The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-12
After the Advance of Yesterday the
Market Hesitates, but Shows i,
Continued Good Support. ".
May Sells at 76c at the Opening, but
Falls Off Later to rs $50 Clos
ing at Low Point.
More Argentine News, Missouri
Crop Report, and a Bearish Re-
- view by the Modern Miller.

Minneapolis Chamber Of Commerce. Dec. 12.-
Following the closing strength of Yesterday and
the hnal squirt curb after the close the
wheat market was strong and higher this NOR.
n thu May s sns psfan In ali TOP
was support. but not enough to hoin it. aud in
M hour May had eased OF TO 75!a @1a&c: Lily,
erpool gave tair response and cioseu rs G9sd
20 up. There was strong e tone sever at the
opening but the May PRICE was UP e; com com,
Was natural halt and a tendency to walt
bit coupled With selling for pront taking by
The Missouri state crop report was out and the
condition of the growing winter wheat placed at
however, Is 10 per cent under last year. accord
ing to tue state report while the government re-
souri, an acreage increase Of II per cent com.
pared with last year. OF the last year crop OF
:. failing of in receipts of Isl cars, getting ri
had SIS cars against 800 last year, and Duluth
~. against 1852. For the week. up to this NOR
So gs bu local elevator stocks nave increased
Chiesso had the help Of strong and and as r.,7
receipts Armour bought little May corn.
London sent the longest and most comprehensive
Tue weather has been variable and mauy coll
dieting reports have been coming In consequence.
large portion Of the country and there is oppor-
tunity to Judge as to the YIELD: From all ind
y. and the quality Is very high For TIE week x.
ssoq b bq ns ooS nu
week last year. Broomhall sent a cable later
In which he said that +conditions i'll Argentine
remain uncertain owing to the weather, which is
still unsettled.
Clearances for the day 314. 900 bu. The
primary points had S26, 900 bu. against .OSS.OOO
! bu and shipped ITO. 600 bu. against 339.OuV bu.
The Mooern Miller says: Conditions have
been favorable for the winter wheat crop and
there are complaints to speak of. II there
is any damage 1t is connned to the early
sown wheat infected by the Hessian fly or
other field pests. The plant is In excellent con-
dition otherwise except that some of the early
soWn in the southern sections shows too rank
growth The movement of wheat to market Is
falling off.
Near the close the market Was weak. Brad
streets report of wheat and -four clearanceS
for the week bearisi. showing ouly o.ihl.
600 bu. against :',ju4.uuU in the previous week.
December wheat closed at 4lsc, May at 1876
and July at 754sc.
Cash wheat was III good sale without any
change In the situation of special Importance,
except that the premium wavered a little OF
any thing not strictly choice. AT the close every
thing was cleaned up but the prices obtained
the average a traction under those OF
yesterday, compared with the option. For No.
/ portheru 1ac under May the hest and not
all the No. / brought the figure. There was
good demaud for Choice wheat to arrive. No l
northern going at 800 &c. and No. northern
bringing 1914 I4r. The Low grades on spot
were al taken, with luo,ierate concessions tnaue
the lots.