The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-02
September Goes to $3.50, 11114c
Under the Top Touched in
Recent Bull Market.
Good Weather. and Weaker Mar
kets in Europe Prompt Heavy
Selling All Around.
Northwest Situation Still Uncer=
tain Winter Wheat Moving
In Freely.

Minneapolis Chamber Of Commerce, Aug. 2.-
Continuation Of the heavy dragging market saw
September wheat down to SS!ac early today, 4
feeble rally following with the price inclined to
sag again by IL O'Clock. The weather good
in the northwest and the forecast favorable
Some rain, in the form of local showers, is
likely for Minnesota but the promise is for
continued weather OF nature to bring the wheat
along. For the Dailotas fair weather and vari-
able winds are predicted. Nothing in sight indi-
Gates i return to mnggy weather. Extreme heat
and mrggness would spread the rust and be very
bad, but apparently 1T is not to come, for the
present at least. The big foreign influence, the
bad Russian crop summary of Broomhall, lost
its effect today, for the reason that the foreign
markets failed to show scare, but more espe-
cially because the effect of Russian scarcity
would not be felt for time yet in any case,
and the trade figures that if there Is to be
an American exportabe surplus it will be seek
ing an outlet before long. London and Antwerp
were unchanged, Paris trihe lower Budapest
sc of, Liverpool y q sd lower and Berlin at an
advance Of sc was the only European market
not on the sag. This made 1T. look as II the
European trade has not taken the Russian crop
Antwerp to Harris Scotch said the general Eu-
ropean crop outlook Is better. A Toronto house,
offering wheat to the Mediterranean, chimed Ill
with a word to the effect that 1t could DO no
business abroad.
The local movement again ran away over last
year. 1915 turning up against II. while Chi
cago showed even larger excess with 2O9 cars
against IS. Duluth got % against ~. Kansas
and st. Louis 100000 against 1874, 600. Minneap-
oils elevst tor stocks decreased for the week by
POO, 600 bu
Clearances 1900 hu. wheat and -four
Primary receipts i ,347 900 bu against s4S, 600.
A Northwestern Miller representative wired:
During two days travel thru northern Mime
sofa find no black rust. Crops looking fine
Kansas City wired: ga large miller here says
he is getting cable acceptances every morn1ns
for more flour than he can furnish on basis OF
SOC wheat at Kansas City. The cash s1tuatlof
Is getting strong. - -.
A message from Huron s.. D., says: Range
- to IS blu, some blight. Harvest general trs'
of next week. Heavy rains"
letter from Iroquois, s. D., says: consider
able head blight here. Also great deal OF rain
I have been in one field thta at least 20 per cen
or more was smut As far as I can learn i
extends over a large territory in this section.
have been in some fields which will lnot average
more than to 10 bu.' - r.
Broomhall says: ''We have confirmation from
Russia that the wheat crop situation Is fair t.
good In the southwest and south central district
Including Crimea. In the Azov districts the STU
alton is rather poor. We are asking for lates
word of conditions southeast and east Rye crol
generally under average and In poor condltlon.