The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-30
Minneapolis September spurts
to 921sc-G Great Strength on
More Damage News.
Ladenberg- Thalman, New York
Bankers, Buy, Presumably
for European Account.
Rust Becoming General in the
Northwest Drought Dam
age in Germany.

Nrinneanolis Chamber of Commerce,
July 30-Wheat went, UP today by con-
tinued fractional advances, until SepteFn-
Der sold at 921sc. There was nothing TO
do but bid for 1t to fill buying orders'
With rain last night, more RAIN not ui,
likely and rust reports coming thfck ana
fast from localities not heretofore report
irg there was little disposition TO sell.
The shorts ran in early, when the fusl
talk from the 500 and Northern racine
reports began coming. Then When DuyinS
orders came in the market went hlgheT.
Chicago July was uncertain PROPOSE
ton, adding to the general strength early,
but causing weakness later on quick
drop from 81 to Size. This sent Mime
apolis September off a cent, but the local
tone is very strong and higher prices are
talked The map showed heavy rains
in Minnesota and the Canadian northwest,
Over two inches fell at ST. Paul and y Ap-
pelle. There were general light showers
in Iowa; but no other precipitation. Tenn
perature are higher west and southwest
In the extreme north and northwest 1t Is
generally cloudy, 40 to IS degrees; general
rains; precipitation, .16 of an inch to 20
inches, and raining at QAppelle. the
northwest is generally clear temperatures,
5S to Sc degrees. General rains in Min
4 nesota; precipitation at st, Paul. 2.42
7 inches; Moorhead, AS; Duluth, 49, West
and southwest partly cloudy.
The forecast IS for showers in Illinois,
Indiana, Missouri Missouri, Michigan,
Wisconsin, Minnesota, Iowa. North Da-
kota, and fair in South Dakota, Nebraska
and Kansas. -... g..
A very significant incident was the buy
ing of wheat IN New York by an old con-
sentative Wall street clearinghouse -
Lodenberg Thaln1an & Co. How much
they bought is uncertain, but 100000 bu
of December was traced to them. Not
being a grainhouse the inference Is that
their buying is for foreign account This
seems reasonable, for the drought con-
tinucs IN Germany, and in England the
weather is bad A bull market appears to
be getting into full swing. Good weather
may check it, but the trade Is now OF
the opinion that the northwest crop Is
about on the ragged edge and that unless
conditions show Improvement soon some
thing sensational may be expected '
A Canadian northwest review In the
Commercial West says: 1.-THE ultimate re-
suit depends on our having fine warm, dry
weather from about the middle of August
onward. At this date we have the pros
pect of a full average crop, provided We
have moderately favorable weather unit
the crop is secured. In the meantime
the average, low temperature causes ap
prehension, because owing to the isother
NAL lines in which this country lies, w
may have fine, bright, fairly warm Cay
and yet the temperature can get down t.
the freezing point in the small hours 0
the IlSHI JuSl ociolc Lie gun Co1llC
round again. and half hours time wit
the temperature under 32 degrees can d
lot of damage" ..
Minneapolis received 1919 cars, agains
IA; Duluth 40, against Is, and Chicag
124, against go. Kansas City received ISL,
900 bu, against 1920 900; st. Louis 179, 00(
against 1890 Wheat and flour clear
ances. 100000 bu- Primary receipts, GA,
900 bu,, against 623,oooj shipments, 5o4,
600 bu, against 114,0o0
Minneapolis elevator stocks decrease
412,1O9 bu for the week, leaving 4,557,7 II
blu in store here. a+s..
September closed at 91091Bc; Decem
Der, SS, and May, 9oAc. 80 -:--