The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-06-15
Closing at High Point Of the Day
Rust Reports Come In
About Noon
All Eyes Now on the Northwest,
Watching the Plant as
It Grows.
A Situation Not Alarming, Yet
Having Very Serious Pos
sibilities.

Minneapolis Chamber of Commerce. June 10
Just midway in June wheat turned up to new
high points for the September option, ana
strength ruled all thru the markets. Today
being the 18th, the trade has begun to think
that something of Importance ought to be COM
ing along with reference to the spring wheat.
1t is really too early to tell much about It.
but the weather has not favored the growth,
and instead of being advanced, the crop on the
whole is week to ten days behind normal IN IN
development. Mean while the old rust talk Is
coming up again. The situation Is such that
1t would not take much to scare the trade
Rain last night in the northwest was an In,
huencc of Importance, but this was not so bad
in itself, the fall being light down thru the
valley except at Comstock, where 1t rained
hard. The forecast however, was for more
rain tonight, and this was anything but 1aVor-
able. The northwest Is certainly getting too
much dark and damp weather for the crop to
come along in best condition.. GOOD growing
weather is needed, such as the country has
had of late, but which has been broken into
all too frequently by the dark and rainy days.
The talk of rust yesterday served to turn the
attention of the trade back to the northwest
and altho some more glowing reports came In
from the southwest, they carried less weight
It is not unusual for reports from Kansas and
Oklahoma to vary, but this year they are so
wide apart to cause free comment. Some
observers see wonders in the lineup, but others,
good judges say the outcome will be disap-
pointing to the many now counting upon record
breaking yields. The Price Current says the
corn crop has recently been generally attended
with seasonable conditions. Previous adverse In
Of the crop is in good average promise as a
whole closely approaching or equall1ng the aver
age of years. No new Developments In the
wheat crop. ,
All one can say with defniteness, Is that
there is somewhat larger acreage than last
year in the three states, and the possibility
Of the production Of a considerably larger crop
Minneapolis received 1893 cars against 100,
Duluth 10 against 20, and Chicago against 81
Winnipeg got 70 against r. Kansas City
had 5000 blu compared with $4,000, and St
Louis 25 900 compared with 1000. Minneapolis
elevator stocks decreased about l2o,OoO Du SC
far for the week.
Primary receipts 241, 600 bu against 3l4,ooO
clearances, 81, 900 bu. e.
- Broomhall wired from Evansville, Ind, t.
Watson: Cutting commenced, promise 10 t.
20 Blu; average under 10 bu; some fields quality
poor to good; rpening uneven; weather hot ant
showery; late wheat showing some rust but moi
b serious"
81 Broomhall cabled: Liverpool wheat. respond
ing to weakness in America yesterday, opened
I'D lower and further declined 3s@Ad during
the morning smaller inquiry for cargoes of
coast. Corn opened I'd lower for July, furthe
declined I'D under the influence of a pause II
demand and more pressure Of cargoes and par
GELS for distant positions p. ..... !
The weather map shows rains and snow In thu
Canadian northwest, with temperatures decided.
lower. Rains in the Dakotas, Minnesota Ne
braska and Iowa Temperatures In southWes
high also over central states
Rust reports began coming after the noon hou
and the market turned very strong, advancing
rapidly and closing at high point.
September closed at S7Ac, July at $l.O95s.