The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-13
Prices Make Only Moderate Re-
cessions and Market Shows
Underlying Strength.
Receipts Somewhat Larger and
Local Stocks About 100000
Bushels Heavier.
Marfield Issues an Estimate Gov
ering the Supply of
Oats.

Minneapolis Chamber of Commerce, Dec. 13.-
Wheat held pretty we'll this morning, selling
Receipts here 44S against 491, and
at Duluth 13s against 81, and there was moth
Ing In this to put prices down. The increase
In Minneapolis elevator stocks of TOO, 600 bu for
five days was n bear card, but stocks are 80
light and have yet so far to climb before the
total can begin to look like anything, that this
had little effect. Nothing in the outside mar
kets made much difference In sentiment, which
appears to be conserVatively bullish: Liver
pool closed Hd lower. Broomhall cabled: The
Liverpool market was quiet with decidedly
narrow range in prices The tendency was
toward lower level, prompted by the easier
American cables yesterday and lack Of specu-
tattve interest Corn quiet In tone, with
prices lower. Selling pressure resulted from
the larger American offerings and the apathy
in the spot market
There has been some comment OF late to
improving flour trade and the probable effect
upon wheat values. OF this the Northwestern
Miller says: The Minneapolis -four output
last week increased 1O.395 brls. The quantity
t6rned out was 29O, 1855 brls against 49,, 935 In
1905 and 279,37O in 1904. There has been some
put the current week promises to approximate
N5.G0o brls. For the corresponding week In
1908 it was 31s.e80 brls. On the whole Mime
apolis mills reported business dull last week
Howesar. there were instances where pretty
liberal sales were made. This included SONS
orders for patent booked in the United King
dom, dip IN wheat on Wednesday and Thurs
day permitting millers to accept bids that had
been put out By importers. Baltic markets
took some clear hour, but Holland was hard to
interest. Bran. after declining 75c ton, has
recovered pretty much Of the lost ground and
Is again held at close to the former high prices.
However, it 70 not over active. Middings and
red dog went down with bran, but have not
shown the reouperative power that bran did,
Chicago received Al cars against IL, Winnipeg
115 against 119,
Argentine shipments for this week will be
about 5000 bu, compared with 10000 last
week and 1,3S6. 900 year ago. o
Primary receipts $4,000 bu against 7ss, 900.
Clearances wheat and -four $4,000 bu.
Marfeld's office issued an estimate today ~
the oats sulsDly. 1t reads as follows: 'From
Information that is absolutely reliable 1.-THE
same having come from our people or
those closely connected with us}. we call at
tention to the following facts regarding the oats
crop movement and present stock, as compared
with last year. In our opinion these figures are
sensational and warrant persistent purchases and
holdings Of cash and May oats. Receipts and
stocks given below as to country elevator re-
ceipts,' and 'on hand IN country elevators were
given by 496 country elevators thru Iowa. Min.
nesota and south Dakota on the st. Paul, North
Louis Railways" ~
Country Elevator Receipts of Oats
Aug. tt TO Dee Sec: ,a deoo '.-...- ss4s7
a. pigesen noe ::.::..--....-~-... 1.7e5, se2
Oats on Hand In Country Elevators
be- Dec + 1 tSe 900 ->.."...--..-. 82a437s
DIFFERENCE e ;.,.:~..--.....~..... 22oeo o7
Estimator Stocks Of Oats in Farmers Hands
Apneapolis visible supply Of oats.
Mnneapais Visible supply Of oats. 0e''2se
Dec. l, 1905 ..-.....-......----. 1861, $50
Difference dn ....;.:...--.....---.. 2.se1, ees
= Duluth Visible supply o; oats, Dec. -. II
Duluth visible suppl yof OATS Dec: ss'''00
l. 1905 '-'''..--~-"~~-.-..--..... 10000
Difference ...:.:...~..---...... s.512ooo
minneapolis and Duluth Visible sup 49,.
ply Of oats, Dec. l. 1905 !..,....-. TO- go 299
Minneapolis and Duluth visible sup
ply OF OATS Dec. 1. 1905 ...-..... 1855, $50
.. Difference IT, :.:.;:.-........--.. o,s7a $50
chicago oI Visible supply OF oats, Dec.
chicago visible supply Of oats. Deo. '''S0ooo
l. 1905 1855, 900
Difference ..r.:...............- 4.1s4,ooo
Or TIA per cent less.
The eastern demand for oats Is constant
fnsorbs everything offered at reasonable prices
and no accumulation of Importance is reported
anywhere.
Kansas City received $4,000 bu against 10000,
st. Louis 49, 900 against 10000. =.
Weather forecast: Minnesota snow decidedlv
colder; cold wave north. North and South Da-
kota, snow ana colder. Iowa, rain or snow to-
hishtf SLOW friday, decidedly colder. Missouri
rain tonight and Friday; colder. Illinois and
Indiana. rain and colder north tonight; rain or
sncw Friday; decidedly colder. Nebraska and
hansas rain Or snow tonight and Friday, de-
st. Louis wired: The high prices Of wheat
In the northwest is stimulating demand for
winter Wheat flour. Kehlor Milling company sold
1000 br1s hard winter wheat -four to a Mime
apolis miller yesterday and Meyer sold 1000 brls
SOFT winter wheat -four to St. Paul cracker
baker. This we get from -four broker
hQ cd that
tine is unsettled and wheat unfavorablyz at
fected.