The Minneapolis journal., 1906-08-14
Wheat very tired all day.

Minneapolis Chamber of Commerce, Aug. Ia
It was a repetition Of yesterday on change at
the opening, big crowds ON the floor yet no par
ticu1arly heavy business: Later on the pit
Myened up a little, selling began, and prices
eased of somewhat. II the local situation had
been the main influence prices would probably
have advanced instead of working lower, for
there was much here to create frmness notably
a decrease in local stocks OF $4,000 bu Tor
three days, and premium OF about DC over Sep
tenber for the spot No. ! northern, only 10
cars spring wheat being received. But Liver
pool was weak and I'D lower at the close, and
the trade went back to consideration of export
possibilities. Nothing favorable .appeared IN
rain has fallen in both the United Kingdom and
Germany. A late cable also stated that heavy
rains had fallen in the Odessa district. The
rain In England made the Liverpool weakness:
The export situation yesterday was decidedly
discouraging, and 1t was poor again today. Bids
received by exporting houses were at lower linn
it's than on Saturday, despite the 1rmer close
of this market yesterday, and this morning the
early advices from New York, PHILADELPHIA
Baltimore aud Chicago were all unfavorable: 1t
is believed by many in the trade that the for
eigners are taking wheat right along on the
breaks which is probably the case, only this
year there is big exportable surplus and we
have much to sell, and SO export business
that would look big in an ordinary year does
not look go big now. There Is also much loose
talk going around about how much wheat will be
consumed at home and how much home con-
sumption will cut down the exportable surplus
The consumption Of wheat is said to be seven
bushels per capita in the United States This
statement is made in pamphlet issued Of late
from Washington. On the basis of 9O,OOO,OO
population, as some figure it. 1t would mean d
consumption of wheat of 6so, 600 600 bu In a
year. Figures consumption have been In
Creased in late years, some have figured i've
bushels. others 5.25 and recently some Of the
sfWaShington statisticians have made figures 5.6
bu per capita, and a few six bushels.
This figure of seven bushels is probably too
high but it is being used as an argument for
market effect. Also the population is not 3d.
srOa. OK, but S5,O0o.O0O, or just under, on
Aug. /. These statistical statements are In
Eteresting, but not always reliable.
g Altho the prediction is for probable showers
tonight and Wednesday in the northwest and
Etherefore not wholly favorable it is by nc
kwas very fine for harvesting shown by the
10 o'clock summary as follows: Grafton, N. D.
Clear, warm, south wind. Fargo-Clear, fine;
Sno rain; light south wind. Drayton-Clear light
OBSERVATION-DISCLOSURES, strong south wind. VIII
tmar-Clear, warm; light northwest wind. Win
nipeg-Clear, warm. Madison-Clear, southwest
wind Sioux Falls-Clear, warm. Parker
CLEAR, calm, warm. Sioux City-Clear, ligh
3ssouthwest wind warm; H.; Luverne- verne Clear. ligh
Clear, light southwest wind; rs. WATERFOWL
3Clear. fine; r. Aberdeen. s. D.-Clear, brisl
northwest wind; 76 Redheld-Clear, strong
Southeast wind. New Ulm-Clear, calm; 72
Mason City-Partly cloudy, cool; southeast wind
Partly cloudy, cool.
Minneapolis received II cars against 70, Du
sluth A against 81. Chicago, with an estimat
sof 400 for today, showed up 4S8, compared wit
a272 year ago. For tomorrow Chicago Is esti
mated to get a5s cars. Winnipeg had IS car
today against "A. st. Louis $4,000 bu agalns
140,0 600 and Kansas City $1,000 against 254,OOC
The worlds visible given by Bradstreets, IN
creased 7S3, 900 bu. There was increase eas
of the Rockies Of s,1s3, 600 bu, but decreas
OF 100000 bu in the quantity in Europe an
adoat pulled It down. The primary receipt
were 900 bu against 7es,OOo. Clearance
22s, 600.
{ Cutting Of wheat began today near Gran
Forks. N: D;
Broomhall reads as follows: United Kingdom
Some damage to crops by storms. Otherwit
outlook is good New wheat offered in man
but but e believe that total tai viii be sufficient f
home needs. Quality is good. Germany-Mode
ate complaints regarding rainstorms Hungary
Threshing returnus favorable. Rumania-
There Is a large wheat crop, but mostly Of pot
quality. Corn prospects splendid Bulgaria
There is good harvest Russia-Latest arri
ais at Odessa are Of better quality; large propo
Stion consists Of barley. Scarcity Of wheat .
tRostof the Don. = -sE
The weather map shows scattered light rair
ain Canada and North Dakota, South Dakota ar
Nebraska partly cloudy. Balance of the graz
q Jsection clear, with temperatures general
~ higher s..- .a-. A'''-~ .s - & d, g. =.
The weather forecast: Illinois-Fair tonigh
warmer in west and central portions; Wedne
day partly cloudy. Indiana-Fatr tonight
Wednesday; warmer. Mich1gan-Fair tonigh
"Wednesday partly cloudy Wisconsin--Fair
night; warmer in west and central portion
Il "Wednesday partly cloudy, with showers al
scooler in west portion. Mnnesota-Fair In eas
showers in west portion tonight; warmer
southeast portion. Iowa-Fair in east. shove
IN west portion tonight. Missouri-Fair tonigh
Kansas-Showers tonight and Wednesday. N
braska-Showers tonight; Wednesday part
cloudy and cooler, with showers. Dakotas
Showers tonight and cooler; Wednesday part
cloudy and cooler. Montant-Fair tonight al
* Wednesday.