The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-09-08
ALL THE NORTHWEST IS DRENCHED BY RAIN
Heavy Precipitation General-This
Makes for Strength in
Wheat.
But Corn Is Easy and New Specula-
tive Interest Lacking All
Around.
Minneapolis Gets 1857 Cars for
Four Days-Very Small Visi-
BILE Increase.

Minneapolis Chamber Of Commerce. Sept; s.
Three days of cloudy Skies with intermittent
rains and the fourth day coming in with condi-
lions uncertain eyer-such was the situation
In wheat this morning After the three-day holi-
day the speculative market opened firm and
active, with sentiment In wheat proper decided
~ bullish. But there was no advance, for In
the and gossip there the whole
enough later report of weakening nature to
Offset the early strength and hold prices in
narrow range about 1ac over the closing figures
of Friday, Heavy rains fell over the northwest.
THE country was already wet and in the twenty
Four hours to o'clock this morning further pre-
most severe soaking Moorhead, with 2.32
inches of rain;. Crookston, with 1.96 inches: De-
troit, ID, and Montevideo. 80 inches. All thru
central Minnesota the roads are bad and farmers
deliveries are likely to run light for some days.
In the spring wheat districts forther north and
west where threshing Is not yet completed much
delay is certain. Fargo wired this morning that
the second day Of rain has made conditions in
North Dakota much more serious, and 1t Is talk
thcre that the Red river valley farmers will lose
very heavily thru damage to crops and loss in
grades. Traders who sized up the situation as
pn extremely bad enc naturally looked for a
bulge in wheat But the best the bulls could do
to ABOUT noon was to hold December just under
Sic and September around SIC.
For tonight there is forecast suggesting
possible frost for North Dakota, western Ne
braska and Kansas.
Minneapolis had 1921 cars against ss1 in the
same time last year, and the showing was sur
prise to the bulls, who had figured upon 1000
cars about the maximum showing likely. Du-
1uth had 274 for 40 hours, against 4S1 for
four days last year. Chicago received 400 cars
against CSC cars; Kansas City 219 against
252, and st. Louis 100000 bu against
a12, 900. There nothing especially bullish in
these figures and the corn receipts in Chicago
were very bearish, less than 1868 of
corn coming ill., This, with good weather over
the most important corn country. had weaken
ang effect upon corn, and sympathetic effect
npon wheat we'll.
The visible increased only LAT 900 bu, making
the present total 13.370,O 600 bu. Local stocks
last week changed only 90 hu mere nominal
increase and the total Is SS6,67S bu. The guam
itity of breadstuffs afoat for Europe at 26176o00
bu shows decrease of 1,4SS,0 200 Blu. Worlds
shipments S.964, 900 bu, against g. 7O9 900
last week and II ,276, 900 year ago.
Primary receipts 2,045, 900 bu. Wheat and -four
clearances for three days. 100000 bu.
The market closed easier. September at s2ac.
December at low point, s0@sObc, and May
at s21a @S2%c
The liveliest cash market in long time was
witnessed to-day, almost 1900 cars of grain were
In, of which 1857 were wheat. An active demand
ruled from the first and besides taking everything
in sight, buyers took round lots Of No. 1 to ar.
Five. having S4c tn S4Mc If