The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-08-20
Wheat displays strength.

down today In all that came from abroad. for
Europe not IN the mood for hrmness, and
advices were Encouraging. Yet, after little
weakness that did no damage to the price worse
than had already been done, the market frmed
I'D q bit and acted better. The hot weather has
been having some effect In North Dakota. Ad-
vices are that It forced the ripaning process.
and In some localities the quality will be lower.
None Of the reports are very definite, and 1t
may be doubted whether any serious damage
has been done; still 1t Yves enough to check
the decline in the face OF lower Liverpool
market First cables were ga off, and second
cables %@Hd lower. Minneapolis stocks de-
creased bOO.OO bu for two days, q pretty good
figure, and, with the heavy Withdrawals from
storage and good cash demand at 4@5c over
September for No northern, the local situa-
ton WAS favorable to strength. Some Mime
apoIts houses advising farmers not to sell
wheat. How much effect this will have is un-
certain. Some think there will be enough hold
ing back to influence prices; others believe II
will not be general enough to make any ma
terial difference. 1t is certain that there are
some farmers that will not sell until later In
the fall. Poehler issued the following: 1--WE
honestly believe that at the present time the
professional bears are menace to good mar
ket, and II 1t were not for this professionalism
American wheat ought easily to sell 55c per
bushsl higher. good crop has been raised,
and plenty OF grain viii be handled, but there
Is no reason why 1t should be unduly placed
upon the bakgain counter, II farmers VIII hold
later, and from all indications and our judg-
u1ent Of the situation, the American farmer will
hold to the limit this year. He Is ten times
better prepared to hold than he was eight or
ten years ago. While there has been an in
creased home production, there is also going
to be an increased domestic consumption, and the
consumers will have to turn to macaroni -four
or pay more for their spring wheat four"
Local receipts were 12o cars against LAO. in
Duluth ID against p and in Chicago 1os against
IS. Winnipeg had holiday. The Kansas City
figures of 297 900 bu and 68O,O0 and St Louis
figures of 107, 900 and LIT 900, together with
the moderate run into Chicago bear out the pre-
dictions of last week that the pressure OF the:
winter wheat movement Is about over and the
heaviest receipts have been recorded.
Liverpool closed gid lower.
The Cummlns weekly crop summary reads as
follows: Valley C1ty-Cutting we'll under way;
some heat damage, but we'll up to expectation
Grafron--Harvest half over; said to be disap-
pointing account heat; grain rtpened too fast.
Edinburg-Good weather has advanced cutting
greatly. Notwithstanding in full blast;
some damage by heat; yield viii DO up to OK
pectatons. Milton-Outting Of wheat started;
dead ripe; some Smelling out. Park River-Har-
vest half over; too hot; yield to II blu per
acre. Hoople-Harvest Of wheat two-thirds over;
some blight by heat last few days, otherwise
look for fair crop. Crystal-Harvest wiz be
over last OF the week; damage to wheat claimed
by heat. W1llmar-Haxvest nearly over; many
claim wheat not well filed. Breckenridge-Crop
not looking az prOmls1ngl harvest ABOUT over.
Winnipeg, Man.-Harvest be over next week,
yield small In places, others good; about same
average Last year. Red Wing-Harvest OF
small grain about done; corn good. La Crosse,
! Wis.-Small grains all cut. good condition; corn
fine. Winona-Crops hero about all cut; pros
pect above average. Waterloo, Iowa--Corn COM
Ing fast, nearing perfection daily. Mason City
Little threshing done; oats turning out bad,
corn doing fine. Observation-Disclosures about over;
thresh this week, wheat and oats Door; corn
Madison. q. D.-Whaat vat. 1notrs
fine, fax good. Sioux City-Crop last week suf-
fered some from heat, corn doing fine. viborg,
8. D.-Threshing full swing; oats 90 bu per
acre. Luverne, Misunderstanding progressing
fast; corn fine. Parker, s. D.-Threshing oats
90 to IS; corn fine. Sioux Falls-Harvest over,
threshing full swing; corn doing we'll. Aber-
deem, s. D.-Threshing full swing; first returns
IS acres No. northern. Madison, Minn.-
oats and barley good corn coming ON fine
Fairmont-Wheat average CROP small acreage;
corn doing fnei oats about an average New
Ulm-Whsat fair average. grade No. 2 and 8;
corn and oats good. RedAeld, 8. D.-wheat
harvest over; likely about 20 bu, corn hne
Huron-Wheat harvest over; other crops fine.
Watertown, s. D.-Harvest barley and oats over;
wheat well under way.
Worlds az shipments were e,1es; 900 bu, against
1850, 1000 bu last week and 1892 900 bu year
ago: The Visible increased 2ee,ooo bu, making
s 8 t. easmss f fs sor p p S!sss
crop: including durum, will not exceed over e5,-
10000 o,so.. bu An confident l from personal in
spring wheat crop Of the three northwestern
states will not exceed 175, 5000, 900 bu. Two bad
weeks in July and the last ten days Of hot
dian northwest. ThTsshins returns viii viii soon soon
prove this story"
Primary receipts were 100000 bu, against
1,O45, 900 blu. Clearances we're very heavy,
wheat and -four equaling 9os,ooo bu
O. E. Lewis, from Allen: Don't forget that
wheat in the United States.
$ Strength in corn and buying of May wheat
by Brosseau frming market. 80. -
VI Wrenn buying little September wheat
Updike has been good buyer of May oats,
Pringle and local crowd on that side also.
ST. Cloud. hot and calm: 90 above. Fargo.
Cloudy, cool. Comstock, Cloudy mad cool; 70
above Grand Forks. cloudy and cool. Winni-
peg. cloudy and cool; looks like rain.
Northwest weather: Grand Forks, cloudy. looks
like rain. had light showers last night St.
aud cool. no rain; Hlsboro cloudy cool, 65
above; Winnipeg, cloudy and COOL about 60
eose Wheat fSe to So lower
Paris close; Wheat, Nc to 1c lower. Flour,
Monday genesay in North Dakota some ms w be
threshed this week. South Dakota marketing
new wheat at elevators.
with values sd lower. This decline was fol.
lowed later by a further weakness which car.
rted prices off A@kd. due to the pressure re-
sulting from the brilliant harvest weather in
the United Kingdom and the fact of the large
= Danubian shipments. Corn was steady at the
Send Us Samples Of Ne,
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