The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-09-03
Weather Conditions Bad for Wheat
Threshing and for the Ma
turing Corn.
Rains Over the Northwest-Corn
Must Have Hot Forcing
Weather Soon.
big Holiday Ahead and the Coming
Government Report Cause
Hesitation.

Minneapolis Chamber of Commerce, Sept. a
ndifrerent cables hampered the wheat bulls this
morning. Yesterday the foreign strength was
an important influence for an advance here. This
was firm at the higher level, but the fact that
cables failed to come UP again on our advance
was discourasing to the host OF smaller bulls
who came in yesterday expecting continued
steady rise. Both December and September
were a shade of at the opening, at S1ssc and
s4hc, and while September moved back up
to S5c and December touched NC, there was
lack OF support and immediate reaction of
3ac The weather is bullish as ever, and yet
there was really not much to show, In actual re.
suits, of a bullish nature. The northwest had
isprinkles in many places. but the precipitation
was light. The map showed no heavy rains
at all Nevertheless, skies were cloudy every
where and the indications certainly bad for
threshing prospects and the movement The
forecast Is for cooler weather. This Is bad for
corn. and corn traders watching this care
fully. also wheat traders. for any sensa-
kional development in corn would be pretty GER
tain to a fleet wheat In some degree also. Re-
ports received direct this morning by Minneapolis
Fhouses from men in the corn belt were not
Encouraging. 1t Is not that the crop is dete-
rioratng. On the contrary, it is pulling ahead.
but under difficulties. The report of the Price
Current to-day. while stating that the corn con-
dition Is maintained. notes that the maturing
progress IL slow. This Is matter of the
greatest Importance. Hot forcing weather is
now needed to put the corn to the point of
Immunity from frost damage and this weather
has been missing. Is not here now. and from the
predictions would seem unlikely for some little
time. Meanwhile the trade is getting along into
most pronounced corn bull, Is borrowing any
trouble. and II frosts hold OF reasonably we'll
1.-THE will come out with a good average
crop. But this morning the facts that 1t Is
iRettng late in the season and that frosts would
splay the mischief were again recalled to mind
Fly the posted forecast for Minnesota, which was
for cooler weather and possible frosts in wes-
tern Minnesota. About 10 o'clock rains
were reported from Fargo and Hillsboro, and
from the valley the shift westward, and
by II o'clock Valley City. Enderlin and other
fsoo Line points reported rains. Between Nashua
and Lowry there rain.
Minneapolis received 16s to-day. a gain
hof 80 over the 1875 on this day last year. Chi
eago fell OF greatly, with only 11S against 531.
Duluth had 30 against 129. Kansas City re-
ceived 90 cars against So. and st. Louis $4,000
bu against $4,000 bu Primary receipts, $40, :
tbu, against $40. 900 bu. Wheat and -four clear
ances. les. 900 bu.
The two important things making for hesita-
ton are tho big holiday to come and the gov
eminent report Of Sept. 10. Since the prin-
cipal exchanges will close from tomorrow at
I :1b until Tuesday at 98O, there will be consid-
This the more timid holders fear. But they
may be wrong in their expectations Of big
receipts as were those who feared 600 on
Monday last, and found only 4s5. Should there
be 1000 In on Tuesday next, there would be
nothing bearish about 1t at all. Two years ago,
after a three-day holiday, 2.O4o cars were in the
Minneapolis receipts. 1t is hard to seen how
there can be any overwhelming rush of wheat in
the face Of this weather. Tuesday will be the
Sth, and Sept. 10 will come the government
report The more conservative traders were
Influenced by these considerations to go slow
for the time being but the average traders is a
bull on wheat, ready to take hold when hethinka
1t the right time. .
The market weakened near the close or
liquidation Of small lots. December sold off to
s0bc and closed at Sic. September declined
to $3.50, closing at S3Hc. May closed at SsM
0s3%c.
Splendid demand ruled for tho cash wheat al
15a@2c over September for No. 1 northern, and
September prices for No. northern. For No. !
to arrive. as high $3.50 was recorded, and
good.siZed lots sold at S6c.