The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-04-16
Better Weather Encourages the
Bears -May Wheat Sells
Off to 931Ac.
Minneapolis Men in Southwest Say
the Situation Is Hard to
Size Up.
Commercial West Says Period Of
Good Weather Absolutely
Necessary.

MINNEAPOLIS Chamber Of Commerce,
April 16-Wheat was off again on better
weather and an improved outlook IN
general. There was some very cold tenn
peratures southwest OF here, but the
trade took the view that the wheat 1s
not far enoug along to be hurt by 1t.
The Kansas state report was out and the
condition for Kansas was placed at 83,
against the recent government condition
OF rs. This difference Of five points in
state and governmental view, encouraged
the bears little. The bulls stood on
the proposition that whether 1t Is 70 OF
SO, the comparison with Kansas con-
dition Of 80 In December last and of 81
In April a year ago Is not encouraging for
a. big yield. Reports from winter wheat
territory are very conflicting. Some are
sensationally bad, others good, yet 1t is
likely that in the main all are fairly re-
liable There is very bad area In Kan
sas and it Is important area. An OBJ
server going over 1t would naturally send
out pessimistic reports Other countries
are promising well in places, all things
considered, and messages from such local
tities read very we'll. A really compre-
hensive and reliable size-up Of a winter
wheat crop is not an easy thing IN April
In any season, and Minneapolis grain men
Ewiring from the southwest say it is rather
more difficult than ever this year, on
account of the wide difference in the
condition in localities not far removed.
The northwest situation is not changed
at all, and all depends now upon the
Iweather. To-day started in well. Let
good weather continue for a week or so
and it will be possible to form a better
idea to the approximate wheat acre
age compared with last year. But no more
bad weather must come now, or there
Twill be a first-c class scare on in shortorder.
The Comercial West says: lone mistake
kJoo 10 II,
ing the fightin strength Of Japan. The
present menace to the next wheat crop
should be regarded as an enemy, and It's
possibilities for harm should therefore
not be underestimated. 1t is certainly
to be hoped that the northwest will raise
a full crop of wheat this year, and as yet
there IS no positive assurance that 1t will
not; yet the fact remains that a period Of
good weather is not only necessary, but Is
rapidly becoming an absolute necessity.
In the Red river valley and other parts of
North Dakota and In Manitoba, there is
no prospect Of seeding before May l,
even with the best of weather. With a
continuance of the present unfavorable
weather 1T is useless to speculate on the
outcome
a Poehler says-In our experience we
have never seen especially good results
from very early seeding, as the grain at
the best does not get start until about
q hdy J., WINE SOIle VI IL 10
fore that time. With late seeding this
year, any time before May 1, we look for
the best results"
ST. Louis received 10000 blu to-day
against $4,000, and Kansas City $4,000,
against $4,000. Minneapolis had LOT cars
against 154, Duluth IL against II and Chi
cago II against 20. Primary receipts 222,-
900 blu against 291, 000 shipments 159, 900,
against $4,000. Wheat and flour clear
ances 100000 blu. Minneapolis elevator
stocks increased 236,756 bu. making the
present total Il, O47, 430 blu. For one day to
go into next weeks account, there is a
decrease Of $50 blu.
The market closed low, May at 931sc,
gully 93& @93Bo and September at s29sc