The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-05-25
puly Closing at 931ac-No Pres
sure on the Market
b. Either Way.
Unseasonably Cool and Rainy
Weather Covers Wide Area
L North and South.
Decrease in Minneapolis Elevator
Stocks Is Now $4,000
IL. Bushels.

Minneapolis Chamber Of Commerce,
MAY 25.-Not a pound Of pressure either
way was on wheat this morning. Inc
market sagged little and then regalned,
and made small price changes just as
few buying or selling orders happened to
come in. The pit traders confined their
operations to few little scalping sales
and the buying orders from the outside
ran July above 94c, but trade was very
light and soon the balance turned to the
ceiling side and it was down around 931sc.
The weather, unseasonably cool and rainy
everywhere. had effect upon sentiment
but only in a way sufficient to stop selling
pressure and not to start any important
buying. The market is again waiting for
something to turn UP. Budapest was UP
1Ac and this encouraged holders, VINO
took it to mean something bad IN the way
of Hungarian or Rumanian crop news, out
Paris and Berlin were lower, and Liver
pool 1@%c off and the general foreign
tone dull. Minneapolis has decrease OF
675, 900 bu so far in elevator stocks. This
morning there were ITO cars here against
90. Duluth had against 16, and Chicago
20 against 2S St. Louis had $4,000 bu
against $4,000 and Kansas City $4,000
against $4,000. Primary receipts l95,OOO
bu against 255,O0O. shipments 100000 bu
against $4,000. Wheat ana hour clear
ances 141, 900 bu.
The Iowa state crop bulletin says: The
FIRST half of the week was cloudy and cool
with light rainfall: the last half mostly
clear and sufficiently warm to bring the
average temperature about up to normal
Conditions were generally favorable for
field work and the time has been well III
proved. Reports are that the bulk of the
corn area has been planted in the greater
part Of the state, but in a few counties,
mainly In the southern districts, held
work has been delayed by wet soil and
blowing and planting operations are likely
to continue for a week or more. The ag-
gregate acreage Is unusually large. There
are numerous reports of replanting neces-
STATED by defective seed or too deep
planting Complaints Of this kind, hoX-
ever, have been heard quite frequently In
all seasons. Cultivation Of early planted
fields Is in progress.
Following is the forecast: Illinois, In
diana Iowa, Missouri Nebraska, Kan
sas, Wisconsin, Michigan, Minnesota,
South Dakota. showers and th,1s,deEstor1Iss
tonight and Thursday. North Dakota,
partly cloudy, cooler tonight.
The Chicago cash business yesterday
was 10000 bushels No. northern wheat
at NC over May in store. Sales OF corn
were 10000 bushels, all but 10000 BUSH
els being No. partly at 1sc over May IN
store Sales of oats were $4,000 bushels
Duluth sold As, 900 bushels Manitoba wheat
for export. The seaboard sold 100000 bu
wheat and 40, 900 blu corn for export Char
tiers were for 12O 900 bu corn to Midland
In Canadian bottom at &c, also for 5000
bushels corn to Port Huron.
The market was easier until near the
close, when it came back part way.
May closed at 941sc, July at 93kc, Sep
TENDER at Sic.