The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-02-01
Bears Desist When They See a
Possible Freeze in the Pre-
diction for Tonight.
Omaha Says Conditions Are Such
that Lower Temperatures
Would Mean Loss.
Local Increase Promises Only
About $4,000 Blu for the
Week.

,,,,,sanolis Chamber of Commerce, Feb. L.
Colder weather again and the prospect VI wv
ward move in the southwest temper a'ules a..
night made wheat frmer this morning anu ute
appointed the BEARS who looked for oreaK uh.
der s3c May. The cables We're easy ana mucn ol
the outside information weakening, put otnei
things important enough to onset pearlsnhess
appeared The movement of spring Wheat..,W
market was not 50 heavy nor We're the " ihtel
wheat receipts especially large. Local ele'ato.
stocks not only fail tot ncras ID e.. gam 20 %
trary, something like 2O.OOo pu came Out VI
the store and the Indication is that net gam
OF only $4,000 bu for the week VIII De snow Ma
mand was excellent. No. 1 northern sold At
1c under May, and in some cases the selections
went fractionally closer. No. 2, northern SOFA
at 21hc under May. There were IT'S cars, in
here against 1911 and a at Duluth compared
with q For Chicago the comparison was Il
and IA, for Winnipeg 105 and 50, for Kansas
City $4,000 bu and 10000, ana TOT ST. LOUIS
$4,000 and d. 00O
The Price Current says there is quite a lin.
tied extent Of interference with high promise OF
the growing wheat crop; La1e GGtses Sro1hac
to the condition of corn is reported by mild
weather. Livestock in all regions in good con-
dition and health
of a good business for export via the gulf ports
and that IS, 900 bu wheat were taken to go out
that way for February shipment. 1850 y
s The Northwestern Miller says: s"Business with
Minneapolis mills last week seemed spotted. One
company was reported to have sold a fairly lib
eral quantity Of -four, while with others lighter
trade senjoyed than in the preceding week.
Usually buyers taking flour only In small
lots, as regular trade will absorb'1t Shipping
qdrections old orders seem to be coming along
more freely, and this tends to stimulate the
-four output. An occasional lot of patent Is be-
ing worked for export, but very low prices have
to be accepted. Clears are dull and easy In
price. .s. III.
Argentine shipments for the week were
2, $50. 900 bu ...
Primary receipts were 100000 bu against
SO2 900; clearances. 147 900 bu wheat and % 900
brls -four, equal to 273.O 900 bu; corn clearances,
SOB, 600 bu; oats, 10000
4 The market steady towards noon against
selling of considerable force. This due very
largely to advices from Omaha covering the
weather prospect. The cold wind that began to
blow last night still blowing this morning.
Thru Nebraska the message said the recent ex-
tremely fine weather started buds on the trees,
while the winter wheat remains bare, the total
precipitation for the season to date being about
three inches less than normal. freeze would
doubt do damage. There was nothing to war
rant apprehension of freeze, but enough ap-
peared, in the forecast to make the bears go
slower about pounding the market ~
Just before the close Argentine cable re-
ported hot winds injuring corn. 1nasmuch as
the trade has recently been flooded with cables
giving accounts of damage in Argentine from
excessive rains, this considered unreliable.
Chicago wired that the local weather reports
tation. and experienced people say If we get a
cold wave now serious damage is bound to re-
suit to the growing wheat crop. : ~
Broomhall cables that the weather is dry and
that there are rumors that corn has been dam
aged by hot winds in Argentine. ".