The Minneapolis journal., 1903-04-30
But How Seriously Has Yet to Be
Determine Reports Are
Conflicting.
In Minneapolis the Two Options
Widen, May Declining and
July Closing Higher. s.r
AL the Trade Waiting for Further
News From the South
west.

Minneapolis Chamber Of Commerce. April, 3d.
Wheat made show Of strength at the start
May opened stronger and higher at 141sc, but
WAS down to 14ssc in short order after a little
selling had begun. The trade was all mixed
on the weather In the southwest and 1ndecision
was the feature. It evident the cold
weather had hurt the wheat in some places and
had not hurt 1t at all In many other localities
age there. while Great Bend wired that it
froze hard around that point and some of the
wheat was black. The weather map showed con.
tinued cold in the northwest with scattered
SHOWS. Lower temperatures west and south
west. Rain or snow everywhere except in the
Ohio valley. Showing as far south as Missouri.
In the extreme north and northwest. it was
partly cloudy and is to % degrees above. The
west and southwest was partly cloudy In Iowa
snow was general in Kansas clear and on the
Pacific coast clear and 80 to 52 degrees above.
With this there the prediction Of rain turn
ing to snow and freezing for Illinois. and for
Missouri. Wisconsin and Michigan rain and
fair weather. and for the entire west and north
west rising temperatures are predicted for Fri
day The market hangs Oh the southwest news
and will respond to anything of a strengthening
nature. but traders are in hurry to get long,
fearing that many will take the long side now
and that setback will follow II no bad re-
ports come and the longs begin letting so. There
til this. however d S''''S '"''''''S aS''s '''''
Not much news came from abroad. Liver:
pool closed u I'D higher. Broomhall cabled
that, affected by the closing steadiness In Amer
lean markets yesterday. wheat opened 1sd high
er. There was very little trading in May apd at
1:3O that month showed 1sd decline. July. on
the other hand. frmer with light offerings
the main factor. causing a slight gain of sd
during the morning. {
Corn opened I'D higher. with scattered cover
Ing the principal feature. The offerings were
small. causing further gain of sd In July
later.
The Price Current says OF conditions in our
country that the drawbacks to the growing wheat
are slight. The fine condition is not materially
changed. The oats acreage Is less than con-
templatAd early and has not a good start.
large is contemplated. but prepara
tion Is backward.
Primary points had ~ 900 bu. against $4,000
bu last year, and shipped $40. 600 bu. against
221 900 bu Minneapolis received So cars.
against IFS cars. and Duluth IL cars. against
none Clearances were small only 1o4. 600
Near the close some very bad reports began
coming In. Atchison sent some very bad news,
hut there was conflicting news even to the end.
BY Tomorrow the trade will be able to tell
whether there has been serious damage or not.
: The feature here the widening between
July and May. July strong and May weak.
1t is expected that deliveries tomorrow will,
heavy has been predicted heretofore and buy
ers did not want the May. In consequence.
July made gain for the day. While May made
loss, July closing at 75@75mc and May at
4Mc. The difference is expected to widen still
farther. -.-
The cash market was not very active. nor was
there an especially good demand. On the
trary, some dragging was noted on many grades
No. / northern sold at 134c over, May No 2
northern at 1c over and No.: 3 wheat at '1@13c
hinder Nav.