The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-09-22
Good Cash Demand, Light Stocks
and Increasing Flour Ship
ments.
Armour Leading the Strength in
Chicago-That Market
Very Strong.
The Weather Very Favorable
for the Movement Of .
Wheat.

Minneapolis Chamber of Commerce, Sept. "a
Cash wheat more than held its own this morn
ing, allhc with is in there was nearly
twice much sale appeared yesterday.
No. sold we'll and sc was heard on some early
business. feature was the increase In offer
ings of wheat to arrive. Twice as much as
yesterday and more than on any day so far
this season for sale on that basis and the
nomina figures for No. to arrive We're &c and
2Ac over. The Chicago market was very strong,
Chicago May running to SIC and holding just
under that levef:~ Something was doing In Liver
pool September wheat, which came SID higher,
but some disappointment followed for those who
expected futures to show effect side.
Minneapolis December sold between S23sc and
S2Ac and May from S5asc to S59s @S5Ac. There
was every evidence of frmness ana every prom
Use of continued steadness, but when it
to bulling the wheat the market held back
little. An Antwerp house sent cablegram hint
Ing at exaggeraton in recent reports from Rus;
STA, and indeed it does little strange
that the European markets should have shown
SO little effect In view of the late stories of
impending famine worse than ever known. AS
for Liverpool, it is true that that market rarely
moves up until circumstances compel, and even
II the RUSSIAN reports are entirely true the
English buyers naturally not going to
prices up on themselves. There seems to be
good opinion, however, that eXaggeration has
crept into the reports, and that Russia, while
In bad enough way, has not suffered to the
great extent indicated. More should be known
mind in Liverpool is reflected by Ross T.
Slnythe, who cabled that, it Is seen there, it
is all guesSwork as to Russia, and it is eX-
pected that her big shipments will continue.
Minneapolis stocks should show only about
Z25.00O bu increase in tomorrows weekly state
lnent Much wheat has moved in, but the mills
nave taken and consumed the bulk of it. Flour
shipments of S3,O11 barrels. the heaviest day for
very long time, show this. Shipments have
been holding up right along for several weeks,
and for the present likely to Increase rather
than decrease The 56S in today, compared
favorably with 525 year ago, and in Duluth
the 39S ran little over the last years 1856,
while Chicago got 90 against SO. st. Louis re-
celVed $4,000 bu against 100000 and Kansas
City 1874 600 against 222, 900. Winnipeg had 279
cars compared with 81.
Argentine shipments for the week, $4,000 bu
compared with 1882, 90 DIN the previous week
and sd, 900 year ago.
Primary receipts were 1850 900 bu against
1,244 900. Clearances, 90, 900 bu.
The Modern Miller says the release of food
pound freight may cause a temporary increase
In the receipts of grain at the winter wheat
markets; tho there Is no evidence that farmers
or the wheat now moving is hard winter from
elevator stocks. Recent heavy rains damaged
winter wheat where 1t was badly stacked, and
1nterfered with fall farm work. Seeding OF
new winter wheat has advanced as far north
as Michigan Early-sown wheat is up and looks
well, as conditions have been favorable for its
growth Farmers in Texas are delayed in their
seeding owing to drought conditions.
The market became more active after noon.
Lewis and Watson were good buyers with
Woodwork, Corse and Whallon selling also
, some little selling against calls but the offer
1ngs were readily taken. ScaIping shorts were
covering. with some buying by sellers of calls
TO protect themselves. The market was very
e. strong with indication of a reaction
Portland, Ore, wired that according to the
sS6 aae Review the Gro? of 1905 is 3d.
2oo.ooO bu against 80, 166 stryear.
chicago. A. Rankin says in time everybody
Will lind out that conditions on the other side
warrant very much higher prices efor all grains
Inc weather map again was perfect. Clea-
In all directions. with Temperatures ove- tho
entire country seasonable
The forecast says: Illinois. Indiana Missouri.
michigan, Wisconsin. Minnesota Iowa, Nebras-
ka Kansas and the Dakotas, fair cooler with
possible light frosts in Minnesota, Wisconsin and
upper Michigan. NA0