The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-20
Frosts for the Corn States To-
night and Strength in All
Markets..
Wheat About 20 Up for All OPP.
tions-J. j. Hill Talks About
]. the Corn. #
Jones Meets Standardization II
Part-John Inglis Sends
Corn Reports. \ s..

Minneapolis Chamber Of Commerce, Sept. 90
A frost prediction for tonight put stifening into
the grain market this morning, sent corn up
sharply and wheat up part way IN sympathy,
and gave a general appearance of strength In
wheat there was a lack OF good buying thru
timidty principally. For five days In success
sion the market declined Yesterday wheat
opened up firm and higher and there was every
thing to indicate continued strength. yet before
the close prices were off another &c, and so this
morning, while the market looked stronger and
there greater incentive to buy wheat, few
would take hold for fear that, however much
the market might be due for upturn, the
heavy pressure Of the past week nigh come
again and put it lower. In corn, to which
speculative interest is turning more every day,
there much nervousness. The trade adj
mits that the estimates recently made warrant
ment that refuses to take the Jones report at
full value. When Jones first sized up the
spring wheat crop and put the promise low,
there were as many who took opposite view,
but found him right finally, and so on corn 1t
Is possible that Jones Is right little In ad-
vance OF others, and that later estimates from
other sources may make his 100000 600 bu
outlook appear conservative even tho the figures
look very light now, especially so in view of
the recent estimates of 2225 900, 900 Blu by other
estimators and the government report of this
month indicating an even larger total Already
Jones would appear to be receiving some substan-
tiation for yesterday the New York Sun sent
man after J. J. Hill In New York to Sc what
the ''old man" thought about corn along tho
Burlington and other lines that he 10 In closest
touch with, and Mr.. Hill said he does not be-
lieve the corn crop can run over 2'ooo,oOO 'ooO
blu. This morning. John Inglis wired from Iowa
to the effect that corn for fifty miles west Of
Mason City Is damaged by frost, and north Of
Marshalltown there Ia damage appro1imating 20
per cent. No man In the grain trade disputes
the contention that ii to have short
corn crop this year will be worth more
money, and this will be strong influence In
wheat as well. All along the argument has
been that, while the wheat crops, both winter
and spring. cut to upieoes, the corn crop
would be bumper. Now 1t begins to look
as If the corn crop is going to fall under also,
and this would put new face the matter.
Primary receipts, 100000 bu. against 1.o74-
900 bu.
Bradstreet's report shows wheat east of Rock
les increased 3O1, 900 bu; Europe and adoat in
creased 100000 bu total Increase, 1901 900 blu.
The foreign crop summary Of Broomhall reads
as follows United Kingdom and France-rhe
weather is favorable for fall work. Short yields
continue to be reported. Germany-@Ths weather
is favorable, but further rains are needed for
navigation in the interior: Fears of short po-
tive grain are large. Rumania-Fau seeding Is
progressing Supplies of grain are decreasing.
Hungary-Favorable rains for fall seeding have
occurred. NEUTRALITY-SUSPICIOUS. favorable
Tor seeding. The wheat crop Is officially est1-
mated at g. 600, 600 bu, against $4,000, 900 blu in
1908. Sweden-The wheat and rye crops have
been harvested but were partly damaged by too
much rain. Russia-Tha southwest Is suffer
ing from drought. Supplies of grain are gener-
ally large. India-suffcient rain has fallen.
Argentine-Crop reports continue favorable.
Forecast Iowa-Partly cloudy tonight and
Wednesday; colder central and east; frost; fresh
northerly winds. Mssourt-Showers today OF
tonight; Wednesday fair. colder; brisk northery
winds. Illinos-Threat ening and decidedly
colder tonight Wednesday, fair and COLDER pos
sibly frost in northern portion. 1ndiana-show'
ers and colder; partly cloudy; brisk winds
Minnesota--Partly cloudy; FROST North and
South Dakota-Fair and colder tonight; frost
rising temperatures Wednesday.
December closed at 81 .1o1s Gill, May al
SLIPS and September $1.11M. r'.~