The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-17
December Closes at ~ 1-Sc and May
- Sells Up Shade
Over 74c. F..
Statistics in General Not so Bearish
as Had Been Ex-
pected.
Light Wheat Receipts Here, Strong
Corn and Export Business
in Wheat.

minneapolis Chamber of Commerce. Nov. IT.
strength ruled in wheat this morning through the
early part OF the session December sold at
IZ1sc. opening at that figure. and, while the
market eased off promptly and December shortly
after sold to 71&c, there was to firm
sentiment and good support came out on the
selling, which heavy at times. The corn
men in Chicago were badly ratified. and Deem
Der corn opened on scattered range. Ac to a
full cent up. This made the wheat pits a little
nervous in sympathy. and traders were very
undecided. Liverpool was up y sd on wheat
at the close and up q q sd on corn. The fact
that receipts were again lighter in the northwest
cars, against Lip last year. falling off of
166 cars where a moderate gain would not have
been surprising minneapolis had 93s cars.
against 1;o94. and Duluth ,3:oI. AGAINST BIS.
The visible increase little less than eN-
Nected, the gain OF 093. 900 bu bringing the
present total to 50. 092. 900 bu. This is ,5S5O00
bu under this time. last year. At the primary
points there run only $4,000 bu over last
year. or 16S2 600 bu against 1,614 900 bu. Ship
ments out of primary points were 6l9,oOo bu.
against $4,000 bu. Worlds shipments were
600 bu, against 1OS35, 900 last week and
1912. 900 bu a year ago. Russia and the Danube
shipped heavily. Russia sending out LIP, 900 bu
and the Danube ports bu
sent out 112.O00 bu and India COS. 900 blu: The
quantity afoat for Europe, at 600 hu,
shows decrease Of 224 900 bu Wheat and -four
clearancss for the day 473, 900 bu.
Broomhall cabed that naviga ton at ST. Peters
burg is expected to close In a few days. The
Nov. 20.
Broomhall cabled again later that the light
American shipments to the United Kingdom the
past week caused steady opening in wheat with
prices Ad higher. Later the more distant OPP
tions gained I'D further in sympathy with the
strength in Covering by shorts induced
by the advanced prices asked for offerings from
America caused firm opening in corn. with both
options and Nd higher. A strong undertone
developed and during the morning further ad-
vances of sd and Nd occurred.
Near the close Duluth sent down reports of
125.00O bu taken for export and there was in
Quiry reported at the seHhoard. The market
frmed up December closhing at 72Isc, May at
E@74Bc.
The cash market was firm and active and not
materially changed from Saturday. For the No.
! northern lac to &c over December was the
basis and 1ac over was the average for No.
2. This put the No. ] northern a range
Of 1880 to 74Ac and the No. range
of INC to 72ac. Choice No. went at 7Sc
for a few fancy No. to arrive brought
re and No. l to arrive 74c The No. hard
did not bring good premium over No as
last week. and there were sales of No hard
at T41ac. No. 3 wheat ranged from Csc to roc
for ordinary and to Tic and re for choice. In
the rejected grade there was range from IOc
down to &C and in grade from Csc to Goo,
and as low 55c for the very poor grade.