The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-26
Wheat Feels the Change and
Eases Temperatures
Still Rule Low.
a Slight increase in the Visible
Against a Decrease a
Year Ago.
Receipts Here Rather Heavy
News and Gossip of
the Trade. ~.

Minneapolis Chamber Of Commerce, March &c.
lie weather Interest OF Inc gram
uaae this morning. for, after period Of con-
tinued cold that Kept back all talk Of sprlng
work and made it look like late opening, rams
came Sunday and the spring ureaKup
appeared close at hand. At St. Cloud rain tel
all day Sunday, and the temperature at 80
above was high enough TO let the ground draiu
OF. Elsewhere the precipitation was sleety,
more like snow than rain. and the temperatur
were around freezing point, 80 to 80 above. Fer
gus Falls, however had thermometer reading
Of 81, which promising. Hillsboro, Fargo.
Grand Forks, Comstock and other points reported
rain or sleet, but the weather was hardly warm
enough for best results. AS far up as the
Canadian line and beyond, there rain
snow. The weather man spoiled 1t all by post
Ing Minneapolis 10 o'clock bulletin predicting
snow and colder weather tonight. Nevertheless
the weather Of today may be taken as the break
up. A few days of cold and may inter
vene, but winter Is practically over and the
work of preparation for the new crop in the
northwest will soon begin. We shall probably
have the early reports of seeding that do not
mean any thing, and that come every year. About
all that be said about the coming season
at this time can be put into three general state
ments 1t promises all right for the date,
and there bad features; the farmers who
sowed grains last year are for the most
part satisfied and there is more probability OF
an increase than a decrease In oats and barley;
the present comparatively low price level in
wheat is less attractive and may have some ef
feet In holding down acreage. Such observations,
however, are only general, and generalities do
not mean much A few weeks more and 1T will
be possible to get better line on the acreage
outlook in the northwest.
The market took downward turn after
little. and it hard for the bulls to do much
against selling pressure. The visible was ex
pected to decrease by some who figured that the
falling off in Buffalo stocks last week would
{. have its effect, but when the report came along
tsshere was gain shown of 5000 bu. AS the
change ut this time a year ago was decrease
Of 1,126,0O0 bu the difference marked, and
helped weaken the market Locally the decrease
of 1900 bu in elevator stocks stood unchanged
Tor two days, and as there good demand
for wheat at 1c May for No. northern the
bulls thought millers might take enough to hold
down stocks to the present total, but on the
other hand there a pretty good run into
minneapolis this morning, els cars, against 4S7
and the bears figured enough would probably so
over into elevators to wipe out the decrease and
send stocks on the upturn again for the week.
Duluth got 90 against II, Chicago against
90, Winnipeg 64 against 49, The st. Louis
figures were $1,000 hu against "a. 600, and Kan
sas City's 200 and $4,000 Worlds shipments
were 9,362,G0o bu against 3,72s,0OO last week
and IA. 900 bu Il year ago Wire trouble held
back of the regular Monday statistics
Primary receipts S27 900 bu against 692 600
year ago. Clearances light. Is, 600 bu
wheat and flour, only 5000 brls -four going out
John McEnary had letter from Rollin Smith
written in London England, Mr.. Smith says
Is full Of flour, and most Of the importers are
out OF money on the purchase and not feel
Ing very good about 1t. They are not in mood,
he finds, to follow bull market on our side
September wheat, Mr.. Smith thinks, from his
observations abroad, is in position to feel the
effect Of home pressure without the relief of
good foreign demand, and he believes prices are
bound to go lower. eventually, unless there is
crop damage.
Fort William stocks are now 5.64O.O35 bu
Port Arthur stocks 2,20962s: total. 7.s49. 663
last year. 6,105,9S0: increase for the week
266, 300 hu