The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-08
The Visible Make a Big Increase
and Local Stocks Also
Gain Heavily.
Good Exports of Wheat, Flour
and Corn at the Atlantic
Seaboard.
Russian Shipments Show Tend
ency to Tighten Up Every
Week. :..a%

Minneapolis Chamber Of Commerce. Jan. s.
The week opened with several items in hand of
q strengthening nature. but wheat was not yer!
buoyant After ter while h on rHet was
tain and unsatisfactory to trade IN, win tne
tendency apparently lower. vet majority III
the pit were afraid to sell it, The best bull
encoura gement came from the steadily decreas-
ing Russian movement year ago RUSSIA
shipped 1904 900 bu in the period corresponding
to last week. Thru the latter part OF 1903 the
figures ran very heavy, but they began to de-
cline as the year ended Two weeks ago they
were down to 1.4sS.0oO hu, and for last week
the total was 1,o64.ooo. American shipments
also fell OF. compared with the previous week,
yet they held to the respectable total OF S.ooe'-
900 bu, quantity that would soon take on the
pressure from the eXportable surplus could as
surance be had that it would move out contln-
uously at that rate. The movement into Min
neapolis also looks moderate now compared Win
a year ago. the figures for today beng oo9 cars
and 5s7. On the other hand. the wheat IS com.
ing in at a rate entirely too fast. to permit or
the absorption of more than moderate proper
ton by consumptive requirements. and so 1t pies
up. There have been some big increases OF
late and the last two weeks saw the total In
elevators here jump by millions to l24Ooooo
bu This week starts of with the promise of
bigger gain than ever, for In the first two days
that will figure into the next Saturday report
800 900 bu was taken in. There Is. then, IN
round figures 13, O0o, 900 bu wheat now in store
In Minneapolis, with the prospect that by satur-
day next there will be $4,000. 900.
Receipts at Duluth were 1902 cars against 81.
at Chicago 80 against So and in Winnipeg 1874
compared with II. st. Louis received $4,000 bu
compared with Al 600 and Kansas City III, 600
bu compared with $1,000.
Kalb's Argentine cable said that daily rains
are interfering with the harvesting and the
movement of wheat and holding back exports
Broomhall said the situation in the Punjaub is
unchanged, but In the United Provinces of
India. where rain has fallen, wheat on the
unirrigated lands IS suffering.
Some very substantial evidence OF healthy
cash situation in coarse grains and also evil
dence of ability to do something abroad In
wheat came to hand. New York cleared lis 600
brls -four. 100000 bu wheat and 1,00O,0 900 bu
Philadelphia cleared 1854 900 bu corn
The good business at the Seaboard has no eff
feet The estimate went out that the visible
would increase by 100000 bu altho Chicago
and Toledo had not been heard from to noon
The comment followed that the visible would
be 100000 bu larger than a year ago, and this
- weakened the market again. When the figures
finally came the increase was shown to be
1852, 900.
Primary receipts 9e5, 900 bu against s75 900
clearances $4,000 bu-
The weather map shows light SHOWS in Kan
sas, Nebraska and Missouri. Fair to heavy and
still showing in southern Illinois. Indiana. Ken
lucky. Tennessee and Ohio. Temperatures lower
IN Dakotas, west and southwest, but will rise
tomorrow.