The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-14

Minneapolis Chamber Of Commerce, Dec. Ia
Wheat sagged again in todays early market.
principally because Of dull trade Not much
business other than professional trading was done
here, and in Chicago the pit was only half filled.
Chicago was weak and Minneap polls weakened
also, but neither market made, any decline OF
Importance, altho the early pressure was rather
heavy. The Duluth receipts were again larger,
Mt 174 cars against 1O5, but Minneapolis agalu
fell under, with only 800 against 374. The
increase in local elevator stocks. estimated at
100000 bu up to yesterday. now promises to be
10000 for the week. This and Argentine
cable via London stating that rains have fallen
and that the Argentine crops are now doing bet
ter, were the principal bearish items. The out
side markets seemed a little more inclined to
give attention to bear news, but locally there
was counter influence in the weather. In Min
neapolis the sun shone brightly, but wires from
Grand Forks told of snow and high winds, of
drifts and trains stalled and suggested delays
to trains and the further cutting down of the
already light movement. The line elevator men
were also Intercepted with reference to the car
supply and the loaded in the country for
Minneapolis and 1t found that the number
of cars put in transit since yesterdays report
was very light. One company with a good many
country houses loaded only Is cars, another -,
another 8, another and one of the smaller line
companies loaded out only for Minneapolis
This refers to wheat only. Inquiry did not
cover even half the houses-and this light load
Ing Is BY no means conclusive, but 1T illustrates
the still remaining difficulty of getting cars
and II the situation is anywhere near the same
with the line companies not Intercepted and the
weather has the blocking effect that usually fol-
lows drifting snow 1t is difficult to see where
any receipts that. by comparison with last year.
would look bearish are to from. There
are twelve business days remaining in December.
For these twelve days, which include two Mon
GAYS ay ana the double run following Christmas
day, the movement last year was as follows in
carlots In Minneapolis and Duluth-514 952 $40
652. 635, 1874. tl3, 1.O41. 1908 500 COS 400
z Hsre Is total Of s,7ee cars. an average Of
bust.
Christmas falls ON different day of the week
THIS year and there is the possibility of an extra
holiday which might make only eleven business
days and thus make the run following the extra
holiday look larger by comparison it NAV he
doubted whether this will occur on any other
DAY, and from present indications it seem.
Wholly improbable that receipts from now to the
eno or December will average anywhere near 7a3
cars day. Hence, for those who look unon
the northwest comparative supply situation as
the main influence the situation is bullish rather
than bearish. eA
Argentine shipments for the week We're gao .
600 In all. compared with 1,744, 900 in the nro.
vious week and 675,OO0 year ago. To the INIT.
Cd Kingdom Argentine sent 512, 900 against 3O4 :.
600 and 675OOO. '~'
Chicago received "a cars against %. winninoo
1oo against 2s2, Kansas City 1O4, 900 bu com
pared with $4,000 and st. Louis 80, 900 com
pared with $4,000. 0
Milmine wired verhoef that there was :.
GOOD export business done in wheat both yester-
day and Wednesday.
Primary receipts. CSC, 900 Blu against GOT ono
Clearances, 412, 900 bu '0o0'
ST. Petersburg message saws that ~, D.,
sian government has bought 5000, 900 bu wheat
IN western Siberia for the use of the famine
sufferers in European Russia o
The Modern Miller saws the small ton r,o..
OF winter wheat caused by late seeding has
oeen partially made up by plentiful moisture
and moderate tempera lures Crop conditJons IL
general continue favorable
Clearances for the week wheat and e
4, 1888, 900 blu. O Aooi'
Weather forecast: North and South Dakota.
ialr. continued cold: Minnesota. clearing to-
In southeast; Iowa. fair, cold wave in east and
south; Nebraska and Kansas. fair, colder to.
night, warmer west Saturday; Illinois, clearing
west Saturday; Indiana clearing tonight, fair
ana colder Saturday; Wisconsin, clearing to-
nIsnt, ra1r with cold wave. Saturday; lower
urday, cold wave; Missouri, generally fair. cold
wave north Saturday. ~1N