The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-11
Making Winter Wheat 9i.6-
Prices Fall to $1.041s for
May; $1.00ss for July.
"A Stronger Tone Near the Close
Of the Market, Especially
in July.
Receipts Light and the Bulls En-
couraged-A Nervous, Un-
certain Market.

Minneapolis Chamber Of Commerce, April II.
Wheat went humping down to new low prices
as soon as the market opened this morning. and
May sold to $1.041s, July to $1.0OS. With this
the market halted and then turned up a fraction,
remaining as uncertain The govern
ment report at 91.6 for the condition Of the
growing winter wheat bearish, even be-
yond what had been expected. The bulls evil
IDENTIFY were content to hold the market steady.
for little was done in Chicago May, which
sagged off but did not break The bearish eX-
perts got out their figures promptly and made
the promise about 100000, 900 bu The bulls
came back with a counter argument showing
that this IS prospect and nothing more. The
more conservative Of the bears took the acre
age Of last fall, 81 600 total. and figured that
Ole on this area means 47oOOOOOo bu. which
Is more reasonable. The bears said this is all
right. but it is prospect. Last year winter
wheat promised we'll at one time. but the final
production was around 1927 900 900 bu. The re-
port sent Liverpool down 1a@&d. With con-
tinued good weather. the bears still feel that
the market Is going their way, but number
Of other things came up that were In favor Of
the price. One was report printed by the
Boston news bureau to the effect that the Pills
bury-Washburn company has on its books more
flour orders than at this time year ago, and
will need II, 600 bu wheat between now and
the new crop. even If business is only moderate.
showed decrease of 100000 blu, which had
some effect, and Professor Bruner of the Uni
versity of Nebraska was quoted reiterating
his statement as to the presence Of the hessan
favorable to the bulls, only sc cars coming
in here against 81. Chicago getting So against
Is, Duluth 10 against 80. Kansas City fell
under, with only 40. 900 bu against 10000 and
st. Louis had stand-of, 49, 600 against 10. 900.
Minneapolis elevator stocks showed no change.
the decrease Of 100000 bu to yesterday still
standing.
Primary receipts were $4,000 bu against
2S2. 900; clearances wheat and -four equal 10 0oo
bushels.
The following is summary Of the weekly
crop bulletin issued by the weather bureau today
The week ending April 10 was very favorable
for farming operations All reports indicate
that the outlook for winter wheat turnout the
country Is unusually fine. and that the cror
has made satisfactory progress since the pre-
vious issue of the weather crop bulletin April 1
In California the condition of the crop is ex
cellent in all sections. and the heaviest crol
In years is promised The seeding Of spring
wheat is we'll advanced over the southern par
of the spring wheat region being nearly com
pleted in Nebraska and portions of southern
Minnesota and South Dakota finished in Iowa
and in these states the early sown is comm,
up we'll.
The market frmed up near the close an
gained SIC in May and &c in July, the latte
option being strongest. May closed at $1.O51
I1.05M and July at ST %