The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-26
Rains in Red River Valley and
Too Much Moisture in
All Sections.
Prices Strong but Traders In
clined to Go Slow for the
Present. +.- -
Situation May Yet Right Itself
The Gossip Of the
Day.


according to the wea Their man-this is what the
grain trade had to face today. The market was
strong, yet it showed less advance at high
points than had been expected In view of the
heavy rains OF the past several days, and the
further rain last night and colder weather.
Apparently most of the traders see the situation
not yet serious enough to cause alarm, and
IS subject to change on improved weather.
large part Of the country, including portions OF
southern Minnesota and northern Iowa. Is too
wet and as for the Red River valley, that is in
the old condition again-soaked thru and thru.
4 From Fargo to Grand Forks, on either side of
the river, the bad spots, and that they are
bad in fact Is shown by letters and wire reports
In hand today from various points along the
line. The trade knows that in the west up in
Ward county, N. D., and In other of the newer
but big-producing sections, there are splendid
prospects. This takes down the bad situation
In the valley somewhat. Those who are big crop
enthusiasts, who never can see bad in any
thing, are saying that with the valley entirely
out of it the northwest still raise big
crop of wheat. This is all right for talk 1t Is
the kind Of talk that goes well with all whose
prosperity depends upon returns from the farms,
but it is scarcely sound. The valley has indeed
lost precedence, and the northwest could raise
q crop Of wheat without 1t, but 1t Is foolish to
try to minimize the effect of the rain. The
valley helps out wonderfully in any year. and
to have the country along the river too wet for
wheat is not good thing under the most hope
full consideration possible The weather may
change again. but 1t hardly change soon
enough to restore this wet part of the valley in
! time for wheat. For the remainder of the
there is a good show yet No occasion for alarm
exists Given few days Of moderately warm
weather and the moisture will disappear and the
i-Gelds come out again green and fine.
Receipts here 129 cars against 314, Du
ruth getting % against and Chicago against
i13. The Winnipeg comparison was 1O3 and 81,
5Kansas City d, 900 and 81 1000. Primary receipts
ssTere 900 blu against 42S,O0O. Clearances
wheat and -four, $4,000 bu.
!. The early wire reports were as follows: St.
1ouA p1pn DIV nd
hard rain during most of night; Comstock. very
Icloudy and cold, 40 above, rained nearly all
might hard this morning; Fargo, cloudy, cold
. gained hard nearly all night; Hillsbore, cloudy
livery strong northeast wind, rained most Of
might; Mayvile, clear. calm, 40 above; Grand
Forks, part cloudy, rained all day yesterday and
most Of night high northeast wind, cold; Wfnni
{peg, clear and cool, 40 above.
The forecast in full: Illinois and Indiana,
showers and probably thunderstorms tonight and
Sunday, cooler in north; Missouri, showers and
probably thunderstorms tonight and Sunday {;
Wisconsin. rain and continued cool tonight and
Sunday; colder in southwest portion; Minnesota
and South Dakota rain and continued cool:
Iowa. showers and thunderstorms tonight and
Sunday cooler; North Dakota and Montana, rain
or snow and continued cold; Nebraska. showers
tonight and Sunday, colder; Kansas, showers to-
night Sunday.
Broomhalls Liverpool cable says: wheat
easy, A@3sd lower at opening; selling resulted
from heavy Indian shipments which caused free
nuuidat ton. At close distant months showed a
further decline of I'D, while July was steady
and unchanged with some short covering. Corn
easy. 4 lower, being Influenced by weakness
In America yesterday. Towards close there was
some steadness on better inquiry for La Plata
parcels
Estimated worlds shipments about 1o,sooooo
bu. and there will be fair decrease on pas
sage.
The German imperial statistical bureau esti
mates the condition Of the wheat crop Of the
empire May Is as equal to "a per cent
against Is per cent last month and 50 per cen
q year ago.
r. " Jones says: "After personal observation
OF crop conditions in Nebraska, Kansas, Okla
homa and Texas, generally favorable condition:
are noted; the prospect IS for a yield in exces:
Of last year. The government gave Texas II, 600,
900 bu in It's final report last year. but this was
Far in excess of the result, 4s, 900, oot
In Nebraska. The millers of Texas placed thu
crop last year at 5000. 900 bu. 1t is too early
10 attempt to suggest final figures for the com
Eng crop. They will not be forthcoming for
month during which time the whole territor!
will be covered again.. Kansas has been II
doubt, owing to drought, but general rains dur
ing the last week have seemed to be suffcien
TO insure a good yield In that state. Nebraska
is making nice start has a good stand ant
there has been sufficient moisture except Il
two three Of the central counties where rain
would soon place the crop in condition. Te1a
and Oklahoma have the promise Of a large gal
Oklahoma are especially promising. The amour
of wheat plowed up in Kansas has been exag
gerated largely. In every county wheat wa
p1ewed up. but not to important extent. Harves
has commenced in Texas, and soft whea
will be cut far north Kansas within te
days. The general harvest in Oklahoma an
Texas will follow about June Is to June 25
Present indications are for a winter crop a
large larger than last year. The amount Q
wheat to be carried over July will be in eA
cess of last year, which will give the countr
an ample supply and provide for a large ez
portable surplus for the next twelve months.