The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-02
AL These Fail to Break Wheat, the
Market Holding Quiet but
Strong.
Minneapolis Gets 1918 Cars and
Cash Wheat Turns Slower in
Consequence.
The Visible Instead of Increasing
Shows Moderate Decrease
To-day.

Minneapolis Chamber Of Commerce,
Nov. ITO noon to-day wheat was in the
same old rut, the passing of one month
and the opening of new week making
no change in general sentiment Decem-
Der was around soc and May around 1850,
and the variation either way was slight.
The visible report showed a decrease of
26S, 900 bushels against an Increase of
over 100000 at this time last year, was
q help to sentiment later on,
Worlds shipments totaled 10,615000
bushels against IL, 361, 600 the previous
week and 3,126,oOo last year. so that the
showing was comparatively much less
bearish and so was favorable to strength.
But there was much opportunity to ques
ton the import Of the figures, as the
1865, 900 bushels Of last week was reached
by figuring American shipments at 4,095,-
900 bushels, while Broomhall afterward
sent his figures for American shipments,
which were heavier at 4,969, 600 bushels.
The Argentine report was also changed,
and while 100000 bushels was at first
given out. this was raised later to 5S4, 900.
Then Broomhall cabled calling attention
to the fact that Hungary shipped $4,000
bushels and Chill 264,000, these two items
not being included for the reason that
there was nothing in the corresponding
week Of last year with which to make
comparisons. About all that could be
made out from the worlds figures was
that Liverpool is still getting plenty of
wheat from other exporting countries
than America The quantity afloat for
Europe, 32,54O,o0O bushels, shows an in
crease for the week of 1856, 900.
Minneapolis had 1913 cars against 9l9;
Duluth 263 against 81, and Chicago 100
against 121. In all there were 1,445 cars
against ], All in the three principal spring
wheat points. st. Louis received ia, 900
bushels against 100000, and Kansas City
113,0 900 against 1884, 900. Minneapolis ele-
yator stocks have increased so far by
100000 bushels
The Harris Gates weekly review, bear
ism as ever, says: ',The southwest has
been congested by the Gripping of its
usual railway outlets by last spring S
floods and the freight congestion that it
entafled, and even now wheat is found
piled up along the lines Of the Atchison
and the Missouri Pacific roads in Kansas
because of lack of cars and elevator facil-
tiles to handle it. Bankers are as unani-
NOUS In reporting present large calls for
money to move the northwestern crop as
they were in reporting former light de.
mand5.
I'VE believe that this means a turning
of the tide. Further proof of it is found
In the fact that Duluth is now 3hc lower
than Chicago on December delivery wheat.
whereas 1t was at a premium Of nearly
that much few short weeks ago,
The ST. Louis manipulators Of Deem
Der wheat have apparently run out of
either courage or muscle and are not put
ting up as strong a fight for unnatural
prices as they were. There has been a
little Improvement in the export demand
Tor wheat 1t has been mainly centered
--sa hard winter wheat and is already
dropping off. The sales were largely by
way of gulf ports and at prices not at
all in keeping with st. Louis or even
Chicago levels. The northwest has also
sold some high grade wheat to go abroad
but there, too the price was on a diff
ferent level than that prevailing hereto
lore Best available trade reports indi,
cate that the area seeded and seeding tt
winter wheat in this country will exceed
last years.
Primary receipts 1.751 600 bu, against l.,
S11 900, shipments 491 900 against s55, 00c
4 Wheat and flour clearances 534 900 blu.
Liverpool closed A@asd higher
December wheat closed at 1874 a soc
practically unchanged from Saturday, an
May closed at 7S1ac, only nc lower
Cash wheat was active enough for a.
ordinary day, buh not enough for da
OF almost LOO cars. and some wheat wa
unsold late In the session and fair pro
portion Of the low grades were carrie
over No / northern sold at SIC for tn
best and No. 2 northern at 1914 @79hc fo
the bulk.