The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-10
The Wheat Market Turns Weaker
Principally on Lack Of Out
H.. side Interest.
Local Wheat Stocks Have Increased
100000, Bushels So Far T.:
This Week. =, s*
Clearances Moderate and Primary
Ill., and Local Receipts Show
Increases.

Minneapolis Chamber of Commerce Dec. 10
The turn has come at last i'll the matter OF
northu estern wheat receipts. This morning
there about stnnd-of for the northwest,
but the change about from Duluth to Minneapolis
very MARKED the head OF the lakes getting
only p cars, against :i9S last year. while Min
neapos got 62G cars against 2S2. This the
trade takes Indicating the permanent turn
OF the movement this way although Duluth may
get considerable wheat for few days vet. as the
change In the movement usually brings period
Of cratic receipts for the first few days follow
Ing the close of ma vigation.
May whent was up TO 75Fsc this morning after
opening at 1850. and the market during the
early part of the session showed good strength
liverpool MP 70 q Esd. which was II fairly
satisfactory response 10 our strength OF yester
day. considering that Liverpool has been strong
Of its own accord for several days Cash
wheat In liverpool was up equal to 1ac. Foreign
markets were all firm and Antwerp showed an
advance of 1l.c New York had good export
inquiry and ST Icuis reported fair sales Of
No. red wheat Tor export. 4 runlor was
cablel that the grain trade OF Liverpool is
becoming alarmed over the matter OF the short
supply Of good wheat in europe but this had
LITTLE effect Chicago said the tone there was
strong could he wished. vet the trade was
so: small and the outside interest 80 light that
the bulls were not talking very hopefully, and
were even afraid of sag off through pure neg
1ect and dizziness. Toward the sag began
and May SOLD OF to 751sr
tlearancas were only 10000 hu which was
disappointing showing and an offset to the new
exnort inquiry reported.
Primary receipts were .o57 600 hr. against
1000 bu last year. and shipments Isl. 600 bu,
egsinst a? 900 hu.
MINNEAPOLIS stocks have increased LOCO. 00i
far this week. which makes the nromise Of an
increase large as last week in the final show
tnc. Chicago wired early that there was very
large trade in wheat at nreninS. Wet weather
IN the west md southwest and Argentine rows
fresh h"vine motive t" rhe trade. Na1en
tine offered TOO ono MAY at TIssc. probably for
effect only. it isn't likely Armour would sell
much wheat after bu! ing 40 heavily few frac
wheat market was broad and strong the incen-
tive to buy being the cables Argentine news ard
small receipts at Duluth. Some of yesterdays
buyers were reported to have taken profits and
Armour made selling demonstration. but the
tone strong and tendency higher. About
noon. however. the Chicago kilograms changed.
Trade. they said. had nuieted down to normal
rrnnort ions. Armour had ct been conspiclous
this morning. Gu any buying by him the
het will advance. the local crowd has sold
out. but the dullness is the feature and prevents
bull activity.
At noon all the market weakened and Mime
npois sold off to 1870 for December. closing at
low Doint. and to 74"tr for May. closing at
I,,1r at