The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-04-18
May Sells Off Midway in the SEES
sion, Making a Partial Re
covery Later.
Better Weather, Easy Cables,
Very Bearish Statistics and
Free Selling.
Still Cold and Backward North
west-Winter Wheat I'm
+ changed.

Minneapolis Chamber Of Commerce,
April IS. = Temperatures somewhat
spring like a favorable forecast, easy for
eign markets, and an increase in the
quantity af1oat for Europe, were all
against the price Of wheat. May went
under 93c again, touching 92%c in the
opening hour. Statistics We're against the
market not so much because OF anything
in the figures especially depressing as be-
cause they were uniformly bearish. The
increase on passage was only 28S,OOO bu,
and Liverpool stocks increased only $780,
600 blu, but these changes altho not inn
portant in themselves were increases not
decreases, hence they affected sentiment
a little. Temperatures the country over
were higher, but the northwest is still too
cold for a breakup. Harvey, Grand Forks
and Hillsboro were points reporting freeZ-
ing temperatures last night and this morn
ing the range was from "a to al above
zero a number Of important districts re-
porting the thermometer around 80 to 81
or not high enough to clear the ground
rapidly. May 1 is the date now generally
talked Of for the beginning Of seeding in
Red River valley districts close to the
river some points setting the date a little
later. There was, in short, nothing in the
northwestern outlook this morning to en-
courage the bears as much Of the ground
is still covered with snow, and this is
April IS, but against this there was a
good forecast, and if the fair and warmer
weather predicted comes along, tomorrow
may see the beginning Of a general thaw
and clearing up Of the ground
ST. Louis received $4,000 bu against 3d.
600, and Kansas city $1,000 against 76,
600. Minneapolis received 260 cars against
1873, Duluth against and Chicago lt
against IS. St. Louis stocks at g,44S,OOO
bu show decrease Of 415,0 900 for the week
Minneapolis stocks have decreased about
10000 bu for two days.
Poehler had a number Of reports from
Missouri Kansas, Illinois, Indiana, Ohio
and other winter wheat states, covering
conditions. 1t is the concensus Of opinion,
according to these reports, that while the
winter wheat promise is poor there is
chance for much Improvement with good
weather from now on. .....
The northwest got much out OF line on
the early decline. With almost every Chi
cago option higher than Saturday, Min
neapolis May was off 6sWAc.
Primary receipts 1868. 900 blu, against 376,-
600; shipments $4,000 against 40, 900.
Clearances SO, 900 blu.
The visible supply showed small in
crease which was bearfsh. The Brad
streets report tomorrow will probably be
as bearish as the visible report to-day.
Last year the worlds visible decreased
6,926 900 blu. Tomorrow it will probably
not decrease over 100000 blu.
Near the close the market rallied lit
tie May closed at 1915 @93Ac; July at
93% @93Mc; eptember, S2A @S2Bc.
Cash demand was better compared with
the situation last week
Just before the close the report of the
Oklahoma Millers' association was received
and was surprisingly bad considering that
millers usually take as hopeful a view as
possible of a growing crop.