The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-29
Some Strength at First, but Much
Weakness Late in the
Day.
Lenders, of London, Reviews the
Russian Wheat Supply
Situation.
Argentine and Southwestern
News Rather Favors the
Buying Side.

Minneapolis Chamber Of Commerce, Nov. 20
The weather man failed to make good tooay,
ana the rains predicted for winter wheat ala
not naterlalize. of moisture in the
southwest and a less favorable Argentine caDie
held wheat against a number OF influences OF
nature to force decline. The crowd looReo at
the increase here which amounts to 635Ooo pu
so far this week. and at receipts OF 6e2 cars
against 511 a year ago. and could see ntele 70
buy wheat on. The market looked shaky ana
was to all appearances headed downwarc' Dut
q priyate Argentine cable from Rosario to wat
son said heavy rains made the crop slow TO ma
ture. This enough to make sellers hesltate.
Duluth got 233 cars of wheat against I'S: chi
cago IS cars against 100. Kansas City had Io2,-
900 BIZ against $50, 900 bu, and st. Louis $4,000
bu against 1860 bu.
Lenders the London exporter, says In the
Chicago Tribune: I'm regard to wnea ato SNIP
ments from Russia, what makes 1t more astonfsh-
ing Is the fact are supposed to be dealing
with crop considerably below that of the pre-
8vious year, and further. that there was supposed
TO be greater scarcity of railway trucks owing
to the exigencies Of So far as the first
suppositton is concerned. however, 1t seems that
the early estimates Of the crop we're not reli-
able as the latest information from St. Peters
burg is that the winter wheat crop Is actually
larger than the previous one and that the rye
crop exceeds all previous records. The large
rye crop will also explain to great extent the
freedom with which wheat has been sent for
ward. The prices obtainable for wheat are so
satisfactory the quantity consumed at home will
be greatly reduced. 1t is also certain the banks
years. 1t Is worthy Of note, however, that the
shipments were not of normal size to the usual
importing centers, but acquired such huge d.
meusions owing to the addition of large supplies
to other importing centers, principally In the
Mediterranean, which took something like 3d.
100000 bu. 1t is obvious, therefore, the large
shipments be regarded in two lights They
point, first of all, to a capacity Of Russia to
ship. which, venture to think. few
pected but they also show that other countries
are preparing to import wheat at a rate which Is
simply astonishing. We presume. of course, that
the wheat shipped to such countries as Greece
Spain. Portugal, etc., is not dumped or shipped
unsold, but Is sold and duly paid for and the
fact OF such importers being able to take 320O-
600 Blu in week is factor which should be
given an important place in our calculations
Primary receipts, 1,165, 900 bu against 1921
600 bu. - 49, s..- o.. 49, .
Bradstreet,s in full shows Wheat, east Of
Rockies increased 26SS, 600 bu; Europe and
afoat increased 1000, 900: total increase 1885,
900. Corn increased 1,426,000. Oats increased
275, 900.
United Kingdom, Austria -Hungary-Weather gen.
orally seasonable: more wanted. Rumania
Crops have good snow covering; stocks accumu-
lating. Russia-Weather milder in south; snow
garia--Outlook favorable. North Africa-Good
rains fallen. France-Been some snow and rain.
Crop situation unsatisfactory. Australia-Char-
tering cargo room continues. India-Reports IA
vorable.
Forecast: Enthusiastically cloudy and
colder, with snow hurries Lake Superior:
warmer Wednesday. North Dakota-Fair tonight
and Wednesday; colder northwest tonight; warm
Fair tonight and Wednesday; colder. Iowa
Fair, colder. Mssouri-Far; colder in east por-
ton. Illirois-Fair, colder tonight and in south
portion Wednesday. Indiana, Michigan, Wis.
December closed at s106B,' and May at
$1.10k. -. =