The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-27
Russian News Becomes Alarming
and the European Markets
Jump Up.
Minneapolis December Wheat
Goes to $3.50 and May
Sells to 902sc.
Minneapolis Duluth Stocks Are
100000 Bushels Less Than
Year Ago Today.

Minneapolis Chamber Of Commerce. Oct 81
Wheat made a quick advance today at the open
ing, and December sold to STAG, May going
to 9o7sc. The market then broke FOR over
cent, December selling to S63sc. Recovering
quickly, it went back up to S7asc. 1t was d
wide market, with great strength underiylns
the changes. Selling out for profit broke II at
times but it would not stay down. The Liver
pool cables showed that market Us @lfsd hlgher'
which, in view of the big advance there yester-
day, was remarkable. The foreign advices were
seriousness Of the situation i'll Russia. Beflnl.
very strong and indicated beyond doubt the
for time strong and advancing, was up
another 2&c today. Kalb wired that the state
of affairs In Russia amounts to revolution, anu
Wriner Of Antwerp cabled that 1t looks ike
continued strength In wheat until March, as the
Russian shipments are decreasing and the pontl-
cal outlook Is very grave. KaIb also stated that
Russian shipments will probably cease Oct. 30
Other cables confirmed the former news about
the strike and carried no 1nt1mat1on OF any
change for the better Millers, both in Mime
apolis and in the country, reported acceptances
of -four at higher prices from European buyers
and the Pacific coast wired that charters had
been made for round million wheat to go to the
United Kingdom. No less than 2, 900, 600 blu OF
coarse grains were sold for export at the sea-
board today, which was great influence for
general strength.
not heavy, and Minneapolis again fell under a
year ago with 455 cars against $40. At other
markets the comparisons were 269 cars and -
at Duluth, 122 and AZ at Chicago, 1872 and 80
at Winnipeg, 600 bu and 2O5, 900 at Kansas
City and 81 900 and $1,000 at Duluth. Minneap-
oils elevator stocks will increase only about
225 900 bu for the week. 49, .f
Duluth No / northern wheat, i Hamburg,
was quoted Mt $1.04 today, the highest so far
this .'-+ -....s
If the stocks come out tomorrow as estimate
Minneapolis increasing 225, 900 bu for the week
and Duluth $50, 900, there will be total in both
markets Of 7,70O,00o, or 2, zoe, 600 bu less than
at this time year ago, when there was total
Of 100000 bu AS receipts at both markets
have been about 600 900 bu more since Aug. l
than in the corresponding time year ago, this
is significant of the increased demand that has
been and Is still ruling.
Frank O. Fowler Of the Northwestern Grain
Dealers association estimates the Canadian
northwest crop at S6S10 400 bu, on the basis OF
A,019, 900 acres, and yield Of 21.6 bu per acre
So far he says, 1875, 900 bu has turned up at
Winnipeg, country stocks are 10,719,OOO. anc
there is 1000 900 bu in transit making II 254
600 blu that has come into view so far
At pm. Verhoeff received cable from Lon
don thru Milmine saying that revolution Is II
progress in Russia and business is generally sus
pended r.,
! The Modern Miller's crop report says: Over
considerable area Of the hard winter wheat ter
fall has been insufficient and is entirely lacking
In some localities. A full acreage was SEEDED
but the growth Of the plant Is retarded ant
some evidence of deficient termination Is re
ported. Texas farmers have used their owl
wheat for seed and this grain is so infsrio
in quality that poor results are feared
Bradstreet's exports for week, flour included
4 .2e7, 100 Blu; corn, 7Os,13s; from July l, whea
II 26,972, 1872; corn 1877, 464.
Portland and Tacoma advices says the Sa
Francisco messages reporting large grain char
tiers referred to loadings at Portland and Ia
! coma the charters being made with privileg
I Of naming either port. The total was 100000
! bu to lead in ten boats -
Primary receipts 1;l97,ooo bu against 1oSo'
! o0o.1 ~ ~
| Clearances fer the day were heavy, sol 900 b
| wheat ard -four