The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-09-21
Light Receipts and an Excellent
Cash Demand Start 1t OFF
Higher Up.
English Reports State that the
Worst Famine Known Is
Facing Russia.
food Chance for Flour Trade
with Europe-News Of the
Session. ii

Minneapolis Chamber of Commerce. Sept. 21.-
.eceipts of only 2SS cars in Minneaohs agalns.
0S year ago put strength into Wheat IN az
departments even before the market had opened
The cash tables We're cleaned up Of the more
desirable lots in short order. Sales OF spot NO
northern were made at s5c. and sellers win
the lots that Of very choice quality We're
holding for s51ac The best feature was that
the improvement was general Even the smutty
stuff sold lie to &c higher compared with yes
terday, and durum wheat did not fail to benefit
bringing 1c better in some cases. The futures
frmed up promptly, and December sold to s2Sc.
May wheat going to S5&c. Buying by large
commission houses like Lewis, Watson, Whallon,
and scattered trading both ways by Piper,
Woodwork and others. was noted but there was
special Significance to this. Buying by the
Washburn-Crosby company. however, was watched
with interest, being generally taken to tndt-
e. -four sales for future shipments hedged
:.gainst by purchases Of wheat futures. Addi-
tional to the home strength Broomhall cabled
that an English paper had published story pre-
dieting the worst famine ever known for Rus
sia which frmed the Liverpool market.
Minneapolis stocks increased only 226,o0o bu
B9b cars wheat against 335. and at Chicago 81
received against 121, while Kansas
City got 122 900 bu against 1856 900 and st. Louis
$4,000 against 81, 900. Winnipeg got 201 cars,
Of which SO were No. 1 hard and ia No.
northern. OF today's Minneapolis receipts 4
cars were No. i hard. A No. northern, "a
No. 2, 81 No. 8. 40 No. 4. 40 rejected Is nc
grade, 4 No. winter and 80 No. 2 winter, "a
durum and q mixed wheat. 80
One bearish note came from abroad and ap.
peared in the form Of an Antwerp communication
In the cord-Herald It sees much wheat and
says offers from the Danube will be added tc
In the near future by shipments from Bulgaria
which country is now beginning to offer. Unde
the pressure Of such supplies It will not be
surprising If United States wheats are neglected
Germany during the next year will be unable t.
buy owing to the higher duty effective March 1
This will also shut out Argentine wheat from
Germany. The whole makes a bearish sum
mary and sees poor foreign outlook for Amer
lean wheat. It will be observed, however, tha
it fails to take the Russian failure into &C
count.
John Glass Of Scotland. who imports -four a
Glasgow, was the floor. He sees goot
prospect for American export business In flour
Broomhall sent the first figures seen Of tn,
new Argentine acreage. The total in wheat h
puts at 1882, 900 compared with IL,
ITO. COO last year and 10, 226, 900 two years ago
The Price Current says in Its weekly sum
mary that there has been betterment in the posi-
tion OF the corn crop, Notwithstanding som
drawbacks from rains. Any liability now of in
jury from hard frosts chiefly relates to dam
age Of quality of immature grain a high recor,
as. to quantity being assured. Considerable
wheat seeding is in progress, rains somewha
interfering.
Primary receipts were 1.1o4,ooo bu agains
1,153, 900. Clearances, 203 900 bu 80 -.
The Northwestern Miller says the weeks fou
output increased 1925 brls, and that an old
time -four business is being done.
Winnipeg wired report of good export de
mand for wheat this morning.
The weather map showed it generally clea
over the entire grain belt, with temperature
seasonable everywhere.
The forecast says: Illinois. Indiana Missouri
Kansas, Nebraska, Iowa. Minnesota, Wisconsin
Michigan. North and South Dakota fair tc
night and Friday. "s -, rs : :