The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-24
Estimate shows Wheat shrinking a. little.

Minneapolis Chamber Of Commerce. Sept. "a
a number Of things Of Importance favored wheat
today not the least of which was the reducing
of the Ven Dusen- Harrington estimate, Of the
northwest crop by 10000, 900 bu. Earlier In the
season the Van Dusen- Harrington figures were
for 21O. 900. 600 bu. The less favorable condi-
lions since then especially the rains. makes
necessary a reduction, in the judgment Of this
house. As the figures now are zoo, 0OO, 600 bu
and as the firm stands by its former estimate of
about 10, ZOO, 900 bu Of durum wheat, the spring
wheat proper is lowered to 155, 1000 900 Blu. The
report had effect to encourage the bulls. espe-
cially those who have been receiving private ad-
vices from the country Of disappointing yields.
The continued light showing In northwest re-
ceipts was a important influence. Only 1853
cars turned up here and in Duluth against 1872
a year ago. Argument Is heard way and
another but the fact Is that the wheat does not
come The bullish view Is that the farmers will
not sell, that the crop Is not up to expectations
anyway, that there will be no big movement and
that the bears will have to give up their ideas
Of low prices this year. Duluth took the edge
off little by reporting that while receipts
there, as posted, 337 against 391, there
were 200 cars on track not inspected, and q
less bullish view of the supply situation than
that generally entertained here appeared In the
Duluth Commercial Record, which said: writ
in other markets are accustomed to look at
the daily receipts of Duluth and Minneapolis
and thereby gage the extent Of farmers market
ings. No fallack is based on more unstable foun-
dalton. For instance, receipts at Duluth or
basis for the belief in a short crop. while as a
matter Of fact the receipts are solely the meas
ure of the. ability of the railroad companies to
move the stuff Day after day reports of
elevators filling and each day adds dozens to the
list of filed. If the railroads were able to
move to market the stuff delivered to them at
country points the receipts would average 5000
cars day instead of !. 900 or 100 that they
do average. AS an illustration the manager of
a North Dakota station where there three
houses with a capacity Of 100000 bu and six
more ranging from 10000 to 10000 bu writes
4 have been filed for two weeks and the
other houses nearly so now"
Even Winnipeg under today with 41
ears against 391. Chicago had 80 compared
with the same number last year. Minneapolis.
besides the big decrease Of only 416 against
$751; showed another loss of 100, 900 bu from local
stocks for two days. st. Louis received $4,000
bu against 10000.
Stephens had the following from Griffith, vii
Hams & Co., under date Liverpool Sept. 10
GAS to the quantity required this year for the
consuming countries it will be very largo and
We understand great quantity of rye Is being
shipped from Germany the border and
this will require to be replaced by wheat into
Germany. At the time 1t rather shows
that the damage to the Russian wheat and rye
crops Is a serious NATTER
Worlds shipments were II 100000 blu agains
10, 1852, 900 In the previous week and 10, 900
year ago. The visible supply increased $40, 00t
bu, bringing the total up to 32,117 900 bu.