The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-04-04
With Balmy Weather and a For
eign Holiday the Bears Put
May Down to $3.50.
AL Sentiment Bearish Mean
while Receipts Are Not Run
ming Very Heavy.
Missouri Condition 81 against 95
Year Ago; Ohio 81
Against SO.

Minneapolis Chamber Of Commerce,
April circumstances favored the bears
this morning and wheat sold down by easy
stages May hating just above 96c, and
refusing up to II o'clock, to go under that
level Nothing was doing abroad, Liver
pool and Paris having a holiday closeup,
and American markets were quiet. Very
few news items were noted on the bull
side, while the bears had the advantages
of quiet market and very fine weather
The spring-like morning here and the
good weather reports from South Dakota
and southern Minnesota, with about f1f-
teen new reports Of seeding operations
made traders a little bearish and gave
them courage to try the short side, which
afforded a. good scalp to those who went
short early. The Missouri state crop report
made the condition in that state 81, and
Chicago was inclined to put bearish
construction upon It, Since the ten-year
average for Missouri, April 1. is "a. and
since the government, a year ago, made
the condition 95, there was really nothing
bearish to 1t. but It's import was just con-
ttrary. The most important consideration
at the moment is the movement. On
Saturday there were more part cars re-
hceived in Minneapolis than for long
time, and to-day the southwest reported a
sgood many, AS bulkhead car usually in
dictates the cleanup Of the country ele-
lvator from which it is billed, the natural
anference Is that at good many more
sstations than has been generally supposed
there is no wheat left. ST. Louis had IT,
900 bu in this morning, against l1200O e.
year ago. Kansas City had 100000 blu
against $4,000 about half as much as
last year, the last year figures being for
one day more than this years figures.
Minneapolis was just about standoT,
with $40 cars against 375 a year ago, but
there was about five times as much winter
wheat to-day. Duluth received % cars
against 16, ard Chicago Is, against 48.
Minneapolis elevator stocks have de-
screased so far this week by $4,000 blu.
Statistics of worlds shipments were not
especially important either way, but an
increase in breadstuffs ON passage OF
i, 648,000 bu, brings the total afioat to A.
300 blu, and was bearish.
There were heavy general rains In
Texas on the Sunday map. and there was
q trace at Dodge. The map this morning
shows traces of rain in Nebraska and
Iowa, and further rains in Texas 1t is
clear elsewhere. The temperatures are
kmoderate. The corn belt has favorable
weather with very little moisture
The visible wheat supply decreased 1884,
900 bu, bringing the total down to 31,72S,-
900 blu.
Primary receipts $4,000 bu, against
624, OOO shipments 100000 against 291 900:
Wheat and flour. cearances 1000 bu
The Ohio state report shows the condi-
ton of winter wheat to be g. against SO
last month. SO April 1 a year ago, and
81 in July last.
May continued on the down turn and
broke thru 96c later, going to 951ac.
The market closed weak at the low
point, May 951ac, July 95as @95hc, Sep
TENDER S1A C.