The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-08-25

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The wheat crop-as tho bulls report it.
Minneapolis Chamber Of Commerce,
Aug. 25.-The day showed no improve
naent in SO far as reports from the fields
were concerned. and the news coming
in was Of fields soaked by rain and
harvesting interfered with. Still the
market did not respond very much and
lit was difficult to maintain any adj,
vance. Speculation is dull. Probably
there will be increased activity after
che September option reaches delivery
day. At present there Is not much feat.
ture to It. The bulls insist that the
recent hot weather and the rains fol-
flowing reduced the crop to an extent
that will show up in serious manner
later. The bears contend that there
has been no damage extensive enough
TO lower the former good promise mate
rally, The bulls who are extremists
picture the crop as soaked and thu tf,9
harpdng on the great movement TO mar
1et, soon to start and break down
prices. Somewhere between the two
Is the safe ground. Some favorable
things appeared in the news. Clearances
of wheat and flour equaling $4,000 bu
for the day, while Minneapolis elevator
stocks decreased 1,941,2 blu for the
week, leaving 5.42o, 1868 bu in store, and
for one day since making M the report
neapolis received 96 cars, crnpared
with l46, Chicago 70 against 81 and
Duluth Is against 81. Winnipeg had
30, compared with Z. The Kansas City
comparison was $4,000 bu and 1000,
and st. Louis showed $4,000 and 10000.
Primary receipts were 900 against
100000.
Liverpool wheat was quiet at the
opening, with values unchanged. The
nearby option held steady, while the
distant futures eased slightlya toward
the close. The market was extremely
dull, with additional off-coast arrivals.
Corn was quiet at the opening, with.
values unchanged and the market neg
lected. Toward the close prices eased
off some from lack Of support.
The party Of Minneapolis and Win
nipeg grain men and bankers who have
been touring the Canadian west do not
seem to get together with reference to
the crop. Individual estimates of wheat
run all the way from 100000 to
100000 bushels. This is lower than
the yield estimated by Winnipeg ex-
perts who have carefully inspected the
entire wheat-growing belt. President
Tilt Of the Winnipeg Exchange places
sa@a ' SCOT e says n& lssh oat
come will be nearer to s0,oo0,o0o
bushels. do not think there will be
any more if as mach wheat for export
this year as last
C. II. Hood, Minneapolis, estimates
the crop at 100000. F. Darrell Of
Finley Barren & Co., Of Chicago,
thinks the crop will approach $4,000
W. A. Black, manager Of the Ogilvie
last year's,'' and he puts it between
& 80,0O0,O0O and 100000 bushels, tho
he admitted that the crop might 60 be-
{ Frost also damaged the crop in the
northwest sections,' said Mr.. Hood
duees the prospects materially"
81, 900 900 bushels. There will be dis
appointment, Mr.. Whallon says, for the
extreme optimists as recent develop
ments have been unfavorable for the
maintenance Of the former high
il the Commercial West H. v. Jones
ICED Of further CONF mt on nsf the W wheae
crop. Damage that reports indicate is
the result Of hot winds in North Da-
kota last week, but the damage is not
Of sufficient Importance to make nee
essary a revision Of estimate. Twenty
five threshing reports from North Da-
a 5,,t,, today INCLUDING s one piece Of
The fields threshed are from the Red
river valley and the northern tier Of
counties in North Dakota. Advices to
one Of the large milling companies in
Minneapolis from their special repre-
sentative in the. North Dakota field,
say the damage from hot winds is not
important. e II .~s.g-
HThe reports on fax indicate that
the rains a few days ago have had
favorable effect on late flax, so that a
larger acreage than has been antici-
Pated is likely to come into a fair
Yield. Reports from fax districts in
Minnesota and South Dakota are very
favorable, and there are no special
The Larimore farm in North Da-
kota estimates an average yield of ff-
Z teen bushels from their 5000 acres.
! This will be general turnout the north
west this week.
Worlds wheat shipments for Mon
day next will be about 100000 bush
els, Of which dde a6 quantity Europe will take !
4 shioments last week were 100000
bushels, and those Of a year, ago TO-
338 ,OOO Arrivals Of breadstuffs into
the United Kingdom during the past
week will aggregate about 100000
bushels. There should be a moderate
change in the quantity Of breadstuffs
4 on passage.
Walter Thexton., had the following
from Mclean: reports coming from
all directions placing damage worse
than anticipated. Heat cut down
y.
Send Us Samples Of Ne,