The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-05
Minneapolis Firmer to Start the
Day on Rains Northwest
Last Night.
The Southwest Somewhat Weaker
on Better General Crop
n Outlook.
Henry L. Little Sees Possibilities
for Dumping Big
Crop.

,Ji,,sonolis Chamber of Commerce, June o.
wheat became more active today, with the re,
opening Of Chicago, closed yesteiuaH. sa;rr
sin had a holiday. There was little 1ofeish
news of influence, tho Budapest was lc Lowell
Chicago was weak. Minneapolis shoWeu 'A |
greater flrmness early, because OF rams anu a
foracast indicative Of more to come. southern
minnesota is very wet in places and some Oh
the farmers are complaining. Attic condlIlohs
are not the best and growing weather Is hachns
nothing more serious than showers OF thunuef-
storms are expected. The weather IS OF tne
disappointing variety, yet 1t can scarcely De salu
to be bad. The Red river valley is III ABOUT aS
poor shape in the wet places as II Wen can 1ue
but elsewhere reports are good The 800 me,
Northern Pacific and Omaha reports are hlghiy
favorable. In the western country wheat -
doing particularly we'll. Outside news was pear
isb in general but conflicting and bullish IN
some particulars. Kalb who has returned TO
Chicago from the southwest, says lo'ooo'ooo ou
FOR Kansas Other Kansas estimates, including
Dun's run from 80. 900. 900 to 80 900 600: the
Chicago bears are making capital of the ap-
preaching southwest harvest ana are pointing
out that the winter wheat Will soon De MOVING
to market and as there Is no export demand
and milling trade is poor buyers IN the country
will naturally hedge in Chicago. This, however,
is anticipating. Many things might happen.
Ohio, with condition of lob q month ago.
came down to 95 in today's monthly report in
which the bulls found some encouragement, yet
at that Ohio Is 2 points above year ago. Oats
in Ohio are put at IS for average condition,
against o. year ago. King OF TOLEDO says the
decline in the condition Of the wheat was due
principally to dry weather. Also some smut and
hessian fly damage.
Henry L. LATHE is quoted as follows In the
New York Journal Of Commerce.: 1--WE had
quite bit Of rain in the northwest but 1t
did little damage except perhaps IN some
localities, where it may have damaged an acre
now and then; If so, it benefited five elsewhere.
At this moment, in my opinion, the crop In the
northwest never looked better than 1t does to-
day; and there Is an increased acreage OF 10 to
IS per cent in the three states. If nothing hap
pens we ought to harvest humping crop, but,
? OF course, it Is too early to tell just what we
will get.
''For my part, I cannot get very bullish on
wheat at the present time-altho I will admit
the stocks Of old wheat are pretty hght-the
visible supply being only about 5000, 600 or TO-
100000 bu larger than a year ago land most OF
that increase right here In Minneapolis), and
the price 25c to 8oc per blu less than year
! ago. If anything should happen to the grow
ing crop later on there is 10 telling what prices
Z might do When I know that milling mix
7 ture has cost us 90c per bu the last three
3 or four years, and over 81 per bu the last two
years, can think that wheat is not very high
z at sOc. On the other hand, II we get bump
ing crop it seems to me we will have to go to
9 an export basis, which means several cents
lower than we are at the present time
= Elevator stocks decreased 100000 for three
days. Receipts with comparisons for a year
ago were as follows: Minneapolis, 178 cars
and 1877; Duluth, 65 and II; Chicago, IS and 1;
Z Winnipeg, 1853 and s.; Kansas City, 145, 900 bu
e against 81, 600; St. Louis, 81 900 against Il GOO
The June government report will be issued on
Monday, June l.. 1t Will give the condition Of
spring wheat and winter wheat and barley, also
acreages Of spring wheat, oats and barley.
- Around the cash tables quotations were about
the same, at Nc over July for No. northern
end July price for No. 2, and demand pro
nounced fair but the market the whole wat
not up to scratch Buyers were more particular
and full premiums hard to obtain unless
offerings very choice.
Clearances, 204 900 bu.
The visible decreased 1, 1852, 900 bu, leaving th
total 80. SIC. GOO.
Primary receipts, two days, 704, 900 bu agains
765, 900 last year.
The weather forecast: North and South Da
kota end Montara-Sh0wers tonight or Wednes
day. Minnesota-Showers and thunderstorms to
night Wednesday. Illinois and Indiana-Gen
orally fair except local thunderstorms- Missouri
Iowa, Nebraska and Kansas-Fair except TO
night, thunderstorms; warmer.
Broomhalls foreign crop summary says
United Kingdom-The wea Their is good for tn
! crops and prospects are fair. France-The out
Il look for the crops is favorable Germany-I
/ the south and center there have been heav
rains which have caused some lodging, otherwis
the condition Of the crop is favorable. Hungar
The condition of the crops is generally ia
.svorable, caring being we'll forward. Rumanis
Bulgaria and Turkey-The weather recently ha
been much too wet. RUSSIA wire from Odess
E speaks Of complaint Of heavy rains and hail
the southwest districts, but thinks damage re
ports exaggerated. Drought exists in til
5aCriInea, southeast and south center but ma
have medium harvest Arrivals at Nicolaieff ar
Elarge and at Odessa moderate. Italy Spain an
North Africa-The crop outlook is favorable.