The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-15
Wheat Very Dry-In Nebraska and
Kansas.

Minneapolis Chamber Of Commerce, June 10
Nebraska the center of interest for the
bulls In today's market. 1t Is dry over large
part Of the state. The wheat needs rain The
Louis insist that material damage has been
oTsv II The en- bears 5ps in hee and 6en1
thato the situation is not alarming, and that
there Is still chance for big Nebraska crop
with rains reasonably soon The bulls had the
better Of it in actual practice this morning, for
ass here ere s4d from 81 sIs to s2s e.,
break that the bears have been threatening
the crowd with for several days again
postponed. 1t is difficult to get q conservative
view Of the Nebraska situation. Now Kansas
is again Ginning in with dry-weather sound.
and the bells are ringing the ~death kpell of,
the crop. There is not the least doubt that
there Is much dry land in Nebraska and Kan.
the prediction is for fair weather tonight
and Saturday for these two states, no relief
seems likely this week. 1t can be said, how
ever. that Minneapolis firms with lines .. COM
munication thru the dry districts do not make
1T out one-haf SO bad as do the reports sent
out by Chicago houses ; It is safe bet that
Of a wet harvest, for, despite the recent set
backs In price, the market Is still bull
affair. and they are not going to lose any op-
portunity to keep control of it.
The dry weather. tho principally important,
was not the only bull by any means.
Liverpool was kd up at first then up Is Old ad-
ditional,' and As@4ad higher to close. Broom
hall reported better demand for cargoes and
corn, which had effect. Coarse grains We're also
higher. and with Chicago July oats up to 411ac,
there practical illustration Of what hap
pens (sometimes) to the who sells short,
and naturally the shorts in wheat got a little
nervous, Then there was steady cash demand
only $50 cars in Minneapolis against POI a year
ago. There were number of other minor bull
items. The fact that local elevator stocks will
decrease only about $685. 900 bu this week was
bear point. The bears also threw great
scare into the market because a car of new
@intsr n wheat grading No red and Weighing
wheat business bear argument is as Jet
little far-fetched. One car does not make a.
safe harvest any more than one swallow makes
a summer, and the wheat has right to grade
No. 2 red and 1t is not against the law for it
to weigh 81 pounds.
Receipts at other markets, with last years
comparisons, were: Duluth "a and 8, Chicago
8 and l. Winnipeg 81 and 81, st. Louis $4,000
bu and 10000 Kansas City Is, 900 and 1000.
Bradstreet's clearances for the week. wheat
and flour, 2,849. 900 bu; corn, $40, OOO previous
week, wheat and -four, 1901 600 Blu; corn, 5Ts.-
COO.
Broomha11's German cables say there are com
plants from Germany that rains are damaging
on corn will be suspended till the end Of May,
1907, duty Of about 15c per bu -.
Ciearances 49,, 900 bu; primary receipts 347,-
coo bu against 265. 900.
Corn strong again with the dry
weather theory working. Traders were confident
~ buying May and December corn at price
which has generally been short-crop price
after harvest.
Captain Phillips wired from Newton, KAN
that harvesting starts tomorrow on a record
breaking crop. -Giford's Nebraska advices say
the weather is cooler and all crops in good
shape.
Marfelds advices from Nebraska received lust
before the close Of the market, were that dry
weather has done very serious damage. and that
tt looks like about 60 per cent of wheat crop
the state = =
The Modern Miller says: Better reports are
received generally from winter wheat states,
Nebraska excepted, where the. crop has further
deteriorated because Of the ng-continucd
drought. Where the plant has headed many Of
lack Of moisture. Otherwise prospects have i'm
proved as rule. Most advlces state that the
heads ON short straw have filled out well with
plump berries. With favorable weather for
harvesting, a good yield Of unusually fine quail
tty 10 probable >.s, .a.
The weather map: Canadian northwest, tenn
peratures 50 to 81, generally fair; northwest
City .02; west temperatures 81 to "a, partly
cloudy. Davenport ~ and raining, Dubuque TO-
sSeokuk -oe, Springfield, Ill, :l2, southwest
temperatures 60 to 70. partly cloudy. Dodge
City IL; Ohio valley. temperatures co. to. So,
partly cloudy, indianapolis raining, ~, Column
bins "a. Knoxville, Tenn, Ito. : :-5re..$5. -a5=.4
The forecasts: Indications are for showers
weather thruout the balance Of the district
mostly fair; Temperature will continue nearly
stationary.
Omaha wired at 1 pm: Local forecast fair
tonight and Saturday, and not much change in
tempera ture )"