The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-18
The Modern Miller Sees a South
west Situation That Looks
Serious.
IT. .,s --.-- 80. .,-.. '..,s#r 49, - -.-- -
Kansas City Gets Heavy Rain,
but Surrounding Country
Gets Little.
Northwest Still Doubtful-Spring
Wheat Reports Very
..s.. Favorable.

Minneapolis Chamber Of Commerce, May Is
Country orders for wheat futures began coming
in early this morning at Kansas City, with the
result that that market strongest OF all.
and held firm while other markets fell back
1hc. This show of strength southwest checked
any bearishness that. might have shown Itself
on break and traders settled back to wait
a while for more definite bunch. The fact
that the country began to buy in Kansas City,
and there some of this also at st. Louis ana
Chicago, may be taken either way specuativeiF.
II there is real damage that the country knows
about and the northwest has ignored then the
doubters will have to give over and declare
themselves bulls. If, on the other hand, there 1s
no really important damage and the bulls Of
Chicago have worked the market along to the
point where the country is coming In, then this
is just naturally the time when they will hand
out the wheat to the country and get rid OF
their load and let the farmer worry along with
It, If one could know positively about the south
west 1t would be easy to call the turn. but.
while good people say there is no important
damage, and preponderant opinion Is that the
winter wheat is all right, damage reports still
come. Today there a rainfall Of Il inches
shown in the report from Kansas City. Grain
firms there naturally wired that there had been
a good rain and crops were much benefited. But
other adyices from points only 20 to 2o miles
out, said there was TO rain. Simonds- Shields,
reliable people Of Kansas City, wired Hallett
saying: Heavy local shower here but rain
in Kansas fair weather predicted. We regard
the Kansas crops as in serious danger but not
beyond remedy"
In the local pit Woodwork sold 100000 bu
July wheat to start with from S2tsc to s2ssc.
Daggett took 100 900 at 80 1ac and the remainder
went to scattered buyers Kenkel then sold,
while Lake Brown bought. and Cummings also.
Later Lake and Tracy sold and MARRIED. and
Woodwork bought Watson fair buyer
of July.
The decrease in elevator stocks is estimated
at lao 900 bu for the week. Minneapolis re-
ceiyed o. cars against 1853, and other compari-
sons were Duluth 16 and s, Chicago and 5,
Winnipeg 81 and "a, st. Louis $4,000 bu and
Al 900, Kansas City "a. 900 and $4,000.
The cash market remained firm at 1h@2c
over July for No. northern and about July
price for No. 2
Primary receipts, 2SJ, 900 bu against 344oOo
Clearances, 81 900 bu.
The Modern Miller says: Drought conditions
still prevail over q large part of the winter
wheat belt. Rains have fallen in Texas, Okla
hcma, Nebraska and in parts of Kansas, Du'
there has been no general rainfall in the latter
state, and moisture is urgently needed IN the
dry districts. In Missouri and east or tht
Mississippi river. including Indiana. Ohio ant
the country south of the Ohio river, the plan
is suffering, and, where already weakened %
previous unfavorable conditions or on thin lanu
serious damage is feared Too much rain ha
fallen in Texas and there is evidence of rust
but, with favorable weather, much larger croI
than last year is expected. In Oklahoma ant
Nebraska the conditions excellent. Ra1n
have relieved the drought in the Pacific north