The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-30
Topeka Kans., Sends First Specific
s. Reports of Damage to Winter
Wheat by the Cold.
|Bradstreet's Estimate Shows the
Worlds Visible Decreased by
2,175,000 Bushels.
Traders Wait for the Government
Report-Local Stocks Still on
the Increase. .-.~'-s ,~ +

Minneapolis Chamber Of Commerce, Dec. 3d.
The first specific reports touching the effect
OF the recent cold weather upon winter wheat
speculative market. No alarming instances of
damage were giyen nor it claimed there
has been extensive damage. But the southwest
said complaints were beginning to come In and
Topeka has some instances of actual injury
due to freezing weather over fields without
snow protection. These reports were hardly sur
tpriSlng to local traders, who had looked Tor
damage news 10 come soon after the days when
the thermometer ranged lowest and the cold
wave extended well into the southwest. That
the damage news at that time was rather mea-
ger and indefinite is by no means conclusive
evidence that there was no harm done. year
ago about this time, when the thermometer
ranged low and the cold wave extended south
ward, the wires were burdened with reports OF
damage of which many were fully substantlated
along in March, when the wheat began TO come
up But there bull spirit ruling everything
at that time. This year there Is such an utter
lack of interest in wheat, in a speculative way.
and the market has shown such lassitude and In
difference to any influence that the big houses
have not tried to force matters and where they
have had anything of a Strengthening nature,
have not cared especially to disseminate 1T:
big Chicago house intinlates to-day that from
investigation they believe there has been mod
crate decline in the general condition OF winter
wheat within fortnight, and that while the
extremely favorable reports that nave recently
been put out respecting winter wheat were en-
tirely warranted at the time, these optimistic
views will have to be modified in some degree
inter later investigation.
Minneapolis firm and steady, opening at
75hc fer May, and selling at 75Ac. December
was a fraction higher, July dull and neglected
through the early part of the session. Liverpool
unchanged Mt first, up sd on second cables,
Broomhall attrbuting this stronger turn to Gov
ering by shorts in wheat, and to the erect OF
light stocks of corn. Liverpool closed A@Td
higher Receipts here were 231 cars against 3sl,
and In Duluth a against Sc. Primary re-
ceipts 4S7 900 blu against $4,000 ou, and
shipments 252, 900 blu against 140. 900 bu. Mheat
and -four clearnnces equaled 10000 bu BRAD
streets report Of the change In the worlds V1s1-
bile shows a decrease of 2175OO0 bu. The guam
tity afoat decreased by 2,500.000 bu, but was
slightly by increase of 82o,ooo ou IN the
quantity east of the Rockies.
New York reported seven loads taken 1or eA-
port. .,,.4
Local stocks are increasing at a rate to indicate
. n gain Of $50 900 by for the week. 49,,
With the final government report TO come tnis
afternoon there was little disposition to trade.
and the session closed very quiet, May wheat at
75075hc December wheat at 1870, ana July
wheat at 751ac. :,
The cash market was extremely quiet and there
were few sales recorded, but this was no evidence
of any lack of demand here. On the contrary
there was good local demand and some OUTSIDE
orders for good wheat in excess of the quantity
on sale. OF the receipts, which were moderate
anyway a good part was again applied on
desirable lots were disposed to wait rather than
to 20 in and bid the market up on Themselves
No. / hard sold from 75Ac to 7o?sc NO. l
northern brought 74A to Toe, and the same FOR
lots to arrive. No. northern sold from 12Ac
to 1910.