The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-08-15
Primary Receipts Double Up at
1,346,0oo Blu. Against 697,-
600 a Year Ago.
Clearances Only $4,000 Bushels
Fine Weather and More of It
to Come.
September Touches $1.045s on
Rumor of Rust Damage in
Manitoba.

MINNEAPOLIS Chamber Of Commerce,
Aug. 15--Good weather and increasing re-
ceipts bore heavily upon wheat today, but
1t was difficult at that to force prices Off.
September sold $1.01Ss. but recovered
bquickly to $1O2 and showed great stub
Ebornness From every end of the coun-
try the weather reports were good. Mean
while wheat is coming into the principal
markets in larger quantity. NO less than
1858 cars showed up around Kansas CITY
against 322, while st. Louis had $4,000
Sbu against 100, 900. Minneapolis ran a
trife ahead with ITS against 1855. Duluth
had Al against and Chicago 11S against
3d. This made primary receipts total
], S46, 900 bu against $4,000 year
ago, shipments showing 4Sl,OOO against
sos, 900 There was nothing In this to
strengthen wheat and much to weaken 1T,
especially so in view of the forecast for
continued warm and favorable weather.
Nevertheless the undertone was hrm.
wheat offered was readily absorbed and
the bears could do little. Twice the mar
ket appeared to be on the verge OF
break but to eleven o'clock was still firm
at only fraction under S1.02.
E Liverpool was up 4 to I'D which little
gain Broomhal attributed to a decrease
in the weekly Liverpool report of
wheat stocks rather than to anything In
American news. Berlin was 1sc off and
Paris Antwerp and Budapest were
at Rostoff on Don reports that in the
southern region the wheat crop will be
moderate but that the Volga river dis
trict will produce abundantly. feature
was the London Times article Of this
morning warning English traders against
speculation in wheat solely on American
advices and pointing out that France VIII
have an average wheat crop while Can
ada Australia. Russia and Argentine all
promise better than supposed.
Minneapolis elevator stocks decreased
100, 900 bu for two days.
Wheat and flour on passage to Europe
at 40,136,000 bu show increase of 100000
bu.
Wheat and flour clearances 1900 Blu.
A Minneapolis man brought in samples
from around Portage Ia Prairie showing
rust Difference of opinion exists as to
whether it Is bad enough to hurt the
wheat. Osborne and Mcmillan both saw
the samples and say they do not think 1t
has nurt the wheat There Is rust in
many localities, but it is not considered of
Importance as affecting the yield. The
general opinion Of our crop Is that 1t Is
better now than for weeks.
Snow wires from Grand Forks that this
hot weather is hard the late wheat.
Nights bring heavy dews and rust is
spreading rapidly.
The forecast IS as follows: Minnesota,
North Dakota Missouri, generally fair;
South Dakota, Nebraska, Iowa, partly
cloudy; Kansas, Illinois, Indiana, Michigan
Wisconsin, partly cloudy with scattered
showers; Manitoba, clear and fine.
A Chicago story says: John w. Gates
stepped down and out Of the wheat mar
ket today after sustaining $780, 900 loss
He discovered that he had taken the bull
eide late in the campaign, and that witt
the improved crop reports from the north
west it was wise to hang on. It Is sale
that Gates telegraphed Sam Scotch t.
sell his wheat quickly, and Scotch SHOW
elers were put to work on the job which
was finished just before the closing bel
was. sounded today
September closed at s1.04A; Decembe
at $1.01A and May at $1.03A.