The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-13
Frost Predicted for Tonight and
the Trade Thrown into State
of Alarm.
Corn Would Be Injured Seriously
and It Would Not Help
Wheat Any.
Firm Cables, Light Receipts and
a Decidedly Better Demand
], for Flour.

Minnea nolis Chamber of Commerce. Sept ID
sThe greatest overnight advance in wheat since
1.-THE bull market began showed September tfaalhs
4 at $1.2591.26 at the opening this morning,
against Yesterdays close at S11Sas. A later
trade at $1.27 was followed by setback to
s2a Meanwhile new high P points we're sa mae
early above $1.19 and May crossing the Stu
line The market was nervous and panlcky on
i fear of general freeze over the west ana
northwest. Il fear warranted by the weather OF
last night and this morning, and the perdlctioh
1 for colder weather and frosts everywhere to-
might: shond the prediction come ont even In IN
3 no good to wheat. Should it come out In full
4 1t would be calamitous. The situation Is a
! very serious one and the markets were quick 10
respond. At Winnipeg rain fell from yesterday
! at 4 pm. all thru the night. Low temperatures
over the Canadian northwest. make freezeup
tonight quite possible The southwest has frost
prediction also and indeed the sftua ton could
2 scarcely be threatening for corn.
With all this bulshness in matters prospec-
3 tive. there are number of present factors max
! ing for strength. The foreign markets are fol-
lowing better and Liverpool higher again
+ this morning. that the difference between our
prices and prices for export are not widening but
/ on the contrary. were working together little
3 up to this morning. when Liverpool was 1asd
higher. Receipts light. Chicago had 257
4 cars against 1885, but Duluth got only 1S5 against
z 4O3 and Minneapolis only 231 against GAS
The result is shown in further decrease In Min
& neapos stocks of 100000 bu for half the week.
this at a time when stocks should be increasing.
IS More important tnan all Is the lucreaScu uehaAt
4 for -four. The mills doing more business
Buyers are 10th to pay the prices. but many arc
beginning to view the situation as legitimate an6
I are coming in. while others who still insist tina
s prices too high nevertheless sending II
( orders, for stocks low and they must have
4 the flour.
John Inglis wired from Norton. Kan, under
date of Sept. II follows: extreme western
counties half crop of corn, running from 20 tt
80 bu per Drying up; quality poor
Weather map showed it showing at GU Appelle
raining at Ainnedosa and Winnipeg. Tempera
lures in Northwest territories % to "a Mantle
oba. 36 to 4G: North Dakota. "a; Minnesota A t.
& ga: South Dakota. So to As: Iowa, 80 to 60; Ne
braska, A to S. Kansas. So to 6S; Missouri
81 to Sc: Illinois. IS to 50. 1t is raining a
Omaha, Sioux City, Des Moines and Kansas City
NICorhead had .5S and st. Paul OF. The fore
cast Is follows: Illinois Missouri. Wisconsin
Iowa. showers tonight, fair Wednesday; frost tC
night. Indiana lower Michigan. showers tonigh
adm Wednesday. Upper Michigan showers tonigh
and Wednesday; frost tonight. Montana. Mime
sofa, North and South Dakota. fair tonight. Ne
sbraska and Kansas, fair tonight and Wednesday
frost tonight. s ~ 4 . =
II Primary receipts sol 900 bu. against 1616O0
bu; shipments 65S,00O against $4,000. Whea
sand -four clearances, "a, GOO bu
September closed at $1.23h; December q
s$1.19A and May at S1.20%.