The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-10-03
The Early Decline on the Good
Weather and Lower Liver
pool Gables.
Later Clearances of 832, 900 Bush
els and New Export Sales
Rally It.
Gossip About Valentine and His
Relation to the Ar
mour Firm.

Minneapolis Chamber Of Commerce, Oct g.
Wheat Went lower again this morning IN the
first hour but not ma terially lower and It was
quick to react December sold to 1870 @7aAsc
and then turned back to 1880, and May sold
to 77Mc, coming back again to 7sc. Good
weather prompted the selling out OF small hold
ings here, and in Chicago the Pr1ngle hrm
sold rather freely, presumably Rankin's long
wheat. The cables were easier, and Liverpool
weak and 3s@&d lower at the close. Broom
hall received the figures for the day omitted
from the Russian table of Monday, and the ship
ments from that country were raised from
1900, 900 bu to e,22o,oo0. This made total
worlds shipments IL, 400, 600 bu. The report of
the sale of fifty loads Of No. hard winter
wheat In New York for export hrmed up prices.
and Chicago at the same time said the export
prospects were not very favorable and neither
Winnipeg or Duluth sent thing encouraging.
The northwest movement still showed total
in receipts under last year, but the difference
was not so great. Minneapolis, with 400 cars
against 6S1, showed q difference of 272 cars, but
Duluth, with 3SS against 21S, made gain Of
ITO and cut the combined loss down to Luz
Chicago had "a compared with 50, Winnt-
peg 29S against 416 and the winter wheat mar
ket comparisons were Sc, coo bu and LOG, 600 at
Kansas City and 81, 900 and IS, 900 for St. Louis.
Minneapolis elevator stocks, altho not falling
of at SO great rate, are still decreasing, and
Broomhall cabed: Wheat easy at the
opening, with values 1ad lower. being Influenced
by the weakness Of American cables, the Brad
street report and cheaper Manitoba offerings
There support, however, the de-
cline and values gained h@Ad. Buying was
mostly by spectators prompted by the strength
of cargoes both off coast and passage, and
the scarcity of La Plata offerings. Com was
easy ut the opening with values u @3sd lower.
The market neglected and weakness being
attributed entirely to the lower American
cables
Muuling of New York confirmed % loads
wheat for export.
The market frmed up good clearances.
S32 900 blu appearing without New Orleans.
which rpnOrtfnH. n
were $1,000 brls -four.
Near the close December sold up to 74A@
74$sc report that the seaboard business to.
day ran to 100 loads wheat
IL Minneapolis cars today there SO cars
winter and A cars durum. They seem to be
able to obtain cars to get winter wheat to the
markets.
Pipers Chicago wire said: "yalentine made
play in wheat yesterday that will keep the
trade guessing for few days. He bought
100000 bu December and May, getting it all
at one price. Monday he bought 1000 900 bu.
Part of the purchases were put down to the
Armour Grain company at first, but later trans.
ferred upon request of that company to J. W.
Wrenn e. Co. and Requa. The request Of the
Armour company that the trade should be given
to- other houses made with q desire tc
prevent the impression going around that the
Armour interests were specializing in wheat in
large way. The Armour house having ceased
specializing, and knowing the effect that the
buying of such large line might have the
market If put down to them, they decided not
to be party to it. There is no unfriendly feel
ing between the Armour interest and Valentine
but Armour is not in the speculative market
the house does not care to be mixed up
Thruout Manitoba the weather has been tint
and A few scattered showers have oc
CURED in northern Saskatchewan; otherwise thu
weather in the western provinces has been fn'
and for the most part moderately warm. tn,
forecast is: Fresh to westerly winds, fair to
day and Thursday, but few local showers
Saskatchewan and Alberta, fresh, strong winds
a few light scattered showers, but mostly fai
and cool.
The forecast side is for showers il
southern and extreme northwest portions O
district and becoming unsettled In remaining
states by Friday morning. Continued moderat
temperatures.
The London Statist estimates the world
wheat crop at 1872, 900, 900 bu. European re
quirements are 52e,ooO,oO0 bu, $4,000, 900 b.
less than last year.