The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-16
Minneapolis Wheat Stocks Failing
Off Rapidly-Shorts Are
Disturbed.
Rust Reports Come in from
Texas and from Southern
Oklahoma.
Conditions Northwest Very Fine
Decrease Probable in
Spring Wheat.

M;nnesnois Chamber of Commerce. May 10
With heavier shipments Of wheat from Mime
apolis yesterday and 40 cars going out, prih-
cipally to Milwaukee millers, and with local
requirements holding up and receipts mere very
light, it certain that elevator STOCKS "oulu
decrease. Nevertheless the falling on o. d
round million for four days, shown In To-Day
posting, was more than most traders had eA-
pectea to see. The market was streng theheo
Inv it. for not only has the 1000, 900 bu gone,
but there is everything now to indicate that the
rate of decrease of 1000 blu day will keep
Epp Flour shipments posted today were o. 800
barrels, and wheat receipts ~ cars. aes'er
days detailed reports show that sosoo, nu
wheat came into town and 1oS,eoo pu went out.
ftWith this sort Of thing going on, the STOCKS
tsnust necessarily shrink, and 1t must remain
ipowsrful counter influence for strength against
favorable newcrop news. Inc question question 10
whether or not it will continue. Country re-
Ehorts differ Some say receipts are almost
nothing at country stations, which Is prooapt!
Eahs case; others say receipts are beginning 10
mick up and will soon be running heavy again:
IIhe -Four men say their business Is on Ola
torders entirely. One miller says enat "n4Ae
Ehe Is running at fair capacity ana putune OUT
ID daily total that makes noise IKE goou
business, be is not entering new orders, and at
HE rresent rate will be cleaned up IN anotner
Asesk and will have to close down. Mi!lers are
Ibroyerpially pessimistic and rarely do they hno
hustness quite es good 1t ought to be, tor
Which some little allowance must be made.
kAlso it is possible that new business may yet
Eeome in. But the fact Is that the present snow
Ang OF -four shipments Is somewhat Misieauihs'
land the millers not putting new orders on
Ihs books in anything like quantity enough to
Epffset the daily cleanup of old business, ana
Iaf they do not sell more -four soon there Will
nsobably be some reduction OF the output.
+ The 80 cars here compared with o. year
ago. Figures for other points were: Ouluth rs
and I, chicago and 1. Winnipeg JOS and w.
Bt Louis 1900 bu and $4,000, Kansas C1tS
$4,000 and $4,000.
Cash demand remained good at 1h@2c over
ESuly for No. / northern. No. 2 sold at July
Eprice to 4ac under.
North Dakota says Of the crop outlook: 'hx-
fcepting a narrow strip either side OF tho
RED river from Fargo north to PeInbina county,
Syhere the land has been too wet during the
past three seasons for early seed1ns practically ~
ALI wheat seeding Is finished. and from 80 to
leo Der cent Of other grains. The work has
sbeen done under most favorable conditions and
Iprospeots are good. seventy-fve per cent OF
reports in would indicate decrease IN spring
wheat acreage of from 10 to 20 per cent. except
where new land has been brought under cult
walton. and an increase IN durum wheat OF rom
;Sb to 40 per cent. Not enough max seed1ng
has been done to estimate the acreage with a
fair degree Of accuracy, and the same Is true
of oats and barley. In North Dakota especially
the increase in durum wheat acreage Is notice,
able, and in most cases 1t has oeen suoeututeo
for spring wheat. The general inference, from
all information received. IS that the season up
to this time has been above the average with
practically no complaints of drought
primary recelpCS, 4Oo,OoO pu a6oAASs ASS'ooo'
.Clearances wheat and -four, 2O5, GOO bu.
The official Indian report for the week ending
May . says: situation of crops practically un
changed. Report for United Provinces (officiai)
makes wheat crop 75.S72.0o0 bu against 0elo4
OGo last year and 90, 13O, 900 two years ago.
From the southwest came conflicting news
The Home Grain company of Kansas City hac
wire reports from its stations in southern Okla
homa and northern Texas Of rust in the wheat
This was new cry-new this year-and II
reached the of the trade and was exagser
ated somewhat in transition from hand to hand
the fact that the Home Grain company Is
reliable and conservative concern lending weigh
to It, The Van Dusen-Harrington company Ii
the parent Of the Kansas City company, and {
local search for verifcatton brought the infor
nation that there is rust where reported; tina
Is is red rust; that It is not unusual for some
OF 1t to appear at this time; that 1t Is no
general and is not considered Of much impor
lance. Kansas had good wetting, and II
likely to get more of it. The counties Of Bur
ton and Lane had half inch each. and tn
prospect for tonight is for another fall thr'
Nebraska, Kansas and Missouri. St. Louis, how
ever sent reports of hot and dry weather in
during the plant In Missouri and Kansas an
lhWas O buyer Of wheat on them.