The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-22
May and July Move Up and Down
Losing a Little for the
Day.
A Big Cash Wheat Trade Of Be-
tween 100000 and 2,o0o,-
900 Bushels. ..
Light Receipts and the Weather
Are Still the Important
Influences,

Minneapolis Chamber of Commerce, March %.
Following an early dip that put May wheat
back to Slips and July to $1:0sas. the mar
ket turned firm and sold back up new buying
coming In on the break. Rain and light re-
ceipts were again the influence, as they were
yesterday. Kansas City and Winnipeg were
the only points with better totals than year
ago. the former getting $1,000 bu COM
pared with $4,000. the latter 80 cars against 80.
Minneapolis had only 1874 against 236, Chi
eago 10 against 9, Duluth 10 against 80 and st.
Louis 10000 bu against 10000 The market
is not likely to sell off much while local receipts
hold so light The trade is now watching this,
as 1t Is the leading influence. Some reports
from around Peoria hint at the probability of
dry-weather scare soon there has been
little rain thru central Illinois for some time.
This is speculative prospect and nothing more.
The matter Of light receipts locally is an active
proposition. More wheat must come in here
before the bears do much Later it may
be that light receipts or not, prices will de-
cline, but at present there is a period Of I'M
certain weather and Of uncertainty to crop
prospects, and until the crop favor
able the short supply argument will probably
be enough to prevent bear market. change
In the weather might have temporary effect.
Primary receipts, 2s1 900 bu against 4O4, 600;
shipments, 29s,OOO against >2s9, oOO; wheat and
-four cearances. IT 900 bu.
Broomhall cabled: Wheat, after opening IN
changed, eased of I'D, large Argentine estimate
not having more effect owing to trade here
being skeptical as to its accuracy. Later the
market reacted to opening figures the result
Of good buying by La Plata houses and good
inquiry from 1.-THE continent for cargoes. Corn
. opened unchanged. but during the morning de-
cines of l4d and sd occurred. the factors
being realizing by longs owing to talk of larger
American Shipments
The forecast in full is as follows: Chicago
and Ficnity-Showers and probably thunder
storms and warmer tonight; Thursday showers
followed by fair and cooler in the afternoon;
brisk southerly shifting to northwest winds
Thursday. Illinois, Indiana. Missouri, Lower and
Upper Michigan. Wisconsin and Minnesota
Showers and thunderstorms tonight and Thurs
day. North and South Dakota and Nebraska
Partly cloudy tonight and Thursday fair. Iowa
Showers and thunderstorms tonight. with cool
er in northwest portion. Kansas-Partly cloudy
and cooler tonight with showers in southeast
portion; Thursday fair. with cooler in southeast
portion; fresh northwest winds. Indications
are that the western storm will continue its
movement eastward across the central valleys
and upper lake region, accompanied by showers
and probably thunderstorms. Rising tempera-
ture today and night will be followed by some
what cooler by Thursday night.
AS the market closed the report went around
the floor of big trade in cash wheat. Peavey
was said to havoc sold between 1000 900 and
100000 bu to Washburn-Cr Crosby, to come out
of elevator.
May wheat closed at Slips and July al
4 81 .09$ .091a.