The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-05
Reports Of Another Lot Worked
at Duluth, and Of Gulf Port
Inquiry.
Local Stocks at Last Beginning
to Increase-So Far
100000 Bushels.
Good Cash Demand from Both
Millers and Terminal
Elevators.

Minneapolis Chamber of Commerce, Oct, g..
Wheat behaved very well again today all things
considered The local run was III cars against
800 year ago, and an easier cash market was
expected, but when the stuff came on sale IL
moved off readily enough Milers bought the
top lots and terminal elevators were represented
around the tables. No / northern on spot was
quotably 1@1hc over December and No. 12c
under No. 8 wheat 75@7Sc and No. IoQfoc.
rive about &c under. For the first time since
new wheat began to move loc& Elevator STOCKS
due to show respectable increase this
week, the estimate for five days being 10000
bu. The sale yesterday by Ames Brooks Of
Duluth of a cargo of No. 1 northern to Ger
many started no end of talk as to export
y possibilities, and it was reported early today
that Germany was nquirng for price on No 2
red at gulf ports. However gratifying the sale
may be- and however important as showing that
we may have taken a too hopeless view OF
export possibilities, it must nevertheless be
viewed as rather extraordinary transaction.
Germany may have to buy considerable wheat,
!. and with tariffs in our favor we may get the
bulk Of it, even against cheaper Canadian wheat,
yet by this free export basis could scarcely
be said to be established. Inquiry today brought
a quotation to Rollin Smith Of 76&c o b
Fort William for No. 1 Canadian wheat for ex
port, or 76c in store, which would make the
% difference in favor of the Canadian product
almost sc against American wheat in Du-
luth. The mention of the head of the lakes
/ market suggests the fact that Duluth has
changed front on the contract question and tina t
instead of No northern for contract, No:
deliverable at SC diferential. While this
: has little Importance marketwise. it is highly
Interesting as showing the unsa satisfactory work
ing out of the experiment of making the change.
Receipts elsewhere, with the last year com
Parsons, were OPS and 269 at Duluthss Sc
J and 81 at Chicago, 1852 and 212 at Winnipeg.
I'll 900 bu and 10000 at Kansas City and 81 900
Z. bu and 900 at st. Louis. - = !
Hallet, having sent out extensive inquiry coy
: ering the northwest crop has Sc replies in hand
I today, which line up as follows: -
,,,,..ot, Reports; Per Acre;
! minnesota ................... ~ l5.z
Z North Dakota ...'........'... Il 10
South Dakota ................ 16 14.t
r. Total ................... Sc Average H.
81 Tn. Minnesota reports include one very bad
:; the basis of 16 bu per acre for par. would make
tn ecrop about SS.o1 on final outturn.
: The Northwestern Miller says: minneapolis
mills generally did very satisfactory business
last week The domestic demand is not nearly
so brisk us it vas about two weeks ago. but
still 1t is sufficient to keep the mills running
full time. Buyers do not seem inclined to place
9 orders for delivery far ahead and while scme
very good sales have been made the majority ate
: for small quantities for quick delivery. Ship
ping directions are coming in freely
e Thornton Of Duluth says: "Vaentine and the
" Armour house may be friends of the farmer
2 and friendly to the wheat price, but we ven.
g ture the assertion right now that If the Armour
house continues keeping the price of wheat
p above expert basis there will be money
, lost this crop in buying holding SOC wheat
than there was made in buying 81 wheat the
; last year. The Armour information about the
European situation may be good. f1rst-class, but
Judging from the fluctuations in foreign wheat
/. markets, there is very little alarm there"
. Primary receipts were .4s1 900 bu; year ago
1888, 600. Clearances 80, 900 bu.
e. There were reports Of ten loads Of macaron
wheat taken last night for export, and uncon
firmed rumor Of fifteen loads more. -,-~r .
Duluth reports the sale of another parcel OF
No. / northern wheat to Germany at an ad
vance over yesterdays sale. Europe has adj
vanced bids on Manitoba wheat over night, de
spite the decline in prices on this side