The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-23
Speculative Holders Sell Out
Their Long Wheat as Delivery
Day Approaches.
Notwithstanding the Local Sup
ply Situation Remains Bullish
as Ever.
Trade Light May and December
Both Close Slightly
Lower.

Minneapolis Chamber Of Commerce. Nov. 2s-
Wheat seemed ready for an advance today at
Sns opening. for against our decline OF yes1er
higher. The movement was also very light, and
Minneapolis stocks for the week. are in for a
decrease Of about *, 900 bu. The market was
disappointing. 1t frmed up held well and
even made fractional gains. but enthusiasm was
lacking. The bears had no more courage than
the bulls. They were as much afraid to sell
1t as the others were to buy it, 50 the market
was dull. The testimony Of the interstate
commerce. commission was sent all over the
country as news. and the statement therein OF
Mr.. Herelhnger of the Peavey interests. as
to the quantity of wheat in one line of houses
ready to come forward and held back for lack
OF cars. had effect to take the edge of the
argument that the wheat Is not in the coun-
Chicago and elsewhere. Nevertheless. the wheat
coming In looked pitituly small by comparison,
and for this date. Only 81 cars here against
bOs, and only 1877 against s1e in Duluth. GER
tainly did not look like anything to bear wheat
on, and in Chicago with only 80 cars against
121. and Winnipeg with 2e3 against 800, the
feeling was the same. Kansas CITY got % Ivy
bu against 60, 900 bu; St. Louis had only $4,000
Liverpool closed unchanged to <hd higher
Broomhall cabled Wheat steady at the
some disposition to sell. owing to the weaker
tendency at Chicago, but later this was OF
set by the scarcity of La Plata offerings, small
Winnipeg receipts ght speculative onsrnfs
at the opening with values unchanged. Later
the market showed some hrmness on the con-
tinued light Argentine shipments and the bet,
ter spot demand, and prices at midday showed
q gain Of I'D to Nd"
The duluth Commercial Record says: cup
to date not to exceed thirty-hve empty ears
have been sent to St.. Thomas, N. D., this
season to move the crop, and elevators have
been full for weeks and unable to handle
grain. St. Thomas is 75o,ooo-bu shipping
Arosn+,ne ahinments. 100000 bu, against
a,4oO 900 last week and 2,226, 900 last year.
Primary receipts, $4,000 bu, against
The Modern Miller noted relief for the winter
wheat it was too dry except In Nebraska. In
thta state the crop needs rain and Is said not be
looking well.
London sent cable announcing the beginning
Of harvesting in the northern part OF the prov
ince of Santa Fe. in Argentine. VI.
There was a touch Of December Hquidation
Stocks Of wheat here so light that 1t would
seem that there would need be little fear OF
holder having the wheat delivered to him, yet
q Spectator who is long has to figure on possf
bilities, and as such holders would not want
the stun II rendered, they were selling out a
little today in anticipation Of Dec. and deliv-
cry day. Most Of the speculation, however, Is
in May wheat, scarcely any important interest
remaining in December.
Clearances s54, 900 bu Including IS, 900 brls
dour. ~<- =
New York ,oid II loads Of wheat for ex-
port
Clearances for the week 4,o0o.0oo bu -
The weather forecast. Illinois and Missouri
fair tonight and Saturday; warmer. Indiana
lower and upper Michigan, fair tonight and
Saturday; moderate temperatures. Wisconsin,
fair and warmer. Minnesota and Iowa, fair
and warmer North and South Dakota, fir
sas, fair tonight; Saturday, increasing cloudi-
ness.