The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-05-24
Big Doings in Chicago May Corn
and Someone Badly Squeezed
at &C. j
Minneapolis September Steady
and Firm and Quick to Re-
spond to Buying.
Reports Run Good and Bad and
Traders Get Much Both
, Ways. 49,

MINNEAPOLIS Chamber Of Commerce, May p
ALI interest conferred in Chicago today, %ne.e
more fireworks were touched OH n pol =, W ~
and. corn. Chicago May wheat sold 70 NV w ~. ~
Ii O'Clock and Chicago May corn to olc. Ahe
was q, scramble to buy the stuff and nothing We
Cor sale. The squeeze. put strength lhto ~. I
markets, at least 1t operated to MAKE u ,.,
very careful about selling short. IN tle -. nT y
apolis pit July wheat sold to S1os1s rom 4l.V "
and September between. IS Ac. and S4asc. nuy
wheat sold to Sis. Even had there oeeh no ssn
sation in Chicago there was much III she Aep1 -.
TO have made wheat firm. Abilene, 1eAas' n"
! % inches of rain, which Is not neeoeo' anu
Amarillo got 40. The northwest had ram
during the night thru the Red river YaiAey, IVY
heavy enough to hurt much ~put mol neeusu "a
Casselton, Comstock and Fargo, where-lt arlz4teu
thru the night nor was tho light rain ac ekeus$
Falls of any special benefit Thru minnesota
and the Dakotas generally there were httle Snow.
ers but above the line a heavy oo"npoui was
shown Winnipeg, with a light rain this morn.
ing had only .os inch, but from the outsle es
the figures were heavy, 1.04 at Battle1ord; !.os
at Swift Current l. 81 at Qu AppeIle anu !. or
at NIinnedosa. This Is not such q bad showing.
Rains are not likely to hurt any thing growing
except in the Red river valley, and there noth-
ing heavy enough to cause alarm was repoF tea.
If 1t should rain again tonight, however, or II
a period CT cloudy skies should come more ner-
yousness might be expected Grain men want
to warm, bright weather for the valley and
rain for some little time to come.
Receipts here 1873 cars against 1O4, at DUG
luth against 5 and at Chicago l against 20.
ST. Louis had 10000 against $4,000 and Kansas
City 23, 900 against $4,000. Minneapolis elevator
stocks have decreased 325,00O blu SO far this
week. : ,~...' ..7 {; y
Ames- Brooks Of Duluth reported cash wheat
selling well and moving at rate that If cont1n-
ued will exhaust the stocks at Duluth two months
before new wheat begins to come in.
Liverpool sent over cable summary or an
estimate Of the French reserves, placing the
total at 100000 bu At the present rate OF
consumption. $50 coo bu a week, there is barely
enough to carry that country along to new wheat.
Piper says crop advices continue conflicting,
but sentiment is extremely bullish among most
professionals. Damage reports are given more
credence than favorable ones. Kansas ady1ces
today pessimistic than ever.
Primary receipts were 1890 bu against l95,
600. Wheat and -four clearances 1000 bu
G. V. Topping, secretary of the Oklahoma
Millers' associa tion says: "Crop reports from
millerS do not warrant any such conditions are
are being represented. Since the meeting Of the
millers the 18th and 18th. rains have oc
CURED and conditions are very much improved
the so-caled rust has disappeared and in nearly
all fields has apparently been washed off by re
cent rains. and cool, cloudy weather since ather
has been of great benefit. In getting reports
from over the territory the past day Or two con
ditions warrant the sta tement that 20 per cen
Improvement has been made within the las
week. and with good seasonable weather from
now on we have fears that will not har
vest an excellent crop"
The local markets held firm but quiet agains
the excitement in Chicago. >'
Minneapolis May closed at $1.1S1a, July 81. o.
and September at IS a assoc