The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-10-20
December Sells Down to 731l &c and
May to 771so, Both Clos
ing Weak.
Bulls Find Advantages in the
Weather and Continued
Light Receipts.
But Lower Gables and General
Dizziness Weaken the I.
Market.

Minneapolis Chamber Of Commerce, Oct. 90
Wheat found new sticking point early today,
half cent lower down. For several days the
price had held around 74c for December vary
Ing only slightly either way. This morning the
same thing noticeable around I3se. The
bulls had the better Of it in rainy weather, a
forecast for rains or snow and colder weather
tonight and the suggestion of period ahead
less favorable for the movement The move
ment of the day was also with them. for Mime
apolis received only $50 cars against ooS, ana
tho Duluth ran over with 1854 against 265, there
. was still 20 cars less in the two markets. The
tncreas. In local stocks for one day was only
10000 Blu. which was another favorable showing
for holders. altho for the week the elevators
made a liberal increase-the lighter movement
considered-and total stocks We're posted as
313, 7SS bu larger than on Saturday last. outside
postings likewise in favor of the price,
for Chicago got only Al cars against l4l and
Winnipeg 365 against Ala. st. Louis received
80 900 bu against "A, 900, Kansas City 231 900 bu
against 100000.
The bears had the advantage in the foreign
news and the broader view of the domestic
situation for general advices of conditions I'M
changed and markets dragging. Liverpool was
1ad- lower. India shipped the rather large total
of 900 bu wheat for the week, and Australia
came in with 10000 bu. Broomhall estimates
that the worlds wheat shipments for Monday
will be about 100000 bu, Of which Europe
will take about II, 200, 600. The actual ship
ments last week were 600 bu, ana those
of a year ago 12,O16OO0 Arrivals OF breadstuhs
into the United Kingdom during the past week
will aggregate about $500, 900 bu He predicts
that there will be a fair increase IN the guam
tity of breadstuffs passage. AS to the
Liverpool market Broomhall cabled that wheat
was easy at the opening, with values IA lower
followed by further decline Of Va. Selling
was the result OF the weaker American cables
snd increased bank rate. Further pressure re-
suited from the larger and cheaper Argentine
offerings and predictions of larger Russian
shipments. The undertone was easy. Corn was
easy With values I'D lower, IN sympathy with
the weakness wheat. Trading continued dull
with the undertone steady and values unchanged.
The weather forecast reads follows: I'LL
nois, increasing cloudiness, with showers Sunday
and in west tonight; warmer in west. Indiana,
fair tonight; Sunday showers. Lower Michigan,
fair tonight; Sunday increasing cloudiness> Wis.
ccnsin, increasing clOudinesS with showers Sun
day. Minnesota, rain tonight and
Sunday; cooler in south and west. Iowa, rain
tonight and Sunday; warmer IN east. North Da'
kota threatening tonight, snow and colder.
South Dakota, rain, turning to snow and colder
tonight and Sunday. Nebraska, rain tonight,
turning to snow Sunday; colder.
Cash demand BETTER No. 1 northern a
&c December No. at lie over. Chicago
reported bids No. red winter better that
yesterday. New York millers were after the
red winter in fair quantities and were bidding
he under December. A sale was made yester
day of $1,000 bu at 1Ac under December.
Tie Modern Miller is advised that Mexico Will
in all probability import about 100000 b,
wheat owing to the failure of the Mexican
wheat crop this year. 1t is expected that thu
import duty will be temporarily suspended b.
JAM /. Soft winter wheat will be called for
Mexican millers and bakers were not satisfied
with hard winter wheat that imported dur
ing the last suspension of duty.
Clearances today of wheat aud flour, 500, 00
bu. Primary receipts, 1,GsG,00O bu agains
1,1i4.OuO.
- The market fell off again near the close, De
cenbcr and May going to 1889 and 771Ac, bot
closing weak at low points.