The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-04-25
Hot Winds in Kansas Start the
Trade Into Greater
Activity.
- -
Early Reports Of Probable Injury
Offset by Later
Advices. ~=..s. T.
Cash Demand Not So Brisk and
Flour Shipments
Light,

Minneapolis Chamber Of Commerce, April 25.-
less favorable turn in the southwest weather
put little more OF uncertainty Into the wheat
situate Kansas City and Mcpherson sent
reports Of higher temperatures and wind d.
rectly from the south. This started little
murmur Of hot winds. 1t is long time since
hot winds have been an influence. The southwest
Of late years has done we'll In wheat except in
seasons of too much rain and flood. or of wet
harvests. Drought and hot winds are old-tims
bull cards in the speculative play, and they are
always possibilities in winter wheat from May
until just before the general harvest Drought
seems hardly to be expected this year, as there
has been abundant rain SO far 1t seems I'M
likely any serious damage will be done from hot
winds. Topeka sent the worst report. saying
Immense damage must result to wheat; serious
condition: hot and dry" To offset this the
outlook for rains towards the southwest.
Omaha wired that 1t was raining in central Ne
braska looked like rain there and general rain
seemed probable Russell. Kan, where the wind
blew strongest today, said there no effect
at all. Everything to this writing remains IA
vorable to winter wheat. The bulls will be
quick, however, to seize upon any turn for the
worse, for price effect. and inde>n 1t would
seem that about all the good news has been
heard about the winter crop. 1t may come along
all right, and if 1t will be big one prob
ably the heaviest Of record but If there Is tc
be any change In the situation between now and
maturity 1t would necessarily be for the worse,
for reports could scarcely be better than those
recently issued
Minneapolis elevator stocks decreased 375,Ooi
bu for four days. Receipts here were 12S cars
against 1O2, in Duluth Al against and in Chi
cage Q against 10. Winnipeg received 209 car:
against 81 St. Louis had 10000 bu comparet
with 65, 900, and Kansas City $4,000 agains
1000.
Cash demand was not quite UP to snuff. Loca
buyers paid 21ac No. northern but tht
market lacked snap.
Foreign markets were up, Liverpool A@st
higher and Berlin Bc higher, altho Budapes
closed 1ac off.
Winnipeg wired that 75 per cent of the whea
area is seeded, with early conditions very prom
Using.
Chicago took the southwest news and gave i
Endorsement Most of the big Chicago firms wer'
active in the pit and Daggett was an active
trader there for Minneapolis. In tie local pf
Woodwork had some heavy business. APPARENT!
in the way Of putting Minneapolis May over Int
July. Barnum and Kendall were buyers, Lake
Brown and Tracy sold and Watson was an active
trader The market much Hvelier than yes
terday. SpecuIatively it Is uncertain Some OBJ
servers believe the manipulation Of Chicago May
which reached s09sc by II o'clock, is move +
harden the market, the better to enable Ch1cag
spectators to sell the distant future
against the big winter wheat promise. Other
thought they could see some good local invest
ment buying of wheat.