The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-19
Wheat Pestered and Excited.


Minneapolis Chamber OF Commerce. July H.
More black rust reports were in this morning
from South Dakota and southern Minnesota One
sample Of wheat from the vicinity Of st. Peter,
MIMI, showed rust-infected stalks that were In
very bad condition. With firm Liverpool cables
and other things strengthening, September sold
up to Toe early. Then it essed back to 1885 q
7S1sc, and waiting market followed. The
news coming tn here from South Dakota was
highly favorable for the general promise and
men back from the fields held opinions confirm
story Of that of H. V. Jones, who said late
yesterday that another week of good weather
will bring the South Dakota wheat along be-
yond danger OF serious damage by the rust.
McCaulrs office had advices, confirmed largely
by, personal observation, Of showing better
than ever known In many localities ana every
crops In South Dakota in both wheat md oats,
The situation then Is that the big promise
much talked Of remains, and the crops have
pulled along farther the chances Of harvesting
them are 80 much better, but, meanwhile, the
black rust being definitely located in sew
eral places, 1t makes for uncertainty. With
the right kind Of weather, wheat will soon be
safe. With bad weather 1t will suffer. The
finest samples of growing wheat ever seen ut
this date were received today by Commons from
Pferpont s. D. Both spring and durum were
perfect
The speculative element watched the move
ments Of J. A. Patten, who was headed from
Chicago for Watertown. s. D. and was due to
t1cular reputation as an expert and does not pose
one. but he undoubtedly knows black rust
when he sees 1t. 1t was figured that If he
got to Watertown and found the rust there he
might throw a buying order back into Chicago
that would stir up things, and so the shorts
were quick to get under cover when they saw
prices turn against them this morning for they
did not know but it might mean some big new
buying. Patten sent wire to his Chicago Of
fee saying he found the black rust, that It was
early yet and might take ten days to tell about
the damage He wired ]. D. Fraser, Mime
apolis, that he would go out into the fields in an
automobile and report later. Really the inter-
esting thing in Patterns report was his COM
ment about macaroni wheat. He was surprised,
he said, to find so much of. the wheat around
Watertown Of the durum variety. A month
ago or longer there was much comment about
the big durum acreage and how it would cut
into the spring wheat proper. Since then
there has been little thought of it, but there is
large acreage and as an influence in deter
mining the price of wheat and relative values
this will be important some day.
The winter wheat crop is moving in earlier
end ss and in Eum St. Louis
and fell under a year ago with 1920 bushels
against HS0OO and 275,000 against 1000 re-
spectively. but Chicago received 402 cars against
e5. The smaller markets beginning to gel
wheat. Toledo with 20 cars year ago had 4
today, and Detroit showed up II against none {
year ago. In the spring wheat receiving mar
kets the comparisons were lit and 1928 for MIN
neepolis, 81 and 10 for Duluth, 80 and e2 70,
Winnipeg.
Minneapolis elevator stocks decreased 500,
6 600 bushels for five days.
port business today. Yesterday over twent,
loads were reported sold, besides which Their,
was export business tn durum and in new har,
winter wheat. The durum was in part new
crop stuff sold for future delivery.
The Price Current says winter wheat yield
are above expectations and the quality IA fine
Corn is making good progress with the outlooi
very encouraging. Oats are improved AM
much better than expected.
Russian reports were better. The fact tha
Antwerp was so Indifferent all along made man,
doubt the seriousness OF the Russian news whe1
received some days ago.
Cash demand was fair at TX @2c over septem
Der for No. l. northern and H@%c over 10
No. northern - = - E.-
Primary receipts were 900 900 bu, apafns
$4,000 bu. Clearances $4,000 bu -