The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-13
An Active and Erratic Market With
the Bulls Making the Most Of
the Rainy Weather.
Heavier Primary Receipts and 1885
Cars at Minneapolis the
Bear Items.
Everything Else Favored Strength
Including the Clearances
of $4,000 Bushels.

Minneapolis Chamber of Commerce. Oct. 13.
An active and exciting market ruled in wheat
this morning. The bulls in full control at
times and they ran the market up by jumps,
December selling to 60asc just before noon. With
wet weather following the bull turn of the
closing days of last week. December opened
very nervous and heading apparently into another
bull market the higher range. Nervous
shorts were bidders and December wheat sold
up to 69Ac on the curb. The weather map was
bad. showing rain general over the west and
northwest. but the prediction was for clearing
weather and fair tonight and Tuesday. This
prediction tempered the bull spirit little. De-
cember opened at 69c and held on the first trades.
but the marking up of the Minneapolis receipts,
showing 1.O33 cars was the signal for scat
tered selling, and December broke quickly to $685.
M6Slac where 1t held for time and then
broke to 6SAc. 1t looked like the end of the
bull enthusiasm for the day. but Oh the visible
report showing a very moderate increase In
wheat and decrease in corn and oats. bull ag-
grsssiyeness was renewed and the market squirt
ed up a full cent in short order: Liverpool gave
a fair degree of encouragement. coming Nd up
at first, SD up on second cables and closing
SOLD higher Primary figures were heavier
than last year, showing receipts OF l,756,OoO bu,
against 1144.O 200 bu last year and shipments OF
1905 900 bu, against $685. 600 bu. The north tn.
west gained $50 over last year, with 1885
against S55. Minneapolis had l,Oo5 against
eTs, and Duluth 800 against 179.
The Visible increased 4s7. 900 bu, making the
present total, 26, III, 900 bu.
Clearanoss were help to the bulls. showing
total Of wheat and -four equal to 1874 600 bu.
The worlds shipments were lighter compared
with last week, with total OF lOSS1 ooo bu.
against 14,166 900 bu. year ago the figures
were I, sOs, COO blu. America shipped 5,64o,o00
bu Russia 8. 936. 900 bu, the Danube 112s. 900 bu,
and Argentine $4,000 bu. Australia shipped
nothing, and the figures for India were delayed.
The quantity afoat for Europe decreased ny
$4,000 bu.
Near the close the market was down some
what from the high point, December closing at
6S%c and May at 69Ac. .
There was an active cash market. with lively
trade. The volume of business however, was
not 50 large as the receipts of 1.O36 cars would
Indicate. as a fair quantity Of this went for de-
livery on previous purchases by nillers to arrive
Taking the market all through, the premium
tendency was easier and considering the strength
of the option, cash prices were relatively softer
than on Saturday. There were some sales Of
No / northern made at 219c over the opening
aud these were booked at y 1ac. but the great
oveT se aeure The unsettled option naturally
made Wider range In all cash prices For
sold to arrive at ese and for the spot Nc 49,
the range was from CSC to 6SAc. with o9hc
touched for choice. No. wheat sold from CSC
to 671ac rejected from Gle to &c and no grade
to