The Minneapolis journal., 1902-10-27
If Continued Last Weeks Big Rec
ord of 100000 Bu. Will
Be Broken.
With This as a Basis Wheat Ad-
vances a Few Cents From
the Low Points.
Bad Weather at Many Points in the
Northwest-The Close Very
Firm.

MINNEAPOLIS Chamber Of Commerce, Oct 2I.-
Strength ruled in wheat this morning. the new
week opening with activity in all markets and
higher prices in MI options. The feature OF the
day was the report showing clearances OF 6S2,
Ol6 bll wheat and II, ,501 brls of -four, making a
total equal to 1 ,O33.0oo bu In itself this would
have been enough to Offset anything OF Dearlsh
nature and with new interest coming IN anu IL
continued firm cash demand there was little diff
hculty In maintaining the market, while the
covering by the nervous shorts brought higher
prices by steady fractional gains. Last week s
cleara Of TO6O,O 900 bu, the heaviest for four.
teen months, the strongest feature OF the
week and If the figures continue running any
where near those shown to-day, this week Will
bring a still heavier showing than last. There
were some items slightly bearish in the regular
Monday morning statistics. but they were not 80
bearish as had been expected, and to great
extent had been discounted on Saturday. The
fact that Liverpool still hangs back was ig-
nored The forecast for tomorrow and Wednes-
day was favorable. Everything OF a nature at
all bearish ignored, the bulls going on the
hasis that there be no material declines
while clearances continue running so heavy.
December wheat opened ut 7oB @71c, sold
Off to 7O$ 0l7UIsc, and then turned up, selling to
Il II M71 sc before noon.
hIinneapolIs had $50 cars against $40, lighter
run than expected. The northwest gained 2l9
cars in all Duluth getting 378 cars against !s3
Primary receipts were 1,S7o,OoO bu against
i43O 900 bu, and shipments 751 900 against 49,
300 bu.
Worlds shipments for the week totaled 49,
l66 900 bu. Besides the 1850, 900 bu from Amer
lea Russia shipped 100000 bu, and the Dan
ube zoos, 900 bu. India shipped 72,Ooo bu
and there was nothing from Australia or Argen-
tine. The quantity afloat for Europe at g. 256-
900 bu shows increased Of $4,000 bu The visible
Increased by 2,264, 900 bu making the present to-
tai 20 "' 900 bu.
San cisco had another big day in wheat on
Saturda and this had effect to strengthen prices
everywl "r.. Bad weather reports began coming
from the northwest. December wheat dropped
back to 71A@713sc, but on reports OF snow at
Comstock and Of cloudy and rainy weather at
Winnipeg the market rallied again. Grand
Forks had cool weather and at Fargo it was
cloudy, col and raining. December closed firm
at high poiit, 7tfs @71Ac. May sold to 73c and
closed firm at 727sc
Elevator buyers were after the good wheat
this morning and took about as much as the
mill, -. lere was the regular good Monday
NOR H. nand, local millers and outside
mil " con citing little occasional trades.
There was sood outside milling demand while
the top grades were also salable to arrive. No.
] northern sold from 72c to 72Ac and at 1219c
to arrive. No. northern brought 69Ac to TIC
and 7OA M7ORc to arrive. No. wheat sold
from e314c down to 65c. Rejected brought es12
to Csc. and no grade sold from 661ac down to