The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-24
Also 1877 Cars Wheat Shipped Out
Of Minneapolis to Eastern
Buyers. Il
Receipts Here Moderate and IN
likely to Run to EARLY Elk
pectations.
A Strong Market, but a Lack Of
Speculation and Light
Trade.

Minneapolis Chamber of Commerce, Oct. "a
Bull news came in fast today and put strength
into wheat all around. In the local cash market
some early sellers got use over. December LOT
No northern, better premium than yesterday.
Demand for wheat to go outside was illustrated
by the shipment out OF 1871 cars. Ihe local
stocks had increased 100000 blu to yesterday,
and might have been expected to line up for
another gain of at least 100000 today, but on
the contrary. they fell back and the increase up
to today is only 100000 bu. With this the
ver-Sunday grinding of the mills found ex-
preston in the largest -four tonnage ever loaded
out Of Minneapolis in day, 1O6,S41 brls. Wheat
receipts here were only 356 cars, compared with
AGO. and taken all around the local summary was
about as strengthening could have been de-
sired by the most optimistic BULL From the
outside came strong reports as well. The north
western situation is not improved In any
important degree and many elevator men have
settled down to the belief that despite the big
country elevator stocks and the quantity OF
stuff waiting to come forward, not much more
than 500 day the average need be -ex-
pected here, for the next forty days or so. Not
only is Duluth a competitor for wheat bur
that market is likely to continue drawing freely
from the country until navigation closes. Mean
while there is the big fax crop to move, and
the unusually good oats demand with improve
ment In the barley market also, Is drawing in
these coarse grains. All this operates against
any overwhelming rush of wheat such as has
been feared, for the present at least. The one
big thing the bears have to look forward to Is
probably later falling off in -four demand, but
every day seems to set this farther ahead for
report today had 1t that northwestern country
millers made good sales yesterday and today for
export and while the big local mills say that
they are unable to do export business to amount
to anything, they selling much flour to do
nestle buyers.
Duluth got an excess today, or 675 cars
. against 40S year ago, and Chicago ran over
with 145 against 80. st. Louis received 81, 900
bu against Il 900 and Kansas City 81, 900 against
81 900.
Canadian lake port stocks do not accumulate
much in view Of the big movement. Winnipeg
got 743 today. compared with $40. Port
Arthur and Fort William stocks increased only
65707 bu for the week, the present total stand
ing at 2,486,27S bu against 2,45s,17S year ago.
Lake. Brown & Co. were among the best sell
ers this morning, selling about 25o,OOO bu of
wheat Tracy took 100000 and the rest went
to Woodwork.
Primary receipts 1859, 900 bu against Lib
600.
An increase in the visible supply of s,575, 900
bu took the edge off the market about noon and
prices fell back q little. The visible Is now
27,1s9,Ooo bu compared with "a, 600 year
ago. =,
Seventy-fve loads of wheat were reported
taken for export at Boston. It assumed to
be Manitoba wheat.