The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-30
With the Market Strong and Active
at the Close--December
to 80l4c.
The Bulls Believe the Tendency
Now Is Their Way and Are
Confident.
The Numerous Strong Features Of
the Domestic Situation Are
Being Emphasized.

Minneapolis Chamber of Commerce, Nov.
S0.--Almost 400 less than on the COR
responding Monday of last year was the
showing in Minneapolis wheat receipts to-
day. Against l ,22S cars a year ago, only
ssS were in the yards this morning. At
Duluth there were EOS against 329. at Chi
cago 13S against 40. tor the three mar
kets l,179 against 1851. falling Off of
518 cars. Inquiry among elevator COM
panies brought out responses to the effect
that country receipts are lighter than ever
in some localities. that they are about the
same In others. and nowhere is there any
important increase found in country mar
ketings. There Is little In sight to indi-
cate an Increase in northwestern terminal
receipts very soon. In the southwest there
were gains, Kansas City getting $4,000
bu against $4,000. and st. Louis $4,000
against $4,000. Tomorrow the trade will
be in the last month Of the year, and De-
cember will come in this year with cond1-
tons about as follows: Total winter and
spring wheat receipts so far about 30,000,-
900 bu under the total for the correspond
ing period last year. No stocks Of i'm
portance anywhere. Nothing at all at the
seaboard. The visible supply is 1915. 900
bu under last year, %, $50, 900 bu under this
date in 1902. and 93.345, 900 bu under Deo
/, 1901. Light stocks In Chicago, Duluth.
and Minneapolis. and a good flour bust
ness here with Minneapolis mills sold far
enough ahead to insure grinding for some
time even II no new orders were entered
Higher prices apparently not able to draw
in wheat. st. Louis has had attractive
prices for long time. but altho receipts
there are now showing an increase the
total to date Is almost 80 per cent under
last year. Minneapolis. prices have long
been above last year, yet receipts are
much less. Manitoba has not so good
crop as last year. There is q. lack Of spec
ulation. and there is big Argentine crop
in prospect. These are the two bearish
influences and they are about all of i'm
portance on the bear side. That the stu
alton Is very bullish on the whole Is be-
coming clearer every day.
Liverpool closed sd lower
MINNEAPOLIS May wheat opened strong
and higher and to noon had worked up
to size. December sold to soc and July
to s05s 130&c.
Worlds shipments Of 10,32s,ooo bu were
about the same as in the previous week,
and compared with s,s2S,0o0 bu q, year
ago. The quantity afloat at 25.632000 bu
shows decrease Of 1,224,0 900. bu, Snow
fIurries are predicted for tonight for the
northwest The Argentine cable to the
New York Produce Exchange says cond1-
tions are maintained and the weather is
better.
Minneapolis elevator stocks increase
2S5 900 bu for two days
The visible increase of SOS, 600 bu brings
the total to 2s,s34.0 900 bu. This is a, very
light increase Last week the gain was
I 1895, 900 bu. and year ago at this time,
1851 900 bu. . -
C1earances were very heavy, totaling
77s 900 bu wheat and -four. ..,z
Primary receipts, 1,546,ooo bu against
!. $50. 900. shipments 1,256,000, against
s4S, 900 bu
The market continued advancing after
noon and MAY sold up to s2@s21sc, closing
at s17ac December sold to a0Ac and
closed at S01s 680Ac. July wheat closed
ut S1asc.
In Chicago Valentine bid up wheat at
the close and rumor of a, squeeze In De-
cember was started.
Tho ash market was the center Of an
active demand at good prices, a feature
being the buying Of wheat to arrive. both
No / northern and No. northern. in both
of which grades round lots were taken Is
shown in sales reported as per list below.