The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-23
Only Little Lot of Five Loads,
but It May Mean Much
\ for Prices.
The Report in just at Close Of the
Market Corn Also
Sold.
Dry Weather Reports Are Still
Coming from the South
west.

Minneapolis Chamber of Commerce, Nov. d.
Against the two important depressing influences
of Indifferent foreign markets and larger north
west receipts, wheat was stubborn and hrm
early, opening only shade under yesterdays
close at $1.11as and holding around that figure
The sight of 1926 cars in Duluth-which market
has been running behind as a rule-against IA
a year ago, made traders look for bearish
northwest showing, and when Minneapolis was
some selling developed. All this effected was
decline to Sill for May, and as soon as 1t
ceased Stills was touched. Chicago had Al
cars against 119, Kansas City $4,000 blu against
IA oOo and st. Louis $4,000 against los, 900.
Winnipeg had 3O5 cars of which 81 graded No.
northern and II No. northern. Minneapolis
week 3. '...3.-.
The situation in Argentine Is in dispute, and
cables conflict. Liverpoops opening Of hd up
was due to rain reports, but later that market
fell back. Chicago had advices Of fine weather,
but other private cables made it just the re-
and told of rains in the provinces of Santa
Fe, Cordova, Entire Rios and Buenos Aires. This
Is now the price-making factor Of first impor-
lance. Harvesting should begin within few
weeks in portions Of Argentine and the weather
up to that time will be watched with greater
interest than ever Later cable advices made
the weather clear today and the rain advices
were found to cover conditions up to yesterday
only.
In our own country the weather remains I'M
changed and the southwest continues to pray
for rain. The from Kansas and Nebraska
Is unfavorable in the extreme In some cases,
and nearly all messages close with the statement
that much damage has already been done and
that unless rain comes soon the winter wheat
crop prospects will be lowered very materially.
No immediate relief appears in sight This
morning it clear and pleasant at Omaha, ST.
Louis and Kansas City and there was nothing
in the forecast to help out.
A live question is that Of accumulation Of
stocks in the northwest. The total in Mtnneapo-
lis elevators for the week last year ending on
date corresponding to Saturday next was $685.
900 bu. The total this year Is $4,000, with
two days yet to come, known increase 80 far
of 100000, and prospect Of an increase In all
for the week Of 100000 to be added. Duluth had
has 4,8e4, ooo with chances about stand
off, but probably favoring some increase for the
week. So long as stocks are we'll above last
year and continue to increase It will be handt-
cap upon the bulls.
The Kansas state report puts the wheat cond1-
tion at SO, and says dry weather damage is es-
pecially heavy in the wheat belt; condition as low
90 in counties. The condition year
ago was 90 The acreage now is 5,9O6,OOO, an
increase of $4,000 last fall. The wheat
yield this year. 81 100000 bu. The September
900 was raised. The corn yield is 10000, 600
against no. 600 year ago.
Primary receipts !, 049, 600 against 1,466, 600 a
year ago.
Fair cooler, brisk northwest winds. North Da-
kota-Fair. Nebraska-Fair, cooler. Kansas
Fair; westerly winds. Missouri, Iowa. Wisconsin
Fair tonight and Thursday; cooler In east por-
tion Thursday. Illnois-Fair, cooler Thursday
and in northwest portion cooler tonight. In
diana, Mchigan-Far, cooler.
the sea board that five loads of wheat, twenty
loads of and $4,000 bu oats were sold for
export. This sale of wheat, altho very small
lot made the most important news item of the
lions entirely different from those ruling
when the decline began. It was too late to- learn
more about it, but the sale was confirmed. w. =
December wheat closed at 81. 0s4a @1 os5sf May
81