The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-18
The Interior Markets Bearish and
Minneapolis May Forced
Down to "a lie.
Petit of the Peavey Co. Tells Chi
oago He Found the Sea: -, !.
H.. board Bullish. ~.
Holiday Dizziness and a General
Lack of Outside Interest
Everywhere. ~ 3; t

% Minneapolis Chamber of Commerce, Dec. Is
Very little wheat came or sale this morning at
tho opening. An unexpected display Of strength
In Liverpool made the feeling frmer iii the Amer
lean markets. With Liverpool up y q }sd atHthe
start. there not much early pressure from
short. sellin: and the small lot longs were in
Clined to hold on awhile frlncr tendency ap-
pearcd general. May wheat opened here at Is y c
and was firm, and steady. For all this there
were some things that deferred buyers from
coming in. and as there was not much inclination
to SELL SO was there little evidence of new
tuEing.. The weather fine. no precipitation
anywhere. and general conditions almost ideal
for the movement. and the forecast was for con.
tinued fair weather Tonight and Friday for Min
nesota and the Dakotas. There was nothing
especially important In the news. nothing new
from Argentine. the Price Current said the good
winter wheat conditions are being msintained:
Minneapolis receipts were larger local. stocks
increasing again this week and for nva days
show a gain of 1oooph bu. The northwest had
$50 cars than last year or SIT. against sol:
Duluth had only so against IA, but Minneapolis
lad 541 against pa. '-'". go
The Chicago Record. Herald had an article on
export conditions that in general tenor was fa'
vorable to price maintenance. Petit of the
Peavey company. just back In Chicago from New
York. quoted as saying that he found sent1-
ment very strong. II never saw. he says,
board group. Everybody at. the seaboard is
bulish on wheat. Every prominent grain man
believes and talks higher prices -. ~"
At primary points receipts we're 1872 Egg oe ,ou
=
bu against sS,nh0. -.
New York vii ed that there is good export de-
nand and the 10 loads reported worked yester-
day represents only part of the business ac-
t,ially done. Exporters said to he keeping
quiet about the quantity sold preferring not to
have the size of the business transp1re, as 1T
would he stimulating to prices everywhere, and
they prefer to see the market maintained on
1eve1 where they: can do business. This Is one
rcport Of tie situation. Reports from exporters
direct say the demand is nothing remarkably
heavy but the contrary. hardly normal
4 slight watering in May corn was the signal
FOR selling Of May wheat in Chica go: Clearances
wheat and -four. although heavier than Eester-
day were only 33a. 900 bu. Minneapolis had
rire to the effect that No. j Manitoba wheat was
offered at Fort William at &c under Chicago or
in the ueishborhood of Csc Minneapolis May
sold through 75C.
Twenty four loads sold in New York to
20 ont.
The market very weak near the close Nay
dropping to "A &c. May closed at ~ 12(n t49sc.
December 1890. July 74Iac.
The cash demand was good but prices were,
triHe easier than yesterday compared with the
May option, No. Il northern sold. at f41a@7'c
spot and at 747t 675c to arrive for the aver
spe