The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-05-27
senten4h ,er Meets Some Free Sell
ING al the Opening of the
f;f> p Market.
-.:, H.:
Receipts Here Run Heavy and Pri-
mary Receipts Comparative
~ Ii rge' -.' ~
The Decrease in Ii zeal Elevator
Stocks Much Less imam
Expected.

MINNEAPOLIS Chamber Of Commerce, -'ninis
Wheat lost its extreme strength this n ~anerai
selling off all around, but showing no \ ,IIinp
change toward weakness. 1t was the sa1
out over Sunday and selling of long WI. IT
by people who evidently thought the price Az
high enough anyway that eased II. one pIoi
nent house sold heavily at the start. Inc oul'
found disappointment in several things locaS
principal Of which were a showing or 3lo ours
here against 1871, and decrease OF 1oo4s pu
In elevator stocks against an estimated uecieoe
of 375OOO This is the third successive week
of decreases considerably under the estinnat es'
and the total wheat stock, now ',loo'4o' W.
has not fallen off as fast as had Deen eApectee'
The estimate of the secretary's office this MORN
ing was for decrease for the one DAY 10 DC
figured in next week Of 100000, when peins
at rate equal to 100000 bu week snoulu
ordinarily have had some effect, but the traders
having been three times disappointed IN the
outcome in as many weeks, were little sKepti-
cal. The primary receipts We're enormously ~ IN
excess of year ago, 1000 blu against 9l,ooo'
Duluth and Chicago had cars and Ii respect
lively against a holiday last year. which made
q little difference, but not enough to account
FOR the big increase. The southwest figured IN
rather important way running over at a. oo u!.
st. Louis and Kansas City, with $4,000 bu
against $4,000 and st. Louis 81 900 against 3d.
900. Up at Winnipeg there were 81 cars against
81. ...., .
The weather map showed heavy rains In the
southwest; 1856 inches at Amarillo, Texas, 125
at Abilene, Texas, and 1.16 around Oklahoma
City; Dodge City had is and Wichita, Kan,
trace. Sioux city showed 81, and North Platte
md Valentine, Neb., 80 and 1.O2. This was
too much for the bears, especially in view or
a forecast that promises more over Sunday
and makes it look like showers for Minnesota
and the Dakotas, and while they sold little
wheat. they went cautiously and stood ready TO
buy 1t back quickly
The Commercial West says: northwestern
conditions are already being commented on and
1t has been suggested this week that the Inc
northwest will have 250,000,HoG bushels All
of this species of crop-guessing at this season
is of no account. We care very little In rela-
ton to the result what wheat is June l unless
it be positively killed at the time of germina
ton Poor seed wheat will ger inmate and make
showing on the ground early, but when tne
test Of hot weather comes it will develop ina,
the plant lacks vitality and natures with small
yield. We anticipate some very fine yields TINS
wear in those sections Of the northwest where
good seed was sown and good moisture con
ditions have governed. 1t Is plain already
that there will be some loss In the Red Rive
valley, due to water overflow. Portions or tht
Jim River valley report seed not stool1ng Wen
In view of all these facts we anticipate tn
spotted crop that the northwest usually har
vests, and whether will be high low o
between the two in its result, it Is foolish a
this time to prophesy.'
Mckinney, Texas wired Mar Held that lat
storms were very disastrous to the wheat GRO
in black lands. Hopes of good crops ar
abandoned. Cutting Will not conn hence for abou
ten days. Pan Handle crop imp roved.
A special to the Modern Miller says ''Toluc
Mexico commissioners appointed by PresideI
Diaz reports large shortage in The wheat Gro
and prices have advanced 81 per cargo, or Spar
ish measure, equal to five bushels and fort
pounds
Broomhau estimates worlds shipments #
past week at 100000 bu compared with II
'O16OOO the previous week, of this Europe wi
take about S,0OO,00O. He looks for some d.
crease on passage.
The Simonds- Shields Grain company of Kal
sas City wired the Armour Grain com pany: "R,
ports today and yesterday all Indicate consider
able improvement In Kansas owing: to recer
rains. Those taking most discouraging vie
of the situation estimate about 7E,,OO0, 900 b
in Kansas. We think will have fullys tht
amount. Records show Kansas has never ha
but three crops of over $4,000 HN in 1908.
1901 and 1900, and only other crop Of owe
O,00O 900 bu, which was In 1892 > = '"'@ a.
The market was easy the close, Septen
Der closing at S5Ac. July at S1.ODA.