The Minneapolis journal., 1905-06-20
A Multitude Of Growing Reports
from Men Prominent in
the Trade.
Who See One of the Largest
Winter Wheat Crops Ever
- Raised.
In Face of It All the Market
Advances and Closes
Strong.

Ninneapols Chamber Of Commerce, June 20
Wheat sold down to 81 Ac ana up 10 go ,s, ue
,ore the session was half over this morning ana
appeared to be heading higher, altho inclined 10
tall back little on pressure At SIC the mar
ket was stout. Considerable wheat was sota'
hut 1t was we'll taken. The crop examiners VINO
have been in the winter wheat fields came back
10 Chicago this morning and thta market Ia1r!y
,wam in bearishness. c. Fl. Spencer says ne 10
very bearish that the southwest Will raise the
biggest crop ever, and that some day "neat
must sell on an export basis. Robert Pringle
rays the southwest has 100, ,0OO,OOO bu more than
last year, and H. B. Slaughter says that II the
prop is not the largest 1t is at least the SECOND
largest ever raised. These were not all lhere
were other bearish reports, but the above are
rood samples. Chicago is SO bearish that there
Is danger speculatively speaking, from an excess
Df it. If the men who are seeing tne grea' @
Fields Of winter wheat have backed their judg'
nent in the market, there must be considerable
short wheat outstanding -....,
Nothing appeared in the weather reports to
disturb the trade The northwest showed
temperatures ranging from 30 to 81 above, with
skies generally clear. The Canadian northwest
had lain over the western half. The Ohio valley
got considerable rain, showing 1:O6 inches a,
Louisville and 80 at Columbus. The southwest
got trace thru Kansas and Oklahoma but not
enough anywhere to do much harm.
Minneapolis received 149 cars against 126
Duluth 26 against GA and Chicago against AZ
st. Louis received 10000 bu against ID, 900 ant
Kansas City $1,000 against $4,000. Winnipeg
had 81 against 199.
Minneapolis elevator stocks decreased 200, ,0Ot
bu far on the week. .
streets, decreased by 2,797,O00 bu, of which
total 1887 ,O00 appears in the quantity east o.
the Rockies and 100000 In Europe or afoat fol
Europe.
Primary receipts, 242, 900 bu against 2so,ooo
clearances, 8. 900 bu. ...E s>s.-.
Captain Phillips wired from Newton, Kan.
Everybody cutting wheat. Corn all laid by
Will be mostly thru cutting this week Corr
from waist-high to horses back. Couldn't bt
better weather for everything
Professor Bolley, the agricultural crop exper
of North Dakota, who was quoted last week al
predicting damage by rust, says: II am no
predicting black rust. The spores are In evl
*dence as they are every year, but are not doing
the least harm. l consider the crop outlook t.
date as never better"
4, A Kansas City message said: "Mr. Hoyt o
the Hoyt Grain company is back from an ex
tended trip over Kansas He says: I woul
mot be surprised at $4,000, 900 bu wheat TO
Kansas. Thousands Of acres in western Kan
sas will go % to 80 bu to the acre. wher
previous reports estimated 10 to 16 bu.' &
Following is the Liverpool weekly crop sum
mary: United Kingdom-The past week ha
been the most favorable of the season France
Continued rains and storms beginning
cause complaints of rust and lodging GeI
rnany-Generally favorable conditions for tn
crop. Rumania and Bulgaria-Damage by storm
IS unimportant and prospects are now excellent
,Russia-Reports are now quite favorable; som
indication Of smaller shipments. Italy-Mode1
ate complaints of damage to the crop Del
mark-Reports are unfavorable.,
Broomhall says: French crop estimate by th
Marche Francaise indicates out-turn of 2SS
900 bu against 2Ss, O0O,O 900 bu last year. tn
indicates considerable import requirements tn
next season.
Predictions of rain for tonight and rain fal
Ing In Oklahoma made the market very stron
at the close.
September closed at sessc and July at $1.0s1