The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-28
But the Market Shows Great
Stubbornness Against All
Pressure.
Prices Declining Only Moderate
ly-Good Weather in the
Forecast.
Texas Will Be Cutting Wheat
Generally in a Few Days
More.

. Minneapolis Chamber of Commerce. May 2S.-
First effect Of change for the better in the
weather and more favorable forecast was an
easier in wheat. Traders who expected a
break were disappointed. The market sold of,
. but it could not be pronounced weak. Later,
when the early sellers Of short stuff
indication Of any Important decline, they be-
gan to cover and prices hardened again very
quickly. The forecast not entirely
assuring, for while the local posting for
warmer weather, the general forecast for
showers again in Minnesota. AS matter Of
fact. the change which, from present indica-
tions, is going to work around gradually to
higher temperatures and good growing weather.
is better than if it had come Off hot right after
the rains. Advices from North Dakota favor
able, and the Red River valley got less moisture
after all than many supposed who watched the
recent heavy rains here, for Minneapolis re-
cclved more than the country further north. The
:; valley is wet and very backward In the bad
| places, but conditions are worse than last
- week, and this morning the prospect seemed a
= little better. Chicago ran up May to $3.50,
+ from S6Ac, and the whole market trmed up a
little, but Minneapolis soon turned heavy again
/ and sagged back. Towards Minneapolis
July s2Ac against Saturdays close at
S31sc, and September So7ac against 81 &c.
=. Cash wheat was shade frmer at III @2o
! over July for No. l, and July price to NC over
for No. 2. Local stocks decreased 225,O0o bu
for two days. Receipts, with comparisons for
cars and oil; Duluth, % and none; Chicago,
f"s and 10; Winnipeg, 1877 and 40; St. Louis,
f, q, 900 blu and $4,000; Kansas City, $1,000 and
! >5s, 600.
/ all around. altho America shipped a
little less wheat The quantity on passage, nj
/ &c, 1852 600 bu decreased j, 72s, 900 bu for the
! week. At Fort William and Port Arthur the
! total in store was drawn down by 6S6,080 bu
!, during the week. leaving 8,5so,235 bu in store
against 1898. 5e4 year ago.
Primary receipts. 100000 bu against 100000
i%Claarances, 39S, 900 bu.
p The weather map shows little rain in the
northwest over Sunday. Raining Rapid City
s D.; light rains in Nebraska, Iowa, Missouri
general rains in Illinois, Indiana, Michigan
! Ohio and Kentucky, and cooler over entire gra1r
belt. In the Canadian northwest temperatures
+ were 50 to As. cloudy; Calgary rainfall, ~
Swift Current, 90; Medicine Hat, .o4. North
west temperatures ~ to 80, partly cloudy; St.
Paul. .o2; Rapid City, raining, 2e
Western temperatures - to As, partly cloudy
light frost at Des Moines Southwest tempera-
lures, 20 to es; partly cloudy, raining; trace
at st. Louis and Springfield, Mo. Ohio Valley
temperatures. 46 to 50: cloudy indianapolis, .ss;
natl, on.
Following is the forecast in full: Kansas ant
Nebraska, showers tonight or Tuesday, warm
er; North and South Dakota. rain tonight and
Tuesday rising temperatures; Minnesota, show
west; Iowa, fair east, showers west; Illinois
and Indiana, fair, rising temperatures; Missouri
fair east showers west; Michigan, fair, fros
tonight, tomorrow; Wisconsin, fair, fros
In east and central warmer In west warmer
Tuesday.
Dallas. Texas, wired: Condition Of wheat croI
good. indicating crop Of about 100000 OF
12,oooo 600 bu. They commenced to harvest IL
southern Texas week ago.
Fort Worth, Texas, wired: Begin cutting
wheat this week in Texas and few points ii
Oklahoma. oklahoma stuff will be threshet
largely from, the machine and come forward