The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-18
Wheat Slips-Wet Ground in Nebraska,

Minneapolis Chamber of Commerce, June 1s.-
Drought, as an influence in wheat, was taken
out Of the situation today. for rains fell over
the dry country and they were good heavy rains
at that. Omaha's wire reporting two inches was
enough to break all the markets, and as the
other reports came in prices fell back sharply
The surprising thing, and a sore disappointment
to the bears. the fact that with coarse
grain forced back for material losses, wheat did
not decline more. When September got under
s2c there was buying enough to take all the
stun thrown over Coarse grains sold down to
62c for July corn, which compared with 53Nc
for Saturdays closeS' and September corn went
from 54A Nc to $3.50, while in oats the September
option which closed at 3sXc Saturday, was
of to $3.50, and July down from 42hc to
$3.50, while May showed a drop from Al 1sc to
S9c. Every house in Chicago had selling orders
in oats, Finley Barrell Logan, Ware and Bart.
lett leading. G. W. Patten, who left Mnneap-
oils yesterday for Omaha, wired back that crop
conditions are almost perfect and that rain
began fifty miles north Of Sioux City and fell
all the way down to Omaha while in Omaha the
reports from outside showed it very general
The Trans Mississippi Grain office at Omaha had
reports Of two inches and Of three inches in
some cases. and said that at 10 am. it was
still cloudy and looked like more rain to come.
Wansa, where it has been very dry, sent mes
sage to W. H. Chambers reporting heavy rain
and rain still falling in northeastern Nebraska
The decrease in local elevator stocks at 1G0,-
600 bu for two days disappointed the bulls. Lo-
cal receipts also picked up and showed 262 cars
against 10 year ago. Duluth got 81 against
8, Chicago 81 against 6. Winnipeg AZ against "A.
ST. Louis received 80 900 bu against Is, 600 and
Kansas City $1,000 against 81, 900. Cash demand
was good at 1A@ 1Ac July for No. i
northern and July price to Ac for No. 2.
Walter Thexton, in from the Red river valley
this morning, says that from Breckenridge to
Hillsboro. in a strip about fifteen miles on
either side OF the river there is practically no
crop. This is the same country that was wet
in recent seasons and it is out Of it for good
this time. Around Hillsboro about IS per cent
of an ordinary acreage has been seeded. From
Hillsboro conditions are better north to Grafton,
and from Grafton north are about perfect. Grand
Forks and Fargo look for good North Dakota
crop for outside Of the valley everything is
very promising. In Pemblna county some farm
ers are still seeding fax and barley. In Winni-
peg Mr.. Thexton found very fine reports coming
In, and everyone is talking of bumper crop
for western Canada.
Liverpool was " higher to close.
Broomhall cabled the condensat ton of a semi
official report which confirms former reports of
deterioration in the the east and southeast,
where it is expected that the harvests will be
unsatisfactory to bad. In the south and in
south central Poland and the Baltic provinces
conditions good. elsewhere satisfactory. The
general condition for the whole country indicates
a good average. Broomhall also cabled an Aus
tralian report making the crops splendid as
result of recent rains.
Primary receipts 397 900 bu agasnt 2SS, 900.
The weather map shows general rains in
North Dakota, Manitoba and territories; raining
at Moorhead and Huron. Omaha gets 2.O2, Val.
eAtille NO, INoftn f1atte III; raining at Sioux
City; Concordia raining, .34; Wichita % Dodge
City 2.5S Oklahoma so, St. Louis .16, Cairo
IA. Keokuk .OS. Temperatures stationary.
The forecast: Indications for showers and
thunderstorms over middle and eastern portions
of district tonight and Tuesday. Temperatures
Will fall over lower Missouri and Red river
valleys tonight and district east of Missis
sipp1 Tuesday. Fl :,
slaughter's Rosario, Argentine; cable says: 1r
province of Bahia Blanca winter wheat seeding
is backward; in Buenos Aires drought continues
but weather threatening; in Santa Fe drought |.
ended. This is from Gianella the best-postet
man In Argentine.