The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-22
Wheat Dragging Along in the Usual
Marrow Range Of the
Holiday Season.
Liverpool Will Close From Wednes-
day Next Until the Follow
ing Monday.
/ Meanwhile Bad News From Argen-
tine Would Affect American
Markets Independently.

Minneapolis Chamber Of Commerce, Dec 22--
The grain markets opened up the week with
everything, to Indicate quiet period to come.
4 Unless something shall develop more important
/ than anything now In sight no very wide price
changes are looked for The Argentine weather
Is important influence, at the moment. A
turn for the worse in Argentine CONDITIONS Wonid
be the basis for increased strength but failing
In this. the trade looks for a quiet market III
wheat, with prices in narrow range. AS Christ
mas comes this year Thursday, and MS the
English grain markets always take long hOli-
day at this time. there will be nothing from
Liverpool Aondon from Wednesdays close
until the following Monday. The effect of Ar
gentine cables to Liverpool ard then to the
American market will be lost. and the American
/ trade may lay back and wait for the Liverpool
opening the following Monday to indicate
sentiment abroad. but If direct cables to Ameri-
houses should bear information Of a. bad
turn below, our markets might advance inde-
pendently at holiday time. they did last year,
and get the start Of Liverpool. At the opening
this morning however, there was nothing in
sight to indicate much of activity inter
est. Minneapolis May wheat was fraction
frmer. opening at 75AD75ssc. The market
! held in range of Nc for over hour Liver
pool opened unchanged. but on second cables was
u @ssd up. closing firm and at the high point.
No. 2 Kansas hard wheat quoted sc higher
! In Liverpool. Private cables to American grain
| houses said the Manitoba wheat arriving In
!iverpool was not showing up we'll could
be desired. and some Of 1t shows the suspicion of
being frosted The regular public cable of
Rroomha]l took notice Of this.
4 In Minneapolis 1.054 cars received.
against $40 last year. and Duluth had Is cars,
against 1872. total for the northwest of i ,O72
/ cars, against 791 cars last year. a gain Of 2s1
cars. At primary points receipts were 1924,
600 bu against $4,000 bu last year, and the
shipments ZOO bu. against Ill 900 bu. The
visible was surprise. the increase of SOS 600 bu
being less than expected. This brings the total
to 4S.S16.OO0 bu.
For last week worlds shipments totaled $500
600 bu. against s.497, 900 bu in the week pre-
vous and 7.565.ooo bu year ago. America
shipped s,256,Ooo bu, and Russia 1,s1e, 900 bu.
(; The Danube ports sent out 7120oO blu and Argen.
tine 126.00O bu. India shipped $4,000 bu. The
quantity on passage, at 1876 900 bu shows a
decrease for the week of 1852, 900 bu.
Clearances We're again light, showing only 264
600 bu wheat and flour. f. -.
The market closed quiet and firm,- NJ ay al
1910. - o. : =
The cash market not active as sellers
could have wished, and while there was gooG
demand for the choice stuff and some trade or
arrive, the medium and low grades were not vel
cleaned up and some lots were carried ovel
unsold. No. hard was about &c under May
and No: 2 about 21ac under. There was demand
for choice No. 8. but some of the common stun
unSOld late H.