The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-04-19
GENERAL VIEW
WHEAT CONDITIONS
Conditions Very Much I'm
settled Owing to Mixed
Crop Reports.

&AlIlICiPoliS, hlAi NV
last week wheat markets have been
generally unsettled due largely to the
mixed condition of the growing crops
Of winter wheat. Each day brought
its quota OF expert reports from the
several different sections of h
try. which in the aggregate bore out
views Of pessimists AS to the former
weeks reports. The present week
80 far has added fresh reports of
damages from the soft winter wheat
states. quite equal to those of tho
previous three days. Oklahoma this
week is reported to be In a shape
while a week ago tho purport of adj
vices seemed to give that state a
more favorable outlook.
lie Count in telegram from Peoria.
ILL.,. says that from Decatur to
Bloomington the wheat is dead and
from Bloopnington to Peoria it is also
dead, without reporting further upon
the conditions in Illinois. B.. w.
Snow also sends in n line OF bad re-
ports and other such reports come
from several parts OF the winter
wheat belt that are bad. This is
largely the starting period of spring
growth. The more favored sections
where warmth and soil conditions
were favorable give better reports,
while in backward places the worse
WOulN PREVAIL. IL lOlloWS lutt lle
reports cover particular sections that
vary extremely in the progress of
growth and give an uncertain condi-
ton even If all finally confirms the
advices Of the week.
Foreign reports especially of Eu-
rope, on the whole are good These
however, are in a measure. offset by
conditions not SO favorable in Ger
many and In Austria. when cold
weather created Il prospect less fav-
orable. The old world markets have
been quite as unbalanced by weather
and expected harvest as in this coun-
try but on the whole have maintained
much tirmnes at the market places.
At tho present time the weather
has been in favor of the outcome,
hut il the American crop is as bad In
the final result as is intimated by
progress so far. since spring began
to open. there is much doubt of a
satisfactory winter wheat result. OF
course 1t is vet too early to make
figures that have any sort of re-
liability as to what may be brought
out a few weeks later. The spring
wheat crop in the northwest has
made much progress in the way of
seeding with soil generally in salts
factory condition.
The Local Wheat Market.
In the local market prices have
not equalled in relative strength the
upward tendency of wheat values
further south. Still the average of
prices has been Very we'll maintain
ed but less market activity shown
even approaching to a state of dull-
ness. Receipts as compared with a
year ago are 16S less this season due
in a largo measure to farm seeding.
Minneapolis receipts We're 7i0 cars
for the week against 90S cars for the
same time last year. Duluth received
145 cars. against III in 1911 and Chi
cago 1876 cars, against 10S last year.
Winnipeg had $500 cars, against $50
cars Il veal ago. BY taking in the
Canadian receipts the northwest to-
tai is above lats year.
Tic Wheat Position.
Broomhalrs-During the week the
market has moved upwards due to a
growing apprehension concerning the
state of the stocks Of wheat in the
Liverpool the monthly official esti-
mate reveals a sensational depletion.
tho returns issued yesterday showing
only $1,000 quarters held by mer-
chants and $1,000 by millers in pub
lie stores outside Of their mills;
moreover, millers' private stocks.
which fortunately We're large a
month or so ago must nave Deen
drawn down severely in recent weeks.
probably to the extent of at least
10000 qrs. during the month of
March. Other ports. 1t would seem,
are not in quite so bad a case as 10
the premier wheat port. but many
OF them are carrying Very light re-
serves and mono of them will find it
an easy task to replenish their stocks
during the ensuing three months. In
the next fortnight Liverpool should
receive a very liberal supply. as
about 100000 ours. are due to ar
rive in the ensuing ten days. but
an occasional squirt of this kind will
not help much to build up reserves
Of n port which distributes in normal
times at a rate of 1000 ours. per
week: for our part we shall be sur
prised il the May returns for the
Mersey port are not again quite light.
Everywhere in Europe the invisible
reserves OF millers. 1T is believed,
have been very freely drawn upon
during the past five weeks and, al
though there will be a number of
British and Irish mills closed down
for a week at Easter. still as the
trade is now about to enter upon
the usual period of crop scares the
feeling OF apprehension concerning
the future is not at all unreasonable.
more especially as it is likely that
the aftermath of the recent coal
strike will result in a period OF re-
duced shipments during the month
OF May. when ordinarily they should
be very liberal.