The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-05-09
July to 97s4c and May to $1.O411l4
Early, to s611a and $1.05A
at the Close.
Growing Weather Needed for
Both the Spring Wheat and
Winter Wheat.
Receipts Not Very Heavy Any.
where-News of the Day on
Change.

MINNEAPOLIS Chamber Of Commerce, May D.
Turthe., strength came into wheat TO-DAY, put
ting prices up to 97Ac for July ana 10 Sl.oaS
for May in the early part of the session. Coio
weat finer and a general lack of selling were the
features The buying not heavy, but 1t was
effective, for few were Offering wheat ana 10
get orders filed 1t was necessary TO pld LOT tue
stuff The northwest had more rains at Wills
ton and Huron and there was at Bismarck
and while the outlook remains favorable as ever
reports went out Of the lack of growing weather
and frmness followed. The southwest had show
ers thru Oklahoma and there was more or less
moisture in Nebraska, Iowa, Illinois, Indiana
Chic and Missouri At Winnipeg the tempera-
ture at II o'clock so degrees above, and
everything favorable. Minneapolis received 60
ears against 81, Duluth only against 80 and
~ Chicago only against 10, while Kansas City
had 1000 bu against A, 900 and St. Louis 1000
against $4,000. Local elevator stocks have de-
creased by 200, 900 bu SO far this week.
The European grain and stock market showed
no apprehension of further war troubles, but
reports from Hongkong said most serious tension
prevails in the far east The British fleet Is pre-
pared for any emergency. Twenty-Five additional
torpedo boat destroyers are expected from Eng
land daily. This sort Of report kept alive the
war scare feeling and prevented heavy selling.
Primary receipts 1S1 900 bu against 200.
Clearances of wheat mad flour Al 900.
The weekly weather report is not optimistic.
Unfavorable shown conditions for termination
Of the northwestern crop. There Is rust IN
Texas. Oklahoma and Indian TERRITORY, also
too much rain on the lowlands. Shows weekly
crop report says weather conditions Of the past
week not been favorable to the growing
crop. Temperatures too low. Wheat growth
checked and crop late rather than early In
development. The average condition remains
high, but evidence Of failing plant vtgor
Is reported in sections of Missouri, Oklahoma and
Kansas. Some progress in planting has
been made west Of the Missouri river, but little
is accomplished in the eastern belt. Moisture
conditions generally satisfactory
The Michigan state crop report shows the con
diton of wheat 96 against 95 last month. Las
year the condition declined Is points during April
and was "a.
Bradstreet's in full shows: East of Rockies
wheat decreased 2,517 900 bu. Europe and afoa
increased 100000 bu; decreased 2,513, OO(
Blu. oats decreased 1850. 600 bu. Worlds whea
stocks May l are reported at 155, 65S, 900 h,
against 154, 537, 900 bu year ago, decreasing II,
100000 bu in April against 5000 900 bu a yea
ago.
The forecast: Illinois, Indiana Missouri
Iowa. Minnesota, South Dakota, showers, warm
er; Michigan Wisconsin, showers, warmer to
night, colder Wednesday; Nebraska, Kansas
showers tonight and Wednesday, colder east to
night, warme. Wednesday,; North Dakota raj
Or snow tonight and Wednesday, tempera ture
freezing.
Profit taking, in expectation of a bearish gov
ernment report tomorrow, the closing fes
ture, and prices fell off.
July wheat closed at oslo and September p
S0$c.