The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-14
On Northwest Rains and Other
Strengthening News septem-
Der Touches Soc.
But They Find It Hard Going and
$3.50 Is the Figure Seen
Later.
A Wet Harvest Would Be Very
Bad, but the Trade Is Not
Scared.

Minneapolis Chamber Of Commerce, Aug. IA
The difficulty of bullihg wheat against light
trade lack of outside interest and the absence
Of support from big houses was Illustrated this
morning. After long continued decline the new
week opened with rain general over the north
west and more Of it predicted for tonight and
Tuesday. An advance in September the
natural thing to expect 1t came all right, and
September, against the low point of S3Ac
touched on Saturday, was up to S5c, but 1t
held this only momentarily, and was back under
Sac before long. The outside markets were slow
to follow, and Minneapolis could not go 1t alone
All opinion agreed that continued rains would
mean big advance and q wet harvest would
mean bad dotngs for the shorts, but altho the
rain covered the country pretty we'll, the trade
could not that wet harvest was yet IN
sight. Considerable delay must be expected i'll
places where grain has been cut, and stands
ready for the threshcr, but In all the rain up
, to this morning there was nothing 10 scare any
one and the benefits in localities farther north
and west, where little water can oily freshen
things, make probably a fair Offset for any
damage elsewhere. If 1t Is going to continue
raining for five six days that Is quite an
other matter, but the disposition this morning
was to wait for more definite indication OF bad
effect before becoming alarmed.
Twenty cars of new spring wheat had turned
up to II o'clock, and more was reported In the
yards Of which samples had not yet been OBJ.
tanned. New No. l on spot sold around 37c.
and new No. was going between csc and 95c'
New No. 1 to arrive was quotable at &c over
September ana new NO. Z TO arrive ABOUT &c
over The old stuff held. up fairly well, No.
selling ut s1.os; No. 2, $1oe; No. 8. $1.o1@
1.O4, and No. from 95c to Csc. Washburn-
Crosby, the Consolidated Milling company and
outside mills were the best early buyers Min
neapolis stocks decreased 100000 bu for the day.
Receipts here were 1877 against 175, with
1877 against 11s at Chicago and "a against Al
at Duluth. st. Louis got 223000 bu against
237 900 and Kansas City 1000 against eS1, 900.
!. Winnipeg received only 10 against 81. The
quantity on passage at 32,sos,000 bu decreased
for the week by $40, 900. Worlds shipments
were only 1865, 900 bu, compared With zoos, 600
last week and s5O4OO0 year ago. The visible
increased by $4,000 bu.
". A. Freenre in from the Red river
valley and reported the outlook at present not
quite so favorable generally supposed. From
Wahpeton to Fargo, Mr.. Freenire says, the coun-
try is now too wet for best results, and dry
weather Is desirable to finish up the crop in
good shape.
The weekly summary OF A. J. Cummings notes
some delay to threshing owing to rain but Is
! favorable on the whole.
2 Primary receipts, 1,1ss,ooO bushels against
1916, 900. Clearance $4,000.
% Broomhall cabled that the British harvest IS
in full swing and the weather is improving. 1t
Is expected that there will be n yield fully
100000 bushels more than in 1904.