The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-09-04
September Makes Sharp Decline to
32ssc, But December Sticks
Fast at S01%c.
The Weather Outlook Over the Long
Holiday Observation-Disclosures
Predicted.
Receipts Still Very Lght-An I'm
dertone of Strength in
December.

Minneapolis Chamber of Commerce, Sept. r.
Better weather in prospect lack OF new buy
ing orders and the selling out of small lots be-
fore the three-day holiday bore heavily upon the
wheat market this morning. Prices were hard
to maintain and both September and December
sagged of. A firm undertone was noted, but no
particular support against the selling. Early
liquidation put September to S3Ac and December
to S04c. Chicago bear traders were inclined
to use the estimate of B. F. Howard, OF the
Daily Trade Bulletin, weapon, but the mar
ket was really too dull and inactive to show
much response to any Kind Of news. Howard
has returns from the three states which he
figures yield of 1873, $50, 900 blu for Minnesota
and the Dakotas. The report Of Secretary
Rogers of the Minneapolis Chamber, shows coun-
try elevator stocks, on Sept. 1, 0e,216 bu, a
gain Of 49,. 900 bu during August. Last August
last year, 1,174,O0O bu. Wet weather is the
principal cause assigned for the smaller gain
this year. but the report also notes something
of disposition to hold wheat In expectation
Of good prices. Minneapolis elevator stocks will
show small increase this week, probably not
over 20, 900 blu.
The prediction Is for fair and cooler, weather
tonight and Saturday. and frosts are predicted
for Minnesota. Last night the Canadian north
west had some low ranges. the Thermometer at
Regina dropping to 80, and there were frosts
over a wide area in Manitoba. Winnipeg wired
that 1t is current opinion there that very great
damage has resulted, altho some wheat will, no
doubt, be lowered in quality. Frosts again to-
night might do more serious damage. Bismarck
had a touch OF frost and some traces were noted
a little further south. Nothing alarming re-
suited last night and the frosts were effective
only in creating more general feeling Of
nervousness In the trade, which is shared alike
by nax, corn and wheat traders. Attic the
prediction last night for frost in western
Minnesota, 1t was evident that with cloudy skies
and rains the prediction could hardly come out
at least in a damaging manner. But to-day
there the prediction Of frosts and the
prospect of clear skies. Watson had advices
from winnipeg to the effect that In Manitoba the
wheat is about all cut, but in the territories
there is much Of 1t that would be greatly dam
aged by frosts. Mcwilliams wired Denman
johnson that the northwest territories would be
hit hard by severe frosts as harvesting work in
Liverpool closed I'd lower
Only six cars Of wheat turned UP in Duluth
against $50 last year. Minneapolis also had a
light run. only 1e1 against 2ss. and Chicago had
against 90, and st. Louis III 900 bu against
J204, 900 blu. Primary receipts 717,0o0 bu,
against 0s2, 900 blu, and shipments 200, 900 blu,
against $4,000 bu. Wheat and -four clearances,
Argentine wheat shipments, 456. 900 blu, against
10000 blu last week, and r.. 900 bu a year ago
After noon the market weakened on reports
that farmers deliveries of wheat in the country
are increasing, especially along the line Of the
Northern Pacific.
The Modern Miller says little winter wheat i.
moving to market except In the southwest. ant
that is mostly Of the hard variety. southwes
tern IRillers are drawing most Of their supplies
from the more northern sections. Flowing fo
fall seeding Is generally progressing favorably
and Is we'll advanced.
Twenty loads reported for export.
Near the close September broke to s25sc, o.
INC from the top. but December held at S01ac
closing s09sc. September closed at s2Hc; May
s3c.
Afillers good buyers of top grades to ar
rive. Some round lots were traded in No.
northern to arrive sold from S4ac to S5Ac, ant
No. 2 to arrive from S3Ac to SIC.