The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-26
Wheat More than Held It's Own
Today in a Dull and
'&sy Lifeless Market. 80.
Northwestern Y Mi1ler's.ks Cables.
Find Argentine All Right
h. - Thornton Issues Report. T. y
Receipts Light, but Comparisons
- g. t* t Even-Local Stocks
! - - Gaining. ~ =.

- Minneapolis Chamber of Commerce. Dec. 26-
Half dozen items conservative in tenor were
TO- be found in the wheat news this morning
and the effect was to Keep! the market quiet,
althos the undertone' was arm and the price
tendency seemed upwards rather than down
ward. The increase In local stocks for four
days 100000 bu, q rate Of increase sug-
gestiye of what ought to be If things this year
were normal. Even at this rate it will be a
long time before the effect OF the long period
of continued light receipts: is wiped out and
the" balance restored, il it ever will be restored,
which is not certain. Up to- this morning total
Minneapolis REGENTS of grain OF all kinds from
Sept. l to Dec. Il are 81, l22, 800 bu compared
with 81, $50, $50 lust season, and In wheat 3d.
100000 Blu against Al, 3O1, $50. 1t will take
considerable of IN increased every week for a
good many weeks to make this up. Still the
taet that Minneapolis stocks at last inereas.
ing at fairly decent rate had .tempering eff
rect The Northwestern Miller had a cable
from Argentina There viii besincreasing inter-
est in the crop of that far-off country from
now on. What the Miller gets is always more
reliable than news that comes thru other chan
nels. IotayS cable said Harvest is progress
ing rapidly :, There, is every prospect that the
crop will be secured in good condition. The
crop. Of Argentine-ts not secured, however. 1t
Is quite possible that unfavorable developments
may yet come. They might still well
along into January. But While the bulls may
yet Ind strong help In Argentine and some
believe it will out that way, the Millers
cable; indicates that right up to date every
thing lis favorable and that If Argentine is to
ns1p the pulls some, later development must
do it..
Another thing somewhat bearish was the re-
port of c. H. Thornton of Duluth, who believes
that on Aug l next there Will be d larger
northwest wheat. surplus than last year. Mr..
-Thornron'S analysis of supply conditions was
4nteTestlnS but as market 1t without
enect because it is a long time proposition
Some good men on the Minneapolis floor agree
With his general summary, Of the situation 9th
efs DO not Regardless OF this the matter of
whether or Ilot the northwest requirements will
fan short@of the wheat available in the first
seven months of next year, leaving a surplus
Sno highly importantly; is not n matter to have
any effect upon prices alta time like the pres
eft when conditions affecting the immediate
apply make the first consideration.
~ Minneapolis reeetyedl 1885, Gears against. 9z2
I&iluth 21tagainsta69, Chicago 145 against 81,
N Winnipeg: $50 compared with 44S The ST.
1buiS celnparison. was $1,000 bu and ia. 900
4pd thatkof Kansas City 454 900 land IT'S, 900.
dalese figures for the most pa covered the same
etne period as last. year. but not altogether So
. The visible Increased 591 600 bu. This makes
II 43'so6,OtD against, 40,467 900 last year. Corn
Increased sf,0O0'.bu and oats 726 900.
mere were no. Ensltsh"cables, Liverpool being
sGPrimary receipts. .467 600 bu against l Oa5 :
Q9o; clearances, 800, 900 Blu. !,
29ihe weather FORECAST: North Dakota snow
esi'ier; Solth' Dakota, Increasing cloudness, with
paln or snow west tonight, Thursday rain or
fpow and colder; Mhnesota, il Increasing cloudi-
feSs with, snow northI Thursday 9snSss and cold
So Neoraska, rain or snow west tonight, colder;
KANSAS, cloudy tonight, rain tomorrow. colder
east; Illinois, fair today, cloudy tomorrow
warmer; Indiana, fair, warmer; Missouri, fair
and warmer today cloudy tomorrow; Wisconsin,
sa"uoy rem or srfw TOMORROW, colder tomor-