The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-06-06
WHEAT MET A FLOOD OF BEANSH REPORTS
But Was Stubborn Against Them
and July Closed a Trifle Firmer
@ at 72 sac.
MUCH RAIN OVER WINTER WHEAT
Continued Rain Might Delay Har-
- vestinG and Cause Light
Country ReceiOtk tstgS

Minneapolis Chamber of Commerce, June
! 6.-Wheat dragged again this morning, wait
ing for something to give it a start either
! way. July was 725sc, or steady at yester
days close After time the market gave
way under selling pressure and.July struck
721sc. A little hrmness arose from the rains
over the southwest. Des Moines wired that
there was a heavy fall over Iowa and too
much to give the best conditions for corn.
The other items from the winter wheat fields
were of weakening influence. Metropolis
: H., in with an early dispatch saying
wheat harvesting began this morning in
! Massae county, that conditions favor the
work and that the crop is excellent both
! as to quality and quantity. st. Louis said
there were indications of an early and heavy
wheat movement from the far southwest
The Missouri report for June was bearish.
, Wheat shows an average condition OF w
against SO year ago, and an average OF 70
for five years at this time. Corn shows an
average condition OF 81 against II last year
and 81 for tive-year average, and oats show
! IS against So last year and 10 for five years.
Snow joined in with an oats report in which
he said the oats condition is away above the
average and this acreage LOCO, 600 acres
larger than last year. On corn Snow finds
crop prospects fully satisfactory with an
acreage 10 per cent larger than that mar
vested last year. The Modern Miller was
! OF the same tenor, Excepting that there has
/ been too much rain in the section west OF the
! Mississippi river, weather conditions gen
; orally have been favorable. None Of the COM
plants of serious character AS rule
harvesting is progressing favorably in the
! southwestern part of the winter wheat belt,
and is gradually extending northward.
! Argentine cables via London said the con-
ditions there are better wheat. corn and
| fax. For the week Argentine shipped 66S, 900
+ bu against $4,000 last week and 1,0S2,0o0
yea: ago. g.. ...... ~,
Liverpool closed A@1ad lower on wheat and
3sd higher on corn.
: Clearapces equaled 2sS, 900 bu. At primary
points receipts were $4,000 bu aginst 645, 600
last year and shipments $4,000 blu against
10000 bu. Minneapolis received 245 cars
E against S15 last year, and Duluth II
against 26.
Too much rain was reported in the south
west and on kilograms from number Of
points saying that rain, if continued would
interfere with harvesting; strength developed
near the close. July sold to 72bc and closed
at 72&c. September reached 6sAc, closing
at the high point. Minneapolis December
wheat closed at $3.50 nominal. --...
The cash market was off again by a shade
on No. northern, most Of that grade going
at Nc under July. No. l went in part to
elevators, and milers were only moderate
buyers of any grades. For the lower grades
prices were satisfactory, No. selling at 71@
INC; rejected, $50 to tic, and no grade, from
6SAc down to 62kc. $50" .~'-
Close: July wheat, 7SAc; September 1870.
Corn-July, 677c; September, 641sc.