The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-10-31
Heavier Receipts and Predictions of
a Big Monday Run Have
Little Effect.
December Makes Fractional Gain,
but May Closes Same as
Yesterday.
Primary Receipts Still Light and
Clearances Good at 634,000
Bushels.

Minneapolis Chamber Of Commerce, Oct.
91.--Little change came over the wheat
market to-day and the week dragged TO
a close with the same hesitation ruling.
and the tendency as uncertain as earlier IN
the week This has been a narrow week
from start to finish Just at the close
to-day some strength was shown, out no
great activity resulted. Receipts here TO-
day were heavy, even little heaVler
than expected at 672 cars. Traders looked
at these figures and concluded that II SO
much could come in on an ordinary day
the suggestion Of 900 cars on Monday was
not out Of line, but rather conservative,
and that even LOO or 1900 cars are not
unlikely With this feeling at work there
was early selling and a little Decline but
someone was ready to take the wheat on
the dip. In the county, the movement
of wheat was not much heavier and coun-
try elevators took in only a moderate
quantity for two days. Duluth may have
another big flax day on Monday, which
j would make northwestern wheat receipts
less than now calculated upon. On the
whole the market Is in the same I'M
certain position. Not much was heard
to-day Of new export business, but 1t was
a short day and the wire service was very
poor.
Liverpool closed Il lower.
Rains fell In Kansas and Missouri and
scattered showers in Iowa and Nebraska,
and the forecast is for rains tonight III
the two latter states For Minnesota and
the Dakotas there is the promise OF dry
and warmer weather over Sunday.
Minneapolis received 673 cars against
536, and Duluth 292 against 312, Chicago
getting 80 against 1874. Kansas City had
SO 900 blu against 174000, and St. Louis
$1,000 against 1856, 900. Primary receipts
j 233, 900 blu against 1893, 900 last year. and
shipments 100000 against 729,OOO Clear
ances wheat and our 634, 900 bu. Mime
apolis elevator stock decreased S6.lOS bu,
leaving the total 3,S37982 bu. For the
one day to figure into next week there Is
an increase Of 35, 900 blu.
Broomhall estimates that worlds ship
ments in the Monday report will show up
about Il, 900, 900 bu.
The weekly Bartlett-F Frazier review is
rather strong In tone saying that while
it is reasonable to anticipate an increase
in the receipts In the northwest on the
other hand the heavy movement of win
ter wheat is probably over. Arrivals now
show some falling off and will probably
be materially less next month. Stocks Of
good wheat are light. Shipments and con-
sumptive demand are taking care of the
receipts and the visible this week will
show but slight increase compared with
that of year ago. av--. ----,ss 5.---, ~
December closed at soc, gain of A@3sc
for the day. but May closed at 1885, the
exact figure of yesterday. 4
The cash market was under the pres
4 sure of heavy offerings and while &c over
December was the basis for No. northern
there was some sold lower near the close.
There was also some wheat carried over
unsold. No. sold from S1Ac to S2Ac
and No. 2 at 1917 @D79Ac.