The Minneapolis journal., 1905-09-25
Wheat Stands Up Well Against
Larger Receipts and Bear
Gossip.
Cash Demand Still Good, Indicat-
ing Continued Sales Of
Flour.
Stocks Not Accommodating Very
Fast-News of the Grain
Trade.

Minneapolis Chamber Of Commerce, Sept 20
Plenty of wheat was in sight to open the week.
the northwest over-Sunday movement bringing
1872 cars to market. This the bears used ef-
fectively open it off shade, but 1t was a1ter
all only 1872 more than year ago, ana
after looking awhile at the figures they did not
appear so bearish at first sight. The Mime
apolis end showed Ss1 cars, compared with aI1
u year ago, and in Duluth the figures were ~!
compared with 30S. The cash demand was good
and 1t could fairly be said to be satisfactory
market, nevertheless 1t was not up to Saturday
either in average price or in urgency Of demand
Prices heard In the early business We're ooNW
sec for spot No. northern, s2A @soc Tor NO. =
7S@SOc for No. 8 and 7Sc to ISc for NO. 4.
No. to arrive was auotabls around 81 Mc and
No. to arrive Sic. From the continued good
inquiry from millers it is clear that o flour busl.
ness somewhat heavier than ordinarily supposed
must have been done. The wheat Is coming IN
freely enough, but accumulation has been
made 80 far, the report this morning showing
On increase in local stocks of only $4,000 bu in
two days. That it will begin to accumulate
some time is certain. but to date consumptive
demand has been heavy enough to absorb every
thing. Duluth wired down early that much
wheat is being bought in the country and moth.
irg is being sold IN the east. Toronto sent
better report. Late in August and early In
September some export business landed in
Toronto, but nothing done since, until late
Saturday, when 100000 blu was worked to the
continent, this on basis of about TIC for the
wheat in Ontario. Receipts at other markets
were 80 cars against rs at Chicago and 10000
bu against 167, 900 at Kansas City, st. Louis
getting III 900 against 246OO0. The south
west movement is holding up little better than
predicted by the Chicago bulls. There is
pressure, however, cash demand running large
enough to take 1t all Winnipeg got 3e2 cars
against 1T. with the same large proportion OF
good stuff, 2s cars No. 1 hard. 234 No. 1
northern and 70 No. northern.
Worlds shipments were 10, 76S, 900 bu against
II, 544 900. The quantity on passage for Europe
at 80, $4,000 tbu shows decrease Of 1,272, 900.
F. Rumanian sem-offcial report makes the
crop 1OO, 900, 900 bu against 52o00 600 last year
and II 600 900 in 1903
The effect Of the free Canadian movement Is
shown in a gain for last week Of 6s7 ,933 bu in
stocks at Fort William and Port Arthur. The
total in store at these Canadian lake ter
mini is 1.4eO 75S bu. A year ago the stock was
only 1O8,56S bu. o
The detailed statement for today's Mime
apolis receipts showed 81 No. 1 hard, 166
90 rejected and 35 no grade, with 122 cars win
ter wheat, IS durum wheat and IS mixed.
Primary receipts / ,975, 900 BIZ against ], S91 >
OOO Clearances IT 900 bu.
The weather map shows rain in Montana
and British northwest, cloudy northwest clear
over rest of grain territory. Temperatures sea-
sonable. The forecast: Illinois, Indiana, Mich
Missouri-F'air, possibly showers Tuesday. Da-
kotas, Minnesota-Probably showers tonight.
The Broomhall cable said: Wheat showed X
SD decline owing to pressure IN September
and very bearish Rumanian crop estimate. Corn
neglected with prices unchanged
= In the local market near the close there was
some little commission house demand for wheat,
! good sellers. Whallon the leading seller Of De.
cenber Barnum heavy seller Of May. Pit
tccowd following the Chicago market and a
little >Nying against puts by small scapers.