The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-07-05
sfediction for Fair Weather Does
/ the Business Bears Pound
the Market.
Meanwhile General Reports from
the Northwest Continue to
Run Very Bad.
The Close a Little Up from Love
Point Summary Of the
Day.

Minneapolis Chamber Of Commerce, July O.
Wheat failed to show the early strength that
many had expected to see after the continued
rain over the long holiday. On the curb orc and
971ac We're figures heard. but the opening for
September at 961a goose. and steady de-
cline followed to 951ac. Reports from the coun-
try We're anything but favorable, and Snow was
out with bull1sh report dated at st. Paul, The
whole country got soaking at some time or
other during the long interval from the close of
Saturday last and with rain still falling here
the prospect seemed gloomy. enough. High wa
ter was noted nearly everywhere and localities
near Ibank and Huron. S. D.. reported consid-
cradle portions of ground under water. This was
about the situation UP to this morning. when
the market opened, however, the more 1mpor-
tant winter wheat centers. st. Louis Kansas
City and Omaha. had fair weather, and while
1t was raining here and at other northwest points
the forecast was for fair weather tonight and
Thursday and cooler tonight. Chicago refused
to scare, either on the bad outlook northwest
or the conditions southwest. 10 1880 chicago
was sending bad reports at intervals and flood
Of bad reports were going into Chicago from the
northwest, yet September In that market STUCK
around 9Oc Private wire gossip said there wos
concerted effort there to hold the market down
to give big men opportunity to load up. Mean-
while a good many smaller holders, seeing no
promise for immediate rise and afraid or
break on good weather sold out their wheat.
Worlds shipments were 13, 100000 bu against no.,
7120o0 last week and 7,312O00 year ago.
The quantity on passage at 46,32o,ooo ou sn0" s
anincrease for the week of GAS, 900 bu. All fig
ures for this year, In the domestic statistics
were for three days. hence comparisons were not
of much value. Minneapolis received 391 cars
against Ill Duluth 40 against 81 and Chicago
IS against Is. st. Louis got 256,OO0 bu against
$4,000 and Kansas City $4,000 against ,0OO
Minneapolis elevator stocks decreased $4,000 bu
for four days.
The visible supply decreased by 1,114,000 bu,
leaving the total 4174 900 bu.
= Kansas City wired McKinnon: Our July wheat
Is up a cent wet wea Their. Thresh1ng ba0iy
delayed.
Snow wiring Chicago from st. Paul, said:
Sprnig wheat crop almost as late as last year.
DELAYED by cool, wet weather until plant lacks
normal vigor Conditions just right for repeti-
tion of last year. Crop already almost de-
ties and present to some extent in all southern
Minnesota and South Dakota, with p liant late
ana unthrifty and centers of rust infection al
ready developed The situation ID very BAD.
Continued rain or change to sudden neat VIII
mean ruin. % '..
Broomhall's weekly foreign crop summary
UPnited ACKNOWLEDGEMENTS excellent. FRANCE
Moderate complaints Of lodging in central part
and rather thin otherwise generally satisfactory
ACKNOWLEDGEMENTS crop expected hunaIid
Hungary-Haryest prospects good, cutting start
Ing. Russia-Southern part conditions ABOUT aV'
erage; parts Of Azeof Alga regions, condltlon
poor elsewhere fair to good. Italy -spa1n-Oon
ditions uncchanged; some complaints, geherall9
fair Portugal-Rumored there Will De Iurthel
fmnorts permitted to the extent of 24OO,oOo bu
Australa-Been further beneficial rains als'
increased acreage. .o oot
bu Clearances wheat and -four, l2S,oOo Du.
The market was, very weak after noon, Sep
TENDER going down to 929sc on stop-loss ORDERS.
september closed at 93A @93ssc and Decembe
at S91k 0lS9Ac.