The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-22
Bullish Activity: Has Apparently
Spent Its Force for the
Present.
r.,
aa
Yet the Bears Were Timid and Did
Not Dare Attempt to Force
a Break.
Primary Receipts Gain 49l 900 bu-
Clearances $4,000 bu-Local
Increase $4,000 Blu.

Minneapolis Chamber of Commerce. Oct. o.
All the life seemed gone out of wheat this NOR
ming and the speculative market fell into a rut
and remained In it to noon. Price changes were
slight and the range narrow. Chicago was
easier wheat and coarse grains. Trade
Quieted down after the opening business. and the
volume during the first hour was very light
compared with the past several days. Locally
there was a tendency toward hrmness and the
market did not reach yesterdays low point by
a hairbreadth, reacting fractionally from every
dip. December opened at Tie, sold off to 7O3s q
7O14c. and rallied slowly to 7O%Ga70alc. The
news was without important influence either
way but. the whole. there less to en-
courage the bulls than for some time. The
foreign markets were easy. Liverpool opening
unchanged, but losing A@9sd before the close.
ST. Louis was weak on receipts there, which
showed 10000 bu, against So 900 last year.
anG Kansas City had easy tone, induced by
receipts Of 142 cars against 80 last year. The
northwest had light receipts but by comparison
with last year they heavy, showing gain
of 16l cars, or 602 against 541. This brought
the total primary receipts to ,429, 600 bu against
S3S.oOO bu last year, q gain Of 491 900 bu, the
heaviest comparative gain for long time. Wheat
and flour clearances equaled 234 900 bu.. The
weather map was hardly favorable. Mime
sofa and the Dakotas having the prediction Of
showers tonight and Thursday For Kansas
Nebraska and Iowa, the prediction is for fair
weather tonight and Thursday.
Chicago wired that the corn men there were
inclined to attach considerable Importance to the
meeting Of the warehouse commission, being held
TINS AFTERNOON, as 1t is the expectation that the
inspectors will be instructed to lessen the rigid
application of the rules. in which case more con-
tract grain would come on that market.
Duluth had export inquiry again to-day and
reported 10000 bu sold and more working.
Fifty loads were reported at the seaboard. Chi
cago said that 2UOO,000 bu bought In Duluth
with an optional freight either to Buffalo or
Chicago Is finally coming to Chicago. Mime
apos stocks SO far this week have increased
55n,o1o bu At the close the market is I'M
certain: without any decided tendency, the longs
undecided about letting go holding on, the
: bears believing a setback is due, yet afraid
ito commit themselves heavily to the short side
1850.
: The cash stuf was n little firmer at least for
choice milling lots. Demand good even
a httie better than yesterday. Millers took the
good lots paying II Nc to re for No. l north
-; ern and 69l4c to 70@c for No 2 This latte,
! grade sold TO arrive at $3.50 to roc. Firm
prices ruled in No. wheat with sales from &c
to 6oc for the extreme range, the average going
at 6s@GSl4c The low grade wheat was well
taken. Rejected brought 7O15c to G3hc and
y; no grade sold from Csc down to 56c. g