The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-26
Very Little Trading Anywhere
The General Feeling Here Fa-
vors Price Maintenance.
Crop News from Russia and Argen-
tine-The Price Current and
Modern Miller Both Bearisk.
Government Final Report in a Few
Days-Local Receipts Lighter
lie Than Expected. x

Minneapolis Chamber of Commerce, Dec. &c.
Quiet and very dull the opening this NOR
ming in all the grain markets. With the for
elgn markets closed up tight and nothing IN the
domestic of special Importance, the ten
dency was waiting one. Receipts here were
light. Even allowing for tile cold weather,
which is rather against free movement, 1t was
expected that the three days receipts would run
to at least 600 or 700 cars. but only 500 were
H. against 356 cars for one day last year. In
Duluth there only % cars, against 265.
Minneapolis stocks have increased about the
last week. allowing for the holidays,
and to-morrows report will show about l.OOo,-
900 bu more in store here than on last Satur-
day. The advices from Russia were unfavorable
in general tone. but were not important. being
largely repetition of reports received earlier in
the week. From Argentine the news came of a
more favorable turn in the weather. New York
wired early that. despite the natural luietness
of the holiday season. there Is continued demand
received this morning All the markets opened
within fraction of Tuesdays close except st.
Louis, which up &c, other points failing to
follow. Minneapolis May opened practically I'M
changed, at 75Ac, and was quiet. Traders
were inclined to watch the weather closely, as
there is little snow protection over winter wheat
and, should the cold extend very far south,
something of scare might develop.
long cablegram came from Rosario to
Chicago house respecting conditions in Argen-
tine. Unless rains continue the damage. the re-
port says. will be slight. 1t is admitted that
the quality Of the entire crop has been lowered,
and that exports held back three weeks.
Il ne importance or Argentine exporter this
season may be determined by the weather of the
next few weeks
Secretary John Hyde, of the agricultural de-
partment. says the governments final report of
the crops of 1902. including wheat. corn, oats,
now and the first of the year. No effort, it
now and the first ofthe year. No effort, 1t
is said will be made to hold this report off until
late In the day, Is the custom with govern
ment reports, but it will be given to the Asso-
ciated Press whenever 1t is ready. The Price
Current says winter wheat is maintaining fine
condition and the movement Of the crop to mar
ket is about normal. Rather mild weather
wise there is general change. Elevators in
are filling up. The Modern Miller says latest
advices from the fields indicate change in the
generally favorable condition of the winter wheat
crop. Complaints are few and the area of
damage is limited. Where the growth is too
luxuriant the plant generally has been pastured.
There Is little protection for the plant out
side of the northern section Of the winter wheat
belt and none at all in the southwest south
east. The movement of wheat from farmers
hands continues small.
The market dragged to the end Bradstreet's
report showed exports for the week of 1860, 900
bu, against 3 256 900 bu last week and 4, 292, 900
bu year ago. Primary receipts were l, 2S9. 900
Thu. against $40, 900 bu last year. and shipments
1886. COO hu. against 1855, 900 bu. the last year
figures being for day, against three days
this year. Clearances equaled 569. 900 bu De-
cember wheat. in which there only trade
all day. closed at 1890. May closed at 75h a
I5Ac. and July at 1850.
The cash market was active and on basis not
materially changed from Tuesday except for a
slight fraction frmer for the selections of No. /
northern.