The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-09-02
THE Options More Stubborn, but
Ali Weak at the Close and
Lower.
Talk of Big Receipts to Come and
: Much Expected In on
Tuesday.
Weather Unfavorable, but Prob
ably too Late in Season for
Damage. i
MINNEAPOLIS Chamber O:

& In part, the market sagged AGAIN ueai
end and PsP bon do of the at day
-..s3c. The primary movement was heavy,
With 900 HSae Year ar ago: M Minneapolis,
! with 422 cars in, against only 100 last
year, made a good part OF this, ana
600 bushels, against $4,000. Oother
leading points fell off somewhat, the
Chicago run being only 26 cars, against
9s; the Duluth run, 81 against 16, and /
that Of St. Louis, $4,000 against 1O4,-
600, but all in all the excess was con.
S. The edge was off the cash market |
again, No. L northern was Quilted down
!, and sales of new stuff were made as !,
2 low as $500, altho the bulk, went
higher. At the close the No, spot |
prices ranged from SIC for CHOICE. down
4 to s3Ac. Other grades were off in like
degree, and it was altogether a hard
proposition for sellers who tried to
make sales on basis equal to yester-
day: ,.4,,os+
stood for little, and the prospect; ap-
parently scared none. All the talk on
The floor was of a big run of wheat
and other stuff to show up here on Mon
day, and the fact that the spot price
for, No. | closed so low, showed antlcl
{ patton of it. The movement might, be
3nterfered with to some extent by bad
weather, but nothing has yet appeared
that would cause uneasiness. The map
showed the situation as follows: Fargo
Cloudy, cool, north wind and mlsting,
s. sm neov as rf argo all Nay GeneSeS
H Hunt Sam | Grand Professionally,
had some rain during night, looks like
more. Hillsboro-very cloudy and
cold, Sc above, has been raining all
night. Looks like, more. Osakis-
rained last night. Winnipeg-C1oudy
and cool, 30 above; about three hours
rain last night. st. Cloud-Partly
cloudy and COOL s. ; abSye Fained 4E;t
morning, clearing up now. Casselt on
| Cloudy quite heavy rain last night.
This could not be called a favorable
Is showing from any point: Of view, but
4 the weather has turned bad too late in
sE1 the season to cause the scare that
tie earlier. With This is the forecast is
Indiana, Missouri, Wisconsin, Minneso.
ia, Kansas, fair, cooler. Iowa, the Da-
kotas, Nebraska, fair, possibly light
frost tonight. Michigan, showers,
Il cooler. -.e.st .,.
AS there will be no session on Mon
day, it is not unreasonb BILE to look for
AZ "a big. run Of wheat in Minneapolis
q on Tuesday; At the rate the stuff came
81 in today, 600 cars on Tuesday would
Il be about the. expectation. This was
Y the big consideration that made the
N weakness at the close. The question
& Is whether the cash stuff will hold up
IN n will RI hc
81 better than it. has been of late to
VI hold it. Z.
d Minneapolis elevator stocks decreased
q for the week by 261,o39 bu, leaving
Ell 811.70S in store. .-. -:
3 New YORK s:s wired yS that expert Mst+ bns q:
j rye, 8 loads; barley, 100000 bu. -
III nipeg: GA heavy frost would affect
ID the quality in some Of the late dis
ii tricts, but would not reduce the guam
City Of wheat. Harvest 90 per cent
sd.done and the weather is favorable
n Threshing will be general by the mid
FL die of next week.
III OF the macaroni wheat, which il
ID likely to cut figure this season il
b the Minneapolis market, the CONNER
Il cial West says: ~ II. @c%
ID Many Of the Minneapolis grain trade
I'd are OF Inc Op1H1On GIuaC our SuRReSClO1
lyof 100000 for the northwest maca
vfroni crop is too low. We would no
eaoppose such an opinion; indeed, in GU,
INFORMAL report we suggested the posi-
ability of 100000, and we shall no
Noe surprised if the distribution show
Mas high as 12,oOo,00o. The division
hbetWeen spring and macaroni is ;
mgness, purely. 49,
N The reason for reducing the yiel1
Mfrom popular Judgment is due to tn
@fact that macaroni this year is badl,
Wblighted and rusted in sections, so tina
1.-THE average yield per acre will be con
Msiderably less than last year, but Their
AS, of course, a considerable increase 0
SAScreage. We suggested last year tina
Ahe macaroni might run 100000, bu
We are satisfied this was too high. Min
-gneapolis and Duluth received but littl
more than 100000 bushels. If W
leave 100000 bushels for consumption
lwe| think 100000 bushels was all tina
the northwest had last year. With tn
increase of acreage this year and wit
il smaller average yield to offset i
part, we. have allowed for an increas
IF 100000 bushels, which may prov
ito be too low, but the above is the req
$3.50 son on which the conclusion wa
based.