The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-12
~
Wheat Opens Strong with More
Trade Seen Than for a
Long Time.
Statistics Favor Strength and the
Southwest Sends In Bad
81 News.
Cash Demand Good-Flour Prices
8 Strong and a Shade
Higher.

&aIinneapolis Chamber Of Commerce., May Il
Wheat started off with the heaviest trade FOR
g. long time The big people were In the pit.
Van Dusen- Harrington buying ran 10 1atge plo
nortions and big lots were bid for: Lewis ap-
feared to have selling orders IN hand heaVy
enough to Offset the buying. This took the eoge
cff. The market had made new high points, put
when the selling was out against tne ouyns
lewis still had wheat on tap and was the big
gest seller of the day. Washburn Crosby buying
was noted, and this being frst-class milling
demand. had good effect. Piper also eon sa,,
both ways. The selling in July was led by
Woodworth. July was also handed out by Wat
son. Buyers of July in later trading were Ken
gel and Married. while Lake-Brown and Tracy
we're buyers Of September. This ended the
heavy business. There was more outside inter-
est and broader market, but after the open.
Ing rush, quiet intervals followed. The market
Tor the FIRST hour, ranged from 81 &c to Sic for
May, July selling from S2Ac to s1Ac September
from 79Mc to 1914 g7Sesc. Chicago May sold
from s8Ssc to ssc July from s1ss to so7s @e1e,
and September from 7sAc to 7sh@7sssc.
Cash demand was good at 1M@2c over July
Tor No. northern, and July price to 11sc under
Tor No. 2. 49, @..Ge-= 20
Elevator stocks decreased by es7 ,o5s: bus for
me week. bringing the total down to 10, e52.919
Tor one day since making up the table there
tss decrease Of 275O 600 bu. Receipts here were
only 76 cars against 49, Other comparisons
we're: Duluth. At and none; Chicago go and s.;
Winnipeg 1852 and 8s; Kansas City, $4,000 bu
and 1900 bu; st. Louis, 10000 bu and 5000 bu.
"a The market had weak turn near the close,
md prices were 10 to Ac under high points,
but there was e slight recovery Just before the
close in September
The weather map shows it generally cloudy
10 northwest southwest and west, with trace
L@ rain IN Oklahoma and 90 inches at Amar-
Io, Texas, also rains in parts Of Illinois and the
t0hto valley. Temperatures higher. Indications
Aora Sor showers and cooler weather in the
Sorthern tier Of states in this forecast district.
MiSh temperatures and generally fair weather
eEiu continue in other portions. Kansas gem
serally fair except probably local thunderstorms
m the west portion tonight or Sunday. 8, ~
Broonhall cabled: "Wheat steady at opening,
~ @Ac higher. The support. was the result OF
atfength OF American markets yesterday and
NEnaGer Australian shipments. Towards the
elose prices eased y gid on expected settlement
ct the Anglo-Turklsh dispute. Corn steady, ed
higher at the opening. There was good demand
aor La Plata 'cargoes on predictions of light
Amer1can shipments At the close there was q
slight easing weekend realizing. Worlds
shipments are estimated at 10 400, 0OO and there
VIII be a fair decrease passage. Australia
snlpments 4Ss00O bu; India shipments, 1s4,
600 bu.'' b ,...',
Rosenbaum's Wichita sdvices say all con.
sentative estimates point to a larger wheat
crop In Kansas than last year, Their Kansas
0T advices at noon were that general rains
are indicated for Kansas. II. FL.
Primary receipts, 269, 900 blu against 1888, 600.
For the week, I ,420 600 against SEQ, 900. Clear.
ances, wheat and -four, for the day, 163, 600 bu
wire from Kansas City quoted prominent
miller OF Sukine county, Kansas, there this
morning as saving that he cannot imagine what's
wrong with wheat unless it is winter killed.
government figures should be IS instead Of 81.
another week of cry weather and the condition
VAL De TO-. Tho wind blew gale yesterday
0amage now spreading in Mcpherson county