The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-10-15
December at $1.1614 and May at
$1.16h-Local Receipts Con-
tinue Heavy.
REPORTS of a Freeze in Argentine,
but Liverpool Not
Alarmed.
Manitoba Purchases Construed as
Bullish and also as
Bearish.

Ainpeapolis Chamber Of Commerce, OCT. -
A freeze in the Argentine wheat heios W." th
bull incentive in wheat today, anu On ,u ~ S
market ran up again, December TO $lAo1a a.u
Nav 70 S1161s, both options setting INTO steaui
ness at 81 1871. Broomhall SAID there Neit
tempera lures in Argentine low enough 10 susse ~
nn.sihla damage and that Liverpool was nrhl ~
CONSEQUENCE Against this Liverpool closed 9sW
nd higher, which not much OK an ausa ia.
and not even good response 10 the i leiieai
strength of yesterday, hence IL was tahen Us
indicetino that while the Argentine weather may
be bad enough to warrant careful watchihg IT, I.a,
Is nothing serious enough to disturb the Enghsh
trade. The Liverpool ana Lonuo, inI 1870 nri
the situation. They have had the Ahei1can ~
vate and government reports, the European prl-
yate and government reports, anu JULIET nu, t -,
and they know that there IS NOT mucn "n nnl',h
the world this year, all requirements cohs.u-
ersd Long ago they were aware OF the 1u
ropean shortage and more recently Iney Ia anS
had the reports Of the Bulletin des tialies t nnu
the London Statst In full connrila' W. W.
tho Argentine prospects improved Liverpool coulu
not fail to be affected To date the Hnsilsn
traders know that there has been notnAns aiaia
ing and that the Argentine acreage Is con1ia a.
NV larger Than last year, hence they are dis
nosed to lie back and look to Argentine 10 .urn
out A big crop and equalze matters: Arseht,he
Is more than the important factoi .nls
year A big Argentine production would hnke
up for much less elsewhere. Should Argentine
cut into it would be another story.
Again there was big jag Of wheat IN mere
CAT cars against 303. Duluth had 2IS against
100. and Chicago 40 against 100. The southws Sc
showed 90 600 bu Mt Kansas City against lo1. wv
and az 900 bu Mt st. Louis against % 300. MIN
neapolis elevator stocks increased l,loI'ooS w
for the week and the present total Is o,I4o'ooo
bu. For today the increase reported IS Ioo,ooo;
The news feature yesterday was the reporteu
sale of 900 bu Manitoba wheat at Dulutn'
which had to pay a 25c duty. The enect OF sucn
q condition Of affairs Is construed as poth pear
ish and bullsh. Bulls figure that 1t SHOWS tne
actual scarcity Of wheat In this country. featS
contend that prices are out of all reason "hen
the worlds demand for wheat Is such that 1t can
permit Cenada to undersel us 25c a bu Finley
Darrell wired Johnson that In his opinion these
prices will tend to strtctest economies, ana the
average outsiders Will hardly be tempted TO
speculative support OF our wheat at prices 1oc
over Canadian. further advance, he says
certainly means an Increased burden for the Dull
Primary receipts, pa 900 bu, against LIDS
600 year ago; shipments, 41eOOO against
T27, 900 Blu. Ma,
The weather map shows light rains In Mani
toba North Dakota, Minnesota, Iowa and MIS-
souri, Temperatures-Cannda, ~ to o.; Noru
Dakota, ~ to "a; South Dakota. IL to 81; Mime
sofa, 90; Iowa, AZ to 81; Nebraska 90 to 90
Kansas 50 to Oh Missouri, 4S to bOi Illinois
az to SO.
The forecast Is as follows: Illinois, Indiana
Missouri Michigan, Kansas, fair and warme
tonight and Sunday. Iowa, Dakotas, Nebraska
cloudy tonight and Sunday, warmer Minnesota
Wisconsin. possibly showers tonight and Sunday
Clearances wheat and flour, %, 900 bu.
The market held firm to the close Prediction
of big receipts on Monday had no effect
December closed at $1.10A;. May at SILICA.