The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-09-12
Cash Wheat Advances &c, December
Gains 1876 and September
Touches $3.50.
Chicago Holds Back Little Doubt
That Quality Has Been Low
cred Seriously.
The Quality Is Also Reduced-No
Prospect Of Relief-Frost
Predicted.

Minneapolis Chamber Of Commerce, Sept. H.
heavy downpour over the northwest and pre-
dtctions Of flosts for Kansas and Nebraska put
strength into wheat this morning and brought an
advance, December selling early to SOAc against
the close yesterday at 79Ac, and September
jumping to SEC. That the northwest has been
hurt by the wea ther does not admit OF
doubt, and that the situation in the northwest Is
extremely bulish is patent. The same conditions
of light stocks and insufficient supplies still re.
main, and this week there was decrease OF
lU9412 bu, bringing the total down to III, 266 bu
Winter wheat is coming in here in considerable
quantity aud yesterday there were $50 cars win
ter and almost much to-day. This makes
the daily figures u little misleading. To-day
minneapolis had $40 cars against 346 last year,
but if the winter wheat receipts be deducted the
showing is not much over last year The country
roads are bad everywhere; thresh1ng operations
seriously delayed, and now comes another general
soaking rain making the situation much worse
and cutting the total crop-both IN quantity ana
quality. 1t is time for the bull to get active,
But Chicago will not bull. Chicago holds back
persistently. The southwestern situation looks
bearsh to the Chicago talent, and all the chicago
traders will say Is that wheat Is now about" l3c
over last year and there is good export de-
mand. Other conditions are ignored. Many trad
ers here believe that Chicago will finally come
into line. lndica tons to-day are for continued
rain over tonight and Sunday, and cooler wealth
ter and possible frosts in the west and southwest
Duluth had 237 cars against 2ss; Chicago al al
against 256; Kansas City $50 against 1873, and
St. Louis 9S,O 900 bu against 153, 600 bu. Primary
receipts 100000 against 1,16e 900, and ship
ments 534, 900 against 57S, 900. Wheat ana nour
elearances 272 900 bu.
Liverpool closed u M sd lower.
Broomhall estimates that worlds shipments
next Monday will be $500, 900 bu, Of which Ell-
rope will take about 5000 900. Eie predicts there
will be moderate changes in the quantity OF
breadstufs on passage to the United Kingdom
and the continent. Arrivals Of breadstnffs Into
the United Kingdom during the past week about
1000, 900 bu, against 1850, 900 year ago.
Forecast: Illinois and Indiana-Showers TO-
night and Sundty. Observation-Disclosures tonight:
Sunday fair. Lower Michigan, Wisconsin, Mime
sofa Iowa and South Observation-Disclosures TO:
night and Sunday. Upper Michigan and North
lDakota-Rain tonight and Sunday. Nebraska
Showers tonight; cloudy Sunday; frost tonight.
Kansas-Cloudy tonight, with frost; fair Sunday.
The market turned quiet later and near the
close was marked by light trading. The outside
grain markets followed orly in part and Chicago
would not come UP with any alacrity. Near
the close some bearish gossip came from large
Chicago house and there was general disposition
there to ignore the northwest conditions.
September wheat after selling to S61sc, closed
ut S5Hc. December closed at SOS @Slc and
May at s31a @s3Ac. IVA,
The cash market had sharp advance. WITH
the reports Of damage in the northwest came the
demand for choice wheat and the No northern
sold from S6Ac to 81 4c, or almost &c over yes
terday's average. No northern sold from $50
to s3Nc for the average. No. 8, rejected and NJ
grade sold low except for selected lots showing
quality.