The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-05-06
And the Bulls Claim It Has Only
Begun-July Touches $3.50
for High.
Bad Winter Wheat Crop Reports
Feature-Flour Mills to
Resume Monday.
Rains Over the Northwest Mod
ern Miller and Snow
Reports.

MINNEAPOLIS Chamber of Commerce,
May THE bulls had the advantage OF
good Liverpool response to start the DAY
with, and had little difficulty in holding
wheat firm on higher range than yes
terday's With the SD gain In Liverpool
came q number Of bull reports from Win
ter wheat states. Indiana sent some ana
Michigan also. but the big bull item came
from Ohio. That state Is now estimated
ito show condition of So. The last report,
that of April 1, made 1t 81, and a year
ago May the condition was 81. A few
shorts ran in early but they did not really
start buying until 92c was touched for
July, when they put it to 921ac very quick
lily. The trade has rather inclined TO the
view that the government report due
Tuesday next will show q better stand
than that Of April which made the win
ter wheat condition 1876. Improvement In
missouri Texas and Oklahoma has been
great enough to warrant such expectation.
But Ohio is off IA points, and all the ONO
valley states are probably lower In con-
dition, so it is by no means certain that
Improvement will be shown for the crop
as a whole. If, Snow Is anywhere near
right in his views, a big decline In con-
dition should be shown. for he claims that
Ohio has fallen off 70 points since April Il
Michigan 20 points, Indiana 10, Illinois
and Oklahoma Is. Kansas, he says, gains
i point and Nebraska l and Missouri Is
unchanged.
Rains over the northwest were good
thing, altho the bulls took some enoour-
agement from the fact that the precipi-
Itation in the Red River valley may stop
seeding temporarily at least. For the
northwest showers are predicted tonight,
with fair weather probable for Saturday.
The map shows heavy rains at Kansas
city; over inches. There was a heavy
rain at st. Paul and general rains In
the state of Minnesota, light general rains
in Nebraska and Iowa, light general rains
in Illinois and the Dakotas and good rain
at Wichita, Kan. Partly cloudy this morn
ing, with little lower temperatures In the
northwest. High temperatures prevail
thruout the west and southwest. In the
extreme north and northwest 1t Is partly
cloudy, with lower temperatures. "a to 40
above; precipitation .18 at Winnipeg. Pre-
cipitation in the Dakotas .01 to .04 and in
Minnesota .48 to 49, Raining at Duluth.
West and southwest partly cloudy.
Receipts here were AZ cars, against GO.
Duluth had 4, against 49,: Chicago 49,,
against "a; Kansas City, 49, 600 blu, against
$4,000, and st. Louis $4,000 blu, against
$4,000 blu. Primary receipts were 142 900
blu, against 100000, and shipments $4,000
bu, against 445, 900. Wheat and flour clear
ances 100000 blu.
The Modern Miller says replies to nu-
merous inquiries regarding changes IN
condition Of the winter wheat crop during
April show considerable decline In Ohio,
Michigan, Indiana Texas, Oklahoma and
Indian territory. Improvement is noted in
Illinois, Missouri, Tennessee, Kentucky
and Kansas, especially in central Kansas
and the central and eastern, sections of
the state. Conditions In the western part
of Kansas are poor. In Indiana, Michi-
gan and Ohio and Oklahoma, a large part
has been abandoned, but the loss else
where in this respect is small All states
report practically no wheat held by farm
ers except Kansas and reserves there are
unusually small. 81
Weekly wheat and flour clearances ao-
cording to Bradstreets were 1921 900 blu,
against 100000 last week and $4,000
a year ago.
The Kentucky state reports make the
conditions 60 against So last MONTH
Great strength was shown later on
and a good advance was scored, July
wheat going to 93A @93ssc. Shorts COW
cred hurriedly as the bad reports came In
July closed at $3.50 and September at
s1A@813sc. May closed at 92B @93c.