The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-07-27
September Hesitates All Thru
Against Weather Reports of
Bullish Nature.
Near the End Prices Rise Rapidly
with Shorts Scared Into
Cover.
Winter Wheat Movement Now
Shifting More to the
Northward.

Minneapolis Chamber Of Commerce, July 2l.-
Mhea bnlles little this morning going asSss
" from Gaze to 9214e. The early market
afforded good illustration Of the difficulty or
doing anything big on the bull side without the
support OF the larger houses for conditions were
such as would have sent the price bounding last
week. Rain fell over the Red River valley. and
nearly every important point had it to report
sent messages telling of precipitation steady
and continuous, tho not heavy. and at 1890
1t was still raining. The bulls tried to move
the wheat up this, but on every little ad-
vance some came on sale and the progress was
slow. Chicago quoted Howard Commons Of Min.
neapolis as saying that the rust damage was
entirely matter Of weather, and other north
west men in the same strain. and the Chicago
on ene oaeseae As the nor4hwest nov stanas
1t Is race against time for much Of the wheat
II 1t comes along rapidly 1t Will turn out well
known to exist. If it is delayed. the rust may
get it, hence, in a speculative way, the weather
today was unfavorable and wheat should have
One influence against it was the northward
trend OF the winter wheat movement, no less
than 95 cars Of winter wheat coming In here,
only 81 cars turned up. the total, including a
little mixed and western stuff, running to 1e1
cars against 81. Chicago also illustrated the
got only 14b.ooo blu against 1s6. 900. Chicago
received 2e7 against 95. Kansas City did
not quite up to expectations yet the 24e, 900
bu received looked very bearish against only
28,50O a year ago. The primary receipts ran
over again, totaling 100000 bu against 71b, 900.
Clearances today only 18, 900 bu wheat and dour.
Minneapolis stocks have decreased 100000 Blu 50
far this week. 81
Winnipeg received 81 against Al. s..
Broomhall sent over an ambiguous summary
Of the Russian crop situation, which some took
as moderately bullish few thought to be
nothing very serious either way, and Others
Viewed as extremely bulAsh, In the hint at
possible famine in parts Of ths empire.
Most Of the daily comment was bearish. A
Il saw report that black rust had been
found on the Dalrymple farm. I went out there
from all sorts OF rust. Some fields were 50
thick that 1 could scarcely walk thru it. I
Side and found one Theat ned 6sdly hit By
i red rust, but generally 1t is about the same
! as in other sections about here. I see by market
gossip that Snow is up at Grand Forks sending
: bad reports. Well, he is about right, as the
valley for long distance north Of Grand Forks
Is the poorest have met, the land being low
and cold"
Dennis Of Chicago says: I'm regard to for
eign demand, I don't think they will come tr
us until they into their own wheat AMI
we go ito bargain-counter prices. England
and France are harvesting now and stocks are
practically normal, with new wheat staring then
In, the face. Outside Of damage in the north
west we must seek an outlet tor our wheat first
before wet get sustained bull EFFORT
Near the close the sensational doings in Win
nipeg scared in good many shorts and a fail
advance was scored.
esso es%ten'SF closed at 'S%e and July at e07'