The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-12-10
5he Cash Wheat Market Very
Slow and Sellers Forced to
Make Concessions.
|aheat Moving Out of Fort Will
n liam and Port Arthur at a.
Rapid Rate. Z
The Government Report to Come
This Afternoon the Uncer-
tain Factor.

Minneapolis Chamber of Com
Mnerce, Dec. 1o.-Rain over winter
Wheat territory threw off the wheat
market again, and sent Minneapolis
May down to Sill.
. At the close May was $11l7s and
July $1.11A @1.11%. The government
report comes this afternoon and on it
the market may turn. The trade has
been inclined to look for a less bulllsh
report than originally figured upon, and
some selling of wheat today was on
the expectation that the condition will
not be as low as last year. This
change of sentiment is no doubt due to
The better weather in the southwest in
8he past few days. 1t can have no eff
Feet upon the report, which will sum-
hnarize conditions to Dec. l, but the
argument was made that even IT low
stand is reported, the Improvement, In
conditions since Dec. l will offset 1t.
| Stocks here increased for the week
by l,174,212, and this brought the total
ito l2,45 1869, which looked very bear
hsh. Receipts here ran well up again,
or GAG cars against 1872: Duluth had
i3O cars. against 68, and Chicago %,
against 81. st. Louis had $4,000
bushels, against $4,000, and Kansas City
$4,000, against $4,000. :,
An important item, not generally
KNOWN on Uue uOOI, A1oLl
to the effect that all the wheat at Fort
William and Port Arthur will be sent
out by Tuesday, and considerable
amount of wheat in the country west
will go to Minneapolis. Winnipeg re-
ports that the best men in the Cana
dian trade believe the Manitoba crop
to be pretty we'll moved out, but ex'
spect considerable wheat to come from
the territories.
( The cash wheat market was in bad
4 shape. Prices were lower relative to
I the option buyers would not take hold
and considerable wheat was unsold at
! the close, some being sold at conces
sions near the close to avoid carrying
Il over to next week.
Primary receipts, 947 900 bu, against
100000. Clearances, $4,000.
:. Broomhall's cable says: "The cen
trail statistical committee has issued its
final estimate for seventy-two govern
ments on the following cereals ads IN in Rus
against sip eP 4i0 7es, 900 bu last year: Bar
ley, 322, 184,00O, against 342,O96,0 900 last
year Oats, 1889, 100000; last year
S43,35O, 900. Corn, 25,96O, 900; last year
5O,732,000.
The government report is awaited
with much interest by the grain trade
Der condition was $3.50, but by the fol
lowing June this had been reduced .tc
TIT, and there were further losses BY
. excessive rains at harvest time in the
southwest during July. In only one
Of the twelve states of largest produc
tion was there an Improvement in con
dition between December and June
The losses, however, were large 8
points in Michigan, 26 in Indiana, O.
in Ohio, II in California, ID in Okla
homa and IL in Texas. The state show
ing a gain was Tennessee, with points
( The winter-wheat area in December {
year ago was 32,0OO,O0O acres.
The weather map shows good snow:
in Missouri, Tennessee, Kentucky
southern Illinois, Indiana, Ohio, ant
moving east; also scattered light SHOWS
in the northwest. Temperature seas
sonable. The forecast reads: Illinois
Michigan, Wisconsin, Minnesota; snow
flurries tonight and Sunday; Missouri
Iowa, the Dakotas, Nebraska, Kansas
fair and warmer tonight and Sunday
Indiana, cloudy tonight and Sunda,
warmer.