The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-22
May spurts Up to $1.1214 and
Closes the Day at
$1.111a. K.
Bad Reports Coming from the
Southwest Where Rain Is
Needed.
Receipts Heavy Here, but Lighter
at Southwestern
#9 Points. Ia .

Minneapolis Chamber of Commerce, NOV. -
Wheat showed tendency to react early today, anu
1T looked as il the market was about to pull up a
little out of the hole Minneapolis May opened
astraight cent higher at Sill Is, ana december
was also up u cent from yesterdays close at
$1.OS@1 .0SA. Beyond this it was DIFFICULT 10
move the, market Trade turned very quiet
1 Many stood ready to buy the wheat, but they
could not see the end of the decs1ne ana peleVed
that Armour would take another fall out OF the
market before low points would be SEEN AS
many more were still very beansh but natur-
ally hesitated to sell after long -continued de
cline. The market a deadlock between the
conflicting sentiments and stood ready TO move
either way any news important enough TO
81 start it. Taking the news on the whole, Foreign
hand domestic, there was much 10 encourage
Tstrength after the late big decline. Llverpool
gwas up SD and on second cables hs1 hlgher. III
i the face of the severe drop in American mar.
kets yesterday, this very surprising. mat
Liverpool should not only fail to hollow our
a weakness but should advance against IT., was
h enough to make the bears pause and think
- little. Later advices of bad weather again
n In Argentine, and this accounted for the LIVER
] pool advance. The cables also limited at d1sap-
pointing yields in New South Wales, and 1hls
was another support. -, Z, a.
So far as the movement of wheat to market
was concerned, the bears had the better of 1t
for the figures looked big by comparison with
recent showings, Minneapolis getting $50 cars
against $50. Duluth also ran closer to last year
than has been the rule, with 42o cars against
BOD, while Chicago had 119 against 1874. The
southwest failed to equal this and Kansas City
/ had only ISL 900 bu against 900; st. Louis
$4,000 against $4,000. Everybody looked at
Minneapolis however, and so saw bearish figures.
Minneapolis stocks have increased 325,000 bu
1 SO far this week Winnipeg made the banner
gain in receipts with GAO cars compared with
297 year ago.
Primaries: Wheat-Receipts. 1882, 900 bu
against 1,5150 900; shipments. 900 bur O'ainst
4 100, 900. Corn--Receipts 953, 600 bu against
\ $4,000; shipments, 25S.0O0 against 227 0O0
Clearances wheat and -four 126,00 bu.
Duluth wired: Orders here for Manitoba
"a spring from English millers who have not been
VI In the market for months.
II y, Kansas City wired: Hunter Milling company
- Wellington, Kan, wire: If don't rain this week
dSshere will be wheat in Sumner county.
EbC Broomhalrs foreign crop summary reads fol
i hows: United Kingdom and Austro- Hungary
SORcent rains have given partial relief but com
oo,n ints of drought come from several districts
Il Ipplies Of native wheat somewhat larger
hiiaiy, Spain-More rain wanted. otherwise out
look satisfactory. Russia, Rumanfa-Winte
crops starting with general conditions favorable
Smaller shipments expected, but stocks at Blacl
sea ports fair
Forecast: Illinois, Indiana Missouri, Iowa
i Nebraska, Kansas-Fair tonight and Wednesday
Wisconsin, Michigan, South Dakota-Fair, cooler
! North Dakota-Fair, warmer. Mnnesota-Cloudy
| with probable showers.
The worlds visible increased by 3,453, 900 bu
4 The situation In the southwest is growing
4 worse, from all reports, and unless rain fall
a soon the winter wheat will have a very ba
4 start.
December closed at 81 .OS& and May at 81. II y