The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-26
Liverpool Leads of, 81 the Rail
road Trouble in Russia,
Closing I'D Up.
Cash Wheat Then Sells Here at
8714c and December
Goes to 85zsc.
The Bulls Get Firmer Grip ca
the Market, and Shorts st
Cover.

Minneapolis Chamber of Commerce, Oct. &C.
Liverpool cables came Is gid higher on wheat
today and closed Id up Indicating mat .ne raai
road strike situation in Russia is not improving
and that Liverpool has began to fear the cutting
down OF Russian shipments very soon. 1h1s Was
the big news the bull side, but there were
other strong things Immediately following. NO.
northern in the local cash market, SOLD up 20
SIC, which was csc over December ut time or
sale, and both nrilfers and shippers We're IN the
market. New York wired that there was repe-
tfttpn of the keen demand for coarse grains,
and an especially big corn and barley demand:
Hamburg sent a cable stating that the German
government report makes the new crop conai-
lions unfavorable and the plant backward. This
probably is explanation of the recent sue
cessre advances in Berlin. This morning that
market was off Ac after going up about 2Ae
all told Antwerp was up today 9sWMc ana
taken all around the European situation was
very strong That the grain Ia moving east as
fast as nossihie was shown by charters atrSaiii-
warkee for 100000 blu wheat by lake to BuTalo
Montreal had good export business IN Mani
teba wheat and reported increasing inquiry also
for Ontario winter wheat the whole ut prices
about &c ur from recent quotations Thla
again Is Canadian wheat, and as 1t Is selling
and American wheat Is not 1t Is no narf1cuar
argument for Immediate strength. vet IN the
long ralcula tiOn This is FOOD thing. Tor the
edge has got r. coma off the Nn"ttoha "xrcrt
surplus some time, and every lot that goes out
will ease it M bit and lessen the pressure for
lower prices. Meanwhile 1t is well to note that
gulf ports figured to some extent. and this GER
tafnly was not Canadian wheat. and something
over 100, ono barrels Of -four also appeared. so
that 1t can readily be seen that we are
shipDing out enough stuff in form another
to- absorb our exportable wheat If the movement
continues at this rate. even tho We do not hear
Of any American wheat cargoas taken. Indeed.
IN the light of what is best for all Il ts rnr'h
more favorable to find the American -four going
out steadily even in moderate Quantity. than
TO find the wheat selling abroad direct. for
milling demands for wheat Ia prime consid
Grafton always, and Is especially important just
now.
MInnenno1is again foil of. getting only 3sf
cars agntnst 4es Duluth received 225 ngainsi
100 and Chicago 80 compared with a.. 81
rnris rcrcints were on.0Oo br. comnared witt
Al Onn while Kansas (itv got 1G2 ono bu. against
1877 600. md at winnires fhere were RIA cars
comnnred with 3a7. Minnenno1is stocks In
creased only 25o. ON0 hi for FIVE days. .s
Tho market turned very strong after noon
and SIC was reached for December wheat. Chi
cago led the advance, going up steadily Som
wild bull reports began to come out one o
which was the sale Of 200. 900 barrels of faou
today by Minneapolis mills. This came fro',
Chicago. 1t could not be confirmed here. Their
is IA good -four business. but no such trade. mill
ers say. us This report would make 1t. TIL
market affected, however. and turned YER
strong the report. ...
Clearances for the day in wheat and fou
eaua1ed 2n2. COO bu.* In which % 900 barrels o
-four figured. -. ..-7