The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-27
u &. 4 + - 4 " -t
Good Cash Wheat Demand, but
Flour Business Not Very
Much Better.
The Weather Still Indicative Of
spring-Lander's Rus
sian News.
Markets Quiet but Steady in
Tone-News of the
Session.

Minneapolis Chamber Of Commerce, March
21.-Some %, 900 bu wheat went into local ele-
yators since yesterdays figures appeared, and
so the decrease of $4,000 Blu in stocks, that had
led the bulls to hope the permanent decline
had begun, wiped OUT and 1O,OOO-Du
increase for three days appeared instead This
checked the bull talk built around the little
decrease and posted shipments Of -four, at only
30,S7O brls for the day, made the bears some
what aggressive again. Bradstreet's report OF
the change in the worlds visible showed de-
crease Of 42l,0oo Blu, which in itself might have
seemed favorable to prices, but really was bear
ish, for this is the time Of year when worlds
stocks, ordinarily, are sliding off, and In the
corresponding week Of last year there was
decrease Of 2,e06,ooo bu. The foreign markets
were easy, Liverpool I'd lower, Antwerp un-
changed, Paris A@hc lower Budapest sc.
lower and Berlin hc lower. The local move
ment showed 24o cars in. compared with lse
year ago, and Duluth doomed up prominently
with 1O3 against %. Winnipeg got 100 against
187. Chicago against 2e
The cash market in satisfactory condi-
ton, altno not quite firm for No. l north
ern, which sold A@1c There were 81
cars loaded out Of elevator, some Of 1t repre-
sentng outside milling demand. The cash out
look the whole Is favorable, altho millers
say that If more hour sold ahead is not ordered
out they will not be able to continue grinding
at the present rate.
Duluth sent down reports covering the ex-
port situation in which that market was figured
10 be very close to a basis where business
would follow. One exporter said No. I northern
Or No. northern could be shipped from Duluth
to Liverpool, on todays prices, without loss.
Whether there would be any profit in 1t would
depend upon the grading OF the grain upon ar
rival. 49,
The weather while still too cold for best
results, indicates softer ground soon. and spring
gossip about the country will shortly be heard.
Partly cloudy and slightly colder weather is
the prediction for Illinois, Indiana, Missouri,
Iowa and South Dakota. Fair weather is in
sight for Minnesota and North Dakota, and Ne
braska and Kansas in for more rain.
Kansas City received 80, 600 bu against 13, 900
and st. Louis SO, 900 against 60OOo Primary
receipts 100000 bu against 365, 900 last year;
clearances, 10000 bu.
lower at opening, followed by further decline
of I'D The weakness In America yesterday and
the smaller demand for La Plata cargoes prompt
ed moderate realizing. Undertone easy.
Corn quiet, unchanged at opening, later selling
pressure developed on the cheaper La Plata offer.
1ngs and larger American receipts, and as a re-
suit values eased sd.
The following extract Is taken from the mar
ket letters Of Lenders & Co. of London, England
of the leading dailies has published communi
cation from its Moscow correspondent stating
that things are SO bad that the condition O.
twenty-five provinces with &c, O0O,0 900 inhabitant
is actually worse than it was during what il
known the famine of 1891 when, it will b.
remembered that export of grain prohibited
by imperial ukase. 1t is quite possible that tn
enormous shipments of last autumn drew ia
more heavily than usual on the reserves, and
altho even famine conditions at home may b
insufficient to prevent the export Of wheat un
less prohibited by law, it is quite possible tina
shipments during this. spring will run yer
light"