The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-06-10
The Wheat Market Very Quiet,
With Price Changes Unim-
portant.
Snow Issues Rather Bearish Re
port Covering the Winter
Wheat Crop.
But John Inglis Sends Reports
ii from Ohio Of Contrary
Tenor.

Minneapolis Chamber of Commerce, June 10
With a government report to come. out this
afternoon traders in wheat We're not disposed
to do much, and the market quiet fronl'
start to finish. Shows weekly report says that
the ten days that have passed since the data
was gathered for the government report OF
today has constituted the most favorable period
of the season for development OF the wheat
crop, and the present condition is even higher
than the report today will show Favorable
temperatures and plenty of moisture have i'm
proved the situa ton, and complaints Of fly, rust
Or other enemies Is very small. The same con-
ditions govern the oat crop. The past week, he
says, favored both corn planting and growth,
and the situation was improved but the crop
has not yet reached normal development ana
considerable planting and replanting is yet to
be done King of Toledo wired: Kentucky
official wheat condition based on June returns,
81, but since then personal investigation by
bureau officials shows decided damage by rust"
With these reports to 60 on, the pit did little
either way, as the all-important figures were
SO close hand that they could see little rea-
son for any rush. Some strength came from
Inglis, who wired Watson from Columbus:
''From Richmond Ind, to Springfield, Ohio II
miles. wheat is promising Were it not that
wheat on corn land is generally poor, this sec
ton would make good average, as considerable
will go 80 bushels. Springfield to Columbus
most Of the wheat on corn land will make
to II bushels. Some will run up -. The crop
is late thru here some of the late stony
heading -.-... .
The Commercial West says: ''The trade is
looking forward to the new crop of wheat with
that it Is anticipated will follow to the millers
of the country who have found the supply of
wheat the last year difficult to get on advan-
tageous terms. The cutting of soft wheat COM
menced at the far southern points Of the country
this week, but the cutting Of hard winter
wheat will not begin until about the goth to 25th
of June. On the winter wheat side of the ccun
try the millers can see new wheat beginning to
! move in about four weeks and with some general
activity in about six weeks. This Will mean fur
! Their reduction of stocks of wheat in the country
haf oil of in tha win W
tricts, while in the spring wheat districts two
months must elapse before there can be relief
from that quarter. The result Is that the wheat
market is not weak even Gu the September op-
ton. There decline Wednesday of this
week, but it recovered today practically.
There reports from the winter
wheat of unfavorable character, of them be-
ing the Kentucky state report showing cOndi-
ton of only rs against 81 In May. This came
a surprise to the trade, in view of the Optnlis
tic statements of Mr.. Snow and the Price Cur
rent Both hold crop expectations high, Mr.
Snow suggesting definitely 46o 100000 for the
winter production. Mr. Inglis, who is travelling
the states east Of the Mississippi. has suggested
all along more conservative totals, and follow
ing Investigations that have made in the
southwest and observing that Mr.. Inglis sugges-
tions note the characteristics, in
clined to anticipate conservative totals,
rather than those suggested by Mr.. Snow and
the Price Current. Mr. Snow makes one sugges-
ton IN his report that we concur 1n-he says
the government is too low the item of wheat
acreage, and we reach the same conclusion;
possibly We would use little smaller acreage
than suggested by Mr.. Snow =.
Minneapolis received 1874 cars against 141,
Duluth against 40 and Chicago against 20.
Kansas City got $4,000 bu against 81 600 and
st. Louis 10000 against 41,O00. Winnipeg had
so cars against 12S Primary receipts were
24SO00 bu against 2S4 OO0 Clearances of wheat
and -four "a 600.
Minneapolis elevator stocks decreased SO, 9O3
bu for the week, leaving Till ,SSS bu in store
here.
The weather map shows general rains in the
Dakotas, Minnesota, Nebraska. northern Kansas,
Iowa and Illinois, very heavy rains at Davenport,
Iowa. A. IS inches. Temperatures lower in the
Dakotas and Minnesota; higher elsewhere.
The forecast reads follows: Illinois, In
diana, Missouri, Michigan, wisconsin, Minnesota,
Il Iowa. probably showers tonight and Sunday;
cooler. Dakotas Nebraska, Kansas fair, cooler
September wheat closed at $3.50 and July at
ID 81 .OS. #