The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-12
Nine Cars in Today and Some,
thing of a Showing Expected
by Next Week. -
All Reports Favorable and the
Bulls Influenced to Sell Out
Over Sunday.
Slight Rally Near the Close, but
the Bears Apparently Still
in Control.

Minneapolis Chamber Of Commerce, Aug: L.
September wheat at s3Ac the showing at |
low time today. The market was aepsesSsu
from the start. Near the close d Attle ia'y
helped the price somewhat but apparently IL !
was only the covering up OF short wneat put
out earlier. and the market showed no sign OF
change the bears being stu prea son ~:
During the morning report came from tne
Spencer party at the Darymp!e Farm IN Nostn
Dakota to the effect that yields Will De heav,
Ter than last year by far, this suppiemeniIeeu
by c. r. Lewis Of the party, who says this hods
good generally around that part OF the area
The weather good. the forecast favorable
and nine cars OF new stun sn1weG W whaaf
will be in Oh Monday, and 1t was Impossible 10
hold the market. When the primary hgures ap-
peared and total receipts were sno"a oo 10 200 De
! there was little buying, and near the emu
Watson bought September, this hrming 1t up:
AS the market closed there were predictions OF
lower prices next week. but on the other hand
few good traders about ready to accept
the view that the market has had punishment
enough. and that the most favorable news has
been heard Anything at all bad would no
doubt have effect very quickly, for there is a
large short interest outstanding In Minneapolis
September wheat, but there is nothing 6 "a.
coming. Threshing returns were in from ten DIFF
ferent points, and all were OF yields running
from Is to % bushels to the acre. Some al
lowance made for these, as they likely
represent the best wheat in the sections coy
cred, and later yields will probably run small
er. Still they had depressing effect.
The new wheat coming was $, OF high o craze
despite a good of winter wheatI fell under
this morning with 112 against 133 Du-
11a. Kansas city received 1874, 900 blu against
$4,000 and st. Louis 153. 900 against 21S,OOO
Winnipeg got 10 cars against n. Minneapolis
stocks decreased e22 1872 bu for the week leav,
ing 251O.437 bu in store. Contract stocks are
now 1865 561 bu. a decrease Of 1915 Total
stocks are now s3O,4O5 less than at this date
last year.
oIo1
northwest has just about got its grip on the
most magnificent crop Of wheat, fax, barley and
oats ever, secured. Another week will put us
: clear to the good of everything but a little
late fax When the Commercial Record made
its estimate of go. 900. 900 bu for the spring
wheat crop of the northwest. it was made with
the reservation barring black rust We are
happy to be able to announce that black rust
for 1905 is longer to be feared. The time
has gone by for 1t to do any damage; and 1t
. to be able to announce final and definite figures
about the Goth or 25th of this month The
estimate on fax cannot be furnished before
Sept. 10 whereabouts, but there is every rea-
son for believing that the total will be
exceeded by but one previous year. 1902"
''Next week will cover the wind-up of the
northwest wheat crop. Some estimates are forth
3 coming already. B. W. Snow announced figures
Monday Of 200. oo0,0 900 for the three states:
: 40O00.OOO for winter wheat and 2S5. 900. 900
for spring wheat, total on Aug. Of 725, 900,
600 for the United States. The Minneapolis
, Market Record gave a compilation Of reports,
without Endorsement at POT 900, 900 for the
northwest. The Duluth Commercial Record has
given 225, 900, 600 late July figure, but it
may amend this total later. Some Of the eleva-
tor companies placing totals at 100000. 900.
We shall not compile until later in the month.
when late wheat results be determined to
better advantage. r The web taharvest is in
: progress up to the 500 road The oats and
barley harvest is general. The two latter crops
promise we'll. but there will be disappointing
yields in many localities due to rust damage
and to June rain effects. The rye harvest is
disappointing in southern Minnesota as the
crop did not fill we'll. Corn, on the whole,
will be disappointing the prairies. 1t is
good in the timber counties The hay crop
is heavy and generally secured under favorable
circumstances"
The weather map showed light rains at Bis.
? marck. Huron and st. Paul and rain at Rapid
City. Rains in Nebraska. Raining at Witch.
I ita. Generally cooler in northwest and west
Rains in Ohio valley. with high temperatures
in Mississippi and Ohio valleys: The forecast
says: Illinois, Indiana and Michigan, partly
T. cloudy, cooler; Missouri and Iowa. fair tonight
g. local rains west, Sunday cooler; Wisconsin ant
Minnesota fair tonight and Sunday, cooler
South Dnkota: Nebraska and Kansas. local rains
tonight and Sunday, cooler; North Dkota, fair
cooler.