The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-23
Better Outlook in Flour Trade,
Light Receipts and a Good
Cash Demand.
Sales Of September at $3.50 and
a Close at 85sa@851ac-
Trade Runs Heavier.
Canadian Northwest Crop Advices
Continue Running Very
Optimistic.

Minneapolis Chamber of Commerce, Aug. 23.-
Strength was shown In wheat this morning even
before the market opened, and against yester.
days close at SShc. September was up to
S3Ac on the curb. After trading got under
way 1t did not take long to put 1t higher, and
S51sc was reached before there was halt.
Nothing from the wheat fields to cause
any alarm, but there We're number of things
In the regular run Of news to help the market.
The movement was light as 1t has been for
several days, and cash demand good. Locally
the millers bought freely and prices were firm
all around There were rumors Of the sale Of
considerable four for export, which turned out
to be the real thing. except that the sales were
not very large. Some of the Minneapolis mills
had winter wheat coming in from the south
west. and as 1t is a little difficult now to get
cars promptly some was delayed. To help out
these mtllers bought more OF the local cash
tables. AS soon as the pit saw the millers buy
ing, the flour sales were assumed to be very
large and September hardened. Millers also
bought little wheat in the pit, which looked
like hedging against sales of flour for future
shipment. Less wheat came dn here than
year ago, or 1923 cars, against 149, while Chicago
has 63 against 81, and Duluth against ~.
The southwest grain ran lighter. with e. 900
bushels against 104 900 at st. Louis and $780,.
600 against 239, 900 in Kansas City. Whit de-
crease of 900, 900 bushels far this week in
Minneapolis stocks, this made the cash sltua-
ton very firm. .t..- a.. -.
W. II. McWilliams wired the very optimis-
tic summary from the Canadian northwest to
Piper: Wheat harvest may be said to be gen.
eral all over Manitoba and the territories, except
occasional grain districts, You put this
country down for 100, 900, and this is con-
ssrvativej have never seen such wheat In
our lives, and it looks tho they would get it
harvested and out Of the way OF frost. There
are any number of sections that will average
80 to 80 bushels and 20bpshel crops are hard
to fnd.''
W. s. Lowman Of Casselton writes to ]. D.
Fraser that there will be later disappointment in
store for many who are expecting big things
from North Dakota. as later yields will run
lower.
In his analysis Of the northwest crop, Jones
says: THE black rust spread quite generally
over central Minnesota and later over northern
Minnesota and perhaps half Of North Dakota.
It manifested itself differently this year than
last, but it has done efectual work in the
loss Of 80, 600, 900 bushels from the promise of
July 20 to 25 The straw turned early to an
unnatural yellow, showing the same rust shade
as noted last year, an dthen the disease at
fore the berry fully formed. resulting In
shrtnkage of the berry and in blight or scab
that prevented full filling. great deal Of
smut developed also, this being more general
than noted for many years.
1.-THE Minneapolis Market Record issued late
in July statement Of prospective yields show
ing total Of POT 900, 900 for the three states.
The Record issued this stat hment without in
dorsement, simply giving total of prospect
i've yields furnished by Its correspondents In
most of the counties. We think this report
fairly represented the condition OF wheat as to
its promise in the straw-in other words, the
popular estimate Of the crop-and had the
wheat filed well have no doubt the north
west would have yielded 205, DOC, 600 bushels of
wheat so notable the improvement In July,
the equivalent Of two bushels acre. But it
was at this point that popular judgment was
wrong; it was based on the length OF the straw
and the long heads Observers failed to exam
inc the wheat closely enough to discover that
it was not filling properly and that the head
was being blighted all Sides"
Primary receipts, 631.000 bushels. against
$4,000. ...... ,.., q.
The market closed firm and on only slight
decline frln top.