The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-07-21
"a Wild Bull Day in the Pit The
Close Strong at the Top
Point.
December Up to s41ac, Closing
Strong Big Buying Orders
Come In.
Black Rust Reports Continue CoTa.
ing from Many Widely
Scattered Fields.

Minneapolis Chamber Of Commerce. July 2l.-
1t was wild bull market in wheat today. By
s 1920 am. September had sold to 96%c against
yesterdays close at 921sc, and December to
92skc against sec. Rust reports came thick and
fast from widely scattered localities in the north
west and everybody rushed in to buy. Chicago
began to believe the rust news and was strong
and quick to advance with Minneapolis. The
trade was in state of extreme nervousness with
the shorts on the verge of panic. No one knows
just how seriously to take the news Ihe rust
Is present in many places and with weather OF
the sort to send it thru the fields 1t could prinS
on crop calamity Yet all agree that with IA
yorable weather 1t might not do SO much dam
age after all. The forecast today was not pad
the ruling weather was favorable on the Whoie
ana the conservatives pinned hope to the clear
skies, for If the wheat can come along 1ast
enough the losses will be lessened. inns nope
was weakened by II o'clock, for rain had oegun
to fall at Fargo, Moorhead and Comstock. ram!
weather is most undesirable JUST now, tof. -
long continued, it would mean further delay 70
tha crop and there would also be the danger OF
high temperatures following rains, which Would
mean vapor and condition likely 70 spreau o sne
rust This latter feature sent September 70 et =
December Jagged little, and having sou "
eSNc ON the earlier rise now halted at sS1s
being checked by rather heavy realizing.
No attention was paid to statistics or routine
news The estimated decrease for this week VI
R25 OOO hn IN Minneapolis stocks was strengthen
ing, but few even cared to know ABOUT II, 81
largely was attention directed towards the crop
news The southwest got plenty OF wheat aealn,
LAP. GOO bu at st. Louis and 100000 at Kansas
CITY vet by comparison with 14O, 900 ana zzoooO
a wear ago the figures did not look SO heavy as
Of late, Minneapolis got 81 cars company
with a. Duluth against 81 and chicago LII
against %. IA ooc
'bu: olearanoes' Las, 900 bu.
The later weather forecast reads; LUNGS %;s
and Indiana showers; Missouri, Michigan VIZ
consin. Minnesota. Iowa and North Dakota, 1alr
South Dakota and Kansas, local rains.
The Modern Miller says Returns from win
ter wheat milling correspondents in ten states
and two territories, in answer to inquiries al
to the yield per acre, quality of grain, tn
movement of crop and whether farmers WI
hold or SELL show the following conclusions
IN the states Of Michigan, Ohio, Indiana Ken
tucky and Nebraska yield generally high Kan
sas fair, Missouri Illinois and Oklahoma lrreg
uIar. best In Missouri, Tennessee, Indian lett
tory and Texas, light. Quality good IN, mos
sections poorest in states south OF the oh1
river and Texas and territories where mos
damaged by rains. Lightweight grain Eeporte
i'm these sections. Movement free where thresh
ing could be done, and generally believed tina
farmers will hold If prices decline too much
Many farmers are stacking. In states Wher
wheat is most damaged farmers fear: .keepin
it and will SELL" sss 81 Esa fSTs&,
Z The market was wild near the close. advant
ing by big Jumps September closed at se
and December at ,941 ac. sa.4