The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-12
The Government Report Confirms
the Earlier Estimates of Pri-
vate Crop Investigators.
The Country Has Raised About
118,000,0O0 Bushels Less
Wheat Than Last Year.
The Weather Threatening and Re-
ceipts Light - Foreign
Opinions 5Bullish.

Minneapolis Chamber of Commerce. Sept. IL
Strengthened by me government report. touch
Of frost over the spring wheat nelds Daa
weather forecast and railing on In horth"es-
tern receipts wheat moved up cent to start
the week and showed indication of good support
and firm undertone. The government says, IN
a word that the country has raised l1SOJooUo
blu less wheat than last year. Earlier in the year
government reported slze-up pracucallF equal
to the previous season. Jones noted the hrst
change and reported big loss In winter wheat
Then came his outline Of spring wheat prospects
indicating further loss. Following this, }. j.
Hill made the startling statement that the coun-
try had lost 100, 900, 900 bu wheat, startling to
the many who follow only the railroad and gen
eral mercantile reports, but not to the gram
trade proper. Now comes the government with
report not new in any particular, yet vitality I'M
portant to effect upon sentiment, because more
than confrmatory of the reports of private IN
vestigators. We knew all the time that we had
lost the wheat, and would have known 1t II
the government report had never been Issued, but
that portion Of the trade that wants everything
official, that doubts everything non-ofhcial and
waits for the stamped and sealed and ribbon tied
report of 1t before giving anything full accept
ance may now know that we actually have less
wheat and that, whether prices are to go up or
are to go down. the fact remains that there Is
legitimate basis for maintenance turnout or a
price range far above last year. and that wheat
Is not necessarily high because it takes three
figures instead Of two to represent a fiat price.
The London Statlst wheat article Of Sept. 3
Is very bullish 1t estimates the requirements
of importing countries for the year at 660O0-
900 quarters. and says: This is a total which
looks like being very difficult to obtain, If the
recent crop estimates In America are anything
near the truth
Minneapolis received 447 cars against e51 Du-
luth 81 against 232 and Chicago 120 against 1856.
Primary receipts 10000 bu against 1882, 600.
Snow wired Knight, Donnelly Co. this
morning from Kansas City follows: aside
from northeast counties and a few fields in the
eastern, valleys Kansas corn Is matured. Dry
weather after the middle of July shortened the
ears and cob tips untitled. Husking will be
disappointing. State crop not above 100, OOO, 900
bu, or 10000. 900 bu less than last year.
Pringle wired Al Chambers II believe tina t
in weighed bushels of sixty pounds each the
winter wheat crop Is about 100, 900. 900 bu less
than last year. I believe that In weighed BUSH
els the spring wheat crop Is over 100, OoO, 900
bu short Of last year, and that the total crop Of
merchantable 6o-lb milling wheat in the United
States this year does not exceed 100000, 900
bu, and no reserves, against 63S 900, 900 bu last
year, with probably 90, 900, 900 bu reserves. We
used to send the poor wheat abroad export
sales; this year we will eat 1t ourselves and be
glad to get it, About the prices, I say again,
We will easily be grinding S1.25 wheat Chi
cago basis, into flour and consuming 1t this year.
Let us hope 1t will be than that"
September wheat closed at $1.1S3s December
at $1.16 and May at $1171a, all options at high
point of the day.