The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-09-09
But the Market Holds Well on
the Whole, With Good
Cash Demand. -
Expectation of a Big Monday
Run Again an Influence
for Decline.
81
Good Flour Trade a Stimulus
News and Gossip of the
Week.

around with heavier local receipts and
an increase of $4,000 bushels in Min
neapolis elevator stocks for one DAY,
and good weather predicted for tonlght
and Sunday, brought the suggTei;t th 4S o.
cars in today, the talk was of a prob
able 800 run for Monday and pressure
on the cash market. This turned the
I options quiet, and while the bears could
do little toward depressing it, the bulls
. found it equally hard to raise it. The
local comparison was heavy one, Tor
against the 425 cars there were only
'rl85 q year ago today. For the week
the change in stocks was not impor-
tant, nominal gain of 6,059 bu ap-
pearing, which made the total Sl7,767;
but the gain Of $1,000 bu for the one
day since the figures were made up
l. shows clearly that the time for rapid
accumulation is at hand: .
Receipts at points other than MIN
neapolis ran under last year, Duluth
getting AZ cars, compared with 70, and
Chicago 80 against II, while Tor the
O. southwest the comparisons we're $1,000
. bu against 100000 at Kansas City and
s 5000 against $4,000 at st. LOUIS.
Winnipeg got 33 cars against g.. The
total for the primaries was 9l3,OOO pu,
which, while big enough to make the
market easy, was really light ddo by 6yyo com ON
about standoff with year ago, when
the figures were $4,000.
IL The market met with the usual week
end selling before the close, and altho
j there was not very much of this, and
2 the pressure, was not great prices
sagged. The tone at the close was
weak.
r. Cash demand was fully as good as
ket. No. l brought 21a@93c; No: 2,
z 791a@S0c; No. 3, 73@77c; No. 4, $50
i 74c; No. to arr i've, 1:1ac bid over Sep
8 TENDER; No. 2, 1ac under September.
The weather map showed the Cana,
: dian northwest As to As above and
cloudy, several points missing, The
northwest, ~ to so, partly cloudy, Bis
marck, 10 inch rain. The west So
& to sc, cloudy, Valentine, .32 inch rain.
The southwest "a to "A, part, cloudy:
4 Raining at Wichita, 80 inch, and
Dodge, :2S inch; Amarillo and Spring
field, Mo, 1.04 inches; st: Louis, a
{ Oklahoma City, oil. Ohio valley SO to
70, generally fair, Cairo a trace.
The forecast sa VS. indications are for
& some scattered showers in the trans
! Mississippi district, but continued fair
weather in the lake region. Minneso-
with showers northeast, and cooler
northwest tonight. North Dakota and
South Dakota, Iowa, Montana and Ne
braska, fair tonight and Sunday. Kan,
sas, partly cloudy tonight and Sunday
with probable showers. Missouri
partly cloudy, possible showers. Indi
ana, partly cloudy. Illinois, partly
IRENE south. Lower Michigan, fair
warmer north and extreme west.
Broomhall estimates worlds wheat
shipments Monday next will be about
8,s00,000 bu. Arrivals of breadstuffs
into the United Kingdom during the
900 bu. He predicts that there will be
4 a fair decrease in the quantity OF
4 breadstuffs on passage.
Liverpool wheat opened steady with
prices zsd higher, due to the good de-
on weekend profit taking. Corn opened
with the strength in America yester
day. Later, however,, prices eased of
in sympathy with . forecast of larg1t
4h elear wns heeSy4 ,6 SSSp! bn
York Of $1,000 bu Manitoba wheat
$4,000 bu red winter wheat and 10000
blu oats sold there late yesterday. Casl
f. business in all positions yesterday a
bh eeg1 a Ma E2 P bu w oats,
$4,000 blu oats for direct export. Kan
sas City sold 34O,O OC bu wheat, partl,
for export. The Atlantic seaboard sol,
Il 1000 bu wheat, of which 100000 b.
were Manitoba. The seaboard also sol
Il $4,000 bu corn and $4,000 bu oats TO
Il corn at 112c Chicago to Buffalo.
George Duvigneaud says of the maj
ket: Europe needs some of our whea
a year ago, and we have a fair surplu
G a burden on the market, if the Anne,
dred to. one hundred, and twenty-fv
higher than they now are. With whea
ers would sell freely and the visib]
rope would take advantage Of our sit1
I alton and the market would go niue
lower. But with present prices, farm
ers of this country are not going
Ii sell fast enough to bring on any yer
Is depressing conditions. The rush {
winter wheat is already over, and alth
the spring wheat movement may /
heavy for a while, if the weather r.
( mains favorable, the movement Of bot
L spring and winter wheat will not hay
4 as much influence as expected by SON
traders, for it must be remembers
1 that the home consumption of wheat
enormous and terminal elevator BIZ
are still practically empty