The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-21
Grain,

Grain.
Chicago.-Receipts Of corn are keep
ing up. 1t may be that they will fool
the trade and keep coming. Cash July
is selling at a discount for the first
time in three years.--O Brien to Neral,
Minneapolis oolman & Co., grain
dealers at Freeman, S. D., wire they
are going to have poorer crops than
last year. Crop affected by rust, blight
and smut.
Chicago,-Weather conditions coul6
not be better for all grains.-O'Brlen to
McFal
Chicago houses sold
small lots early.t The rains in Canada
and favorable weather Northwest COM
bined with break of % cents in Argen-
tine from the opening factor.
Chicago wires from orion
vile, MINI: Wheat examined today in
fected with black rust Nearly 50 per
cent Of wheat in this vicinity is in
dough, Is nearing maturity and will not
be badly damaged. Oats and barley
fine. Some early corn beginning to
tassel
Chicago.-Price Current says: Corn
crop has made wonderful growth during
past two or three weeks, many fields
sci, Showing strong, vigorous stalks,
but warm weather is necessary for
final growth of the crop.
Grain Belt Forecast-Generally fair
tonight and Thursday not much change
in temperatures except thunder show
ers in Dakotas.
St Paul-At meeting of grain in
terests here, North Dakota commission
ers declare this year crop outlook
promises an increased yield of about
so per cent over last year.
Chicago Market Iow
and weak. Cross Roy bought some
lard and ribs but no demand other
wise. Bartlett leading selling lard and
brokers thought TO be acting for Swift,
selling also.
Chicago-Money is to be more Of a
factor in shaping grain prices. With
improved transportation facilities, which
we feel can be expected grains will
come forward freely, 1t will be diff
cult for growers to finance grains and
those in need of funds must market
Trend as we see 1t is lower. Believe
everything should he sold on the rail-
lies-R. w McKinnon.
Van Dusen Harrington, Minneapolis
says: Rust damage in Southeastern
South Dakota and Southwest Minnesota
not be more than % per cent Believe
North Dakota and Montana can make
up for any loss in Minnesota" Minot,
North Dakota. says: General crop APP
wheat in 10 days, IT. & NJ.
Chicago .-When there were no stocks
Of corn in terminal elevators and when
daily receipts brought strong premiums,
labor troubles in transportation were
| legitimately bullish factors. But now
that premiums have vanished and ele-
Vators have acCumulations, reduced
transportation facilities mean a smaller
| outlet for reserves.-Babcock to Clark.
c. A. King of Toledo, wires: Kan
month ITO. Final last year l46. Corn
condition SCI, last month sO2 last year
| 1913, acreage $4,000"
Chlcago,-Larger commission houses
have corn for sale, Support difficult to
discover. Ideal weather, liberal re-
Cepts and Kansas state report on wheat
are motves.-Babcock.
Chicago. Weather perfect for corn.
Complaint of rust in Minnesota only
causing sentimental effect. We will get
plenty of bad reports, but they should
have little effect as weather Is not
in favor of damage. The harvesting
| larger yield than expected and the July
report will probably show winter
wheat crop of over $50 600 600, which
will more than offset any loss in spring
wheat. Corn is in very weak posi- =
ton 1t is on a domestic basis, with a
very small demand and stocks increas-
ing % Brien to McFall.
Price Current: Weather conditions OF
late have been generally favorable for
oats and higher temperatures are nee
essary for corn in some localities whore
growth was backward. Generally
throughout the surplus states the crop
is in most excellent condition,
New York wires: Reported that inter-
state commerce commission has notified
Eastern roads to deliver to Western
roads 25 900 more ears Immediately for
grain
Chicago.-John Barrett reports pu"-
| chase today Of $4,000 bushels No.
| TSxas corn to come here August ship
ment at Sl5O.-E. W w. y Co. to $. &
G.
Stocks.