The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-13
WHEAT At $l.27;;
FROST EXPECTED
Should the Freeze Come, 81
Wheat May Be Seen
" We're.
Flour Goes Up, ~e-Market De-
velops Some u e. dented
Features. ~

Threatened by a freezeup, the effect
of which would be calamitous, the grain
fields of the west and northwests must
pass critical time tonight.
Corn in Iowa and Nebraska is in con-
dition to be badly damaged by frost
and heavy frost is predicted for both
states. The wheat fields of Minnesota
not yet finished. would suffer delay and
some injury. The Canadian northwest
is in no condition to stand freeze.
The situation, on the whole, is bad, and
the. nervous tension very great in the
grain trade.
September wheat advanced almost 9
cents over night, selling on the first
ment later at 1927, this against yes
terday's close at $1.1s%.
This was 1880 up from Saturday,
when it closed at $1.133s. The former
high record for September was $1.23.
December wheat, having advanced
cents yesterday, to $l.16, shot up
again this morning to $1.2O3a, while
May went to $1.211a, all options max
ing new high records.
Rain and Cold.
All night long it rained at Winni.
peg. Meanwhile the temperature fell
and as low as % was recorded in the
night in Alberta and Saskatchewan,
and as low as 80 in Manitoba. :.
The low temperatures are tending
this way and in North Dakota as low
as "a was shown; South Dakota 30, and
Minnesota A.
Down in Missouri it is raining today
and also at Sioux City, Omaha, Des
Moines and Kansas City.
Heavy Frost Predicted.
The government weather report says:
"Much colder tonight with heavy
FROST" The grain trade is scarce e5 and
extreme nervousness is manifest. Should
the weather prediction be borne out IN
full and a hard freeze come upon the
northwest, incalculable damage would
be done. The grain trade is hoping fol
the best but fears the worst; -
Should a. freeze. come tonlght 8;
wheat in Minneapolis might be realized
Flour Prices Soar.
Flour prices are up soc a barrel sc
far this week, and Minneapolis first
patents, in wood, in carload lots arc
now quotably $6.40M6.6O barrel. The
eastern and east central states made
much fuor and stocks in Atlantic sea
board cities are low. For months buy
ers have cid off waiting for price re
cession, but it has failed to come, and
| uoul guy Olo ctlO OOS =, ~, AS,oAANN
that nos material decline is likely for g
long time to come. -
| Milling Of wheat in bond in Mime
apolis will be affected by the changed
conditions. Last year the Washburn
! Crosby company brought about 100000
bushels Of the fine, hard, Canadian
wheat into Minneapolis, paying thu
duty of Csc, milling it in bond and get
ting a drawback allowance for export
This year the Canadians will prob
ably need all the wheat they can get
and it is doubtful if Minneapolis will
mill as much of it.
Strange Wheat Movement.
Wheat will be loaded soon at Tacom
Wheat will be loaded soon at Tacoma
Wash, and will go around CapeHo Tor.
for New York. About forty days will
take it around. Such wheat move
ment will be unprecedented and is
fair illustration of how old establishe
rules of distribution in the grain trad
e.e being upset by the changed cond
l. tons resulting from the short crop.
Griffith Morris Of the Calumet
Western elevator made trade in N,
, northern at $1.25 a bushel "to-a
rlve' scoring a new high point fc
cash wheat and the highest ever pal,
during September, in the history of til
, trade, but before the cash market close
2 10000 bushels No. l northern sold {
$1.26 and some sellers were holdin
at $1.27.