The Minneapolis journal., 1904-05-13
Prices Carried Down Under the
Weight, July to so1ac, Sep
tember to 1880.
Weekly Clearances, $4,000 Blu;
a Year Ago This Week,
100000 Blu.
Modern Miller, Snow and Price
Current Reports Are All
Bearish.

Minneapolis Chamber Of Commerce,
May 13.-Friday and the thirteenth day Of
the month was a combination too strong
for the bulls. The pit scalpers tried to
kuess the wheat changes, and most or
them were wrong all thru. Aside from
these pit traders there were not many In
terested In the market. Outside demand
was very light, SO light In fact that there
were scarcely any big orders. July wheat
sold off by slow easy decline to 91c, and
September was down around 7912c. over
the northwest more rain fell last night
and it was raining this morning at Fargo,
Grand Forks, IIillsboro, Comstock, Cas-
selton and other points. The valley was
soaked again and any land near the Red
river not yet seeded Is out Of 1t so FAR as
wheat seeding Is concerned. The first
word has yet to be said as to the north
western acreage relative to last year.
Snow thinks it will be the same as last
year. but this appears an opinion based
upon general reports to date rather tnan
on anything very definite. All sorts OF
opinions have been heard. and quite re-
Gently Minneapolis elevator men were
quoted extensively in outside markets as
predicting a 10 per cent, increase. 1t is
current opinion in the trade that there
has been something Of an increase out
side the valley, but In the valley 1T has
been hard guess. Whether or not the
wet land along the Red has cut the val
ley acreage materially, and whether this
will hold down the acreage as whole
are questions the trade would like to know
about. Jones will go over this territory,
starting tonight or Tomorrow, ana MS
opinion as to how the backward spring
has affected the early outlook will be
awaited with interest.
Sixty-five cars wheat were in here
against 81 a year ago, and IL at Duluth
against 21 Chicago had 10 cars against
2S, Kansas City $4,000 bu against 16.0OO
and st. Louis $4,000 bu against $4,000.
Minneapolis elevator stocks will de-
crease about 700, 900 for the week.
Primary receipts 10000 bu against 199,-
900; shipments 214,000 against $4,000.
Wheat and flour clearances 47,0OO bu.
Murray Of the Price Current says the
government estimate Of the winter wheat
acreage abandoned is an exaggerat1on.
The Modern Miller says the winter
wheat crop has been favored with excel
lent weather conditions so far during the
month of May and improved prospects are
reported from all sections where the crop
could be benefited. This Improvement ex-
tends even to the states and territories
where the crop suffered most damage and
loss in acreage. The outlook continues
best in Missouri, Kansas, Nebraska, south
of the Ohio river and on the Pacific coast
SHOWS weekly crop report says weather
conditions wholly favorable with wheat
plant gaining in vigor and giving evil
dence of good stooling. Spring wheat
seeding completed except in Red River
valley, where considerable low land will
not be planted. Total acreage likely to be
about same as last year. Conditions IA
vorable to give the crop a good start.
Weekly flour and wheat clearances OF
1876, 900 bu were shown in the Bradstreet's
A figures
4.097, 900 bu. This was the last straw
The bulls threw their wheat on the mar.
ket and July broke to 9o1k @905sc. Sep
tember to 1880.
May closed at 92c, July. sOAc; septem'
Der, 1925 @7914c.