The Minneapolis journal., 1904-08-25
Jones Says the Manitoba Crop
Will Not Total Over 42,00O,-
600 Bushels.
With Possibility That It May Not
Exceed s5,ooo,ooo Should
Frost Come.
Canadian Reports of a Bullish
Tenor From Other Sources
Also.

Minneapolis Chamber of Commerce,
Aug. 25.-Wheat went lower at the open
Ing this morning and apparently touched
bottom around $1.05A for December, for
there was quick rebound from that point
and prices were up Sc all around In a
short time. On the rise considerable short
wheat was bought In, hence the advance
was quick. The principal incentives We're
fair and cooler weather in prospect, which
may mean frosts and number OF reports
from the Canadian northwest making the
promised yield rather low. Even the grain
dealers, in session at Winnipeg, can sec
no big crop in sight, and their summary
sent to Montreal was for 44,00O,0O0 bu,
against 53, 600, 900 bu last year. Jones came
in from above the line, and the trade
waited to know II he had any figures to
give out. He says that with conditions
as they are it is almost beyond human
Judgment to make a close final estimate
at this time, but that the crop OF the.
Canadian northwest will not run above
$4,000, 900 bu for the total, against 53,000,.
600 bu a year ago, and an early promise
this year of 70,0O0,O00 bu. $50
The surprising thing about todays ad-
vance was the fact that 1t occurred IN
the face Of the most bearish foreign mar
kets seen in many day. Liverpool was
down 2asd at one time and closed 1Bd
lower. Berlin was off 1850, Budapest 1ac,
Antwerp Sc and Paris 30c. Not only
were the. European markets lower, but
ing.
Receipts here continue light, only 125
cars turning UP today, against 2S4 a year
ago. Duluth had cars, against 81, and
Chicago 100, against 81. st. Louis had
'd45,0O0 bu, against $4,000; Kansas City had
,totaled 723,00O bu, against $4,000, and
shipm $4,000 bu against $4,000 bu.
Wheat and flour clearanoes $4,000 bu.
The Price Current says: Important bet
terment Of the corn situation. Large crop,
probably 800, 900, 900 bu, Is practically as
sured. Only contingency serious early
Srosts. Northwest wheat reports confrma-
tory of injury, not essentially enlarging 1t.
Aggregate crop promise practically un :
changed. Enlarged wheat seeding indt-
Gated. Grain movement not consistent
with supplies and prices. Farmers specu-
llatively holding.
John Inglis writes from Manitoba under
date Of Aug %: I'VE had frost Satur-
day night. There Is no acreage to speak
of in Alberta Could only find one field
here and that was winter wheat. Part 6f
it was cut. Frost was severe enough to
-crinkle the berry. North to Edmonton
spring wheat must have suffered. Crop
will be light thru the territory as much
OF 1t is thin and short. Still cold, 36 this
morning ~ \
Duluth wired: 1.-THE tradet Is satisfied
there Is large part Of our crop which
cannot De uSed IOF llOuT DIT dll, buI III
have to go for feed. Some Of the sam
Piles we have seen are simply useless FOR
flour and Of the shrunken wheat it would
take more wheat for the same amount OF
flour than ever before. There is also the
prospect Of frost on wheat and Of wet
harvest which we have had for three
years.
The following came from Washington:
'When the wheat harvest Is measured
people will be startled by the results, =
declared a prominent official Of the de-
partment of agriculture. From all the in
formation I have been able to gather and
from personal inspection in the fields ]
can say that the reports Of great damage
by rust have not been exaggerated.
Geddes wired from Elm Creek, Mani
toba "Arcola to Souris fair: Soufs to
Glenboro, quite poor; Glenboro east, prac-
tically failure. Grain dealers now guess
northern crop not over forty Slillion.
The weather map shows light rains n
Canada, generally clear elsewhere Tern
peratures British Northwest territories
AZ to 46: Manitoba, 46 to 81: North Da-
kota, A to 48; Montana, 3S to 48: South
Dakota, so to 81; Minnesota, so to 56; Ne
braska. So to Ga: Iowa, 81 to 70: Kansas
68 to 10; Missouri, 70 to u; Illinois, 70 te
72. The forecast Is as follows: Illinois
Indiana Missouri, Wisconsin, Minnesota
Iowa, Dakotas; Nebraska, Kansas fai
and decidedly cooler tonight. Fair Friday
Michigan, showers and cooler tonight; fail
Friday.
September closed at s1.oSas; Decembe
at s1.071s and May at $1.09h