The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-18
Prices Jump Quickly on Any
Buying, but Decline Only
on Pressure.
Only 81 Cars Wheat in Here and
100 Shipped, Principally
to Chicago.
This a Bear Influence in May, but
a Bull Gard in Mime
apolis July.

Minneapolis Chamber Of Commerce April 1e.-
Traders who sold wheat yesterday were up
against the supply proposition again today Tor
there were only 81 cars received against 81 last
year, and 12o were shipped out. The serious
ness of this, with reference to Chicago May, was
soon manifest, and with 157. cars In Chlcaso
against 40 a year ago. it was clear that the
movement that way Is on in earnest and the
test is under way. Gates and the bulls are De-
ginning to get the wheat, and In twelve DAYS
more the bears will be able to deliver 1T II
they so intend. What this will do to the corner
remains to be seen but meanwhile 1t Is having
effect directly opposite In Minneapolis July. That
option Is stronger and inclined to advance on
any little buying. while 1t resists pressure very
we'll. This is entirely natural in view of the
late developments. If one is to try to forecast
the markets while Gates is manipulating Chi
know what big plunger Will do. especially
one Of the personality Of Gates. II the legiti-
mate supply conditions that follow the shlttlng
around Of lots Of wheat, caused by the Chicago
deal, are to be basis for an opinion, then one
might reasonably look with some favor upon
Minneapolis July, for certainly there Is not 60
ing to be any more old wheat here IN July
than In May in any case. and II the wheat IS
to be taken out Of here the July supply situa-
ton might become acute. At Duluth there were
10 oars against 20, at Kansas City o. 600 ou
sganst and at st. LOUIS asouo aFa an
Minneapolis elevator stocks have decreased son.
900 bu so far this week.
Primary receipts were s29'o GOO gu o ega ms
C1earances, JOG. 900 bu.
The worlds visible, according to Bradstreets'
figures decreased ALL, 900 bu.
Wheat stocks at Port Arthur and Fort Will
liam increased by 351, 1888 bu last week. max
ing the total 1907, 900 bu against 6,34e ,0o0
Kansas City wired: The fact that favorable
conditions for rain fail to bring any rain in
Kansas. Nebraska and Missouri Is beginning tc
cause some uneasiness. II hot weather comes
without any good rains there will be much talk
Of crop damage
The forecast: Illinois. 1ndiana-Fair, moi
much change in temperatures. Missourl-Proh
ably showers west. warmer. Nebraska. Kansas
Showers warmer. Michigan Wisconsin--Fair
frost tonight. Minnesota. North and South Da
kota-Fair. warmer.
Broomha1rs weekly foreign crop summary
United Kingdom France-Weather and crop pros
poets excellent. supplies native wheat extreulel,
email. Germany-Weather continues cold ant
windy, wheat supplies decreasing. Hungary
Roum ania-Weat improved from week ago
crop now making satisfactory progress. ITALY
There has been local damage from frost IN som
sections and rain needed. but generally crop
have favorable appearance. Spain-Reports 0
general rains over drought-a ffected district
been confirmed. North Africa-Crops have bee
damaged by drought and excessive heat.
May closed at $107A and July at $1.osss
1.O3h,