Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-06-15
MARKET AND URop GOSSIP.

Minneapolis. June .15.-The Van
Dusen Harrington company says in its
weekly crop report:
Heavy rains in Minnesota. North
Dakota, South Dakota and Montana.
have been the feature Of the crop
situation during the past week.
'lihis moisture came .ut the right
time and the grain has benefited Won
derfullS: There wc4e quite a nu;n-
her vi places tina, were dry and our
recent renO:ts i:cm these districts
advise t:,ut 1.-The stnpcarante Of the
g,a II has grelt.y improved.
Ihe tenn stSa.ule mas bee: moder-
ate and gram las made very rapid
ssrvn.,S -, III sou II ,rh districts
Wheat has sta. ted to JOINT and has a
yc!y good color and stand.
w mes i've is spotted. In some
places 1t shows n. remarkable ccndi-
ton. while in others it is thin. The
recent rains, however. will be OF great
benefit to the rye during the filing
stage. and Il large rye crop is now in
prospect.
Early sown barley ami oats are
hearing. Corn is r..king good prog
ress, and SHOWS Il very healthy condi-
ton. In some small districts Of
western North Dakota and eastern
Montana. there have been reports, Ol
cut worms hut We believe the dam
g will be slight.
!. We. haze nolarxperienced a time in
years when farmers We're showing so
little interest in fax us at present.
The fax acreage this season will be
made up of small patches and very
little breaking OF new ground has
been done. There has been sufficient
moisture to terminate the seed and
the growing conditions have been sat
isfactory.
as "a summary. the conditions at
the present time of the grain crops,
in the four states covered by our let
ter. are highly satisfactory. Barring
a general epidemic Of black rust or
heavy damage by hot winds. or blight,
the northwest should harvest one Of
, the best crops in years. The crucial
period, however, is. during the next
lew weeks and rapid changes may
! occur from time to time which would
alter the entire situation. ~
The Northwestern ialiler, in it's
weekly review Of the flour trade. says:
The government crop report, with
Ns estin ute of S55, 600, 900 bushels of
wheat in 1922 was the main feature
in the weeks -four trade, as it result
ed in O. fairly consistent weakness for
wheat prices.
The price situation. while it fully
justifies those who maintained that
| the bulge in wheat prices during May
was purely the result of speculation.
and had nothing whatsoever to do
with actual supply and demand, gives
not very clear indication of what the
price levels will be after the new
crop begins to come on the market.
Accordingly, though there has appar-
emily been a slight increase in. the
volume Of fiour buying, the gain has
not amounted to much. and has Been
little more than the natural result of
low stocks and falling prices.
Flour prices have continued their
downward course, but rather slowly,
being held up somewhat by the pro-
nounced weakness of feed. The, bot
tom has temporarily dropped out Of
the feed market, with prices around
81 per ton lower than earlv in May,
and over SO below the high point
reached in March. This has in
evitably reacted on -four values.
Quotations on patents and straights
|-are running 70@S0c per barrel below
those Of the early spring, while clears
have held more nearly steady. Much
of the business done of late has I'M
sdoubteHly been at prices materially
below the nominal quotations.