The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-02
The Bulls Regain Confidence and
tha Bears Become More
Cautious.
John Irglis Back from Argentine
B. w. Shows Report Due
Tomorrow.
Better Tone in All Markets.
Receipts Here Again
Larger.

minneapolis Chamber OF Commerce, March g.
After the ssorm of yesterday came calm today
and the wh@t market settled into steadness
on range og $1.12& to SLIPS. The timid bulls
stu held of, for they feared the end had not
yet come an. that another break was due. but
good manS concluded that the big pressure
was off and chat at $1.1OA yesterday the low
point tosched. The buying was not heavy,
but 1t was steady and little orders kept coming
In Chicago settled down in both corn and
wheat, and all other markets showed better
feeling. The lighter receipts of yesterday were
onset today by total of 1852 cars, Of which
two were from Canada. compared with 19e a
year ago. The weather was an influence for
weakness, as was also the report of the Price
Current. which says the prevailing wheat crop
indications favorable. Wheat supplies are
estimated by the Price Current as within
$4,000, 900 bu Of the total Of year ago. The
consumption Of thru the winter was prob
ably never equaled heretofore. The summary
Vas taken as rather favorable to the price OF
corn. but not SO In wheat. John Inglis, who
summary OF his observations appears else.
where in this issue. Tomorrow B. W. Snow is
due 10 come out with winter wheat report.
and It may be said that the winter wheat out
look as market influence is now In first place.
We may expect to hear less Of cuQues and cor
ners and moro OF crop conditions and statistics
relative to supplies. Best opinion here Is that
the movement to market in the northwest will
tighten very materially before long, or when
the last Of the stuff loaded out ahead Of as
ssssment day has turned up. There 1s little
out the figures. but report has It that the entire
Peavey line contains only 200, 900 bu. If this is
the case. it is significant Of light holdings gen
orally. Today there were 1e at Duluth
against g. and exactly the same figures were
posted for Chicago. Kansas City got $4,000 bu
against 117,o0o. and st. Louis 1000 bu against
1i9. 600, and there were 80 in Winnipeg
u against SO.
The corn advices, with reference to the settling
, Of corn upon q commercial basis, very
favorable. Twenty-Five loads. or 100000 bu, were
sold yesterday at very satisfactory prices. This
corn is to go to- Glasgow, Antwerp, Hamburg.
and Christian1a Europe Is a free buyer OF
American corn. and with outward movement
Of half million day. prices Of
futures are not likely to decline much.
J Minneapolis stocks Of wheat decrease 10000
bu for five days.
Broomhalrs Argentine agent estimates this
shipments at 100000 bu.
Temperatures are mild all over the United
States and in Canada: If anything, slightly high
er than Yesterday. In the winter wheat states
the mercury averages 80 to 40 above. In Ne
braska it is 70 to ~. in Kansas SO to 20. In
the northwest temperatures range about the
same. Over in Canada the mercury shows 40 to
a. The weather the whole Is clear. There
has been some precipitation in out-of-way spots
Chicago registered 80, in the gulf states the tenn
peratures were so to go.
Missouri Iowa Dakotas Kansas. Minnesota. fall
tonight and Friday; Michigan. threatening to-
night. possibly light snow furries. warmer; Wis
g consin, partly cloudy tonight, fair Friday.
May closed at S1.12s4 and July at S1.1O1s q
1.1Ok.