The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-13
| Opening Stronger, the Market
Turns Weak Near the End
: of the Session.
Argentine Weather Again Unset
tied and Liverpool Firmer
in Consequence.
Receipts Expected to Increase
News and Gossip of the
Day.

Minneapolis Chamber Of Commerce, Dec. Ia
With iirmer cables and lew reports OF un1aVot-
able weather in Argentine, wheat hrmeo up
triie today but did not work out OF the tut;
1be province of Santa Fe in Argentine had
rain this being reported by BroomhaL anu con
drmed by other cables more direct. NO QUO
ventures an opinion as to damage u naS vas
be that there has been no damage or importance
The fact however, that the Argentine crop IL
coming on SO well and promising so heaVy
yield, and that now, with the pest anout ene
crop probably heard there is the posslohlty OF
wet harvest makes the price SITUATION very
uncertain. In our own northwest 1t Is reasonable
expectation that from now on receipts VIII e. run
heavier and with the mills grinding less than
of recent record little pressure on the
: price might be looked for. No one would expect
that just because wheat that exists anyway
should move into market and show up In stocks,
prices would necessarily break, but, with a
dull period likely over the holidays, some wear
ing-awny of prices would probably follow AL
this would not last moment In the race OF
any adverse news from Argentine. Continued
rain in that country would stir Liverpool. Today
that market closed " @ Esd higher on the ram.
Authentic damage reports wouio seno IL up
quickly. o oooo,
Minneapolis elevator stocks increased zoe, OOo
bu for four days. Receipts here We're o65 cars
against 55s, at Duluth 124 against 20 ana a.
against 95, st. Louis received $4,000 bu against
3S, 900 and Kansas City "a, 900 against 1e7, 900
Cash demand satisfactory at &c under
May for No. / northern and 4c under for No.
The same discounts ruled for wheat to arrive
Primary receipts, $4,000 bu against $4,000
Clearances wheat and -four, $4,000 bu
Considerable interest attaches to the Paciht
coast supply situation as popular opinion is thai
there is some 25,O00,O00 bu for export there
Bulletins covering the stua ton, present or pros
pective, are followed more closely than ord1nar
lily. The last weekly California bulletin says
'.Clear and cool weather prevailed nearly al
week in the central and northern sections ant
frosts were Of frequent occurrence. In the cen
trail and northern sections the rains Of tn
preceding week was less beneficial than ant1ci
pated. owing to continued cool weather ant
drying winds but in districts the precipi
tation was ample for present needs and enabled
farmers to resume blowing and seeding. AS
rule the rainfall not sufficient, and gras
and feed is very scarce. The soil In the Sa
Joaquin and Sacramento valley is very dry, an
farm work is practically at a standstill bu
conditions somewhat more favorable in tn
coast districts. In southern California the sea
son has been unusually good until near the clos
of the past week, and early-sown grain AM
pasturage were in excellent condition, but 1t =
probable that the drying winds and sandstone
have had injurious effect on all crops
The market had a little setback near tn
close and May went to $3.50 and closing weak