The sun., 1912-07-07
uCHTSTERN FIGHTING
TIE BEARS IN WHEAT
Cu' Fears Find Rig Ammunition
in Those Rains in the North
western States.
THY SHORT SIDE POPulAE
Set ,rrcal Crops Lac Behind In
rrca>in" ropulation-\rc
here Too Many Bears:

V ..,' ra- certainty trcunrr = { % of
.. .p.i;ion with al ease and rap!uiy
.-s. svc-cs-s IT, ~" latiris'- ot thc ti-
..r, pusNi of Trade ,hcir old DAYS in
w. .ut tIc say1- tsGh> d,~ccn>u-
.,,r,t sn easy descent. .:srpose We say.
mo- % spccalstiv. l'teruo rurouslv
... -.,ns Ia the ,yrin. wheat states
Ne-a itr N-lncipsl cAu~e of TIE sharp de-.
.-. r. no <merican and tie canadian
= -'hwes; eeea-t them They certainly
,a- 'tar Sic sprinc wheat crop may te
i.eer than ~ one tine seemed po.s,hle
e, az errAS ~Asa; !ici. wa- Partial
.1i.ta asnely. - .us'.tsu tu>h. Ih.s
- r1avTSfn au' 30 b. lv' rti tsl' bush NOR.
- rearty e'onn. 600 bush though some
.. ne 'Np axrer;s vii no doubt irov n ~
..rl frurSs. They are not incouveiVarl"
'o- all thA:. Sno~ aays tina, on "a UeW
rss. O; dsGrinc the sprus wheat crop
POW looke Ike .re."n 600 bush ari acro-i
ac 10 NE sld way OF reckoning J'Sfr" rt"
- In ..y case II will ne far larger than
- yeAs- He puts IN. winter wheat
.-.0 according TO rrcsan; aupss-J J.or- o.
- U.J a. hush. As near as can now ha
.d ced the total crop Of v.u'.r aHd ~'r,rC
;cl7'. .rorSeao a., 20, hush 10 e,,' D,pi 'sp
tash aRainst 6.i o(a on tush las year
r. other words. the present oUtiooN sug-
.e.'s total crops AZ ieas' - 90 r"h 80 -
N" bush more than tha' ot las year.
a ccrdinc 10 the new styla OF fclfInr
s1or'.i BY fhe Agricultural Bureau a.
Washington Based on IN. oii s'yie the
old would be estimated AZ 60 s' .tsn
t.-h. or E1pso bush more than las,
,ssr. The high record D.. 7.S 5000 bush.
Meantime the cash demand ha- been
hset. EVERYBODY has heen selling. New
vheA' has arrived al ksr-as ,Ity and sold
=, cents under '.e 'urrcl' price u: TIE
IA The indi cations poiui 70 Increased
rorld's shipments or az any ra'e 20 lsrre-
.tirnents from Argentina The weather
ir ArSeniinA hs- been fu- River ilata
.h7pers have been orer.u. freely ~ Liver
pool large acreage. moreover q, bairc
tsri.d iu Argentina All he b.r com
-~ission houses have been selling - have
re rank and fiie OF traders. iuly h. beeu
especially depressed II has been a shining
= AK for a'f.ck fnreign markets have
.sturslly reflected the American decline
rsri- has been az times corspicVou.tv
pessiristic.
Yet one thing = noticeable September
ta- quite q good many frieuG> july. too.
,ss been bought from time 20 time ny some
e tie elevator companies Of Chicago
IN. Seplem cer seems uIo-" ct a hes cou of
,o;e 10 not a few who refuse 10 toach July
Inc distant futures have te"n The t.-'
sustained both a; hone ard abroad H.
liverpool distant months have AZ Tin -
p<.n noticeaulf vol supported
What doe- i-i- m-sr.
