The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-06-19
Showing Little Real Weakness,
Altho Down 11ac from Recent
High Point.
The Weather Now Very Favorable
and if It Lasts Rust Will
Vanish. .
The Southwest Ready for Harvest
and Dry Weather I'm
perative.

MINNEAPOLIS Chamber of Commerce, June ID
iltho the rains Of yesterday increased the 1eel-
NO of nervousness and majority in the gram
rade came down this morning expecting rise
n wheat, the market fell back little at the
pening September going down to SSasc It was
ound that up thru the ~. leo river ad |
alley there had been but little ram ana |
he o'clock reports from Fargo and Grana
forks were favorable. The southwest, too, sent
much better reports, and thru the center OIL
he winter wheat states, from the missouri line
outh there was only a trace of rain In Spots
nd nothing to interfere with harvesting, which
8 now becoming more general. In consequence
# these adyices considerable selling developed
Is September wheat had advanced about &C
n a few days something of a decline not
surprising, but altho prices fell OF and may
all again. it cannot be said that there is any
weakness about the market. On the contrary
he undertCne is very firm. The rust scare COM
ng along so early has hurt the bears and has
llso put a stop to the extremely optimistic
Jews formerly heard The little scare has shown
he short sellers how easily they can be put to
The bad. There was little in the foreign ad-
hces or statistics that affected the market.
The trade began to pass over such things last
reek. The things of prime Importance now
ire the weather southwest and the rust north
vest. Whether there Is to be a wet harvest
Or dry harvest In Kansas and whether the rust
,care in the northwest has subsidized for good
ir is only sleeping, are questions the pit would
ike to know about.
Receipts here looked light at only 175 cars,
compared with 302 year ago, Duluth getting
against 50 and Chicago against q. Winni-
,eg had "a against 112 The southwest
ran over, Kansas City with $1,000 bu against
$4,000 and st. Louis Is, 900 against 25, 900. The
visible decreased by 900 hu, leaving 49,
$4,000 for the total Minneapolis eleva tor stocks
aave decreased by 100000 bu so far for the week
Allen Logan wired from Kansas City to Mar
ield in effect that wheat is running better in
yield than expected along the 'Atchison, and
from Arkansas to Guthrie Okla, yields are COM
ing out to 4 bu over expecaions.
Noyes, who is in Kansas City, wired to Piper:
Rains IN Kansas have done no damage to wheat
yet except in a few places where there was hail
10 beat the wheat down. The harvest is about 10
days earlier than last year and there will be
disposition to get wheat to market at once If
the price holds where 1t is now No wheat will
go to Galveston for export and the Kansas City
cash market must take of all the early
movement. Country millers will probably not
load up much at premium. I think Kansas
City will have the largest receipts in July ever
had here"
Primary receipts, $4,000 bu against 4O2 900;
clearances, 10000 bu.
Worlds wheat shipments (incomplete) Amer
lea, 900 bu; Russia, 3,52O,OoO; Danube
l,s56,oOo; Argentine. 2,712O00; India. 2,472 900;
Australia, 100000; total, IL ,6ss, 900 bu.
The market weakened near the close on sell
ing out caused by good weather prospects for
tomorrow.
September closed at s7% @ssc I'D July a,
$1.0S3s. :. o..