The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-07-24
September Falling to 1870.
Against Saturdays Strong
Close at 991ac.
Rust Reports Coming Today Con
flict, and the Traders Halt
in Some Doubt.
Enormous Selling Out for Profit
and Much Pressure Is
Worked Off. sg

Minneapolis Chamber Of Commerce, July "a
Wheat went rush down this morning to 94Ac,
which, against Saturdays close at 99lac, was
drop heavy enough to scare the bulls pretty
badly. Long wheat sold out all the way
down. The principal influences were better re-
ports from the northwest and big movement
OF wheat to the winter wheat markets: The
Sunday papers carried many crop reports, ap-
parently reliable and most Of them were more
favorable than had been coming toward the end
Of last week. This affected sentiment ma
terialy, for many In the trade inferred that
the rust reports had been exaggerated, which in
deed is not unlikely. Later in the day samples
began to be shown around that We're bad and
that covered wide extent of country, but
these were not in evidence early. Freemire
had reports from the Elmore Milling company
to the effect that there is no black rust in
differed entirely from reports from Faribault
county received last week, and raised again the
question of the ability of an observer to detect
black rust IN the early stages. souris, Under
ing In good reports. On the whole, the situa-
ton northwest appeared to be worse. Wheth
er or not it-could fairly be said to have i'm
proved over Sunday was not easy to say. Re-
ports vary widely. Many of Them about the
honesty of which there is question have
nevertheless to be taken with some allowance
Some farmers scared and see calamity while
other observers thru excess of optimism only
the more favorable things There mix
up In the Kansas City reports, SO much wheat
coming In that 1t was difficult at first to get
late. showed 1927 900. bu against 10000 year
ago, st. Louis getting 2e6. 900 against 200 900.
Minneapolis received S17 against 232, Du-
luth only against 116. Chicago 217 against 50
and Winnipeg "A against 40. ..'
Foreign markets were up and down Berlin
17sc higher, but Liverpool 11s @1Ad lower. "a, !
The weather was not the most favorable,
neither was there anything very bad in 1t. St.
Louis got a heavy rain last night. but other
points got little. The forecast suggests fair
weather In general for the northwest.
DE- pistapv 70 I on non
Clearances, $4,000 bu. ... .....
Snow wired from Grand Forks: Saturday
drove forty miles In Walsh county, Park River
to Grafton to Ardock. Examined each quarter
section without finding single stalk with black
rust, and only a small amount of leaf rust.
Most fields green June meadow. II present
prospect could be harvested would average 20
bushels Crop In full bloom and making rapid
progress :,
The weather map shows scattered rains in
Kansas and thru the Ohio valley. Generally
clear In the northwest. with temperatures quite
low. down to 46 In Manitoba and 50 in North
Dakota. Temperatures in southwest and central
states somewhat lower than Saturday. The fore
cast reads: Illinois, Indiana. Missouri and Mich.
igan. fair. north winds; Wisconsin. Minnesota,
North and South Dakota, Nebraska and Kansas,
fair, warmer.