The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-07-10
Black Rust Reports Come In, but
the Trade Hesitates Little
at Them.
Conditions Favor Rust Develop
ment, but No Authentic
Case known Yet.
The Market Falls to 921sc for
September, but Acts Very
Stubborn Later.

Minneapolis Chamber Of Commerce, July 10
Wheat did the unexpected again today. With
fine northwest weather over Sunday big break
seemed likely. but altho the market did fail
after the opening to 921sc for September, there
was good resistance and prompt recovery. which
was maintained to II o'clock. Rains In the
southwest and 'foggy dew northwest made the
strength: The southwest rains We're the real
thing. Rain fell to the extent of LAP inches
at st. Louis and as late as am. 1t was
coming down over the country from st: LOUIS .ds
to Cairo. Elsewhere there was wet weather
for winter wheat, and so Chicago strengthened
quickly after the opening. The "foggy dew
was rather new proposition. 1t was FOUND IN
the northwest and was reported as the sure
forerunner of black rust, but advices OF ltS
presence came to Minneapolis from Chicago, ana
nothing very bad came in direct. There was
disposition change to make light OF IL.
Nevertheless the more conservative element Is
taking the view that the northwest situation
is stll very uncertain. and those who were
bulls last week have not turned bearish be-
cause the weather was good over Sunday. The
crop Is certainly backward. Today the out
look Is better than for long time, and there
is reason for greater hopefulness, but there
is hardly good reason yet for bearishness, for
If there any justification at all for the
recent advances, the few days of good weather
cannot have changed things so materially. All
points from Winnipeg down reported favorable
weather, and the forecast Wis for fair wealth
er tonight and Tuesday for Minnesota and the
Dakotas.
Black rust rumors began to go around the
floor towards They came in from several
points. The trade hestated to take them too
seriously, altho no one questions that there may
be black rust-that conditions at least make
1t possible. II there is any. however. 1t must
be of very late development, and the ques-
ton Is whether the farmers In the field or
other country observers really know about 1t.
the Commercial West. in its Saturday number.
said there had been no black rust to time of
going to press The Van Dusen- Harrington COM
pany had samples on Saturday in from Luverne.
Mimi, and southern Minnesota and Dakota
points, that sent In as black rust, but d
local chemist Of unquestioned repute analysed
them and reported this morning that there
was no evidence of its presence. Once the trade
is convinced that black rust is at work, the
market will show the effect. 1t may be thai
1t appeared Sunday or today, or 1t may hi
found tomorrow Its discovery and authenti
cation at any time need surprise one. fo
best authority has from the first commended tina
conditions favored it's recurrence, but to date
no single authentic case of its presence ha
been found.
Minneapolis fell short 1O1 cars, getting onl.
III today compared with 272 a year ago. Du
luth had "a against 20, Chicago 90 against 8
10000 bu against $4,000 and Kansas City witt
$4,000 against nothing. Winnipeg had so car
compared with 50.
Primary receipts sol 900 bu against 1927 900
clearapces wheat and -four, Al, 900 bu.
The visible decreased by SOL 900 bu.
Springfield, Ill., wired Watson: "Rained al
night; cloudy but not raining now
A Blanchard N. D.. report. under date o
July S. to Lewis, says: Crops are spotted an
all late, not head in sight and growing yer:
slow; thermometer ri at o'clock this morn
ing; doubt If earliest is fully headed by Goth
which makes some of it dangerously late"
Kansas City wired Mackay: First car o
Nebraska wheat in today, grades No. 2 hard
weighs 621a pounds"
The Michigan crop report gives 10 bushel
to the acre. acreage about 1000 900; last yea
about bushels to- acre. Corn condition Z
against 10 last year.. Oats 90 against 80 las
year.
September closed at 92Nc and December. a
89A @S9&c. tl-7.