The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-23
Much News on the Strong Side
and Much Selling of Wheat
as Well.
Rumor of Governmental Action
by Russia in Oats Export
Affairs.
Good Local Cash Wheat Demand
and the Flour Trade Is ~ >
Active. .....~,.s..-....

,1;,nsano,is Chamber of Commerce. Oct %
Wheat was q strong early market To-Day uespite
81 heavy run of selling orders right after the
opening Traders are beginning to concern then-
selves more about the prospective SITUATION in
Chicago. Report ras had 1t that o,ooo'ooo w
wheat would go into chicago 1oi oei.s ,a " - Ter
cember contracts. Minneapolis was looked 10 1or
1O&lO 900 bu Duluth figured to seno out
2 500 900 before navigation closes ana II was ~
the calculation that Kansas city "ould senu Wy
cember contracts. Minneapolis was looked 10 1oi
such an estimate these are Dig ngures' ~
may be doubted If Chicago will get more than
500 600 bu from Minneapolis, the Duluth hneup
does not promise over 100000 and If Kansas
CITY ships up 100000 bu to Chicago between
now and December it will be heavy movement.
This would be 2,500,00 bu out OF when posi-
bly, ), 500, 900 bu of contract grade might: De
made The elevate have felt certain that they
could deliver 100000 wheat OH chicago De-
cember sales. Indeed, they already claim more
than half of it, and say they can deliver 6'ooo'.
600 bu contract wheat today. This makes an M
teresting situation In December. II there IS 10
be 10, 00 900 blu contract wheat in Chicago for
December delivery then the question OF Ar
mour's position as the receiver of this wheat
becomes Of first Importance In market way
in view Of tho carrying charge to May 49,
The local pit felt the effect of early selling
by Lewis, Commons and Watson, while Wood
worth was the best buyer. The increase in ele-
vator stocks at $4,000 bu for two days was not
very heavy, neither were receipts here heavy.
with 675 cars against GIT. Millers were buying
the cash wheat. American shipments were largest
in the worlds movement and number OF othec
strengthening items appeared. 1t did not take
long for the market to recover from the early
wavering and turn firm and steady.
rumor went around that the Russian govern
ment had prohibited the expectation Of GA is, but
cable inquiry failed to bring confirmation Of it.
Flour shipments were So, 307 brls. The opera
ton Of the mills Sunday should make an.
other good showing tomorrow.
Duluth got 3S5 cars compared with IA. Chi
cugo 146 against 81, Kansas City AS, 600 bu
against 143 900 and st. Louis 1O1 900 against
$4,000. Winnipeg received 436 cars against 24S
Primary receipts 1,613,OOO bu against 1892
coo.
Liverpool closed 81 I'D higher.
Bartlett had later confirmation of the report
of government action against the expectation OF
oats from Russia. This, while Of impor lance tc
the coarse grain trade, a speculative con
sideration in wheat also, suggesting some
such later action in that grain.
With Fort William and Port Arthur, Chicago
lakes and the canal to come, the visible supply
shows 1 s57 900 bu increase in wheat and a de
of POS. 900 bu in corn.
Export sales were so. 900 bu oats from New
York and three loads late Saturday from the
gulf New York also reports 30 loads of maca
doni Manitoba wheat sold for export Saturday.
The royal statistical bureau of Prssaa estima tes
the condition of the new seedlings Of the mon
archy on Oct. IS: This year wheat, .76 rye
.7S; last year. wheat rs; rye, T.. In 1908
wheat 49, rye. 80.
Clearances 1928, 900 bu. wheat and -four.