The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-05-05
III. v. Jones Predicts Sensation
in Decreased Winter Wheat
Yields.
Crop May Run from Twenty to
Sixty Million Bushels Be
low Last Year.
With Ideal May Conditions for
Growth Market Gains
Well.

Minneapolis Chamber of Commerce,
May 5-Somewhat larger receipts and
more favorable weather caused bearlsh
sentiment in the local market early this
morning and trading on the curb was
( considerably off last nights close. An i'm
provement was noticeable when the regu-
lar pit trading commenced, July being
quoted at ole and September at S0Ac.
All the flour mills having closed down
On account Of a poor demand for Tour was
a depressing influence but this was offset
by the bullish nature Of the crop reports,
especially that from Springfield, ILL.,, re-
garding damage to winter wheat Ihat
alone accounts for the strong tone that
was manifested.
The weather map showed rains in Man
atoba, light rains in Minnesota and the
iDakotas and general and heavy rains in
Kansas, Missouri, Nebraska and southern
Illinois. Iowa also had general rains. 1t
was typical May condition.
An advance bulletin prepared from re-
ports gathered from ten representative
wheat counties in Illinois, indicated Ii per
cent of the wheat area seeded last fall
was destroyed by winter killing, flooding
or drought at seeding time reduced the
area of the state crop from l,5000O0 TO
100000 acres.
Statistician Shows summary Of the
wheat situation says that while data Is
lacking it may safely be assumed that
both public and private report of crop
conditions on May 1 will be considerably
below the figures of April 1. The best
that can be expected will be yield con-
Siderably below normal
The Price Current says the winter wheat
condition has been maintained and is now
fractionally better than a month ago.
Gables were steady, but did not respond
TO yesterdays advance in American mar
'kets. In Paris wheat closed &c lower.
Liverpool market, active and steady; Lon
don B@Sd lower.
Receipts of wheat in Minneapolis to-day
were 81 cars against rs last year; ship
ments 20 cars. Duluth received against
II cars. Chicago had "a against "a cars
Clearances of wheat and flour equaled
$4,000 bu. Primary receipts were $4,000
against 245000 bu last year; shipments
900 against 100000 bu.
Broomhall cabled from Liverpool that
the semiofficial report of the Russian
wheat crop states the weather has beer
local and the winter crop is growing well
Spring seeding is partly finished under
favorable conditions in the center, south
and east. The weather has been very
warm, but there have also been sufficient
rains.
H. " Jones' report, which appeared
500 natter II gave additional strength
ito the market. He predicted a sensation
in winter wheat. 1.-THE CROP he said, 'i
in that condition that by June 10 it cal
go TO pieces II weather is not rlSnC up II
that time. The sensation will come from
Indiana Ohio and Michigan anyway. Stat
figures will not be low enough becaus
farmers report 40 per cent Of condition
when in many instances it should be tel
and twenty. Eight states east of tn
Rockies will produce 60000,000 bu les
than last year. Missouri alone will pro
duce little better than last year. Mary
land and the Virginias are looking wei
and have the most normal growth in tn
country, except in parts Of Kansas. Ken
lucky is spotted. At the best the coun
try will raise 20,OO0,O0O less than las
year and may run off 60, 100000 from las
year if weather is unfavorable.''
Little activity marked the last hour an
/ the close strong within fraction Q
high point