The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-14
Wheat Weak at First With Firm
ness Later, All in q Very
Marrow Range.
The French Millers Admit Their
Crop Is 100000 Blu. Short
of Last Year.
Receipts Light and Local Stocks De-
crease 100000 Blu. So Far
This Week.

Minneapolis Chamber of Commerce, May IA
July wheat was weak in the local pit to-day.
and, while there was little trade pressure
OF importance and an undertone of arnnness on
the whole. the market slid of from 1850 and
sold before noon at T6@T61sc, yet there was
nothing weakening In any Of the reports. Some
longs In July were inclined to get out, and
market extremely dull not much selling was
needed to force fractional recession. The for
elgn market were cratic and of varying tone.
Liverpool was 1s@Md lower; Berlin. 9sc up;
Budapest sc lower; Antwerp '9sc lower. and
Paris equal to 1ac higher. This Paris strength
was supposed to be due to reports of crop de-
ceived on change this morning. They proved,
however, to have their origin in report
ceived by the state department from Consul
Toursee at Bordeaux. Cereals and forage
plants turnout southwestern France are seriously
injured. clover is cut badly, and the hay crop
will be short. The same is said to be true of
wheat rye. and possibly oats. This report
all right. but it was not new. 1t was interest
Ing at confirming the reports sent out some weeks
ago as to damage In France. but was nothing for
new influence. A little later something new
came from France in the form of cable quot
ing as confirming the reports sent out some weeks
being out to investigate, was quoted entertain
able damage Is reported to have been done and 1T
will show up later in lighter yields. The
French Milers' Association also had out report
which was of more hopeful nature, SINCE while
1T takes full cognizance of the damage done,
says that conditions now are improving rather
ian getting any worse sim, the millers think
crop of last year. and they are always extremely
conservative In this respect, and on the average
one year after another rather inclined
TO overestimate than to underestimate the yield.
The local decrease SO far is LOO 600 hu, and
the outlook Is for decrease of 400, 900 BIZ in
local stocks for tie week. Terminal elevators
continue loading out heavily and 3OS cars went
out yesterday. Minneapolis had 100 cars, against
los last year and Duluth r. against TO- Friln-
AIRY receipts We're $4,000 hu. against $4,000
300, 900 bu. -.
There was low barometer over the Canadian
northwest and prospects Of rain. Dry weather
Is general above the line but rains within n
week will be i'll time to head off any damage
The weather map shows higher tempera lures
an the northwest and little lower west and south
west; there were scattered rains in central and
southern Illinois; light general rains in Kansas
and Missouri; heavy rain at Nashville. Tenn
!and half inch at Des Moines. In the north
and northwest It is part cloudy and warmer:
northwest generally fair to clear; west and
southwest cloudy. -
The Price Current says there is moderate
snft1ng In the wheat promise. The condition on
wheat barely maintained during the week The
extent OF deterioration Is mostly indefinite and
prospective rather than positive Corn planting
as stu backward but large acreage Is ex-
!pected Oats are somewhat improved but much
uneven and backward.
The market was fractionally frmer near the
close and back to the opening on July. septem-
per made gain for the day. closing at 69sc
wheat ~ S"