The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-27
Rallying Later and Closing the
Day at $1.141s- Trade
Livens Up.
Corn Goes Down to 4714@473ac,
but Comes Back with a Jump
to 1890.
Fine Weather and the New Or
leans Fire We're Two In
duences Today.

: Minneapolis Chamber Of Commerce. Feb. 27.-
Wheat and corn fell off together to open the
was the influence, and as the clear skies and
70 Az @47Bc. Principally the good weather
was the influence, and clear skies and high
temperatures suggested good period to come
for winter wheat and favorable also for a heav-
Ter movement Of spring wheat to market, selling
began and the market weakened Because there
year ago. the bears looked for still further
decline before the close. This heavier move
ment was not very favorable to the price, but as
the trade understands it to represent very large
u the cleaning out OF North Dakota wheat prior
to tax assessment time, 1t suggests a big falling
"a when a ss. ar is and 50 is not without its
Yators containing In the neighborhood Of 2,ooO,-
900 bu Of grain, hence there was some surprise
that this should be an influence for weakness
rather than for strength, and this was espe-
slay sarRrsng IN o eor r. Tor there was corn
and of 1t about e25, 900 blu was destroyed. Tho
corn traders figured, however, that the Illinois
Central road is practically put out Of business by
the fire, far New Orleans export trade is
concerned, and that it will be some time before
the terminal. can be put Into shape again, and
stead of towards the gulf. This was a PROPOSE.
tion to make the longs nervous and the market
in shape for a drive and tho bears Jumped on
corn hard enough to send 1t down to stop-loss
points when the sellers did the rest The trade
in the local wheat pit nvened up, but did not
represent much at that, for a good part of the
selling and buying was OF small lots. Statistical
ly there a worlds movement not weakening
but rather steadying, but the quantity of bread
stuns afoat was against nrn,ness, the figures to-
falling n892o00 bu, an increase for the week Of
2,S36.000 bu. At Fort William and Port Arthur
there are 5,605, 0O1 bu wheat against 1889 827
a year ago, and this the bears used with some
effect. Winnipeg got So cars today against
"a. Duluth had 81 cars against 46 and Chi
bu against $4,000 and Kansas City 1o7, 900
against 10000 Minneapolis stocks decreased
$4,000 bu for two days.
: Primary receipts 71s,O00 bu against SeS, 900.
Broomhau cabled: 1.-THE declines in American
markets Saturday caused an easier feeling here
With prices Nd lower at the opening. Later
March gained 1sd, May va and July I'd. owing
to higher Indian offers, the decrease in local
wheat stocks and smaller Russian shipments.
Corn reflected the easier American cables and
initial prices were $50 lower. This was followed
by better feeling later and prices recovered
lad and Va, the factors being the small ship
nlents to the United Kingdom and the New
Orleans fire. q very Arm undertone developed.
The weather map shows snow and rains in
Iowa. Missouri, Indiana and tho Ohio valley.
Clear northwest, cloudy southwest; temperatures
seasonable.
/ The forecast is as follows. Illinois, Indiana,
Missouri, Iowa, Wisconsin, Minnesota, Dakotas,
Nebraska, Kansas, fair tonight and Tuesday.
Michigan, snow nurries tonight, fair Tuesday.
May wheat closed at S114h and July at
S111X,