The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-04
Foreign Markets Fail to Respond to
Bull Enthusiasm on
This Side.
This Weakens September at First,
but the Market Turns
Strong Later.
Bad Reports Are Still Coming, but
the Weather Has Turned
Better.

Minneapolis Chamber Of Commerce. Aug.
4.-Wheat had little down turn to start
the day and then an upturn and TO lilo
haG covered the range from the opening
at 1850 for September to 791sc and then
back up to 1880. Here a furry of short
covering put it to S0Ac where it halted
and held firm. The cause Of the early
sag was the Liverpool cables which came
in rather disappointing. With Liverpool
closed Tor a three-d day holiday our market
had gone along Independently and it was
to be expected Liverpool would catch our
bull enthusiasm at least in part. But the
/ first cable showed Liverpool unchanged,
and while an advance Of Esd was shown In
the second cable. the close was only 80
" up while on corn Liverpool was 9sd
lower. Paris closed easier. Locally there
were reports Of bad conditions in Mime
sofa and North Dakota largely repetitions
of former bad reports. Minneapolis had
121 cars against ia. Duluth 2S against
Z, Kansas City 1876 against 342, Chicago
1873 against 1863 and St. Louis 1890 bu
against $50, 900 blu. Primary receipts were
837, 900 bu against 1,295, 900 and shipments
$40 900 against 1924, 000
Winter wheat is beginning to show up
here in quantity and this morning 127 cars
were in. Speaking of the winter wheat
demand the Record Herald says that Min
neapolis millers made large purchases of
hard winter wheat yesterday in this mar
ket of those firms who operate in the
southwest. Yesterdays transactions were
about $50, 900. 1t is estimated the Mime
apolis people have bought so far on this
crop between two and three million bu
of hard winter wheat from the southwest
handlers. ..... ...
Minnea polls stocks have decreased 28, 600
bu so far this week. )
The Missouri state report was bullsh on
corn. The Iowa crop report issued to-day
reads in part as follows: ''Threshing OF
wheat, oats and barley is In progress with
somewhat variable reports as to the yield.
Generally, however, the output Of spring
wheat and oats is reported to be below the
average in amount and weight of grain.
The corn crop as a whole has made fairly
good progress. 1t needs warmer weather
In the future and is now in condition to
mature with but little additional mois-
ture'
The weather map shows considerably
higher tempera lures; rains in Manitoba,
North Dakota, Minnesota, eastern Iowa,
North Illinois and Ohio valley. Clear in
southwest, in Kansas Missouri and Ne
braska. Conditions favorable for corn
and decidedly favorable for grain move
ments in southwest Perhaps too much
rain in spring wheat states where harvest
ing is under way.
Bradstreet's figures for the change in
the worlds visible supply showed decrease
of 1915, 900 bushels compared with de-
crease OF 2,152,0 600 bushels year ago.
In to-days figures the quantity east OF
the Rockies shows an increase Of 1857, 00C
bushels, but the quantity in Europe and
af1oat shows loss Of 100000 bushels.
Wheat and flour clearances, 213, 00C
bushels.
The market closed on squirt to S0A
@S0Bc, closing firm at high point.
The cash market was active and No
northern sold on a range of a cent from
SIC to SSc. No. northern brought S41ac
to SEC for the average.