The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-03-28
Wheat Very Strong and Stubborn
Against Declines Flour
Mills Grinding.
Seeding Prospects Not Quite So
Favorable as Appeared Last
Week.
Liverpool Firm on Argentine
News of Strengthening
Nature.

Minneapolis Chamber Of Commerce.
March 2S.-Many things favorable to wheat
were in sight this morning and May was
up to csc, and appeared to be headed
even higher The mills opened up and
-four trade was again reported all right.
The reports of early seeding were chopped
off short and the news began to run the
other way. Much snow and much cold
weather has kept the ground buried and
the outlook now Is for an average be-
ginning Of spring work at the best, and
an opening somewhat later than the av-
erage as a probability AS matter Of
fact few days earlier or q few days
later In putting the seed into the ground
markes little difference in the final show
ing But since few reports OF early
seeding In the more favored localities on
the last days of March Is usually enough
to start selling, so delay in seeding often
makes greater strength. Bull news was
not confined to the domestic field, and
Broomhall sent over a firm report Prices
of Argentine wheat are reported to be
advancing and at the chief Argentine
ports they are now about Sd above the
figures Of short time ago. This Is on
fear of delay and possible damages from
recent unfavorable weather.
Only As cars were in at Kansas City,
very light total for an over Sunday
movement. They contained $1,000 bushels.
A year ago Kansas City had $4,000 BUSH
els. St. Louis received $4,000 bushels
against 3d. 900 year ago Northwestern
receipts were somewhat above last year,
Minneapolis getting 51l cars against 460,
Duluth had 20 cars against II. and Chi
cago against II. Local stocks have In
creased $1,000 bushels so far this week.
The visible decreased 414,0O0 bushels,
leaving a total Of 32,512, 900.
There was no moisture in the southwest
on the Sunday map and there Is no mois-
ture in that section on the map for this
morning. There are light general rains
shown this morning from Illinois east
ward. The Sunday map shows some rains
east Of the Mississippi and good rains
In the Ohio valley. For the past forty
eight hours there has been no additional
relief for the southwest drought. The
mercury this morning is higher, altho it
is only % above in north Kansas and
about freezing thru the Ohio valley. Mild
weather. however, is Indicated The
forecast reads as follows: Kansas, llli-
nois, Indiana, Missouri and Michigan
Fair to-day and Tuesday; warmer; brisk
southerly winds. Nebraska, the Dakotas.
Minnesota and Iowa-Cloudy; warmer.
| Wisconsin-Rain or snow; warmer.
Primary receipts were 679, 900 bushels
against 646,0O0 and shipments were 1874, 900
against 141, 900. Wheat and flour clear
ances were 153, 900 bushels.
Near the close the market was strong
and considerable selling was noted, with
out much effect. Broomhall cabled later
that the chancellor of the exchequer says
1t Is the intention Of the English govern
ment to reimpose the import tax on ce-
reals into the United Kingdom. This tax
was. nearly Sc per bushel. - s,.t
Locally the feeling in wheat is very
firm and the immediate tendency appears
strong. May closed at CSC, July at SO and
September at S41Ao. @"