The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-25
liverpool Wheat Jumps 11sd and
Minneapolis May Sells
Above $1.1311a.
The Bears Run Against Some
Ny Disconcerting For
eign News.
Russian Shipments Likely to Fall
Off-Winter Wheat Still
Dry.

e, Minneapolis Chamber CT Commerce, Nov 70
She bears had a pretty stiff lineup or ADVERSE
reports to face when wheat opened to-day anu
While they held the market quiet AFTER the open,
Ing advance of cent they were nervous ana
decidedly less confident than on wednesday
over the holiday Liverpool advanced La "
1Ad on news from Argentine more serious tnan
anything in 80 far, to the effect that bad weather
has been experienced and damage has resulted:
There was as usual conflict In the news and
later private cables stated that harvest has pe-
4 gun; that the weather now is favorable and
that first cuttings look very good The rise IN
4 liverpool, however, made these later advices OF
little use for liverpool is nothing If not con-
seFvat1ve ana the strength there convinced the
trade that there Is something wrong In Argen-
time after all This was not the only strong In
haence. Russian shipments, that have been SO
heavy are not likely, according, to Broomhali,
n 10 measure up to recent figures in Mondays sum
mary This enough in itself to put strength
into prices for Russia has flooded Europe with
wheat for the past several months; Budapest
was up equal to Sc and Berlin &c higher. Lon
don spot wheat closed SD higher.
In the winter wheat states no change mas oc-
cured The news runs unfavorable and nervous
ness increases. The Price Current says cont1n.
nance Of dry and mild weather Is not favoring
rapid curing of corn. but husking and cribbing
are making good progress. Somewhat more talk
OF yield dlsa ppointments. Wheat crop situation
Is not essentially changed and not yet ,dtscour-
aging. The forecast is for cloudy and variable
weather over Kansas which bears promise OF
some relief, but the general forecast Is Tor ralr
weather Snow fell this morning at Duluth.
Receipts held up in the northwest but TEL TEL
under in the southwest. Minneapolis had 1865
ears against SIT, Duluth 2o5 against 24s; a sad
Chicago "a against 95. Kansas City got "a OOC
blu against 49,, 900, and St. Louis $4,000 against
10000. Minneapolis elevator stocks will show
about $4,000 bu increase in tomorrow's state
ment
Primary receipts 100000 bu, against 1870,
COO; shipments 64S, 900 against $50, 900.
The Modern Millers says: There Is continu
ance of drought conditions in the territory where
the largest part Of the winter wheat crop is
raised. There are numerous reports Of wheat
fields being 1nfesed with Hesisan fly. but DANA &c
Is not serious, 1t Is confined largely to early
Bown wheat.
z 1882, 900.
Armour's Rosario cable Of oath reads: Rain
ing and crop seriously threatened. His cable OF
this morning reads: Weather warm
81 Broomhall's Argentine cable says: Tone Of
the market dull, with demand for export less
receipts from interior moderate Weather condi
lions are generally favorable There have beer
partial rains recently. Tone Of corn market firm
{ with foreign demand good and arrivals from int
h rior large. Visible today, wheat 2,O4.OOO bu
i last year 1o24 600; today. 9a24OoO bu
! last year 3,086,0O
December closed at 81 10 and May at $113.