The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-04-15
May Sells Early at $3.50, Then
Turns Downward and Strikes
1890.
The Northwest Needs Warm,
Thawing Weather to Catch
Up With Seeding.
Only 1000 Blu. Received at st.
Louis-Argentine and India
Ship Heavily.

Minneapolis Chamber Of Commerce,
April 15.--Wheat was in uncertain mood
thru the first hour this morning, ranging
from CSC to 95as @951hc, and back to 94h 90
The trade will not do much until the stu
alton in the northwest Is clearer. A lew
days more ought to indicate what the
start will be in the three states. To-day
the trade is just halfway thru April with
the season backward. Important wheat
producing counties in which the average
date for beginning Of active seeding Is
April 20, are covered with snow, the re-
cent fall showing to inches over wide
extent of territory. Under this snow lies
old snow and ice In many districts. That
seeding Is certain to be very late Is al
ready clear, but just how serious this is
going to be is the question. South Da-
kota Is in comparatively good shape, and
this morning there was seeding going on
at some few points. North Dakota and
Minnesota counties in the valley are the
most backward. II the weather turns IA
vorable soon and remains favorable the
ground may be cleared in such time that
the delay will not be serious after all.
But q thaw ought to come very soon II
this is to be. This morning 1t was 70 to
20 above over the northwest, with a 1ore-
cast for fair and colder weather for Min
nesota The general forecast is q very
unfayorable one and a cold wave being
predicted for Iowa tonight, snow and
colder for Nebraska, fair and much colder
for Kansas, much colder and below freez-
ing for Missouri, and rain turning to snow
for Illinois and Indiana.
St Louis made surprisingly strong
showing this morning, with receipts down
to about nothing. at 1000 bushels, and
shipments III, 900 bushels. A year ago re-
ceipts were $4,000 bushels. Kansas City
showed %, 900 bushels in against $1,000. A
light movement Of all kinds Of grain Is
on, as is natural at this time, but the
falling off at ST. Louis is SO light as to
surprise even those who had predicted a
light run. Locally there were ll@ cars
received against o.. Duluth had IL against
IA, Chicago % against 10. Minneapolis
elevator stocks will increase about 2OO,-
900 blu for the week.
Big shipments from competing coun-
tries are help to the bears India sent
out 1.224,000 bushels this week and Ar
gentina $4,000 blu.
Primary receipts $4,000 bu, against
$1,000; shipments $4,000 against ia, 600.
Wheat and flour clearances 141, 600 blu.
Broomhall says the fact Of the Argen-
tine shipments being smaller than ex-
pected caused a steady opening In Liver
pool with initial prices 1sd higher. Later
both options eased off I'd on liquidation
In May, but q reaction Of 1sd occurred
early in the afternoon and the tone be-
came firmer as the result Of a good mill
ing demand owing to the expectation OF
the import duty on grain being reim-
posed. The opening in corn was un-
changed but during the morning the mar
ket eased off I'D owing to the better con-
dition Of late arrivals Of American corn.
The Market Record says the wheat acre
age in the northwest will be increased by
8 per cent in Minnesota per cent in
South Dakota and 20 per cent in North
Dakota. This would mean something
like 1,250,000 acres increase. This repre-
sents about what the farmers intent is.
Actual wheat seeding will be governed
by weather conditions, and the later the
start the less wheat in all probability.
When the sun came out selling began
quickly and May wheat fell to $3.50, clos
ing at 94sc. July closed at 94Ac and
September at 83Rc.
The Modern Miller says the weather this
week has been unseasonably cold, retard-
ing growth Of the wheat plant No change
in the general condition Of winter wheat
crop Is indicated, but in some sections
of the Ohio valley north Of the Ohio river
there are numerous complaints Of back.
ward conditions and poor prospects.