The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-17
December Ends the Week Above
the TIC Level and in Good
Demand.
Situation Is Still Bullish with
Reference to the Local
Supply.
Liverpool Drags Behind, Which Is
the One Thing Most
Bearish. 49,.

Minneapolis Chamber Of Commerce, Nov. H.
Nothing especially important developed in wheat
thru the early session.. and December, easing
back little for lack Of trade, held just above
77c, while May sold under SOc but neither
option could be said to be weak. After an hour
there was some increase in small-lot business,
but the market showed little effect. The pres
ence on the floor of number of visitors from
the country prompted the bulls to enthusiasm.
and the report went out by wire that the north
west farmers were coming into town and buying
wheat. The lower railroad rates incident to- the
football game accounted for their presence. Tho
foreign news brought no strength, Liverpool COM
ing unbalanced to va lower. The northwest e;
situation showed up strong as ever. Only 21s
cars were received here against 422 year ago,
and Duluth got only 235 against 1894. Chicago
received 50 against 1913, Winnipeg 81 against
$50. st. Louis got $4,000 bu against $1,000,
Kansas City So, 600 bu against 900. The local
elevator stocks decreased by e4,7S6 blu for the
official week. or more than expected. For one
Gay since there Is an increase OF IL, 600 bu.
The market showed much strength, consider
Eng the fact that 1t Saturday, and as a.
great many holders Of long wheat would nat
urally want their profits over Sunday, 1t was
TO be expected that there would be realizing
sales. This sort OF selling had little effect,
however, as there was buyer for every lot
offered. Az to next week, there Is again the
to market, but the trade has faced this for so
aong that predictions Of large receipts now meet
with little credit. The one discouragtng thing
Is the failure Of Liverpool to enthuse, but this
Is characteristic. Liverpool is naturally 4 bear.
Broomhau estimates worlds wheat shipments
ut 1O,AOO, 900 bu. There will be some decrease
On the quantity Of breadstufrs passage.
Weather map showed fair to heavy SHOWS In
Manitoba, the Dakotas and Minnesota. light scat
Tered SHOWS in Iowa and Nebraska, rains In I'LL
|! hois and Ohio valley. Temperatures failing rap
IDLY In northwest
The forecast Is for continued unsettled weather
over the north central states and the northwest,
showers in the western lake region and probable
Z Rropy
sns point and should continue '''o the north
|. Primary receipts 747, 900 Du against 1,11o,ooo.
Clearances 180. 900 bu.
i Tho Commercial West says: "As yet there
b no indication Of any easing up in the car
situation. Every week some Chamber OF Com
nerce men. elevator or commission. take run
into North Dakota to If it is all true. On
returning they take another run-to the general
pffices Of the railroads. AS yet no grain man
has como away from the railroad Offices with
emile on his face, nor even with promise to
MADDEN his heart.
1.-THE Great Northern and the Northern Pacific
are stin using all their locomotives in their
eastward business hauling livestock and lumber.
1t is expected that the livestock business will
keep up until cold weather. This, on tho
open prairies of North Dakota should certainly
not be later than Dec 1. Gold weather. usually
comes along with the close Of navigation.
Zone must be rather familiar with North
Dakota and have map before him to realize
how far west and how rapidly the grain line
has moved. The last four years-wet seasons
has moved it 100 miles, until wheat is largely
raised clear to the Montana line.
'Only few years ago Morton county, on the
Northern Pacific, was practically the western
limit Of wheat raising in North Dakota. On
the Great Northern, everything west of Minot
was regarded cattle country This year
good crops of wheat and hax were raised in wes-
term Ward county and in Williams county on
the Montana line. Among those who are re-
ceivtng wheat from the extreme western part Of
North Dakota McHugh, Christensen G. Co.
This firm reports an increased crop this year In
this locality; in fact some of their shippers ex-
press surprise at the amount of stun being re-
ceived. =. $50 -.
While branch roads are being built, rail lay
Ing has not, during the last four years, kept
within many miles of the dust of the settlers
rushing toward the lands. Grain is some
times hauled fifty miles to market, out towards
the Montana line.' -..-~'