The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-09-23
DECEMBER OFF AGAIN, SELLING DOWN TO IS 3.4C|
The Wheat Market Opens Steady
With Indications Of Strength
to Come.
But Near the Close Prices Break
Worlds Visible Increases
4,779,0oO Blu.
Milling Strike Expected by Traders
Local Stocks Gain 100000
Bushels.

Minneapolis Chamber Of Commerce. Sept. 90,
Wheat was stubborn again this morning and
hard to force. down. Yesterdays low points
the dip, and the general tone much better.
Lighter receipts We're the principal influence,
and the bulls took courage from the showing.
The Duluth figures positively startling,
with only 81 cars in against sS7 last year. Last
years receipts covered n forty hour move
one one Fifty. seven cars Of yesterdays Mime,
apolis receipts turned OUT to be winter wheat
against lis, and st. Louis io2, 900 Du against
as to make the bears little nervous at first.
but the effect of it was largely Offset by
hot in the cash market, was quite to be ex-
pected in view of the very dubious outlook for
Gpeptn the m sSo NTH no ON sgh5 aaa
night, the millers were not disposed to fill up,
and Of the big would not ot take sim
the cash market did not suffer very much consid-
ering everything; but the important point was
wheat would have been lost to sight whereas
the purchases to-day went principally to , ele
50 far this week have already increased by
900 900 bu. Outsiders have been watching the
fhe increase here this Week is likely to run close
to 1000, 900 bu has had bearish effect all around
showed no ars change IN Ssn I'll
and frosts are likely IN northern Iowa. IRIS
made the corn shorts cover and gave a better
feeling, but even 80, there was no bull snthust-
assn: = ,u.o, 30 .on,u- uo..u o,,uo,
terested to learn that there are, in Chicago,
repeating itself in the corn market" said James
Patten last night. II have been on the floor
and have seen a number Of frosts come in the
month of September which affected the corn. In
try who would report that no damage had been
done to the corn and on the contrary it had done
the Of 81 and dTs ner 5 nss
has occurred, the market has gone me- down on re-
BEING ereaaed af eday We ss n Getting
stronger reports to-day Of damage to the, corn
that this corn is going to sell materially higher
It. Is simply common sense to believe that u
Bradstreets report showed an increase Of
4,Ii90o0 bu In the visible supply. The quantity
doe S Quantity in Europe and 'a0at gained $780,
Broomhall oabled: Larger and cheaper Rus
sian offerings caused easy opening, and the
market was still lower later on very favora-
Die Rumanian crop report The Rumanlan Of
30; 100000 bu against e. 900, 600 bu last year
northwest and southwest The only rain shown
on on the entire map is trace in Manitoba. Con
movement and threshfng. There is decided
drop in temperature, and freezing thru part Of
the northwest. Up to m. there was no
freezing temperature In the corn belt, but indi-
cations are for colder. Temperatures about sea-
sonable thru the west and southwest but looks
as II the corn belt might get frosts tonight.
Primary receipts. 1, 235, 600 bu against / 500 900
ana shipments 6o6 geo bu against $4,000 bu
The market had a sharp break after noon
Statistics were all against the price and on
little Wavering many made haste to sell, Decem-
Der going to 75Mc and May to THO.
The close was easy, December at 75A arc;
May, IT'S 07Sc and September, Sc :,
Fket ale +oolr
wheat. the millers being out of it. No. 1 north
ern sold at S4@S41ac, and No. northern at
81 q MS2c for the average Good wheat sold
fairly well. but the low grades suffered in price
and some slow on sale.