The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-09
Better News From Kansas Min
neapolis September Breaks to
Around 8414c.
The Bears Got Bold Again and
Predict Run of Depressing
News Soon.
Government Report, to Come
Monday, Expected to Help
Them Out.

i MINNEAPOLIS Chamber of Commerce,
July 9.-Wheat took another backward
slide todoy and was down under e47sc
for September early In the session, ana
looked at the time as II heaaeo tot s1o
or lower. Two things were In mind Tor
q end of the week traders. There was 1he
Z consideration that over Sunday last week
the weather turned bad and Doom
started, and the chances are tnat over
tomorrow the weather Will settle ana snow
UP more favorably to open the new week.
The government report will also come out
on Monday. and some were afraid that
this will be q rather bearish document
and that the July 1 condition Will pc
shown to have been high one. Inc
boom is off for the present, say the pears
and the next thing to be expected Is d
!. weight Of bearish reports and hgures
n tanent the dull export trade and inability
to do business at high prices. Already
something Of the sort Is seen. captain
Phillips wired from Kansas that despite
the rains and floods the state will have
@ big crop, and Nicollet of the Kansas
, City Star, who got a little sensational
when the bad news piled in, now says that
20 per cent loss of wheat in Kansas is
q a conservative estimate. The grade OF
Y the balance is damaged There Will not
be much Of a movement Of wheat in Kan
sas City for the next ten days. rms Is
all dependent on having good weather.
+ Rains would easily make it much worse.
Writing for the Commercial West, Roll
lin E. Smith says: Some OF the pears
. regard the situation as not serious, ana
Z compare it to last years flood scare. 1t
should be remembered, however, that the
floods of 1908 came in the first week OF
June while at the present time the grain
< is ripe. Certainly nothing could be a
greater menace to yield than yet fields
&. when the grain Is waiting to be cut.
Actual loss Of bushels will be very great
'S1yifh oh doubtless
that bright weather would cause sharp
probably temporary, break In prices, but
: 1T would not restore wheat actually loSt
The weather map shows the extreme
north and northwest fair to clear, AZ tC
g. with local showers; northwest, gen
orally clear, Sc to sc, local rains. Mime
sofa, South Dakota, west and southwest
partly cloudy and generally higher tenn
4 peratures, IS to "a. General rains II
Missouri and Oklahoma; local in Iowa
and Kansas. Generally clear in Kansas
Nebraska and Oklahoma. The Ohio val
ley is cloudy, SIS to r. with general rains
4 Weather map more favorable. .s
Local stocks decreased by 65,977 b.
for the week. leaving 5,829921 blu In store
For one day, to go into next weeks re
port, the decrease is 10000 bu Minneap
oils received 124 cars against 166, Du
1uth IS against 25 and Chicago agains
IA. Kansas City had 1000 blu against 81,
900, and ST. Louis $4,000 against 1000
Primary receipts were ISL, 900 bu agains
332, 900 and shipments were 100000 b
against 273000 Clearances, $1,000 bu
Following is the forecast: Kansas Mis-
souri,. Nebraska, Iowa. Minnesota and tn
Enthusiastically fair and warmer. I'LL
nois, Indiana and Michigan-Local show
ers and cloudy.
Kansas City wired "Water is goin
slowly, about a foot lower than yester
day. With good weather we believe har
vest will be general again in three or fou
days. It is in full blast today IA Ell
county and around Great Bend. At Al
thony they report that threshing can
resumed by Tuesday. Report from Co
I feyville says it will be two weeks befol
the ground can dry out"
July closed at 96ssc, September at "a
~. .dD84%c and December at S1R 0S2c.