The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1933-06-29
Wheat and
Coarse Grain
Prices Soar
Extended Blistering Heated
Spell Ruins Crops in Many
Northwest Sections
NO RELIEF IN SIGHT
Corn and Potatoes Are Dry
ing Up-Grasshoppers
Numerous

Minneapolis, June 2S-Oyer-<luo
profit-taking made itself felt in the
grain markets today stimulated
somewhat by the announcement
late yesterday that the processing
tax on wheat would be levied July
3 despite the unusual rise in ali
crop prices.
The market opened five to six
cents lower, but there was a strong
buying tendency still present and
prices began climbing again, al
though shortly before noon they
had not regained completely the
highs Of yesterday when cash wheat
swept above the dollar mark and
December wheat futures touched 81
in Minneapolis.
The widespread interest of the
public in grains had postponed the
usual .profit-taking dip which fol-
lows rapid price gains. There had
been until today such a food of
buying orders that profits failed to
put a dent in the market. But to-
day they were outnumbered by
stoploss and sell orders, and a
sharp recession resulted.
A car of durum wheat from
Starkweather, N. D., sold on the
Minneapolis market for 500. 10.
the highest price for that variety of
wheat in long time.
July wheat, which had closed
yesterday at SO 1-Sc, opened at
9ohc to 81 Il C. September dropped
from its previous close of 81 3d.
1-8c to 9614c and 90c. December
futures skidded from the close of
SO 5-Sc to CSC and 93c.
Shortly before noon July was
selling at "a 7-Sc. September was at
30 7-Sc and December at 81 7-Sc.
With the exception of flax, all of
the coarse grains opened lower.
July rye opened at 721ac, compar-
ed with yesterdays close Of TIC.
July barley dropped from 52kc to
SOC and July oats from AZ 3-sc 20
41c. July fax, however, rose from
it's yesterday close of $3.50 to $1.91.
September from $1.S9 to $1.90 to
$1.91 to $1.93 and December from
$1.94 to $1.95.
Corn and potatoes on high
ground were beginning to suffer,
according to reports to Andrew
Boss, Minnesota state agronomist.
He said corn generally could stand
the heat for another day or two
without serious damage, provided
heavy rains and cooler weather in
terrupt the heat. He was more
pessimistic regarding potatoes, say
ing in many places the crop already
had been damaged at least so per
cent.
j. S. Jones, secretary Of the Min
nesota Farm Bureau Federation,
who has been in touch with farm
ers through frequent trips into the
country and by phone reports, said
there still could be partial harv-
est Of small grain in parts Of south
ern Minnesota where the heavy
soil had protected the crop. But in
western Minnesota, he said, the
crop is generally beyond aid.
Jones said potatoes in Minnesota
had not been badly damaged with
exception of the earlier varieties.
Corn, he added, has not suffered
great deal except in the light soil
on high ground.
He said soaking rains soon would
give the state one of it's best corn
crops.
Grasshoppers added to the peril
in South Dakota and North Dakota
but Minnesota mainly because Of
protective measures taken last sum-
mer, has not been seriously affect
ed, according to A. G. Ruggles, state
entomologist.
Lack of pasturage harrassed
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