The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-16

Minneapolis Chamber Of Commerce, July TO-
strong ind higher Liverpool cables were tho
up to start and gained thru the day, coming
M@&d later on. This was due, Broomhall
said, to wet weather In south Russia, light
offerings. small worlds shipments and conse-
quent good speculative buying. When the clos
ing cables came they Is Gid higher,
! most substantial advance. First look, naturally.
was to Winnipeg. for with Liverpool SO strong
export business above the line was to be ex-
pected. To 11:15 am. only five loads were
reported. which little disappointing.
Some business was said to be pending in the
eastern Canadian markets. Locally the market
was very disappointing to the bulls, for while
the tone was firm enough and prices even a
little higher, no such buying appeared as might
have been expected on what was practically a
penny rise in Liverpool. For thing there
was the selling out by those holders who had
:, figured on rush scare. On Saturday there were
rumors and counter rumors, and while no BLACK
rust could be found and best authorities SAID
IS there was none the situation nevertheless was
z such that had the crop week opened with
hot, muggy weather, rust scare would al
most certainly have been on Instead there
were low temperatures, rain and cool weather
: generally. 1t was all of with the rust for the
time being at least Then the movement was
heavy. Minneapolis got 9O2 cars against lel'
! Winnipeg 50 against IA, St. Louis 100000 hu
(. against 221 900. Kansas City was late in re-
I porting, but said to have big run:
u Statistics showed worlds shipments OF only
and 9,3s2, 900 year ago. AS Russia and India
fell off and America gained little this was
a strong showing. The quantity on passage de-
:: creased by 3176ooO bu and Is now down tc
so 600 900. The visible decreased by 100000
leaving the total "a ,247,OO
Kansas City receipts were $500 bu against
55S.C00. Estimates for tomorrow are for ood
cars for Kansas City and 100 for Chicago. .~
Cash wheat sold September basis. 2@2Ac
over for No. 1 northern and k@Ac over for
No. 2.
crops reading as follows New Uim, MIMI
Crops looking excellent for everything same as
last week. Scattered rains of past three days
claimed to have done no damage. Madison.
Ninn.-Past week has wonderful improve
ment. Crop looks as tho it would exceed
that of last year. Winnebago-Wheat has i'm
fields hold well. No reports of black rust as
yet. Lamberton Minn.-Wheat looking fine,
some red rust. Corn fair. oats good, rye poor.
Sioux Falls, s. ,D..Wheat looking we'll past
week has been highly favorable. Oats looking
very good. Corn still backward. Weather past
few days too cool. Barley excellent crop
Edinburg, s. D.-crops continue good; wheat
heading nicely; other grains progressing season
ably Crystal, n. D.-Condition of wheat con
tinues good. Comstock, hIinn.-Ideal weather
the past week for wheat. Grafton, N. D.-Al
grain doing well in this vicinity. Hoople, N
D.-Condition about average; yield of wheat
expected to be from. 10 to 20 bu per acre. Lang
don. N. D.-Prospects still brightest for goot
many crops Wheat heading out nicely; pres
Wheat looking splendid; an average crop Corr
little short, being about two weeks late; onl.
about two-thirds crop. Viborg, s. D.-Corn i'm
proving rapidly and good crop in sight. Dat
harvest will be on this week. over 90 bu to thu
acre and of good quality. Parker, s. D-Coo
northwest wind. ALI crops progressing favor
ably; weather conditions could not be improved
Harvesting oats and barley. 800.
Primary receipts 100000 bu against 1,O7O,
600 last year. Clearances 10000 bu.
Charles e. Lewis had" a letter today fron
Rollin E. Smith, who Is back in England from
Russia. It said: "ReportB from Russia ar
pretty bad for the spEing wheat and rye-wors
Tor rye than put the crop. Political matter
very bad there, and general revolution an
time would not be surprising. The wheat i'm
porters here establishing the basis of price
sor their ideas-w1thout regard to America
They look at the United States as a non expol
ter, and base their prices on the rest of tn
world. Therefore, should the United State
have a short crop-no surplus-it would no
affect prices materially here But should th
United States have big crop and good 81,
plus prices would decline here. It's case {
heads win, tails you lose. II the Unite
States has surplus, prices must, occasionally .
least, come down to an international basis
no surplus, American markets and traders ca
light 1t out among themselves
The French crop is short Of last year, earl
promises being realized . =. m