The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-09-26
Outside Traders Considering the Pos
sible Effect of a Tie-Up Of
Minneapolis Mills.
-
Chicago Quiet and Hesitating-Not
Much of New Speculative =
Interest.
Receipts About Normal-Trade Is
Light-Clearances Show $4,000
Blu. Wheat and Flour.

Minneapolis Chamber of Commerce, Sept. Go
The possibility Of strike in the Minneapolis
70 Hour mills is the important consideration In
the speculative wheat market. 1t is figured that
this would bear upon wheat prices In all specu-
here, aud every Minneapolis trader thought of
the possibility of this as factor, upon the first
announcement OF the diSatfeCt1On among the
men. But Chicago had active corn market.
and sensational squeeze in September wheat.
and with interest conferred In these things the
rise of a labor controversy in the milling trade
Of the northwest was passed over as of minor
importance Now that the markets have turned
quiet speculative interest Is light and the
general grain situation bare of anything new of
Important influence. the northwest strike posi-
bility is beginning to loom up more and this
morning brought the first of bearish talk from
outside markets with this q basis.
Just how serious would be the effect of the
closing of the Minneapolis mills is question
depending too much upon conditions accompanying
This closing to make an analysis Of it of value
at this time 1t is safe proposition. however.
that the closing down Of the mills for any length
of time, in this early part of the spring wheat
crop movement. would not help prices any But
there is strike yet. and In the opinion OF
local traders 1t is about an even chance that
there will be none. Nevertheless. Chicago
thought this thing important enough to-day to
anticipate. and 1T reported that consider
able of the long December wheat sold there was
pn fear Of it,
!. There was another quiet opening and another
Dragging market with no changes of Importance
to noon. December wheat opened at 6o'A ~
65Kc, sold to G5Ac, and then
went ND to 6GMG6hc. Receipts in
THE northwest s65 against 904 last
year. Minneapolis getting 421, against 400. and
Duluth Al, against 400. Primary points had
1,3O6 900 bu. against 1.26S. 600 bn last year.
and shipped 1862, 600 bu. against 10000 bu.
chicago had 40 cars Of contract grain. Liver
pool dipped little. closing HMHe lower. Ar
kentine shipped "a 900 'bu for the week. against
none last week and 104 600 a year ago.
\ Wheat and -four clparances showed good to-
tal, equaling 100 600 bu
! The Modern Miller says: Seeding of winter
wheat has progressed to stage where the per-
eentage in the ground is fully equal If not in
sexcess Of the average sown at this season Of the
wear. In the southern portions of the winter
wheat belt. notably in the southwest. the plant
is up and growing nicely. Continuous rainfnlls
have 1nterfered with farmers deliveries of wheat
lin sections
The market frmed up toward the end. De-
cember selling to GGHc and closing at 66h %
s6Ac. May closed ut Csc and September at
f65sc.
A fair outside demand felt in the cash
market and of the good wheat taken
to- go out. The market held firm bids Of
BIC December for No. I northern wheat.
which moved the bulk of that grade at 6S1ac.
Some went at CSC early business. and
later sales brought 6S&ic. The No northern
ranged from Gee to G61ac, with almost every
thing at the first figure. No 3 brought GlM
65iac, the latter price for choice. Rejected
wheat sold from &c to 81 pc and grade from
64c to 5Sc. No. 1 hard brought Goa COLO for
few cars. No. northern to arrive sold at
67&c.