The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-04-14
The Red River Valley Away Be-
hind and Winter Wheat Less
Favorable.
May Wheat Sells to 95l4c-Flour
Mills to Resume in Part on
Monday.
IA Sensational Winter Wheat Re-
port From Kansas-A Firm
Close.

MINNEAPOLIS Chamber of Commerce,
April 4.-Bad crop reports were on tap
this morning, and In consequence May
wheat was up early to 95c, with the ap-
pearance of heading still higher. The
Red River valley had more snow. By
10:15 there was half an inch in the terri
tory between Grand Forks and Fargo. and
Fergus Falls had snow furry This
snow can not in itself hurt anything.
But the grain trade had figured that with
the unusual quantity Of snow and Ice
already on the ground seeding 1s bound
to be late in any case. The valley mas
got to have thawing weather first. Then
will come a period of mud and sickness.
Then the dry-up and seeding. AS mat
tiers stood to last night there was no show
FOR an early start even with good weather,
but as late seeding Is not necessarily bad
the trade went ahead on the basis that
the northwest has raised splendid crops
in years past on late seeding, and there
is no reason why it should not be done
this year But the snow this morning
put matters into a more serious light.
This is April IA, and to get into shape
by May l the Red River valley ought to
have thaw soon instead OF more snow
From the southwest there was news of
a sensational nature so bad. in fact, that
it was taken with some hesitation. New
ell c. Knight Of Chicago, member of
ord as seeing no show for more than so
per cent of crop In Kansas, even with
perfect weather from now on. Mr.. Knight
has something Of a reputation as statls-
tfcian in matters financial, but Is little
new to the northwest trade a crop ex
pert. This sort Of talk. however, COM
ing thru people whose reliability and hon
est intent Is at least not In question could
not fail to have effect. OF the situation
Tor the past week the Price Current says
the wheat crop condition is maintained
or slightly improved. Some decline in
parts of Indiana and Ohio. Improvement
south and west. Oats seeding and plow
ing is much delayed by wet ground. The
season Is one to two weeks late. All
grain movement Is light to moderate. The
Broomhall weekly foreign crop summary
shows European conditions good but a
London cable says that reports from
Buenos Aires indicate that corn for a
distance Of 100 miles to the northward
and westward of that center has been
severely damaged by drought.
Receipts here were 107 cars against no.
at Duluth "a against II, and in Chicago
against ID. Kansas City received 80 900
bushels against 56, 900, and st. Louis IL, 900
against $4,000. Minneapolis elevator
stocks have increased ITS, 600 bushels SO
far this week. ....
Primary receipts were 242,OOO bushels
against 256,OOO, and shipments were 220, 900
against $4,000. Wheat and flour clear
ances were SO, 900 bushels
J. W. Rush has a statistical article in
the current Northwestern Miller based on
consumption and supply figures in the
worlds outlook, and rather adorable to
the strong view Of the situation.
The -four mills will resume grinding in
part on Monday next About half the
capacity will be operated.
Near the close 1t was the pOssip that
Kaufman the ST. Louis trader was buyina
in short wheat
May closed at 95c@951ac: July at $50
Beptember at S41a @s45sc
Elevators took the bulk of the cash
stuff, the mllers buying little.