The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-06-04

this year are in excellent condition,
large yield is expected on somewhat
increased acreage.-C, c. & Co. 70 NC
Fall.
Chicago.-Harvest of the new crop OF
wheat has commenced in the extreme
Southwest: as 1t moves northWard II
will occupy the entire time OF the
farmer to the exclusion OF marketing
OF other grains. Likewise the empty
cars will be devoted to wheat rather
than to corn and oats, thereby maintain
ing indefinitely the present inadequate
volume on receipts. 1t viii probably
be found that corn and oats prices Will
respond to the cash premiums.-T. & M
Grain Belt Forecast.-Part cloudy to-
night and Saturday, not much change
in temperatures, except warmer in the
Northwest.
Chicago. of Nebraska say;
Fifty-five per cent of corn crop ~
per cent of wheat crop and rs per cent
of cattle not moved If moved could
liquidate S50,O00.000 loans.
Chicago. French crops excellent. IT.
ally viii import 72,OO0,000 wheat, rye
flour up 25c to u.3bc.-Tape.
Chicago favorable reports. from
ers willing to sell corn, etc. Cars urg-
| emily needed. Illinois corn reserves IN
parts very large. Oats making excel
! lent progress.--Wild to S. & G.
Chicago-The British commission was
| out of the market for wheat again TINS
quarters was very quiet. The market
was called easy by leading interests,
| gulf wheat being reported as offered
| freely at $3.15 Demand for rye also
| appeared very quiet.
Chicago-Eastern houses which bought
July oats early turned seller Pit eie-
ment bearish. Market rather marrow:
Omaha houses been good sellers OF
corn. --Babcock to Clark & Co.
Chicago-Reported that Argentine
! government has approved an export TAX
Of $50 per ton on wheat and $40 per
ton on flour, equivalent to 46 cents per
Observation-Disclosures to Clark & Co.
Chlcago-Some buying Of futures that
suggests cash business. Brokers VINO
usually act for packers fair buyers in
| provisons.-Tape.
Chicago-Some good crop news from
Nebraska West is offering corn more
| freely.
Chicago-Clement Curtis & Co. June
report estimates the acreage under
corn in the cotton belt is 100000, with
a condition of around 74.5.
Broonihall cables: Beneficial rains
fallen throughout New South Wales,
but as yet it is impossible to forecast
| the crop. Seeding now completed, and
1t is not known whether these late
rains will be in time to save the crop
which was partly destroyed by drought
New York wires: The export bust
ness reported in oats yesterday OF
million bushels was the covering OF
sale made to France some three months
ago.
Chicago-Argentina has about 1000,
900 wheat for export. United States
and Canadian crop news mainly good.
wild to S. & G,
Chicago-An official of Western lines
states that out OF approximately sou
cars turned over to his line by Eastern
roads only about $50 were fit for load
ling.
Chicago-There are orders here for
| several million pounds of fat backs foI
| Europe, and it Is understood that Bel
gium is after lard, but Quantities not
| n.-Rosenbaum Grain Co.
Chicago--Goodman in his June cror
| report says estimates spring wheat
acreage of 1920, 900 in the three North
western Canada provinces, compared
with II, 709, 900 acres last year. and l6.-
OF. 900 acres in 1918 Condition is 922
against 95.S last year, and 1917 two
years ago. Oats acreage in the three
provinces, 1O,134,0OO, against 9,452 200
acres last year and 1885, 900 acres two
years ago. Condition sos against 93,S
last year and 902 two years ago on the
| basis of a five-year yield. Estimate
wheat crop is 260,000,000 bushels ano
oats 800 600, 900.