The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-20
December Wheat Down Around
8114c, but Comes Back Up
Again to 821sc.
Country Elevator Stocks Said to
Be Very Heavy-Receipts
Here Moderate.
Local and Duluth Stocks Under a
Year Ago, Despite More
Received.

Minneapolis Chamber Of Commerce, Oct. 20
An estimate Of northwest country elevator stocks
putting the total at IA, 900, 900 compared with
s 900, 600 a year ago, was a feature in wheat
today. Estimate Is rather strong word to use
in this connection. 1t is more properly guess.
Since the secretarys office ceased issuing
monthly reports Of country stocks, some t1me
ago. the figures have been passed over entirely it9a
as q market factor. for one was IN position
accurately to determine them and guesses are
not Of much use. Chicago sent out wild state.
are 10000, 900 bu. This, tho it had some eff
feet may well be dismissed at once. IL Is
wholly improbable. On the other hand, II the
100000 bu guess is intended to cover only
the regular line houses that formerly reported
and that held the 100000 bu year ago, 1t is
high. If 1t is intended to cover all country
stocks In the northwest, both line houses ana
doubts that in all the elevators dotting the
northwest there Is today anywhere from $4,000,
600 to 2O,0oo,o0o blu wheat a quantity cons1d
erably larger than last year. Long continued
fine weather after the harvest drew 1t on the
FARMS and car scarcity held it back The ques-
ton has two sides to 1t: In the ordinary sense
it is bearish tt shows more wheat ready to
other hand, much, If not all Of it. has been
sold against, hence the pressure Of that much
Of the crop may be said to have been
already felt, which is not bearish considera-
ton As to stocks that are definitely known
about and Of the greatest interest those of
Minneapolis and Duluth. the lineup is rather
. favorable % price maintenance IMAM otnefWlse.
It Is estimated that the increase here this week
will be 600 900 bu and that Duluth will decrease
100, 900. Tomorrow's statement may show some
variation If, however, It oe comes out as est
with 4.652,00O year ago, and 5000 in Du
futh against 1851 900, total for the two mar
kets of 6,762, 600 Blu against 8, 1884, 900 ,427
900 less which, in view Of about A. 500 600 more
marketed to date, is not very bear1sh.
The market made an early dip to sly for BE
cember and s4Tc for May. Woodworth was
Too dinr rode hrfh an
Harrington bought. In Chicago Wrenn was al
early seller. At SEC Valentine bought freel,
in Chicago. The Minneapolis price was dow
ground puts and on buying against them and tn
to s2c for December and $3.50 for May.
Minneapolis got only 4o7 cars compared will
1914 in Dulth. 81 and so in Chicago, 1876 ant
$50 in Winnipeg, $4,000 bu and 10000 in st
Louis and $4,000 and 100000 in Kansas City
W. II. Lake of Chicago, now Of Lake. Brow
& Co., Chicago Minneapolis, was on 'change. Mr.
Lake says he is a bull wheat ,..
Baker, the Lake Crystal miller, says he i
gold ahead on flour for three months, and tina
a number Of other country niilers are also vel
sold ahead
No. northern sold at 2A@21ac over De
cemher and No. at about December price. No
7sc: Good demand ruled.
Nicollet Of the Kansas City Star says Kan
sas' total acreage Of wheat is $500, 900; Okla
homa. !, 800, 900. OF this 1000 900 in Kansa
and 100000 in Oklahoma in bad shape
with no rain for month. Weather now clea
and cool: very little wheat up, and what is u
Is drying badly.
Primary receipts were 1,Oso,Ooo bu agains
+ lose. 900. Clearances wheat and -four equa
127 900 blu.
The Modern Miller says the drought cond,
lions which have delayed winter wheat seedin
in some sections, particularly in the west an
southwest, have been relieved by good genera
rains. The seeding OF the full area devote
/ to that grain should be completed before long
much larger acreage than was sown last fa
4 is assured. There has been partial resu1nr
4 ton Of farmers deliveries Of both hard an
soft winter wheat.