The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-03-15
Sells Off Little to Start With
and Then Turns Up, Closing
Very Strong.
More st. Louis Hard Winter
Wheat Sold to Come to Min
neapolis.
Chicago and Duluth Also Report
Sales to Millers-M May Closes
$1.00A.

Minneapolis Chamber Of Commerce,
March 15-wheat was strong to noon to-
day and inclined to advance, and While
the opening trading was on lower range
than yesterday 1t was hard matter to
hold prices down. st. Louis sold her
stock Of hard wheat to go to Minneapolis.
There was not much Of it to sell nor IS II
possible for any considerable quantity to
accumulate. Winter wheat continues COM
ing In here very freely. To-day there was
more of it. and yesterdays report In detail
showed ISL cars, a very heavy proportion.
With this the mills Of the northwest are
still buying from time to time, and much
more winter wheat will come in here later
on This Is bulish proposition any way
1t may be looked at. Chicago sold some
25, 900 bu of spring wheat to go east to
millers and these eastern flour makers also
took about $4,000 bu Of wheat in the Du-
luth cash market. Taking it all around
there is a whole lot of strictly legitimate
strength to the situation. Prices. are up
about &c from recent low point and as the
advance has been steady and without any
eet-back on the way up worth noting, a
decline now would not be surprising. At
the same time there Is little fear that the
market Is going to go to pieces. There
IS too much actual buying Of actual stuff
and while this continues and cash wheat
prices remain where they now are, the fu-
lures are not necessarily high Mime
apolis stocks have lost about 100, 600 bu so
far this week, while the worlds visible,
according to Bradstreets' has decreased
475.O00 blu, there being an increase Of
1900, 900 bu in the quantity in Europe and
afloat, which Is more than offset by a de-
crease of 1,S75. 900 blu in the quantity east
OF the Rockies.
One firm operating thirty stations, from
Kansas City, reported the purchase yester-
day Of wheat total under 1000 bu. This
suggests lighter receipts at southwestern
points later. To-day st. Louis had $4,000
bu against $4,000, and Kansas City 166, 900
bu against $4,000. Minneapolis received
l94 cars against 1853. Duluth $50 against IS
sand Chicago 43 against rs.
The map shows more snow thru Iowa,
Illinois, Indiana and Ohio, and there is a
fair prospect for rain in the west and Gen.
trail west tonight.
Primary receipts were $4,000 bushels
against 453. 900, and shipments were 403, 900
against 234, 000 Wheat and flour clear
ances were $4,000 bushels.
The Broomhan weekly foreign crop
summary reads as follows: United King
dom-Winter wheat prospects continue
poor. During the past week there has
been some seeding Of spring wheat.
France, Hungary, Rumania and Italy
The condition of the wheat crop continues
satisfactory. Russia-Crop situation as a
whole shows change from week ago.
Navigation on the Sea Of Azoff has re-
opened. This is about fifteen days earlier
than usual. Germany-The recent change
able and cold weather caused fears OF
damage to winter wheat but conditions
have now taken a turn for the better
The close was very strong and prices
were maintained above the dollar leve
without difficulty. May wheat closed al
$1.O01s @1.00A, July at $1.00% @1.00k ant
September at 87Kc.