The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-08-20
A Nervous, Wildly Fluctuating
Market Closes the Week in
the Minneapolis Pit.
All Options Make New High
Points and Close Well Above
Yesterday.
Rain Starts It Going Liverpool
Il Fails TO Follow in
lTull.

Minneapolis Cham Der Of Commerce,
Aug. 2O.-New high oints IN all wheat
q, ,tions to- close the week ana market
ann arently stronger tn. IN even at the
close after a ftful sess> 'on' with prices
over A. seer 1t range. All Il lterest centered
~ nc aues tion of wheths er the market
could or cou Id not withsta1.'d the end OF
+be week selling, and when september
wheat having sold to 1928, fe>l III aliliose
straight: drop to Sl.161s, many tiouslH
the break would be general am IeaVS'
Desnite all pressure, however, tn mar
ket rallied aud closed the day higher than
Yesterday at S1.19& for September, 81. 10 "a
for December and $1.165s for May. Al
"a high time Sep TENDER was Sl.29, Decen'
Der s1175s and May $1l9.
n Pain over mis- Int started it going. The
weather map showed rains In Missouri
Illinois. Indiana and Ohio, sea ttereu
q showers in Iowa. Minnesota and North
Dakota and raining in the far northwest
i .rranoneratures in the British northwest
territories were "a to 4S, in Manitoba 40
10 "a North Dakota 50 to Sc, South La
ekota 60, Minnesota So to 81, Iowa "a 10
6S. Nebraska. Ga to IS, Kansas 81 TO ~
I. Missouri 70 to ", Illinois 6o TO ~. me
forecast is for North Dakota, showers alio
cooler tonight, tair Sunday; South Ia
kota. showers toni ght, generally fair sun
day: Minnesota sh overs, cloudy and I'M
settled cooler; Iowa, Kansas, NEBRASKA
cloudy, unsettled sho wers; Missouri, part
~ cloudy local showa rs; Illinois, Indiana,
showers cloudy, unsettled; Wisconsin
Michigan COOL cloudy and unsettled.
TT The statisticians who are in the north
west continue to send in reports OF rust IN
the wheat Liverpool failed to respond,
however. to our advance of yesterday and
& was up only I'D.
81 Primary receipts were 1877 900 bu against
III 6le. 900 and shipments 467,O00 BIZ against
II 33S, O00 Minneapolis received l35 cars
s against 1853, Chicago 112 against lOl ana
Duluth 43 against 2. Kansas CITY ha.o
10 100000 bu against $4,000 and st. Louis
1 %, 900 against $4,000. Wheat and flour
q Slearances were $4,000 bu.
The Record Herald says: "Altho the
northwest contributed a large portion OF
+ buying orders for wheat, it was not the
only buyer. The whole country seemed TO
have gone wheat crazy. Every co1nmls
sion house on the floor was flooded with
buying orders that came from every
4 point of the compass and apparently from
a great many of the different walks Of
life. Much Of the excitement among
= trade interests here was occasloned py
the early indications that the foreign
markets were getting excited as well.
The Jones report of rust damage in Mani
toba as cabled abroad on Thursday,
brought comment and inquiry from the
British centers, and resulted In an ex-
cellent demand for export wheat IN Ar
gentina. American markets were OF
course far and away above an export
business. The indications from Argentine
were that offerings were drying up to
some extent
s-s In the cash market No. 1 sold at $l.2
for new and down to $1.211s according "
time of sale.