The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-01
May and December Decline Ar
mour a Heavy Seller Of May
Wheat in Chicago.
All Receipts Are Heavier Duluth
Stocks Increase-December
Deliveries Very Moderate.
Increase of 8, 1851 900 Blu. in the Wis
IDLE and Clearances of Only
$4,000 Blu.

Minneapolis Chamber Of Commerce, Dec. L.
The new mouth began in the wheat market with
very quiet tone, which ruled through the
early part of the session May wheat opened
q shade under the closing figure Of Saturday anG
held around 7312c, not varying more than 3st
either way, although lower tendency very
c!ear. december wheat was tribe easier than
May at nrst, but there was practically nothing
doing In 1t. The trade watched for the report
as to deliveries Chicago had only 10000 blu
turned over on December contract. to start with.
The Minneapolis clearing house reported only
100000 Blu Of wheat and n, 900 blu flax delivered.
This was much lighter showing all around than
Lad been expected. On Saturday there was talk
OF an increase In Duluth stocks and estimates of
the quantity ran FROM 300, 900 to 500, 600 bu.
This morning the Duluth report showed an in
crease for last week OF ], 23l 900 bu. This was
taken as an indication that considerable guam
tity OF wheat in private stocks had been turned
over into public stocks, else the farmers
shipments of wheat to the head Of the lakes
must have been heavier than the trade has fig
ured upon. The northwest made gain of 467
cars over this day last year, the two markets
getting 1867 cars against 1000 last year. Min
neapolis received 1928 cars, against s22 and
Duluth 800 against 26S. No precipitation worth
noting shown the map except in the
Ohio valley, and the general outlook is for
continued moderate gains over last year In re-
ceipts. The visible supply increased by 1851, )
900 bu, making the present total n, 0s30Oo bu..
Primary receipts 1880, 600 blu against
1,524,OOo last year, and shipments $4,000 bu
against Idol 900. "st - e.
than expected, totaling s,275,0OO bu against
9,517 900 last week and s,497 900 year ago.
America sent out 4,179.000 Blu in all. Russia
shipped 2,O96,000 and the ports of the Danube
1,176,0O0. Argentine shipped 10000 bu and
India 656,OOO. The quantity of breadstuffs on
passage decrease for the week by 2, 504, 900 bu,
leaving the present supply afoat %. 52S, 900.
Wheat stocks in Liverpool {, 272,0O0 blu, an
increase of $4,000 blu for the week..
Liverpool closed I'd lower.
Armour was heavy seller of wheat in Chi
cago just before noon. Prices eased of all
around Minneapolis May going to 73@731sc.
Wheat and -four clearances for the day were
S23, 900 blu.
Duluth reported $50, 900 blu sold c. i. f. Buff
falo, eight loads of Manitoba wheat, and three
other loads for direct export. Eighteen loads
reported sold at the seaboard. May wheat
closed at 73A l73Ac; December Tic, July 1890
firmer and shade higher premium paid for the
choice lots. But millers were not heavy buyers
and with elevators taking the bulk 1t wak Am
possible to hold the early hrmness. The 20.
sold at &c December for choice, but later
the bulk went ut nc over. No. 2 brought De-
cember price until all the choice lots had beer
taken and late sales Of light weight No.
the basis was December price to nc under. The
No. l hard brought 1914 @74c. No. northern
sold at 1925 q 73c for the bulk and THIS grade t.
arrive brought 72% @7ac;; No. 2 northern so solo
to CSC and rejected sold from 70Ac to &c. NJ
grade ranged from &c to 6Oc. Near the close
there was some wheat unsold but it was poo
stuff principally. Some of the rejected and M
grade wheat on sale was very poor, going as low
45M47c. +.-