The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-31
Wheat takes a headlong dive.

zsF- minneapolis Chamber Of Commerce, July 81
Wheat went humping down to 73Bc for Sep
tember and even at that point so weak tina t
1t looked like going still lower. Liquidation was
on and the market had to stand flood of SELL
ing The pressure came on about II am Pre-
vio'1s to this nothing sufficiently important to
lift the market ont Of its depression had APP
zpeared and September held below 75c In the
business of the forepart Of the day. The same
influences that broke 1t Yesterday were felt
again. The only change northwest was rain
last night at Hillsboro and Comstock. at which
former point it was still raining this morning
Over towards Minot is was cloudy but there was
Ean t and much the Pop
threatening weather is in the forecast for the
northwest, with warmer weather Wednesday, In
Manitoba cutting Of wheat began this morning
In several places according to early report
near Dominion City but said the harvest Wouid
not be general before Aug. 10 to 49, Freemire
4 had samples Of new wheat from Woonsocket
S. D., that were very fine. All the mail and
Geographic reports coming in bearish, and
there was nothing to advance the price. The
2sas the market could do was to hold steady and
that. The fol eign markets were easy, LIVERPOOL
S$@Ad lower, Antwerp unchanged Berlin INC
lower. Slaughter had Argentine cable re-
porting beneficial rains. Kansas City was weak
on big country acceptances. In Chicago there
sat the time, the supposed to be
covering Of short wheat by Patten. It had
Vly temporary eueCI, anu the market fell or
again shortly
Local elevator stocks decreased by 500, 900 bu
for three days. Minneapolis received 14e cars
against 191, Chicago $40 against 543, Duluth
:. against 40 and Winnipeg 1913 against SO. st:
Louis had $4,000 bu compared with 2O3 600 and
Kansas City $4,000 compared with 23s,OO0
The Re,,on, morning weather report in full was
last night Winona-Cloudy; TO- Waterloo
Iowa-Cloudy, calm. Mason City-Partly cloudy
northeast wind; warm. Fargo-Cloudy. hard
rain last night; still raining, Grafton-Clear
hTd snes Il ast nss
cook Morris-Cloudy, cool. Winnipeg-Partly
cloudy, cool. Parker-Clear, calm, warm. Sioux
Fans-Clear, calm. warm. Viborg-Cloudy
calm, cool. Sioux aCity-Cloudy, cool; light south
east wind. Fairmont-C Cloudy, calm Boyd
CLEAR, light southwest wind Madison-Ciear
calm Dawson-Caear, calm. Winnebago-Cloudy
calm; TO- New Um-Partly cloudy, calm; r.
Aberdeen-Cloudy, light east wind. Redfeld-
Cloudy, calm; -. Huron-Cloudy, southeast
wind; So. Willmar-Cloudy, calm. Mankato-
Cloudy, light southeast wind
Cash demand ruled fair, with 2m2Mc over
September paid for No. northern and b@Mc
over for No. 2.
Bradstreet's makes the worlds visible decrease
l,l6,OOo bu East of the Rockies there was an
increase OF 4,31o,O 900 bu, but quantity in
Europe and afoat decreased 100000 bu.
frlmary receipts 100000 Blu against !, 175, 1852
bu. 4Clearances 81, 900. ,'s~sa-@E.E
The Chicago figures for July show wheat re-
OOO-= =.
Foreign crop conditions as received by Broom
hall of Liverpool United Kingdom-Haravest.
ing is commencing with fair average promise
France-Harvesting in the south is finished. The
shortage is important, being unable to be est-
mated at present In other districts the crop is
satisfactory. Harvesting is commencing in the
north. Aggregate yield will about equal last
years. Germany-Harvesting Is proceeding and
Their els some disappointment regarding wheat
yields The quality is good Sellers are demand
ing higher duties in Belgium and Switzerland
The weather is favorable and complaints have
subsidized. spain-The crop prospects are not
SO favorable as expected, the outturn probably
will be only about 100000 bu larger than
Z last year. Italy-Harvesting Is finished. The
result in the north is good and central, inferior
/ In the south. Hungary-The quality Of the
! wheat In many districts is excellent Russia
| hesSweather today in Odessa is fine. Arrivals
at Odessa light. The weather at Nieolaieff is
wetsand there is evidence Of serious damage to
the crops wrought by prolonged torrential warm
rains at harvest. 3