The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-19
Weather and Crop Reports Favor
Them and New Buying Is
Coming In.
The Local Market Jumps Up and
Closes Strong at the High
Points.
Il ----------
Worlds Visible Decrease $4,000
Bu. Local Stocks Lose $780,
900 Blu. So Far.

Minneapolis Chamber Of Commerce, May To-
Firmness ruled in wheat in the early part OF to.
days session, The little loss of yesterday was
wiped out and the market held at T6Ac for
July and around 69S q 69atc for September, and
while there was not much new bull news and no
increased activity worth noting, the tendency
was firm all around. Receipts are still light
and In Minneapolis there is already decrease
of $50 600 bu in local stocks which would indicate
total of about $3.50 900 blu for the final show
ing II the nllers continue drawing at the present
rate for the remainder of the week. This IS
certainly very bullsh feature. 1t is not
only that the decreases are heavy, but they are
about uniform and steady from day to day. Re-
ceipts here this morning were q cars against
80 last year, and Duluth had 30 against ID.
The weather map showed further precipitation
over wide area with good rains in Kansas
and Oklahoma where needed. and too much
moisture for active work in parts of the north
west. But Illinois had no heavy rains In places
where needed and is still a little dry on the
whole Decatur, ILL.,, wired that wheat between
ST. Louis and Decatur stands only about II
inches high and is already heading out. A party
who has just returned having crossed Ohio and
Indiana, reports the same conditions there oats
in central Illinois are very poor and the crop
three weeks late. Waterloo, ILL., reports that
wheat now plainly indicates fly damage. A
great many fly reports are coming into Chicago
from different localities.
Primary points received 2s5,0oO blu against
24s,ooo. and shipped $4,000 against 211, 900;
wheat and -four clearances, 100000 bu.
Bradstreet's to-day makes the decrease In the
worlds visible supply 1894. 900 bu. East Of the
Rockies the decrease is 1904 900 bu, while the
quantity in Europe and afoat shows an increase
= Of 100000 Blu.
" Word came down from the Canadian northwest
tIat the grain men there are expecting sur
prise for the, outside trade when estimate
is made later of stocks Of wheat back In the
y country, and that the quantity will be light
compared with the. total hand on this date
In the previous two three years.
Broomhalls weekly foreign crop summary
reads as follows:
United Kingdom-Outlook less favorable the
weather being too cold.
France-Crops improving, but more hot wealth
er wanted still complaints of backward growth
and plant being thin.
Russia-Some important districts in the south
west still suffering from drought elsewhere con-
ditions favorable.
Ruma nia-Timely rains have fallen improv-
Ing conditions; prospects DOW excellent.
Bulgaria-Crop prospects excellent.
Hungary-Tavorable weather has improved the
outlook @s
Germany-Weather during past week satisfac-
tory; crop conditions improved
fs Spain-Weather too cold
Good demand was noted at the seaboard and
some 200, 900 bu were worked In the east, while
Portland, Oregon sold about 100000 bu to go to
japan
The market very strong and advanced rap
idly near the close July wheat closed at 171ac
and September at 7o1Ac. May closed at 1s1ac
( and December at 70Ac.
9. The cash market was very active and firm and
feature the demand for good milling wheat
to arrive The strength r the option developing
late in the session did not benefit early sellers
materially, altho the cash market was firm all
thru.