The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-07-22
September Wheat Sells to 1890, but
Falls Again, Selling
Under 741lsc.
Conflicting Crop News, and the Ten
dency Appears More I'm
certain.
Statistics All Bullish-Primary Re-
ceipts Light and New Wheat
Still Scarce.

Minneapolis Chamber Of Commerce,
July 22-This morning the crop news was
of a more conflicting nature and the
I. wheat market in consequence more I'M
settled. The tendency, when the market
opened was upward. and September
touched 1880 on slow. steady rise, but
1T was difficult to maintain it there. The
! news coming in direct to Minneapolis
houses. or originating here. had more Ell
feet than any other, and it was less ia
vorable on the whole than Of late. the
! Chicago ord-Herald Of this morning
had the report of Verhoer, the local rep
Preventative of Milmine, who put himself
fon record in opposition to the government
weekly review Of yesterday. which had
said the wheat in parts OF the Red river
valley was hurt beyond recovery Thls
land other messag es sent from here giving
the crop promise as improved, had
bearish effect. All houses had reports
from South Dakota that were fine. but the
messages to Wood from the Red river
valley were Of a contrary nature and
showed that despite the more favorable
aspect on the whole there are many To-
calities that are In bad shape. From
abroad came advices to Brooks-G r1nlths
Of the pressure of Roumanian and Rus
sian wheat upon the Antwerp market and
of the difficulty Of selling American wheat
in competition There was on the whole,
much to depress the market and that 1t
held so we'll was due to the incoming OF
q new buying interest over night. After
the new orders to buy had been filled and
the shorts had covered, the market sagged
and at noon September was back around
t74hc.
Bradstreet's report of the change in the
worlds visible supply shows decrease
of 2,22SO00 bushels of which 1928, 900
is in the quantity east Of the Rockies.
and 800, 900 bushels In the quantity in
Europe and afoat. Some Of the princ1-
pal decreases in Bradstreets were as fol-
lows: sos. 900 in Manitoba, $4,000 in Port
Huron, 5000 in Depot Harbor, 10000 In
East st. Louis, IS. 900 in Milwaukee pri-
waite elevators. $4,000 at Akron. Prin-
cipal increases were $4,000 In Chicago,
private elevators, and 10000 at Dallas,
Texas.
cellent for corn growth and for cutting
of small grains. There were rains IN Ne
braska and portions Of Kansas and South
Dakota, also some rain in central Mis-
souri, northern Illinois and Indiana and
the southeast. Temperatures are season
able except that they are warm in the
southwest.
The reports say that Kansas City re-
ceipts are lighter on account of the con-
dition Of railroads which are not exag-
gerated. They are having great difficulty
in getting new wheat purchases for
warded. Whatever may be the reason
for the light run it is certain that there
has been no little disappointment over the
showing to date. To-day the primary re-
ceipts total only 4S7, 900 bushels, while g
year ago to-day they were 1,078,00(
bushels. Toledo is getting little wheat
st. Louis had in all 122, 900 bushels agains
211,0O0, and Kansas City 1O7 cars, agains
21s, Minneapolis received 100 cars agains
217, and Duluth had only II against 112
Minneapolis stocks have lost 1000
bushels so far this week.
Near the close the market fell off sharp
1y full selling. September was checked
at 74@74Bc and closed at 74Ac.
Clearances wheat and flour, 101, 900 bu.
Liverpool closed 1Ad higher.