South Bend news-times. (South Bend, Ind.) 1913-1938, 1914-07-07
BLACK RUST NEWS
IS BIC BULL HELP
Foreign Shipment of One Mil
lion Bushels Also Assists
Blight Reported in All COun-
ties in Southern Dakota.
RY IosFPH p. PRTTCHARD.

CHICAGO, July BLACK rust re-
ports from the spring wheat states
coupled with the taking OF 1000, 900
bushels for shipment abroad were the
potent bull helps in the Chicago wheat
market today Those who sold wheat
early in the belief that the bears were
slated to again take the market within
their grasp changed 10 the buying
side late when there was a reaction
and rally from the early declines.
THESE reactions amounted TO 3-S a
1 1-2c and the feeling was strong at
the close.
One or two reports of black rust
came from good authorities in South
Dakota and these said that the plague
is present in every county in the south
ern section Of the state. The report
says in part:
1--WE found black rust in every field
examined at Yankton, TindalI, Scot
land, Mitchell and Salem each point
representing a different county. In
many Of the fields il is present in its
final stage on the head stem. AT lro-
quois. Huron and WOolsey, fifty miles
north Of the foregoing locations, an
occasional affected stock can be
found but Il requires search. The
outbreak is not in the important
wheat section and il confined TO where
now visibly present, would not be Sc
rious, but il is scatteringly apparent
along the southern edge Of the big
producing territory
BLACK rust is joke" is the way one
OF the best posted crop experts in the
spring wheat country puts the claims
made by half a dozen men who have
located the plague.
James Melady, the Toronto, Can
ada, exporter was on the board of
trade today and he says that foreign
ers have bought about all the wheat
they will want for some time 70 come
at top prices on the crop. and that
they will now remain out OF the mar
ket for a time and that a state of de-
moralization is likely to be seen in
consequence.
r. f. Tearse who has just returned
from a trip TO the spring wheat coun-
try says that present weather condi-
tons are favorable for the develop
ment OF black rust in spring wheat,
but that IL Is his opinion 1T is too early
for the plague to appear.
Sentiment in wheat is very mixed.
Some can see nothing but lower prices
while others are OF the opinion that
the market has had break enough for
the present in the northwest.
Corn showed losses Of $50 Sac but
rallied some late on the strength in
wheat. The weakness at st. Louis dur
ing the morning dislodged many of
the smaller longs at Chicago and
caused general price receSSiOnS. This
weakness was followed by strength,
but there was a further decline later.
There was only a small demaEd from
here with sales OF 10000 bu5nels to
go east. Unfavorable weathe- was re-
ported in Argentina.
Oats closed irregular. the late
strength in wheat causing prices to
rally after showing material losses
early The market was Oft during
the morning on heavy hedging pres
sure and in sympathy with the weak
ness in other pits. Crop advices were
generally favorable.
n the provision market ribs led in
the matter of strength and activity.
There was a good cash demand for
sailed meats, but lard was still quiet
Both pork and lard showed some cas-
ing off, but ribs held their own.