The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-09-26
An Outward Movement Of 101, 1857
Barrels Makes the Wheat
Tone Firm.
Altho Duluth and Winnipeg Get
Big Receipts and Are
Selling Little.
Stocks in Minneapolis Are Not
Accommodating at a Very
Fast Rate.

Minneap Chamber of Commerce. Sept 26.-
Big receipts in the north was the uepressihs
thing in wheat this morning, but, If the bears
hoped for smash they were DISAPPOINTED loi
the market declined only moderately: 20 less
than $50 cars of wheat turned up IN Duiue ea |
This was an increase of 250 cars over u yeai
ago when the total 900. Winnipeg nad
far greater gain, for not only was the 100 cars
received bigger total than expected anu
heavy showing for Winnipeg, but the comparison
was against 377 year ago, gam OF ooa oa,s'
or over 100 per cent With moderate export IN
curry at Canadian centers and no rush OF Iof-
e1gn buying at Duluth this was bearish. Inc
impression expists, however, that the export sit
uation is really little better than generailv
reported The story of the taking OF million
at Duluth, when traced down. becomes maca-
Jroni proposition. 1t is said thta close to that
quantity has been sold there to go out. ms
has not the import that would attach TO II IL
1t were spring wheat, yet 1t Is a Strengthening
influence for the durum wheat has got, to be
disposed Of. What the trade would like 10 see
is heavier demand for the Canadian wheat,
since it has got to go abroad sometime. me
quality is certainly high enough to make 1t sal
able for In today's total at Winnipeg there We're
50 cars No. hard, 500 No. / northern and u
No 2 northern Minneapolis got 46l cars. CONF
pared with 34S, Chicago 90 against 1874, Kansas
City $4,000 blu against 121 900 and st. Louis
1O5 900 blu compared with 120, 900. In short,
summary of things on the outside made pear
fish whole, and Bradstreet's, coming along WIN i
an increase Of 4,913, 900 bu in the worlds visl-
BILE supply, did not help the bulls any On the
other hand look around close at home could
show nothing working for depression, for there
was still good cash demand, with prices firm
relative to the option; the elevator stocks. de-
spite the larger receipts for some time and
the 81 cars of yesterday, can show an increase
of only 1855, 900 bu for three days, and the posted
-four shipments this morning wer the heaviest
in many a day. 91.759 brls. So long as
there exists in Minneapolis the strong CONNER
cial demand for the wheat that has ruled Tor
some time past, the bears will find it hard to
do mnuhc. Should the Minneapolis mills With
matter, but apparently the mills are selling flour
draw from the cash market 1t would be another
right along and have got to have the wheat
Another Russian report was cabled across.
This is said to emanate from the statistical
committee of the minister Of finance. 1t Is con-
frmatory of former reports, altho the ngures
differ somewhat. Wheat isestimated to yield
472, 800, 900, which put against 664 $50 600 last
year would make the shortage 19l, S69 oOo bu.
Rye Is 637 OH 900 bu compared with 93S 6oOoo,
loss Of 3O1, OOO, 000 and oats line up with $780,
625, 900 against Oil 0O0 loss of Its 600,
total shortage of 669,144,0 900 bu. Whether
later modification will be made the fact remains I'm,
that Russia has been hit hard. This cannot faal
to be influence one day.
. Later In the session it was found that instead
of o. 757 brls -four the shipments were lOl, 1871. .
This represents close to 100000 bu wheat, ana
it gave traders who had been watching the
large wheat movement only another view OF the
situation. -. -.
Broomhall cabled that the official estimate OF
the French crop this year Is placed as follows,
with comparisons of previous yea years; wo,a,+
year- Bushels. Pounds:
1905 observation-disclosures. SO. 'e e0o 00o 60
q 1903 .................. 1863, 200, coo 81 3
1909 ,............ 1927, 929.O00 Ole
The weather bureau weekly summar! says
threshing of spring wheat in Dakotas and Min
nesota was interrupted by rains during tne
first half of the week, but shook threshing ana
stacking are nearly finished in the Dakotas.
Tho Weld and quality are variable and general.
" disappointing except in limited portions OF
tbe Missouri valley. Corn has experienced
week on conditions highly favorable for matur
ing the crop, from IS to 80 per cent OF WHICH
is now safe from frost.
p Rradstreet's wheat stocks east OF the ROCKIES
Increased $4,000 bu; European stocks Increased
900 900 blu; worlds stocks Increased 4,9lo'oo.
@bu 49,. -
Broomhall's report Of the condition OF foreign
crops reads as follows: United Kingdom q gooc
start has been made with blowing; France, nnel
weather is needed here. good wheat Is spar1ngS
offered; Austria and Hungary, some more ran
is wanted here; Russia, beneficial rains IN soutl
are confirmed; India natives are now hoidlns
wheat firmly; Rumania drought still continues
Primary receipts, 1,498,0oo bu against ,254,
900: clearances, wheat and flour, only il, 600 bu
The weather map shows light rain at MOOR
head and In Canadian northwest, but general!
clear in northwest at am. Raining at S1ou'
City: generally clear elsewhere with =tempera
lures seasonable.
The forecast says: Illinois, Indiana. Dakotas
Nebraska, Kansas, Missouri fair; Wisconsin
partly cloudy, probable showers north and west
Michigan, showers tonight Minnesota, partl!
cloudy, showers east; Iowa, fair except prob
able showers northeast, warmer.