The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-06-11
Minneapolis July Loses 1-16c,
Closing Yesterday at $500,
To-day 93ss@s31ac.
Government Report Fails to Jar
Market and There Is Moth
ing Doing.
Some Say It Is Bearish Report
and Some View it Other
wise.

Minneapolis Chamber Of Commerce,
June 11.-With the government report
out of the way the wheat market settled
down fraction and dragged along with
business very light The effect of the
report was slight. There was a DISPOSE
ton to place a rather bearish construc-
ton upon it for the reason that winter
wheat held up so well and spring Wheat
has q good start, but the market at 93c
for July was down 31sc from recent nigh
point and the bears were afraid to put on
much pressure, for there is belief that
something of a short interest already ex-
ist> and that any good buying might be
driven in for a squirt.
The acreage of spring wheat sown in
dictates an area of about II, 14O,SOO acres,
a decrease Of 116,100 acres, or .07 per
cent, from the revised estimate of the
acreage sown last year. The average
condition of spring wheat June WAS
90 4, compared with 95.9 the correspond
ing date last year; 95.4 June l, l9O2, ana
a ten-year average Of 90.
The following paragraphs show, for the
five principal spring wheat states the acre
age, compared with last year, on per-
centage basis, and the condition on June
/ in each of the last three years, with a
ten-year average: ~-- =.
Minnesota-99, 80, 95, 95, 90.
+ North Dakota-105. 3d. 80, s6, 95.
South Dakota-96, sc. 100, 100, 81.
Iowa-9S, 95, 81, 95, 95.
Washington-101, 90, &c. 81. a..
Total for the United States-99.3, 49, 1,
95.9, 95.4, 1913. .s.
The average condition of winter wheat
June / was ~, compared with 1876 on
May 1, 1904; 1913 on June i, 1908; 1871
at the corresponding date in 1902 and q
ten-year average Of 1875.
Broomhall had out his usual estimates
for Monday, and said that worlds ship
ments will probably show about 10000, OOt
bushels. The visible is expected to de-
crease about 2,7O0,000 bushels. Receipts
here were al cars against 236; at Du.
luth, 40 against 40, and in Chicago. q
against is. st. Louis got 100000 bushel:
against 5000, and shipped $4,000 agains
none Kansas City received $1,000 bush
els and shipped 5000. Local stocks show
decrease of 1000 bushels for one day
and for the past week fell off by 5S4,71
bushels, leaving 1923, 155 bushels In store
The Daily Trade Bulletin figures tn
government report to indicate 630,000,C0
bushels for the total yield Brown Of tn
New York Produce Exchange thinks
means about 657, 100000 bushels.
Primary receipts were 2S4,O00s bushel
against 100000. and shipments We're PIG,
900 against 101, 900. Clearances Of whea
and flour were 100000 bushels.
@ The Kansas City Journal has two col
umns Of crop damage stories this morn
ing from floods and rains In Oklahoma
Indian Territory and Kansas.
,, The weather map shows heavy rains i
Manitoba. Fort Worth, Texas, report
Loo inches; Oklahoma, a trace; Wichits
Kan, r. Generally clear elsewhere
with temperatures normal. The forecas
is as follows: Kansas, Nebraska, the Da
kotas, Minnesota and Observation-Disclosures
ly fair. Missouri Iowa, Illinois, Mich
gan and Indiana-Fair tonight and Sur
day; warmer. I'll.
July closed at $685. @sSAc, September
S1Ac and December at 79c. ~