Show BLACK RUST SCARE PUTS WHEAT MEAT T HIGHER IGER Badger Brothers CHICAGO July 22 There There was ex exceptionally exceptionally ex- ex large trade in wheat today with values s soaring The Tile black rust epidemic appears an nn assured fact the experts' experts regular trade and private correspondents correspondents cor cor- respondents generally confirming re reports reports reports re- re ports of this condition One point in Manitoba notes the black rust appearing there but less virulent than in North Dakota and the latter state is less affected than South Da Da- kota In the places in the latter state in which black rust appears the damage damage damage dam dam- age is now conceded to be very great and recipients of the news hesitate about promulgating the estimates made The evidence Is so overwhelming I that many of the longs wHo sold out outto outto outto to take profits and have a quiet gulet Sunday Sunday Sun Sun- day have been reinstating The price advances have been so I large that other 10 longs longs' hav have accepted the handsome profit ut the uL-the the rush of I new buying continued arm has carried advance along Seaboard points report no export business but say bids are close de despite despite despite de- de I spite recent rapid advances in wheat and advanced freights have ilave carried prices about 25 cents higher to the European buyers buyer The latter batter are awaiting developments Strong cash bids sent from here to soft winter wheat states and to Nebraska Ne Ne- e- e braska have brought no acceptances Omaha reported selling for export direct and doing less les than the usual amount of hedging I Corn scored the tile hi highest hEst prices of the year for July A bulge in prices here brought a great rush of corn from the tile country countr as well as forcing a large number of shorts to cover September congestion was again pronounced pro pro- pro pro-I and the speculative activity ity In It was pronounced also There was wasa I a big trade in December much of the buying being from local speculative sources and comparatively little from I the country Dry weather was reported report report- ed in Kansas doing little damage as a 0 rule the corn corp not yet being re regarded regarded regarded re- re as hurt There was fair fairly liberal trade in oats Buying BuYing- of futures was by export concerns concerns con con- cerns and values were helped by wheat and corn advances Some of the tile cash concerns sold September expecting larger arrivals als soon SOOil Some caution was exercised f because of the tile possibility that black rust may extend to oat fields in the large producing states statE's of ot the Northwest Open Open- High I Low Low- ow Close Wheat Sept 11 I f 1 Dec J 22 I Corn Corn Corn- Sept 77 77 CT iSi 77 i 77 77 8 D Dec I 65 66 65 6 65 Sept O 0 41 H 40 41 n 42 K 43 42 43 July 2610 26 in 2610 Sept Seat 2487 2457 2497 2491 ST 24 2487 2457 Sept 1257 67 12 1255 SS 1267 1285 1255 O nibs nibs- t 1267 1282 1252 1267 67 82 1 I luly UJ gJ 1343 1347 1 Ug 1345 1347 1345 tg |