The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-14
Prices Advance First and Then
Wobble, as Better News
Comes In.
Local Statistics Very Favorable to
the Maintenance Of 49,,
Prices. .. ...
Worlds Statistics Bearish-The
Weather Uncertain and Rain
.~- Indicated.

:; Chamber of Commerce, May Id
l,.s. 49,. demand, heavier sales and larger
shipments, good cash wheat demand lsht otai
receipts and steady decrease In elevator
stocks were influences for strength In wheat.
Only 125 turned up here, which was ngnt
for Monday at any time, ~ less than the LOS III
d year ago today, and not enough Wheat 10
keep the mills grinding at the present rate
and prevent shrinkage in stocks There We're
shipments Of los wheat In the morning
, report and shipments Of 69,593 barrels Hour
This accounts for the decrease In elevator stocks
of 6GO, 900 bu III two days, and makes 1t clear
that If present supply conditions remain ue-
, crease Of ], 500, 900 bu or more Will ne SHOWN
! In next Saturdays report. The news of better
: -four business out on the floor ana came
also by wire from Chicago where some Oh tue
prominent houses claimed to know about H.
Close inquiry here failed to confirm the Reports
In full but trade Is certainly better than OF
late tho millers are slow to admit II. Inc
demand they say increased on the hardening
wheat market and old purchases were ordered
out as prices rose but this is pointed to as the
thing to expect in any such case, and as not
especially significant. General interest," lheS
say, Is no greater. -,
The cash wheat moved at about tac over
.July for No / northern &c under for No. T.
Receipts at other markets were l6 cars agahsS
"a at Duluth, IS and for Chicago, $50 and 6S
Sor Winnipeg, $4,000 bu and 1900 1or 81.
Flouis, 1900 and $4,000 for Kansas Clty;
Worlds statistics We're against the Market Tor
competition as shown by the shipments OF last
week has been keen. America sent out q aoao o
isud Argentine s10a 900. These big figures
Isweiled the total to 12,320,000 bu against
40, 672o 900 in the previous week and e'ls4'ooo
"a year ago. The quantity on passage decreased
e12 900 bu for the week *, WI whlcn a MAKES aso
Stocks at Fort William and Port Arthur de-
creased 672,466 bu for the week, leaving
e, 7S5, 57S bu in store.
diana and Illinois, but they were not speclnc
except In a few cases. Kansas City said they
were coming in thick. and st. Louis said damage
reports accompanied by buying orders were the
Feature Two points in Ontario sent bad reports
S1f the new CROP and one dispatch Toronto
told of farmers feeding old wheat to hogs
because of low prices. Hamilton, Ont, "lred
THAT the condition of the crop OF the province
As 90 and there is no damage. Conway Springs
wired that a dust and sandstorm was on, ana
that the country west Of Wichita, kan'' IS IN
bad way but other adylees NON nronent
grain house Of Kansas City Is quoted as seeing
heavy losses are inevitable, yet summary IN inc
sst. Louis Republic of today, written at lopeha
says the state has a splendid crop ana ina
the harvest will be from ten to fifteen Gays
earlier than usual Beneficial rains fell III inc
northwest. Breckenridge, Fargo and some othel
towns would have been as we'll on without
them, but Comstock, Marshall. "lnhepaso cus
and other points said they were helpful to the
country surrounding. The general outlook Is
for more rain tonight. Wheat In Man1tooa II
from one to four inches ehigh Winnipeg ad
vices today TO t1pef Sdlu INC "So.ueA W
Sunday was clear and warm, and that TINS
morning it was cloudy and cool with nortnWes
winds Crop conditions in northwestern Canadt
are almost perfect m, ooo
Primary receipts. 1872, 900 bu against 29S,ooo
Clearances wheat and -four equal $4,000 bu.
The visible decreased 2,495, 900 bu, brlngln:
the total down to 30, $50, 900. year ago tn
decrease was 2. 1853. 600 bu 49,. 49, -:
The northwest weather at IL g. m: Winn1
peg very cloudy, looks like rain, ra1ned nal
an hour this morning, ~; Grand Forks, cloud
with southeast wind, cool, had heavy rain yes
terday afternoon and continued until z am
this morning. Fargo, cloudy and cool, shower
all night; Hillsboro. cloudy, cold, had ram yes
teyday. and heavy rain last night; May7llle
cloudy and cool, showers all last night; Com
stock, cloudy and cold, rained this morning
Fergus Falls, cloudy, cool, had showers las
night, very heavy rain Sunday; St Cloud cloud
and brisk southeast wind, had hard rain Satul
day and Sunday night.
The weather forecast: Kansas and Nebraska
generally fair except thunderstorms tonight
Tuesday; Missouri, partly cloudy, thunderstorm
northwest tonight or Tuesday; Iowa, thunde
showers tonight Tuesday, warmer northeast
Illinois and Indiana, partly cloudy showers mort
tonight or Tuesday; North Dakota and MOI
tana showers, warmer; South Dakota and NIL
nesota and Upper Michigan, showers; W1sco
sin thunderstorn tonight or Tuesday,
The Peavey Grain company had the fonowir
from Midland Elevator company OF Kansas Clt
+ S'Hteh winds last three days retarded whe
Growth some but think no damage yet, but q
Sections demanding rain in short time to mai
tain present conditions. Wheat head1ng IN Okl
homa and southern Kansas, promising harVe
oho tiDle'l