The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-04-05
Chicago Bulls Let Go Some Big
Lines Quietly, and Prices
Go Lower.
A Snow FURRY in the Red River
Valley Then Checks the
Decline.
The Market Closes Easy and
Lower Gossip of the
Trade.

Minneapolis Chamber of Commerce. April O.
snow In the Red River valley starting In about
1880 this morning checked selling OF wheat
that was weakening the market and had put
Minneapolis May of to 1850 How much 1t
amounted to and whether not 1t would de-
lay seeding were questions. Reports following
showed it really nothing but light rain at some
points, turning to snow at others where temper
atures were lower. The shorts felt that IL
might be worked into something of a bull argu-
ment and so went a little slower. The crop
reports that came in earlier were very favorable.
John L. McCaun had advices covering South
Dakota seeding. In the northern part there Is
an early start. but the extreme southern part
OF that state is little wet and backward COM
pared to other portions. Yet even the compare
lively backward districts are not late. Seeding
on the whole Is, fully up to average for the
| date and the outlook is favorable. King OF
! Toledo made the Ohio wheat condition lol
against 9S in December and "a last April. A
! year ago Ohio stood at 81 at harvest time and
produced about $4,000, 900 bu. Oklahoma sent
glowing reports One Texas miller was widely
quoted as saying that the Oklahoma promise has
not been so high since 1901. The winter wheat
country had another rainfall, Springfield and
Peoria Ill, and Omaha and st. Louis reporting
/. rain all night, while Chicago and Kansas City
had light rains.
Chicago Jared little by heavy selling
. that was traceable to Patten. His firm sold
both wheat and corn and Patten credited
| personally with selling wheat freely and with
! letting go 100000 bu oats. Long, who trades
for Patten, sold 600 corn and White and
! CANDY, sold $50, 900 and 200, 900 respectively.
Peavey also Sold Some took this to mean the
\ throwing up Of the sponge by Patten and his
/ bull following, but this was by no means GER
| tain. 49, ~...+
! The figures Of the day were against the mar
! ket, for the local stocks increased 300, 600 bu
for i've days, and receipts continue running we'll
up, with comparisons follows: Minneapolis,
J Psi and 214 Duluth, 81 and 8; Chicago, 8 and
{ 10; Winnipeg. 1870 and 46; Kansas City, 81, 900
!. bu and $4,000; st. Louis. $4,000 and "a. 600.
Ri1ah who 1toa 1lar1y from n6O0 for
/ the Northwestern Miller. has interesting sum-
: mary. Argentine, he says, produced about $500,
I 900 tons wheat, Of which 100000 must be al
! lowed for home requirements. This leaves
i 2,SO0,O00 tons for export and would figure out
about go, ooo, 600 in bushels. This is much less
i Of a surplus than Argentine was credited with
in the early estimates. India shipped about
40, 600 quarters Of wheat two years ago and
i 1QO,0 900, week last season., but this year, Mr.
j Rush believes, India will not ship in excess OF
i 600 quarters week. OF the general -four
situation the Northwestern Miller says: Local
mills continue to work occasional lots of patent
for export, one mill making comparatively goou
eales last week and again yesterday. While the
figures are not large compared with the milling
!. capacity Of Minneapolis. this foreign business
amounts to quite an item and is encouraging, in
that only short time ago export business
could be done. London, Glasgow, Dublin and
Belfast were the chief buyers Of late. Usually
both millers and exporters report clears as dull.
However, Holland has taken some first clear in
the last week. In bidding, however, 1t Is usu-
ally too low. First clear Is wanted at 3 guild
ers, but holders ask at least on. Both city and
outside mills have clears to offer"
The Price Current says: 'Some betterment,
but still hardness in seasonable weather condi-
tons. Wheat promise undisturbed. Oats seed
Ing retarded Preparations for delayed
Argentine shipments for the week esti-
mated at 100000 bu.
#Clearances wheat and -four, $1,000 bu.
Liverpool closed I'D lower.
Primary receipts $4,000 bu against 2eOoC
q year ago.
The weather map shows general rains in Texas
Oklahoma Kansas, Nebraska Iowa, Missouri
Illinois and Ohio valley; two inches II
Oklahoma and one inch In Kansas in last TWEEN
ty-four hours; favorable in northwest for seed
Ing The forecast North and South Dakota
generally fair; Minnesota partly cloudy, show
ers or snow furries Lake Superior; Nebras
ka, fair; Iowa. partly cloudy; Missouri, general
II fair, cooler east and south: Illinois and In
diana, showers tonight. cooler SOUTH fair Fri
day; lower Michigan, threatening with shower.
and southeast Friday; Kansas, partly cloudy
with rain SOUTH Wisconsin, partly cloudy, show
ers east. ~
Advices to Verhoeff estimated amount of whea
q in Manitoba at 100000 bu; in terminals
] f500000O bu In the line houses and 10. 600, oOt
H 6u In farmers hands; total, SO, 500, 900 bu.