The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-05-05
May Wheat Goes Back Up to the
Dollar Mark, and July Holds
Strong.
Nothing in the Movement to At
feet the Market Either
Way.
The Modern Miller: Notes Rust
and Hessian Fly, but No
Damage.

Minneapolis Chamber of Commerce, May g.
Low tempera lures held wheat In narrow range
thru the first half of todays session. A good
many stood ready to sell it the rains and
crop reports, but hesitated for the reason that
the thermometer went low last night In many
places, and from indications may be low again
before the cold winds die down. Probably no
harm would follow a cold snap. unless 1t got
pretty far southwark; still the early reports
coming in not conducive to selling for
freeze looked upon as possibility. Later
on Winnipeg reported that the snow had been
heavy and beneficial, another inch coming down
additional to the fall reported early yesterday.
grees above in Winnipeg. and there was moth
ing in this to anyone. The northwest
has had the benefit Of general precipitation at
q time when dry weather for a few days longer
would have started complaint, and this has
been headed off. The general outlook IS so
good that tho bears feel that when warm grow
ing weather comes on 1t will be hard TO hold
the market hence they We're disposed to sell
wheat, but could not make up their minds to go
1t very heavily just yet. The Chicago Trade
Bulletin has applied its usual method to the
Ohio and Missouri reports, and, taking the acre
ages reported and the state Of growth at the
present time it finds the indications for Ohio
to be So 5o0 900 bu against II, 664 900 last year
and for Missouri $4,000 900 bu against p 100000
The movement showed nothing of Important
influence Minneapolis getting IS cars against
At, Chicago IL against %, Duluth against 4,
Louis 5000 against $4,000. The weekly report
Of tomorrow will show a decrease of probably
525 900 blu in Minneapolis elevator stocks.
Primary receipts, 1S7, 900 bu against 142 600;
clearances, 1000.
The Modern Miller says the general condition
Of the winter wheat crop continues satisfactory
thruout the greater breadth Of the wheat belt.
Reports Of rust from the southwest, and
occasional reference is made to 1t from other
sources where there has been much moisture
There are also reports that hessian fly has
appeared In the wheat. No damage, however, is
80 far Indicated
Bradstreet's weekly clearances, wheat and
-four 100000 bu; corn 2,715, 900 bu.
The government report, due Wednesday, May
ter wheat and percentage of acreage abandoned.
Last May the report showed 10 per cent OF
the winter wlseat acreage abandoned, owing to
cold, wet weather. The amount abandoned this
year was small. The seeded to winter
wheat last fall put at 31.154.0OO acres,
which is large total indeed. if none is aban-
doned The trade expects a high condition.
The April report gave 81, and there has been
little deterioration during the month. A condi
ton Of 80 will be IA points above that of a
year ago which rs. The ten-year average
Is So. condition of about 80 and reduc
ton in acreage means one Of the biggest crops
of winter wheat ever raised. crop that would
equal the A29, 600. 900 raised in 1901. Instances
Of deterioration during the months of May ant
June common, but never In the aggregate
have they exceeded during late years 10 points
except during 1908, when there a decline
from 90 on May 1 to IS on July i.
May wheat closed at 81, July at 94ss @94A C
September at S0&c.