The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-26
Northwest Crops Would Be Bene-
flied by Dry and Cool
Weather.
Southwest Also Wet in Places,
but Crops Generally in
Good Shape.
Flour Market Very Dull and
Shipments Lighter Than
Ever.

Minneapolis Chamber of Commerce, June o.
Wheat was higher by We on the curb this morn
ing before the market opened. This was because
of the rains last night In the spring wheat coun-
try September wheat was down to S21sc at
the close yesterday. and sold around s2Ac after
today's trading began. Had it not rained, an
other decline would likely have followed, for
: Liverpool was ssd lower and other weakening
features were to be seen, notably the decrease
Of only $4,000 Blu in Minneapolis elevator stocks
for three days and posted -four shipments for
tho day of only IS, 4S6 barrels At Valley City,
N. D., 1t was raining. Heavy rains fell dur
ing the night at Sioux Falls. and light rain
at Madison, s. D.. while in Minnesota there
: were rains at W1nona and New Ulm. In the
Red River valley there was more of 1t, Fargo
getting that was not needed. Comstock
also had hard rain. With these reports came
took these Qrite seriously. Minneapolis looked
at them without alarm. It is too early for a
rust scare. More or less red rust is always
around. Eew believe that anything serious is
& growing weather follows the rains the wheat
oaGht to come along quickly. There is some
talk Of the crop being late, but 1t Is not gen.
8 orally late, and the places that are week be-
hind in development Of the plant would soon
catch up with right kind Of weather. The North
err Pacific weekly crop bulletin says: Wheat
shows an Improvement over the week before,
the warm weather proving beneficial. The plant
Is as far advanced as it was a year ago at this
time, and is growing strong. Flax, however is
about a week behind last season. Against this
there private reports that make 1t less favor
z able. K. 3. Groth Of Mayville, N. D., who has
completed 1,oOomile trip, wired Lewis that
the wheat in western North Dakota and southern
j Saskatchewan Is looking fine, but Ia two weeks
z late, and must have better Wea ther IL 1t is
going to- catch up.
Oklahoma had rain last night, and Guthrie
sent word Of delays to harvesting and probable
hampering of the movement to market, but the
southwest markets failed 10 show anxiety and
were hardly as firm as the northwest. ~
Receipts Of only II cars against 1T year
ago turned the cash market frmer. and No. I
northern was quoted &c over July, No. 2 north.
ern hc over. Sellers found demand excellent
In Duluth there were 90 cars against 80, Ia
Chicago against s, and in Winnipeg 19s
against 126. Kansas City had 10000 bu COM
pared with $4,000, and St. Louis 1900 com,
pared with $4,000.
Locally Woodwork was again the heaviest
trader, and was buyer of September. In Chi
borne, Brown. Tracy md Watson were local
sellers. Liverpool closed 1s@Ad lower.
Bradstreets showed a decrease Of 1,646 O0C
blu in wheat east of the Rockies and of 1900,
600 bu in Europe and afoat, a total worlds Wis
ible decrease of 100000 bu, which compares
with decrease of 1858 900 bu year ago.
The champion bull Of the season turned VI
person Of A. B. Jaquith Of Omaha. Wheat, u
said Mr.. Jaquith, lis worth dollar a bushel
and will day sell there. It is the cheapest
thing on earth. Even If you raise gooi
crop up here, it will not go down much, and l,
you do not raise big crop 1t will go up fast
say wheat right now is worth more money
than the markets show and will sell up al
right later on Among the conservatives of thu
F. local floor who can see no good In the wheat
Mr.. Jaquith was conspicuous. His views were
q little too radical for most of them. Nebraska
she says, will have about 90 per cent of a wheat
@crop .. E-s5z,-... ~
g Primary receipts 174,ooo bu against 2s2, 600
Clearances, SO, 600 bu.
Il Buenos Aires cable to Kneeland reads: 9Th,
weather is wet and cold. Expect decrease IL
uvho nVap
Marfeld, Daggett and the Northern Grain com
pany were good buyers Of December wheat ant
caused the late advance. Local traders were
trailing on thinking there might be some
thing wrong with the northwestern crop. il
~ @Broomhalls weekly summary of the foreg1
crops says: United Kingdon-Crops doing we'll
In the west and SOUTH but big crop in thu
Esnorth northeast and east Is expected, witt
quality excellent. Supplies very small. Ger
,amany-Weather very favorable except in tn
Essouth Crop conditions higher than montl
ago. Hungary-A full crop is expected. Ruma
mia, Bulgaria-Crops have been damaged by TN
favorable weather, but fair harvest is ex
81 pected. Turkey7Severe damage has been don
to crops by foods and rains. Italy-Complaint
lin south, elsewhere favorable. spain-Good har
vest expected. Tunis-CFop damaged by rains
.,FA1geria-Crop outlook good. Russia-Outloo
Caucasus good. In southeast is variable, mostl
poorish. In east and south poor. = &
The forecast: Illinois, Indiana, Missouri
Il Generally fair tonight and Wednesday; no
much change in temperature. Lower and Uppe
"a ALPHABETICALLY showers tonight o. Wednes
Minnesota Iowa, North and South Dakota-Prof
55ably showers tonight or Wednesday; warmer
Nebraska and Kansas-Generally fair tonigh
Saand Wednesday; rising temperature. =@