The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-22
September Settling Back to Firm
er Basis at s71a(@s75sc;
Rallying Later.
The Situation in General I'm
changed and the Undertone
Very Firm.
The Weather Not the Best-Re-
duction of Former Estimates
of Yields.

Minneapolis Chamber of Commerce,
July 22-Unresponsive cables and sub
sidence of the nervousness over the pos
sible English Russian war complications
were two things bearing upon wheat at
the opening. Considerable selling was
noted at the start. effective enough to
put September off an even cent to S7Bc,
against yesterdays close at $3.50. The
trade had expected ar. advance In Liver
pool hence there was disappointment, Tor
that market was without important
change on the whole and A9Rd off for
September. The London market, on the
other hand, was 1H @1Hd higher and con-
tinental markets were strong, Budapest
following up yesterdays gain OF sc With
another advance of 1ac while Paris was
UP equal to 1ac and Berlin firm and Il
trifle higher. The weather. was not very
good on the whole. The southwest had no
heavy rain, but there We're showers over
a wide extent of territory and rains at
Kingfisher. Okla, and Wichita and To-
peka, Kan. Dodge City had is inch,
Springfield, Mo-, Is and Kansas City .16.
The northwest had return to cold and
cloudy conditions and threatened rain.
Showers fell over the Canadian northwest
last night. The forecast Is for showers
tonight in Missouri and Kansas and gen.
orally fair elsewhere
For the week Minneapolis stocks will
show decrease of about 100000 bu Min
ISeRpolis received "a cars, against 103; Du-
luth 81 cars, against 10, and Chicago %
cars against 16. St. Louis had 100000
blu, against 139. 900; Kansas City 1900
bu against 1877, 900.
Shows weekly crop report says that the
T long delayed winter wheat harvest is COM
pleted. Threshing is again under way
everywhere and scattered advices from
the wet districts of the Missouri valley
indicate rather better yield at the ma
chine than expected. The spring wheat
conditions continue favorable, the effect
of little too much rain in the Red River
valley being Offset by the benefits of good
showers further west. A present reason
able expectation Is a wheat crop Of $780,
600, 900 to $4,000, 900 bu. High tempera-
lures have caused rapid development of
corn and the position of the crop is now
satisfactory, barring a little lateness gen
orally and weedy fields in important dis
tricts west of the Missouri river.
Primary receipts 414,000 bu, against
B72,oOO shipments 1855, 600 bu against
$4,000. Wheat and flour clearances, &c.,,
900 bu.
Ballock of Paris estimates the French,
wheat crop at $780, 900 blu, which is
sensationally low, and the trade was slow
to accept it, altho the firm sendin- 1t is
an Old conservative house, always very
reliable
The Commercial West Of tomorrow will
say: THE northwest has been favored
with safe temperatures for small grain.
wheat is from One-IOurtn TO tnree-IOurtnS
filled far north the south line OF
North Dakota. In all sections the crop
Is late, and no cutting will be done in
July. 1t will be Aug. before harvest
10 general south of North Dakota. and in
that state harvest is likely to extend into
September These dates are two weeks
to month late for the northwest.
BARLEY and oat harvest commenced this
week in South Dakota, the latter only
nMderately Rye is being cut also.
Indications are for a fine barley crop
s Tie acreage is large, exceeding the wheat
acreage in many localities. Oats are fail
to good. Corn Is improving, but is drag
ging everywhere and will not be a fui
crop
ssi'he Modern Miller says: "The weathe.
most of the week has been favorable fol
harvesting the winter wheat and this
work has progressed satisfactorily in mos
sections, Interruptions by showers were
slight and of little consequence. In the
western part Of the winter wheat belt
where the greatest damage was reported
as a result of heavy rains early in July
latest advices indicate that the loss il
much less than reported. Yields in the
Ohio valley are Disappointing ~sre
1t looks like worlds wheat shipments O
over 10, 900 bu, against 1885, 900, 900 b,
last year.
July wheat closed at 97Ac, Septembe
97& @97Bc, December S5Mc.