The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-02-13
Prices Move Only Fraetionally
The Winter Wheat Gets
More Moisture.
Good Local Demand for the Cash
Wheat Stocks Decrease
Again.
Foreign Supply Situation a Little
Heavy at the Present
Time.

Minneapolis Chamber Of Commerce. Feb. 49,,
Rain and snow over the winter wheat states and
several statistical items OF depressing nature
made it impossible for the bulls to do much IN
wheat when the market opened today. The
bears had material in hand with which to effect
price recession, but they could not make much OF
q go Of 1t, and dull. draggy market was the
result May holding for time with S31ac as
the pivotal point and ranging up and down by
only the smallest, fractions. The weather report
showed rains in Texas, Oklahoma. Kansas Mis-
souri, Illinois and Iowa and 1.6 inches of
snow in Nebraska. The forecast is for more
precipitation south and west, to be followed by
, colder weather. Iowa has snow to come and
Kansas is threatened. Conditions favor snow
as far south as southern Kansas, but cold
wave Is due for eastern Minnesota and northeast
Iowa.. tonight, with likelihood that the low
temperatures will extend down some distance.
The bull news from the southwest necessarily
fell off after this better showing.
The foreign news presented nothing especially
important, except for bearsh statistics.
The quantity of breadstuffs ahoat for Europe
Increased by 1924, 900 blu for the week, which
makes the total passage 80, 600 bu,
compared with "a S52 900 in the previous week
and SO, S22, 900 year ago. This Is bullish in
SO far as it shows that exporting the
stuff and 1t is bearish since it shows that
only moderate part of 1t is really from our
country, and that European cash markets, with
much In sight, are not likely to advance much,
unless some serious crop damage news comes
along. Worlds shipments for last week were
u.12O, 600 bu. of which America shipped $685.
Argentine coming in with 1892, 900. Australia
sepnS bu going out 0t'' On the eve ~so1e
ing countries from our competing producers, and
nothing In the European situation Of the moment
is, especially bullish. Two more guesses on
on from Antwerp. making it 100000 t
95,000,O0O blu and the other, from Argentine d.
rect. putting it at $50 900. Antwerp cables
to New York exporters said that 63-lb Argentine
Ia being there cheaDpr
Kansas hard. e.,
Locally there was a decrease Of ITS, 900 bu IL
elevator stocks for three days. The double
holiday brought in 72S Of wheat against 4St
year ago, but the cash market was not affected
by larger offerings. There was general demand
aud some out-of-town buyers appeared. No: :
northern sold A01ac under May and No. 2. north
ern IL @2c under. duluth received 1874 car
compared with 30, Chicago 80 against % ant
Winnipeg 167 agains 80. The southwest compari
sons were $4,000 bu and $4,000 at Kansas Cit!
and .152. 600 and 81, 900 at st. Louis
The visible supply decreased by 1884, 900 b,
for the week, which leaves the total Al, 1888, oo
bu; compared with IS, oes 900 bu year ago. Z
Primary receipts 1,169,61 bu against tee, OO
each for two days.
Local weather dispatches were as follows
last night. Omaha, showing, high wind; 2
above, getting colder; rained all night. Kansa
City, cloudy; rained five hours this morning
st. Louis, raining; warm.
Broomhall's weekly foreign crop summar
reads as follows United NEUTRALITY-SUSPICIOUS.
complaints heard regarding condition of crops
France-Outlook improved, owing to seasonabl
weather There is occasional talk of importin
foreign grain up to end of season. Germany
Snow has fallen, but there is some anxiety COZ
corning $, the crops Hungary-The 'weath&
is unsettled but complaints are heart
Rumania- Bulgaria Condition Of crops satisfa,
tory. Weather mild and navigation on the Da1
uhe has reopened. Russia-Wea Gather very mil
and condition Of crops generally favorable. Ital
Situation favorable 1n6i9-TnitndA
had rain in all districts except three. It hs
been beneficial, but more rain urgently needed
Outlook is worse and commercial cables stat
that holders are very, firm. Of. p, u.s.