The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-04-11
OTHER GRAIN MARKETS
CHICAGO GRAIN
Little Excitement Melted by the Gov
eminent Report. r.-- 4:

Chicago. April 11.-Inidal trading in grains
to-day was much less excited than had been
expected The government crop report on the
winter wheat April l gave the condition as
1877, as compared to 91.7 year ago-the
lowest April condition save three in fifteen
years. The report suggested a yield of 403,-
100000 bu, against 450,000,O00 bu last year. The
curb late yesterday was bullish on the report
and and the early Interpretation today was BULL
strength of these two influences, May
W. to 0Rs9sa Is usual 50 the tpa sefs had
at the early prices there was a lot Of stuff for
sale. by the pit crowd. The demand was
light and after the opening bulge business
slackened and prices eased off. May to 7lbc.
| The crop talk left something of a bullish feel
ing, however, and May advanced again and
steadied around 72972c. Local receipts, u
cars, none OF contraet grade. Minneapolis
for the three points Of 1877 cars, against 2S7
last week and 231 year ago Argentine ship
ments were 1.G7G,000 Blu for the week, against
900 Blu last year. =.
On the early liberal selling after opening
high prices in the wheat market got over
sold Outside markets were reported strong,
| cash business was BETTER and there was an
active scurry to cover in May and September
wheat options The attempts to create d
| bearlsh sentiment on the government report
| were not successful. and May prices shot up
| to 73c. This high price brought good profits
| to buyers OF last week. and liquidation set in
The market eased somewhat late, but closed
| otiOll5, HW ~ Qp, aN iI1BWiISdC.
Close: April 741s@74Ac; May, 725s@72aa4c;
July, 131ac: September, 1$973hc; December,
741ac. Cash: No. red, 7s120So1sc; No. 3 red,
! 76M@7Shc; No hard winter. 741kc; NO. Z
| hard winter, 74c No northern spring. 1870
| 7512c: No. . northern spring, .721a173lac: No.
| 8 spring, 68@Io1sC '-'@. ~. --'-.
! Corn opened stronger in sympathy with
wheat and had fair early trade. May start
| ed Csc to 1S4Ac up at $3.50 to 59Hc aided
by strong cables. The wheat strength how
ever, was not enough to hold corn to the
better prices and the crowd had plenty to sell
on the bu!ges. Kansas City and st. Louis
were still much stronger than Chicago and
commission houses took stuff for them at the
opening. But he crowd was bearish and May
soon sold down to 5SAc. Local receipts were
! As cars. -. IL.
| The impression gained ground that stocks
| were getting very low. The southwest COM
| planned of this sorely and on the continued
small receipts here and the good jump in
wheat, corn prices advanced sharply to 6Oc.
AS in wheat, there late easing off, but
May corn closed firm and 1a@esc up, at 595c
| Close: April. 59Bc; May, $3.50: July, 6O1sc;
September, 59as@591zc; December, 4s1sc. Cash !:
No. 3, 5Sla@59c.
Oats were in better shape at the opening,
May starting &c higher at 42c, on the
strength in other grains. There were few Of
ferings early, but gradually small 1iquida-
| ton set in and as the other grains eased off
May slipped down to 4lAc. Later some sup
port took May to 4112c, where it steadied
Receipts were IS cars.
Close: April, 41asc; May, Also: July, 341ac;
! September, 29&c: December 3O1sc. Cash: No
3. na@42Ac; No. 3, 411s@41Ac.