The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-25
Wheat traders fooled by strength in
: COIN.

Minneapolis Chamber Of Commerce. July 25.-
The weather. favorable for the spring wheat
crop, was little too dry for corn today Down
at Farmer City. Ill. and at Buffalo Heart, |
near Springfield, the corn was firing. No very |
serious news In. but the fact that 1t was !
80 CRY turned up the futures and oats fol |
lowed. The strength was not SO much ON any !,
thing in the situation to date as in the posi-: !
bilihes suggested By forecast for falr and !
warmer weather tonight for Illinois and In !
diana and the for Missouri and Kansas |
4 bull market in seems rather |
thing far of, yet If the country ran into |
dry period it might come readily enough Wheat |
naturally strengthened this news. althc there
were some other things that would lave given |
1t hrBaness anyway. The forecast for tae north |
west was favorable, showers and cooler weather |
for Minnesota tonight and thursday, and fair |
westher tonight and cooler Thursday for the
Dakotas. -''.'''.' '''7
Tho trade is nndtng a revival OF interest
In the macarom problem. Eaciy IN the season
there much talk about the size OF the
durum acreage. More recently this has not been
much thought Of, but now that tho Lig crop has
bsen told about the question l., how much Of
It will be found to Of the dnrum variety and
consequently not weight on the spring wheat
market. No ons knows, and Lotbing but guesses
ara. heard Julius Barnes Of Duluth probably
keeps as well informed about durum wheat as
any one in the trade. for the reason that his
firm handles it and does an export business In It.
Ne Barnes believes tnere will be a big crop,
too he could not be reached today. message
to A. G. Chambers from Duluth read: Hard
to estimate durum crop, but Will probably be
Somewhere around 10, 900 bu. Ames- Brooks are
Inclined to look for big crop Of good quality
+Gurum wheat. Buyers paid 2Ac over September
for No. l northern and &c over for No 2
Local elevator stocks decreased $4,000 bu for
-four days, Mtnneapolis received 1o2 csrs against
f2oe Duluth 81 against 5, Chicago SOP against
s2Sa Kansas City recaived $50, 600 bu against
53eS co., and 81 louis $4,000 against a02. 900.
sGsarances, $4,000 bu. Liverpool closed A@%d
higher.
! poehler says: "corn and oats are relatively
much higher than usual at this time of the
year They must sooner later have influence
son wheat. The financial situation of both the
ag1tculturist aud the dealer Is strong enough
to carry any temporary surplus. Therefore is
1t at all reasonable to expect wheat, even with
present range of figures. There certainly
sufficient buliish clouds at the horizon to keep
the trade thinking and In doubt. and, again,
sthe spring wheat crop is not yet in the
sgfanary. Watch the foreign situation and sta
tistics and also the weather until grain is
harvested 1t is hoped there will be plenty
but there will also be 4 plenty needed" =. .
d Primary receipts were 100000 bu against
1885, 900. =,
u The weather map showed general rains in
the Canadian northwest and light rain at Devils
Lake. heavy rain at North Platte and raining
ip Oklahoma. Clear elsewhere. Temperatures
rising over corn belt and stationary and sea-
2sonable in the northwest. The weather at noon
showed: Grand Forks, bad storm coming up.
very dark, calm, heavy black clouds moving
fast; Comstock, cloudy, cool, northwest wind,
Is above; Fargo, partly cloudy, warm; st. Cloud,
partly cloudy, looks like rain, cool, 80; Winni-
peg, cloudy.
Liverpool eaoied: wheat steady, Nd h4gher
at opening, followed later by further advance
Of Nd Firmer cables from America were Offset
somewhat by more settled weather in the Asor.
The further advance Of I'd caused by re-
ports Of heavy rains in the Odessa district and
reported rust in Manitoba. Corn steady, Nd
higher at opening. Influenced by frmer cables
from America and the unfavorable weekly gov
eminent weather report. Later prices hello
steady, market inactive. Special Russian new.
says the weather in Odessa Is unsettled, witt
rain. but the crop is too much advanced t.
suffer much damage. The new crop will shortly
begin to arrive more freely" T'- |.-@
The Iowa state report says: acorn has mad.
rapid growth, and on the average the crop Il
more promising than on any average date Ii
any previous year since 1900. Good progress
has been made in haying and harvesting oat
and barley, and the quality OF both hay an,
grain Is reported to be better than the aSerag
Of recent years.
There was lively trade in new oats to az
rive. with sales Of about 10000 bu 10 arriv
in September,