The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-08-23
Mr.. Wheat reads about ukase.

Minneapolis Chamber of Commerce, Aug. 3D.
he Russian ukase, that everready resource
Z the bulls, in the foreground again to-
hy. There was the rumor when the market
Pened that Russia would prohibit exports Of
grain. 1t was the old story over again. When
the Russian-J Japanese war began the Russian
ukase that was come, but came, was
heard of very frequently. At one time its issu-
said by the gossips to be impending,
and a matter of a few days only. 1t never
came, but the contrary Russia badly In
need of cash, rushed out her grain in greater
quantity. Moreover the average Russian mer-
chant exporter could little good in
perishable or destructble property at time Of
general commercial and financial disturbance
Money looked good to him. because, In the
event of the overthrow of the government and
a state of anarchy, he could put the money III
his pocket and skip the country. Hence those
wise and mighty economic thinkers of the Chi
cago Board of Trade, who then predicted q
falling off in the Russian movement, not only
were wrong, but everyone who followed them
went wrong, for Russia just naturally threw
her wheat at the importing countries of Europe.
For nearly three years the Russian ukase has
bobbed up market influence at regular in
teryals. The popularity about it IS that 1t
cannot be scoffed ut or ignored. Russia might
indeed issue an official order prohibiting wheat
exports. Once, years ago, this was done. Should
it come again it would be influence of first
magnitude. Prices could not fail to rise. But
any American grain house that claims to know
what the Russian government Is G hing to DO Is
sian government apparently does not itself know
what it is going to DO
1t developed that Raymond & Co. of the out
side trade had message estimating the total
EussiA.. crop at 2O0OOOO0 bu less than the
average, and that consequently it is to be as
sumed that the Russian government Will prob
ably prohibit grain exports later on. This is
five weeks old. 1t illustrates the prestige at
taching to an eastern report. Raymond's office
might have found this in detail in the Mime
apolis reports stale. All that New York
man has to do is to take Minneapolis paper
month back, pick out something that then
appeared originally and probably from author
1tGStve source, rehaSh it, send 1t out, and the
grain trade gasps and stares and says: Here
is the real thing-the redhot reliable informa-
tion."
About 25 wheat showed up IN total
receipts here of 113 against 107. The new
No. northern sold &c over for spot and about
&c to arrive. Old No. l spot &c
over and old No. 3@31ac over. Duluth had
cars against +, Chicago 90 compared with g.,
Winnipeg 26 and %. st. Louis receipts Al, 900
blu against 60, 900, Kansas City $4,000 against
10000.
Liverpool closed 1s@%d lower
Local elevator stocks decreased 1,125, 900 bu
far this week.
The prediction for probable showers tonight
and tomorrow made the shorts nervous There
has been considerable rain already. Graves had
the following from Hubbard, dated at Hoople,
& N. D.: Il find upon investigation that the
wheat will not thresh out anywhere the
+ expectation Of short time ago. The heads
are not by any means we'll filled, and wheat not
cut Is dead ripe and the straw is soft. These
rains causing it to fall down. Not over
half of it that has been cut In this part of the
northwest is shocked. and it is lying in bundles
the ground I say most conserva lively
that North Dakota will not thresh any more
wheat than last year, excepting durum, which
will be larger crop. Flax is not filling well,
and the seeds to be small"
The Northwestern Miller says: considerably
less -four sold by Minneapolis mills last
week than in the preceding week. This was
probably due to wheat being on the decline most
Of the time. While the majority of mills re-
ported quiet business, there few ex-
ceptions, where good business done. On
one or two days, when wheat was strong, sales
were pretty large. at least in some instances
but at old prices This to sustain the
belief that, with wheat showing strength and
steadiness, buyers pretty to take flour
: Sales in the last two days have been fair and
81 lend strength to this view. The increasing pre-
MUM for spot wheat has been condition which
has made the miller hold -four quotations with
out change, despite the decline in futures
Primary receipts, 100000 bu against 453 900
Clearances wheat and flour, 52o, 900 bu.
The weather map: Canadian northwest, TEN
peratures 4e to "a, cloudy, Winnipeg OF, GU
Appellee and Medicine Hat IA, Calgary .04
northwest, temperatures 81 to %, cloudy, VIII
1iston 20, Bismarck .06. Devils Lake .OS, Du
q luth 49, st. Paul 90, Pierre raining O4, Huron
raining "a, Moorhead so; west tempera lures
4 Sc to IS, cloudy, Valentine &c. North Platte 10
Sioux City trace; southwest, temperatures sc /,
70, cloudy Kansas City 5.92 and raining; Obi,
valley, temperatures 81 to 76. fair, Cincin
natl .01. Cairo and Evansville trace.
The forecast: Illinois, showers tonight AM
Friday, cooler in north and central portion; In
diana, showers tonight cooler in north portion
Friday showers and cooler Michigan, showers
tonight Friday partly cooler; Wisconsin, shower
tonight; Minnesota, partly cloudy tonight, show
ers in east and south portions Friday partl,
cloudy; Iowa, showers and cooler tonight, Fri
day partly cloudy with showers and cooler II
east portion; Missouri showers and cooler to
night, Friday showers with cooler in east Dor
ton; Kansas, showers and cooler tonight Ne
braska, showers tonight; North and South Da
kOta. showers tonight Friday fair and warma,