The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-09-25
Chicago Interest Directed Towards
December Corn Said to Be Sold
Short 100000 Blu.
The French Millers Estimate the
Total Wheat Crop Of France at
s72,oO0,0o0 Blu. ,
Manitoba Wheat Competition Al
ready Being Felt in Slight De-
gree in Eastern Markets.

Minneapolis Chamber of Commerce, Sept. &c.
Something Of reactionary irmness was shown
In wheat this morning, as was natural after the
heavy declines or the past few days. September
was up 54c from yesterdays close, selling to
86%e. May advanced to 6S1s 6GShc, and De-
cember opening &c higher at 65A @657sc, sold
to 66h 6I6GAc. There was little interest and
light trade Prices sagged back from high points
and held steady at trhe above the opening
Tho northwest hal 9l2 cars. agains GIG last
year. gain Of 2SG cars. Duluth made big
gain with $50 cars, against 3O3. Minneapolis
getting 343 against 321. III Chicago interest was
largely diverted to corn. There Is talk OF an
enormous shortage of December corn, probably
not less than 900 bu, Willie there is only
about 1000, 900 bu contract corn In Chicago
Everything depends upon the movement between
now and December, and here opinion Is divided.
Many in Chicago are already beginning to believe
the shorts will not be able to make good on De.
cember contracts. but the southwest is bearsh
and 1t Is the expectation there that the corn
movement later will be surprisingly heavy.
In the wheat news there nothing encour
aging. Yesterday there were the estimates Of
the Russian grain crops on the bear sfde to-day
1t the French figures that were bearish Ac
cording to the French mlllers association France
has raised 100000 bu wheat more than last
year. md So, OUO,0 600 bu more than in 1000. The
crop of the current year is put at 372,oO0,00o
bu compared with 100000 bu In 1901 and
$4,000, 900 blu in 1900. All these are millers'
figures. The official figures always lower
than those of the millers. In 1901 the official
report made the yield 1925. 900. 900 blu, 1000.
900 bu less than the millers' estimate, and in
1000 3O4. 100000 btu. or 5000, 900 bi less than
the millers. From this 1t is fair to assume that
the official report will be less this year well.
The bulletin Des Halles says France has raised
In the present crop 345 900 900 bu, 27,O00, 900
bu less than estimated by the millers The
bulletin Des Halles Is an organ Of the French
farmers, and is liable to slightly on the
side of conservativeness, the millers are on
the other side. Liverpool unchanged at
the opening, but closed A@3sd up.
Duluth is already complaining OF the Manitoba
wheat. although 1t is little early yet for that
competition Canadian grain firms. the Duluth
men say, already cutting under them on
offers to eastern markets. Primary receipts
were 1,374,O0O BIZ, against 1,O52 900 last year
and primary shipments $4,000 bu, against $780,,
900. Wheat and -four cleaunces. 2T3OOO bu.
The Price Current sees important change
this week in the general crop situation.
The market held to the end without important
change December closing 65Bc; September,
$3.50; May wheat; 67Ac.
Sixty six cents fat the figure for the No.
northern wheat to-day Some lots sold at 6BM c
and others at 6612c, but the bulk brought CSC.
No northern showed no change as to the pre-
mium. Millers bought this grade and some fancy
lots went as high as 6s1sc, but the average was
67Ac With few sales as low as 67A OCT Ec.
n No. 8 wheat the range was from 651sc to
e3hc. Rejected wheat brought e4hc to 621hc
and no grade sold from Gao to SIC.