The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-01
Nearly 100000 Blu Handed Out
Before the Close of the
Market.
Flour Trade Very Dull-Receipts
Northwest Are Running
Heavier Again.
Rains General and Beneficial to
the Crops in the
H. Main.

Minneapolis Chamber Of Commerce, May l.
Heavy deliveries of wheat were made today.
First reports were of $500 900 bushels. This
was shortly raised to 3,25O,OOO, and by noon
II was reported 100000 bushels had been de-
livered. with more likely to come. The fact
thet the wheat handed out by the elevators was
taken largely by local and outside millers was
an influence for strength The market felt the
effect Of considerable closing up of May and
selling Of July and by noon 1t was thought May
wheat futures were about cleaned up IN one way
or another. The elevators seemed des1rcus OF
delivering, because of the personal tax propo-
sition which is little different this year un-
der the new code, and because of, the possibility
of something less favorable in the insurance rate
situation The fact, however, that the people
who had most of the stuff bought were stand
ing around with their money ready to take 1t
and pay for it, had stimulating effect upon the
whole market.
The later speculative interest was in the
weather. Rains fell last night in Minnesota.
North Dakota, South Dakota. Iowa, Nebraska
and parts of Kansas and Missouri. with rain
still coming down at important points this
morning, notably, Oklahoma City, and the storm
moving north and eastward towards Illinois
and the Ohio valley. The forecast Is for rain
iond thunder storms tonight in Minnesota and the
IDakotas, Illinois. Indiana. Michigan, Wisconsin
ard Iowa. This is splendid weather, If only it
does not again soak the BED river valley, which
Is too wet 1t Is.
Northwest points made big comparative gains
in receipts, the Minneapolis posting being 1856
434 and 119. Minneapolis elevator stocks de-
creased $4,000 bushels for three days.
Kansas City received 1000 bu against
81 900, aud St. Louis 81, 900 against $4,000.
Primary receipts, 800, 900 bu against 306, 900.
Wheat and -four clearances eQualed 10000 bu.
Bradstreets weekly report showed that wheat
east Of the Rockies decreased by A,773. 900 bu.
while wheat in Europe and aioat increased
100000 bu, a net gain Of 4.073,00o. Corn de-
creased 274e,0oo bu and oats decreased 1,055,-
900.
49, Budapest closed 1ssc lower; Berlin 30 lower.
B. C. Christopher Of Chicago had LOT reports
from ffty-one counties out Of 100 in Kansas.
showing condition Of growing crop to average
So.7. Eastern counties not reported. Mostly cen
trail and western sections.
Heavy rains and hailstorms are reported from
southern sections of the Chickasaw Nation. The
worst hailstorms in years reported about
twenty miles southwest of Oklahoma City.
The northwest weather. Winnipeg, clear and
fine; is above. Grand Forks, raining, calm.
Fargo, raining all morning: still raining May
Vile, raining since 78O am; looks like more
Hillsboro, cloudy; rained hard an. till s
am: so above. St. Cloud, Raining lightly
since am; now high southeast wind and
solder; 80 above. Fergus Falls. raining hard
been raining since an Comstock, raining
has been since O'Clock this morning.