The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-10-30
WHY IS WHEAT SHY?
- r. IL - p asyah. = ~ syy t..-sJ2as g7ts@ i
Grain Dealers Can Not Understand
Why Receipts Should Be
So Light. @Es= y
Roads Are Good and Weather Fa-
vorable but Country Elevators II
=. q. j.. u; Are Lonesome. :

All the. grain trade is puzzled over
the light receipts of wheat in the
country. With fine weather such as
mas ruled for time, a free movement
!, OF wheat from farmers hands should
now be on. This should be even
heavier than usual for the reason that
during the bad weather much wheat
was held back, as for some time the
roads were badly cut up. It was ex-
pected that as soon as the weather i'm
| proved and the roads dried up there
would be a resumption of activity at
country receiving points, and that,
augmented by the quantity previously
unavoidably held back the country
| movement of wheat would be swel!ed
in volume enormously. How it has
actually worked out may be judged by
report received this morning show
ceipts yesterday were only 10000
bushels of wheat. This Is surprisingly
small, viewed in any light, and es-
pecially disappointing at time when
the movement of grain is always
heavy. rsF s-E ~. -, -
| For time receipts here have been
picking up and to-day Minneapolis
had 523 cars against SAT last year and
on two days, receipts ran even to or
! slightly over last year, which was graf
| flying to the trade. But unless more
wheat moves off the farms receipts
here cannot continue gaining, and if
present good weather conditions and
present good prices will not bring out
the wheat, receivers here are wonder
ing what will. za. EsE-
| According to advices received by
Denman Johnson of Finley Darrell &.
Co., receipts at country points yes
| terday were as follows:
40 ,... Wheat, Bu.
102 houses on Northern Pacific, ....... 10000
go houses on Great Northern ........ &c, 600
| 12O houses Omaha .....,. 40 600
10 houses on 500 and milwaukee. -: 5000
1O5 houses on Minneapolis & st. Louis
| and Chicago Great Western. &c, 600
o27 17o, 900
Average receipts per elevator, 800
bushels. Receipts Of coarse grains
| during same period (corn, oats, bar
/ ley, rye and flax, total 10000 bush
els. or an average per elevator of .243
| bushels.
Three things are brought to mind
very forcibly by this light showing;
one the probability that more coarse
/ grains were sown last fall than gen
orally calculated upon, another that
! the Jones estimate of 147, 10000
bushels for the three states may not
i be too low after all, and the third the
I probability that farmers are more
thoroly in1bued with the dollar wheat
idea than has been generally supposed
and are in no hurry to sell. So
! Wheat Market Slow.
/ Wheat was still in the rut when the
market opened this morning and var
led slightly in the early trading. De-
cember sold at 79M@79Mc8 and the
4 May at 7Sk@78asc.s Dizziness was
general. # II
/ The weather remains favorable al
i tho cloudy skies are predicted for to-
night and Saturday, and there was
three inches Of snow in the far west
with the storm apparently heading
east from Denver. Minneapolis had
i 523 cars against a547, Duluth 371
against 314, and Chicago 80 against
! "a.
In the report here tomorrow the
local wheat stocks will show decrease
OF about 100000 bushels for the