The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-05-27
Winter Wheat Is Said to Be Doing
Nicely Everywhere Except
in California.
Question of Increasing Receipts
After June 1 Now Being Dis
cussed Freely.
The Market Dull but Holding
Firm Against Much Bear
ish News.

Minneapolis Chamber OF Commerce,
May 27.-Interest in wheat Is now d.
rected principally towards consideration OF
the chances for increased receipts at Min
neapolis. It Is the regular thing to look
for an increase after June !. With farm
work about finished and the roads in good
condition. farmers usually bring out lit
tle old wheat. This year there may not
be an increase during June, as it Is COM
mon opinion that recent dollar wheat
cleaned up the country pretty well. Still,
II the Market Records estimate Of 2O,-
600, 900 bu old wheat still on the farms is
correct there ought to be something OF
an increase in receipts soon. Already the
figures are running little better, and to-
day and twice recently they passed the
last year run by q few cars. With this
It has been noticed that many more sales
to arrive are reported here, and this, the
bears say, Is always the first indication OF
larger receipts to come later. Ninety
three cents looks high to many traders
and certainly If there is to be a big In
crease In the movement to this market.
Minneapolis July wheat is a sale. But
the bulls only smile at the mention OF
larger receipts, and point to the decrease
in local stocks, which this week Is about
$4,000 blu, and brings the total down
around $500, 900 bu, and to the reports Of
better flour inquiry, and say that July
wheat will be a scarce article before July
comes around and that those who sell
It on the expectation that big local re-
ceipts will send 1t lower will be buying
1T back later on at higher prices.
Argentine shipments were not quite SO
heavy as expected, but India sent out
1910, 900 bu, against 1069,00O. Liverpool
was a fraction up. with dull trade re-
news on the whole to affect prices. Min
neapolis received 112 cars, against 1O4;
Duluth Fl, against 9, and Chicago II.
against 80. st. Louis had $4,000 bu,
against 33, coo, and Kansas City $4,000,
against $4,000.
Primary receipts were $4,000 bushels
against 254 900, and shipments were 100000
against $4,000 bushels.
Wheat and flour clearances to-day were
1900 bushels. Bradstreet's report wheat
and flour clearances for the week, 1,132,-
900 bushels; last week, 1926, 900; last year,
467S,00O Corn-This week, $4,000 BUSH
els; last week, $4,000; last year, 1,180, 900.
Shows weekly crop report says that
winter wheat conditions continue to i'm
prove and the present prospect for such
fields as are landing for harvest Is ma
terially better than month ago. Spring
wheat acreage Is somewhat larger than a
year ago, and the condition Is very high.
Local estimates OF oats acreage show
larger increase than was expected In the
Ohio valley, and moderate increase in
the Mississippi and Missouri valleys. To-
tai breadth probably the largest on REQ
ord Crop a little late in growth, but
coming forward rapidly and general aver
age fully up to normal Increase in corn
acreage promises to be very heavy, espe-
cially in Ohio, Indiana and Nebraska. A
little planting yet to be done on the low
lands.
The Modern Miller says weather con-
ditions have favored the winter wheat
crop except in California, where there
has been, some deterioration on account
of dry winds. The crop promise Is GIN
orally we'll maintained elsewhere, being
best in Missouri and the central Missts-
sippi valley states. In Indiana Ohio and
Michigan conditions are much better than
month ago, but indications are that
hardly more than an average crop can
be secured.
The market closed firm on little new
buying at the end. May closed at 94Ac,
July at $3.50 and September at 81%c.