The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-25
Wheat Goes Lower Again to Start
the Day, but Firms Up
at the Close.
All Kinds Of News from Argentine
but Most OF It, Is
Bearish.
q -
Local Stocks Gain 100000 Bushels
for Five Days-Ne
Of the Trade.

. Ia. at - I'D. gSs 81. ~
Minneapolis Chamber Of Commerce, Jan. 25.--
Minneapolis May at s3c and Chicago May S47sc
was the showing to IL o'clock today. The
market opened a little above yesterdays low
S5&c, hut 1t could not hold. More long wheat
bought higher up went overheard and the re-
port went around that big lots persistently held
were on the edge Of liquidation. Whether or
not there were such lots is uncertain, but the
talk had It's effect and many who. would have
bought wheat on the break under ordinary cir
eumstances were deferred by it. The difference
between Chicago May and Minneapolis May mar
rowed for Chicago was quicker to decline, and
lac was the spread at one time. The Increase
In local stocks for five days is 100000 bu. and.
despite the more moderate local receipts, 1t
keeps piling up. Today there were 251 cars in
comparison with N9 and Duluth got IS against
al Chicago received 10 against II. The Win
ntpeg comparison was 81 cars and 40, and the
southwest showed 81 600 Blu and $4,000 for Kan
sas City and "A, 900 and 1900 for St. Louis.
Cash demand good and again the cash
market was stubborn and refused to respond in
full to the decline in futures. The consequence
was q narrowing up, and No. ! northern solo
fractionally closer to May, or about &c under,
No. going at DC under. @.s-- Il.
The Northwestern Miller says: Some Min
neapolis mills noted a slight improvement In
trade last week. In certain cases, moderate sales
OF patent were worked for export. Lower ocean
rates and wheat contributed their share to these
transactions. No special Importance was at
tached to these sales as rejecting conditions II
the future. There were mill managers who char
acterized the market as being very dull.
CLEARS continue dull and heavy, little or nc
interest being manifested by importers. While
the supply OF these grades has bsen heavy. TIN
larger output means placing more on the market
Primary receipts $3.50 bu against $4,000
Total clearances: Wheat, $4,000 bu; -four. 13 0ot
brls; 651 900 bu; oats $4,000; wheat and
-four equal to 13S, 900 bu.
The Price Current Gays: "Favorableness c
general stuat ton Of growing wheat maintained
Striking changes in temperature not seriousl.
disturbing the plant. Average condition rarel
better this time of year. Other feature withou
notable change. Considerable flrmness maintained
By corr holders r.
Kansas City wired: mo snow now in south
west Snow and sleet on fields east. Country
reports cheerful about wheat prospects, but the
plant made small growth in fall. Little snow OF
rain in Kansas and Nebraska for six weeks
London correspondent ,cabled that the Argen
tine wheat crop will be from to 10 per cent in
crease over last year. Linseed 40 per cent de
crease. Corn uncertain. o., -s. g.
e d j. Murphy, travelling auditor for Cummings
who was on change today, says: ut appear
sto me that we are going to have good scalp
ing market and ssc for our May looks like tn
bottom to me-