The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-07
September Falls to 8614c, but
Firms Up a Little Before
the Close.
Reports Indicate Good Crop Prog
ress in the Northwest Over
Sunday.
Snow Sees 44o,ooo,ooo Blu Winter
and Possibly 100000
Spring Wheat.

Minneapolis Chamber al Commerce, Aug. T.
September wheat was very heavy, when the
+ market opened this morning, affected by favor
able reports coming in over Sunday. The line
up to start the week favorable to the bears.
Judging from country advices the crop not only
held its own, but pulled ahead little more,
and the time margin in which the rust has got
to work is narrowing with each day that brings
the crop closer to maturity. !. Cutting of wheat
is going on and the work is spreading points
far out Hoffman and Glenwood reporting
macaroni wheat being harvested and that the
spring wheat will be ready for cutting in few
days. The Chicago bears, encouraged by the
generally favorable weather over Sunday; sent
out bearish reports on everything, and could see
good in anything. 1t was too much for the
: bulls, and September wheat was off to s6&c
against SS@SS1sc, the closing trading price
Saturday. AS this was 131sc down from high
point of 99$4c, touched during: the recent boom,
many thought it low, enough in a speculative
way. and some commission house buying was
noted. but no good support could be seen. The
fact that it raned for hour this morning
ut Fargo and reports of rain at Devils Lake
and other points. made a little frmness and
turned market back above SIC. but the strength
was shortlived and new selling sent it down
to s6Mc. The bearsh reports from Chicago
covered every thing, including corn, and while
they were unquestionably justified in general
tenor by the state Of affairs. they were if any
thing. too optimistic for this date. Their ef-
feet was to make new buyers hold off and timid
holders let go. @"'
Much winter wheat showed up here, and in
all 2e5 cars were in against 173. Toledo got
q, but Chicago, while running over with 191
against 1853, had really less stuff in IMAM ex-
pected. Winnipeg got only cars wheat against
&c. and the southwest fell off sharply the early
reports estimating only 441, 900 bu for Kansas
City against 674, OOO and for St. Louis q !. 600
against 225,o0o. Minneapolis stocks decreased
Primary receipts. 1922, 900 bu against /, $685.
600. Clearances. % 900 blu.
Broomhalis cable says: Rumania reports some
showers, but drought continues generally threat
to tha riaO
official report makes the wheat crop 1872 900 900
bu; last year. 1856, 900. Maize and other
late spring crops promise below average, owing
to the drought.
New York wired: "Ten more loads corn for
export. This makes total of forty for Saturday
and today
Wisconsin. fair, variable winds; Missouri fair,
cooler; Iowa. Nebraska and South Dakota, fair
warmer; Minnesota. local rains north, fair south
warmer North Dakota, fair, cooler; Kansas
fair variable winds.
The market frmer the end, septeln-
Der closing at S7hc. I -
Ellsworth of Milwaukee on Change. Mr..
Shields says the feature Of the present movement
Of winter wheat into Kansas City is the good
Well up. f'O- >~'' ~ 49, '''7
Cummings weekly crop summary read in part
as follows: Moorhead. Minn.-Where wheat was
safe now and promises a big crop. 1t is
-rusted but not damaged to any extent. Lisbon,
n. D.-Weather fine past few days and good
wheat crop almost safe. cutting will COM
mence within a week. Hoople, N. D.--Crop al
most safe and will average close to 25 bu per
acre weather perfect for maturing crop. Par
ker's Prairie, Mnn.-Wheat good in this vi
entity. but smut reported from west Of here.
Shows monthly report makes the condition OF
corn on Aug. 1 S. against Ss.4 on July 1.
The situation is much mixed even in the same
state, in some counties a perfect prospect and
In others low condition. In Indiana Illinois
and Nebraska the outlook is improved but toe
much rain has prevented seasonable development
south of the Ohio river, and in portions of tile
Missouri valley Last year at this date the
condition was ST.
Heavy rains interfered with harvesting and
caused some loss in quantity and damage to
quality of oats. The condition at harvest is
reported S95 against 81. s July 1.
Returns covering threshng done to Aug /
show winter wheat yield heavier than was in
dcated. In Texas, Tennessee, Kentucky and
Missouri the yield and quality are poorer than
expected. largely because of rain during harvest
but In the heavy producing districts the yield
Is good occasionally running to extraordinary
figures.
The average of threshing to date is a. bu
indicating. If maintained by later results "a
winter wheat crop of at least 44O 600 900 bu
Condition of spring wheat is reported at 50 =
against 90.S on July l. The decline is due la rye
~ to the uncertainties of the rust situation IL
the northwest. When the returns were made
correspondents admit that little damage hat
been actually done, but the trouble was present
and the condition figures are lowered in appre
hension. Last year the condition on Aug l was
S4S II no further damage develops in tla
next two weeks spring wheat crop of about
2S5.oOO, 900 bu is a reasonable expectation, witt
slightly more than 20OOOOOOO bu in the three
northwest states. 1t must be remembered. how,
ever, that the danger of serious rust visitation
will not be passed before Aug 10