The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-19
NEW HIGH POINTS I'm ALL WHEAT FUTURES
Minneapolis December Sells to 73c
and May to 75c-Firm at
the Close.
All Manner of Reports Respecting
the Operations of Armour
in Chicago.
Local Wheat Stocks Have Increased
$4,000 Blu. So Far This
Week.

Minneapolis Chamber of Commerce, Nov. 10
Wheat worked still higher this morning on con-
tinued strength IN Chicago and covering by
shorts in both December and May. The local
pit was quiet and active by turns but the volume
of trade somewhat lighter than yesterday,
on the whole. There little disposition to
sell in either option, and moderate buying
the market advanced easily. All sorts of talk
the wires respecting the Armour lntlu-
Al times Armour was a good buyer ana
again heavy seller. While Armour's known
representative in the pit was buying 100000 bu
Decembe-. a broker supposed to be operating
for Armour was Il seller of 100000 May. rms
changed the tenor of opinion somewhat and In
stead of the recent gossip to the effect that
Armour is persistent bull and continued
heavy buyer there was some giving way to the
belief that the Armour interests are doing moth
ing than scalping business, on an enor-
scale.
In The northwest the showing this morning was
not so bad as yesterday. and instead OF the
falling off In receipts OF 492 cars there was a
decrease this morning of only 1875 cars. Mime
apolis had CIT against COL, but Duluth fell off
and against 293 cars last year had only 15l, a
remarkably close guess for the Duluth men who
had predicted that the Wednesday receipts there
would be only $50 ears. The primary points
made fair gain over last year, receiving 1,3l9-
600 bu against LIZA, 900 bu. Shipments were
731 900 bu against 800, 900. Wheat and flour
clearances eQualed 900, 600 Blu.
Liverpool was up I'D at the close. English
buyers, according to the cable accounts, sent
across, are getting nervous and are afraid they
will not get enough wheat. Bids for cash wheat
In Liverpool were higher and it was reported
that bids to exporters at our seaboard were
higher.
Local elevator stocks have increased $500
blu far this week and at the rate the elevators
were buying in the cash market to-day, the out
look is for increase in stocks equal to last
weeks gain of ,233,0OO bu, larger.
The seaboard sent word of more export bust
ness New York reporting 25 loads worked, while
Duluth sold 1230OO Du elf. at Buffalo.
The close was firm and at high points, Deem
Mlers were buyers of wheat this morning in
0 quiet way. taking the selected lots and bulk
Of the most desirable milling stuff. but beyond
this they were not in the market. Elevators
came in for the balance and at least two-thirds
of all the wheat in the offerings went into the
houses. The market firm ever. but as the
December option was on the advance, the pre-
MUM was just trhe easier. and relative to
December the general range of prices showed "
less than Yesterday There more good buy
Ing to arrive, No. J. selling at 74A @74Ac and
No to arrive at 73@731ac. No. wheat sold
from re down to sc. Rejected sold from Tic
for choice down to 63c for frosted. No grade sold
from 69c for choice to 6uc for very poor lots.