The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-21

Minneapolis Chamber Of Commerce, Sept. 21.-
Minneapolis led Oft again in wheat today, ad-
yancing more than cent from yesterdays close
December sold early to 745s @74Ac, May TO
7SAc. Winnipeg strong on the curb yester-
day after the market closed, and there was the
Inference of something more encouraging In an
export way, which was strengthened by reports
OF an advance Of 1@l4ac IN foreign bids at our
own seaboard markets. More rain TELL last
night. Fargo got hard rain and Comstock
also, while Hillsboro had rain IN the night
and more threatened this morning. The fore
cast was favorable, fair weather being
predicted considerable portion OF the
country, but there has been rain enough IN the
past few days to cause some uneasiness Liver
pool was A@ I'D higher, and Broomhal sent
word of light receipts at the Argentine seaboard
and Of locusts in the interior. Argentine ship
ments were 696 900 bu, good increase over the
300, 900 bu Of last week, but considerably under
the $4,000 Of year ago. Local elevator stocks
are estimated to decrease 100000 bu for the
week, which would bring the total down to
100000 bu, and as receipts here to-day were
only 337 cars against 56S year ago, there ap-
pears no immediate prospect Of an increase. The
light movement in the northwest is still the
main influence for strength. Besides the small
er showing here, Duluth got only Dol cars
against 395, a total for the two markets of
63S against 963 year ago. or 325 cars less
Discussion is still on as to the cause of this
The bulls say there are two reasons-the crop
has been over estimated and the farmers will
not sell. The bears say it is a railroad ques-
ton, that the roads cannot handle the stuff
now but it will come in freely enough later
on. Chicago got 81 against so, Winnipeg
$50 against 279, ST. Louis So 900 bu against ex-
actly the same quantity last year, and Kansas
City 15G, 0CO bu against 141, 900.
The Chicago Daily Trade Bulletin estimates
the crop OF spring wheat Of the three north
western states at 157 900 900 bu milling require
ments Of the three states at $50, ooo Du and
necessary for seed p, 0CO, 0oO bu. 1t says it is
safe to calculate that with low prices for wheat
and good prices for millstuds the millers will
manufacture rather literally. If the mills use
exclusively spring wheat they will readily alb
sorb the aggregate of the three states, ever
should it be greater than this estimate. II
estimates the durum wheat at AZ, 900, 600 bu.
Ames- Brooks Of Duluth have heretofore beer
! uncompromisingly bearish on wheat Telegram
] from! them are now rather bullish. They sal
| farmers not selling freely and foreign mar
IL kets more decidedly interested than for som
J time. Whallon's Chicago wire said that all thu
! morning papers there comment on the broaden
ing out Of the trade in wheat yesterday. Pri
Aavate elevators expect to turn out $500 GOO b.
4 contract before the end Of the month. TIL
deliveries are mostly to Armour, who has it sol
for shipment.
The Fargo Forum says: "Altho not quite S
4 good predicted month six week
/ ago, North Dakota crops destined to max
4 fine showing, and there is no cause for tn
4 cry Of the alarmst pessmist. There vii
n be no great bumper crop averaging 20 to rs b
to the acre all over the state, but those VIII
are watching the progress Of threshing and VIII
II know the conditions say that the farmers ger
Il orally turnout the state have no reason to con
4 plain. Certainly financial conditions nc
II showing any depression would probably
the case were there any danger of u crop shor
II age"
4 Primary receipts were 1910, coo Blu agains
II 1.225,ooO. Clearances wheat and -four, 679, OC
II bushels.
"A The Modern Miller says: Beneficial rair
II have fallen in sections Of east and southeat
III where dry weather has delayed winter whea
n seeding. This work is we'll advanced and Is no
Ell. being carried on as far north as Nebraska Fa
II mers maintain their holding attitude wheat.
II The weather forecast: Minnesota, part
H cloudy tonight, showers in east, fair Saturday
II North Dakota, Nebraska, Iowa. Missouri, .Ka
Il sas and Montana, generally fair tonight and So
Il urday; Illinois and Indiana, fair; Wisconsin
II showers tonight, fair Saturday; lower Mchiga
II showers tonight, Saturday partly cloudy; Soul
III Dakota, fair, cooler.