The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-01
Only $40, 900 Blu. Wheat Turned
Over ON December Sales in
Minneapolis.
liverpool Firm and Berlin
Stronger Argentine News
of Bearish Tenor.
Local Stocks Promise $4,000 Blu.
Increase-Flour Trade
Quiet.

I Minneanolis chamber of Commerce, Dec L.,
TRADERS in wheat were anxious TO-DAY 70 huoT s
about deliveries, but. up to the opening anu
for SOME little time thereafter, the situation
WAS as indefinite as lit at the close on
"Wednesday. Any elevator man having "hea.
sold for December delivery may turn II over "
the BUYERS at any time from now on Inc ete-f
Ayators appeared In no hurry TO avail themselves
lof this right, and early indications were that
mot very much would be delivered. one ele-
Syntor man said his firm would go slow ana
await the changes for the better likely to
kcome in the form Of an Increased movement OIL
wheat Into, Minneapolis This would mean
more liberal supply OF wheat ana more ~
keral supply Of cars to switch it around. At
apresent it is difficult to procure cars TO loao
from elevators to mills. December wheat was
sstrong III view Of this promise OF llght ueus-
series and May strong in line with II.
sDecember sold early at SIC and May at s6ssc.
European adylces were favorable to the price,
sd.iverpool coming SD higher buying of De-
3cember wheat there, and Berlin cables reporting
that market equal to about 1 7sc higher ny ~
Two bearish items appeared-the Argentine
summary and the weekly report of the Pr1ce
Current. The weather In Argentina IS favorable rap,
and the crops are said to be promising well.
. Shipments from Argentina for the past week
were surprisingly large at 2,S2s,ooo bu. This
was full million bushels more than generaily
shipped 1,439,00 blu, and year ago only
100000. Since Jan. 1 this year Argentina ship
i1ents have totaled los ass 600 bu compared with
so, 500 600 to corresponding date In 1904. OF
our own crop outlook the Price Current says:
2s.Cold weather is regarded as favorable for max
ing the corn merchantable where it has been
i delayed by moisture Farmers are disposed to
offer less freely at the reduced prices. The
II growing winter wheat crop is In emlnently sat
III isfactory condition"
II AS closely as it be estimated the report
Il tomorrow will show increase of $4,000 bu
III tn local elevator stocks. Receipts here today
\ were 572 cars against 632, at Duluth 14s COM
H pared with SS and in Chicago so against Is. The
Il close of navigation will throw the big end of
/ the movement into Minneapolis again, and there
/ are already some Indications of this. Winnipeg
Il fell under today, getting only 1T cars against
DOB. The southwest showed up SO, 900 bu against
Il $4,000 at ST. Louis and $4,000 against 1900
Il at Kansas City.
Il BY noon the deliveries, reported earlier at
Il $4,000 bu. found to 1900 bu
II This eased the market fractionally.
II Primary receipts were 1,02S, 900 bu against
Il 1,I0,0O0. Clearances wheat and -four, 245, 600
II bushels.
II Three cents over December for No. / north
i ern was the trading basis for much of the cas-;
II wheat Another Russian estimate came along
i 1T was much less bullish than former estimates
Ii are the figures:
4 Spring wheat ..t..... A. 600 $4,000 00t
4 Winter wheat t...... 219,0oo,Qo0 100000, Oot
4 633, 100000 663, O0o, 900
/ ye................ 6s5,ooo,oOo $4,000, ool
\ Oats ..,......... 9S7 600, 900 1855, OOO OO(
Corn 1. 3l.1OO, 900 "a, 400, OOt
Modern Miller summary says absence Of Hes
sian fly in the winter-wheat crop seeded this
fail has been commented upon from time tt
II time. Recently, however, a statement that eggs
/ of this insect have been found in the winter
i wheat of Tennessee led to an investigation. Re
Il turns show that Hessian fly eggs are prevalen
K IN The wheat crop in the western half of Ten
nessee. the remainder of the state being immune
Il Crop in general said to be doing we'll