The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-13
Snow Finds Serious Damage in
the Winter Wheat Fields
From Recent Rains.
I J. J. Hill Says 100000 Bushels
About the Maximum Yield
for the Country.
Minneapolis September Sells to
s85s@88s4c and Looks Like
Going Higher.

MINNEAPOLIS Chamber Of Commerce,
July 13.-Northwestern wheat crop cond1-
tons already bad, were rendered worse
this morning by rains all over the coun-
try from Minneapolis to the Canadian me.
The Red River valley got another soak
ing instead of the dry weather needed,
and the outlook Is worse In so far as the
plant growth has been further delayed
Omaha also mad rain, and there was little
good weather. anywhere. The southwest
sent in some very bad items Minneapolis
September continued making new high
points, and by 1870 had sold to $3.50.
Snow wired that in Nebraska and Kan
sas the damage from recent floods and
bad weather will run from 20 to 40 per
cent The fields that promised 70 bushels
to the acre now promise ~ to 10: An
other investigator wired that the wheat is
rusty in places all thru the southwest.
j. J. Hill goes on record as giving up
hope for a big wheat crop and as est1-
mating 600, 00o, 900 bushels as about the
maximum promise. This from railroad
man interested in tonnage prospects and
of a class of observers proVerblally OPP
timistic was considered very significant.
Jones will start thru the northwest to-
might to see how the three states snow up
Logan Of Chicago wired Stephens: Our
investigations lead us to believe that there
is a long interest in July wheat here,
much larger than the stocks OF contract
now in store. We are unable to see where
any great amount can be secured during
the balance Of this month. Cash wheat Is
at a fancy premium In all markets. With
these facts in mind, We do not think 1t
a good business proposition to remain short
the July delivery
Local stocks made a big decrease over
might, and the falling off of 100000 bush
els to yesterday was changed to 230,0O0
this morning. Receipts here were 2Ol
cars, against 100; at Duluth 49, against IL.
and in Chicago l, against SO. st. Louis
had the lghtest run for years at this
date, or only $4,000 bushels, which COM
lpares with rs, 900 bushels a year ago. Kan
i11S,O0O Primary receipts. $4,000 bushels
against 423,000; shipments, $4,000, against
1854, 900. Clearances, $4,000 bushels.
The weather forecast is unfavorable and
reads as follows: Illinois, Minnesota and
1owa-Local thunderstorms tonight and
Thursday. Indiana and Lower Michigan
Fair tonight; showers Thursday. Upper
Michigan, Wisconsin, North and South Da'
ota-shower9tonight and Thursday. Ne.
braska-Showers tonight; probably fah
Thursday. Kansas-Cloudy tonight ant
Thursday. Montana--Cloudy tonight; fail
Thursday.
The tip is going around in Chicago tina
there are over 100000 bu Of July whea
unsettled, and If the shorts do not soo1
cover the price is to be put to dolla
or over.
Rroomhall's Russian cable says an Off
cial report of July says wheat and ry'
crops are unfavorable.
A Duluth message says: Cant get any
one to offer any wheat; believe all her
Is sold and more too. f.-.
At 1870 it was reported raining agail
OF Kansas City and vicinity.
July closed at 99hc; September, $3.50
December, 84%c.