The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-14
Wires Down EARLY and Little
Eastern or Foreign
4 News.
Considerable Gossip of Bearish
Nature Now Coming to
the Front.
Local Cash Demand Shows Some
Improvement-Flour Orders
Moderate.

Minneapolis Chamber Of Commerce. Nov. L.
wheat fell off to start the week, and was luil
cent under Saturday by IL O'Clock: one reaso So
for decline was the cutting Off OF the foreign anu
eastern markets by the storm that swept the Az
lantic seaboard There was no eastern teie
graphic communicate and all the regular Mon
day statistics were missing. The market, Win
out foreign influence. turned more upon domestic
conditions, and with offerings OF cash "neat
somewhat heavier than had been talked o. prices
sageed The cash market was not depressing
but on the contrary the early demand was sat
isfactory. Receipts were under year ago, Dut
the difference was only 1872 cars, and many trad
ers had expected at least 800 cars decrease.
For Minneapolis there were 1883 cars posted ana
for Duluth 246 cars, against S53 and US year
ago. Chicago had 81 cars. against 146 Kan
City received 81 900 bu. against oo anu
ST. Louis 90, 600 bu, against 100000. Mime
apolis elevator stocks Increased 3lo'ooo pu hof
two days.
Advices came thru at 80 to the effect that
Liverpool was frmer and about asd hlghet' pu'
this was not help, and December wheat con-
tinued to sag, going to s1.15A.
Commons had advices from Armour referring
To the prospect of the cutting off Of Russian
shipments. Inquiry sent abroad from chicago
Saturday night brought reply this morning, read
ing: 1--WE see no cause for uneasiness'
Considerable interest still attaches to the graz.
ing of receipts. From Sept. to Nov. H. OF
all spring wheat received in Minneapolis only
1877 per cent was No. northern and 10 per
cent was No. northern, while tor November
the showing so far 1s worse, only 81 per cent
of No. / northern and II per cent Of No. z
northern while the No. grade also runs low, or
Primary receipts, 1,2e5ooo blu, against 1885
600 Blu; shipments, $4,000 Blu, against TAI, QUO
bu.
Commons had the following from Chicago later:
'AIarket bulled to death. Stocks OF wheat and
-four In merica and Europe, 1876, OO0. 600 bu, or
more than at any time since December, 1907.
Prices about DOC higher. Contract stocks OF
wheat in six, principal cities within 100000 blu
of same time last year, Notwithstanding the howl
that there is contract wheat In the country.
Low grades selling away under contract and be-
ing nilled in preference. The tremendous crops
in the United States of apples, potatoes, oats,
corn, ETC., make wheat very high and a poor
-four demand"
1t looks like over 1000. 900 bu increase in the
wheat visible, altho the report will not be COM
pleted today on account Of wire trouble. So far
it shows 300 900 bu increased. with Fort Will
liam, Port Arthur, the eastern cities, the lakes
and canal to come.
An Argentine cable to Bartlett Frazier reports
freezing weather there.
The Rosenbaum Grain company Of Chicago re-
ports Oklahoma acceptances Of wheat the largest
in six weeks, and all elevators the Rock Island
system full Of wheat They have sold fully
100000 bu May wheat today.
The forecast: Minnesota, Nebraska, Kansas
Illinois, Indiana, Missouri, Iowa, Wisconsin ant
Michigan-Fair and warmer. North and South
Dakota-Fair; south to west winds.
The Winnipeg inspection shows: No. 1 hard
car; No. l northern, 20; No. northern, 115
No. northern, 106; No. 4, 3S; feed. II; re
jected, 20; grade, Is; No. extra, %; No. s
II. Total, 975; last year, POT.
December closed at $1.15b, and May a
$1.16h.