The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-02
liverpool Off s1d and otnea For
eign Features Of Weaken
ing Influence.
The Local Cash Market FirBa and
Receipts Light at All
Poants.
4 Strong Tone at the Close With
the Shorts Very Nerv-
GUS.

Minneapolis Chamber Of Commerce, Feb. 2
Talk Of heavier Argentine wheat shipments ana
the large American corn clearances OF yester-
day threw of the Liverpool grain markets TO-
day and took the edge off on our side Liver
pool wheat closed I'd lower, and this put Mill
neapolis May down to $1.157a at the start.
The effect of the foreign weakness soon wore
of and May sold to $1.161s. 1t was seen tnat
the American primary movement for the gay
would be light, for all points reporting carry
had less wheat in than year ago save e enly
Duluth with rs against IT, the hour
movement from Minneapolis also Increased very
materially total Of 1,21O barrels going out:
This In sharp contrast to the nsure ~, ~
che preceding three days which were down
around 10000. Principally, this increase was
due to freight rate readjustment. but the et
fact favorable just the same. esp gsns
IN view of continued good cash wheat demand
and the presence Of millers In the Market.
Decrease Of 10000 bu in local elevator stocks
20 far for the week and receipts here touay .,
a91 cars against go year ago made IT look
IKE a decrease for the week of 2OOO ou at
least, as millers were reported to be taxing
some elevator wheat, being unable to get
further reports Of good cash inquiry, especially
Kansas city, where there only 10000 bu
wheat in against 100000 year ago. St. Louis
had only %, 900 compared with $4,000, and Chi
cago got IA cars against 20. Winnipeg had %
cars today and 81 year ago. s.rt +.
Thornton will say in the Duluth Commercial
today Deliveries OF wheat o oy no." W.T. nd
to Jan. 81. 100, COO, oou bu, total OF ~ PEE
sent out Of farmers hands, compared with 7bS
Der cent out Of farmers hands on Feb. l. 1904
The respective amounts in farmers hands, ex-
elusive Of seed, Feb. /, this year and last
year being 25, 100000 and 80, 900, 900 bu. Coun-
try elevator stocks are l. 700 900 bu smaller, but
terminal stocks, public and private, are about
1000. 900 bu larger, reducing the actual snort
age to II, 800, 600 bu This is borne out approx
amately by estimates gathered by William Dali
fympe company from various authorities.
The Northwestern Miller makes the flour trade
situation somewhat better follows: There
were again varying experiences the part Of
local millers as to trade for the week. One
company reported q fairly good business, selling
to 80 to the United Kingdom and the remainder
was Of clears sold in part to Japan. The grind
ing of Canadian wheat made this business pos
eibIe. OF course the reduction in eastbound
rates &c per brl was helpful factor. Another
company reported rather more interest from
BUYERS late in the week, with total sales slight
ly improved. Others had nothing GOOD 70 say
of the market, declaring that conditions We're
about as bad as they very we'll could be- Mer,
ciless cutting Of prices in the east was charged
an good many cases. Aside from the instances
noted no foreign business wus reported. How
ever, some bids from the orient were today
reported in the hands of millers."
The Price Current says: Gold weather IS 1m'
proving the grading and condition of corn. There
Is moderate commercial movement generally
under local feeding demand: Wheat crop intor-
nation from Indiana and Illinois somewhat less
uniformly encouraging, but we'll maintained else
where ...-. ','.
This report is to yesterday. Today there are
temperatur as low IA degrees below zero
reported from sections In the winter wheat coun-
cry, where the ground is bare Of snow.
Primary receipts 100000 b,, against 5O4,Oo
ehipments 2O9, 600 against 866, 600.
Clearances. "a, 600 bu. -
May closed at $1.16H and July at $1.187s.