The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-29
Liverpool Comes in a Little
Higher and the Bulls Again
Take Courage.
Minneapolis May Rises to $500,
and Chicago May Also Closes
Up Very Strong.
Good Weekly Export Business in
Wheat-News and Gossip
Of the Day.

Minneapolis Chamber Of Commerce, Dec. 20.
Wheat showed much better tone today IN
the early part Of the session. for the Liverpool
cables were frmer and prices up ssd. Many
other things were bearish. but the market had
become more used to them and the bears
could not use them 80 effectively. The in
crease in Minneapolis stocks will be heavy.
The estimate Is for a gain OF 1850, 600 bushels
in tomorrow's report. This will be the biggest
gain shown for a long time. So long as wheat
continues coming In ut the present rate-oOS
cars today, against 159--and the -four mills
remain closed in greater part, this &C
emulation will go on. The bulls believe that
after the turn Of the year the mills will grind
heavier and more wheat be consumed. Inc
millers themselves do not look for fuA recoV-
cry in -four demand until midi January. Until
it comes there will be much pressure On fu-
lures thru the cash wheat market. Today No.
i northern sold at 2A@23ao under, and de-
mand was poor. 1t was not easy to get top
prices. except for very choice stuff.
Duluth ran over with 100 cars against 81,
and Chicago got 10 against IT. The Winnipeg
comparison was 1873 and 70. Kansas city re- re
ceiyed 10000 bushels against $4,000, ana 81.
Louis 81 ,OG0 against $4,000.
Clearances, 1857 10000 bushels.
The shorts covered little wheat early put
ting Nay above Soc here. Chicago was more
west Of q less favorable condition IN winter
wheat but the trade was inclined to doubt
whether there has been any material change
for the worse. The market felt 1t however
and was 0Emer on IL. .
The Modern Miller says Of the crop outlook
that, excepting scattered reports of freezing and
thawing weather in the northern section OF the
wnter-wheat belt and OF rank growth IN me
southern territory, and fears Of unfavorable con-
SEQUENCES, the reports In general on the crop
indicate that the condition Is good for the sea-
son of the year. .
BroomhalTs weekly Argentine cable says the
wheat market is quiet, with small demand
Adyices from the interior state that wheat har'
yesting is making satisfactory progress In Santa
Fe, and the quality is superior to that OF last
year. The Argentine corn market is dull, witt
small demand. Arrivals from the interior small
GAlality satisfactory. Refreshing rains nave 1al
len which have been beneficial to corn.
Broomhau also cabled that, according to
cable from Kurraches, India, crop prospects are
good. The Spanish wheat crop is officially es
timated this year at 81 ,6GOO00 bu. A year age
the crop was 96,O0OO00 bu.
Primary receipts 925, 900 bu against 377,OOt
q year ago.
A Chicago house wired that Topeka, Kan, say
winter wheat condition will not be over To PEI
cent and reports critical condition in counties
showing heavy yield last year. Kansas Cit
says men have talked with the owner of the lin
houses thru Kansas, Oklahoma and reports ar
of an excellent condition thruout Kansas ant
Oklahoma except that few counties In tn
north, where they had exceptional crops las
year, are in need Of snow for the late-soWl
wheat.
Town, miller from Anthony, Kan, with
big line Of stations, reports that prospects ar
for bigger crop than ever.
Exports for the week, as given by Bradstreet's
were 344S, 900 bu wheat.