The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-11
Light Receipts, Firm Cables, Rain
in Argentine and Big Wis
ible Decrease.
The Market Gains as@1ac as Net
Result Cash Prices Weaken
q Little.
The Government Report Shows
the Winter Wheat Starting
Off Well.

Minneapolis Chamber of Commerce Dec. H.
Rain In the north provinces of Argentine, where
cutting of the new crop Is beginning was the
main influence in wheat at the opening OF the
week The prospect Of continued rain put
frinness into Liverpool and brought early cables
N@%d higher. Worlds shipments made an
last week. at 12752O 900 blu, compared with 49,
e38, 600 Russia and the United States also
switched around. and while Russia sent out a
Zig quantity last week, or 5,As,0OO bu compared
with oEly 2,96S,OO from our country, today s
figures made the United States head the list
with 4, 56S, 600 bu, while Russia fell below with
1900 600. The bulls saw comfort In posted hour
shipments Of 81 ,2s2 brls, which looked better
after the recent fall to $4,000. Receipts here,
while 1928 cars under the ,092 OF the correspond
ing day last year, were nevertheless larger than
many had expected, and the 1853 cars in made
enough to go around. Improvement IN sne
northwestern car situation and the probability
ST larger receipts soon was a bear caro-. The
Treat Northern road set out over 1000 empty
cars on Friday, Saturday and yesterday at I'M
portant stations west and north OF Larimore,
~ D.. and other roads are making successful
efforts to move in the STUFF. Elevator stocks
s in Minneapolis increased by only 10000 Du Tor
one day, but the bears feel that with more cars
in the country to bring in the wheat stocks Will
soon begin to climb. The cash wheat showed a
fairly good demand but the market was without
snap. Two cents under May for No. northern
and 4e under for No. northern north sn,G were b the
on former December basis. would have been a
premium Of 2c OF loss Of h@Ac. Too many
uncertain things were in the air to make the
market very active. May went to 871sc and
December to 83c. There was the visible to come
and the December government report giving the
acreage soBn to new winter wheat and pending
receipt Of these adyices traders did not care tc
venture in very far.
Duluth got 102 cars against IS, Chicago Is
against 65 and Winnipeg S26 against 254 st
Louis received 115, 900 blu against $4,000.
The quantity afoat for Europe at 35,936, 0O(
bu shows increase for the week Of 1872 900
The visible supply was reported to have de
creased 2,282, 900 blu for the week. This was
surprise to all the trade. No one had expected
anything like it. A majority had looked TO
a pretty fair increase. The market strengthened
on receipt Of the figures. -, -. ..-
The government report makes the new croI
winter wheat outlook very favorable to start
with. The condition is high, at 95.4, and the
81 ,341 900 acres, or about 6 per cent
larger than the area in the December report
OF last year. December report, while 1t, OF
course. has its bearish bullish effect, does
not really mean much. The spring uncovering
tells the story. The office statisticians got busy
bu, as indicated. Last years winter wheat crop
held up well from December until the har.
vest of the following year, and suffered less
than winter wheat crop usually suffers. yet
the area at harvest time was down to 29, 728, 00(
acres and the yield was 424, 600, 900 bu. The
winter rye starts or in good condition, aver
aging 95.4.
Primary receipts were 1,24s,ooo bu, against
1888, 900.
Kansas City received 10000 bu, against
10000 rs