The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-23
Wheat Dragged Through the Session
but Livened Up Little
Near the Close.
The Movement Better in General
Primary Receipts Larger
clearances 446,ooo Blu.
More Export Business Reported at
Duluth and at the Sea-
board.

Minneapolis Chamber of Commerce. Oct. 3d.
Practically no change occurred over night i'll the
wheat situation. The dulness that ruled
through yesterdays session was carried over
there was little interest. not buch business
In the pits and by comparison with the recent
activity the market was unlnterestlng. IL was
impossible to determine any decided tehuenc?
through the first two hours OF trading. Inc
fact that 1t ruined here was the cause OF a
little scattered buying, the posting of the figures
showing gain of 37l in northwestern re-
ceipts being the signal for little selling. One
offset the other. The scalpers did the bust
ness. while the big traders looked over the Held,
sized up everything In sight and hesitated.
Mnneapoli December opened at lo1sc ana held
between that figure and 101a @7o&c, with very
slight changes. Chicago opened at 7232c and
moved up and down 1sc at least twenty times
In the first half hour but would not break either
way a Chicago pit trader wired that the.
scalping operators there standing ready
to turn en- masse, and 1t looked as though
leader showing aggressiveness could readily
swing the market either way. Corn was help
to the wheat steadiness. st. Louis reported
greet difficulty in getting cars, with larger
wheat receipts promised when cars are obtain
able The Price Current says it has been IA
vorable week for corn and growing wheat that
corn is drying slowly, and that there is dis
position to sell 1t when In fit condition.
Liverpool was up A@asd on wheat at the
close, and Is O 1ad up on corn.
The primary points got $4,000 bu more than
aast year--1 207 900 bu, against 955.O0O bu.
Shipments were $4,000 blu, against 4g7 900.
minneapolis had 544 cars against Bss last year.
and Duluth 4A9. against 212. Wheat and -four
clearances. 100000 bu.
Near the close the market frmed up, Decem-
Der selling to 711m 7l3sc, and May to 72Ssg
T2%c. Duluth had more export business, inelud.
ing 300 900 bu worked e. j. Buffalo The sea.
board reported Is lo:r.; sold to go out, or about
145, 900 bu. The RI" vas firm; December, Tx
GD71 Ac; May, T.! .,H l27sc
No changes of Importance were made in cash
wheat prices. D'r'nd good although not
quite so sharp yesterday. Everything was
r,1a NCpn 10 n. |
which there were some lots that dragged few
cars Of choice old No. hard wheat were ln'
/ northern sold II! 7;'c. On ordinary No. the
range 71"lM72llc. Millers took everything
good In sight no. > northern sold from 6o?scc
to 7O1ac, the average going at Toe. No. 3
wheat sold GSl:. q 6Sasc for the bulk. but
there were few choice lots that went as high
as 69hD69Ac, and number Of lots poor that
they barely held the grade. these latter selling
from 81 1ao down to 66c. No. to come out OF
elevator brought Gle for 1o.0o0-bu lot Re.
jected wheat sold 66h ii &c for tho average and
In this grade also there many extremes
Of quality which made the range from 69c down
to 5912c. No grade wheat sold from 6614o down
to 55c. The receipts are carrying, more poor
stuff that formerly. this being especially true of
receipts from territory south and west.