The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-04-12
Good Gains
Foreigners Buy in New York and
Chicago-A Long Holi-
day Ahead.
Cash Prices Harden and the Local
Figures Turn Less
Bearish.
Weather Uncertainty Makes for
Firmness in the Coarse
Grains.

Minnespc Chamber of Commerce, April p
The bulls got firmer grip on the wheat mar:
Jet and followed up the gains of yesterday and
tuesday with another advance today Before
he market opened New York reported the pur-
shase on the curb for European account OF loO,-
90 blu May wheat at a q sc over closing prices
< yesterday, and Chicago also said that Liver
col was buying futures. 1t was easy to see how
ne English markets were affected for Argen'
Inc shipments, that last week were 4,3b2,OO
d, were only 2.744,000 bu in the total for this
seek, which was sufficient in itself to influence
uying. With this there was the long holiday
head for Liverpool will be closed until Tues
az next. Naturally there was some hesitancy
bout standing over on the side OF price ue-
ression for long time. The same consider
tion had some effect here, for the Minneapolis
hamber will be closed tomorrow. The forecast
romises rain tonight and Friday and colder
leather, and should there come any generally
sor coarse grains, over the Easter holidays,
srices would rise, in all likelihood There was
Fnough in all this to give the bulls good show,
tut in addition the minor statistical items were
or the most part strengthening and the local
moving favored frmness. Stocks had Increased
co. 900 bu to yesterday, but some wheat came
!, Sut of elevators and the increase for the week
n likely to be about $4,000 bu. Receipts here
ibday were also moderate, 1T cars, against TIA
Il year ago, and there was strong demand Tor
ash wheat at IN @2c over May for No.
horthern ~
y The Price Current thinks the government con-
.ftion of SOL for winter wheat a little low.
Kansas City grain men say 1t is to 8 points
,po low. Nicollet Of Kansas City believes it
lhould be 95, not IS, for Kansas. Boynton
Ays 81 for Kansas, not IS, and Allan Logan puts
Kansas at 90. Thomas Miller, operating thirty
light houses in southern Kansas, says conditions
his territory are perfect, and Smiley, secretary
the Kansas Grain Dealers association, be-
deyes the conditions in that state to be nearer
B than IS.
! Receipts at Duluth compared with year ago
fere 33 cars and 8, Chicago 1 and Al. Winnipeg
hi nd
It. Louis %, 900 bu and II 900 bu.
The Northwestern Miller says there is an
hcouraging inquiry for spring -four from Europe,
nd a moderate quantity Of patent. as we'll as
Z clear, is being currently sold The last week
jas been no exception in this respect. Holland
Jas bought first clear to some extent and. Baltic
aarkets have also taken more or less Of that
fade.
=. The Minneapolis Market Record has a summary
Pvering the supply situation in the northwest,
nd says in part: Taking the stocks at Min
eapolis and Duluth on the first of the month
5,41371s Blu plus the estimates of the interior
o1dings of 43, 500. OOO the total amount of wheat
yatlable in the three northwest states from now
ntil the harvesting Of the new crop appears to
= 6s,s1s,71s bu. 1t is reasonable to assume
nat demand will not vary much from year to
ear within moderate period: The most COM
-tete figures obtainable on the requirements of
be flour mills in the northwest are those giveI,
y the Northwestern Miller for the crop year
BOB. Using these basis the mills should
,quire from April 1 to Sept. 1 about 81 100000
4. Last year the TWO northwestern term1nal
larkets shipped out 100000 bu in five months
I'D 1t is presumed this will be- approx
nately the Allowing that half these
ifpments go to outside mills In these north
estern states, the other shipments would be
100000 bu. which added to 81, 900. 900 bu to
lind would make the total requirements 50,
10000 bu from April 1 to Aug. 81. According
II these figures even allowing considerable lee
ay for errors 1t would seem fair to suppose
lat there is need for all of the spring wheat
DIV in the northwest a.:
Primary shipments, 275,ooo bu, against 1856,
20. Clearances $500 bu.
Following is the forecast. which is rather
favorable: Illinois, showers tonight ant
riday, warmer. Indiana, showers tonight ani
riday; warmer tonight. Missouri. showers ant
-lunder storms tonight and Friday; warmer il
ist and cooler in west tonight: cooler
riday. Lower Michigan increasing cloudi
ess, with showers Friday and pos
bly, in southwest tonight; warmer
Wisconsin,, showers tonight and Friday: warm
tonight: cooler west Friday. Minnesota. rail-
onight and Friday: colder in south and ives
riday. Iowa. showers and thunderstorms to
light and Friday: warmer in east and centra
nd cooler Friday. North Dakota, threatening
nth rain or snow: colder. South Dakota. rail
onight possibly turning to Friday: cooler
-ebraska, rain tonight and possibly Friday
ooler. Kansas threatening. with showers an,
hunderstorms tonight and possibly in northeas
riday ',.-.-r-' .