The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-06-20
July Hats at 92c and Turns
Back Up to s27s@93c,
Closing 9234c.
Receipts Light, Flour Mills Grind
ing and Other Strong Items
Noted.
Visible Report Delayed - Big
Local Buying Of September
Wheat.

Minneapolis Chamber Of Commerce,
June 20.-Wheat acted little better at
the opening of business for the new week
and there was much to Indicate that nqul'
dation was over in July. That option was
down to 92c again, but did not go under
and was back shortly to 92Rc Domestic
conditions were not materially changed
from last week and northwestern crop re-
ports were uniformally favorable. The
principal strengthening item Of the early
morning came from abroad. Rumanla
Is said to have a crop promise very poor
and fully bearing out earlier reports OF
drought. One authority makes the Ru-
manian yield only about half OF an ord1-
nary crop while the Hungarian wheat
crop Is estimated to be approximately
33, 900, 900 blu under last year. Another
important item was the early morning re-
port from Duluth which stated that the
general tone of the market was better,
that foreigners displayed more willingness
to buy and that late on Saturday 10 loadS
of Manitoba wheat were sold for export
and also a cargo Of No. 1 northern to go
to an eastern miller. The fact that Buda-
pest was up equal to 1Ac was taken to
moan that there was something TO the
talk of bad conditions in eastern Europe,
but other foreign markets We're not at
fected. Liverpool, however, was UNI
changed, which was really a strong show
Ing in view Of the American declines OF
Saturday. Spring wheat reports made
mention of quick growth and weeds in the
fields and Illinois said there was rust In
places, but nothing very serious came
along this line. The forecast for tonight
and Tuesday Is for showers in Kansas,
Nebras ska, Missouri and Iowa. Some ner-
yousness Is shown over the possibility OF
a wet harvest. The statistics of the day
were rather favorable to strength. The
quantity Of wheat on passage at 81, $50, 600
bu decreased by 2,632O00 blu. Worlds
shipments were LOGS, 600 bu under a week
ago and almost 1000, 900 bu under year
ago. Receipts here were 302 cars, against
327; at Duluth 80, against "a, and at Chi
cago 27, against 10. Kansas City had 10000
bu, against $4,000, and shipped 1000 bu,
against none. st. Louis had $4,000 bu,
compared with $4,000, and shipped $4,000,
against 5000. Minneapolis elevator stocks
decreased for two days by $4,000 blu. Pri-
mary receipts totaed 1902 900 bu, against
469, 900; shipments EFT, 900 bu against 391,-
OOO Clearances, wheat and flour, $1,000
bushels.
Cash business Saturday was 5000 bu
No. northern wheat at 10c over old July
In store, Chicago; 5000 bu No. hard,
5000 bu No. 3 hard at $50 and 10000 bu
No. 8 spring. Sales Of corn were $4,000
blu No. and oats, $4,000 bu white clipped
sold in small lots. There were sales of
$4,000 blu Manitoba wheat for shipment
from Fort William at equal to about soc
there.
Later figures raised the wheat ana hour
clearances to $4,000 blu.
The visible report failed to come up to
closing time. .a
The forecast in full Is as follows: Kan
sas, Nebraska, Wisconsin, Iowa, showers
tonight and Tuesday. illinois, Michigan,
Missouri, Indiana, showers and thunder
storms tonight cooler Tuesday. Dakotas
Minnesota, fair.
July closed at 92Ac; September, 5000
S0Bc, and December, 1880.
The visible supply shows: Wheat, de-
crease $4,000 bu: corn increase 10000
bu; but this is with Fort William, Port
Arthur, lakes and canal to hear from. II
looks like good decrease in wheat wher
al reports are in.