The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-20
Chicago May Goes Down to
$1.o81a and Minneapolis May
Falls to $1.011a.
Minneapolis July Gets Under the
Dollar Line, Selling Down
to $3.50.
ALI Sorts of Stories About Gates
and Armour aud Their
Doings.

Minneapolis Chamber of Commerce. April ~
Stories Of the doings of Gates and Armour were
rife this morning. One ran to the eAeect tnul
Gates has given up the game ana paA. ID that
there will be no fireworks after all, am tha'
the big show Is off. Against yesterday,s, cioss
at $1.13ss Chicago May opened at III iI5S, n ral
ports. Soon nearly everyone in the pit was, on
the bear sides for break, seemed impenoA !;
Against the selling good support developed, aM'
while the markets were weak and M1nneapoEp
May sold down to $1.06, there was no such
smash at first as was anticipated, while july
wheat was stubborn around yesterdays 40" poiht
of SLOPES, and hard to put under. Inru tne
Hrst hour the market was SO uncertain that the
Oldest traders would scarcely hazard guess
as to the next turn. In Chicago Ha8es anu
Valentine were rounded up and asked 20 say
something to put the trade at rest but t'etes
would confirm nothing, while Valentine talked
about the situation and the posslpilty ol
foreign complicat ions, and, admitting that ne
bought July wheat recently, said this was the
main reason for it. The local decrease Tor the
week so far shown to be 800 Ooo bu' "hlcn
helped the bulls a little. Receipts here were
light, only IS cars, but as there were os , 20
parison. Later the shipments out showed III
/ ears, or against 77,430 bu received loS,zoo Du
were forwarded. This started further teta .ea
|, overwhelming Gates with wheat and when the
prediction was posted for rain tonight all mar.
kets suffered quick decline ON selling out OF
long STUFF and execution OF stopioss oroe ,,r
to s1.O2M, these being low points touched up
/, to II AS
! The bulls tried to get up some buying enthu
| siasm on the dry weather talk, but the trace
would not have it that way. The northwest IS
Ia little dry. but 1t does not mean anTInins
yet and the country can go Tor some TINE
| without rain before any harm will follow: Inc
southwest is dry. but the prediction is Tor
hprobabIe rains tonight in Nebraska and Kansas
I and precipitation in some form for Illinois, III,
diana Missouri and Michigan The full report
| for last night showed ga inch at Omaha and
| Keokuk and IS at indianapolis. North Platte
Ehad 66 and at that point and Omaha 1t was
| still raining at o'clock. Other points mao
/ only sprinkles as follows Valentine, Nebs, ~
tsioux City 49, Des Mones Is; Dubuque, IL
EDodse City .20 Concordia, 20; Kansas City, ~;
Chicago 10, and Wichita trace. Temperatures
Pare higher southwest, and about stationary north
west.
/ Chicago receipts were 76 cars against 81, and
( at Duluth cars were in against 10. Kansas
City received $4,000 bu against $4,000, and st.
! Louis A. 900 against II, 900.
! The Price Current says: Recent less genla
weather has In some degree disturbed the taToT'
able position of crops, but no radical change
| has occurred. More moisture and warmth Il
| needful for oats and spring seeding operations
! Primary receipts, $4,000 bu against lS4,o0o
clearances wheat aud -four, 81, 900 bu
! Near the hour the market became de-
.noralized and all options fell off sharply. May
! sold down to ST OF u and July to 9o7sc. A rally
/ near the close carried the market back up
little.
! May closed at 81 .02% and July at s1.OOA.