The Saint Paul globe., 1905-04-10

about 1Ac This advance took place dur
ing the middle of the week and seemed
to have run in all the small shorts When
Chicago began to break the bears here
jumped on the market, selling wheat
right and left and kept 1t up for the rest
of the week, the market closing within
short distance of the low price of the
crop. for both May and July while Sep
tember closed under the former low
point.
The crowd are certainly very bearish
and take every opportunity to hammer
prices. AT the present moment they are
having things all their own way. The
different states reporting the condition of
winter wheat this week-Missouri Ohio
Ken kentucky and kansas-show about the
pest condition ever reported on a winter
Wneat crop. The report of Kansas which
came out today showed condition OF 95.
Ihls state for the past eighteen years has
mad but four years which gave a condition
OF ~ or over. the reports running between
so and S5
The government report which will be is
sued on Monday giving the condition of
winter wheat on April /, is expected to
show about IS and so, which would indi-
cate "a q G yield of over 10 bushels per acre,
nguring on a crop of 500, ,000. 900 bushels
Our contract stocks are now very close
10 the 1000 600 mark. and many of the
best posted in the trade believe that there
will be pretty close to 5000, 600 bu of
wheat delivered on May contracts this
year, ie II there is any such amount de-
nNeieu IL VIII go INTO the hands of the
millers., who will take it and grind it
as needed; II certainly will not be put on
1he market again by the buyers selling
July short they want the wheat Shorts
IN IN July VIII then have a time to secure
me immense. amount of contract wheat
Tor which they have promised to deliver
on July contracts. The July future is
gong 10 be month that can be easily
manipulated by any one man or sci OF
men with a little money.
since Jan. z, 1905, to April T. stocks of
in emit
receipts have decreased 3,I06 600 bu more
man they did during the same period OF
l9O4. On Friday We received 221 cars
and shipped 104, for the same day a year
ago we received ia cars and shipped out
20, indicating a shortage on the day's
inopement, as compared with year ago
OF 81 cars. Should the same ratio of de-
crease be continued during the next three
months, as has prevailed during the mast
three months our stocks here would be
less than 1000, 600 bu on July l. s against
5.S00.000 bu July 1, 1904 When We ston
TO consider that 1000 900 bu of wheat will
last the mills here, when grinding at the
bresent pre- Svs rednced rate only about eight to
July wheat can readily be understood
Mr.. James Carruthers of Montreal saws:
Would say about 1,000,000 bu of our
present stock OF wheat at Fort William
has been sold for export. The Ogilvies
claim they Will require before next crop
naif of present crop contract wheat that
Is in store at Fort William and west
for their milling trade, and the Ontario
miers will also need large quantities
SO IT looks to us as if wheat will grad
ually disappear, also believe there will
be a certain quantity exported Proctors
to improve
The Buenos Ayres Hendels Seitlnq of
Feb. q gives a detailed account of the
conditlon OF the Argentine corn crop in the
principal districts. In MANY cases ONLY
nan a crop was expected, but our con-
temporary arrives at the conclusion that
the area sown is so largely increased,
compared with last year, that the total
yield may not be SO seriously behind last
year as many expected. Last years crop
was ofhcially estimated at over so 600 900
bu In the preliminary report This meant
a surplus of about 6000O,0OO bu, but as
the actual exports viii not exceed 16 600.
OO0 bu 1t Is obvious that this preliminary
estimate was an exaggerated one.
-, Inc department of agriculture says that
DAY, VIII give the condition of winter
wheat and rye. The winter wheat condi-
tlon last december was S2.9. The seeded
area was given as 81, 1856 600 acres which
was le per cent less than the final estflr
mate OF the area sown the preceding fail.
ieading grain authority Of Berlin
says: In Germany the outlook for the
winter crops is generally good and the
reserves of the old crop in farmers hands
are above the average. Our markets are
somewhat weak for wheat and rye and the
very firm for feeding stuffs. We believe
that Europe Is In a position to get along
Wltnout American wheat until July"
The flour trade is in very miserable
state, says commission man. "apd the
demand for wheat very poor with. no
signs of Improvement The upshot will
be That with the promise for large win
ter crop, values will seek levels approach
ing more closely to a European parity.
Tor IT will be difficult matter to mauip,
uiate the new crop months, although the
usual scares can be reckoned upon 10 APP
pear and create rallies. The season is
remarkable and something most Unusual
VIII have TO occur in order to retard the
growth of winter wheat and DELAY sp,-inr
seeding in the northwest"
Reports of Outside Mills
Special reports from forty-two outside
northwestern mills (outside OF Minueano1
lis and Duluth with total daily capacity
OF 30.6f5 barrels show that in the week
ended April ] they made l2I 795 barrels
OF hour representing the consumption of
approximately $4,000 bushels of wheatl
against lsl .9so in the corresponding week
OF lSo4. Foreign -four shipments IN the
same week we've 4,150 barrels against
| 5,51o year ago e'
reports received weekly from .outside
mills, giving their output and exnorfs
SHOW the following figures. in barrels. from