The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-07-11
September Closes at $3.50 After
a Day Of Bear News and
Free Selling.
Government Report to Come This
Afternoon Weather Con-
tinues Favorable.
Weekly Summary Of the Weather
Bureau Finds Some Bad
Features.

~v,nneano,is Chamber of Commerce, July IL.
Government report day found the market IN the
usual waiting mood. The figures month ago
were sb.5 for winter wheat and 99.7 for spring.
This was ciphered cut to mean anywhere from
nc, 900, 900 to ,74O. 100000 blu wheat The popu,
ar totals were 430, OOO, 900 bu for winter and
eso. 600 900 for spring. What the government
will show this afternoon will be In the ma
ture of decline in all probability, but tne
morning expressions indicated that not mucn
of decline Is expected by the trade mere
may be disappointment In this, and spring wheat
may show a drop of 5sor 8 points or even more,
for while the weather now Is highly IaVoraple
and the northwest crop looks better, the sum
mary will embrace reports gathered July !
when the outlook was decidedly less favorable.
Nothing but good news came IN thru the early
part Of the session. and nearly everything was
bearish, yet September stuck at SIC and re,
acted, and to IL o'clock was stubborn around
e21ac. The southwest struck a new note, Kan
ass CITY reporting the river high and proDa-
bidty Of food damage with any further heavy
rain. This stirred the corn traders most, out IL
had some effect in wheat. Considerable winter
wheat land had more rain last night. Evans
Vile. Ind. led off with 3.s2 inches, and more
or less rain fell in Illinois, Kentucky. tennessee
Michigan and Ohio. The forecast is favorable for
the northwest, except for possible showers 1or
Minnesota and the Dakotas tonight.
Northwest receipts again ran light, only 121
cars here against 172. and 10 against As at
Duluth with Winnipeg showing Ill against 19l.
The winter wheat market ran up, however. o..
louis with 10000 blu against 49, 600 and Kansas
CITY 10000 against 1000. Minneapolis elevator
stocks decreased 200 900 bu for three days.
Bradstreet's report Of the worlds visible showed
decrease OF 2,4O0, 600 bu. The Chicago Trade
Bulletin figures present worlds stocks at fl26,:
300 600 bu against 1928, 900, 900 week ago and
900 year ago.
Primary receipts, 465, 900 blu against 24S,OOO;
rlearances, 10000 bu
miller of Minnesota writes in from the
country as follows! ION a trip Of practically
1000 miles thru Minnesota and the Dakotas we
find that the crop is very uneven and spotted
It is hard as yet to judge what the outcome
WIN be. With good weather, the best we car
sSpect Is moderate crop IN the three states res
fair crop, but If the rain continues or the
rust strikes the crop, we cannot expect any
more probably as much as raised In the
three states last year. We note that the croI
estimators are figuring that the crop is from
ten days to two weeks late. The writer Travelled
thru large territory which he has been &C
end has seen the crops far advanced OF
Sune IL as they this year July g.. There
Is no question in our minds but IS per cent @
all the wheat in tho northwest is fully three
weeks behind the average"
The weekly weather bureau crop summar!
gays spring wheat on lowlands in South Da
kota and Minnesota has suffered from over
flows. Elsewhere the crop is in promising con
tition- Rust continues in South Dakota AM
Minnesota, tho not materially increasing, but i
beginning to appear in North Dakota White
wheat harvest continues in northern dis
tricts and is largely finished elsewhere. Rain
weather extensively tnterfered with tbreshin
and caused damage to grain in shocks in pol
lions Of the middle Atlantic states and centrs
valleys -..-= s.. . w. e,
Liverpool cabled the condition Of foreign crop
Rs published in BroomhalPs Corn Trade: Unite
Kingdom-Some lodging of the crops reported
otherwise conditions maintained; cutting wi
Btart in fortnight. France-It is connrme
that wheat is much lodged in important SCI
lions Of the north; in the central and wester
part there is less lodging and conditions are IA
70 good. Germany-Full average crop is E,
pected. Rumania-Crops good and ne
wheat is arriving at Braila; maize wants MOI
rain. Bulgar1a-Crop conditions excellen
Hungary-Harvest Is progressing; it is feare
that recent heat reduced the yield moderated,
Transformations remain unchanged. Italy
Crop prospects are fair. Spain-Conditlons r
pain unchanged. Australia Benefcial rair
have fallen: ESE E go = =
September wheat closed at ssNc and Decen
Der at 901sc. 3