The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-10-09
Snow Makes the Crop $4,000, 900
Blu, or Some 81, 100000 Blu
More Than Jones.
Receipts Northwest Increase,
Altho Winnipeg Gets a Very
Small Run. o.. -
A Market Dull but Apparently
Firm Against Bear
Pressure. - ~

Minneapolis Chamber of Commerce, Oct D.
Winnipeg sent down a bullish report today
to help the price of wheat, for there were only
691 cars received in the western Canada market
while year ago the corresponding date 1,Ooo
cars were In On our own side of the line there
was an increase of 65 cars, SS5 against $50,
Minneapolis scoring loss, with only 2S3 cars
against $3.50, but Duluth wiping it out with 667
against 400. The cash demand was little bet
ter comparatively, the millers showing more
disposition to come In tho standing out against
any efforts to raise premiums Some minor
items Of Strengthening nature came along, as
the discovery that receipts are really consid-
erably lighter in the northwest than the posted
figures would indicate, this due to duplication OF
receipts. One Minneapolis firm had 100 cars
durum wheat within week, which afterward
went to Duluth, and SO appeared twice In re-
ceipts. Portland, Ore, wired that west coast
millers are doing business with the Orient and
are selling four to China also to Russia Gables
were higher, Paris 35@11sc up and Liverpool
h@%d higher at the close :,, OF the Liverpool pool
at the opening with values SD higher, being In
fuenced by the steadier cables from America.
Shorts covered some and the market appeared
oversold. Toward midday a slightly easier tone
developed in the nearby option with a loss Of
I'D owing to the disappointing spot demand.
Corn steady with values 1sd higher. The
nearby option gained additional bd, while
the distant month unchanged. The steadier
cables from America and less pressure Of 4 {
parcels prompted support ~t
Chicago received rs cars against 65. Kansas
City had 79, 900 bu against 93, O0O and st. Louis
50, 600 against 80, 900.
Bradstreet's report Of an increase Of 100000
blu in the worlds visible supply looked big in
itself, but this Is the season for increases
and last year at this time there IN
crease Of e,M5, 900 blu. the report really
strengthening 20 the market
The manager Of the Russell Miller mill at
Grand Forks says they having trouble get
ting enough wheat to grind. They still main
tain that there IS lots of wheat, but the short
age Of cars makes 1t nip and tuck to keep
going.
New Rockford, N. D., wired Lewis, 'rrhe
farmers elevator Is using big bin for the
storing Of wheat these days. 1t Is the prairie
east Of the Dakota elevator. and is bounded by
a barbwire fence and the heavens and has
great capacity. All the elevators full to
the peak, witch accounts for the big pile Of
wheat which has been put the ground"
Fessenden, N. D., wired: "All of the ele-
vators have turned away the farmers with their
grain account Of their bins and fathouses
being full to the shingles Thus far only about
point this fall and If the car famine continues
much longer the farmers in this community will
be greatly handicapped in finding market for
their grain -- ....
New York wired: 'Two loads No. red,
three Of durum sold for export from here; ten
loads various kinds from outports. All we hear
Of today
j. A. Patten wired: IT am bull on wheat
but perhaps 1t would be wise not to attempt
to do much in 1t until after Dec. l. We have
big stock of red winter wheat here, and it will
be delivered out in December and cause consid-
cradle liquidation in that month. 1 am still
long some wheat, however, which I intend to
hold"
The weather forecast: Illinois and Indiana,
fair tonight and Wednesday; cooler Missouri,
fair tonight and Wednesday; colder. Lower
Michigan partly cloudy tonight and Wednesday;
colder east Wisconsin, fair tonight and Wednes-
day. except snow Lake Superior. Mime
sofa. fair tonight and Wednesday; rising tenn.
perature Wednesday. Iowa, fair tonight and
Wednesday; cooler in east North and South
Dakota, fsir tonight and Wednesday; warmer.
Nebraska and Kansas, fair tonight and Wednes.
day. warmer.
Primary receipts 1.2O3,Ooo bu against 1885,.
600. Cearances wheat and -four 415,0OO bu.
in which appeared $4,000 Blu as wheat and
5000 brls -four.
Snow issued his report on the crop of the
United States. He says there is crop Of 49,.
100000 bu. Jones' figures were 81. oOO, 900 bu
less or 745, 900, 900. Snow makes winter wheat
900. 600, 900 bu and spring $4,000 900.
Minneapolis elevator stocks increased zoe, O0t
blu for three days.
The bears made an effort near the close tt
break the market. They brought out figures K
show that 1t ought to 20 down. The fact tina
worlds stocks Of wheat contain 1872, 900, 900 BIZ
against 100. 100000 a year ago was one item
used. There was not much effect upon thu
market. ,.-'.