The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-09-11
Traders Find It Conformatory to the
Snes Report Of the Three
States.
September Jumps Two Cents and the
Other Options Follow in
Part.
Later the Market Declines-Cash
Wheat a Little Draggy
To-day.

Minneapolis Chamber of Commerce, Sept. H.
Wheat was frmer and higher this morning in
the face OF continued large receipts and many
other bearish Items. September made big squirt
ana the other options were higher we'll. Two
cents advance was scored early in September,
with sales to so1sc against tho close of s31sc
iast night The government report did the busi-
ness, not so much In itself IN the effect of it's
comparison. Traders took the government report
ana compared 1t with the figures in the Jones
port, and allowing for difference in acreage they
found very much similarity. The government re-
port In fact was generally accepted on the floor
ms confrmati ton OF the Jones report of month
ago In his report jones made the total yield
141 O000 Du and the criticism made that
his analysis of condition was too low Last year
the government final figures for the three state
crop Of 1902 showed 1S6,345 900 bu. This year
the government report shows decrease in con-
dtion equal to q ,2SS, 600 bu, that the govern
ment crop for 1908 figures out 165, 057, 600 bu.
Bushels.
Jones' estimate, 1908 ............. 147, 100, 900
government estimate. 1908 ....... 165,057 900
Deduct the government excess of .-
acreage which equals IA 900 900
ISL o57, 900
Deduct macaroni wheat which ~.
the Jones report does not In
Nctuue .............. 0QOOOUO
.... 14eo57 900
D1Herence ................ 1,O43 900
1471oo 900
FROM this Is appears that the government on
the same acreage as Jones' actually finds 1,043,
100 bu less than Jones found. This certainly
settles the question OF the reliability of the
Jones estimate of the yield and the point at
issue therefore devolves entirely into question
g Is correct, or the Jones acreage Is correct;
whether the Washington bureau, making Its re-
ports by rote, or Jones, going over the ground
can get 1T nearer right.
Minneapolis received SAG cars against 243;
Duluth 151 against 4O2 and Chicago 11S against
49, Kansas City received 200 cars against 200
and st. Louis 100000 bu against 146,0O bu.
Primary receipts totaled 1163,0O0 bu against
1,l2,OOO, and shipped $4,000 against 632,O oo
Clearances Of wheat and flour. 100000 bu.
The Modern Miller says good rains relieved the
drought conditions which have prevailed In the
Ohio valley, where fall blowing at stand
still. The seeding Of winter wheat is up to a
seasonable average The movement of soft win
ter wheat from the southwest and Of hard win
tor from Kansas and Nebraska is large, but
much of the grain from Nebraska is of an inferior
grade, owing to excessive rains during and
after harvest.
The board of agriculture Of st. Petersburg
Russia sent out the following corrected est-
mates: 4Gs 900 bu Of wheat this year as
compared with 6O5.OOO. 600 last year and TO-
600 900 bu of oats this year, as compared with
0T6, 900 bu last year.
Argentine shipments since Jan 1: Wheat, 81
900 bu, compared with Is, 1855, 900 last year;
corn. 46.2s1, 900 bu, compared with 2S,211,OOo
last year. -..- =. S.. . . =
The Record Herald figures the government re.
port follows :Wheat-September condition "a.
yield per acre. 1882 bu; acres, SO, 1854, 600; total
yield, $40. 4S4. 900. 49,. .-..' -'.
Corl,--septcmber condition, SOL; yield per
acre, 1922 bu; acres, s9,soo,ooo; total yield.
ZOSo,OOO.OUO.
- Oats-Septemter condition, 1871: yield per
acre, 261 bu; acres, 81 1892 900; total YIELD 721,
OS2, 900. '..
For the first time since the wheat movement
began the figures yesterday indicated the farm
ers had finally started their wheat to market The
totals ut the preliminary points Wednesday were
considerably larger than last year, but there was
come doubt as to just what period the wednesday
figures covered. There was no doubt as to the
meaning Of yesterdays total. 1t was a twenty
four hour n. ov emept and was good deal larger
than for the day last year. ~.s ....
Bradstreet's figures for weekly reports sho"
1O45 900 bu against 5,444, 900 last year.
Near the close the market was especially
weak, December sold of to T9Ac closing at low
point September closed at S4ssc, gain OF asc
Tor the day. while December lost A@asc com
pared with yesterday. May closed 1sc above yes
terday at S2hc. /.
The cash market rather unsatisfactory tc
sellers who had low grades to offer The goot
wheat sold fairly we'll. but even the No.
northern easier and lie over september wa,
about +he average price, No. 2 northern sold a
&c under September for some quantity ana
few sellers still had lots left near the close o.
ra1N