The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-02-28
The Local Options Have Held Inside
I a One.Cent Range Throughout
the Entire Week, i: ], !.
las Z.
The Possibility of Cold Wave over
Sunday Was the Leading
Feature To-day.
local Sentiment Not Materially
Changed and Rather Favoring
the Bull Side.

Minneapolis Chamber of Commerce, Feb 2s-
gIhe last Gay of the month brought a new factor
an wheat. that of an impending cold wave
y naturally there firm tone to the ma TX ct
prices We're Well maintained and short sellers
We're rather scarce. May wheat sold to 7e7sc
early In the session and was firm in the range
from 1880 to 1880. There was ( absolutely
:hoth1ns to cause, any, alarm, mo cold wave nor
any reports that could be taken as disturbing.
II was the bare possibility of cold. wave that
,slhllft1es and many decided that it would no
dolly to go short over Sunday On the other
hand some of the pit Traders figured that If, no
coid weather comes over Sunday there will be
opportunity for setback Monday. A few of
this mind put out little short wheat to. sta nd
over but they We're. not many, and they;s did
not commit themselves very heavily AS usual
Under similar circumstances. widely varying sic.
ports came from the southwest. Unseasenabay
mild Weather followed by cold is bad, If the
cold IS at all severe lincoln, Neb.,S reported
cold wave and high winds, but Kansas City wired
that the fields were not SO unprotected as gen
orally supposed: that in western Kansas there
has been a good snowfall and the temperature
OF about "A degrees would do no harm. = The
as 1t is figured the roads will now be in better
shape md deliveries in the country may run a
little heavier Near the close the wheat market
weakened and May sold down to 76ssc closing
at 1888 m761ac. July at the same figure
Broonlhall cabled that the prediction of very
light shipments this week from America caused
steady opening in Liverpool, with prices Il
changed. but March eased off towards noon on the
eEpeetation of large tenders March contracts
Monday. Tho firm American cables caused an
opening advance OF I'D in corn, but later the
liquidation in the March option caused that
month to lose the early gain Broomhall esti-
mates the worlds shipments Of wheat for Mon
day next will be about 100000 bu, Of which
quantity Europe will take about $500, 900 bu
He predicts the quantity of breadstufs on pas
sage to the United Kingdom and the continent
will show a. fair Increase. Arrivals of bread
o., ,.S>
week about $500. 1000 bu. - =. -.
The weather, map showed much colder weather
In the northwest and west, under zero in the Da-
kotas and freezing hard In Kansas. For the past
tHepty-four. hours heavy. rains in Ohio valley,
Illinois and light rains. in Missouri and Iowa.
Light SHOWS in Nebraska and the northwest The
Indications are for decidedly colder weather
generally, land it follows. unseasonaby mild
weather. o.. - 80" ~, "a.
Chicago wired that their market remained very
dull notwfthstan the cold wave talk Whea t
trading in Chicago was entirely subordinate to
that in corn. Some early buying on reports Of
cold weather in Kansas without snow protection.
hut it is rather early for that Kind Of scare.
Champlain has added to his line, Sentiment
among traders, however, is almost universally
bearsh. 81 ..>'.-.--s @.a..t ~ .a.
Six loads of wheat and eight Of were
taken for export. IT
The foreign markets brought nothing Of special
interest. $50 80.
Primary receipts were 42o 200 bu. against 542. :
nA0 last year. and shipments 14S,00o against
lei 900. Minneapolis had 19G cars against 2S7;
Duluth % against 19l -@t!
The cash market was firm and active all
through With good demand for the top grades
from local millcrs a-. + 49,. r..