The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-09
Grain.

Chicago, -Vantostrand, weather eX-
pert, says: General showers have fallen
this week over the entire grain belt,
temperatures ruling near or a trifle be-
low normal. The danger from hot winds
In corn belt seems practically improb-
able. Desert cloudbursts, the source of
hot winds, not indicated on map to-
day hence the weather Is distinctly
bearish. Wild to Shepard Gluck.
New York.-We understand there is a
strong combination 70 bull coffee.
Buenos Aires wires: Weather in this
country is intensely cold. Rains pre-
dicted for Sunday and this will be
good for crop preparations.
Omaha wires that large corn receipts
is expected.
Chicago & Bryan out with
report that grain in markets greatly
oversold and reaction due.
Chicago. Our Mr.. Cromwell estimates
the Iowa oat crop from Des Moines to
southeast cornor of Iowa at rs to 80
per cent. He estimates the United
States corn acreage l04,300, 900 and con-
dition 1913. Crop promise 1856, 900, 600
He makes oats promise of l,318,000 600
Wild to Shepard & Gluck
Minneapolis. Black rust reports in
from Turton, S. d; Gallop, S. d., and
also around Aberdeen.
Chicago -Des Moines says oats COM
lUB hlOHk line anu last w llu W oHtp-
ard & Gluck,
Characterization continues in
corn. The receipts are liberal, the de-
mand is falling off, Weather Is very
favorable for the growing crop. Sharp
rallies are caused by short covering
but as the buying power is being re-
duced and Is only small the market
easily says off again after the bulges
Premiums in corn have entirely disap-
peared, leaving the bears in a better
position.--O Brien.
Chicago Goodman report SAYS: We
have just completed a special inquiry
over northwest as to the condition of
spring wheat on Monday and Tuesday
of this week The reports are uni
formly favorable, growth excellent,
some little damage from dry weather in
west; some damage from grassnuppeTs
Most of our correspondents believe
moisture sufficient to carry the crop
to maturity No black rust develop
ments discovered; general opinion that
conditions are against its spread The
period of its appearance is from July
10 to July %, hence next TWO weeks win
he critical stage. II present conditions
are maintained the spring wheat crop
will make S50,O0U,0Oo bushels. Clement
Curtis & Co. 10 Neral.
Chicago Consensus Of opinion among
cash wheat handlers Is that the opening
price of December on July Is viii be
around $3.50 TO $50. opinions are
mixed as to the probable volume of
trade. Some OF pit element believe It
will be light for several months The
war tax on each 5000 traded in win be
around $2.75 The weather this morn
ing is all that could be desired. Some
rain at Minneapolis last night; rainel
yesterday afternoon at Fort Dodge and
raining at Sioux city this morning
r. & NJ. to Clark & Co.
Chicago. Heavy selling Of September
oats by commission houses BuyInE
not very GOOD Brien to McFall.
Chicago Argentine shipments wheat
s, 900 600 Corn 5000 coo They are do
ing all the business. W. will be looking
for buyers later on,-O'Brien to Me
Fall.
Philadelphia,-Th first shipment Of
the now wheat crop made it's appear
ance at the Commercial exchange yes
terday The grain graded No , red,
sold at 81 80 Il hushcl Two hundred
bags composed the lot.
Chicago, Eight hundred thousand
bags Argentine corn offered in New
York. Corn Products company refused
to bid on it as they have four months
supply &C. c. & Co.
Chicago Think the buying in Sen.
TENDER corn and oats has been very
much better than the selling today No
one expects wheat to get under 81. 81
] for some time, and it will exert some