The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-08-02
Wheat Still Weak.

MinneapoIfs Chamber OF Commerce, Aug. A.
little too much S rain ss in tns
ing and waited to see how the thing would come
out. Wheat has been 30 long on the decline
that It would not take much to cause feao-
tiun even II IL did not last The mere suggestion
Of interference with harvesting would put an end
to the selling Of September wheat. and 80 tho
showing of 1-so inches Of rain at huron, >: ~.
did not look good to the shorts. On the other
hand there has been some dry weather talk In
the corn market, and this was something OF
help 10 prices generally, even Broomhan taxing
note Of It as q Strengthening influence In Liver
pool IF the western country gets an ordinary
rain It viii not interfere with the wheat harvest
! and It will help the corn. II long perloo Oh
rainy weather should come that would be an
other ma tier. and strong bull influence gof
Minnesota. showers are predicted for this after,
noon and tonight, with cooler weather TO 1oilo"
on Friday. For North Dakota and South Da-
kota fair and cooler weather Is IN the forecast.
Des Moines sent word that In that vicinity the
corn Is made and other Iowa and Nebraska ad-
vices were that good corn crop seems assured
Hence there was little help to wheat In the
bearish or indifferent. Winnipeg had an all
night rain, but 1t was clear and warm this morn
ing.
Local elevator stocks show g decrease for i've
days Of $40, 900 bu. which was strong point,
and Minneapolis got only 90 cars against Isl
Chicago showed up 572 compared with ITO,
Duluth II against Il and Winnipeg 80 against
TO- st. Louis received ITO 900 blu against 1oS'-
OF the -four situation the Northwestern Miller
says: minneapolis mills on the whole sold more
-four last week. In two instances the market
was regarded showing evidence of improve
ment In other cases no particular change was
noted. There was considerable complaint about
mills quoting prices. However others said that
there was an apparent disposition shown to Still
en- quotations. The buying trade seems still to
believe that prices must 50 lower and they are
shaping their course accordingly, In making pur-
chases. Occasionally. however, man Is found
who accepts the view that prices about
low enough. Competition from Kansas mills
is being felt by northwestern mills.
1.-THE export outlook Is little bettar tho the
advance in ocean rates Is a handicap. Last week
several mills worked patent -four In moderate
SIZED lots chiefly to the United Kingdom. Hol-
land and the Baltic took a little patent, but
more first clear. Importers are bidding lower
than week ago"
A. J. Cummings had a message from the ogn-
vie Milling company saying: 1--WE are Of the
opinion that the Canadian crop will not ex-
coed last year, which was from 81 600 900 to IS
100000 bu, and that It will likely be less. y
Cummings also had message from Wheaton,
Mimi. saying: about 5000 acres Of grain laid
Dat last night at Wheaton and Gracevi1le by
hail.
Cash demand was good at 2M@2Mc over
September for No. 1 northern and about 10
over for No. 2.
Primary receipts, 1,ese, 900 bu, against $4,000
O year afo.> Clearances, 28s, 900 Blu. gEa.~r
The Price Current saysi Tree marketing OF
winter wheat Rain damage unimportant.
Spring wheat showing fine promise, Corn max
ing good progress, but rains would be helpful,
Oats harvest shows a short and irregular yield:''
representative of Finley Darrell OF Chi
cago now in the wheat fields. sent In the fol-
lowing to Piper, from Sanborn, N. D.: IL
find the general condition Of wheat favorable.
In South Dakota there Is going 10 be just O
fair crop the average. Some of the men or
the road tel OF a bumper crop, but cannot
see il There Is good wheat in all localities
and in some places there is more poor wheat
than good. saw wheat around WATERFOWL
that will not 80 he bushels 10 the acre, and tina,
Kind quite plentiful, but there was the
latesown wheat, the early wheat is much bet
ter. Around Andover, Groton, Bristol, Brad
ley, Willow Lake, Oldham, Ramon and othe,
places in that part Of the state the wheat Il
just fair wheat crop this year. but tn,
macaroni wheat Is bumper crop, IN fact, i
would be hard for it to grow any better OF b.
any better than It Is all over South Dakota
The farther north go, the better the spring
81 wheat is. Around here there are miles o
wheat fields I talked with several farmers to
day. They told their wheat went abou
twenty two bushels per last year, an,
some Of them claim to have better crops thi
year than they had last, but did not see an
wheat today that thought would go to TWEEN
ty-two bushels. The best that saw thin
win go about twenty bushels. The wheat field
here nice and even,s one field looks abou
as good as another, except such as were to
low and wet and were not properly farrnet
The ground was getting very dry here and aom
claimed damage, but there was no damage don
at all where I was, and there was fine raj
yesterday and last night and It is cool and ndc
today. Heavy macaroui. oats and barley al
lodged In places" as Gss A.ssr:ey rs