The Minneapolis journal., 1902-07-12
Clear Skies and Favorable Temper
atures Were Reported
Everywh re.
WEATHER IS FoREcAsTED
minneapolis wheat Stocks Increased
269, AGA Bu.-VisibIe Expected to
Show Increase Monday. a.

Minneapolis Chamber of Commerce,
July 12.-The weather bureau was IN er-
ror yeste erday In It's predictions OF general
showers over the spring and winter wheat
territory for to-day. The weather map
WAS almost as dry as a bone this morning,
temperatures were ideal everywhere, ana
the forecast was for a continuance OF
clear weat her over Sunday, excepting ZOE
showers in Missouri and illinois In view
OF this bearish: turn to weather condl-
ttons and unresponsiye eabies-hVerp4ot
opening only I'd higher than closing
B@A higher-tshorts who covered yes
terday took courage again and put out
fresh lines. The opening was signify
easier. July 1sc off from yesterday, at
785zc; September sc lower, at 719sc, and
December Sc lower. at 711sc. trade was
very light and the range OF prices mar
row. Private Liverpool cables reported
cash wheat dull and 1ad lower, with de-
nand falling off. Choice Indian wheats
of hard variety are being sold 1ree1y lor
August and September delivery IN the
United Kingdom. Weather in England IS
again unsettled. 49, .~..s e. 1-.' -.
Local wheat receipts to-day were 100
cars, against 160 cars, year ago, ana
Duluth received So, cars, against ~ cars.
Minneapolis wheat stocks increased 2b9,-
464 bushels during the week, the nrst
increase for several months. The visible
supply is expected to show an increase
week. Primary wheat receipts to-day
were 6O3, 900 bushels, compared with 1884,
900 bushels a year ago, and sh1pmeHts
were 316,0 900 bushels, against 900 bush
els. Total clearances were reported at
220, ,494 bushels of wheat and 123, ,4O4 par
Tels of -four. The seaboard reported ~
loads of wheat worked for export. Brad
streets says worlds wheat stocks are
+. close to the low water, marx, total
American and European supplies now pc
ing only $4,000. 900 bushels, decrease TOT
June of 25,00O,00o bushels, the largest
3 decrease for that month in the past seven
years. The Daily Trade Bulletin estl-
mates wheat in farmers hands July L at
At ,4S3, 900 bushels, as follows; Mime
sofa, 100000 bushels. North Dakota,
5000, 900 bushels; South Dakota, 5,O0o,Oo
bushels; Nebraska. $4,000 bushels;
Kansas. s,920,000 bushels; Illinois, 2.lo5'-
600 bushels; Indiana, 2,25o,Oo0 busheks;
Ohio, 3,463 900 bushels.
r.. The market continued quiet during the
session and closed with prices at the low
: level Of the day. July closed at 7SA a
1850, h@&c lower than yesterday, Sep
tember closed at 1h97l%c, a loss OF
B@Ac, and December declined 7Ac, clos
ing at Tic. The principal trade during the
latter part of the session was the even
ing up of contracts over Sunday The
market had firm undertone throughout,
which was rather surprising, in view OF the
brilliant weather ana prospects OF COIL
5tinuance Of same, which undoubtedly
would result in an increased movement
of wheat from farmers hands r~. 5 :
II Cash wheat was IN good demand at
prices ruling about the same as yesterday
AL spot offerings. Of grade wheat were
readily disposed Of and several lots sold
TO arrive Low grades were quite slow
of sale. No. / northern on spot sold at
$%c<oyer July, and to arrive at 7914c; No.
2 northern out of elevator sold at 3A @
SIC, and on track 74at' 31a@54c over Sep
tember. No. 8 sold at from to 21sc over
September, and no grade at from 6S to
72c - -: -