The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-26
Says the Wheat Crop Will Fall
1oo,0oo,o0o Bushels Under
Last Year.
This Would Mean 547,000,000
Bushels for the Country on
the Whole.
September Turns From Weakness
to Strength in Twink
ling.

Minneapolis Chamber of Commerce,
July 26.-Big receipts was the early cry
In wheat today, and on it prices fell off
about Ac, but reaction was quick and,
having sold down to S714 @S75sc, September
was back up to SSAc very shortly. J. ].
Hill not only stands by his original state-
ment that the total crop Of the country
will not run over 600, 600 900 bu at the best,
but is now inclined to think that the
total will be much less or probably 1O0,-
600. 900 Blu under last year. The govern
ment reported SAT. 100000 blu as total yield
last year, so that Mr.. Hill sees it proba-
BILE that not more than 537, 100000 blu will
be the production this season. This proba
bly, allows for the worst, nevertheless 1t Is
startling statement. and once the trade
had thought about it there was a let
up In the selling.
A liberal sprinkling of new wheat
marked the southwestern receipts, and
Chicago had "a cars Of No. red and 3S
cars of No. 2 hard.
Another Kansas estimate was out, that
of the chief Inspector Of the state who
puts the total at 60, 900 blu.
Only 81 cars were received here, against
200 year ago. Duluth had 155 cars,
against a. and Chicago 154, against 141.
st. Louis had 1s7,oO0 blu, against 10000,
and Kansas City 900 bu against 206,-
600, with 231 cars estimated for Kansas
City tomorrow.
The weather was fairly good over night.
Winnipeg had change and was cooler
and rainy this morning, with the tempera-
ture about SO. The forecast is for show
ers tonight In Illinois, Indiana, Missouri
and Wisconsin,, and for fair weather in
Minnesota, North and South Dakota, Ne
braska and Kansas.
Liverpool reports wheat advancing from
speculation. Supplies are not equal to the
demands. The French harvest Is pro-
crossing unfavorably. Prospects are for
moderate crop of good quality. The total
is estimated at 2S3, 600 900 blu. Corn is
affected by hot weather reports. The pros
poets i'll the Danube are for poor crop,
as considerable damage has resulted from
excessive heat. eH #
A very bullsh circular on foreign crops
and supplies has been issued by F. Len
Gers & CO. of London. 1t takes Jones' fig
ures of $4,000, 900 bu for the United States
crop. Commenting on it, it says:
1.-The United States may not be able
to spare as much as last year. and the
call therefore on other exporting countries
to feed European masses may be so stu
pendous as to cause one to pause and
wonder where all the wheat Is to come
from unless prices could be made more
attractive to the sellers than they are at
present. We do not wish to give ex
preston to any alarmist ideas, or to take
an unwaTantedly pessimistic view of the
situation, but it would be idle to deny
that the position Is daily growing more
serious. The English harvest promises to
be the smallest record
Primary receipts $1,000 bu, against
$4,000; shipments 10000 against $685.
900. Wheat and flour cearances 1853 900
blu. .g....-... ...... .
East fthe Rockies the visible de-
creased $4,000 blu and the quantity in
Europe and afoat fell off by 100000 a
total worlds visible decrease Of 2,378 900
bu. ..-
September wheat closed at sS1ac. De-
cember at S6@S6Bc, July 9S1Ac. 49,.