The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-12-21
s Argeutne's Crop Seriously HMbaired4
Wheat Traders Believe There
Must Have Been Much Dam
age from Rust.
Tohn Inglis Says the Yield Is Gut
Despite All Reports to the
Contrary.
Minneapolis Strong and Higher
local Receipts Run Lighter
Today.

Minneapolis Chamber of Commerce, Dec. IL
The question of the hour in the wheat trade is
How about Argentine? 10 the men who look
ahead this Is important than any one
other thing. II Argentine is to have big wheat
crop, 1t means one thing to prices; If poor one
it means another. Just how to get at the facts
Is the problem. Argentine Is not only down on
the other end of the world, but it Is country
where 1t Is not possible to get at the facts as
readily as in America. One thing is certain-the
crop has been impaired. Just how serious this
il to be will be known later. AS long ago as
Dec 6, Ernesto Danvers of Buenos Aires cabled
the Northwestern Miller: ''In Cordoba and Santa
harvest there is progressing slowly on account Of
wet weather; a large quantity of wheat Is in
shock and will be badly damaged by sproutlng
and continuation Of wet weather will do sert-
GUS damage to the crop. In these provinces the
crop will be light, and Of inferior quality. In
Buenos Aires and Entire Rios prospects are
magnificent" The Importance Of this was In the
admission that there was rust and a wet harvest.
While the report was conservative and not OF a
nature to cause alarm, since 1t Is known that
more wheat is raised in the provinces where Mr..
Danvers said the crop magnificent and that
tho other provinces are less important, 1t was
significant showing that Inglis. who had been
first to report rust, right, despite the denia1s
that appeared later. Since then a number Of
conflicting cable reports have appeared. as to
the weather and prospects, More recently ma
1ority Of such advices have read favOrably and
the impression has become rather general that
perhaps there was warrant for the bad news
In the first place. With reference to the damage
likely to follow its appearance, rust is hard
thing to size up at any time, and from this dis
tance 1t Is not easy to know what 1t has done
In Argentine. John Inglis has good reputation,
however. and his years of experiences ought to
make it possible for him to know whether or not
the wheat 10 doing well.
Watson sent out the following this morning
with reference to this matter: "Our private
Inglis Argentine cables do not agree with the
optimistic, advices thru other channels from that
country. There has been rust, blight and frost
over the northern provinces, and blight and frost
In ha vnOo Of a.
timated to five to ten bushels per acre in
the northern provinces, not counting extremes
Aires. cable received from Mr.. 1nglis this
morning, from Coronel suarez, reads: Fields
spotted by heavy trosts in sections. Late wheat
about 80 per cent in milk
1--WE give out these cables in full confidence of
their general accuracy. Mr.. Inglts is travelling
extensively. while senders Of moro optimistic
cables stationed in Rosario or Buenos Aires
We interpret the Inglis reports to mean that con.
siderable damage has resulted IN Argentina and
that with two million more acres the crop il
likely to fall little under last year.
Liverpool SOLID lower.
Canada sent in 80 cars this morning and other
receipts totaled 8os, making s9S here in all
which, compared with a66 year ago, looked
small: Duluth ran ahead. with III against IS
but Chicago fell to 2e against II. st. Louis
had $4,000 bu against 100, 900, and Kansas City
only $4,000 against $4,000. Winnipeg had Ia
cars. Minneapolis elevator stocks have increased
by 76O, 600 blu for four days"
Primary receipts, 64s,ooo bu against 1890,
900, and shipments 100000 against 2s4, 900.
New York sold rs loads of corn for export.
The weather map shows some scattered snow
in Canada and along the lakes. Temperature
seasonable and stationary. Generally clear else
where. Hhe forecast: Illinois, Indiana, Kan
sas--Fair. warmer. Missouri Michigan-Fair
1owa-Far today, cloudy Thursday. Nebraska
Fair md warmer tonight. threatening and colde
Thursday. Minnesota, Wisconsin--Partly cloudy
with probably hurries Thursday and Il
north portions tonight. North Dakota-Probab
snow tonight and Thursday colder Thursday
South Dakota-Partly cloudy tonight, an
colder Thursday.
May wheat closed at $11SA and July q
$112ss @1.12h