The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-14
The Markets All Waiting for More
Definite Reports from the
Affected Fields.
Prices Meanwhile Ease Off All
(, Around and Close the Day
z Easy and Lower.
Better Flour Trade Reported
News of the Day in the
iai Trade.

Minneapolis Chamber of Commerce. Sept. IA.
--Frosts struck the country last night but did
not scare the wheat men very badly. An area
around Rapid City had heavy frost but over the
northwest and the Canadian northwest there were
conditions of sky and wind of nature to pre-
vent a general killing frost, even tho tempera-
lures went very low in some instances. The
corn states got the worst of it, and over Nebras-
kn and Iowa the plant hard hit in many
places. The Canadian northwest escaped the
worst because of rains and cloudy skies and
shifting winds. but some spots were frosted.
Early the markets were off all around. The trade
had expected freezeup and in its failure to ma
terialize sentiment changed eighty and selling
out carried prices off y to &c. After an hour the
weakness spent itself and all markets moved
back up in part. A prediction Of frosts to-
night for the belt gave firm undertone.
No could tell how seriously crops had been
hurt, but that had been damaged could not
be doubted for the weather map showed kill
ing frosts in places where the corn Is still In
an imma ture stage. The effect of a big corn
loss could not fail to be additionally bullish in
wheat. for it has been argued all along that
while we have lost much wheat we will have
bumper crop, which will be offset In
degree. Now there IS danger that may
get loss in corn well. The one favorable
thing In sight is the warmer weather to come,
but this Is not due until Thursday, and for
tonight the Indication is for frosts.
Receipts continue light and at primary points
the total 900 bu. which compared with
1,176,ooo last year. Minneapolis had only 252
against 400. Duluth had So against 263
and Chicago 132 against 90. Clearances wheat
Illinois state report on corn is as follows
''Weat Their during the week has been favorable
for corn. and 1t Is slowly advancing toward ma
turity. The previous statement that large pro-
portion of the crop will be safe from injury by
frost by Oct Is confirmed by later reports
AS Oct II is average date of first killing frost in
region Of heaviest production, safety Of crop Is
reasonably assured
Snow says Iowa has deficient stand. which
offsets heavy caring. Crop green. maturing slow
1y; need two to three weeks to mature IS per
cent of crop. Same conditions in Nebraska
north of the Platte river. In the southern part
of the state greater part safe from frost but
very uneven. yield ranging from small percent
age Of absolute failure to fair yield. Kansas
yiel destimated at 125 900 900 bu. Missouri prom
Uses quarters Of crops Northern half still
green. In southern Illinois crop made; northern
part still green. Whole state average crop.
Whole crop estimated maximum of 2.275. 600. 900
bu. and this will be reduced with killing frost
before Oct I.
Following is the forecast: Iowa. Missouri
Illinois, Minnesota, Wisconsin, fair, frost and
cooler tonight; warmer Thursday. North and
South Dakota, Montana, fair; warmer tomorrow
Kansas, fair: frost tonight; Thursday
Indications for fair weather thru the dis
trict. Frost will advance eastward tonight over
the upper Mississippi and lower Missouri valleys
and western lake region. Temperatures will rise
slowly in the northwest. Bulletin says it il
still raining the Ohio valley and eastward
Cool wave now central over central valleys an(
lake region.
September closed at $1.2215; December al
3 $1173s @1.17A and May at $1.1S7s.