The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-03-12
BETTER FLOUR BUSINESS A HELP TO WHEAI|
This, With Some Other Favorable
Reports, Put Minneapolis
May Up to CSC.
No Rain Southwest Except in Mis-
sissippi, but a Forecast
for Rain.
Commercial West Says the Local
Mills Will Have to Buy More
Outside Wheat.

Minneapolis Chamber Of Commerce,
March lathe week came to q close
with wheat firm ON level cents above
recent low prices. To-day there was the
usual evening-up over Sunday. A rev
bear items came in. but the news ia
vored strength in the MAN, The local
flour mills did the best business for some
time, and in Duluth there was a good
flour business, and the millers were active
in the cash wheat market. There was
no rain in the southwest, except in Mis-
souri, The government report had spent
it's force. Wheat was strong to-day on
things that looked legitimate. Australia
shipped 1,056,000 bu, against $4,000 last
week and nothing a year ago, and there
were some other reports rather bear1sh,
but they were more than Offset by re-
ports favorable to strength. May wheat
sold to $50 and closed just under at
97kc. July ran ahead Of May and closed
at 9SSc September closed at S61so.
The weather map shows heavy snow In
Montana and scattered SHOWS and rains in
Rocky mountain districts, showers In IL
linos, Indiana and Ohio. Temperatures
higher. The forecast IS as followss Ili-
nois. Indiana, Missouri, Nebraska, rain
or snow; Kansas, showers; North Dakota,
Minnesota, fair and colder; South Da-
kota, Iowa, snow and colder.
sBroomhall's Liverpool cable says there
is a frmer tone in wheat, the principal
factor being the continuance Of the Ar
genuine SIr1ke, contrary TO recent eXpeCld-
tions that a settlement had been reached.
Broomhall estimates worlds shipments on
Monday to show about 100000 bu. with
little change in the quantity on passage.
The local pit crowd had a disposition
to, try the short side at the start, but
they soon turned about as there was
little evidence Of any selling out thru fear
to go over long until Monday.
The Commercial West says indications
are that Minneapolis mills will have to
buy more outside wheat In order to COM
plete the years milling on normal basis.
The export demand is light and the out
put for the first six months is little
under a year ago, but the domestic de-
rnand has been strong. 1t is too early
to determine as yet whether the total
export demand will lower sufficiently to
cause q curtailment of the output. The
fact that Minneapolis mills will have to
import further wheat does not mean that
stocks in Minneapolis will be exhausted
Aug. 1. There is bound to be some wheat
carried over, no matter what the oondi-
tions Of supply are. Could every bushel
of wheat in the United States be called
into service 1t might not be necessary to
import any further wheat.
minneapolis received 26G cars, against
FPS; Duluth 81, against 100, and Chicago
%, against 16. Kansas City had 80 ,0O(
blu, against $4,000, and st. Louis AZ O0(
Blu, against "a, 900. Primary receipts were
$4,000 bu, against 10000; shipments
235,O00, against 200, 900. Wheat and flour
clearances light, only $4,000 bu in all. Min,
nea polls elevator stocks decreased H. 64$
bu for the week, leaving total Of II, 460,
1913 bu in store. a...,...