The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-07-07
Temperatures on the Rise Thru the
Red River Valley and
Eastward.
Considerable Wheat Is Sufficiently
Well Developed to Stand
in Danger.
Bull News in General and Minneap-
oils September Wheat Up
to 1880.

Minneapolis Chamber Of Commerce,
July IA new factor developed wheat
this morning on the bull side. The wealth
err over the northwest was clear and the
skies cloudless from the Canadian line
down. The temperatures were high-not
alarmingly high, yet ranging from 75c at
Winnipeg to 94c at few Red river valley
points With this a high wind was blow
Ing, and naturally enough, the fear Of hot
winds and consequent damage took pos
session of the pit traders Pierre sent
the report of thermometer registering
104 In that vicinity and this increased the
nervousness. 1t Is not that excessive heat
at Pierre is anything important In itself
as that point lies to far out and there Is
practically no wheat around It, But the
wind was strong everywhere and there
was clearly the possibility of a hot wave
over the entire spring wheat area. The
question there was whether hot winds at
this time would do much harm, and while
there was some difference Of opinion on
this point and some traders thought it too
early in the season for material damage
to result. the pit shorts were not disposed
to take chances and wheat advanced again
touching 75c for September. being then
IN @1asc over the close Of yesterday and
2Mc UP from the close Of last week. A
sprlnkling Of new country buying orders
came into the pit.
While there were a number Of other i'm
portant strengthening factors in tho stu
alton, the northwest was mainly con-
cerned with the weather There Is no
question at all that the northwest is more
In position to be damaged by hot winds
this season than ordinarily. The vast area
is too immature yet to suffer seriously,
but there Is a strip Of country running
thru the Red river valley the North
Dakota side from Grafton down to below
Idillsboro and another strip running from
east Of Moorhead to Valley City and be-
yond. in which a considerable portion Of
the acreage shows wheat heading OUT and
In some instances pretty we'll headed, on
straw very short: and from 9 to 10 inches
high. Should a hot wave pass over this
territory material damage would be DONE
and the argument frequently heard that
1t Is too early for damage from this
source would not hold good for the double
reason that the long continued dry wealth
er forced the wheat to a head in the dis
tricts named, and that these strips in
question run thru the center of some of
the most important producing countries
in the northwest Hence the nervousness
was by no means unwarranted. The
spring wheat has already stood some
rather hard knocks. The idea that there
Is to be record breaking crop in the
northwest this year has been pretty gen
orally abandoned. That there will be q
bumper crop Is possible. Continued favor
able weather may do wonders. But the
present stand does not promise anything
phenomenal and many In the trade have
already settled into the belief that a
fair average yield in the three states Is
to be expected. with the possibility Of a
larger yield but nothing on which to build
up suchc assurances. Anything further
In the way of damage could not fall tc
ba strong incentive to higher prices
Only Sc cars were received here, against
136 last year, Duluth getting 70, against
1874. At primary points receipts were 219,-
600 bu, against $4,000 bu, and shipments
$4,000 bu against 351 900. Wheat anc
flour clearances equaled 81, 900 bu Min.
neapolis stocks have decreased 200 900 b,
so far this week Bradstreets figures 6
decrease Of 3.066,O00 bu in the worlds Wis
ible supply. Of which 1,766, 900 bu is in the
quantity east Of the Rocky mountains. ant
100000 blu in quantity in Europe and
af1oat.
That the government report Of the 10tl
will be bullish IS generally expected Tn,
Washington weekly report of to-day say!
early spring wheat sustained permanent
Injury from drought in North Dakota ant
Minnesota and that In southern Minnesota
and South Dakota, lodging and rust ar
reported, and that spring wheat is head
Ing in the Dakotas.
Near the close the market turned
stronger and September wheat sold tc
1870 closing at 76Ac
Cash wheat was in excellent dema nc
for the choice stuff. Receipts were ligh,
and only moderate quantity came or
SALE