The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-28
Wheat Turns
Minneapolis and Duluth Together
Received Five Cars More
Than a Year Ago
Trade Rather Light Liverpool
Cables Without Important |
Change.
Local Elevator Stocks Still Show
a Decrease for This
Week.

Minneapolis Chamber Of Commerce. Nov. 2S.--
Minneapolis and Duluth together showed up five
cars more wheat today than year ago, which
sc surprised the trade that many wondered If
Nj error had not been made. 1t was all right,
however Only 301 were In hero against
1913, but In Duluth there We're. ga against 1919.
winnipeg got 3S7 against 1O9 and Chicago 30
against So. The Minneapolis elevator stocks in
creased by 5000 blu over night, but are still
showing decrease Of 10000 bu SO far on the
week. Kansas City received 10000 butagainst
Ot.0OO st. Louis "a. 900 against 81, 900. =.
Liverpool closed sd lower. 10. - n
Brocmhall cnbled: Wheat was steady at the
opening, with values unchanged. Trading was
dull with, the market narrow, but the under
tone continued steady, prices gaining I'D toward
midday. There was a better demand for both
Australian and La Plata cargoes, and this slim
ulated some support. Corn was firm at the open
ing, with values unchanged. Later prices add
vanced "a GgAd prompted by the hrmer American
cables yesterday and. predictions of sharp
falling OF iE shipments from Argentina la
Plata carSoes and parcels are strong
Primary receipts. $50, 900 bu against SS3, 900.
ClearanceS, $1,000 bu.
The weather forecast: North and South Da-
keta. partly cloudy, with probably rain OF snow;
day, warmer west; Iowa. fair tonight, warmer
west, rain or snow and Thursday !;
Nebraska, rain or snow tonight and Thursday.
warmer; tonight; Missouri fair tonight showers
and warmer tomorrow; Illinois and Indiana, fair
tonight, increasing cloudineSs tomorrow; lower
Michigan, generally fair
Inc chicago lnter-Ocean says: Trading III
three kinds Of contract wheat-No. i northern,
No. red and No. hard-for May delivery is
to start here today. The directors of the board
approved the request of the call committee that
these grades be called. This Is regarded as u
move i'll the right direction. 1t is approved by
the speculative element. who have to do with
t.,e bringing of business TO the Chicago market
also the cash interests.
1T has been suggested before that such q
move be TAKEN and the trade never felt the
need Of taking action to bring buyers to this
market more tn M at present. Under this plan
Il buyer can get what he wants. 1t Is not neces-
sary to change any of the rules for starting this
new departure, and it is expected that in time
separate pits for trading in futures will be
provided, as strong effort will be made to
induce active speculation in all the three grades
of contract wheat as each will stand on its
merits
Liverpool cabled: lowing to the free use of
low-grade Russian and Danubian wheat, British
millers are finding increasing difficulty in
selling bakers grades of flour. At Liverpool
the price officially reduced Is per sack
ESQ pounds) yesterday, but patents are scarce
and in good demand. Good milling wheats are
becoming very and requirements will ne
cessitate larger demand the United States
and Canada
King of Toledo wired that the crop of wheat
in Kansas is 93,000000 bu this year against
q 100000. Condition of growing crop better and
acreage larger
Brosseau had a cable from a personal Aiend
OF his in Argentina saying til eXportable
plus this year will be over 100, 900, 900 bu.