The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-09-26
The Fact That Some of the Mills
Are Turning Out Flour Is
Favorable.
September Takes a 1910 jump to
$3.50, Closing Firm at the
Higher Figure.
Local Stocks Increased 9ll,794 Blu.
Big Receipts Looked For
on Monday.

M,nna,nolis Chamber Of Commerce, Sept. 20
Wheat climbed up another notch THIS norhihs'
and December sold to 1855 IN the opening JUS 70
ness May wheat sold to 1880 and september 10
S3bc. There was some new buying OF the aetiVe
options and considerable covering OF short wheat.
Traders appeared to have more commence IN .tue
market and took some fair sized lots. Reports
came early that the Consolidated a. mill was
getting under way, and this helped the puiis::
who maint aimed that the effect of the closing OF
the mills by strike has been discounted by
the recent heavy decline and that reaction is
due. -, .,..
The weather outlook Is less favorable. Attic
the prediction Is for fair weather tonight, with
light frost there was fear that the low Darom-
eter hanging over Lake Superior might shlit over
and bring rain instead, and the atmospheric con-
rain The result OF the closing of the -four mills is
In shown in a gain Of OIL, 1914 bu Of wheat In
Minneapolis elevator stocks during the week,
which brings the total to 2,3s2 1888 bu. For
today. which figures into next week, there THERE'S IS
further gain of $4,000 blu. Heavy receipts
are the expectations for Monday. Still the
market was firm and while there was reaction
midway in the session. and prices were of
full cent or more from high point, the close was
on recovery and at fair gain for the gay,
December closing Mt 1850 and May at s .eW
at the close and in a few quick jumps the Sep
TENDER option sold from S3c to S4Ac, closing
firm at the high point
Duluth 23a against 444. Chicago received 81
against 159. Kansas City had 1872 against 81
last year, and ST. Louis $4,000 bu against 113, geo
bu At primary points receipts totaled 1.121 900
bu against 1924, 900, and shipments were 444,00O
bu against $40, 600. Wheat and -four clearances
equaled ia, 900 bu.
For Monday the worlds shipments are expected
to run to II, 900, 600 bu. -.
New York reported ten loads of wheat sold for
export :
On the Chicago board the rumor went the round
that the grain trade Of Minneapolis expects 1000
cars in here OH Monday, and this was used by
the bears with some effect Two thousand cars
are not expected They may come In, but no one
expects anywhere near so many.
The weather map shows light general showers
thru Manitoba and Minnesota and the Dakotas
the past twenty four hours. There was no rain
this morning in the Dakotas Minnesota. The
only rainfall in the west and southwest, was
trace at Kansas City. Temperatures are lower
in the northwest but seasonable thru the
corn belt. There is the prospect, however, Of
cooler weather and showers generally. At
a.. m the mercury was 80 to 80, in the extreme
north: 80 to "a in the Dakotas and Minnesota;
Kansas Missouri, Illinois, Indiana and Ohio.
Northwest showers little against spring
wheat work.
The Commercial West says threshing Is now
in progress and wheat receipts should Increase
by next week. There will be a good sprinkling
not going to suffer much apparently re1a-
tive to the higher grades. There Is demand for
good quality low grades The percentage of con-
tract wheat, Judged by the record thus far on
the crop Is not running very differently from a
year ago. The spring receipts are running ID
to 90 per cent contract.
The cash market frmer to-day in line
with the frmer option, but not materially
changed otherwise. Millers bought few cars,
but practically all the wheat went to the eleva-
tors. No. northern sold at S3@S3 nc and No.
northern at 77@771c for the bulk.