The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-26
This the Feature This Morning
Firmness and a Moderate .
Gain in May. .'. '..-
The Bears Had the Local increase
of $40, 900 Blu. and Bearish
Argentine Cable.
But Sentiment Was Firm to the
End the Market Closing at .,
High Point.

Minneapolis Chamber of Commerce. Nov. De-
The feature OF the day in grain and u very
Important feature, was the news from the winter
wheat territory. There nothing specific
i'll the reports received they carried only COM
ment in d general way. but were important since
they contained the only really bad far
received or winter wheat conditions A touch
Of hrmness crept into the speculative market
and moderate advance was scored in the first
part of the session, May selling up to 1ac.
Despite the display Of strength, the market
quiet to dullness. In the local pit and in Chi
cago there was light scattered trade. There
we're firm foreign markets and the weather over
portions of the western country was threaten
Ing. Liverpool closed as4Esd higher.
81. Louis sent the first intimation of any turn
In winter wheat conditions. The fly is reported
IN places, and in consequence of too much mild
and moist weather the plant Is less hardy in al,-
pearance than could be desired and there is
sonic complaint of stalk weakness. The nearest
approach to an actual bullish damage report
came from Professor Huston, state chemist of
Indiana, who has been out looking over the
nelds. In places, he says, the fly damage is
important, amounting to Is per cent in some
spots and rs per cent in others.
,,t IN inc northwest receipts We're 254 cars under
had 437 against 497, and Duluth 296 against
$50. This lighter run into both Minneapolis and
Duluth was enough to make sentiment frm al
though it Offset by the increases every day
In local stocks. To yesterday the local elevators
mad gained 800 90 bu. and this morning the gain
so FAR In the week was estimated at about
cash market.
me bears got In line later In a cable re-
port from Argentine to Chicago house, from q
correspondent in Rosario. Argentine the re-
port says. will have plenty of wheat for export
some authorities estimating the quantity at
63,oOO.OOO bu. If Argentine has any such
quantity. she will have almost three times the
quantity actually exported last year. And the
Argentine exporters, the report says, will prob
ably offer their wheat which is of good average
quality. under American figures when they find
1T necessary to move 1t to Liverpool little later
Primary receipts 1,175.oo bu, against
i'os5, 600 bu. year ago, and Shipments 624 900
ou. against 2S6 90 bu, Wheat and -four clear
ances equaled 4SS.0OO bu.
New York sold fifteen loads to go ont The
market closed firm and strong at the end Nav
1885, December 7etsc There a little
75bc. ~
1t was good day in the cash market. De-
mand was not especially active. nor was there
any Increased inquiry yesterday nor any
hlgher premiums. But receipts were light and
buyers willing to take 1t all at fair prices
ana very few lots were carried over through the
entire market. Wheat to arrive was in good
sale and both the No. and No. were sold
on that basis No at 741A @741ac, and No. 2
at 1Sc for the average The spot stun went to
m1llers and elevators. the elevators taking a
good share. No. 3 wheat sold at 7OM71c for the
hnlk. and rejected from 7O@71c for choice to
56c Tor soft. No grade sold from zoe down to