The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-03
FIRMNESs IN WHEAT BUT A VERY QUIET MARKET
Corn aud Oats Were Strong and
This Helped Advance-May
Wheat rs lac.
STATISTICS ALSO FAVORABLE
Decrease of 1.444.OOO Blu. In the WIS.,
fble-ReceiptS Here Light Cen
eraI News Of the Day.

Minneapolis Chamber of Commerce, Feb. 8
-Firmness ruled the wheat market this
morning, and the week started with mcder-
ate gain, May holding just under 75c at noon
The northwestern movement is very light ana
this tends to make the local pit quickly re-
sponsve TO any show of strength, and al
times to-day the local price was relatively
fraction tirmer than other markets. From
abroad there was not much OF Importance.
Liverpool was up Nd at the opening, closing
sd higher, and SD higher for corn. The
domestic news was without any item OF in
tuence either way. The market made the
small changes, principally on the statistical
reports, the increase on passage and the de-
crease In the visible supply. Cold weather IS
general in the north and west, with snow
urrles IN the Dakotas and Minnesota. 1t Is
generally clear In the west and southwest
Light SHOWS fell over Sunday in some parts OF
Kansas aud Missouri. The Washington
weather bureau report for January says the
principal winter wheat states have had ample
snow protection In the less important states
Of the Ohio valley and middle Atlantic group
conditions are not 30 favorable and in places
the alternate thawng and freezing has had
bad effect. The general outlook on the PACING
coast Is encouraging.
Worlds shipments were S.2S4,000 blu for the
week This compares with S,s75 900 bu In the
previous week and 900 bu year ago.
America shipped $500 600 blu, Russia 2,0SS, 600
blu, and the Danube $4,000 bu. India shows
100000 blu and Argentine 1.ol2,o 600 bu, while
= Australia cuts an important figure with 1OI2.-
600 bu shipped The amount on passage In
creased by 2,640,0 coo Blu. Stocks in Liverpool
show increase of 4o, 900 bu The visible sup
ply decreased 1s444O00 bu. making the present
total 57.929.000 bu, compared with IS, $4,000
on this date last year.
Primary receipts were $4,000 bu. against
1.1S5, 600 blu, and shipments 227 ,00Os against
BID, 900 bu, but the last year figures are for
two days. Wheat and -four clearances equalled
100000 bu- Receipts at Minneapolis were 24a
cars, against 492 last year, and at Duluth LIS.
against holiday.
Near the close the firmness in corn and
oats began to be felt in wheat and on fur
then buying May went to 7514c. At the close
May was 754se, July 7sA@76ssc. and January
741sc. Chicago closed May at 78hc.
Tha cash market was about on the same
basis as Saturday, with this difference, that
the presence Of the regular Monday morning
outside buyers made the demand little more
active Receipts were light and this helped
the strength. No. northern was salable at
May price. Buyers expressed preferences for
Milwaukee and Omaha cars, but there was
less discrimination against the Great Northern
cars and where they contained good milling
wheat they went pretty much on the same
basis as tho others. No. 1 northern sold at
74hc for the average, and at this figure to
arrive. No. northern sold from 72Ac to
73Mc, a good part at the latter figure. No.
ranged from Tie to 721kc. Rejected and
no grade brought anywhere from 611ac to Tic,
I'M RI NV