The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-10-06
Rains All Over the Northwest and
More Rain Predicted for
Tonight.
Duluth Gets Big Run, but Other
Markets Receive Only Mod
crate Quantities.
Cash Wheat Sells Off-The Worlds
Visible Increases by H.
92s,000 Blu.

Minneapolis Chamber Of Commerce, OCT
6.-A low barometer over the northwest
with rains general and the prospect Oh
more rain to come turned the wheat mar
ket very firm this morning, December SELL |
ing up to 1850 early. Some or the shorls
covered and a number OF new buying Or
ders came in from the outside. Minneapolis
and ST. Paul were the firmest markets,
St. Louis gaining a cent. Local STOCKS
have increased $50, 900 bushels, not quite
keeping pace so far with the increase last
week to this time. The receipts showed
nothing big with the exception OF Duluth
where there were 742 cars against 344,
but this was not very bearish in effect for
the reason that the estimate of this morn
ing's Duluth receipts, made yesterday,
was 1000 cars. Minneapolis had 3S9 cars
against 479 and Chicago 113 against 107
In Kansas City the receipts in bushels
showed 900 against 1000 and st.
Louis had SO 900 against 100000. Primary
receipts totaled $4,000 bushels against
1,771.OOO and shipments $4,000 against
756,OOO Wheat and flour clearances
equaled 900 bushels.
Bradstreet's report Of the change in the
worlds visible, showed an increase of H.
$500 bushels. and on this the market
eased off from high points and considera-
BILE selling developed. East of the Rockies
the increase is 4,O2S,000 bushels and in
Europe and af1oat there Is an Increase
shown Of $500, 900 bushels.
The Illinois crop report was rather bear
ish but the Missouri report was rather
bullish and the Iowa report which was an
important influence reads as follows: The
past wetk was slightly warmer than usual
with an excess of cloudiness and rain in
large part of state. About half the week
conditions were favorable for drying out
well ripened corn and the belated portion
of crop made fairly good progress toward
maturing. The greater jart Of the corn
crop made fairly good progress andis now
matured and with normal drying weather
goodly portion may be dry enough to be
cribbed by the 18th to Goth of October.
The output will be unusually variable,
ranging from less than half an average up
to some record breaking yields. The quail
ity and value for feeding and commercial
purposes will be materially above the
much larger total Of 1902. Reports indi-
cate that for the state at large from ten
to fifteen per cent of crop Is still green
and immature, exposed to some measure
of damage by killing frosts. A week OF
dry. warm weather would ripen a consid
cradle part of belated portion of crop
tho at best there Is likely to be somewhat
more than an average percentage of soft
and understandable corn in the output OF
this abnormally wet and cool summer.
Weather map shows rains in the Cana
dian northwest, Minnesota, Iowa, southern
Illinois and Ohio valley. Generally cloudy
this morning with higher temperatures al
over the country, extreme north ant
northwest is generally cloudy. South anc
southwest generally cloudy. Ohio vale,
part cloudy. .g..sesEF.
Broomhalrs weekly foreign crop sum
mary: #r:
United Kingdom-Much Of the new
wheat in poor condition. H.
France-Weather during the past weel
has been favorable for fall seeding. Sup
plies of wheat are fair. - -..-,..
Russia-The long drought has been par
italy broken.
Roumania-The drought still continues
India-The recent weather has been IA
Vorable for seeding.
Observation-Disclosures the recen
deterioration the potato crop will be a me
dium one.
The market held up we'll and at tn
close was 76Bc for December and 1878
tic for May. fair gain for the day.
There was much dissatisfaction in til
cash market. Prices were easy and som
sellers. rather than let go at Decembe
price for No. ?, or at &c over for No.
carried over their wheat. The low grade
dragged, along with the good lots. Dl
luth had a good market and sellers hel
were not disposed to sacrifice lots to me-
the depression where they could avoid
For that reason much wheat was held @
the market and in consequence the rams
of prices was better than would have bee
the case had all the wheat been offere
and the market really weaker In tol
than the figures reported on sales won
indicate. g.. -,,.