The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-29
Many Things in the General Situa-
ton Are Of a Nature to Cause
Strength.
But the Movement Of New Spring
Wheat Is the Uncertain
Factor.
Until Traders Can Make Up Their
Minds They Prefer to
/ Go Slow.

Minneapolis Chamber OF Commerce, Aug.
29-Better weather in prospect and big re-
ceipts on Monday were the bear arguments IN
wheat this morning. Against them 1t was a
hard matter for the bulls to make much head
way and while the market worked up fraction
ally at times It was only to go down again
on their contention that conditions generally
are strong Cpd higher prices Will be recorded
later on. fhe bears at the close were con OF
better and with larger receipts and fine
weather next week will sag; For the fine
ceipts on Monday, no one pretended to know
how heavy they will run, but yesterday and
to-day 1t was noted that the bears were en-
phasizing this as probable depressing in
took it up and the wires brought reports Of
buyers there holding off on expectation Of
a heavy run of new wheat into northwestern
markets. The matter has certainly not been
such as to indicate a heavy movement, but
1t is possible the effect of the rains, In this
respect. may not be seen for some time yet.
er at 82Ac. and the bulls worked It to 821ac,
but it fell again to S1Ac, closing at size.
There was no enthusiasm at all 2. and little It'll 3
played for regular end OF the week burst,
but they consoled themselves with the argu-
ment that the break will como on Monday all
this expectation. The bulls appeared rather
more confident than ever since the market
had held up against week and selling, and
SO the session closed with all waiting for
Monday to tell the duration of the next turn.
! Minneapolis secured 292 cars. against AZ.
Duluth IS, against 33, and Chicago $50 against
261 Kansas City had~161 cars against 154,
and st. Louis $4,000 bushels against 208, 900.
Local stocks decreased by 161,730 bushels
leaving the present total only $50, 5SS bushels
Primary receipts were es2 900 bushels: AGAINST
e51 900, and shipments 199, 900 against 799, OO0
Liverpool closed I'D lower.
Baltimore had good flour trade and St.
Louis sent report of good -four sales to Eu-
port and wheat and flour cearances without
New Orleans eaualed $4,000 bushels;
Snow wired as follows Game thru Red
water standing in low fields, shocks begin
ming to discolor;. began raining again about
dark last night" Lewis had the following
Henry Gotzian at Emerald threshed 1875
Thursday yield 1Sse bushels or be-
This piece looked good for twelve to fifteen
bushels. This is the way the wheat away
from the valley will turn out"
. The weather map shows improved condi-
had trace; Moorhead .26 inches. Scattered
showers in Iowa and Illinois. storm NOV
ing east over Indiana and Ohio and eastward.
Temperatures slightly higher for north
west and lower over corn belt.
The forecast follows: North Da-
kota, generally fair, rising temperatures.
south Daketa fair to-ngh cooler
Nebraska, fair, cooler tonight. warmer
Sunday. Kansas. fair, warmer Sunday.
Missouri Illinois, fair, cooler. Indiana,
threatening and cooler.
December closed 7sT @soc, and May At s21sc.
The cash demand was good and prices
SAC for new, and at ssS@s7c i for o is.~' 20