The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-06-21
July Wheat Goes from CSC Down
to 92c, Then Comes Back
Half Way.
Weather Still Very Fine and
Crop Reports Running Very
Favorable.
Kansas Estimate Large Mills
Running Receipts Still
Moderate.

Minneapolis Chamber Of Commerce,
June 21.-Support was lacking in wheat
this morning and July, having sold at 95c
early, was back shortly to 92Ac. Aside
from continued good weather and spring
wheat crop reports there was much bear
talk from the southwest. Kentucky Is now
said to show up better than earlier in the
month and Kansas Is reported in splendid
stand, Secretary Coburn of the State Ag-
ricultural society making the promised
yield S3, AGO. 900 blu. Jones was said to have
caused the selling out Of long wheat In
outside markets by an optimistic crop re-
port, but nothing came along here, altho
the wires all carried the information that
the Jones report was breaking wheat
When the report finally came it was found
to be stock market influencing analysis
purely and nothing was said of wheat be-
yond single paragraph reiterating the
statement that the wheat promise on the
whole Is not very favorable. The visible
report, delayed from yesterday. showed
decrease in wheat Of 2132, 900 bu and had
effect to hold the market steady and check
the decline.
|. Minneapolis stocks are off by $40, 900 bu
80 far on the week. Receipts here were
106 cars, against 210; at Duluth 81, against
Is, and in Chicago At, against 20. Kan
sas City had 81, 900 bu, against $4,000, and
shipped $4,000, against $4,000, while st.
Louis received 14,000.' against $4,000 and
shipped $4,000, against 5000 bu. Primary
receipts 10000 bu, against 3SS,000; ship
nnents $4,000, against POI, 900 bu.
The weekly foreign summary shows crop
conditions as q whole slightly improved.
In the United Kingdom the wheat crop is
progressing slowly. France-Weather has
Improved and crop prospects now gener
ally good. Germany-Some rains have fall
len since last report, but more Is urgently
needed Russia-An unofficial report
states that the outlook in the south,
southwest aud central territory is mostly
favorable. This embraces much Of the
Important wheat-growing territory. Ru-
1nania-Wheat crop now estimated at
only so to go per cent Of last year. Corn
needs abundant rain, which has fallen in
some parts. Spain-Severe storms have
damaged the crops North Amerlca-Pros-
poets most favorable.
Clearances, wheat and flour, 1921 900 bu
: The Illinois crop bulletin says corn did
not have rapid growth the past week, but
Is thrifty and well cultivated. Oats have
deteriorated from lack Of moisture and
warmth. Wheat has filled well and is
nearly ripe in the south, where harvest
begins this week.
The seaboard reports II loads wheat and
5 corn taken for export. Cash sales in
Chicago 5000 bu No. 1 northern wheat at
Csc.
The government crop bulletin said to
be very bearish, speaking Of very fine
conditions. The crowd sold wheat on it.
Bradstreets' makes the worlds visible
show decrease of 100000 blu east Of the
Rockies and 100000 bu in Europe and
afoat, total decrease Of 3,007,O blu.
A cablegram from London in answer
to offer Of Manitoba wheat from this side:
"Trade stagnant and orders impossible.
Total absence of demand; quotations
merely nominal"
July wheat closed at s2% @921zc; Sep
TENDER at S0hc and December at 1880.