The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-24
81 .,, -.
MAY Goes Down to $1.09Ss and
July Touches $1.055s for
Ia the Low Point.
Good Weather Another Important
Influence for Price Re-
cession. ~
Receipts Still Running Pretty
Well Up-News OF the
Day.

]; Minneapolis Chamber of Commerce. March "A.
Wheat fell again today going to 81 .U9aa for
Nothing could hold it. There was tine weather
and good crop-Dews and BIG cars wheat III
minneapolis against BOO ii year agu. This would
have been enough to prevent rise, eut aada.
/ tiona to it there was the report or the re-Sale
to America OF 20, 900 barrels of Amerlcan-nlaoe
flour now in Liverpool. This was not senerally
known the floor. and SOME traders wondered
why the market weak Those VINO
knew it thought 1t time to get OFF the long
side, for. while the transaction was NOT IN nseil
of much Importance. the idea OF sending no9t
half way around the world and then buying II
to come back could not conceivable help sentl-
1ment any from the bull viewpoint. The Ar
gentine shipments of wheat were also heaV!.
Broomhall had predicted that they would run 10
4, 900. 600 bushels. and some had thought that he
had overshot the mark q little. for 1t is known
& that there is considerable railroad trouble IN
Argentine and wheat is not moving from the
interior as freely as it ordinarily would FROM
the ports, however. 1t Is certainly going out IN
quantity, for The figures for the week were
f4,464 900 bu. This more than maintained the
arovement to last weeks total Of 4.392,0Oo. and
ran il well over the 1872 Oo0 bu Of a year
ago. The men took courage from the hg-
ures. for of Argentina shipped only 10000
bu against 81 900 last week ana 5o5.eoO year
ago The Liverpool market was neither strong
nor weak at the opening. and apparently there
Is no bull enthusiasm there, while at the same
time there is no special effort on the bear side
4 The movement 10 market light at points
other than Minneapolis. altho the totals at
Winnipeg and Kansas City were large compared
with a year ago. Winnipeg getting II cars
against % and Kansas City $4,000 bu against
10000 Duluth had only cars against So,
! Chicago az compared with s.
The Winnipeg market the weakest of any
j Mt first. wheat selling there &c under yesterday
before the other markets were off as much.
Primary receipts ASSOC bu. against 10000.
Cdearances of wheat and -four 10000 bu.
I The Modern Miller says: Highly favorable
1 wetaher for growing wheat crop has prevailed
and the growth of the plan has progressed stead
lily and favorably. Condition of crop in genera?
excellent for this time of year. there being few
indicat lions of Hessian fly. y feature Of the re.
ports this week is the numerous references
to the fact that the plant is growing where it
had failed to germinate earlier in the season.
where it had been feared that the wheat had
) been winter killed
Bradstret's report Of weekly clearances shows
Wheat and -four. 1.n4j.0Oo bu: corn, 2.97l 900
II The forecast: Illinois. Indiana. Missouri
Michigan. Wisconsin. fair. moderate tempora
lures Minnesota possibly showers: warmer. na
J kotas. fair. cooler Nebraska. Kansas. fair
+
z Nav closed at 81 1O1s al July at 81 O63.