The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-10-31
Only 191 Here Against 391 Year
IS Ago and Elevator Stocks
Decreasing.
December Advances to 1870 and
Z Scores a Fair Gain for
the Day.
The Railroad Situation the Gen.
eral Subject Of Trade
Discussion. ]"

Minneapolis Chamber Of Commerce, Oct III
Only 19l cars Of wheat In here against Se1
year ago, 143 cars loaded out of local storage
a decrease Of $4,000 bu for four days In ele-
vator stocks and no sign OF Improvement IA
conditions for the immediate future-thls was
the lineup staring the bears IN the race thls
morning. They ran for cover. December wheat
sold to 75hc. The northwest supply situation
was too much for the best Of them. No wheat
q time when they ought to be increasing heaV-
lily every day, Is not the sort OK q sltuat'0h "
encourage belief in lower prices. The old argu-
ment is still heard that the country Is full or
wheat and 1t will be coming in later, but the
bulls contend that when the Great Northern
road brings in only ii cars on the last aay VI
October there is something wrong somewhere.
There Is no precedent for the e4lst1ng sltua-
ton. If the wheat Is out in the country, say
the bulls, there must be some reason lor 1ts
holding back other than inability OF the roads
to bring 1t In: 1t is certainly puzzies rs
ever that the railroads, from past unfaVoraDie
experience, did this season decide upon heroic
measures to prevent congestion and confusion
and It may even be that to some extent they got
together AS well as one can see 1t from mere
there is determination on the part OF the pr1n-
cIpai roads that coal shall come into their terri
use in building shall be moved, that no live
stock destined for market this fall shall be
tied up into the winter, and that merchandse
moving west shall be distributed before freeze
I'D. To this end it is probable that they have
sacrificed the grain trade. on the plan OF opera
ton for greater general results even to the
Temporary disadvantage of some OF their most
the stuff is not there, then the northwest situa-
tion is changed, but all the advices from tne
most reliable sources show plenty of wheat ready
to move H. The roads are not moving ~ III.
The appearance of only ID cars over the Great
Northern road Is not convincing argument as
to the size of the production. II the north
west has raised 200, 100000 bu Or $50, 100000,
or 100 900, 900 bu Or any quantity, fourteen cars
Grna Northern would e.
If the northwest crop was only 1Oo, Ooo,Ooo bu
the Great Northern ought to be bringing gu +h IN
time there is always movement to market
regardless Of the crop. If, therefore, the four
teen cars indicate anything, 1t ind1cates oettee
railroading from the broad view OF the greatest
good to the greatest number In the long run,
and determination not to touch the wheat, how
ever insstent the call for better service, until
the other more pressing business, some OF which
cannot be handled to advantage during colo
weather. is cleared out of the way.
Duluth got 236 cars against 2S6, Chicago oil
against 1913, Winnipeg BOT against $50, st. Louis
63 600 bu against 200 and Kansas City $4,000
against 122, 900.
Liverpool closed SD higher.
Under date Of Oct. 10 a Liverpool firm writes
to Lewis: Hard winter wheats here continue
to have a very fair trade spot, but prices
still lag at Is Cd, Nd below what they can be
bought at first hand. The fact Of the matter
is that all gulf hard winters are arriving more
or less warm and on the verge Of going out
of condition Likewise store lots, of which
there is still fair quantity, are also inclined
to 20 of. They require continued attention and
expense, 80 therefore holders, rather than risk
the further deterioration, selling Until
store lots come into smaller compass we do not
look for much further business in hard win
ters"
The forecast Illinois, Missouri, Iowa, upper
Michigan, Minnesota Kansas and Nebraska, fair
tonight and Thursday, slowly rising tempera-
ture; lower Michigan, fair tonight and Thursday,
warmer Thursday; North and South Dakota, fair
tonight and Thursday, warmer tonight; Montana,
partly cloudy tonight and Thursday.
Primary receipts, s51 900 bu against 1,494, 900.
Clearances, $50 900 bu.
Broomhalls cable: wheat was steady in
Liverpool at the opening, with values IA high
er.~ Support resulted from the late steadiness In
America yesterday and the Bradstreet report:
Toward midday the market gained an additional
lad, with shorts nervous. There was better
undertone, with few sellers. Corn was steady
at the opening, with values unchanged During
the morning the nearby option advanced 10
on the better spot demand and the fair In.
quiry for La Plata cargoes.'
p BroomhaIl there is talk Of fur
Their increase in the Spanish Import duties. Spe
cial Russian news says rain has fallen IN parts
Of Bessarabia and Kherson, and sowing hat
commenced. Southwestern arrivals are fair, but
business is stagnant. Azoff and Crimea arrivals