The Minneapolis journal., 1902-08-08
WHEAT OFF AGAIN, AND SEPT. DOWN TO 645ScI
Continuation of the Bear Market
No Support Coming Out
Anywhere. saF
RECEIPTS HERE VERY LIGHT
Cash Wheat in Demand-Genera1
News of the GRAIN
5-s.. r.f Markets.. rtrE1

Minneapolis Chamber Of Commerce, Aug
s-Wheat went through the 6oc level this
morning with the market as weak and de-
moralzed at any time on the late de-
cline. Only 63 cars of wheat were shown in
the Minneapolis receipts; this against 1S2
last year and of to-day's receipts 26 cars
were winter wheat leaving only 81 cars to
be considered. The local pit showed trace
of frmness to start, and the snort cro"a'
looking at the 7S cars posted. were ready to
run II there was anything indicating gen
eral change in sentiment. But Chicago was
weaker than ever and other markets as Well
Minneapolis September gained 1sQAc, selling
to 65M@65Ac and then broke to another low
point at 65Ac and little later SOLD through
65c. No attention was paid to anytnlns Ia
vorable to price maintainance. Inc continued
reports of good export inquiry at the sea
board had no effect The estimate OF the
Northwest Grain Dealers association for the
Canadian yield was lighter than expected, ana
would ordinarily have been sustaining, out II
WAS ignored The association estimates the
Manitoba WELD at Al, ,957, ,760 bu, and the yleld
in the territories at 1867, 900 bu, total oi
6t524 76O bushels. The weather from WIN
nipeg down to Valley City was cloudy ana
the forecast is for cloudy weather to-nlgnt
and Tomorrow, with possible thunderstorms.
Liverpool was A9Ad lower at the close. AT
primary points receipts were 1,oSt t,ooo ou'
against $4,000 bu, and shipments, 69s,00o Du'
against 900 bu Minneapolis had 63 cars
against 1872: Duluth, 9. against 10, and Ran
sas City and St. Louis, ,0O0 bu, ag'nst
80 800 last year. Wheat and nour cieafances
were equal to $4,000 bu.
Shows weekly crop report says the tnresn-
ing returns showing surprising returns
of winter wheat, averaging 10 buShels 10 Tue
acre The spring wheat condition is 1uliy
maintained, harvesting beginning with the
condition above 80. The total wheat CROP
Snow thinks, will exceed that Of last year
The condition of corn promises 2,oooooo,oo
bushels. Oats promise fully $50, 600 bu
The Modern Miller says that while the
winter wheat movement has fallen off it is
still above that of last year. In the sections
where the yield is the largest, farmers con-
tinue selling freely. The yields are exceed
ing the estimates. but the quahty Oh .he
wheat is not all that could be desired. Chi
cago claimed to have worked 4O0,ooo ou up 10
noon and No. northern in that Market
was firm at &c over September. Near tne
close the market sold to 64Bc for SeptSm-
ber. The close was: September, 64Ac; De-
cember, 64B@64Ac; May, 67bc.
There was an excellent demand for casn
wheat bnt the premium was little easier.
On the first round the full premium was
paid for selections, but after that 1t was
harder to get the top figures. Some NO. 1
northern sold to arrive at 76c, and there was
no spot No 1 worth considering. No. 2
northern sold at 75c for spot, and at TIC out
of elevator at 74c for old wheat to arrive,
and at 67%c for new wheat to arrive. NO.
3 wheat sold from 74c to roc, and no grade
from II Nc to SIC.