The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-09-14
Wheat Holds Up Well, Altho
Speculative Trade Is Very
Small.
Corrected Russian Crop Report
Worse than the First
One Out.
No Doubt Remains that Russia
Has Been Hit Hard This
Year.

Minneapolis Chamber Of Commerce. Sept. Ia
Unfavorable weather for threshng and contln-
ued good cash demand were the strongest 1ea>
lures in wheat. Rains fell over the ,nortnWest
and forecast posted for showers tonlght
and possibly Friday, and warmer tonight; Inc
local demand was good and tennessee ana hHn-
lucky millers were in the market at st. LOUIS
and Kansas City, Chicago also reporting milling
inquiry. Locally the going basis for NO. !
northern was 24a @31ac over September, NO. q
northern &c to lie under. Elevators We're also IN
the market taking anything the millers left.
The 456 cars in made an excess OF Of oyer the
3O2 of year ago, but considerable was
have been expected. Duluth got 18S cars against
96 Chicago 81 against 81. Kansas CITY had
100, 900 Blu against 14sOoo and st. Louis 69, 600
against holiday a year ago today. The Price
ton and probably threefourths is now practically
safe from notable damage. indications reach
2,7oo, 900, 600 bu Winter wheat Is getting ga a
keting sentiment Is against free movement at
current values"
No doubt remains that Russia has had a bad
year all around and her shortage Will be I'M
mense. When it comes to putting 1t into figures
1t is not so easy. All reports agree that there Is
loss thta npproximates 4t0.o0o.0oo bu IN all
fusion follows. Two days ago appeared the re-
port of the Russian central statistical commit
tee indicating production of wheat 185.oo0.ooo
of ASS, 600 900. Today Broomhall announces that
this has been withdrawn. new statement fol
lows which Is even than the first. 1t
shows 1s1, 100000 bu winter wheat and ESQ, DOC,
600 spring, or al 100000 against 62O, 900, 600
last year, loss Of 179,OOO,O00 bu. In rye 1t
shows 552 900 600 bu against 904, 900, 900, loss
of 352 DOC, OOO These items alone would make II
shortage of breadstuffs of 531 900 600 bu, total
positively startling to say nothing OF only 2oo'-
OOo, 900 bu barley against $1,000 900 and 500
900, 900 bu oats against 1876, OOO, 600. If these
figures are anywhere near correct, calamity
than known in many year has fallen
upon Russia. and a price influence for look
ahead to next May, it Is vitality important. Still
one hesitates fearing later modification. That
there is substantially In the figures, however.
is confirmed, for while the first sta t1stics af'
compiled by the central committee anQther came
this morning said to be taken from the Russian
Journal of Trade and Industry, giving figures OF
22,659.Ooo quarters Of winter wheat: o2.e1o.oo0
spring wheat, 60, 900, 900 rye 7bl 200 oats ana
s22ooooo quarters barley. Probably one report sn
is only. reflection OF the other. II not the
second Is confirmatory of the first.
Quoted In Chicago H. P Watson says: There
will be free receipts Of wheat in the north
west until Jan. j. Every mill IN Minneapolis
holes to fill up in the northwest, as there were
in the winter wheat country. I would rather
be with Valentine on the bull side OF wheat
than against him.
Minneapolis elevator stocks increased 275,o0o
bu for FIVE days.
Liverpool closed SD lower.
Primary receipts, Loaf, 900 bu against 731 900
last year. Clearances, ITO, 200 blu.
Poehler says, In speaking of the French crop
1.-THE Bulletin Des Hales estimates the French
wheat crop at 800. 600. 900 bu against 292 OOO
last year. This estimate is about 70, OO0, 900 bu
larger than expected. year ago the onlcla1
crop report 297 900, 900 bu, and In 1903
sos, 900, 900 ard 1902 1853 900 000 The average
crop of France Is generally figured at $50 900 DOC
bu The official report of this years French
crop has not been issued as yet but 1t is safe
to expect figures very close to the above