The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-05-16
Continuation of the Squeeze
Shorts Cover Break at the
Close to $1.151s.
More Rain Over the Northwest
Affects the July and Sep
TENDER Options.
The Northwest Crop Has Suffered
No Damage, but Has Not
Advanced.

Minneapolis Chamber of Commerce, May 10
Wheat continued advancing this morning, the
squeeze still being in May, and new buy
ing coming into the other options, on the rains
of last night which We're Of wide extent over
the northwest and Of no beneht to the crops;
The country has had too much rain Gooo
dry weather is needed with warm sun. This
would bring the wheat along nicely. No ire
ps able damage has been done. and there is YET
fne for the best results. But the advantage OF
= The early start has been lost In greater part.
Wheat went in with the ground in fine shape
and the work of seeding was finished far IN
advance Of last year and we'll ahead OF the
average date. This suggested early grown anu
naturally early harvest. A larger acreage
suggested larger yield. Today the larger
acreage remains and it cannot be said that inc
northwest crop has been sufficiently retarded TO
make the possibilities less The change IN the
general sizeup lies in the loss OF whatever aa,
vantage there was in the early start. The
crop today. the whole. is no farther along
than in ordinary year. Clearing Weat ne.
will give it chance but every additional day
of rain ut this time will only retard 1t. Min
neapolis and vicinity got about the steadlest
fall outside irregular, it was heavy enough
In important localities to put AN addlI1onal
handicap upon the crop. Fargo, FERGUS rams
Moorhead and other points that did not need
more rain got another wetting. Southern Min
nesota sent reports of too much rain. The
southwest showed up better. but there was more
rain in Oklahoma, and dry weather Is me
thing most wanted Tor winter as wen aS Aoi
spring wheat. -.
Aside from the bad weather there some
strong items in the news. The Braostreets
figures showed decrease Of 100000 blu east
of the Rockies and of 100000 bu in Europe
and adoat a total worlds visible decrease OF
$3.50 900 bu. Liverpool was up ss old to close.
Receipts were not large, Minneapolis getting
"a cars against Il, but other points falling
behind, Duluth only 1 car against II, Chicago
nothing against II, Winnipeg IS cars compared
with 115 ST. Louis 13. 900 bu against % 900 and
Kansas City "a ODo against $4,000. Minneapolis
elevator stocks decreased 300 900 bu for one-half
1.-The week. 40
"a The weekly government report says: IRE.
sports of damage to winter wheat by rust ana
Insects are principally confined to the southern
NORTON of the wheat belt, and are more numer-
Gus than previous week, but the crop as
whole continues in a promising condition and
has made d satisfactory advance during the
week and is heading as far north as central
kansas. Growth of spring wheat in the Dakotas
sand Minnesota has been SLOW early wheat II
North Dakota being frozen to some extent
e Corn planting has been impracticable over near
8ly the whole corn belt because of heavy rains
and this work is greatly delayed
# Broomhalls foreign crop summary: Unitet
Kingdom and France-Croo making satisfactory
progress; supplies native wheat extremely small
sSGermany-Reports very favorable; supplies ma
59tive grain moderate. Roumania-Crops wanting
Srain. Russia-Rains wanted southwest, else
where conditions favorable. Hungary-Fa1
rains have relieved the drought.
81 Primary receipts, 153 COO blu against l9oooo
sssclearances $1,000 bu.
iS The forecast: Illinois, Indiana. Michigan an
sMinnesota-Showers, cooler. Missouri, Iowa, Ne
tsbraska and Kansas-Fair. rising temperatures
North and South Dakota-Fair, frost. .
3# May fell off sharply near the close to 81 LOIS
July sold off to 81 03A and September to 81 1sc