The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-15
Several Days of Steady Pressure
Has Taken the Edge Il
Off Prices.
But the Bulls Are Confident of
Later Recovery and Are
Waiting. IN.
Receipts Next Week Will Have
Much to Do with the
Trend.

Minneapolis Chamber Of Commerce, Dec. 10
| End of the week selling of wheat put prices
! down today, but at the close the loss was mod
crate, December stopping at 771sc and May at
1856 both closing at low points. The bears felt
1 that in getting May wheat under soc and clos
L iIg it there they had accomplished something,
but since the pressure has been on for sew
eral days and the decline was no greater, the
bulls were equally pleased and inclined to look
Tor recovery when the week opens. The
weather Is rather favorable for the movement,
more so at least than 1t has been. The fore
east is for fair and colder over the northwest
Tonight and Sunday. What the Monday will
bring In will no doubt have some effect upon
prices, but even if tn ereceipts are heavier
The bears will not necessarily profit, unless for
the time being, for there is a strong impressiosn
that the railroads will not be able to bring in
enough wheat between now and the first Of the
year to measure up to last year in the cor
responding period. and so nothing bearish In
receipts Is looked for. Stocks have increased
Tor the week a little less than predicted. The
\ minneapolis elevators took in 7OS, S13 bu for
the week, making the total 2,93S, 6S5. Receipts
today We're 412 cars here against AGO a year
ago, 1Ol at Duluth against "a, 81 at Chicago
against % and 10 up at Winnipeg against 222.
The Kansas City comparison was Ill. 900 Du
ana $4,000 and the st. Louis figures were
$4,000 and $1,000
opening, with values unchanged. Later how
ever, the undertOne became easier prompted by
the weaker American cables and the fact that
new La Plata wheat was more freely otared
~
nes showed I'D decline under lack of support
Corn was quiet with values I'D lower followed
4ater by Il, further decline of I'D. The cheaper
American offers at northern ports and less
urgent inquiry for La Plata cargoes caused more
liberal offerings
Liverpool closed sd lower
Broomhall estimates worlds SHIPMENTS at
aO4OoO0O bu. He predicts that there will be
moderate changes in the quantity of breadstuffs
on passage The shipments from India this
week were 1901 0O bu wheat.
ClearanceS. sos 600 bu for the d,v Tba Of
Hcial estimate of exports from the United
states for November is 1851 600 bu: since
Jan. !. 5S,925,0o0 bu. Bradstreet makes OK
ports from the United States and Canada to Dec
So, 600, 600 bu.
Along this line the Inter Ocean says: "That
there is more export business than apDears on
the surface is shown by the daily and weekly
ciearahces from the seaboard also by reports
tnat came from New York yesterday. giving
export business in wheat late Wednesday,
Thursday and Friday, making it 424 900 bu
including 100000 bu macaroni of hich 1876 600
Du was TO Newcastle. 40. 900 bu to Glasgow and
SI,ooO bu to Hamburg Of Manitoba wheat
Inere was $4,000 bu and Of No. 2 northern
z4,ooo Du to Manchester, also so, 900 bu No.
nard TO Lelth from the gulf. Export sales of
wheat were 1900 bu and of oats % 600 bu ,,
Inc weather map today: Canadian North
"est-Iemperatures 2 below to a above: gen
erally clear; GU Appellee. .96; Winnipeg. IA:
ainnedosa and Prince Albert, 10. Northwest
temperatures below to IA above; clear; Mood
mead, .l6; Duluth, Oh; Devils Lake O6: willis
ton, .01. West-Temperatures S to 26 c1enr.
Springfield H.. "a Davenport. OIL South,
West-Temperatures IS to "a; generally fair.
Springfield. Mo-, "a Fort Worth raining. 3e.
apllene, 06 Ohio Valley-Temperature 81 to
o. cloudy; Cairo, ZIG; Louisville, raining. 60:
1n ~ go; Cincinnati, 40; Evansville