The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-21
MIR. Winter Wheat, of Kansas, Neec
e. an Umbrella.

q Minneapolis Chamber Of Commerce, June FL
Cool weather and cloudy skies from Minneapolis
down to Cairo, with rains OF side In both di-
Fecttons and heavy rains In Kansas, made the
early wheat market hesitant and strong at about
yesterdays close to start WITH and higher later
FOR both July and September. That Kansas, SO
recenty complaining of drought, should now send
IN complaints Of too much rain, Is not SO sur
prising inconsistent might perhaps be sup
posed for Kansas Is state Of cratic climate
end extremes in precipitation and the distrtbu-
ton OF moisture. Thus, while many localities
were but recently in fear lest the crops die for
lack Of rain, these localities have now
had repeated rains for several days and would
be glad to see it stop and have the come
ont again. Emporia, Kan, wired that rain
began falling there at 10 p.m., and there was a
downpour thruout the night. Northern Oklahoma
snd southern Texas also had rains. These rains
ere beneficial. They will do good in ten locali-
ties where harmful in If the weather
should remain cold and cloudy for any length
OF time and should rain continue, then the ben
at to corn and the general benefit to the coun-
Try might be lost In the prospect of a wet har-
vest In wheat. But this is anticipating. How
ever, 1t needed but the report Of continued rain
this morning, at Kansas and Oklahoma points
10 put strength into the market, which Is
very sensitive. The northwest appears to be
IN good condition except for the few bad places
already noted. The weather is not of the kind
to bring the crop along rapidly, but it is much
to be preferred to dry, hot season with drought
complaint Taking the situation on the whole III
winter and spring wheat 1t cannot be said that
there has been any change in the past few
days to alter it materially. The crops promise
about they did last week. The weather at
this time is not favorable, and the forecast is
for another day Of low temperatures and rains,
but this is nothing necessarily serious. Good
weather coming along again would probably tone
down the bull sentiment somewhat.
For five days Minneapolis elevator stocks have
decreased 225. 600 Minneapolis received 1871
cars today against 40, and other comparisons
were: Duluth 81 and 8, Chicago and /, Winni-
peg 81 and Ga. st. Louis 1900 bu and II 900 and
Kansas City $4,000 and A, 900. -
Liverpool closed rs q Nd higher.
ArmouI's Chicago Office sent out telegraphic
summary of reports from Antwerp, covering the
crops, which said that continental Europe has
better promise than last year. Rumania has
about an average crop and in Russia the new
wheat is promising we'll. Should the same con-
dttions exist at harvest" says the report, "ever
If American markets advanced, it is doubtful II
Europe would follow On the other hand
Poehler of Minneapolis has been looking into
the foreign situation very closely. and in recent
bulletins makes the European outlook with refer
ence both to supplies and to new crop prospects
decidedly more favorable to the price Of wheat
Lincoln, Ill. mot Nebraska), came in with
the first "black rust'' scare Of the season. The
bulls made the most of It,. To old-time rus
men of the northwest, men who went thru thu
great rust damage bull market Of recent mem
DRY, and to whom red and black rust and condi
lions conducive to damage are things familiar
SohtAeAl. s1ScotApdHy Lne Lincoln repOc
did not read right, ttThe rust is black 1
said, "and altho the wheat is only in the mill
1t will do damage" There may be rust a
Lincoln. H.; very likely there is, but the com
mentator did not send the kind Of report tina
would indicate familiarity with rust or technica
knowledge of its effect. Hence, there was som
hesitancy here about accepting the damage par
OF 1t seriously. The bulls also had to stan
against utter denial of the sensational Argentin
news that started the market going yesterday
THE damage said Ruenos Aires cable 81
barely worth mentioning. Wheat seeding
going on in the province named 'r's -.
The Price Current says: Winter wheat ha,
vest beginning with indications Of good oualit
and yields just1fying expectations. Advtces cor
corning oats confrmatory Of shortage in crop
Corn irregular. Cool weather not propitious br
crop making fairly good progress, clean Of seed
and few evidences Of injury.
Cash demand was good at tx @2c over July fo
No. northern and A@Nc over for. No, q ~
Primary receipts 211, 900 bu, against 251 900
Clearances, 1870 OOO -
The weather forecast: Illinois and Indiana
Generally fair tonight and Friday except show
ers In extreme north Missouri and Iowa-Fa
tonight and Friday; not much change in temperi
ture.s Lower and Upper Michigan-Probab ]
showers tonight and Friday. Wisconsin-Prob,
bly, showers tonight Friday generally fair ar
cool Enthusiastically fair and continue
cool tonight and Friday, except rain In mort
west North and South Dakota Nebraska ar
Kansas-Fair tonight and Friday; warmer Fr
day. 80
The market fell back almost a cent from his
point at the close.