The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-12-03
Light Rains and Shows Bring
Some Relief but Many Fields
,iso Still Dry.
Minneapolis May Wheat Sells Up
to $1.14sb Just Before the
8s Close. s,ay h
Argentine Weather Again Unset
tied and Liverpool Firm
s ,s5is and Higher.

Minneapolis Chamber of Commerce, Dec. g.
The bears watched wheat sell up to S1.l3& early
i this morning with some surprise, for there was
nothing III sight before the market opened 10
7 promote strength, and number of things ap-
4 parent1y very likely to bring decline. The
II weather report was the most important OF
Il these. 1t showed in Minnesota. North
& and South Dakota. northern Nebraska, Iowa.
Z Missouri and Illinois, and rains In Texas and
+ Kentucky; also slight rains In Indiana ana
Ohio Kansas cloudy but had no rain. On
the whole, there a fair measure OF RELIEF
and enough precipitation to suggest the break.
ing of the dry spell Naturally the ''hunch'
was to sell wheat. and when the Minneapolis;
figures showed Cid here against 4S2
year ago. this was put into action very gen
orally. Against all the selling. however, there
was buying support, and the wheat was alb
e sorbed very readily. Liverpool was ss@ 1ad
4 higher. and the weather in Argentine again
reported unsettled
The Duluth receipts also ahead a little
Z 113 against 1O1 but elsewhere the COMPARE
sons were the other way: Chicago 81 cars against
SO. Kansas City $4,000 bu against 10000, and
St. Louis 81 900 bu against 1000. Winnipeg
E had 226 cars. compared with 1877.
4 Minneapolis elevator stocks increased 1,4S9.1ss
bu for the week bringing the total up to IL, 2s3-
y 15T bu. For day to go into next weeks
report, the increase Is 235. 600 bu. ...s..e- .,1
5= The Topeka correspondent of the Commercial
West says: present conditions cannot last
e much longer. If the wheat is going to amount
to anything. Let this sort Of thing go on a
week two longer and there will be great
crop scare in this portion of the country A
little rain would be wonderful thing for
the wheat in the southwest. In any event, rain
rain, open winter would certainly have
disastrous effect the wheat, as 1T must have
plenty of snow this time. The best information
obtainable is to the effect that very large pro-
portion of the wheat is out Of the hands of the
farmers. They have taken advantage of the
fine weather in getting their grain to market
What wheat is being sent TO market now Is
going from the country elevators largely. For
s the time being, the farmers themselves have
stopped selling. The movement is very small
comparatively, and there Is every reason to be-
T. Neve that it will grow much smaller during the
z coming seven months, during which the millers
will want to buy wheat A fair quantity Of
corn is being sent to market. Present condi-
lions confirm the earlier reports to the effect that
this portion of the country would have little or
no surplus of corn this year.
Primary receipts $4,000 bu against $4,000:
Broomhalfs cable: 'FranCe-The distant flu
lures importing basis. Several
cargoes of Indian and Australian have been
bought recently. Worlds shipments of wheat on
Monday will amount to about 10,4oo.o00 bu'
BroomhalTs Argentine cable: 'The weather Is
improving Australia: 'Weather Is favor
able
II. The Ohio state report makes wheat IS, last
month 81 last year 1s Corn crop 9l'ooo'ooo
bu against 81 900 last year.
ls5s Columbus. Ohio wired: ''Reports from all over
the state show that young wheat Is badly dam
aged by the drought. 1t has been stunted and
with winter at hand the farmers and grain deal
ers say the outlook is the most discouraging for
II years. In Licking county farmers compelled
s. to drive stock miles to streams Of running
+ water. hundreds of wells have gone dry"
The forecast: Missouri-Partly cloudy. Kan
sas Nebraska South Dakota-Snow tonight and
n Sunday Iowa-Partly cloudy; snow in west por-
ton. Minnesota-Far. ! North Dakota-Fair to-
night and Sunday warmer Sunday. Illinois,
+ Indiana, Michigan-Partly cloudy with snow
= December closed at sl.11A May at s114A
and July at S1.13hk.