The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-29
At the Opening Chicago Makes a
New Low Price for May.
at $3.50.
Minneapolis Holds Firmer and
Prices Not as Low as on the
Former Decline.
Stock Market Declines Affect
Wheat Sentiment Unfavor-
ably in Chicago.

Minneapolis Chamber Of Commerce, APRIL %
It was all off with wheat again today. Aester
days closing gain was wiped out ana prices wen.
lower again. Chicago May, checked on FORMER
decline at S6aac, made new low early al
S616c, selling on first trades at this figure. tne1
jumping to SOC. Minneapolis May and July dlo
not go to former low levels, but stopped at
eS%c and 81 1ac. Traders who figured that tne
decline had been so greatly oyerdone that rally
would follow on the last day of the month were
disappointed Nothing could be learned as TO
prospective deliveries, but Monday Will be May
i, and there were still enough longs who did
not want the stuff delivered to them to make
selling predominant. The stock market was
also very weak and this had sentimental effect IN
Chicago Trade not very heavy. Locally
there were 131 cars in against 81 chicago hao
So and Duluth 2, st. Louis 5000 bu ana han-
City 10000. A holiday year ago lett no
comparison for these markets Winnipeg had
Il cars against 1914. Minneapolis elevator stocks
decreased GAO. 800 bu for the week, leaving 912s'-
833 blu in store. -... Ill -. T.. .
The Commercial West says: 1.-THE item of
chief interest this week from winter wheat dis
tricts Is the report Of threat Of Hessian fly In
central Nebraska and the appearance OF red rust
in Texas, The latter would perhaps not be of
much Importance were 1t not that Texas has had
more than the desired amount of moisture. which,
experience taught last year, helped the develop.
ent of the rust into its last stage of black rust
This may or may not prove a factor Of interest
tn Texas. There is complaint that wheat has
not grown much in Kansas and Nebraska. due
to lack Of moisture. but with the rainfalls this
weeR we anC1C1pdte DeLteI reports Will De 1olt
coming within ten days. On the whole we think
the crop prospect continues favorable"
Primary receipts $4,000 bu against 165, 900;
clearances wheat and -four 81, 900 bu. Australian
wheat shipments this week. $4,000 bu: last
week, 1900; last year. 1,2A.O0O. Arrivals of
breadstuffs In the United Kingdom the past week
were about 44Co 900 bu against $3.50, 900 the pre-
vious week and 1896, 900 year ago.
Broomhan cabled: After opening unchanged.
declines of I'D and sd occurred factors being
the Modern Milers estimate of the winter wheat
6,ao rfS NV
weak undertone developed. The estimate Of big
American corn shipments the past week and
lower offerings Of Argentine corn caused open
ing declines Of 1sd and further losses Of I'd.
The weather map shows more moisture at
Swift Current. QAppelle, Minnedosa, Williston,
Bismarck and Huron: light rains at Sioux City.
Omaha, Oklahoma, Fort Worth; good rains in
Illinois, Missouri, Indiana, Ohio. Kentucky and
Tennessee. Temperatures lower in northwest and
southwest.
The forecast says: Illinois, Indiana. Missouri
Kansas. Nebraska, Dakotas. Minnesota, Wiscon
sin. fair tonight and Sunday; Michigan, threat
ening rain; cooler.
May closed at 94Ac and July at 926921kc