The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-04
Unless Something Unusual De-
velops, Wheat Traders Will
Go Slow.
The May Government Report Will
Make New Deductions
Possible.
State Reports Good and the Mod
ern Miller Summary a
Standoff.

Minneapolis Chamber of Commerce. May A.
General expectation is that wheat will do little
in the four business days remaining until Thurs
day next, which is government report day. The
crop news and weather reports may SO favor
able that prices will sag, bad weather may
develop over Sunday next and put the market
up, but, barring something really important in
the news the prospect is for dull and mar
row market. When the government report comes
along 1t should liven things up little. State
reports began coming early today. These
the usual forerunners of the monthly government
report, which Is more important In winter wheat
In May than In any other month. Many traders
refrain from expression and do not permit them
selves ever to form very fixed opinions the
market until after the May 10 government report
is issued. Then. with the conditions for
guide and official estimate given Of the
acreage of winter wheat abandoned since the
December preceding, they fix their ideas more
firmly. Today the Ohio state figures of condi-
ton were Issued, the crop standing at 1O3
against 10l last month and 80 year ago The
Missouri condition is given 81 against IS
last month and 81 last year. Last June the
Missouri condition was as low as 81, and the
state raised about 100000 bu wheat or, as
given by the government 2s,s22, 900 blu.
The market got help from abroad, for
Liverpool heavy the larger Argentine
shipments. the estimate of 5000, 600 Of yester
day coming out in full, the actual figures being
S.N6,Ooo India shipped $4,000 blu. There was
a good local cash wheat market, Sc over May
being paid for No. northern. Cash men are
sdn quoting No. l on May basis, but more
Quotations heard based the July option
at &@1o over, which is about the thing.
local elevator stocks will decrease about ATS, 900
Blu this week. Receipts today were 1872 cars
compared with 70. year ago. Other compari-
teons were: Duluth 81 and l, Chicago and II,
siWtnnipeg 100 and Sc, Kansas City 5000 Blu
pand 81 900 and st. Louis 49, 900 and 4,7oo.
Poehier says: at begins to look If the
7. next government crop report will make the con.
dition Of the winter wheat crop a little lower
than in the last report. This is based on late
Eortvate reports that in some parts of the winter
ewheat belt the crop has become spotted, and
shas been lowered. There quite an extended
5period OF thawing and freezing last winter, and
lit Is possible that the plant was injured at
that time and that the real injury is just
becoming apparent. If the plant were injured
by thawing and freezing, the actual damage will
heads out, because then 1t will be found that
many Of the heads will be chest instead OF
wheat"
Primary receipts, s27 900 bu against 127 ooo
the week 21OO 600.
Liverpool closed IS I'D lower.
The Modern Miller says, In reply to inquiries
as to whether the condition of winter whea1
improved deteriora ted during April, the cause
# deterioration and extent Of abandoned acre
age, the largest number of millers reported
improvement and spoke highly of the condition
Of the crop. Most deterioration was reported II
Michigan, Illinois, Missouri Kansas and Texas
and little elsewhere The poorer condition OF
the crop Is attributed to too much moisture ii
Etssh, and dry weather in April. A number OF
miles who reported deterioration also noted
oene1.ial effects of recent rains. Abandoned
acreage is reported in Michigan, Illinois, Kansa!
ana Indiana, the latter in the flooded river bot
ION lands. Elsewhere the loss of acreage i!
small. In western Kansas a large acreage was
winter-killed by dry weather and high winds
and the area put into other grains. Otherwise
conditions in that state are highly favorable.