The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-07-28
Jones Issues a Bullish Summary,
but Selling in Chicago Weak
ems Prices.
Valentine Sells in the Minneapolis
Pit-Modern Miller Rather
Bearish.
The Weather Unfavorable and
Hot Weather Following
Would Be Bad.

With rain over the northwest and weather OF
the kind to make the crop slow up little III
its progress towards maturity, the bulls We're
active this morning and September wheat was
up early to "a sc. 1t was hard to bull 1t.
however and about as much selling was seen
should extremely hot weather follow the rain,
conditions might speedily turn for the worse and
"a revival Of rust reports would be quite to be
expected. But the chances that it will turn
off cool appear to be equally good, and the ex-
pected hot-weather revival Of the rust scare
rne not off, The rain but of & Ee fs
clouds were lifting and also further west there
were clear skies. Considerable country around
Minneapolis was overcast, and from Bird Island
and Montevideo the 10 o'clock report was OF
rain beginning to come. The line of interest
in the crops is shifting northward. An elevator
Minneapolis east and west and, speaking in
general sense, might fairly say that the wheat
south Of this line Is out Of danger. Whatever
injury the rust has done 1t has already been
done and later reports tend to minimize it.
A wet harvest is about the only new dan
ger to be feared, and 1t Is not necessary to
to from at most reapie source
at Weible postoffce, Trail county, North Da-
kota. says: "Since arriving here on the 24th
have done some driving among the wheat
fields in this vicinity, with the view Of noting
the character and condition Of the crops. Aside
could hardly be or look
stand, large heads and the berries from half
to three -fourths grown. With dry, moderately
warm weather, such as now prevails. for
couple of weeks more it would seem that
good crop would be assured. AS to rust that
is debatable question. The leaves from the
middle Of the stalk to the ground are pretty
well charged with 1t, and practically out
showing some rust, stu in fairly healthy
condition. The crops summer fallowed ground
where the stand is extremely heavy show the
most rust, but in none Of the fields was there
any rust discovered on the STEMS
Minneapolis received 15T against SO, Chi
got St. ran up with 18th
9es, 900 bu and Toledo ran up total Of 1000.
Duluth fell off with only 8 against 55 and
Winnipeg showed IS against 33. Minneapolis
elevator stocks decreased $4,000 bu to date.
f The Modern Miller says: 1.-THE winter wheat
harvest is nearly finished in most of the northr
ern region. Crop was secured in good condi-
ton and Is Of fine quality in Nebraska and
Michigan, where yield generally shows above
an average. In other states there is some in
Large poron Of he s in the shock
and much Of the wheat is said to be unmer-
ehantabe on account Of the frequent and heavy
there is no milling wheat in central and north
central Texas. The Panhandle, west Of Fort
Worth, has not to exceed 100000 bu Of milling
wheat has so far been marketed in Tennessee"
letter from Sleepy Eye. MIMI, says: yield
which no doubt was BY 0 the eRreey
hot days Of nearly two weeks ago. Fields which
promised rs bushels then will make about IS
now few heads somewhat attacked by black
stem rust"
The weather map was generally clear in the
and n At st. Psn on ndn sos tatns
Canada. Temperatures decidedly lower, as low
as 46 in the far northwest and so at Bis
marck. Scattered rains in Iowa, Illinois, Mis-
souri,. Kentucky and Tennessee. The forecast:
Illinois, Indiana and Missouri, fair southerly
Z winds: Michigan Wisconsin and Minnesota. To-
s cal showers, cooler; Iowa, fair, cooler; North
10 Ento Nah
variable winds.
Jones issued bulish report. but the pres
sure was against the market in Chicago and
prices broke sharply. Valentine threw a selling
order into the Minneapolis pit and helped the
decline. -
September closed at 9rk @915sc and Deem
. Der Mt SShc 70