The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-09
Light Receipts Here and Only a
Moderate Decline in Liver
pool Prices.
Flour Business Dull and Ship
ments Very Light-Feed
Up Again.
Argentine Closely Watched and
All Reports Favorable
Up to Date. .-.s

Minneapolis Chamber Of Commerce., Dec. e.
With cables of less than was to be expected
in view of our decline of yesterday, and Liver
tpool closing only 1s@Ad lower, Wheat openeo
steady today and soon gained nttle IN Price.
IAN Antwerp cable reported that market 70 gtAc
higher, which taken to mean something
less favorable in Argentine, but another Ant
twerp cable made wheat unchanged, and olrect
Argentine advices were of favorable conoltlons
for the maturing crop. Argentine Is on the
/ threshold of her harvest, cutting being ALREADY
under way in the more advanced localities. IheIe
is an enormous crop, representing an expoItaoie
surplus probably the heaviest ever produced a
wet harvest could change all this. Inc Dulls
believe the best has been heard, and that later
Argentine advices will necessarily be less 1aTor-
4 able but the bears can 100 OOO,0OO TO lzo,-
900 900 bu in Argentine for European shipment,
sproyided only the weather holds good, and so
they are not alarmed over the worlds supply
situation. i. y., -
1 Locally the bullish feature was the posting OF
1902 cars received against GAG year ago. Inc
Monday comparison is likely to be equally Dui, pull,
E,ish, for it. is hardly probable the total VIII
measure up to the 1902 cars of last year: me
bearish local feature was the shipment OF only
% 93S barrels -four, the smallest daily move
l.ment for some time. The cash market was atso
weak, and while the options were higher, the
leash premiums lower. with 2A@27ac over
fDecember the basis for No. l northern. Eie
yator stocks gained SIT, 1872 Blu for the week,
making the total in store here 6s21,ee bu For
1 the one day since the report was mace up
+ there is q stand-of. Duluth got, 132 cars TO-DAY
against 100, Chicago q against 70, st. LOUIS
q as 600 bu compared with $4,000 and Kansas
i CITY "a. 600 bu against $4,000. Winnipeg re-
"A ceived 1875 compared with l4I.
SsBroomhall estimates that worlds shipments
ron Monday will run to -, 400. 600 bu, and that
there will be only moderate change IN Tue
quantity adoat. '~,''~t ~. e.. H..
The Commercial West says .The cash stu
alton in the northwest is much stronger than II
! is assumed to be by the trade at large ibis
IS because the outside knows comparatively little
of the real situation in Minneapolis. There Is
3 not enough wheat offered daily to supply the
Il mills. and high premiums bid. In face OF
fhe fact that Minneapolis and Duluth have re-
Il ceiyed Z 600 900 bu wheat than last year
from Aug. 1, Minneapolis stocks are over
5000 OGO BIZ less than year ago. Ihere Wah
100000 bu wheat delivered one day on Deem
her contract, all Of which went to the country
mills Of Minnesota. There are mills In North
are already buying daily supplies from elevator
companies 1t is assumed that 80 to 10 pei
cent Of wheat the st. Louis, Milwaukee ano
Omaha lines will be ground in mills on those
lines. A 500-barrel mill is just pelhe
completed at Fairfax, MINI.
'"There are some bearish factors to be Kept II
mind in the main foreign. The Russian sltua
ton Is not yet clear. With continuation o.
the heavy shipments from Russia for rev
| weeks there would be some handicap against full
bull operations. The Argentine situation Is no
clear either There are conflicting reports, bu
a good crop Of wheat-probably for export al
much as was exported last year. The posi-
bilty Of rains is perhaps the most serious
consideration connected with the Argentine
crop
Primary receipts were 65e,OOO blu agains
947 900 Clearances, 121 900 bu.
Broomhall cabled that wheat harvesting Il
the Argentine continues to make sat1sfactor
4 progress. Wheat in the later-sown districts l
doing we'll. Corn prospects are more favorable