The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-21
december and May Swing Up to
New High Point and Down
Again.
Receipts Here Lighter Than Ever
and Ako Very Light in 4
Duluth.
Liverpool Holds Back and Chi
cago Also Drags Behind
Minneapolis.

Minneapolis Chamber Of Commerce, Nov. IL
Il wheat broadened out today and fluctuations
covered r a wider range. December was up early
10 1875 @791ac, then down to 7S1a @TSMc, while
May sold to 81 Nc and back to SoAc. The
Feature was the strength here and the indiner-
lence6 III Chicago. In that market December held
under 14c and May around roc, and 1t was
hard to bull it. Here it was very different.
Only A6 cars wheat appeared against 617 a
year ago, and only 264 in Duluth against 1857.
winnipeg received only So against AIS. 1t was
the most sensational northwest comparison yet
kposted. Winnipeg said the storms were holding
back. the movement. and the usual long line Of
Explanations Forthcoming about the light
hreceipts here, but the trade cares little for
kthese things now. What the bears want to
see is some wheat, and they don't care how
COR why it Is so long as 1t Is There Is nothing
looming and local stocks are drawn down again
sby $4,000 blu for four days. Chicago got %
Gears against IA, and st. Louis only $4,000 bu
with $4,000 Blu against $4,000. The one big
drag upon the bulls is Liverpool That market
stands practically unmoved. Today the cables
were soft Broomhall cabled that there was a
quiet opening in wheat, with values unchanged.
The undertone was steady, Influenced BY the
5reactionary tendency. in American values at the
close Trading, however. was dull and the
market lacked support, and, with the further
disposition the part Of holders to realize
/ in December, this option lost Ad and March hd
toward midday. In corn there was q steady
undertone to the market with values unchanged
on the firmer American cables and In sympathy
with the strength in spot caused by light offer
ings. .-
Primary receipts S62, 900 bu against ,499, 900.
Clearances 313, 900 bu.
Whallons Omaha man wired: II am told
Omaha elevator people buying wheat here
yesterday and today against sales OF cash wheat
( to the northwestern mills"
Noyes wired Piper: 1.-The weather is likely
to be the most important factor in all the grain
markets today. 1t is showing and colder north
4 west and southwest. Thru this state and the
Ohio valley rains are very heavy. In wheat
1 yesterday there further liquidation, but
without much effect on prices. The northwest
4 receipts will not increase to any extent and it
4 loo ks as if, those markets would continue to
lead any advance. The market should
receive strong impetus on the very soft
weather, which is certain to check movement.
Receipts of both corn and oats are light today"
typographical error in yesterdays J r
made Duluth wheat receipts I, 900, 900 above
j last year. Wheat receipts at Duluth from Sept.
to date were % 500 900. Other grains II, OOO.-
0o0.3 Corresponding period last year, wheat TO-
I 100000, other grains 1S lac, 900.
The South Australia Register, leading paper,
published in Adelaide, estimates wheat crop this
year 10,760,000 bu against last years official
I figures of 2O,143,O 900 and 12,O23,OO DIN 1904.
Special Russian news says: 1.-The crop out
look in the southern belt has been maintained.
In the southwest the outlook is uncertain and
partially so in the east. Snow has fallen in
!; the south and central districts. Arrivals gen.
orally are moderate and the market frmer,
with more inquiry"
/ Daggetts New York man wired: "Argen-
1 tine has commenced selling, but only small
parcel OF Bahia Blanca 63-pound wheat for Feb
ruary and March shipment at equal to about SIC
c f London
The forecast: Illinois, threa tening with rain:
4 Indiana, threatening with rain or snow; Mis-
I souri,, generally fair, slightly colder; Wiscon-
sin, rain or snow, colder; Minnesota, partly
cloudy tonight and Thursday with snow; Iowa,
partly cloudy and colder tonight, with snow in
east and central portion. Thursday fair; North
and South Dakota and Nebraska, generally fair
tonight and Thursday; Kansas, generally fan
tonight and Thursday, warmer in west portion
tonight; Montana, probably tonight Or
Thursday.