The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-16
The Market Has a Smashdown
and the seaboard Does a
Good Business. 81
O.. e -
Many Say Prices Are High, Yet
Someone Appears to Want
the Stuff. ~. ~
Minneapolis December Breaks to
s1.157s and AL Other op-.
lions Follow.

Minneapolis Chamber of Commerce. Sept. 10
Good weather and lower cables were against
grain prices today. The early market witnessed
d, slide from $117A to $1.161s for December,
$1I9 to $117A for May and $1.22B to $11SA
for September. Corn was weak and lower on the
better reports. and this weakened wheat. Broom
hall said the Liverpool weakness, which closed
that market I'D lower, was due to the re-
ported increase of 90 per cent In the wheat
acreage In Argentine. On the whole. there was
little to, encourage. new buying and much to
cause selling. and all markets suffered. In
the matter Of receipts the showing was not much
better Kansas City alone getting mote wheat
than a year ago, 211 900 bu, against 13S, 900.
St. Louis hnd 100000 against 1O3, 900, but this
years receipts covered two-day movement,
while last year the total was for one day.
Locally the showing was only 351 cars against
ATS, Duluth getting ISL against 239 and Chicago
AZ, against 50. General interest Is now much
larger in corn, it Is realized that upon any
decided turn In corn sentiment wheat will likely
follow. John Inglis writes from Norfolk, Neb.,
Sept. Is: Norfolk fifty miles north of Column
bus. fields more uneven. While apparently well
cared, there is a very heavy shock, points of
ears not filed, also a large percentage Of
imperfectly filled nubbins. Yield will be smaller
than percentage of condition indicates. No
frost this morning, but very cold Fires
An interesting illustration of how the north
western situation looks to outsider is found
In the following In the Memphis Times-Demo-
crat: Captain eastman africa, who owns
large cattle ranch near Camaguey, Cuba, ar
rived here last night on his way. to Cuba and
said: II have spent the last four months In
Dakota and Minnesota, in which states the wheat
crops are almost complete failures, owing to
cessive rains. In the Red river valley. always
famous for its great wheat yield, the farmers
are not wasting time money In harvesting
their crops, but with very few exceptions are
blowing up the fields and turning under the
grain, which would not yield three bushels to
the acre, where usually from Is to 80 bushels are
harvested. In place Of No. wheat which is
usually raised In that section. little of 1t passes
the No. grade, and fourth grade has been
established by the state board in Minneapolis
but even with this advantage large proper
ton OF the limited amount that is being harvest
ed will be rejected. The farmers in that section
look for 81 .25 wheat this winter. -
The Modern Miller says: 1.-The movement Of
winter wheat is we'll maintained, due to the
high prices prevailing at the accumulative GEN.
tiers. Largest portion of the grain that is being
marketed is low in weight, very little testing 20
lbs. Fall seeding still favored by perfect weather
conditions, large acreage and good start to the
new crop Is assured
Primary receipts o5s, 900 bu against 1857 900.
Clearances wheat and flour. $1,000 bu.
On the break SO loads Of wheat were sold for
export at the seaboard.
September closed at $1.17b, December at
A-15b and May wheat S1.16A @1.18N.