The Minneapolis journal., 1905-10-06
Local Wheat Stocks 100000 Blu.
Above Last Year, but 4,O00, 900
More Received.
Traders Looking Up German Tar
IFS and Reports Of Export
$500 Sales.
The Color Of Strength in the
Southwest Reports, Now
Coming.

Minneapolis Chamber Of Commerce. Oct. O.
Probability Of 1ooo, ooo-bu increase IN local eie
today on the holding down side The estimate
Of the secretary's office Is for gain OF $4,000
bu. The elevators have been buying more OF
less every day. and It is not surprising that
thing is that, with $4,000. 900 bu wheat mar
keted since the new crop began to move, and
is, 900, 900 bu received in Minneapolis against
il, 600 900 In the corresponding period last year,
stocks should not have increased before this
Tomorrow's report should show about z 600 600
bn here. A year ago the total was 1,6S2,11o.
There will be practically IL oo0 @ o10 6u gain over
in. The mills have used up a good bit OF
wheat. and -four shipments are holding up at
rate to prove the continued consumption Of
big daily quantities, the outward movement
averaging about 900 barrels a day.
Nearly everyone in the trade appears to have
after the report Of the sale Of No.: northern
to Germany with a view to verifying it or finding
out just what Importance to attach to it.
Good authority says that the lot sold was only
two boatloads or about 10000 bu, end that
was at the eastern seaboard. Other comment
says Germany does not any hard spring
wheat to speak of, and is unlikely to appear
sS has It a tina
larger than the sellers care to make public
However this may be- some business was done.
The German tariffs are in ouz favor, by about
&c as against Canadian wheat Nevertheless
there 1s pretty steep German tariff against
us. 1t now amounts to about &c bushel on
wheat and to SIS 5a barrel on aour. Elective
March l, next these duties will be increased
TO about 4sc bushel wheat and to 81 a
barrel on -four. which will Of course b pro-
hibitive. Germany always has Russia close at
hand to help her out II she is short OF wheat
heavy crop-losses in Russia are not oyerstated,
she may find different situation this year.
Hence her importers might buy considerable
American stuff between now and the date OF
Applfca tton of the tariffs.
Primary receipts were 1862, 900 bu against
1926, 900. Clearances, 22s,00 0bu.
The Modern Miller says: Excepting In
few dry sections, or where farmers fearing the
Hessian fly have delayed putting in their crop,
winter wheat seeding is progressing favorably.
Deliveries Of wheat from the country remain
small. and will continue that way until farmers
have completed their fall work"
< The color of strength appeared in the south.
west report. P: L. Rea Is quoted as having
found dry weather affecting the new winter
wheat in spots. G. W. Lonsdale Of the Kansas
City end Of the Van Dusen- HARRINGTON interests
was on change. Not so many bears, he says
are now found there as earlier in the season
when the wheat was moving more freely. Other
90 southwest adyices were Of changing sentiment
company, Kansas City, wired the Peavey Grain
company that 45 per cent Of the crop Of Kan
eas 1s marketed and that the average yields
gre about IA bu per acre, which makes the
n Kansas total $4,000 900 bu: In new winter wheat
80 per cent Of the work Of seeding is completed,
but dry weather reports are coming In from
a number of localities.
s aaspsa a9s got sSe cars aaanst Duluth
sas City received 129, 900 bu compared with
y 600, and st. Louis 81 900 against SO, 600. At
(: ~ 1nnlpeg 4Sl cars turned up compared with
No. / northern on spot 1@1hc over Decemher
was the going price, with No. quotably l@1Hc
under, NO. 76@7Sc and No. 4 7O@75c. No: i
toetnesn ts TO arrive brought 1Ac over and No. 2