The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-10
Condition Of 91.4 for Spring
Wheat July 1, and 85.6 for
Winter.
Market Falls to New Low Points,
September Going Down
to 1890.
No Improvement Yet Reported in
the Flour Trade-Daily
Gossip. >G

Ninpeapolis Chamber of Commerce, July TO-
The tip was around this morning that the gov
ernment report. to come later In the day, would
be very bearish. No authority appeared, and
no one knew the origin of the tip. No doubt
it was nothing more than expressions OF ex-
pectation that might have been entertained by
anyone who had watched the weather and the
crop reports since the June government report
appeared, for everything has been SO highly
seem quite the thing to expect: with gain
since June not improbable. The southwest
s e up M 600 Du a. ons araust ip
600, or 255,O0o against <2S4 600, less than eS-
pected. There was also lack OF selling pres
sure against southwest cash purchases. This
gave comparative armness to start with, and
locally September held above Tic. and it be:
gam to look as tho yesteraay's 7e7se would
toped, however, that hedgers were ouly waiting
for the bulls to give the market boost the
>tbetter to place their hedges and when no
bull activity appeared they began 10 sell against
their cash purchases, and the market fell
.back to new low points, Minneapolis September
going to 1880. So far as The long interest
that those who have the wheat bought, IN the
main, ready to stay back Of it. Weak
holders are pretty we'll out for the decline from
writing has been just about To. There are
talso a good many shorts who have not Gov
Tered and are playing for Toe wheat or lower
The situation Is such that upon the appear
ance of any important bull influence quick ad-
Evanoes would follow. Nothing Of the kind ap-
pears. The weaths: is still fine and the pre-,
idiction is for fair weather tonight and
"wednesday. Everyone is bearish. The prob
liability is that with present conditions remain
ling wheat will drag: When bun market mari It's Is
1.-The bears in control and have tasted vic
ftory they are likely to push it at every op-
. Iportunity, even If they send 1t lower than
lit ought to go legitimately.
= The decrease in local elevator stocks for three
days Is 125,oO0 bu. Receipts here were 15s
cars against 1T, at Duluth IS against II. and
I'm 1E9 AGAINST TT. WinnipSR received
Us against Ill.
Liverpool closed A@hd lower, :,
strengthen the market now has no effect
Bradstreet's showed decrease for the week
in the worlds visible supply of 100000 bu,
compared with 2, 4s7 900 decrease year ago.
This fell fat. No one is thinking about those
things now. The trade is imbued with the
thought that a big bumper crop is coming
favorable PROMISE or some good export bust
mess before there will be permanent upturi
dn prices
=, Cash demand was fair at 2Ac over July
for No. 1 northern and 15@Ac over for No.
northern
The northwest weather was as follows: Rec
Ing night. Dysart, part cloudy, hot west wind
Waterloo, same. Mason City, clear, warm
west wind. winona, clear, hot, IS; had shower
clear, calm, so. Sioux City, clear, hot Yankton
Iuyerne, Parker, viborg, Sioux Falls, same
Fairmont. clear, hot Mankato' clear, fine
~, no rain Aberdeen clear, light northwes
wind. 10. Fargo, clear, hot. Waverly, Com
Stock, Breckenridge. Grafton clear. hot. Win
nipeg, part cloudy, warm, light rain during
night.
The crop reporting board of the bureau o
statistics. of the department Of agriculture find
from the reports of the correspondents an
agents of the bureau follows Preliminary
81 returns show the acreage Of corn planted t
be about 50, $50, 900 acres, increase OF abou
1924, 900 acres, or 1.6 per cent. compare
with the estimate Of acreage planted last year
The average condition of the growing GRO
July l s7.5, compared with S73 O.
July /, 1905: 1874 at the corresponding dat
In 1904, and ten-year average OF 1884,
The average condition Of winter wheat o
July 1 $50, compared with SO las
month, s27 July 1, 1905; 7s.7 at the co,
responding date in 1904, and ten-year avel
age Of 79.4.
/, The average condition Of spring wheat 0
July l was 91.4, compared with 90 last month
81 on July 1, 1905; 93.7 at the correspond
ing date in 1904, and ten-year average c
So.
3eThe following table shows for each Of th
five principal spring wheat states the cond
ton July OF this year and Of the two pr
1ceding years, and that June 1, 1909, wit
the respective ten-year July averages: