The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-30
GREAT TINE THIS
FOR The FARMERS
NEWS rs MIXED BUT WHEAT rs
STRONG
Importing Countries Will Need Approx
imately 552,o00,000 With Far Less
Than That Amount in the Visible
Supply-Exports Are Being Rushed
Z Forward as Fast as Facilities Permit.

European cables coming in on
lin ana Budapest were lower, The bears
! took advantage Of the news to press
prices down, but, tho they succeeded in
sending the market off about l7ac, it
was a stubborn proposition. On the
lrumor that the car had accepted the
liberal program and accompanying re-
Russian strike, Liverpool, having
wheat futures. At the same time
Muehling,, a New York exporter, had
advices of an advance of Id in cash
wheat in London while Antwerp was
ket halted on the conflicting news.
The Farmers Great Chance.
The situation presents great posi-,
bilities for the American farmer. If
affairs quiet down in Russia, and re-
strlctive measures are not enforced by
the government, the merchants will
probably continue to turn everything
into cash by rushing out the grain.
,ould only mean famine in the spring.
Should the government forbid exporta-
Ion Of grain, it's action, the bulls say,
- would only hasten what will come any
way sooner or later, when the English
buyers are compelled to turn to Amer
ca for supplies.
Charles E. Lewis, who has been In
Canada, and more recently in Chicago
eturned to Minneapolis today. 'fThere
sa confusion of news,' said Mr..
lewis, ''but at the bottom of it all is
he supply situation. Beerbohm, the
- loted English authority, has estimated
hat the European importing countries
viii need in all 552,O0O,o0O bushels
Z wheat ultimately. The basic CUES
ave an exportable surplus, possibly
s large as 10O,0OO,OOO bushels. One
nay count in India, Canada, Aus
ralia and Argentina at figures as large
the average, and may take into the
- alculation north Africa and the CONT
entail. European surplus;,producins
ountries and he will be unable to fine
ny such quantity as the indicated re
uirements.''
Coarse Grains Booming.
"Our business in coarse grains il
normous and it is so in Canada.
anne over from Toronto with Melady
slling oats in quantity faster thai
hey can draw them in from Ontario O.
lie farther Canadian west, and tina;
ley have been trying to fill out b.
uying in Milwaukee and other Amer
an markets. The Ontario flour mill
annot fill all the orders received, TO-
heat is not being marketed fas
1ough; The farmers seem to be ho1dins
~~~ lck for better figures.
Chicago has a number Of privat
lannels Of communication with Russi
I'd all advices that I could learn O.
ere to the effect that, regardless o
,e spread or the settlement Of tn
esent disturbances, there will remain
supply situation in Russia so seriou
materially to effect our markets. T
oks as tho the American farmer i
--te man who will get the money thi
arr '...... ,,...,., ..,. <..--.
E. Liersch,, the Montreal flax an
ain merchant, was on change today
[ am informed,'' said he, by MOI
cal exporters that as much Manitob
ain as can be moved down the lake
ON Port Arthur or Fort William
etween now and the close of navig;
on, has been sold abroad and ocea
ON engaged for it,