The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-15
The Freeze Fails to Come as Ex-
pected' and May Falls to
$1.oe1s,
Moisture Over the Southwest
Checks the Dry Weather
Talk.
Local Stocks Decrease Somewhat
Less Than Was Elk !.
-. =. >.pected. = =. 3. s.......5 4

& Minneapolis Chamber of Commerce April 10
Attic the thermometer showed as low as *
degrees last night over Kansas and low tenn
peratures are again the prediction for tonight
nothing very bullsh came along In wheat NO
general damage followed. Wheat was: reported !
hurt. in Nebraska, and with frosts as far south
as Amarillo. Texas it is not unlikely that some
damage to vegetation did occur: Considering
the general good outlook the cutting off of
spot Of wheat here and there would not ma
terially change the. favorable promise for the
whole and this was the view the trade look or
it.. The market weakened early and May Went
to LOGS against yesterdays close at S1.OS$s.
The main thing on the bull side, with reference
to the southwest, is the possibility Of dry
weather Observers Of winter wheat conditions
have been watching the situation from day to
day, and to yesterday there was evidence OF
the beginning. of a Cry of need of. rain. Last
night some rain fell at Valentine and North
Platte, and at. Omaha, Concordia, and Dodge
City. More fell at Kansas City. ST. Louis and
Springfield. Mo-. while this morning 1T was rain
ing at indianapolis and Springfield. III. In. no,
place was there any heavy ra1n and some points
had mere sprinkle. but in all the precipitation
was enough to dull the edge of the damage
knife that was being sharpened for the shorts
and dampen the ardor Of the bulls. Reports from
the winter wheat fields farther east continue
favorable. Spring wheat seeding is going ahead
favoraby and much of the area is already seed
ed. Manitoba sends down reports of highly
favorable conditions. and Indications of a wheat
z acreage largely increased over last year. The
week ends with the crop outlook in its en-
tirety fully maintained and unusually favorable
r
Local elevator stocks decreased less than eS
pected. BIS Els blu going out for the week against
.T04 last week. Contract stocks decreased
S3.519 bu leaving + ia S66 bu of contract stuff
here in a total stock Of 1O345,467 bu.' The
local. run was 1874 compared with 1O7. Chi
cage: getting 60 compared with II. The south
west showed 30 600 hu at st, Louis. compared
with 11.QO0. and at Kansas CITY $1,000 bu
against AZ. 900. The Duluth comparison was
cars and r. and the winnipeg comparison %
against ~. For today the Minneapolis stocks
decreased 100000 bu. ,:5iE':-
With reference to the Chicago May deal. Bar
rell wired Piper that people In close touch
with the Chicago situation say they expect TO
see 5000, 900 bu contract wheat delivered to
the Gates interest their May holdings There
will be 1000 300 bu from Kansas City and st.
Louis. several hundred thousand from Baltl-
more and fair-sized lots from all over. .
OF the crop situation southwest the CONNER
cfal West says: ION the whole. the: wheat
looks we'll OH the ground. but exanina tion will
show that it is short without growth generally.
having :the" whole growth to make yet: consd-
cradle winter killed in. the rows; some thin and
promising fine result . Back of this IS a
general dry condition that covers the whole west
There is ample time for rains, and If they come
will be general report within thirty days
that winter wheat. is not looking we'll. Already
these. reports are coming from scattered points. '
Primary receipts were 3O5 900 bu against
222.OOO; clearances 900 bu. "
The forecast: Illinois Indiana Missouri
Michigan. Minnesota. Wisconsin. 1owa--Fair
cooler. North and South Dakota-Fair cooler
Cloudy. freezing temperatures, No change at
May closed at s1.osa4 .oe7s and, July at