The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-07-24
September an Active Up and Down
Market Confined Within Mar
row Limits.
Shows Report and the Modern Mill
er Without Special New
Feature.
The Primary Movement Still Light
Corn Is Being Closely
Watched.

Minneapolis Chamber of Commerce, July
24.-The bulls found it a hard matter to
hold the wheat market to-day against
selling pressure which developed after an
hour of trading. To begin the day the Sep
TENDER option was up to 75c and FOR
time was firm, but on the selling the break
was quick to 74A@74ssc. Here the mar
ket stuck and was back up to 74Ac again
on some new buying. The crop news was
again rather conflicting, but not unfavor-
able on the whole. Winnipeg sent repe-
tition Of the old report that the Manitoba
yield will probably fall 100000 bu I'M
der last year. From the southwest there
was nothing disturbing Plenty OF news
/ and gossip came along Of the precar1ous
CONDITION of the corn crop, Of the danger OF
damage should hot winds blow, and OF the
! likelihood of hot winds developing under
| present weather conditions. Yet While the
| corn crop is unquestionably In ttckl1sh
| position and while any further material
damage to corn could hardly fail to affect
wheat, there Is nothing at this time to
suggest that there has been anything seri-
Gus as a result of the previous hot
weather. The bulls still have the advan-
| tage Of the light movement but it helps
them little now that general sentiment Is
on the bear side.
! Kansas City had 246 cars against 221
(, last year, but ST. Louis fell off with only
| 100, 600 blu against 1923, 900 bu Chicago had
| so cars against 26, Minneapolis 103 cars
against 1875, and Duluth Is against 81.
Even with increases at Chicago and Kan
! sas City the total primary receipts still
show falling off, to-day's reports aggre-
eating 751, 900 bu against !, 036, 900 bu.
Clearances wheat and flour $50, 900 blu.
Foreign markets were Indifferent. Liv-
erpool closed I'D lower
Local stocks have decreased 10000 bu
so far this week.
The official weather map shows much
cooler temperatures and cloudy weather In
the southwest. It is cloudy all over Kan
sas and temperatures are low. Concordia
and Dodge City have temperature this
morning of &c and Wichita of ~. 1t Is also
cloudy and cool in Nebraska and turnout
the northwest and clear elsewhere. Show
ers are not so general over the map as
they were few days ago.
Shows weekly report says: ''Tempera-
ture below normal ruled in the corn belt
until Wednesday. The warm wave now
moving is much needed. provided moisture
accompanies It, Rain is badly needed in
a considerable portion Of the Ohio valley.
in Missouri and, to a less pressing extent
In Kansas. Corn has hardly made a nor
NAL July growth so far this month and
the previous lateness has not been i'm
proved upon. The growth Is very un-
even and a large part of the crop will
come to silk and tassel after August. Win
ter wheat threshing conditions are disap-
pointing. The quality is good and there
is general disposition 10 QOlQ. lne
weather is favorable for spring wheat
filing and the crop looks better, but the
yield will be less than last year.
The Modern Miller says-Returns from
the hard winter wheat territory Of Kan
sas. Nebraska and Oklahoma. indicate
yield not altogether up to the highest ex
pectations entertained heretofore as t.
quantity. but excellent in quality
Threshing returns show that the yield
per acre in Oklahoma run as low as 121
and as high as 26 bushels and In Kansa
from 10 to 20 bushels; from Nebraska mos
replies refer to the prospective yield, a.
threshing has just begun, the. promis
generally being regarded as good. Farm
ers are inclined to hold wheat for bette
prices, but free movement is looked for
little later. Regarding soft winter whea
there is nothing in the threshing return
or in the movement to market to indicat
an enlargement of previous estimates O
the yield.
The market near the close became
typical scalping affair. varying CONSTANT
up and down by small changes. At til
close September was firm at 74Ac.
, Cash wheat sold at S5@35Ac for tn
No. 1 northern and at 82@S3c for the NJ
northern, some No. 2 selling under S2t
There was no change Of Importance in de
mand which Is barely fair.