The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-08
Falling Off of 100000 Bushels
for the Week-Local Stocks
Decreasing.
". ..-s .,
Cold Weather and Heavy Frosts
to Come Tonight Cause
u Nervousness. w..
Flour Trade Only Fair, but Cash
Wheat in Good De-
mand.

Minneapolis Chamber Of Commerce, May s.
Bradstreet's estimate Of the decrease IN the
worlds visible was feature IN wheat To-Day.
Last week the decrease was 40150oO ou, ana
it was not thought that the figures would run so
heavy again, but this weeks change was even
more important on the side Of loss, the decrease
being 100000 bu. A year ago there was 1all-
ing off of l. SIT ,OQO bu. The trade had been
looking for large figures because of the heavy
loss shown yesterday In the regular weekly
American visible, but 100000 was more than
expected. There was less effect than might have
been the case ordinarily for the trade is in
doubt whether all the wheat is accounted for.
The strike the lakes unsettled things gener-
ally. and 1t Is thought that in calculating the
loading out Of elevators at the head of the lakes
the Offset OF this by arrivals at Buffalo and
other eastern ports. and the lakes, about
100000 bu slipped away somewhere, which
will turn up next week. There was already some
strength in the market, due to buying at st.
Louis and buying BY st. Louis firms in outside
markets, this said to reflect reports of damage
to winter wheat. The weather is certainly ur-
favorable everywhere, and while the bears have
%eonsolad Themselves with the thought that
temperatures as low recently recorded
abnormal, and the cold cannot last, the weather
bureau has not helped out well could be
wished. For tonight there is fair weather pre-
dieted. with heavy frosts. Wednesday should be
warmer, but both spring wheat and winter wheat
are in for another cold night. The local market,
tho 1t would probably respond quickly enough
to authentic damage news, has refused to take
Cne colo WeaCner ana 1rOsC reports very Ser1
ously. Spring wheat will be benefited and
hardened by it. and whether winter wheat will
be seriously impaired is very doubtful. st.
Louis and Chicago made much Of the weather
and its effect but Minneapolis refused to become
excited and there horseplay crowd in the
pit with scarcely enough business to keep them
busy.
d. Cash demand was good at 1h@2c over July
for Tuesday. even tho Minneapolis with "a
cars ran over the "a Of year ago. Local ele-
vatos stocks decreased 1926, 900 bu for three days
Comparisons elsewhere were so and 2 at
Duluth, and at Chicago, 1H and ia at
Winnipeg. $1,000 bu and 1000 at St. Louis and
$4,000 and $4,000 at Kansas City.
Near the close Woodwork was an active
trader and leading buyer of May and July.
primary receipts 2eo'ooo bu against ISL, 900.
Clearances 121 600 bu.
a The forecast reads as follows: Kansas
Partly cloudy tonight and Wednesday; showers
south; frost in northern portion. Nebraska
FAR; frost In east tonight warmer Wednesday.
North and South Dakota-Fair. slowly warming;
frost east tonight. Minnesota-Fair: frost TO-
night, with colder east and central; warmer
Wednesday. Missouri-Fair cooler tonight with
frost. Illinois and fundamentally preceded by
threa tening weather north. Cooler tonight with
frost and northwest wind. South Dakota-Threat-
ening. with showers and snow furries and colder
: Liverpool closed lad lower, Berlin nc higher
and Budapest &c higher.
The official Indian report for the week ending
April - says: Harvest good in Punjab with
eAcepton OF lew small areas. Harvest generally
fair in United Provinces. Crop poor in central
India. Distress increasing in Bombay Else
where harvest fair to good
! Foreign crop conditions published today IN
hroomhnlls Corn Trade News of Liverpool:
united hngdcm-The weather is improving and
the crops are in fair condition generally France
The condition of the crops is fair supplies are
hshd but generally sufficient to supply the de.
Inand. Germany-There are moderate complaints
heard regarding the crops, referring chiefly 10
the rye crop. Supplies are light Hungary-The
crops promise we'll after the beneficial rains
which rave fallen. Supplies fair Russia
The drought in the southeast has been relieved
ELSEWHERE ELSEWHERE the crops are in excellent condition
supphes are variable but generally fair The
railroads are working better. Italy-The ont
look Tor the crops Is moderate In the southern
part OF Italy the crop outlook is poor. SPAIN
ne OUTLOOK Tor the crops is favorable. North
: ,manla-frospects are fair and beneficial rain,