The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-06-07
They Come Pouring About Noon,
All Telling of the Good
Crop Prospects.
The Market Breaks About Two
& Cents All Around, Clos
ing Weak.
Primary Receipts Fall Off Some
what, but Still Run
g. Heavy Here.

Minneapolis Chamber Of Commerce. June =
Wheat still held In narrow range thru the major
part or the session going down about
cables were irmer than expected due partly
to unfavorable Russian crop advices, but more
especially, Broomhall said, to the fact that u
cargo of Argentine wheat headed for Liver
to have been diverted to Portugal. Liverpool
corn was very strong. futures coming 7sd high
er, against 1sd advance for wheat, and cash
corn selling up equal to about &c in money
The Chicago Trade Bulletin sent out fg-
for the worlds stocks that were favorable
900 bu, compared with II. 2S3, 900 blu decrease In
April and only 1859, 600 bu decrease in May a
year ago. This makes the total now 1875, 81 900
bu, compared with 1872 BOG. 900 bu OH June l.
1904. The items on the other side of the price
question were the heavier local receipts, 145
cars coming in here, against 70. The small de-
crease In elevator stocks, at 100, 900 bu so far
on the week, was disappointment to holders
Of wheat, and the bears also found help in the
closing of two -four mills by one of the large
companies. The weather map showed more
rain, but nothing at all alarming. Oklahoma,
Missouri, Kentucky, Ohio and Texas got rain,
and at Amarillo, Texas, 1t was still raining
this morning. The movement elsewhere was
partial offset to the increase at Minneapolis,
for Winnipeg got only 4S cars, against e..
Chicago nothing, against 20; Duluth g. against
a; st. Louis, $4,000 bu, against $4,000, and
Kansas City $4,000 bu, against 5000 blu.
Good crop reports began to come about noon
and the market could not stand against the sell
ang that followed. September lost almost DC from
high point before the decline was checked A
Kansas City message said: -Four Oklahoma
millers on change say 100000 to 80 900 900
bu for Oklahoma. New hard wheat will begin
moving June is to 20. Quality fine" Wichita
message to the same house said: Sumner coun.
ty will raise 1000, 600 bu wheat. Kansas crop
IS 900 900 bu."
St. Louis message said: ''Teasdale core
spondents over the state estimate that there W.
be about so per cent more wheat than las,
gear, and that farmers will not sell at less
than 75c soc per bu.''
views relative to the wheat situation: "An in
dications point toward one of the Target soft
winter wheat crops this country has ever raised
Hard winter wheat is about average. The
damage reports received have only from
isolated spots and recent favorable weather has
brought about distinct improvement in those dis
tricts''
Snow says: believe government report Satur
day will show winter wheat condition about 80
Texas, Oklahoma, Kansas and Missouri will show
lower than last month. Other important states
will show small changes. Acreage Of spring
wheat will likely show small increase over las
year, bringing the official estimate up to per
haps II, 500, 900 acres. The condition will bf
higher in all states and should show an average
of 95. The government estimate Of spring whea
acreage has proven too low for a number O.
years, and will be fully $500, 900 acres tot
small this year, If reported above Indicated
These reports were too much for the marke
and the close weak around low points.
Primar y receipts 100, 900 bu against 269, 600
Clearances wheat and -four so, 900 bu.
September closed at S44sc and July at 81 .OSA