The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-04
Despite Lower Canadian Wheat,
Tariff Differences Made the
Deal Go Thru.
Marcy, the Armour Cash Grain
Man Here, Is a Long
Time Bull.
The Market Fluctuates Over a
One Cent Range-News Of
81 the Day.

Minneapolis Chamber Of Commerce, Oct. A.
"A million bushels long wheat came on the mar
ket in Chicago shortly after the opening tnis
morning. Prices broke under it, and Minneapolis
followed, December going from 81 sc to So1sc.
The selling was at first thought to have come
from Armour. Later 1t was SO traced PACK
of the Armour Lichtstern-Rank group or pro-
.nounced bulls. George Marcy Of the Armour
company was change. which suggested pos
sible Chicago purchases Of cash wheat here ana
made local buyers less inclined to hold off and
haggle over the price. The market turned pc
fore long and was strong and stubborn; Inc
proposition that Armour Is out for a bull cam
paign meets with little favor now. Whatever
his ultimate plans may be, his present-aay
operations would appear to represent nothing
more than skillful maneuvering to get a long
hedged in May, and draw the stuff to Chicago
to fill the elevators More complaint was heard
Of the car shortage. Todays Minneapolis re-
ceipts were 6s1 cars against TIA, but the num-
Der would have been much larger had the rail
roads been able to furnish cars to country ship
pers. Elevators the Northern Pacific, Great
Northern and 500 line are blocked at many sta,
tons, and take in more grain neither
can they get to load any out. Duluth got
21S against 293, and here again the decrease
was due to scarcity Of cars. Chicago had ~
bu against $4,000. and Kansas City 100000
81. -''0'0 'DN'pes s0' +' GUS AS"'''''
/. Sellers who were willing to take the market
plain Of in the cash demand. No. northern
was taken by millers at 1@c over December,
and No. northern at 1@1 Ac Under. No. was
salable from 75c to TIC, and No. from T0c
to 75c. Quotations to arrive were 1c over for
No. northern and &c under for No. 2. Ter
mtnal elevator buyers were in the market as
well as millers.
Minneapolis elevator stocks have increased
/ about 475,oOo blu for four days.
. Liverpool easy, Broomhall attributing II
to the big Winnipeg receipts yesterday.
Duluth was reported to have sold $50, 900 br
Z wheat to Germany. Nothing came to indicate
. whether 1t duru1n wheat.
Marcy says the situation In wheat is bu1list
for the long look ahead. He Is believer II
wheat values around present levels, and say.
the big depressing thing at present is the Cana
dian crop. Canada, he says, probably has al
the wheat she claims, and will export It. New
ertheless the wheat price Is a worldwide propo
s1t1on, and many are overestimating the impor
. lance of Canada relative to the whole.
Ames-Brooks wired from Duluth to Georg,
Daggett confirming the sale to Germany, sayin,
. they had made the trade, and the marke
strengthened at once. Love wired Stephens tina
. TIL, 900 bu, and that apparently some of tn,
eastern cargoes have started. The Chicago car
goes Will not begin coming before the latte
part OF this week at the earliest.
: Ohio and Missouri will each issue crop re
ports tomorrow, both giving total wheat crol
and condition of
Still later Duluth report made the sale t
Germany 100000 bu No. / northern It doe
not seem possible to export American whea
AGAINST AGAINST the cheaper Manitoba wheat. but in thi
instance there are some things in the 1mpor
! duties IN our favor that made it TO-
Urinary receipts were Last 900 bu agains
1872 600 bu "eA
1.-The Ihe Kansas state crop bulletin. just out says
tain Is needed in many counties for the fall
2 SOWn wheat; none in three aks