The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-18
May Sells to $1.125s, and July
to. $1.095s, Both Reactinp
-. Somewhat Later. 49,
The Southwest Bearish but the
Northwest Afraid of More
Bad Weather.
Local Stocks Decrease 449, 315
Blu. for the Week; Total
Now II, 1868, 351.

Minneapolis Chamber of Commerce, March is.
Wheat closed the week strong ana cent up
from yesterday Weather conditions were an
influence. Rain and the possibility of drop
in temperatures and freeze-up before Mon
day scared the shorts Not all the buying was
1or short account. Some new orders came H.
both from local traders and from the country
The expectation Is for continued unfaVoraole
weather and strong markets. The weather.
conditions. in short, point to reinstatement OF
winter by Monday, which might cause some
buying Of July wheat. Kansas City dlsPatcn
says the newspapers this morning We're tull OF
good crop news. Specials from Topeka say
nearly half the acreage in Kansas Is In the
Arkansas valley. Coburn secretary OF the Kan
sas State Agricultural society. says the STAND
IS luxuriant and vigorous. The whole valley Is
green with wheat. Farmers are pasturing their
stock on it. The whole state had wettlng
down last night. This is the sort of talk to
make bears, and there are many OF them IN
the southwest Up here sentiment Is not SO
bearish. An important message. relative e.. 10
delivery on contract, came from JEFFERSON CITY
1t says the house committee upholds the POSI-
ton taken by the warehouse commissioners III
admitting red Russian fife and native wheat
and gives the same treatment they would ask
FOR Missouri wheat.
Primary receipts. $4,000 bM against s'e'ooo,
shipments 256,OOO against 100000. Clearances
.1O1 900 bu.
Australian wheat shipments this week $40 900
ibu; last week 1852. 600 bu; last year 116,OOo
r.. Broomhall estimates the worlds wheat shipments
this week at 100000 bu. 49,
y The weather map SHOWS EalnS III AeAao' INA
.homa, Kansas Nebraska Missouri, Iowa, llll-
,nois, and moving east the Ohio valley Tenn
Iperatures are lower in Canada but seasonable IN
other directions. The following is the weather
forecast in full: Illinois. Indiana, Missouri
Lower Michigan. Inconsistencies and thun-
derstorms tonight and Sunday; much colder
North Dakota. Nebraska. kansas-Generaliy 1alf
tonight and Sunday; colder. Upper Mlchlgan-
Rain turning to snow tonight mad Sunday; cold
.! er. Threa tening and colder tonight with rain
or Stow in east portion; Sunday partly cloudy
with colder in east and snow furries IN north
east portion; high northwest winds. Diminishing
Sunday. Iowa-Ran and severe squalls tonight
followed by fair Sunday: much colder. South
tDakota-Threa tening much colder tonight Sun
day fair Montana--Party cloudy tonight and
Sunday with possibly rain in the northwest; va
rtable winds. Indications that the storm
will move noftheastward over the central val
leys and western lake region. accompanied by
rains and severe local storms today and tonlsht
and followed Sunday by much colder weather
Logan says: 1T is too early to talk about
a corner in May wheat so long before the matu-
rity of that future. Many things can happen
between now and then to change conditions, put
at the moment the action Of the market should
convince ali that there Is commanding inter
est in it that can dictate prices. For this reason
radical fluctuations to be expected so long
as the. present large open interest remains IL
Evidence
~:Minneapolis stocks decreased 449,315 bu for the
week and for one day to count into next week the
decrease is about 100000 bu.