The Minneapolis journal., 1905-11-16
Dizziness and Light Trade in All
the Pits Cash Demand
Good.
Primary Receipts Again in Excess
Of Last Year-Cables
Indifferent. =
Fear of Squeeze in Chicago Dis
PEELED by the Heavier -.
Movement. s

Minneapolis Chamber of Commerce. Nov. 16-
Wheat was very dull thru the early part OF
the session. Scarcely move was made ~
either option. December: selling off fracticnaily
while May held firm. the difference widening
by about &c. Evidently some more holders OF
December going over into May. thlcaSo
has taken il about million mere Wheht
than shipped out in the last fortnight ana
many are inclined to think there Will be II"
squeeze in Chicago December desnite all FOR
talk to that effect, as there is too mnch
Of the stuff going In these. Locally the feat,lf"
was the cash demand which showed as high
as 4c December for No. l northern. IN;
was top and did not represent the general
average. The mills took the good wheat. and.
as was foreshadowed yesterday. the, better
milling demand held the increase stationary,
the elevators showing gain so lar in the
week of 325, 900 bu, or exactly the figures or
yesterday. The movement to market showed
the relative differences yesterday.
good increases at Chicago and Duluth and less
in Minneapolis. Only 4IG cars were in her"
compared with 5s3. while Duluth got 3o1
against 500 and Chicago ls9 against at: Win, Nh
nipeg received 3J7 cars compared with 3I4. lie
southwest showed up I4,OO0 bu and 63.O'D for
the st. Louis comparison. and $1,000 a"I
163.ooo fer Kansas City. The latter market
: shows loss of 96,00o bu in stocks since Nom
day. -
The Northwestern Miller says: 1.-THE slump
In wheat prices has enabled the mers to- re-
enter the foreign market During the last week
some satisfactory business has been done in
patents to both Great Britain and the CONT
pcnt London is understood to have taken some
round lets of this grade. we'll as of first
and second clear. If wheat values Will only
remain steady. some good business may vet
be done there. altho inquiries have fallen of
the last day or two
The Price Current little new develop
B mont in crop information The wheat crop con-
tinues in excellent position. but there are dis
appointments in Yields There is con.
tlnued disposition to sell corn freely.
Chicago says France bidder for round
lots of mixed cats at the seaboard yesterday
and there were other bids from continental
ports there but limits &c out of line.
New York reports sales of American wheat to
points not hitherto heard Of as buyers. Oran,
Algeria. bought 162. 900 bu. Tunis 10000 bu
and Malta $4,000. Presumably this is largely
macaroni, altho the kind is not stated in the
report.
Primary receipts were $50. 900 bu tagainst
936. .O09. Ciearances. wheat and flour, $4,000
bu. in which 1000 brls -four figured.
After the hour the market suddenly
turned strong and advanced 1sc in short order.
Woodwork and Watson were the best buyers
with Van Dusen the best seller. Scalping shorts
covered "a little There was also buying to
protect calls ,sold.s Later the market fell back
again. r.. y Il. - &E.-
BroomhaH cabled: Wheat steady at opening
with values unchanged to &c higher. Support
terday, the grave situation reported in Rus
sia and cable from Odessa which reported
that Il, grain. warehouse had been burned
There further slight steadiness, fol
lowed later by decline of I'D to Hd more
favorable weather in Argentine. Corn inactive
at the opening with prices unchanged. Trade
continued dull without feature