The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-13
w eat ais
Accumulation Of Stocks and Lack
Of New Export Business
Weaken 1T. g
Flour Shipments Continue Heavy
and Cash Wheat Demand !.
Very Good. #
Jones Issues His Corn Estimate ~
News and Gossip of the F's
Day. aF5ss3.s

i Minneapolis Chamber of Commerce, Oct ID
Accommodating stocks and no evidence OF new
sexport sales made wheat heavy In the early part
sof todays session. Foreign sales were expected
Jas bids for Duluth and Manitoba wheat from
4 the United Kingdom We're " ole higher yestsr-
day, and Germany also in the market. the
4 seaboard said France, Spain, Italy and Algeria
sent good bids for macaroni wheat, but they
were 1ac below working basis. With this exten.
aive inquiry and only slight difference between
buyers Nh dsellers it was confidently expeeteo
some good-sized lots would be reported SOLO III
\ the early advices today, but nothing OF the
I kind came up to 1880 am, and the market
turned heavy. Minneapolis stocks are IN Tor az
increase Of 100000 bu, Tor til week, which u.s.
ptling it up some. :. It. Is true the stocks are
not large compared with year ago and tina:
the Increase is not likely to run SO heavy next
week Still the accumulation, without onset
from foreign sales, had some effect upon sent'-i
ment. The saving thing and a, thing OF mrs.
Importance is tn edour business. Today's post
ing showed another big total ,o95 brls shipped :
out The Northwestern Miller makes the pro-
ductlon for recent week 429, 43O brls,F and
shipments for last week 4SS, 635 brls. The Miller
says export business Is Frightening up again.
Bids from abroad are being received freely, and
several sales Of patent were made last week t"
Great Britain. Some Of the milsl report, how
ever that it is very difficult to do business
there on account of price cutting They say
that when they made an offer to foreign COD.
nection the reply states that others are offer
{ ing freley at lower prices. A good business
however could be done Mn the United Kingdom
in patents If prices could be reduced a tr11e
There is no demand from there for first and sec
ond clears, altho Holland is taking these grades
freley. .r'"-'~ ='- " '
The local cash demand was again very salts
factory at firm premiums, &c over for Nos2 J
northern and Nc under for No. northern.
while No. sold from TIC to 8oc and Mo-
from Toe to Soc. Millers and elevators bought
from Toe to SOC. Millers and elevators bought
Minneapolis got 634 cars compared with 71S.
Duluth 233 compared with 17S and Chicago By
against 49, The southwest showed up more stun
h11
ST. Louis and 157. 900 against $4,000 at Kansas
; City. Winnipeg got 4s6 cars against 3e7. r. :
Argentine shipments for the week were $685.
coo bu compared with $4,000 DIN the proceed
ing week and $4,000 a year ago.
Primary receipts 1,346.o3 bu against 1885,
COO. Clearances wheat and flour 900 tu.
Chicago quotes James S. Bell as saying that
American mi1lers will need about all the wheat
they can. get at present prices. .. = =
H. V; Jones figures apepa rec go covering corn
Carry says the best information obtainable
from every western state seems to show that
the crop so far exceeds the recent estl-
mates based on the government report Later
information gives details of the Jones re.
port as follows: New England and North IA t.
lantic, 1882, 900 acres, 9S,27e.ooO bu the south,
81, 100000 acre; 621. 9O7, 600 bu central and
southwest o3,sO3,OOO acres, 1900 022 900 bu:
other western 266,000e les, 6792O 900 bu; total,
80, s91 900 acres. 1881 ee7 900 blu.
The report says it is the common opinion of
leaders in the corn trade that the government
has overestimated yields for three four
years, notably in 1904. 1t may be said fairly
that equivalent Of about 125, DOC, 900 bu OF
government over estimate Is due to the use OF
too high an acreage. $3.50. ...5 =,
The Modern Miller says that over large area
Of the winter-wheat belt seeding is not com
pleted owing to unfavorable local conditions OF
desire to avert damage by hessian fy, but ir
the large portion of the territory devoted t.
that grain the seed is in the ground and muet
of the crop Is up and locking WE'LL Little
winter wheat Is moving to, market, and mos
of this is hard winter from country stocks