The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-12-02
Wheat Up on Continued Bad Re
ports and Expectation Of a
Low Condition.
The Figures Not Due for a Week,
but Traders Already Very
Nervous.
Big Deliveries to Chicago Firms
Another Help-May Wheat
$1.131s.

Minneapolis Chamber Of Commerce, Dec. a.
new influence showed itself the strong side
OF wheat today, and talk of the forthcoming gov
eminent report and its possibilities went around
with the result that May wheat worked to
above S1.12 and held there to noon. The ques-
ton Of what the report will show is timely, for
Monday will be the 9th, and the 10th, or the
close of the week, will bring the report, and it
As not too to begint to think about 1t. This
report will give the acreage and condition OF
the winter wheat crop, and will be the hrst OF
fc1al guide to the situation For weeks much
has been heard of the damage from dry weather,
and this has been accompanied by hessian fly re-
podts. The trade has thought principally or
Kansas and the southwest in this connection,
but the dry weather has been very general, and
nearly every winter wheat state has sent some
complaint. Kentucky, Indiana, Ohio and Penn
sylvania have suffered, and the reports have
been coming from far east we'll as from Ne
braska, Missouri and Kansas. Mony letters have
been received and many Geographic advices and
some have made the damage very serious, others
taking the view that while the situation was IN
favorable, nothing irreparable in the way OF
plant injury was to be found From all the
news it has been matter of extreme difficulty
to form satisfactory consusions, and the govern
figures will be awaited with the greatest interest
The average condition of winter wheat In the
Dec. 10 report for ten years has been 927. Last
year 1t 866, and thereupon began bull
market. Last year the acreage was of by about
8 per cent, leaving 80. 900, 900 acres in all, and
this was a strong feature. The forthcoming
report will give the acreage not much above last
year, and the condition Dec. I low, is the
IL
bullish In Its effect upon the market Is what
the trade cannot understand OF late SO much
has been heard Of accumulation OF stocks, the
closing down Of fourmis, and other bearish
things, that not somuch attention has been paid
to the new winter crop condition as would ordi-
narily have been the case. This morning the
trade began to show signs Of nervousness and In
creasing interest -
The taking over yesterday of round lots
December delivery by Chicago houses was another
strong influence. 1t scared the shorts and some
bought in their wheat
Minneapolis received e32 cars against $50, Du-
luth SS cars against 145, and Chicago Is cars
gainst &c. Winnipeg had 2os cars against ia
St. Louis received 81, 600 bu against 81, 900, and
Kansas City 81 900 bu against 151, 900.
Liverpool was SD lower.
India is shipping heavily and Broomhan est1-
mates the movement for the week at 3,144,O 600
Primary receipts were e2e,ooo bu against
i,064,OO0. ClearaDces for the day, $4,000 bu
and for the week, 2,109, 90 bu.
The monthly government weather report for
central Illinois was compiled yesterday. 1t
shows that last month was the driest November
ing during the month The drought is becoming
serious. Cisterns empty and the water sup
ply of many small cities is threatened Extra
precautions are being taken to avoid fire. All
the small streams of central Illinois have been
dry since early in the fall.
Officials Of railroads entering Columbus, Ohio,
cay the seven weeks drought has compelled
them to husband their water supply, and pas
senger trains are ordered to cover twice the
usual distance before taking water. Weather
bureau officials report that the last month was
the driest since 1873, when the bureau
tablished at Columbus. There only Is of
an inch precipitation, the nearest to this record
in quarter of century being in November
1901, when the precipitation was SO of ar
Inch -t~a4 H. - -l--S S. -saEas@AE
Y 4 Scottdale, Pa says that, owing to the water
shortage caused by the continued drought in the
Connelsville coke region, six large plants aggre
eating $500 ovens, are closed and many other
plants badly crippled
4 Kansas City wired: There is no more sign Of
rain than there has been in the
past month. Skies clear all over the west.
The Modern Miller says: Moisture continues
lacking in the entire winter wheat belt east Of
the Rockies, and the plant is suffering in thu
southeast, where damage is reported. Rain O.
snow In the future is needed to relieve tn.
crop everywhere. 3,
The forecast: Minnesota-Fair and colder
North Dakota-Fair tonight and Saturday; cold
er. South Dakota-Snow durries and colder
cold wave in eastern portoion Saturday. Iowa
Snow hurries and colder tonight, followed b,
fair Saturday. cold south and in extrem
east tonight. Nebraska and Kansas-Snow fur
ries; cold wave Illinois, Indiana Michigan an,
Wisconsin-snow tonight and possibly Saturday
cold wave. Missouri-Snow tonight; fair Sat
urday; cold wave. ..
December closed at $1.o9%, and May a
S1.13B @1.13A.