The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-02-26
The Market Holds in q Tight and
Marrow Range Through ,lr g the
Il { Session. 81
Some Interesting Figures Bearing
Upon the Supply Situation in
Australia.
Predictions That That Country
Would Need Much Flour Are
Substantiated.

MINNEAPOLIS Chamber of Commerce, Feb. "a
Wheat continued SLOW and draggy through the
eary part of the session this mt rnng and. there
was no more trade and no more interest shown
tlan yesterday The feature was a little strong
er feeling that carried May up to 765sc.9 Little
came in the way of news encouragement. & La
holders and the news was of an Indifferent ma
ture, with the same tinge Of bearisiiness shown
for week more The situation here. is
about the same, the underlying feeling being one
of strength based on the cash demand. moderate
receipts and the general supply outlook in The
ncrthW est May wheat held to neon at 1855 ar
76lac Liverpool I'D up at the close, bu.
In Paris there was surprising break that
startled the trade at first. Paris was OF 90
confines ut first, closing so confines lower
but this was on February wheat only. The little
corner in February in Paris appears to have gone
to pieces with smash. Not much came from
abroad aside from this. r4ocal receipts were 2l2
cars against %6S and in Duluth 81 against pa.
Primary: receipts We're. 800 0s0 bu against 65G.-
600. and shipments t21 900 against 900 bu.
The reports from the winter wheat Territory are
good. The Price Current says the wheat c0n6i-
ton is maintained. Snow mostly. of. Plant
generally we'll rooted to withstand March wealth.
or Interior grain movement moderate Corn
Eupples in first hands and elevators liberal, but
quality poor. Ht aFfS. 81
Wheat end -four cearances cGnaled "a 900 bu.
The German yield is estimated to show 10.
Ono.ooo bu more than 1901 in Prussia. The year
1901 bad year in Germany. r3
Much has been heard of the Australian situa7
ton. The current number of tic Northwestern
Miller gives the most complete statement vet
printed. embodying extracts from the Millers'
Journal of Australasia. The situation is briefly
that Australia in ordinary year requires 26, :
0Go. 600 bu Of wheat for food and seed. This
year she requires 10000, o0G bu, there has
been much feeding of wheat to save stock. To
meet this she raised according TO estimates of
her own authorities total crop of 16000000 bu
so that she began the new season facing deficit
of 14.000. 900 bu. Much -four and wheat has
gone in from other countries. but her wants are
not yet supplied by more than about half. AS an
illustration of how Australia was hit by the
drought of last year, the yield in New South
Wales may be taken. This province raised in
1901 Ii. 1855 900 bu. and in 1900 16,1I3.OUo b,I.
Tho final figures of the last yield have recently
been put out, and they show total of only
3.5oo.Un0 bu. : In Victoria. it is said the showing
even Within two weeks, says the
Northwestern Miller the mills of Minneapolis
have sold 900 brls of flour to to Australia.
Australian mills fluid it less profitable to grind
the imported wheat than they had expected. and
until the crop comes in exports from our
country to Australia are likely to- run more to
-four than to wheat.
The market closed unchanged from yesterday
on May and only &c off on July. -
Good inquiry noted In the cash market
prices much the syesterday-- Local
milerS We're good buyers anu were Quick 10 take
tho elevator wheat 0feredson the cash tables at
satisfactory priceS. 4 s.sa