The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-12-14
ONLY $50 CARS IN MINNEAPOLIS AGAINST l,l37
Big Drop in Wheat Receipts Com
pared with a Year Ago-Winni-
peg 5 Against 100.
Storm Around Chicago Ties Up Wire
Service Winter Wheat Bene-
flied by Snow.
NAV Wheat Sells to 82c-A Little
Export Business Comes
to Light.

MINNEAPOLIS Chamber Of Commerce, Dec.
14.-Wheat held between S17sc and $3.50
for an hour or SO this morning. the "es>
Opening yer quiet. This quiet trade. Wnicn
lat times dropped into dullness was ILL
tie SURPRISING in view Of the strength on
the curb here Saturday and the eXpecta~
tion that this would find reflection I'D to-
davis market But the wire service was
crippled and scarcely a scrap or ln1orna-
Sion from the outside was on mana at tHe
start. About all the trade knew OF changes
since Saturday was contained III the Liver
pool cable showing the opening In that
market unchanged to I'D UP. and the esti-
mate showing an increase OF 275,ooo Oh IN
Minneapolis elevator stocks Tor TWO days
"A good many pit traders and a Few srnaAief
outside traders had calls bought just a1ter
the close on Saturday before the jump on
the curb occurred. and some of these calls
lwere under the market, at early high point
this morning. Seeing the trading light and
the traders hesitant from lack OF outside
news these holders of calls began to sell
May against them and a weaker turn fol-
lowed The posting Of the Minneapolis
Taceipts a little later was enough to check
the decline. for there were only 539 cars
in the yards, against 1,137 on the CORE
ksponding Monday last year. Without
doubt the colder weather cut down train
tonnage somewhat, and many 1relght
trains were five to seven hours behind
FOR the smaller figures. At the same time
"a drop Of sos cars or about LOB per cent
in the comparative movement Is not 10
be explained on the ground OF the handl-
cap upon the railroads alone. and there
IS no doubt that receipts would have been
connparatively light under any clrcum-
stances.
Chicago wired that there were again two
sets of conflicting Argentine cables, one
reporting fair weather and generally sat
isfactory conditions, the other limiting at
frost damage in some localities. The key
Ito the situation in Chicago is still held by
Armour If one could know whether or
not the big house is getting out OF wheat,
or adding more to the already large mold
t1ngs, the next move in the market might
perhaps be foretold. The Harris-Gates
summary was a. little bearish on the whole.
ieltho noting that exports continue to show
1.-THE clearance Of much flour. The record
I,f the week Is 4,600, 900 bu wheat and flour
las wheat from both coasts. Most OF this
went out in the shape of -four. Low lake
freights have been lacking for q. week and
the trade Is getting down to a. winter basis.
Present prospects are that stocks will rap
idly accumulate at all important ware
house centers until there is some import
ant change for the better In the export OF
the milling demand. Milling demands are
shrinking rather than otherwise. The adj
vices of dry weather in the winter wheat
belt have found official veritication in
several state reports well BIS in the ma
tional monthly crop report. The latter
shows a decline of Is points as compared
with the nearly perfect condition shown a
year ago. The seeded area is also official
1y made 100000 acres less than that OF
last year. The supply and demand situa-
ton in this country as summed up by the
Daily Trade Bulletin-shows an export
surplus of 1s.300,000 bu per month for the
remaining seven months OF the crop year
- I 1,15n
ported during the five months just passed
Heavy SHOWS fell over the. country or
Sunday, and while details were missing
there was every evidence that much terri
tory west and southwest has been COW
cred and the prospect for winter Whea
improved very materially.
Winnipeg had only cars against 12o
Duluth received AZ cars against so ane
Chicago "A against 100.
Liverpool closed 9td higher.
The visible supply increased by 2,362,00'
'bu, making the present total 36.644.o0
bu, against As. Isl, 900 last year. or still IL.
b07, 900 blu lighter. Last year at this TIM
there was an increase of 2,211, 900 blu.
Hunter of Wellington Kan, wired tina
IN that VICINITY IS per cent Of the wheat
In his opinion, has been marketed. Rich
ardson wired Rollin Smith that he hat
Just sold a cargo of No. red to Lisbon
May wheat sold to SIC, but fell back
fraction. New York sold ten loads 70
export Primary receipts were $500
bushels against 1,41S,000, and shipment
were $4,000 against $4,000. Clearance
of wheat and flour were $4,000 bushels
Philadelphia and other ports were miss
ing in some Of the reports. Worlds ship
1nents were 9.592,0 bushels against TO-,
$4,000 last week, and 6,830,000 yea
ago. The quantity on passage at 26.SSS,
900 bushels shows decrease of 100000.
The wheat closed at S1Ac for May an
at S11s@S15s for July. Only a few trade
were made in December, and that OPTIC
closed at 1890. ~.E
No. i northern sold well at S1ssc to SIC
averaging S134c. No. 2 northern average
791kc and ranged from 79Ac to SOC. No
s to arrive sold about the same as 70
spot .,. ILL.,. ~