.
IF the crop that is promised is any
where near realized" said C. C. Bovey
of the Washburn-Crosby company, II
co ~~,l,ry
a return to former conditions OF greater
activity on the part of the Minneapolis
mills with relation to export trade
The United Kingdom is the principal
buyer and orders are being booked to
go to Belfast, Glasgow. Leith, London
and Liverpool. The continent has not
bought much new crop -four as yet, but
indications are that later there will be
a big demand.
l.. Christian reported the outlook for
export trade the most favorable for years
H. II. King of the Sheffield-King COM
pany expects a good business on the
new crop.
Means Good Prices
That Europe should buy so early is
indicative. the millers say. not only of
strained supply situation abroad. such
as exists also in the United States. where
the old crop of wheat has been closely
cleaned up. but 1t has a much greater
significance from the financial viewpoint
in the northwest. Minnesota and the
Dakotas now have promise Of a bumper
wheat crop. the final outturn Of which
will before long be determined.
The old crop wheat has been selling
at a premium of 20 cents a bushel over
the new crop prices. or the new crop
has been at a discount of 20 cents just
as one looks at it. Great interest at
taches to the question of the price diff
ference. and although new crop wheat
prices have held we'll above the dollar
line. it has been thought that the nearer
approach to q good harvest might mean
heavy price declines.
The fact that there is a European de-
mand for the new crop SO far in advance
Of the harvest indicates rather that. as
it moves to market. there will be buyers
waiting for It, and that the farmers will
find such prices ruling as will make them
immensely prosperous and give impetus
to trade and commerce all over the north
west.