The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-25

Minneapolis Chamber of Commerce, June 25.-
Wheat opened easy this morning and looked
like going lower. September sold of to s2h@
S2Sc. Then Woodwork began to buy and
checked it. Whatever significance there might
be to the buying could not be made out, but
considerable wheat was taken The rains OF
yesterday and last night over the northwest
had effect. The general tone of the market
however, was hesitant Everyone seemed afraid
Of getting wrong and being whtpsawed Later
on when it again looked as tho prices were
about to break. news favorable to the price
began to come from South Dakota. 1t is fact
that there has been much rain, and South Da.
tkota 10 perhaps little behind in places. but
one has attached Importance to this. Today
the news began to hint at less favorable gen
eral promise. McKfnnon had message making
Dakota rather doubtful The trade took the re-
port as probably fairly representative, but as 1t
is yet early and good weather later in the season
could do much to right matters, there was no
ster. 8. D., and read follows: Wheat on
old land looking sick, blades yellow and dead
and stalk spindling; lots Of red rust on leaves
and stalk Was at Logans farm. Brown county,
yesterday, and found conditions in both counties
the same Old land cannot produce three-quar-
tiers Of full crop with best weather Sunshine
and warmer weather needed Macaroni wheat
alec affected. Rain again last night"
Last year the latter part Of June, and early
part Of July brought weather much like the
present. Alternate wet and hot days brought
rust reports. "A year ago toudy Iuere was
rust scare on Following that rains came again,
and July rain fell all day. 1t looked
like runation for the crop, yet there was
pretty good crop after all Recollection of this
lessened the effect Of todays bad reports. They
may be all right, but many feel that even If
taken at the worst they are too early in the
season to warrant alarm, for wheat always dis
plays great recuperative power when bad wealth
er turns to good -- r.. ~
Mlers said that the southwest was in with
larger offerings Of winter wheat at lower prices
than Saturday. and that they bought none
of it. The offers were made by Kansas City
houses for shipment to Minneapolis in July.
There would seem no good reason why the Min
neapolis mills should buy this new winter wheat
unless prices were low enough to show a good
difference, for there is no scarcity In sight
here. Indeed. the local showing statistically
was against the bulls. for stocks decreased only
25,0Oo bu for two days, while 2s5 cars were
received here against 200. Duluth had 43
against 16, Chicago 8 against and Winnipeg
81 against II. Kansas City got 1000 bu against
$4,000 and st. Louis 10000 against 49,
Cash demand was good at TX @2c over for
No. / northern and July price to 1ac over for
No. q s.-
Liverpool closed 1s@Ad lower. y
John Inglis quoted in Chicago saying
that Kansas is good for 7o,ooo,ooo blu wheat
at harvest, and that there will be more winter
wheat all told than last year. -
Primary receipts, 417,O0O bu against 344, 900.
Clenrances wheat and -four, $4,000 Blu. .:
A Redwood county. Minnesota, farmer was
reported in Chicago as saying that red rust was
In all the wheat fields. Slaughter of Chicago
had Duluth message saying part Of North
Dakota was in bad shape and the northern part
is good but backward Chicago appeared to
be receiving much worse reports in this respect
than received in Minneapolis which sug
gested that possibly the Chicago bull crowd were
wearing different spectacles
Van Dusen a seller of July later. The
market had steady decline towards the close
September going to s2Bc, 11sc lower thar
the high point Of the day.
Broomhan cabled that according to officia
French report the under wheat Is 16, 090, O0(
acres against 16,046,OOO last year ant
10, 40, 600 acres two years ago. Under winter
wheat, 4.4eO, 900 are in good condition
and IL, Gao, 900 acres in fair condition. TIL,
area under spring wheat is 494, 900, Of which tn,
condition is fair to good. Acreage under oat
has increased 234 900 acres and the condition i
fair. Acreage under oats last year amounted
20 e,42s,O acres, and two years ago t.
4,470,00O acres.
The weather forecast Illinois and Indiana
generally fair except probably showers in soutl
portion tonight Tuesday, nearly stationar,
temperatures; Missouri. partly cloudy with pos
sibly showers tonight Tuesday, nearly sta
honary temperatures; Wisconsin,, partly cloud
with possibly showers In west and central por
lions tonight Tuesday; Minnesota and Mort
pakota. probably showers tonight or Tuesday
IOWA, South Dakota. Nebraska, Kansas an
Montana. partly cloudy tonight and Tuesday, no
much change in temperatures. 49,.