The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-12-17
May Closes at $1.121A After Con-
siderable End of -the-Week
Selling Pressure.
Heavy Receipts Here and More
Snow for the Winter Wheat
Cause Weakness. -
Henry Little Says Only Half as
Much Wheat Held Back as
a Year Ago.

minneapolis Chamber Of Commerce, Dec. H.
Five hundred and twenty-five ears on track IN
Minneapolis, took the starch out OF the "nea.
market, and let down May by l1sc shorty alisl
the opening. A year ago there were 24s cars III,
and by compa risOn todays receipts looked yer!
big. With this there were weak caoles am
snow reports from winter wheat nelus' anu eeil
ing was natural, especially as there were many
who had long wheat and wanted to maze d
Saturday cleanup. Omaha, ST. LOUIS Calro
and Springfield ILL.,, were points with heaVlesI
snowfalls, and thru Kentucky anu Ae ,,i oIio
there was or less snow. Indiana ana onlo
had some also and over southern Missouri, sou1n-
ern and eastern Kansas and Iowa there was
general rain or snow. The winter wheat con-
dition as bull influence Is disposed OF, Tor the
present at least. perhaps permanently. Duluth
had 90 cars against 10, Chicago 70 against o.,
st Louis 81 900 bu against $4,000, ana Kansas
CITY As 900 bu against 16S,OOO pu WlhlllPeS
got 1873 cars against 143. Against the big local
receipts the bulls consoled themselves WIN tile
fact that stocks here increased less than eA-
nected for while an increase of l,lOO,OOO Du was
Indicated the actual gain was 9ae T4 sun
this brings the total up to 1887 ,14S, which by
comparison with the 9,43s,0oO blu In store mere
"a wear ago at this time, makes anything pht
Ibullish showing.
Kansas City bought some low grade wheat
here late yesterday and this helped little.
The Commercial West says: Indications arc
that the maximum Of northwestern recelpts nave
come forward, and from now ON there Will NC
a gradual lessening and after the turn OF tue
year the difference will be marked. we are ua-
suggest that our figures for northwest procuct loi
were materially under the result. 1t Wall take
the spring marketings to demonstrate thls' Out
elevator companies and railroad companies agrts.
that the amount marketed is considerable III eAl
cess of former years. The banks are even more
pronounced in this regard than the elevator
companies which have recently made close call
iyass Of the sitlat1On.' - -,
Primary receipts, 7s9, 900 bu against 679,oo'
b,1. Clearances 1913, 900 bu. .
India shipments Of wheat this week are estl
mated at i ,344, 900 bu.
Australian wheat shipments this week ar!
2SS. 900 bu, compared with 100000 last Weel
and 900 last year. :.
The forecast: Illinois, Iowa, partly cloudy
Indiana, partly cloudy, snow hurries east Nils
souri,, generally fair; Nebraska, Kansas, raj
tonight and Sunday warmer; Minnesota, W1scon
sin, Michigan, partly cloudy, snow furries; tn
Dakotas. fair, colder west portion Sunday.
Interview in Chicao Henry Little says: '"Ih
lack of grain storage in Minneapolis Is du
largely to the fact that many special bins ar
required for the great variety of different grade
of wheat there. Much of this wheat Is not
to grind for -four and will probably ult1matel
be ground for feed. Receipts from the 1nteriC
will not drop off soon as you Chicago peopi
think they will In fact they never have
Nevertheless 1t is my belief that there is NJ
how half much wheat back In the country
there was year ago."
", May wheat closed at $1.12A and July I
S1,11as GILL