The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-14
Minneapolis December Advances
Moderately, and May Closed
- Fraotionally Higher. e.
Rainy Weather Scared the Corn
Men and Helped Sustain the
Wheat Strength.
An Increase of 100000 Blu. Ex-
pected in Minneapolis Stocks
This Week.

Minneapolis Chamber Of Commerce, Nov. IL
A little strength developed In wheat at the
scored In the early trading With the weather
map very wet and no let up in the rain reports
to the opening the corn market was strong, De-
ness spread from the shorts to the shorts
In wheat, and quick advances were made. The
northwest had rains the greater portion
turning to sleet and snow. The prediction OF
fair weather for Friday failed to work out. and
this mornings forecast was for rain or snow to-
night and Saturday. Des Moines, Dubuque,
Sioux City, Springfield ILL.,, and ST. Louis were
points reporting heavy rains, while at Omaha
thero was snow. st. Louis had 1O1 900 bu Of
wheat in, against $4,000 last year, and was
ready enough to respond to the strength in
corn, but was less bullsh OH wheat proper
Chicago had 1o2 cars against 70. In the north
west there IS cars less than last year, or
s32 against $40.
SO much wheat has been going into elevators
this week that there is expectation of a heavy
increase In local stocks. \ gain of 100000 bu
would not be surprising This will be low grade
stuG principally, as the bulk of the grade wheat
has gone to the mills for grinding. This In
crease In prospect and the prospect of gain
In the visible Monday We're moderately de-
pressing to pit sentiment. The -four mills
ported inquiry trihe better this morning, yet
hardly enough of improvement to make much diff
ference. There Is really a fair -four business
being done every day. and when millers report
new business comparatively light and under the
output, the trade Is inclined to overlook the
TACT that the output just now is enormous, and
sumed daily. And the increase in local stocks
is not without offset for it is probable that
the major portion OF the grain here will mean
q corresponding loss in country elevator stocks,
which will probably not be made up by farmers
deliveries while the weather continues bad.
Last year the country elevators gained 4,3OO,-
900 bu in November. but this November the
showing will probably be the other way. The ex-
pectaion is for increase of 2 900 900 bu in the
Visible figures Monday.
December wheat opened &c up at 719sc and
dipped to Ike, selling up again to 71Ac. Re-
cetpts In Minneapolis were 400 cars against $40
and in Duluth 236 against 231. Primary re-
cetpts were about stand off with last year. or
1.121,O0O bu, against !, 1871 900. Shipments were
much heavier, showing 76S,o00 bu against 1884,
900 bu.
The foreign markets were frmer and Liver
pool closed I'D to SD higher. London cabled
that the latest Argentine advices Of improv-
Ing conditions for wheat.
The Modern Miller says that scattered
reports are being received that the wheat
plant Is unfavorably affected by the Hes
general are given excellent, and as promising
unusually we'll for this season Of the year. The
ny, however, has appea red in many sections and
1t Is feared will do damage If the mild and
unsea sonable weather continues Car shortage is
curta11ng the movement of wheat both to and
from the market centers.
The market held steady to the close Decem-
There good demand for the cash wheat
miiiers and elevators buying. Low grades sold
ing basis. No. hard brought 74G74Hc. No. i
northern sold from 72Ac to 1880 and No. .
northern from 71Ac to 72Ac.