The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-04-25
8 r . . -
/ Hot Winds in Kansas Start the
Trade Into Greater
Activity.
------ $500 .....
EARLY Reports Of Probable Injury
Offset by Later r.
Advices. ...,.%
Cash Demand Not So Brisk and
Flour Shipments
| Light.

Minneapolis Chamber of Commerce. April 25.--
a less favorable turn in the southwest weather
put little more Of uncertainty into the wheat
situation. Kansas City and Mcpherson sent
reports of higher temperatures and wind d.
rectly from the south. This started a little
murmur Of hot winds. 1t is long time since
hot winds have been an influence. The southwest
Of late years has done we'll in wheat except In
seasons of TOO much rain and flood Of wet
harvestS. Drought and hot winds are old-t1me
bull cards in the speculative play. and they are
always possibilities In winter wheat from May
until just before the general harvest. Drought
seems hardly to be expected this year, there
has been abundant rain far. 1t seems I'M
likely any serious damage will be done from hot
winds. Topeka sent the worst report. saying:
Immense damage must result to wheat; serious
condition. hot and dry" To offset this the
outlook was for rains towards the southwest.
Omaha wired that it was raining in central Ne
braska, looked like rain there and general rain
seemed probable Russell, Kan, where the wind
blew strongest today, said there was no effect
at all. Everything to this writing remains IA
vorable to winter wheat. The bulls will be
ak f"T to sse AMY turn for ths
seem that about all the good news has been
heard about the winter crop. 1t may come along
all right, and If so 1t will be big one, prob.
ably the heaviest Of record but If there is tc
be any change in the situation between now and
maturity 1t would necessarily be for the worse
for reports could scarcely be better than those
recently Issued.
Minneapolis elevator stocks decreased SIo,OOt
Blu for four days. Receipts here were 12S carf
against 102, in Duluth Al against and in Chi
cage 2 against 10. Winnipeg received 200 car:
against g. St. Louis had 10000 bu compared
with 5000, and Kansas City $4,000 agains
81, 900.
Cash demand was not quite UP to snuff Loca
buyers paid 21ac over No. ! northern, but thu
market lacked snap.
Foreign markets were up, Liverpool A@%t
higher and Berlin #c higher, altho Budapes
closed nc of.
Winnipeg wired that 10 per cent of the whea
area is seeded, with early conditions very prom
Using.
Chicago took the southwest news and gave !
Endorsement Most of the big Chicago firms wer'
active in the pit and Daggett was an activ'
trader there for Minneapolis. In The local pi
Woodwork had some heavy business apparent,
in the way Of putting Minneapolis May over int
July. Barnum and Kendall were buyvs Lake
Brown and Tracy sold and Wa tson was an act1v
trader. The market much Hvelier than yes
terday. Speculatively 1t is uncertain. Some OBJ
servers believe the manipulation of Chicago May
which reached 9OBc by II o'clock, is a move t
harden the market, the better to enable Ch1cag
spectators to sell the more distant future
against the big winter wheat promise. Other
thought they could some good local invest
nent buying of wheat.