The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-08-17
Predictions Made Of $1,25 Before
the Week Closes Even
Higher.
Frost Tonight Would Catch Al
most Half the North Dakota
Crop.
Low Temperatures Predicted
Market May Easily Run
Away.

Minneapolis Chamber of Commerce.
Aug. 17-All former records OF the greas
bull campaign We're smashed TINS morn
ing Minneapolis September wheat shoot
ing up by big jumps going TO si IL 10y
II o'clock. Conditions in the pit were
paniclsy Traders bought furiously TO
cover and for new account, and the mar
ket advanced aithout any setback worth
noting. Where it will all end no one now
bretends to say. Liverpool got scared
pver the outlook in the Canadian north
west and came 1B@2d higher at the
opening and 2B@2Ad up on second
cables Everything was against the crops
Not only does the rust appear to pc
spreading thru the Canadian crop, put
temperatures low enough to suggest fross
are in the prediction for tonight. Mean
while the weather has turSsad humid over
the northwest and there Sss been gen.
Ssal return to the climatic conditions that
Areed rust and cause 1t to spread. How
Snuch Of the sensational news OF this
morning was authentic and how much in
spfged by fear it was impossible to know
but if the reports in their entirety are
true by half conditions in the fields are
gleplorable. A runaway market may come
at any time. The oldest men in the trade
have given up trying to call the hlgh
point, and Sl.25 for September wheat
would surprise no one.
AS If to add to the strength, primary
receipts fell under last year at 100000
bu against $4,000 Minneapolis had
only 55 against 1913 cars, Duluth % against
8, and Chicago SO against 221. Kansas City
received only 295, 600 bu against $4,000;
st. Louis $4,000 against 10000. Local
stocks have decreased by 900 bus so
far on the week.
Clearances wheat and flour, $4,000 bu.
Snow wired from Fargo: Wheat looks
good and appearance fools even farmers
driving by. When you get into 1t find the
4 long heads are empty or hold only shrlV-
j eled berries. AS as threshing and
cutting is under way you will hear wall
that will make present talk sound con-
servative. Just enough rain last night to
dampen and give rust spores new loot
ing where it had ceased squirting during
past few days"
Snow wires from Fargo later in the day
that killing frost tonight in North Da-
kota would catch probably one-half the
crop that Is in bloom.
The weather map shows 1t raining at
Oklahoma City and Wichita. Springfield,
Mo, had az; Valentine, Neb., "a; Sioux
City, 5S; Rapid City, .20 Moorhead, .O6;
Bismarck, trace; Minnedosa, 10. Tenn
peratures: Canada SO to "a; 3S at Mime
dosa, with a minimum Of So with heavy
fog; North Dakota, AZ to 81; AZ at Willis
ton; Minnesota, 90 to 81: South Dakota,
5S; Iowa, 66 to 6S; Nebraska, 60 to II;
Kansas, Sc to TO; Missouri, ~; Illinois, 70
to r.
The forecast Is as follows Minnesota,
partly cloudy cooler tonight with hight
frost probable in north portion; North Da-
kota generally fair, light frost probable
tonight; South Dakota; partly cloudy,
cooler; Nebraska, unsettled, local showers,
cooler; Kansas, Missouri, local showers
Illinois, Indiana, Iowa, Wisconsin, Mlchi-
gan, partly cloudy with showers.
September closed at S113ss @1.131a; De-
cember $1.103s @1.1Oh; May, sl.11Ss @
1.111a.