y undoubtedly means hist some - to
r. cli>h grain iuerc chants are nervous app.-
',.rUre supplies 4 few months aso 'Na
vorld's visible supplv wa. 90. ~ coo hush
Sow II 10 down to i37 -. 80 bi.h or oii
- ~ ~" more than last yesr The eNc~--
,sr last ynS- was a. one tir'. much greater
ItA American visible slup!' which not 50
'7'c ago was very uuch larger than ~ the
sane time last year. i now mailer man g
year ago ny ..Oo.O,l bush Ial- = >Aarr
,nsrre Il evidently has nov --rapet 'Ne
ro'ice % Liverpool people
Rear in rn4ad. too. that The worlds ..!i..
rnen's in the crop year ended ll.y We
.pproyirra'cly only '3t.pSt-.I bushels o.
nearly ITO 90 o. bushels les han ID tho
previous crop year. Tins assur,a.E j. q,
email deficit and American farm recrV.-
are snan Then the crop Prospects "as'
cf the Nissi,-ippi River tav" teen poor
Ard only party r.de-n-d ~ tn. ucrca so
crop v-s' OF the river.
II ". pu; the wIn.er wheat crop a. fs5
o'o 90 bushels 1, loo.s rather slim b.>it.
ne crop las. year Of sci N.o on hVsr.l j.
n iS'e u was 90. ~r"no bushels turop'
has the right perspective on these int -os'
iu- facts chicago trader, seem - hdN,
-nfsO''HT IIeUl. n" N''4LR wheat aEN.
looks better But a. times Liverpool j.
evifen'lv rather nervous about y ever
,hourh prices have attsrly declined there
Moreover. the weather IN ENGLAND snc
Russia ras is'tArly heen Wei. cool ana an
favorahl. for the crops. In france l. ma
also been Wet aud cool Dry. warm con
dtiors are ne.dad there a. We'll a. IA ing
land and in parts Of Russia Tia" -tlg
rnen's from Russia during IN" crop Veal
.ndad July were stated a. aprroNiu,atsi'
nriv :? CO oop bushels as against :is rsI 'r'
0rshels in tha previous crop year ~.
emily Russia I. worth watching lhs
word. price OF wheat i not fXei by the
United states alone l. simply has on" vote
Glance then AZ the ia'Ns' foreign CroI
news The weather ha. been bad 70
maturing wheat IN ENGLAND. From Rus.i'
comes ttis report In tn" southwest IN
weather " still rainy In the Nol,a re,jo
and south tho weather j. droughty and tn
outlook for IN" crops il hopeless Arrival
A. the ports ar" small hat = 10 -ay, !
important wheat producing regions of th
vasf Russian empire 'he conditions ar
rnenac.pg What u more. Liverpool mem
ter. Of the trade have been taking aho,i
as market factor From Hungary CON
'lain's ot bad weather are being rcCeINe'
and 'ts rrop - expected 20 be someN ht.
smaller than the last one, namely. l1..
@" 40 bushels aganst l76"","" last veal
N.' weather mas been delaying the bar
ve-'inc oi wheat in Rumania. In Franc
-" Indication. point TO only q modeTat
'ror The weather has been bad France
estimated. viii have 10 lmror, :" ""o 80
t'.-0els "' foreign Wheat,
T. iiCns,ern has been a huyer
II" bought for days III succession rch'
NJ 49," deol me He IL not our. Po-.iri
- ''.rt- y he''er policy 80 hold on f.
Ie--ihi" shift OF prices during the me-
crop year .Ist opening. Others think ""
- >et 'e'aber wheat around a dollar a hpsh
"n -" idea thai important wheat countrlo
= ~" rlohe " III raise only noderat" cror
aAG .l some cases less than la-t year. A-
''" v"r.G stocks are rapidly Nanishin.
.1 10 'pr'right they have been cut dow
over .-.po.uu0 hush, Last week alone q!
'"'i iD'."'l MAS over ~. .0Io, nm bush
10 'tp latest decade for which We hav
90, e!rineut data II Il shown that viii
no' l.auou N this country increased
- ont. he crops Of cereals increased onl
p-r cent the result being that the
'. '" increased fas per cent. tn" wh"a
''r Increased only IS per cent, as cor
''a-'"d w,th "a percentag" OF deoreas"
lo'''a'ioA nearly siV times a. great. IN
fc- IN Na- an Increase In the NHlu" rf v lcd