The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-28
Nothing Especially Bearish, and
Likewise Little to Sustain
the Market.
How the Supply Situation Looks
to an Eastern CONNER
cial Writer!
Cash Wheat Acts Well and Flour
Shipments Pick Up
Considerably.

Minneapolis Chamber of Commerce, March ~
-Sagsing prices marked the opening in wheat
and after short interval of trading Minneapolis
May was off to 76Ac, Chicago May to 713c.
There was no new influence of decided bearing on
either side. The local showing was an increase
in stocks of 20, 900 bu for four days. Some out
side milling demand noted in the cash mar
ket and business was good at 1c over May Tor
No / northern. Liverpool, coming Esd lower on
second cables, made the tone weaker. weather
reports and outside advices We're lacking In color
There was scarcity of news and the trade fell
back upon consideration Of statistics Mime
apolis got $50 against 211, and the other
. comparisons were SO and for Duluth ana ~
for Chicago Sc and 6S for Winnipeg, 2l,OO0 blu
and 81 900 for Kansas City and $1,000 and 2oooo
for st. Louis.
Some observers in the east think they see
trouble ahead for the shorts, but 1t Is hard for
one looking at northwest stocks and the sood
quality thereof, to find any scarcity OF contract
stuff. 1t may be of interest, however, to repro
duce the observations OF writer In the New
York Journa. of Commerce Of today wired to
The Journ l. In the article a prominent
Produce Exchange member is quoted, who says
"Out OF the wheat visible supply or 4!,Z'2'ooo
bu II SOC, 900 is at Minneapolis and Will remain
there to be ground between now and september,
or the next crop; 100000 bu macaron1 at Du-
luth is sold to exporters; 7,750.0O0 bu Manitoba
, wheat at Fort William and Port Arthur cannot
come on our markets to be deliverable on con-
tracts while 1850, 900 bu at Buffalo is prac-
tically all sold to millers or exporters and Will
not be for sale, we'll as 100000 In New YORK.
OF II 500 oOO remaining $3.50, 900 is at Chicago,
GAG. 900 aboard ship at Chicago, 100000 at Du-
luth and g. LOG. 900 scattered The latter is most
ly at milling points, and will never come away
from them while there is considerable at Chi
cago and Duluth owned by millers all over the
country that, therefore. is not available for
delivery on contract, either in Chicago or New
York.
''Where then are the shorts to get their wheat
The truth is. there never was anything like the
big winter wheat crop that was estimated, fol
there is little winter wheat of any kind
anywhere and No. 2 red is scarce and high
that it is prohibitive for export on this crop
Hard winter is not offered, with winter mills
scarcely able to get enough to keep running.
This may not be entirely convincing, out a.
least it shows that wheat has some 1rlends II
the east and that there those who believe IL
it for ultimate show1ngs.
Flour shipments made good jump to 62, o5C
brls for the day. . ,.o
Primary receipts 900 bu against $4,000
clearances. 265, 900 bu
The weather map was very favorable; cleal
in the northwest with higher temperatures
showing at Dodge City and raining IN Texas an6
Oklahoma Cloudy and seasonable elsewhere
The forecast: Illinois, Indiana, Missouri, parity
cloudy tonight and Thursday; probably rain II
south portions. Michigan partly cloudy warm
er. Minnesota cloudy tonight showers or snow
fiurres near lake. Iowa. Dakotas, Nebraska
generally fair. Kansas, threatening rain or snow
south tonight; Thursday fair. Wisconsin, cloudy
warmer.