The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-16
December Broke to 68 $3.50 on Easy
Selling, but Worked Back Slow
=. ly to SO 3-4-7-Sc. "''
Chicago Led in Strength With Min
neapolis Holding Back for
a. Time. ...-
December Corn Crossed Sic, Helping
Wheat-Fair Export Demand
Is Reported.

Minneapolis Chamber of Commerce. Oct. To-
Sentiment in wheat shifted about little to-
day. While Minneapolis has led III strength OH
the late upturn it Chicago that was nrner
this morning, with the local market tending cas-
Ter Minneapolis December opening at 69ta@
69Mc sold to G9Mc and then dropped to 691sc
Chicago meanwhile held comparatively steady
and changed only Sc either way from yester
DAYS close at T1& al 1ac. Not until Mlnneap-
oils sold to 6S7s @69c did Chicago ease OF TO
7lAc. In the local pit 1t was case OF pronl
taking and Of tmid longs scared out by the
good weather and the posting OF receipts or 900
cars. In Chicago there was early hrmness III
sympathy with mani pulat1ve strength IN corn.
The seahoard had early show of strength, out
weakened after a while. Duluth having report
ed $50 900 bu wheat for export yesterday scaled
IT down to 10, 900 bu this morning. The seaboard
had a good trade yesterday. fuily equal 10 .ne
B7coOO bu reported, but 100000 bu was corn
400 900 Blu oats, 10000 rye and 1l2,Ooo wheat.
The rush of grains to market continues
holding back wheat receipts III the northwest
ss for instance 41S of flax In Duluth TO-
dny and only 2SS cars of wheat. Still even with
this, the northwest gained 2S0 cars OF wheat
over last year, with S5S cars against 62'. MID MID
Neapolis had $50 against 42S and Duluth 700
AGAINST 1p5 The weather is very favorable the
only precipitation in the northwest being trace
at Bismarck and .O2 inches at Wnliston. For
South Dakota fair weather IL predlcteo anu tne
forecast for Minnesota and North Dakota IS TOT
cloudy weather to-day and warmer tomorrow.
Liverpool made a fair response to our strength
and came 9s@Bd higher at the opening put
during the session turned easier ahu closeu oiAs
1ld higher. s,.ou,,,o
The Price Current says it has been favorable
week for wheat seeding and corn cutting. Inc
early sown winter wheat Is in fine condition
The Chicago market continued strong and ac-
tive Minneapolis finally shaking on the weak
ness and coming partly into line, although there
was selling here the advances me hsures
FOR clearanees were moderate--363,0 900 bu In all.
The primary receipts totaled l, 243. 600 pu'
against LOSE, 900 bu last year. and primary snip
1nents 46S, 900 bu, against 561 900 bu Kansas
city sent some bullish gossip on corn, saying
there were only 20 cars in there and not much
headed that way. With this New YORK re-
ported export inquiry and some is loads taken
early Armour was again the center OF the
Chicago gossip and was active In the wheat
pit, buyin December but selling it again by
turns When Chicago December corn spurted
over 51c, Chicago December wheat struck re,
and Minneapolis December sold up to 69$4 az
697Ac closing at the high point. May sold
to 71ssc and closed at that figure
Wheat to arrive again in good sale In n the
cash market: No: l sold to arrive at 1og79Ac
and No 2 from ess @6sAc. The spot Hd, wheat eat
sold we'll, No. l northern at 7OA@1OAc Tor
the bulk. The unsettled option made the range
WIDE especially In the No. northern, where
sales were made from Csc up to 69hc. No. 3
wheat sold very we'll with range of Us Ac to
&C., go> part going at firm figures. M1!lers
were buyers and there was fair inquiry from
the outside. Rejected wheat sold from 661ac
down to CSC, and grade from 64c down to