The Minneapolis journal., 1904-08-03
An Active Market With Heavy
Business on a Range Of
$3.50 to 97c.
Foreign Markets Get in Line
Again, Closing Higher for
the Day.
Northwest Situation No Better
and Rain Would Make It
Worse.
Minneapolis

Minneapolis Chamber Of Commerce
Aug, 3.--One cent more was added tc
& Wheat prices in the first hour Of trading
today. Minneap polls September going to
SIC about 10 o'clock. period of erratic
4 price changes extended from the curb mar
& kec Of ten minutes before the opening,
thru the first half hour OF the session.
siSertember making quick up and down
moves between 959sc and 97c. An ac-
s cumulation of small lots Of long wheat was
g sold out on the dip and the market ap-
j peared more buoyant afterward The
weather In the northwest was the great
1uncertainty. AS 1t stood, 1t was not bad
Siweather on the whole, and in places it
twas all that could be desired. But tenn
s peratures were rising, skies cloudy, and
8 at Fergus Falls, Fargo and other points
\ there was very slight precipitation. At
( no time could it be said to be really rain
4 Ing, but conditions bordered so closely
Z upon 1t that nervousness prevailed, for any
8 gain Of Importance at this time would
$be bad. With conditions so uncertain.
some big traders who have been holding
off for reaction came In as buyers and
Y all offerings were readily absorbed. The
later weather report strengthened senti-
meat, the forecast being for showers to-
\ night in Minnesota and Iowa, and showers
4 tonight and fair Thursday in the Da-
kotas.
The foreign response was good, Liver
pool advancing again and closing 1@1Ad
higher; London. A@1hd higher Berlin
was shade up and Budapest not only
I held the level Of the sensational advance
\ OF yesterday, but was up another Mc
Minneapolis had II cars, against 197;
Duluth %, against 10, and Chicago IS,
against %. Kansas City received 23S, 900
/ bu against 10000; St. Louis $4,000,
against $1,000.
Minneapolis stocks show decreases Of
100000 bu so far this week.
b THOMPSON Of WinniDeg estimates thA
Manitoba crop at 65, 00O,O 900 bu. and reports
! that good rains of late have been bene-
4 fcial
Late in the session came a bearish
considerable selling. Shows report shows
. that rust damage Is confined to South
: Dakota, where the crop was attacked just
! about as it was ready to cut. The dam
age Is varlable-heavy in a very few
counties, light in a larger number with,
none worth reporting In a majority Of
+ cases. In reports from twenty seven
q counties In Minnesota received this morn
! Ing rust Is noted In but three with no
claim OF damage in these. Returns from
Barnes, McHenry and Kidder counties,
! North Dakota, specifically deny any ap-
pearance Of rust. In South Dakota Lin
/ coin, Hutchinson and Sphinx counties re-
port some damage, while Brule, Hyde and
Lake report the crop harvested without
any showing Of rust
B. G. Ellsworth Of Milwaukee was on
,ehange. Mr.. Ellsworth has been thru
South Dakota, and from what he saws.
In the districts covered he thinks wheat
has been damaged about 25 per cent.
Primary receipts, $4,000 bu, against
/ 64S, 600; shipments. 4s7,O00 bu. against
%19SOO0 ,. -,,s'
(, Clearances, 35, 600 bu.
The Van Dusen- Harrington crop report
induced some selling of wheat.
II Chicago reDOrte6 250 O00 b,, 80 NJ
= northern sold at $1.o3 to $1.o31a. Cash busi-
ness IN Chicago yesterday was Is, 900 bu
OF No 1 northern at $1.O3 in store; 5000
) ou OF NO. 2 red at 95c; 5000 bu at 95Ac,
4 ana 1000 bu of No. hard at 93c Sales
sof corn, 100000 bu of No. and 5000 bu
: OF No. 3 yellow. Sales of oats were 5000
bu old standard at 40c in store; new stand
sard sold In sample market, b, at $50
ITO S7c. and a car of old brought 1910.
35Mc. ~
September closed at e6c, the closing fig
9Ure of yesterday. December closed at
s215c, and May at 94A@94asc.