The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-03

December Goes Under $1.09 sat
the Close-Mews Of the
Day. =.

i! Minneanolis Chamber of Commerce.,
Sent aMWheat fell off to close the
Week. December going just under
$I.O9 at the close. The buying power !
Was limited this morning on ace aee0n erow Cd
the holiday Monday Inc i0e and Corn corn
and with better weather and prospects
If good receipts showing up. TUESDAY
IN tbe three days Accommodations, were
Free sellers. Chicago was bearlsh ana ana
led other markets on the decline MP Pas
receipts for Sunday was the cry. Ana'
fsh was shown in an opinion drawn ~
wire from Theron Logan, who says
can see nothing in the reports 1roha
the threshing machines, taken as
whols-.to materially change expecta-
tions so far as our wheat crop Is con
cerned. A, feature not appa al NJ ao ap
making quality, caused by shrunkenl
blighted kernels in the northWes:te;; 1
can see nothing in present cond1t!ons
tha4 does not warrant prevailing prices
for wheat. l am Of the opinion that
no radical decline can take pace DIV
this time ,.o
Despite all the talk of rust damage
and the low estimates as to the n nc
west yield, there are some VINO SUI pe-
Ieve a big crop possible: This morn
ing E. J. Turner, Commissioners OF agrl-
culture and laDOr oI Nol III a ~ ~
Who was in St. Paul, on his way to the
St. Louis fair, with an agricultural e .t
hibit. said he believes that the wheat
Vield in North Dakota will approximate
100000 900 bushels, fully as much Z, as II
not more than a ,year. ago. Mr.: latnel
says that altho the yield IN me eas than
usual. the crop in the western part IS
excellent, and the average Will equal
last year.
from sn ei HF + Tu fhy 9SfRi is 50 be
Ter than the average. In the eastern
Section, especially along the Red river,
rust caused great damage, and the yield
will be considerably below the average
1T is too early to tell just how much I9 T the
crop fell off in this section. MI. FUR
gner saws that the other crops are gener
ally good and that the farmers are pros
The Duluth Commercial Record says.
SsThe our-producing qualities OF th1!
southwestern wheat are not, as yet, SUI
kfciently we'll known to hazard an estl
mate, but the very lowest estimate i
khat an average Of five bushels to tn
\ ibarrel will be the most that any mil
Can expect to reach.
q Assuming the crop to be 5O,OOO.
A 900 bushels at the outside, and deduct
ing 20,O0O,00O bushels for seed, and W
lat that, some of it is absolutely useles
sfor milling. But: if, all could be pu
Unto mill on the basis suggested above
Ave bushels to the barrel, it would fa]
Hshort Of doing the. work OF a usus
scrop by iust911 per cent, or someth1n
sover 10000 900 bushels.
/; ssThe probabilities are that the see
,son s end will disclose the fact tina
1.-THE crop, as a whole, fell short OF fou
producing qualities by Is per cent,
around 20,000,0Oo bushels. This ,Woul
tsleaves us not over llO, 900 900 bushels
milling wheat, including the macaron
with interior milling requirements {
47O,OOO,0OO bushels and terminal
f7O,OOO,O0O bushels more, and an cas-
ern demand, thru Duluth, of 100000
to 100000 bushels, it looks as TT
some mills would not get within lor
distance of running capaeity.n
Primary receipts were 772, 200 bushel
with no comparison, Saturday, YET
ago, being part holiday. St. Louis 7
sceived 100000 bushels, Kansas City ~
900 bushels, Minneapolls l9o cars l.
.luth l6 and Chicago 90: :,
MINNEAPOLIS stocks decreased for Il
week. bv 2610S2 bushels, leaving 2,22'
1921 bushels in store, but for one day
figure into next week there is an !
crease of 10000 bushels.
The forecast reads as follows: Ii
nois, Indiana Missouri. lower Michiga
Minnesota, Iowa, North and South
kota, Nebraska, Montana, Kansas fa
and cooler tonight and Sunday. Upp
Michigan, fair tonight and Sunday: 6
cept Showers in north portion tonigl
Wisconsin, fair tonight and Sunda
with frost tonight.
December closed at $1.0SBM1.(
and Nav at $1.10Mm1I1.. .-.