The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-01-12
Armour Buys to Start It Going and
Other Buying Support Is
Shown.
Not Much Moisture Southwest and
Too Much Rain in Argen
tine.
Winter Wheat Still Coming-The
Close Steady, May Wheat
at 871sc.

Minneapolis Chamber of Commerce,
Jan. 12.-Wheat opened this morning with
Armour's representative in the Chicago
pit bidding for May. Other good buying
came in at the start and the consequence
was an opening range OF prices about 1c
up In all markets. Minneapolis May
traded at S7Ac, against yesterdays close
at $3.50 The principal cause of the
strength another fall in consols and
a higher wheat market in Liverpool by
way of response Broomhall cabled early
that the political situation is uncertain
as ever. the gossip again running unfavor-
able as to prospects for settlement Of
the far eastern trouble. Aside from this
there were reports in Liverpool from Ar
gentine bearing repetition OF yesterdays
advices--to the effect that rainy weather
is interfering with harvesting. Locally
there was not much wheat received. for
while the figures showed 302 cars against
24l last year, a good part of to-day's
run was winter wheat, and in the net fig
ures the receipts of to-day and the cor
responding day last year were about the
same. The inspection report showed that
of yesterdays total 161 cars contained
winter wheat. and winter wheat and mac
aroni combined filed 172 cars. Duluth
had la cars this morning against Sc. and
Chicago 81 against 70. Kansas City re-
ceived $4,000 bushels against 111.00O, and
st. Louis $4,000 against $4,000.
The trade turned toward the southwest
for signs OF the promised moisture, but
was only half satisfied with the showing.
Light general SHOWS were noted over Iowa.
illinois, Missouri. Indiana and Ohio, but
there was precipitation Of Importance
in the southwest. Around st. Louis there
was slight snowfall. with conditions sug-
gesting more to come, and traders in that
market were rather disposed to go slower
on the bull side until the prospect became
clearer. The prediction posted later in tho
morning was against the bears, for fair
and colder weather is promised, and the
weekly government snow map was also
against them, for the winter wheat area
without adequate snow protection Is
shown to be very large.
Liverpool closed sd higher and Paris
10@15 confines higher. Berlin was up sc,
Budapesth 12c and Antwerp unchanged.
Minneapolis elevator stocks show gain
of 225,oOo bushels for three days. Primary
receipts We're ISL 900 bushels against $40, =
900. and shipments Ats, 900 against PIT 900.
Wheat and flour clearances were $40, 900
bushels.
The worlds visible, according to Brad
streets, increased 1.234,000 bushels. In
which 1,6S4,000 bushels was shown In d
gain east Of the Rockies. Offset by de-
crease of 1000 900 bushels in Europe and
afloat.
New York had nineteen loads to report
for export
May closing at S71sc. July at S6A @S6% G
and September at 79Ac
Cash wheat was a little better than
yesterday on the whole, altho the off,
grade stuff still moved at concessions or
dragged along. No. northern was sala-
BILE from s61a @s71ac, and No. 2 north
4 ern from S319 @S5c for spot or to arrive.