The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-07-17
All Sorts Of Crop Estimates-Snow
Says US, 200, 900 Blu. Wheat
in All. =. --s.
BARTELs FIGURES e7o, 900, 900 Blu.
Bearish Gossip From St. Louis-The
Foreign Tone Is Slightly
Improved.

Minneapolis Chamber of Commerce, July II.
Wheat reacted slightly from yesterdays de-
cline, showing strength at times, but scored
no material advance up to noon. Prices we're
fractionally higher all around, September 60
ing to $3.50. July advanced more than the
other options. touching 761.c on trade, against
yesterdays close at 1850. The strength
seemed more the result Of natural reacuon
after several days OF decline. than anythlhs
else, and good part OF the gossip was peai
ish. Snow, the crop estimator, IS the hrst
man on deck with g. completed crop report,
covering the entire country. OF winter wheat
he says there Will be 425,00o,ooo pu ana ol
spring wheat 800, 0O0 900 bu, or '2o, ooe wv on
in all. There will be a big corn ylelo. LII -
nois and Iowa, he says. have each l''ooo'ooo
acres planted to corn. and the entire country
has 81. l1b 900 acres. On this the average con
dition is s21, 1t isza little early for an esti-
mate ON spring wheat. The report was &C
cepted with allowance for this ana was not
so bearish in effect as might nave Deen
expected st. Louis however, sent nloie
bearish gossip. Threshing returns from MIS-
souri,. it is said, are showing heavy yielos'
and St. Louis was inclined to sell on tnese'
The Price Current finds that winter Wheat ID
maturing about as expected, with the Quallty
in the Ohio valley very good ana IN senet a.
noorer west Of the Mississippi. Continental
markets were a shade hrner AlTefpoo1
closed 1s@Ad lower. ~
largo as expected, showing only 26l 'ooo ou'
At primary points receipts were 7os'ooo ou'
against $4,000 bu, and shipments 44l,ooV w.
AGAINST 444 900 bu. Minneapolis had l9z cars
AGAINST 1874 last year, and Duluth 80 against
20 last year. . s ,vao+her
Broomhau cabled-Contlnued me "ea'net
j.; Enoland~ and larger c. i. +: onerlhgs "
Eu-ona from America caused an opening de-
cline in wheat this morning OF $50 ana 40
The market had heavy unoertoAe anu i"
eased of I'D. Corn opened Ao n'shel VA
shorts covering, later remained uncna"se
Howard Bartels & Co.'S yearly repore W.
be given out to-day. Iney esIin'e
SUPPLIES in second hands 1O5,OOo,Ooc bushels
against 142,0ooOOO a year ago. Supplies in
farmers hands, 6o,OOO,O0O agnst S4.o0oOoo
last year. Worlds crops this year estimated
10000, 900 bushels above last year, and sup
plies 80, O0O 900 bushels less They estimate
this years crop 295 900, coo spring wheat and
S75, 0OO, 900 winter wheat; total, 67O,OOo,O0O.
At the close tho market was f1rmer, Sep
TENDER selling back up to 69AQ69bc, and
closing firm at that figure. December closed
ut 69Nc and July at 77sc.
No special change was noted in the trading
basis for cash wheat. There was a fairly
satisfactory market. little inquiry deVel-
oped for No. northern to arrive, but only
q moderate business was done, this at 1914
@76&c. No. 2 northern ranged from 74hc
for the extreme top to 73ac, but much OF
the trading was at the low figure and the
bulk went from 7a1sc to 73Ac. No. wheat
sold from 7212@73c. There was again
scarcity of wheat in the rejected grade, but
considerable no grade came on sale, the lat
ter ranging all the way from. 73c down to
CSC, and some very poor lots gong as 10"
as &c.