The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-06-21
The Weather Will Determine the
Next Move Some More
Rust Reports In.
a Majority Of the Crop Reports
Favorable Both Northwest
and Southwest.
September Very Light and Quick
to Respond to Any
Buying.
additional Markets on Page 81

Minneapolis Chamber Of Commerce, June Il
Wheat took turn OF nervousness during the
6rst hour today, and no one could tell from Inc
action of the market what to expect next Early
In the morning Chicago felt the effect of selling
by foreigners who had bought wheat some days
ago when reports Of rust began to be capled
pyer to Liverpool, and who now let so probably
tor profit. The market went about cent under
yesterdays high point, but at $3.50 good buying
began and September went from sSAc to So!s
on a few small purchases. This quick rise mus
trated the position of the bears, who are hgurng
On a sharp break to come just as soon as the
weather makes permanent turn for the better
Those shorts sell the wheat on the hard spots
and figure that with steady sunshine there should
be several cents in it for them at least, but they
buy in again quickly when the price turns upon
them. Almost everyone figures that some price
recession will come with improved weather. Inc
trouble Is that the weather does not improve. IL
the skies would open and the water would come
down and soak everything and the rain would DO
Its worst and then let up, 1t would not worry
the trade half so much the continued cloud.-
ness and mugginess, and the intermittent show
ers. The northwest Is not getting the growing
weather it ought to have. The southwest is not
suffering, but it is close to harvest In many
heavy producing istricts and every day OF the
present weather suggests wet harvest Last
night there We're rains in Minnesota and the Da-
kotas, Nebraska, Iowa, southern Illinois, In
DIANA Missouri, Ohio. Kentucky and Tennessee.
Concordia, Kan, and Fort Worth, Texas, had
rains and there were showers In Oklahoma The
early forecast wassreassuring far as the north
west Is concerned, for Minnesota and the Dako-
tas down for fair and cooler weather to-
night and tomorrow, but for Kansas, Missouri
Illinois, Indiana and Michigan showers are pre-
dicted. .--.
Receipts here were 1O5 cars against 1873, at Du-
luth against 80 and at Chicago nothing against
10. Kansas City received 80, 900 Blu compared
with 2SO00 and st. Louis 10000 compared with
IA 600. Primary receipts totaled 100000 bu
against 900. Clearances $4,000. Minneapolis
elevator stocks decreased 100000 bu for four
days. .. 49,.
There is still wide disparity in southwestern
reports. To the crop looks good, to
others it looks bad. For instance, Kansas City
wired Piper: ''Have number Of men from
Kansas City, and all say rains have done NO
damage to wheat so far, and only delayed cutting
part of day. Corn condition very fine, and
much of the corn is waist high now"
- On the other hand message to Rollin e
Smith read: "Our Kansas City office says rains
interfering Don't look for movement fol
"a couple Of weeks. Oklahoma says no wheat
Offering ~
A multitude Of conflicting crop reports were re
ceived in Minneapolis today. The crops, boil
spring wheat and winter wheat, are in critica
condition in many places, and grain trade inter
est is concerned with the possibilities of rust fl
the northwest or a wet harvest southwest.
New rust reports came into Minneapolis thi
country tributary to Garden City is said to shov
rust in the wheat in spots. D. A. Mcdonald ha,
report that, while not at all sensational wa
taken quite seriously. At the same time tn
McCaull- Webster Elevator company got into tele
graphic touch with G. A. Crowl, secretary O
the company, who came into Dell Rapids, 8. D.
from. the wheat fields, and who reports rus
thru wide stretch Of country covered.
81 G. F. Piper returned this morning from Winn
peg and reports the general prospect above tn
line very favorable, except for the wet land 1
the Red river valley in Manitoba. Charles D
Lewis who returned yesterday from the south
west, after an extended tour of the wheat fields
says the crop Of winter wheat will be very salts
factory, yields will run high and the qualit
promises well. Conserva lively speaking Mr.
Lewis looks for winter wheat yield 70, OOO, 90
blu in excess Of last year.
The Minnesota weekly crop bulletin says: ''
little rust Is reported in Stevens and Brown coul
Ties where oats are affected in small spots, b1
7 no rust has yet been reported on the wheat A
grain crops are doing splendidly, but an earl
change to dry weather Is needed''
The market closed easy, September at $50.
and July at 81 OS5h -