The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-02
Minneapolis Gets 1,o25 Cars in
All and December Eases
Off to 1870.
Later It Turns About for 811s@
8114c-Cash Wheat Better
Than Expected
Good, Strong Tone at the Close
News of an Active
Day.

Minneapolis Chamber Of Commerce, Oct q
A toppy market was the outlook TINS morning
before the opening In wheat, and 1t was hara
to see where the bulls were to do much against
the figures marked up representing the rece1pts;
An even 1,4O0 appeared In Minneaolis anu
Duluth, which it was thought would nave ae-
pressing effect upon cash wheat The foreign
news was of an easy tenor Liverpool heavy,
worlds shipments again large at 11,392,OOO Du
compared with 107 900 last week and o,olo,,
900 last year, Russia showing up the big END
Of 1t, or 4,s72,0Oo bu. These and other things
opened December weak, with trades eat 7s1sc,
while May traded at S39sc. Soon the market
turned and December SOAc and May 81 Is
@s4Ac. Traders found that, while the 1,o2S
cars in here looked big, there were really %
cars less than a year ago today, when 1'oo4
turned up Also the local elevator stocks dor
sidering the quantity of wheat in here of late,
is not much of gain. The cash market was
off, as to be expected, but there was no
price decentralization the wheat ON the contrary
selling very we'll, everything considered, No. l
was about 1c December, either for spot
wheat to arrive, and No. 2 about &c under.
Millers came in and bought the top grade stun
At Duluth the receipts were 375 cars against
1856, and Duluth sent down figures showing a
gain last week Of 794,S55 and total stock
Of 2,2s5,o24. Six hundred cars is the expecta:
ton for Duluth tomorrow. winnipeg got 54S
compared with 1S9 year ago, but. in view
of the recent heavy movement into Winnipeg.
the stocks at the lake increased less than might
have been expected, Fort William and Port
Arthur gaining 46S371 Blu for the week, tota!
stocks now footing up 1,92e.130. This looks
heavy alongside the 52S,553 bu in Canadian lake
storage year ago, but it is really light con-
sidering how much heavier has been the mar
ket1ng to date. Chicago got 70 cars compared
with 49, st. Louis received $4,000 bu against
$4,000, and Kansas City 3SS, 900 against $4,000.
On Saturday Kansas City shipped heavily, send
ing out 525, 600 bu to take advantage of freight
rates. ~ .5#E4Ef N !.
In the Duluth Commercial Record c.. n.
Thornton says: 'We have reason to believe
that Mr.. Valentine Of the Armour company re-
CARDS the Commercial Records ~ northwestern
wheat estimate of PIP, 600 bu as too high;
that some such estimate that made by II. V.
Jones, TIA, o0o, 900 bu, that by Van Dusen
1s0. 900 bu is about right. About the time
when the Chicago market is carrying the dead
weight load of hedges against 10000 900 tc
25000o00 bu Of wheat in northwestern ele
vators there because the railroads can't move II
to market Valentine will begin to appreciate
the fact that we know something about thu
crop That condition will be here by Nov. IL
Primary receipts 2o72OO0 bu against 1896,
600.
The visible increased 1.e45,oo bu and now to
tails II 100000, or only $4,000 more than yea
ago.
The MARKET turned very strong after the moor
hour. and December sold to size, when tn.
shorts tried to take profits by buying.
A strong feature In the foreign supply situa
figures today 29, 500. 600 bu against 80, 57e
600 last week. The quantity ahoat for thu
United Kingdom at present is only about 10, 900,
600 bu agSinst %, 600, 900 year ago.
Bartlett-Frazier bought cargo Of No. i ii
Duluth at Chicago December prict, to come Il
Chicago
The weather map shows generally clear condi
tons all over, with low temperatures in north
west and west; frsot in South Dakota. Else
where seasonable. The forecast says: Illinois
Indiana, Missouri. showers, warmer. Michigan
Wisconsin. Minnesota, Iowa, Dakotas, Nebraska
fair warmer.