The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-04-07
The Bears, with Several Things to
Help Them, Fail to Break
r. - $500
the Market.
No. 1 Northern Here 114o Over
May-News of the Grain
Markets.

minneapolis Chamber of Commerce, April L.
Easy cables growing crop reports from the
winter wheat states and fine weather gAnerally
were against the price of wheat today. Chicago
held up after the market opened and was d
shade above yesterdays close, and this Chicago
strength checked selling here. Locally the tone
was weak, and so fine was the weather and SO
bearish the feeling it engendered;s that Mime
apolis in all probability, would have had
sharp break but for, the outside strength No
& news Of Importance came along 10 account iof
The action of the Chicago market except tne
! sale of 10000 blu cash wheat to eastern mlllers
followed by buying of futures led by Bartlett.
If one to draw the differences ma rural
. to the present situation he would see an effort
to hold up the market An Chicago and to SELL
wheat quietly meanwhile Such differences might
g be wrong, but the action of the market would
warrant them. Apparently the longs IN Chl-
Tcago May, finding no change to delay sending
: In the northwest. no let-up in favorable winter
wheat crop news and steady accumulation of
northwest stocks still continued, trying to
let go their May. Naturally they would not
throw it on the market at once. They are
3 sending out bull news from Chicago, meanwhile
| peddling it out in small lots
:. The increase in local elevator stocks was
85O 752 bu for the week, which raised the total
B to II SS7,71s bu in the weekly report and, with
+ 25,oeO blu increase for day since making it
{ up the actual total today Is II $4,000 bu. For
4 the day the receipts here were comparatively,
b heavS, 2A2 cars compared with LAG year age,
j and for other points the comparisons were 81
{. and Z in Duluth, 5 and Is in Chicago, 1926 and
Z AZ in Winnipeg, p 900 bu and $4,000 in Kan
sas City and $4,000 and $4,000 in st, Louis.
Cash demand was good at NC over May for
s Mol northern Reports of continued good cash
/ demand in Minneapolis stirred up the Chicago
L bears today. and of them wired J. D.
+ fraser asking How is 1t that, with only a few
4 hundred cars in Minneapolis every day, and cash
Il demand always reported as good elevator stocks
are increasing daily?" 1t was a poser. 1t Is
like the question Of continued poor -four de.
mand and shipments today Of over $4,000 bar
xels. These things are mysteries. .
Bartlett, besides buying wheat freely, bought
considerable in Chicago and strengthened
/ all the markets. e. o.. -.. .-..
{ Marheld was a seller of September wheat in
Chicago and buyer of July at &c difference.
VI The figures covering the stocks Of -four in the
United States on April 1 appeared There Is
total of $4,000 barrels against $4,000 last
month and 10000 year ago. .; - ,.,...
As Primary receipts were $4,000 bu against
PSI, 900 year ago. and clearances of wheat and
-four equaled 600 bu.
~ Winnipeg May closed IL @13sc over Mime
apols, most unusual difference.
The southwestern crop bulletin issued at Kan
sas City, says: Rarely, if ever, was the grow
ing wheat more promising on April 1 than it is
this season.. While somewhat late in more ele=
waited portions Of trans Missouri Territory, it is
showing healthy color everywhere, and no COM
plant of any kind is heard at this time, which
Is very encouraging when it is considered that
The southwest grows over 40 per cent OF the
winter wheat crop Of the United States The
fact Is that not one Of our numerous correspond
ents reports anything except that which is en-
coIlraging at this time" g.: n. : -. - .
The northwest weather at noon Comstock.
partly cloudy; IS above; Hillsboro clear, fine,
10 above; Casselton, clear, fine, 4b above; Win
nipeg, cloudy, calm, 80 above; aMayyile.& clear,
I fine 40 above; St. Cloud. clear, calm, fine, So
above; Grand Forks, clear, fine; Fargo, clear
i fine s.-.. ~ :. .s,-s4 ~,.- e. q
! The southwest weather: Peoria, III, partly
cloudy temperature about 40; Springfield, ILL.,,
clear and fine; Kansas City, cloudy and warm,
no rain; OMAHA partly cloudy and mild; st.
Louis clear and fine: Chicago, clear, warm,
fine. :G5&s5 3d.. @aEss~ ~.
The forecast: Illinois and Indiana, showers
sunday and probably late tonight, warmer to-
might Kansas, threatening with showers tonight
sstnd in the east Sunday cooler; Nebraska and
South Dakota, rain tonight and Sunday, warmer
last, cooler Sunday North Dakota threatening
tonight and Sunday, showers east and central,
Issbeler Minnesota, rain tonight and Sunday,
l.f arnler south and west. cooler west Sunday;
faasiissouri and Iowa, showers tonight and Sun
!s..ss. warmer; Wisconsin,, showers Sunday and
late tonight .,...~.