The Minneapolis journal., 1902-06-28
GOOD CLEARANCES HELP WHEAT
The Weather in France Not Quite
. So Favorable-Too Much
Moisture In General.
LOCAL STOCKS NOW $3.50, $50 BU.
Clearnnces 100000 Bu.-COmmercial
West Says the Northwest
Outlook Is Good.

Minneapolis Chamber of Commerce,
June 2S.-Wheat was firm again at the
opening this morning. starting fractional
ly higher. The first news Of the day
brought Paris cable saying the weather
In France had again turned unfavorabie.
In Chicago the corn market was strong
and excited with an early scramble for
cover this on the continued wet and colo
weather. Texas corn is benefited by the
rains, but elsewhere the weather Is holo-
ing back development. The local Wneat
market was quiet with trading principally
in September. Indications point to con-
tinuation of general rains for the next
twenty -four hours. The barometer lines
on the map are about the same as yester-
day. st. Louis reported rain all night IN
that vicinity. Des Moines, Iowa, wired
that the weather was cold and raining
last night temperatures 55 to oO, ana
farmers say oats are beginning to rust.
Tono wet to cultivate corn. Farmers are
alarmed over harvest prospects. Del1v-
cries of new contract oats will be very
- small. even with perfect conditions from
now on.
Burlington, Iowa, reported the heaviest
rains Of the season. Chicago had some
cash business early and sold 10000 bush
els No. l northern at 1c over July. Be-
fore the market closed a London cable
said France was renewing inquiry for
wheat cargoes. .Clearances showed the
total of 1857 900 bushels for wheat ana
flour which was a help.
The Commercial West reviews the crop
outlook and says that the general prospect
is highly favorable. For the whole area
the rainfall has been ample, and in some
localities there has been even more than
Is good for the plants. 1t Is too early as
yet. says the review, to hazard an opinion
as to the effect of this superabundance
of moisture in places, but it Will not be
surprising If some bad effect is seen to
result at heading time. Allowing for this
possibility the only apparent danger is
from hot winds. If these do not appear
the Commercial West sees no reason to
look for any setback and says expectation
OF bountiful harvest is warranted, based
on present conditions. Ill.,. l..
Locally there were PSI cars in the re-
ceipts, against 231 last year, while Du-
luth had 81 against a. At primary points
receipts ran to 100000 bushels, against
551 900 last year, and shipments were
$40, 0,O0O against 761, 900. The expectation
is for decrease of about 100000 in the
visible figures on Monday, and it is ex-
pecteu worlds shipments will run to
about 100000 bushels, againt S,S52,OOO
fell off by 243,156 bushels, making the
present total 5,6S9,670 bushels. u.
July closed at 751ac September, 70B@
7OAc. December, as@70Rc. . ..'',....
There was fair demand for cash
wheat No l northern held at 1c over
July and No. 2 northern &c under: No.
wheat ranged from &c to 4c under July.
76Ac, some few cars as high as TIC. NO
2 northern averaged 73R@733sc, NO.
wheat sold from 72Ac down to 70c. Re-
jected ranged from zoe to Csc and nc
grade from roc for good lots down tc
CSC for bin burned lots. X