The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-08-29

Minneapolis Chamber of Commerce, Aug. o.
still hesitant tho tTm. wheat did little to noon
Today, quotations varying only fractionally. A
majority in the tra de seemed content TO Wait
Tor something to turn up to move the market.
AS nothing important enough appeared forth
coming, the pit settled back to wait Tor Sept,
to pass to see how the deliveries are to go
of. Meanwhile the local situation showed
10 change, unless 1t might be said to be even
nrmer for 925, 900 bu wheat has been taken
out of store SO far this week. and today only
~ ears were received here against u.s. Inc
cash market 3hGE4c over for new NO. l
northern and &c over for new No. z.
The early weather reports were bad and news
OF a snow furry came from Fergus FAILS This
proved to be nothing representative and In gen
eral the prospect be tier. The map showed
1t cloudy northwest with temperatures on
range to SO to 81. The forecast saved the day.
tor fair and cold weather. is In sight Tor the
Bntire spring wheat country.
:. Unless bad weather comes later on 1t Is pretty
pertain the wheat will be OF hne quality. Inc
Red river valley was supposed to be In poor
shape, but the Imperial Elevator company had
IL samples of new wheat from the Minnesota
side of the valley that were very fine. or
the IL samples six graded No. 1 hard and
other six graded No. northern. The color of
all was sharp and brilliant, and the elevator
company says it is the finest quality In years.
No such proportion ever graded No. l hard.
This wheat is from districts where het and rain
were supposed to have caused greatest damage.
The first new wheat Is moving towards Wtnnt-
peg and something new Will soon appear IN the
daily receipts at that market. One car was
shipped from near Neepowah. 1t was fine 6l-l
wheat, going % bu to the
Like Minneapolis. the southwest fell OF in re-
eeipts. ST. Louis got $4,000 bu today. com
pared with LOT 900. and Kansas City $4,000
against 100000. Duluth 10 cars against %,
Chicago 81 against 81 winnipeg 65 against 4.
Along towards noon trade was fairly active
at times, but lacking any feature of note. or
ferings better. especially of September,
which did not hold as we'll December. Scalp
ers were the busiest traders and were selling
every offer to buy.
Liverpool closed hd higher.
Primary receipts 497 900 bu against 100 900.
5 Clearances wheat and -four 294 900 bu.
Broomhall cabed: There steady open
ing in Liverpool with values unchanged. Later
there sharp advance of Nd owing to
better demand for both cargoes and parcels
and the. fact that the continent is still buying
cargces off coast. American receipts were ligh1
was firm at the start, with prices unchanged
followed by advance of IA in September
There a good spot demand and a scarcity
of sellers.
Export houses and brokers reported discour
aging outlook for wheat business with the othe
side today. Bids were considerably out of lin'
and for small quantities.. New York wire'
that export sales were confined to a few load
of durum. Limits fer soft wheats were low
No inquiry from the continent.
promise Of biz harvest in the Canadian wes
will not be realized says a special edition o
the Campbell & Mclean crop bulletin Of Winni
peg. 1.-THE excessive heat has done great dan,
age to the crop, and especially wheat in GU
canadian west. and in North Dakota. We will
not at present express opinion to the ex
tent of damage. but would say that thin
It is damaged to the extent Of IL to 80 pc
cent. There promise Of 100, 900. ooo-bu GRO
about the middle Of July. We do not now ex
pect over 100000 to 100000 bu wheat
and there may be less. Damage was create
IN some districts than others. The very frs
threshng will not reveal the true extent o
damage done by the excessive heat, the bes
Or earliest grain will be the first threshed. Til
threshing the end Of this month, II weathe
continues good, will tell the true story abou
y the damage. The later grain suffered most fro1
the heat Possibly grain that would have bee
ripe about Aug. 15, had the weather condition
been normal, has suffered most. It is just poss
BILE that the very latest green has suffered 8
& much.