The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-12-06
Minneapolis May Same as Yes
terday After Some Very
Heavy Selling.
Broomhall Confirms Rust Reports,
but Liverpool Still Holds
Back.
The Domestic Situation Turns
Stronger; Primary Receipts ~
Light.

Minneapolis Chamber of Commerce, Dec. g.
New reports of the unfavorable crop outlook in
Argentine were In today and they held wheat
firm atho early price level was fractionaily under
yesterdays close. This because Liverpool
failed to come into line with the American
strength, and while foreign markets were up
the close unchanged to 1sd higher. Clearly
Liverpool does not think 1t time yet to get
alarmed over the prospect In Argentine, and IS
waiting for something definite Meanwhile
the Watson cable Of this morning from John In
glis, dated Villa Maria, Cardoba Dec. o. reads:
. Wheat very poor, rusting badly, hot and show
cry. Rain is injuring crop The local trade
takes the reports from 1ngl1s very seriously,
and believes in them. The fact that Liverpool
does not follow is not necessarily proof that the
American expert has overstated matters or mas
taken too serious view of the situation. Rust
Is not common a thing that every one knows
it at once, and it must be remembered that when
the rust struck the northwest last year, after
weather conditions in Minnesota and the Dakotas
very like those that have ruled in Argentine.
there We're few in the grain trade that knew
much about it, and many farmers that did not
recognize it until pointed out to them. Argen-
tine might conceiyably have rust In important
districts and it might escape notice until later
and Liverpool, getting reports very largely from
commercial houses at the seaboard might go
along in the belief that nothing very serious was
the matter. while an American crop ESTIMATOR
especially of Ingls' long experience and ad-
mitted ability having seen the rust develop in
own northwest, might go into Argentine and
the beginning of crop deterioration before
+ any one else. lime Will tell dDUuL lulS, Jul
meanwhile it will not be fair, and indeed 1t
might not be safe to assume that because Liver
pool falls to take as serious view or 1t as
direct American reports would suggest tnat tnese
i had number of reports con1irmatory OF Dao
weather Verhoeff had copy of Milm1ne ca
! BILE and this, with the Harrs-scotten cable. the
New York Produce Exchange cable and other ad-
vices, told Of unfavorable weather and crop
damage. May sold off to 81 1914 early. but
was 81 .16A after time. When this upturn was
: do n6yynr
local git. with the result that while Chicago
advancing &c, Minneapolis fell back Sc.
The worlds visible, according to Bradstreets s.
decreased by 100000 bu.
Receipts here were 4s2 cars, compared with
4s7, in Duluth 16s against 1875, and in Chicago
95 against 153. Kansas City received 1877 900
bu against s25.o 600, and st. Louis 1000 against
5 $4,000. Winnipeg had 4S6 cars against 112.
Minneapolis stocks increased 100000 bu so far
: this week.
The second important indication of what may
be expected in the forthcoming government
1 report was found in the Missouri state summary,
which bullish than that of Ohio al
ready issued. The growing winter wheat IN Mis-
{ souri, stands at IS. This is 10 points under the
7 October condition of o. and IL points under the
9 condition of IS at this time last year
Primary receipts 773,0OC bu, against 1910,
600 bu.
Late in the session Broomhall cabled: "ou,
agent in Argentine, Mr.. Danvers, cables that
{ of Cordoba and Santa Fe and that the damage
4 will be increased if the weather continues bad
The harvest is tmperiled by rains and yields In
( consequence expected to be light. The pros
5 poets in the provinces of Entire Rios and Buenos
4 Aires are excellent.
< Broomhalls weekly foreign crop summary reads
z as folCws United Kingdom, Germany and
4 Austro- Hungary-Weather conditions continue
( seasonable: reports favorable. France, Spain
{ Crops made poor start. Italy--Autumn too dry
but few complaints heard Of. Russia-some com
plants come from central parts, otherwise every
I thing; is satisfactory. Blockade railroads
s still severe and arrivals at ports meager. Ru
mania garia--Reports favorable. India
; Crops progressing favorably. Smaller shipments
& predicted after this week: reason given is tina
4 Liverpool has not advanced enough and ever.
one holding wheat.