The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-20
December Wheat Down Around
8114c, but Comes Back Up
Again to 821sc.
Country Elevator Stocks Said to
Be Very Heavy-Receipts
Here Moderate.
Local and Duluth Stocks Under a
Year Ago, Despite More
Received. =

MINNEAPOLIS Chamber Of Commerce, OCT. ~
An estimate Of northwest country elevator STOCKS
putting the total at 100000 compared WIN
5000 600 year ago, was a feature IN whea neat
TODAY Estimate is rather strong word 10 USE
in this connection. 1t is more properly guess.
Since the secretary's office ceased issuing
monthly reports Of country stocks, some un,e
ago. the figures have been passed over entiteS
as a market factor for no one was IN posltoh
accurately to determine them, and guesses are
not of much USE Chicago sent out W1da ssase
are SO,oOO 900 blu. This, tho 1t hau some et-
feet may as well be dismissed at once. 1t Is
wholly improbable. On the other hand, II the
Il, 900, 600 bu guess is intended to cover only
the regular line houses that formerly reported
and that held the 5000, 900 bu year ago, II Is
high. If it is intended to cover all country
stocks In the northwest, both line houses and
private houses 1t is low. Scarcely anyone
doubts that in all the elevators dotting d the
northwest there Is today anywhere from ls,ooo,-
900 to 10000, 600 Blu wheat quantity conslo
erabIy larger than last year. Long continued
fine weather after the harvest drew 1t on the
farms, and scarcity held 1t back. The ques-
ton has two sides to it: In the ordinary sense
1t Is bearish, as it shows more wheat ready 10
move In as soon are obta1nable. On the
other hand, much If not all Of It, has beer
sold against, hence the pressure OF that much
more Of the crop may be said to have been
already felt, which is not bearish consldera-
ton. As to stocks that are definitely known
about and are Of the greatest interest, those OF
MINNEAPOLIS and Duluth. the lineup Is rather
favorable to price maintenance than otherwlse
1t Is estimated that the increase here this week
will be 600, 900 bu and that Duluth will decrease
100, 900. Tomorrows statement may show some
variation. II, however, it comes out as estl.
mated there will be ANT 600 bu here compared
with 1852 900 year ago and e. 22sS, 600 In pu
kets Of e,762, 600 Blu against g. 1879 900 or 1,427
600 less, which, in view Of about A. 5Oo,oOO more
marketed to date. Is not very bearish.
The market made an early dip to size for De-
cenlber and s4Bc for May. Woodwork was
the leading trader, both ways. Van Dusen-
Harrington bought. In Chicago Wrenn was san al.
in Chicago The Minneapolis price was down
ground puts and on buying against them and the
Valentine buying, the market turned quickly
to see for December and S515c for May.
Minneapolis got only 4o7 cars compared with
COL and the other comparisons were 265 cars and
1914 in Dulth: 81 and 80 in Chicago, 4se and a.,
Louis and 900 and 100000 In Kansas City
W. II. Lake Of Chicago, now OF Lake, BroWr
& Co., Chicago Minneapolis, was on change. Mr.
Lake says he is a bull on wheat: 49,.
Baker. the Lake Crystal miller, says he IL
sold ahead on -four for three months, and thai
number Of other country millers are also vel
No. northern sold at 2A@2hc over De
cemher and No. at about December price. No
, brought 77@sOc and No. went FROM TIC t.
Nicollet of the Kansas City Star says Kan
sas total acreage of wheat is 5,5o0,0o0; Okla
homa. 1,5oo,o 900. OF this 100000 in Kansa
and 100000 in Oklahoma are in bad shape
with no rain for a month. Weather now clea
and COOL very little wheat up, and what is VI
/ Is drying badly.
Primary receipts were 1,ose,oOo bu agains
/ lose, 900. Clearances wheat and -four equa
/ $4,000 bu.
The Modern Miller says the drought condi
/ lions which have delayed winter wheat seeding
1 In some sections, particularly in the west an
southwest have been relieved by good genera
4 rains. The seeding of the full devote
\ to that grain should be completed before long
/ much larger acreage than was sown last ia
\ is assured. There has been partial resu1nl
D ton of farmers deliveries of both hard an
soft winter wheat. -