The Minneapolis journal., 1906-08-11
.EgM6ue .Goq $40 G42eId v


Scarcely had the grain trade time to digest the
sgovernment report and figure out what 1T meant
with reference to the price OF wheat, when
EJones came out with his annual summary, cov-
Sering both spring and winter wheat. Jones
twas less bearish than the government on winter
kwheat, but he estimates big spring wheat
Fcrop. The government certainly carries on the
sprize this time for bearlshness, 1or the estlmate
BIS for as much winter wheat and high con-
Sdition on spring wheat, as may be figured out to
znean 759 600 900 bushels, while Jones places the
n1na ximum spring and winter wheat at 736, OOO,-
hOOO. To North Dakota Jones gives 1O0, 900, 600
Bushels, and some in the trade looked at this
saS big total, yet the surprise was probably due
Sto the fact that nothing like 1t was ever known
Sbefore and it looked big, rather than to any
s1nablity to account for the wheat for anyone
$familar with government figures and accepting
sfhe government report Of acreage that appeared
ssome time ago, must have known that with
s5,9a2;OOO Or about 100000 acres more than
last year North Dakota was going to raise some
kRheat If given a fair show. With the govern
sment and the Jones report now out every man
scan sit down and figure out for himself how
fanuoh wheat the country has got to sell abroad
Sand this sort OF calculating will go on all next
fweek. 1t is probable now that the most bearish
fnews wheat has been heard. If a little ex-
Sport business be done every day and the
Nspring wheat movement does not run as heavy
as talked Of of the extreme bears may
.be disappointed in the price. Today there was
va late report Of the sale at the seaboard Of q
f3loads wheat, 20 loads corn and $4,000 bushels
toats for export. If the country can keep this
" up for while the pressure will not be SO great.
y 1t is true there is big crop and big export
able surplus, and If the export outlet becomes
blocked and the load backs up on the American
markets prices will go very low, but already
there is evidence that the foreigners will buy
wheat at fair prices for the quality is good.
y feature today the high prices for cash
wheat relative to the options No. / northern
sold at 4M5c over September, No northern at
11@ @21ac over, and No at September price to
11ac over, No. bringing high ESQ
Tie. or almost September price for the choicest
lots. There is not much old wheat moving, and
of the receipts here good part is winter wheat
and anyone wanting old spring wheat off the
cash tables has to bid for it.
Local elevator stocks decreased 200 900 bush
els for one day since making up the weekly re-
port.
Minneapolis received Ill against 112; Du-
: luth, 1 against 4; Chicago, 362 against pa;
Winnipeg, % against 13; while the southwest
t comparisons were 10 cars, 1o3, 900 bushels and
15S 900 at St. Louis, and 141 900 and 1914 900 at
Kansas City.
j. Primary receipts, 1000 bu against TT ooo
Clearances, wheat and hour, 523,O0o bu.
F The weather map shows it clear in Canada,
North Dakota, South Dakota, Minnesota, Ne
ssbraska and Iowa, trace Of rain at Huron, s
3D. good rain at Dodge City, Wichita and Con.
2Gordia, but clear this morning; Missouri partly
S.cloudy, rain at Springfield; Illinois, Indiana
ssparty cloudy, with scattered showers; Oklaho
SSma, Light rains Temperatures seasonabie. The
aforecast for tonight and Sunday is for generally
S2air weather the entire district will
taslighuy lower Temperatures in the lower Mis-
Esouri valley and Upper Mississippi valley, ant
sssvarmer in the northwest.
Ptpers crop expert writes from Darlington
4 EN- D., under date Of Aug. 8: 'sr sending 70,
another sample Of wheat. You will see it ii
siflling very good You VIII notice few spot
E.Of black rust the stem. It is the first hav,
Esseen this year, and the condition Is Just loca
land the fields affected win not be damaged t,
y any serious extent. The wheat is too near rip
j Eafor damage. I did not wire you about the rus
y because it Is not Of enough Importance 1 hav,
been thru the best wheat section Of North Da
4 X kota at least enough to know the condition O.
b the wheat, and I found the crop good, mucl
kbetter than in South Dakota. talked with al
9 b the farmers saw, and their general opinion /
E that the crop is fully good as last year
ksand some Of them claim to have better whea
B than last year. I was up the Bsmond brancl
Eof the Northern Pacific yesterday The whea
Eis fine up there. The elevator men tell me tina
8 there were $50, coo bushels OF wheat sh1ppe,
out from there last year, and they say the cro]
E to wheat The wheat is out Of danger, think
s. from everything but storms It is too near rip
Etfo be damaged to any great extent by blacl
E rust or. drought The weather is Just right t
make good plump berry In the early sow
s,wheat The farmers will be in their wheat har
Esvest By Aug. Is full blast, in fact some of tn
Eear1iest fields in the shock now. + have see,
& fields that know will go twenty-seven bushel
y per acre, and few that Will only 60 about six
b But the six bushel fields are scarce.'
NEW YORK OIL, Aug 1b-Petroleun, steady
refined, all parts, 755@760o