The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-19
"A O4GN n GAS&a ~
Many Strong Things in Sight but
Too Much Heavy Selling
in Chicago.
Minneapolis Stocks Increasing
Only Moderately and Receipts
Running Light.
Dry Weather Gossip from the
Southwest-Gossip Of the
Grain Trade. /.

N,inreapolts Chamber of Commerce, Oct. 10
Free selling held down market naturally Duoy-
ant. and put wheat little lower .. 10 noon Sa3h
about 10000 bu. but locally there was no eSi-
dence Of concentrated selling, the wheat com
ing out in widely distributed small lots. Inc
weather is hot the best for the wheat move.
ment. bu. while this in ordinary years might
be the TO watch, the country houses are
now 50 .ed that weather conditions are
less III 1t than usual with reference to
receipts i>tr. and it is more matter OF car
supply. STILL with snow furries and colder
weather for tonight cooler for Friday ana
unset conditions likely. 1t may be that the
trade will begin to pay more attention TO the
map after bit. Six below zero was shown
around Harvard and upper North Dakota near
the Minnesota line had some low temperatures.
The southwestern crop bulletin. issued from
Wichita. Kan. makes the general outlook favor
able for the new winter wheat but hnds need
of rain over an important part OF the state.
Kalb. the other hand. had an Argentine
cable. minimizing the effect of the locusts re-
ported in that country in yesterdays ,advices,
and saving that to date no serious damage has
again light. only 452 cars against 500. and
local elevator stocks. althos showing a gain to
date of $4,000 BIZ. will not increase for the
week much last week. Or as much as
was expected earlier. Duluth got Psi,
against 237 and Chicago 50 comnared with IS.
while Kansas City received $4,000 bu against
600. st. Louis $1,000 against 81 900, and
Winnipeg 436 cars compared with 300.
Later heavy Chicago selling was by Bartlett,
but still nothing followed in the local pit. Chi
cago sent out good bearish messages
apparently working for setback in price. F.
P Frazier wired John Marfeld that In his opin-
ion little break in December was due, and
other messages of the tenor followed.
New York was able to report ten loads sold
for export. but 1t was macaroni wheat. 1t sold,
however at SOC. the highest price for macaroni
on the crop. and about 9hc I'D from prices CT
q few weeks ago.
Primary receipts were 100000 bu against
LOGO. 600. Clearances wheat and -four only
Ii. ON hn.
The southwest saws rain is needed to put the
newly seeded winter wheat into shape. A good
MANY Kansas and other stations sent reports of
Ness City Alicia. Filling. Little River, Albert.
Russell. Colby and PhiliDsbure We're some OF
the winter-wheat points noted on the dis
) matches. Hennessey. Lawton and Piedmont,
: Okla. and Houston. Texas. reDort rain needed
! Locally there demand for the cash wheat
: at IN @21ac over December for No. 1 northern
and about December price for No. 2. For No
2 the figures were 7Sc to soc and for No. TIC
1 to 7sc., No. / to arrive sold at PIC over and
No 2 about Ac under. Demand good.
The Price Current takes note OF dry weather
southwest and says huskings show dis
I appointment, but nothing yet to disturb 1ndica
lions of record crop. Deficient moisture II
J western sections somewhat curtailing wheat
} seeding and retarding termination, but the gen
j eral position encouraging.
The lighter local receipts of the past severa
: days have cut down the excess over yea
J ago in receipts and to date 25. 600, 900 bu il
; the round total against q, 900, 900. Even a
1 this. however, there has been 3,40O, 900 bu NOR
1 in and stocks ought to show a larger increas
than that made to date. Good -four bushes
{ accounts for the disappearance Of the wheat