The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-06-02
Modern Miller and Snow Both
Summarize the Winter Wheat
Favorably.
Receipts Here Run Lighter and
the Forecast Is Rather
Uncertain. III,
The Flour Situation Sized Up
Locally-Gossip of the
" - =. Trade. -.

Minneap polls Chamber of Commerce June q
Strength in wheat again very marked to-
day, all options showing tendency to rise. The
market held down at first by heavier Argen-
tine shipments than had been expected, which
weakened Liverpool a trhe, but this effect was
short-lived against crop reports of an unfavor-
able nature from the winter wheat fields and d
weather forecast for tonight not the most favor
able. Inglis continues sending in reports that
indicate moderate yields in important winter
wheat localities, and the condition in Missouri,
which is now placed at 81 against 81 on May l
and Sc on July 1 last year. rather confirms
him. The Missouri condition also foreshadowS
, lower government report for June ~. More
rain winter wheat territory would not be
good thing, yet rain is probable tonight. The
s local showing help for against recent
heavy receipts only ISL were in this
morning, AZ less than on the corresponding
day of last year. Duluth got against f.
Chicago s against T. Kansas City $4,000 bu
against $4,000 and st. Louis $4,000 against
25,oCo. Local elevator stocks are about Il
standoff for the week, the estimate being Tor
a probable slight decrease.
Poeher says: mot much is being said about
! the -four market these days, probably owing to
the fact that the wheat market has been so
elively that it has attracted all the attention
Demand for -four Is still disappointing to mill
sers Some mills report fair business, others
poor There Is, however. one very encouraging
feature. and that IS that -four buyers believe
that they will be able to buy -four at lower
prices sooner or later, and are holding on
Their stocks. nevertheless, are being gradually
reduced. and 1t is question Of at most not
cover thirty days when they will be forced to
buy freely 1t therefore looks If the big
-four demand of July and August Of 1908 and
1904 would again be notable feature In 1900
If this proves true. there will be big milling
s demand for cash wheat in July and August
and very likely in September. that new wheat
i from the southwest will likely go into con-
sumption instead Of in store, and as usual
: want to fill their July and September contracts.
z Chicago is no longer natural wheat market
Z The only time that market gets any actual
+ wheat Is when shorts are squeezed. It may,
therefore, be we'll to think twice before selling
short too freely either July or September wheat
4 at present prices In that market
& The Modern Miller says: More favorable
weather conditions. including less moisture ant
j more warmth. had beneficial effect on winter
5 wheat crop In sections where the growth of the
plant has been backward account of low
tempera lures which had prevailed for some time
No serious damage is indicated where rust |:
4prevalent and there is little injury by fly
The harmful effects Of unfavorabe weather con
&ditions evident in localities wher
deterioration had previously been reported. Tht
general condition Of the crop was material.
reduced during May in Texas. the territories
ain the soft winter wheat section of Kansa
zand in Missouri and Tennessee. Harvest ha
commenced in the southern states and is ad
.vancing rapidly
7 Shows crop report makes the winter whea
condition SS.S against OIL May 1. This &c
Ecline is much less than usually occurs during
May, and IS indicative Of high crop possibilities
THE decline is confined to the southwest. Texas
E12 points: Oklahoma. I; Missouri, S; Kansas,
51.ocal dry weather early in the month followe
by excessive rains later Is the principal caus
sof complaint. Rust the blade is freely re
sported in this district but with no evidenc
Syet of any appearance the stalk. Previou
high condition maintained elsewhere. Ampl
moisture in every section promise fully up
1865, 100000 bu. Growth slow because of coo
5weather and too much rain, but plant reporte
vigorous and good promise for stooling. Corr
planting seriously delayed by continued we
necessary.
Primary receipts 100000 bu against 3os, Oot
HClearances 50. 900 blu.
July wheat closed at s111% and septembe
aat S6Ac.