The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-05-18
Bad Reports from the Southwest
Send It Rushing Up from
$3.50 to 86c.
July Follows Along, but the Gen.
ter of Interest Is Shifted to
September.
Unless the Reports Are Exagger.
ated the Southwest Has Suf-
fered Materially.

Minneapolis Chamber of Commerce, May 1S.-
Selling of wheat had little effect on the mar
ket this morning, prices holding well and show
Ing tendency to harden whenever the pressure
was off. About the only thing to make for
weakness was the local run. which was 100
cars, against 49, but this was taken as really
where else. Still the southwest ran over
little compared with last year, Kansas City
getting q, 900 bu against 10000 and st. Louis
$4,000 against $4,000. Winnipeg got only so
cars against 65, while nothing at all showed up
at Duluth, against cars a year ago, and Chi
cago got 1 against 2. Liverpool was down by
Is old, and there was no encouragement IN any
of the foreign news. The weather northwest
still cloudy, was suggestive Of more rain, altho
the forecast for Minnesota is for fair and
warmer weather, and for the Dakotas fair, ex-
cept for rain in the western part. The morn
ing rains were in Oklahoma and around W1chi-
ia, Kan. with in the Ohio valley and the
far northwest, but nothing heavy anywhere.
list ad wall st
Reports from the southwest continue coming
and few are favorable. majority speak OF bad
conditions in the fields, and too much ram ana
rust Is the general complaint. Kansas CITY
. says tho trade is disturbed over the muggy
weather which suggests rust and kindred evils
Nicollet Of the Kansas City Star is In the
fields near Enid and his reports are not favor
able. The big Chicago men who keep In closest
touch with the southwest are inclined to go
slow on the bear side. Darrell wired Piper that
the winter wheat harvest promises to be late
and the millers will take off the market all
not be much of accumulation In Chicago, and
at other grain centers until some time N
August This about represents the feeling OF
q majority in the Chicago traSe
Primary receipts were 1852, 900 bu against ll5,-
OoO Clearances wheat and -four. $1,000 bu.
. A sensational advance in September occurred
after uoon, the price going to SEC, against " "a
s2Ac the early figure. Reports from the south
west began coming very bad and the buying in
September was heavy July being also strong. but
less active than September. Unless the reports
are greatly exaggerated the southwestern situa-
ton has undergone material change for the
late Kansas City wire to Lewis said: Am
surprised at unanmity of opinion Of half a dozen
of our very best cash houses, most Of which
operate line houses, in the statement that Kan.
sas does not promise 600 Blu wheat;
wheat heading very short and heads unusually
small. We beginning to get reports from
representa- ives of the various firms attending the
Oklahoma grain dealers convention and they
e back up the above statements. Wheat Is spin
Plant has made no progress for ten days ant
ding and account for cOndido
looks MS II harvest would be late.
Another late to Walton said: Several o.
members who in Oklahoma today attend
wiring back rather discouraging reports of tn
condition of wheat. Some estimate the Oklahom.
crop at noto over two-thirds Of last year. Al
say it, and the outlook in southern Kansas i
very disa appointing.