The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-30
December Off to $1.11H Early,
but Up to $1.14ss Later in
the Day.
Big Receipts Break II, but Fail
to Hold It Down Very
Long.
Quality of the Receipts Runs
Low-News of the Grain
Trade.

Minneapolis Chamber Of Commerce, Stpt 90
Big receipts bore heavily upon wheat this NOR
ming and put December under LIZ to start the
session. Then the market frmed UP to SLIPS
and held quiet and steady for time. There
was considerable short selling early. Three hun
dred cars more than year ago was what Mime
apols had to show or 655 cars against 355.
300, 900 in Minneapolis elevator stocks, dis
couraged many small holders. The fact that
stocks ought to begin building up now was not
taken into account. nor the fact that year
ago this week the Minneapolis increase was
bq aiyen ar Ihe pear aPsn
cannot be bulled while more wheat tnan last year
Is coming into Minneapolis, and there Is much
reason in this. yet to the bulls who are hu!l1sh
for long pull this does not mean much. They
figure that since the crop is lighter and the
movement heavier. the thing cannot Keep up
fol- ever and while they may have to stand lOHs
siege OF It. the time will come when there Will
not be much wheat in the country. Aside from
thas it has poor run Of wheat to date
approximately there has been 10 per cent of No.
l northern since the new wheat began 70 come,
balance has teen No. or lower. Close to 20
per cent has been winter wheat.
Today the excess over last year In the north
west was 235 cars, for while Minneapolis ran
ahead 300 cars, Duluth was little under. with
2ss against s4s. Chicago had 4s against -. 4$
increase at ST. Louis Of 100, 600 bnu against 1O7,
900 being more than offset by Kansas Oity, with
only lit coo against I'll, 900. st. Lou.s shipped
Shipped 1z5 0oC against So, 900. With reference
to the supply situation the whole the most
condensed yet comprehensive summary yet
heard Is the remark Of local authority who
said this morning: when Maine miller goes
into the southwest in the month of September
and buys wheat at price that will make 1t cost
him 81. so bushel when he gets 1t to his mill,
you can make up your mind there was something
wrong with the crops this year
Winnipeg the aims have
delayed threshing in Manitoba and have Increased
the quantity of no grade and tough wheat.
The most sensational report was that OF l..
]. Lincoln Of Aberdeen, whose firm has informa-
ton from 600 farms on which the average
yield is under eight bushels per acre, some run
ming two six bushels.
Prtngle wired to A. G. Chambers: Don't eX-
pect to find rest cure IN the Wneat market
this year It will be fast market at all stages
of the game and probably the slowest time will
be just now, while the northwestern movement
steadies it down It takes the big eleva tor
interests and the big northwestern milling in
terests and the big receipts something out of
the ordinary to ballast it every hour and keep 1t
from running away with itself and making the
buying OF the cash wheat strenuous for the In
terests that must control the actual wheat
Modern Miller There complaints
Of delayed blowing and seeding Of winter wheat,
but these are generally Of a local character and
of little consequence in the principal surplus
states. In some localities there has been toe
much rain, in others not enough There Is q
tendency to delay seeding as long as possible in
order to evade the Hessian fly. The plant is uI
to q good stand in the southern part of the
wheat belt. Mills located in Illinois and Indiana
south Of the Ohio river, are drawing upon the
accumulatve points for wheat supplies.
Broomhalls Australian cable, just received
= that the markets there are excited Ship
pers can offer nothing
Primary receipts, 100000 bu, against 1,113,
s 900 bu.
December closed at 81 1875; May at 81 .14B ane
September at $113h.