The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-18
Good Weather Today and a Fa-
vorable Prediction Makes
Bears Of the Bulls.
September Falls to $500, Against
$3.50 Yesterday, and Closes
at Low Point.
Some Damage Undoubtedly Done,
but Nothing to Cause Any
2 Alarm.

Minneapolis Chamber of Commerce, Aug. 1S-
Traders, who heard the rain come down IN tor
rents last night and who looked for wheat TO 60
higher this morning were disappointed to see
Minneapolis September open cent OH anu sen
down to S4Sc, or 21ac under yesterday nlgh
Of S6A. The weather cleared off and the Tore
east was for fair weather tonight and Saturday,
and cooler tonight, for the northwest. Inc early
selling heavy. 1t represented very largely
long wheat bought by traders, who saw a wet
harvest in the rain Of yesterday, but changeo
their minds when the sun shone out this morn.
ing. Just how much damage the bad weather
has done is hard to say, but the grain trade
refuses to believe that anything very serious
will follow. Inglis wired Minneapolis that the
country from Winnipeg down is big IKE, Inc Inc
hand Nhallon had advices from the western eoge
Of the valley that, while noting in full the wet
soil and the certainty Of delay, could see no
harm done aside from later threshing and
somewhat later movement of the stuff. That
the country all along the valley Is very wet IS
shown from every report, but that any great
quantity of grain will be lost IN consequence ID
very doubtful
Some unfavorable reports came in later. Fer
gus Falls says: The wet weather OF the past
few days has injured wheat as the grain r1penea
very fast and much of it was dead ripe When
the rain came Sunday, and the straw was
dry and brittle, and when the heads become wet
the straw broke and they fell over: Farmers
have been cutting every hour that 1t was pos
sible to do so, but the loss will be considerable
Frazee Mimi, says: Rain has delayed mar,
vesting, but rust has not injured wheat, ana
the crops are in good condition. Harvesting VIII
begin as the rains let up. Wheat, tho not very
heavy, will yield fair crop Of moderate grace:
Gettysburg, S. D., reported that two inches OF
water fell there in one hour accompanied Dy
30 to 35-mile wind, and as only about one tniro
Of the wheat is cut 1t is hard to tell at THIS
- time how much damage was done. What whea!
was cut is fine and quality No. l. Oats ana
barley are in shock and yield will be large.
Primary receipts again ran under year ago
at Cos 900 bu against 100000. Minneapolis go!
ia cars against 81; Duluth, "a against &c. and
Chicago "A against 70. St. Louis receipts were were
106, 900 bu against 1884, 900 and Kansas City
223 900 against 2s6,0O0. Minneapolis elevator
stocks decreased about $50, 900 bu for the week
A Liverpool grain house cabled: Wheat afect
ed by American advices. The weather is Drok
en- with some rains and indications point Il
further bad weather. Corn quiet but steady
The demand is fair and prices tend upward
Argentine shipments of wheat and corn are de
creasing"
Broomhall's Argentine cable says the whea
market is easy with small demand. Arrivals
are small from the interior, with quality salts
factory. The weather is favorable and the cro
Z in the north shows excellent plant. Corr
is very firm with good export demand. Ar
rivals from the interior smaller than las
week, but the quality is giving satisfaction.
The Modern Miller says the present move
ment Of winter wheat indicates that the whea
running old sales or consignments to tn
markets is about cleaned up. Farmers are bus
with fall work and show disposition t
market wheat; they heading their bes
grain. A larger movement is possible after fai
blowing and seeding is finished This work
progressing we'll under favorable conditions. A
Increased acreage of wheat is generally in