The Minneapolis journal., 1903-03-03
The Market Ranges From 767sc for
May to 761ac, Closing Easy
at Low Point.
Bradstreet's Figures Show a De.
crease of / 100000 Blu. in the
Worlds Visible.
Broomhall Cables Summary Of
European Crop Condition Up
to Date.

MINNEAPOLIS Chamber of Commerce. March B.
Another quiet opening with price range con-
early part of the session--this was the start in
wheat to-day. Taken all in all. the market
was little hrmer than yesterday but with so
little of new interest and business so light
as to make it impossible to discover any de-
cded tendency either way. The story that the
mills of Minneapolis closing down because
they can't get to load out was sent broad
cast for it's weakening effect, but the effect was
very slight. The weather was not materially
changed and was favorable, although there was
the suggestion of colder turn III the TACT that
In the extreme northwest the temperatures
ranged as low as 1t degrees belo~v zero. with
the cold apparently tending this way. Corn
was hrm and this helped little. Cables were
fractlonally frmer Liverpool showing slight
gain. which Broomhall said was due to reports of
dry weather in India suggesting possible
drought. At the close Liverpool was up SD
on wheat and 34d19sd on corn. Paris wheat was
of equal to Ac: Minneapolis May opened at
I6ss d76s4c. sold to 7eM @765c. eased> of to
The speculative market continues drawing
strength from the strong cash market. Not only
in the Minneapolis market was there good de-
Z, nland and firm prices. but other centers of sup
ply for millers reported the same conditions
st. Louis wired early that there had been $4,000
hu shipped out Of that market in twenty-four
hours. Some $4,000 bu Of No. red is going
down the river to New Orleans and there were
sales to millers at Nashville and other points
In addition, there Is said to be steady inquiry
from France, with strong probability of busi-
ness resulting some French business having al
ready been landed. Bradstreet's figures for the
changes in the worlds visible supply showed
decrease Of 1902. 900 bu. The quantity east
of the Rocky mountains decreased by 2.4o2, 900
bu this being in part offset by an increase Of
10000 bu in the quantity in Europe and anoat
for Europe. .,
Broomhall will publish to-day. In the Liver
pool Corn Trade News. the following summary of
foreign crop conditions:
Iii the United Kingdom the outlook is salts
factory and vegetation Is well forward.
The weather in France is favorable foe re-
seeding, although some complaints still re-
ceived. Germany is experiencing mild weather
and the crop reports are mostly of a favorable
tenor. although complaints have been re-
ceived.
!. News regarding crop prospects in central and
southwestern Russia is contradictory. The
weather is now springlike.
Crop reports from many districts of Hungary
are unsatisfactory.
The general situation in Italy is favorable.
+ hBroomhall cahled later that Thursday the
prime minister of England will receive a depu-
tation appointed to confer with him concerning
the food supply of Great Britain in case of war.
If the reception is favorable. it may have q
somewhat bulllsh effect on the market. Wheat
opened unchanged. but later all months advanced
S SD on covering by shorts, induced partly by a
better spot demand. but more particularly to
less favorable reports from the northwest OF
India and the e1portable surplus of that coun.
try being reduced. Corn opened unchanged. but
during the morning steadied sd on better de
rnand for spot corn.
Primary receipts were 1872 900 bu against 40
4 600 last year. and shipments 10000. against
1885, 600 Minneapolis had 115 cars. against 14t
last year. and Duluth I'll. against 1sS. Clear
arces of wheat and -four equaled 422. 900 bu.
Near the close the market sold down to T61a
I. Tor May and closed weak at low point. July
closed at 1855 dT61ac
The cash demand good although the fac
that millers took considerable wheat out Of ele
Vators made the milling inquiry less pressing.