The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-04-14
Still Hesitant and Undecided, They
Follow Every Move of the
Armour Man.
Some New Strong Points Developed
To-day in the Local Supply
Situation.
The Market Advances Near the End
and Closes Stronger and
Higher.

Minneapolis Chamber of Commerce. April IT.
The bulls in wheat had number of things
to help them out this morning. and in conse-
quence a stronger and moderately higher price
range WAS maintained following the opening:
The weather was cool over the southwest ana
low enough to bring reports of freezing tempera-
lures from scattered points in Kansas and Ne
braska. This made the wheat shorts nervous.
There was besides, map showing rains IN Ne
this tending to delay the seeding of coarse
grains. Stocks of corn in Chicago private ele-
vators fell off by ,6:;3, 900 bu and oats i'll prl-
rate Chicago houses decreased 63l 600 bu. The
consequence that and oats were higher
at the opening, which was sustaining to wheat
In the local market the statistics Of the day i'll
wheat proper bullish. Only 62 cars came
in, of which As were winter wheat. or the 81
in yesterday. l2l proved to be winter wheat
There were taken out OF minneapolis elevators
decrease far about 100000 bu. As the total
stock here TO start the week was 12s'4'3lo
hu, it is likely the total will be under the
12 600. h0O-bu mark when the final decrease for
the kis figured up.
Minneapolis May opened at "a &c, sold to 74as
GA &c and fell back to 135sc by noon.
After the long Easter holiday the foreign mar
kcts opened without much Of Importance in the
way of new development; Liverpool was I'M
changed at FIRST and sd lower at the close.
Paris was 1O0p15 centimes higher. Broomhall
cabled that the trade there has been watching
the Chicago market. and that fear of Armour
side.
The local traders would give good deal to
know the exact stand Of Armour. In reply to
inquiry along this line Stephens bad the fol-
lowing this morning from Logan Of Chicago:
lone circumstance which makes wheat traders
incredulous Of any intention the part of Ar
to n deal in July wheat is the fact that
the Texas crop bids fair to be the largest on
record 1t will be harvested early and must be
marketed early. there no facilities for
storing wheat in that state. Unless export de-
mand is prodigious, good part Of 81, 600, 600
hu and more of rod winter wheat would be at
tractcd here by any unnaturally high premiums.
A great deal of Texas wheat was brought here by
Richardson two years ago when there was no
such incentive. and most of 1t graded contract.
1t is claimed Texas wheat will be clearing
from Galveston in May prospect of early
harvest A Dallas grain firm wrote local cor
respondent that condi tons of the growing wheat
crop remain about perfect and. unless there Is
some disaster between now and harvest, Texas
will harvest bumper crop of wheat.
At primary points receipts 3O3 900 bu
against ;51 900 bu last year, and shipments '57
600 bu. against 367 900 Minneapolis had 6.
against - last year. Duluth had cars
against . cars. Wheat and flour clearances
e,uaed :2S 900 Blu.
The worlds visible decreased 2.4S1 900 bu
according to the Bradstreets report Vast OF
the Rockies there decrease of 1881 .0Hf
bn. Offset In part by an increase of 100000 bu
in the quantity in Europe and afoat.
New York reported 80 loads for export
Near the close the market strong o,
good buying of Chicago May thought to COM
from Armour. Minneapolis May closed at "a &c
July. "a @74tsc; September, 81 12M67Bc.
There was scarcely enough wheat offered Il
sold at 212c over May for average and No.
1np