The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-01
The Modern Miller and Snow Had
Out Strong Reports as to
Winter Wheat.
Country Elevator Stocks Only $685.
600 Bu.-The Foreign Markets
Strong and Higher.
Receipts Light-Local Stocks De-
crease 100000 Bu.-Good
Export Sales.
Minneapolis Chamber OF Commerce. May

Minneapolis Chamber Of Commerce, May L.
The new month opened up in wheat with a strong
market and prices firm and apparently tending
higher. During the early part of the session
there "A number of upward starts, and by
prices had worked UP about half cent.
Several important items of a nature to produce
strength came out not the least important Of
which was the report of the secretary of the
Minneapolis chamber to country elevator
stocks in the northwest During the month Of
April these country stocks fell off by 961. 600
bu leaving only sos. 900 bu, the lightest stock on
May for many years. Last year. on May l.
there were 1.43o,000 bu; two years ago, 2,ooo,0OO
bu; three years ago. 4.218 600 bu and four years
ago, 3, 1850. 600 bu. With this the regular
weekly report of the Modern Miller, which
bullish. The Miller says that reports are conf
ing from many localities indicating material
change in the heretofore exceptionally promising
appearance of the winter wheat crop The
plant, it Is stated, has lost its green, healthy
look, having changed to ycllowish or reddish
hue. The growth also is apparently being
checked and the plant is becoming spindly. This
change Is charged to adverse Influences of in
sects and unfayorable weather conditions. These
reports from the central regions Of the
winter wheat belt east Of the Rocky mountains.
The extent Of the damage cannot be estimated
at this time as the present unpromisinS appear
anee of the plant may be recovered by favorable
weather conditions. ELIZA
The foreign tone was strong: LIVERPOOL
opened I'D lower but came 1sd higher later;
then 13sd higher closing ~ higher. Liver
pool stocks. at 1,114.O0O bu, show decrease of
776000 bu last week. -.. 49, ~
says that the past week has been unfayorable
both for farm work and plant growth. Little
progress WAS made In blowing for corn and
some oats vet unsown. Freezing tempera-
lures far south Kansas and Missouri are
calculated to start wheat damage complaints. but
actual injury will occur only where the plant is
iointed. This exists to some extent in Kansas,
but the percentage of the crop thus far adj
vanced Is very small and the total damage to
the crop will not be large.
rs In the local market deliveries to were
reported to be about 500, 900 bu. and were e3-
"A pected to run somewhat heavier in the final
figures. .....
Minneapolis received IA cars. against 900 cars
last year and Duluth had cars, against %.
At primary points, receipts 3S3OOO bu.
against 1856 900 bu, and shipments 202. 900 bu,
against 225. 600. Wheat and -four clearances
equaled 800 900 bu.
At noon the market very strong buy
ing in Chicago said to represent country business
from the southwest.
The local stocks will decrease about 1000,
( 600 bu this week.
i Duluth had 81 loads taken for export and
5 New York reported % loads.
At the close the market was strong and show
! ing an all around gain of about 6sGs.c for the
day, May closed at 747sc, July at 75s4c and
September at, 69kc.
! Local millers were practically out of it this
; morning and the cash wheat went to eleva tors
outside milling companies and the cereal mills
There a fair demand at first and early sell
4 got better prices relative to May, but later
I sellers made up this difference by the stronger
option. No. 1 northern sold at 763s arc. ant
|. No. northern from IS lac to 76c, with 1884,
paid for lots to arrive.