The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-02
! Closing the Day Lower, Yet
Showing Few Material Signs
of Weakness.
Receipts Very Light Here and
Not Heavy at Any Primary
s. 81. Point.
The Manitoba Situation and the
American Outlook in
Review.

Minneapolis Chamber Of Commerce, Dec. p
Altho wheat closed little lower than yester-
day the market could not fairly be said to have
shown weakness at any time during the session.
y There was considerable Saturday selling, and the
price was borne back slowly. Nearly all the
figures posted were bullish, the exception Delng
the Broomhall estimate for Monday, which Is
for worlds shipments of 100000 bu. Re-
ceipts here were very light, and at all other
coming Of late. Locally there was good cash
demand, at about 2Ac over December FOR NO. l
northern. Primary receipts totaled 1,ss2,O 600 bu
compared with 977, 900 year ago. Clearances
Z wheat and -four equaled 14S, 900 bu.
Minneapolis received 341 cars against 6l4,
! Duluth 35 against 113 and Chicago 20 against
"a. Kansas City had $4,000 blu against 4s. 900
and st. Louis 81 900 against $4,000. Winnipeg
received 1T cars compared with 226. Local ele-
vator stocks increased 551, 463 blu for the week,
making total Of 6, pa, 765 blu now In store here.
This is about 100000 bu less than last year
at this time.
The weather map shows another drop in tetl-
.peratures in the northwest, with snow in Min
nesota Nebraska Iowa, Missouri. Illinois and
the Ohio valley. Clear in southwest
Broomhalls Buenos Aires agent cabled tna1
rains in the central portion have been beneficial
for wheat. Harvesting In the north Is progress
ing favorably.
Detroit sent the following from Carruthers of
Montreal: "If this export demand keeps up f0r
Manitoba wheat we look for the Winnipeg mar
tket to work up. We estimate that the farmers
have marketed about so, 900 bu of the Mani
toba crop, so 1t only leaves 25,OOO,OO0 to
100000 bu in their hands, and Of this
so 600 900 marketed there is only 10000 600 In
country elevators west Of Winnipeg. The bal
ance has been shipped east, and 1t Is all out OF
the market and will 60 for export as soon as 1t
fean be moved from bay ports to the railroad
i In the Commercial West H. v. jones says
s'The first fact of Importance to note Is that,
on the basis of $4,000, 900 bu for the last crop
the surplus above home needs has already been
sold to 60 east Of Minneapolis and Duluth,
mates will probably close the season at above
20. OOC. 600 bu. Minneapolis has probably shipped
OOOy0OO bu east and this would dispose of the
surplus out Of Il crop of 10000, 900. Leaving
3 the balance of $50 900 900 to supply home needs
Were this analysis to be followed to the end.
bullish showing would result. If the northwest
has in hand only home needs for the remainder
of the year, wheat will have to be brought II
from outside or further sales must be made
to go out.
minneapolis and Duluth have received $4,000,
900 blu ON this crop, of which small amoun
is winter wheat. Allowing IS, 900, 900 for twelve
months work for country mills. already
disposed of, and 100000 bu for seed mex
spring, which must come of the crop, there Ii
now disposed of for all practical purposes
148, 900. 900 bu on the basis of $4,000, OOO-bt
CROP There is yet to market net In Mime
apols and Duluth for their use 30,O0O,OO0 br
wheat. iucsud.rg tie old wheat that was car
RE over from the last crop. Last year Mime
apols ground 80, 600, Oro bU from the presen
tinue until August
prices and it becomes fair question as t,
whether there can be secured from the country
the full remaining supply OF wheat In farmers
hands at present prices, whether a suffc1en
number, will hold wheat to force the pric
higher. .. e. =,