The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-04-06
liverpool Easy and Other For
eign Markets on Decline
il Stocks Increase.
Argentine Shipping Heavily and
So Affecting the European
Markets.
4.
Modern Miller Weekly Winter
~ Wheat Summary Very
IS ssl Rearish. q.

"a Minneapolis Chamber Of Commerce April O.
liverpool lost its strength Of yesterday ana
came sad lower In today'S opening cable, anu
the wheat market weakened In consequence.
Other foreign markets were OF, Berlin 9Ac low
or, Antwerp sc and Budapest Nc lower Broom
hal, attributed the Liverpool weakness partly 10
the extremely favorable report Of the winter
wheat crop OF Ohio, issued yesterday by Toledo
but more particularly TO the big Argentine ship
ments. That competing country sent out no
less than 1882 900 bu for the week. ~ the
week preceding the total was S,61b, OoO ana
rear ago 3,52SOo This was certainly sotne
competition for wheat, and 1t made the buils
think a little. On the other hand, their posi-
ton for long look ahead appears to be the
better one, SO far as Argentine Is cohceFheu,
for while It is true that shipments are being
rushed out at heavy rate, it is also true that
estimates Of the total Argentine surplus are
being reduced. Some London firms make 1T as
low as SO, 100000 bu, and none put II aooVe
600 bu both OF which extremes are
under the big 1igures heard when harvesting was
on In Argentine. At home there appears as
ret no relief from the piling up Of stocks For
the week the Minneapolis elevators Will increase
1 their holdings by about $50 900 bu. M1nneapohs
1 rot S294 cars today against 20, Duluth %
against 30. and Chicago only against II. Win
j aiper received 1877 compared with SO. Kan
1 sas SCdty received Sd. 900 blu against 24ooO ST
aouis $4,000 against 900.
The weather map showed clearing weather in
i he northwest, west and southwest, with higher
temperatures, and rains in Iowa, Missouri. ILL.,
The forecast Is for fair weather and stationary
temperatures in North Dakota. and fair and
j warmer for South Dakota, Minnesota. Iowa, Ne
lFaska and Kansas
SHOWS report makes tho condition of the WIN
ar wheat crop 91.2
Cash wheat was in good demand at lie over
4ay for No. northern and A@1c under for
No. 2.
Il Wheat and -four cleafances for the week were
10000 .bu against 1850, 600 bu last week and
s6 600 bu year ago. Primary receipts, $4,000
ia against $4,000. Clearances wheat and flour,
10000 bu.
Hi Reports from all parts Of Minnesota say seed
ing. is progressing in parts under favorable
Conditions. Others say farmers are in the fields
narrowing, and seeding will be generally in full
Hast BY the first of next week.
II Kansas has had rain from Its eastern to
q Is western line within the past three days
al NJ. Boynton Of Kansas City, who has made
III trip over Texas, Indian Territory, Oklahoma
ind Kansas. says it locks as tho the southwest
ssould raise the largest wheat crop on record.
II The Modern Miller says reports from m1llers
Ia the principal winter wheat territory indicate
A high average condition for this season Of the
Tear. Only one state shows condition below
she average for April /. Other states report
aonditions fully UP to the average OF better
Highest condition is in Ohio. The damage
III the Pacific northwest seems to have been
Sverestimated; in most sections the plant shows
2svival under warmer weather.
1.-The Missouri crop report, wired to King
zBfsToledo, says: april conditions of winter
heat IS; last month 81; last April. 81, and in
June, 81; crop, 100000 bu; acreage a trife
mailer than last year"
Shows crop report for April shows the con-
zkttIon of winter wheat on the first of the month
sEss91.2. This compares with 30 at this time
: Est year, so in 1904 and $50 in 1903 The
average condition April last, for a, series of
s.n years about s5 The present situation
remarkable for its uniformity in all sections
sRs the wheat belt. In only one state is the
sndftfon below 90, and in only three is 1t above
hi. The same uniformity exists in spite of
sate lines. The present prospect must be re-
Sarded as above the normal and as promising
Asscrop Of unusual proportions. There is ar
nipple supply of moisture in all sections, and
- he period Of spring growth opens with pros
acts fayoring; rapid and vigorous Development
IL the plant ~ -