The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-12-04
NOT ENOUGH MOISTURE FOR WINTER WHEAT
The Modern Miller Notes a Deficiency
and the Government Report
Confirms It.
Ohio Condition, .73; Last Month, 81;
Last Year, .91-May Wheat
Sells Up to 82s4c.
A Bull Market Under Way and the
Bears Very Much Dis
turbed.

Minneapolis, Dec. 4.-Wheat hesitated
and fell off trifle in price this morning,
going a small fraction down in all mar
kets Minneapolis May sold early at SIC.
then eased off to S15sc, and appeared
to be tending a little lower. But before
the close the loss was more than re-
gained. The railroads entering Minneap-
Oils had ~ cars more in the yards than
last year. Duluth had just about the
same run, las against LAT, and Chicago
66 against 81, the three markets showing
757 against 643, or LA cars under. The
southwest had a heavier total, 81, 900 BUSH
els against $4,000 at st. Louis and $4,000
against $4,000 at Kansas City. On the
whole, receipts were not enough out OF
line anywhere to affect sentiment. Over
the Dakotas, Minnesota, Iowa and parts
OF Nebraska there were snow hurries.
The forecast is for fair weather tonight.
Liverpool was up A@1ad, which was
taken as responsive to strength on our
side, as there was little else to influence
Liverpool to strength, cash demand there
being reported poor, and the Argentine
reports Of fair weather and continued
good conditions. For the week Argentine
shipped 1900 bushels, against 272,O0O
last week and $4,000 a year ago.
Cash markets were generally weaker.
Duluth cash wheat was off, probably due
to the close of navigation and in Kansas
City the cash market was lower. But
Minneapolis held up well, the No. north
ern going at 1a4c over December for the
bulk and at &c over for selections, while
NO. 2 northern held at the December
price. Elevators were the best buyers
Cash business in Chicago yesterday was
$4,000 bushels, No. red wheat at AS Q
over December, In store, $4,000 bushels
low grade red and hard winter and 10000
No. l Northern. Sales of oats were $4,000
bushels The seaboard reported $50, 900
bushels of wheat, 72,0 900 Of corn and $4,000
of oats.
Broomhall cables Liverpool wheat at
the opening was affected by the strength
in American cables Of yesterday and prices
showed advances Of Nd and I'd. Later,
however, all months eased off 1ad owing
to the general apathy prevailing, which
was due to the lack Of speculation,
large stocks on hand ana a poor
demand from millers. The corn opening
quotations were va higher as the result
of covering by shorts. During the morn
influenced by the good buying for corn on
passage. Broomhalls Argentine agent
cables that wheat harvesting Is making
satisfactory Roadway.
The Modern Miller says: Complaints
are coming from large area of checked
growth of the winter wheat plant due tC
insufficient or entire absence of moisture
The reports come mostly from the centra
region, yet the latest advices from centra
and northern Indiana are that there has
been good snowfall, and snow Is also
reported in Kansas. General conditions ir
the southwest are satisfactory and goo(
rains or snow In the near future would
greatly benefit the crop and relieve pres
emit apprehensions of damage.
The government official record of No.
vember precipitation, issued to-day, show,
marked deficiencies In the upper Misss
sppt valley and the Ohio valley. In Hi
nois, Iowa, northern Ohio and Tennessee
deficiencies for November ranged from u
to over inches for the month. Some O.
the records show as follows: Cairo,
deficit of 2.12 inches; st. Louis, 20; Keo
kuk, 1872; Kansas City, 1.56; Oklahoma
2.11;5 Dodge City Kan. 81; Memphis
1.27; Columbus, Ohio, 1.29, and Indianap
oils, Eli.
The Ohio report shows a condition o
70 for winter wheat, against 81 last weel
and 81 last year. t5zi q,
Primary receipts were 1,O64,000 bushels
against sos, 900, and shipments were 65S, 00
against 953,0OO Clearances of wheat ant
flour were 427, 900 bushels.
Wheat, and flour clearances for TIL
week, 4,250,OO0 bu.
The market was very strong towards tn
close, May selling up to s2s4c and closinl
at 8215 @82Ssc. December closed at $805s
and July at S2@82bc.