The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-16
The Market Up Only Fractionally,
but Selling at High Points
at the Close.
$500 - = : - --.-----
Damage Reports From the South
west and a General Good
Cash Demand.
& Receipts Are Light-Local Stocks
Are Now Down to s,247,-
838 Bushels.

Minneapolis Chamber of Commerce, May Ia
! Something of strength came into wheat in the
early trading to-day. and small fractional ad-s
vance was scored. The market was as quiet as
yesterday except for the activity resulting from
\ the operations of pit scalpers who were anxious
/ to up for the week and were rather unde-
firm at high points, but Minneapolis dragged and
was not SO firm as st. Louis or Chicago. San
Francisco still has reports OF dry weather from
the state, and there no rain In Manitoba
except light sprinkle In places. There is the
/ forecast of possible light showers over Sunday.
THE weather map showed practically no rainfall
/ Nebraska and the Ohio valley. The tempera-
lures were higher. After the recent showery
conditions the fair and warmer weather was
the favorable condition for the grain belt. Pa
cihc coast reports were somewhat delayed. St.
Louis had numerous damage reports and on these
and the fact that st. Louis millers had heavy
acceptances of Hour from abroad over night.
that market very strong. Chicago wired
that considerable damage news was coming in
there from the southwest.
Shows report says: The week was the best
of the season The wheat condition is fairly
we'll maintained Some deterioration in Illinois,
but nothing like failure If all were wiped out,
the area would still exceed last year. Corn
planting is late. but the area is large last
year. The oats June condition is likely to be
under normal
Broomhall cabled that wheat opened inactive
and unchanged and remained unchanged during
the entire session. large offerings by importers
and the forecast Of heavy shipments Of wheat to
Liverpool having cOunteraCteQ the strong AHeE1-
can cables.
Corn opened unchanged. but during the session
steadied I'D on the forecast of small American
shipments. Paris weather Is fine, with mild
rain. Berlin. cloudy. Broomhal estimates the
worlds shipments of wheat for Monday at H.
100000 bu, of which quantity Europe will take
about 1O.4OO, 900 bu. He predicts that there
f will be moderate changes In the quantity Of
breadstuffs passage, both for the United
Kingdom and the continent. Arrivals of bread
stuffs in the United Kingdom during the past
week were about 8. OOO,O 900 bu, compared with
4 1900, 900 year ago.
The French chamber of deputies, at Paris, has
formally demanded a reduction in the duty on
wheat of over so per cent.
Primary receipts were 215,O0O bu, against
2s5, 900 bu, and shipments Al, 900 bu, against
10000 bu. Minneapolis received 81 cars,
against 81 cars last year, and Duluth II, against
9. Wheat and -four clearances equaled OOC
q bu.
Local stocks decreased by 1874, $40 bu, which
brings the present total down to 9,247,s3s bu.a
The market closed strong; July, 76Bc; Sep
TENDER. 69ss @ee1ac; May, 77Ac.
Outside millers were in the cash market and
there was strong demand for the little on sale
No. northern brought 2@21sc over July. No
= went at l u @11ac over. No. 8 wheat sold al
July price to &c under. n