The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-08
Tho Cables Come Easy and Some
what Lower Our Markets
Hold Firm.
Receipts Increase at Duluth, but
the Minneapolis Run
Holds Low.
Big Millers Cut Futures, Pre-
sumably Against Flour
Sales. ~

Minneapolis Chamber of Commerce. Dec. s.
Wheat was strong again today and traders
\ ing sales We're disappointed. The fact that
cables were of little made it look like a
lower close, but the day ended with strength
fully sustained, and while no material advance
Is shown, the fact that against the end Of the
a week selling the market acted well,
4 encouraging to the bulls, who apparently are
Il out for better things next week and expect
A higher prices unless receipts here increase ma
\ ter1ally. For today the run almost stand
h on with year ago. or 1874 cars against 1888,
\ while the gain was at Duluth, where 1873 cars
4 were received against 1872 Chicago had is
A cars against a. Winnipeg Ia compared with
\ 195, Kansas City 81 coo bu against 900 an1
st. Louis 4'oOo against $4,000: Minneapolis
4 elevator stocks increased only 373, 126 bu for
the week No. northern increased, but No.
4 hard decreased, and the net change In contract
H stocks was only about 5000 bu.
Liverpool steady at the opening, with
II values unchanged. There was some disposition
4 to support the market owing to the late firm
4 ness in America yesterday. Toward the close
\ however, there was realizing induced by
4 the cheaper La Plata offerings and lack OF
4 support, and prices eased M@Nd. Corn was
A steady at the start, with values showing very
4 little change. Later December eased under large
4 tenders on contract and poor spot demand
4 January continued eteady and unchanged.
4, Sroomhan estimates worlds wheat shipments
i for Monday next at about II, 1000, 900 bu, of
n which quantity Europe will take about $780,
4 600 blu. The actual shipments last week were
y 10. 416 600 bu, and those of year ago r. 752-
N WV pus AEIlVdIS u UFcdubtuuS 1uLO the Un1LoV
4 Kingdom during the past week will aggregate
\ about 100000 bu. He predicts that there
Il win be moderate changes In the quantity of
|, this week amount to eos 900 bu against 4sO, 900
h blu LAST week and $4,000 blu q year ago.
h The Inter oceon says: ''There must be some
thing doing in the nour trade that the public
|. is not let in. from the way the Washburn-
Il Crosby interests hav ebought wheat in Mime
kapolis and Chicago in the past three days. Their
buying here has been thru their St. Anthony
Z wall fhr,, hrob
and Minneapolis credits them with buying ], o00,-
600 bu May each day for the last two days.
They have also made heavy purchases in New
York, and have larger holdings there than there
lfs in contract stocks They have been active
an shipping wheat from Duluth. where they
own the greater part Of the stock, and are
shipping d,50o, 900 bu this week to their Buff
falo mill. Take 1t in all, they hold more
tfhe markets"
The Commercial West says: Snow that Dec.
I'll has passed there is feeling that the market
| atmosphere is clearer. Chicago has had its
liquidation, about which there was So much talk
3st, 3,75o,00o blu, has passed into strong hands,,
| go gossip says. Chicago liquidation came before
| the 1st while in the Minneapolis market there
/ was no indication Of liquidation until Dec. 2.
Then everybody had wheat to sell, and the 25 900
bu delivered nearly scared the pit to death. II
there Is anything floor trader despises 1t is the
sight Of the real wheat. 70
There was also on Monday the taking in of
some big spreads between this market and Chi.
cago, selling here and buying there, which helped
to reduce the premium over Chicago to SIC. 1t
has increased again, however, to lie. There is,
I as usual, division of opinion regarding the
7 premium whether it is, under existing condi-
/ lions, legitimate abnormal. 1t seems to de-
pend altogether whether the conditions are
Legitimate otherwise. If local elevator stocks
/ do not increase rapidly, Minneapolis May can
hardly be expected to change its relative position
\ greatly. Yet heavy of receipts would
i have an equalizing effect. !
,3S The more liberal receipts Of wheat encourage
4 the hope that the railroads have at last got
around to grain The congested condition of
North Dakota stations will give them plenty of
material to work for weeks to come even If
they devote all their energies to hauling grain
fIhe only new feature In the grain. movement sit
5uat1on is a better general understanding of the
condition IN North Dakota, and the somewhat in
creased receipts. The general situation remains
Il Sunchanged-a large amount Of grain In country
houses which Is principally owned by the eleya.
Il Tor companies. Yet there is feeling that fine
1 worst is over and that the stuff has really he
4 gun to move'
Primary receipts today, $685. 900 blu: year ago
4 ooo,ooO. Clearances wheat and -four 1872 900 bu
Ag The weather forecast: North Dakota fair
colder. South Dakota, fair, colder; cold wave
SUNDAY, minnesota. sDow tonight and Sunday.
FARMER tonight; colder in west Sunday. Nebrss
Il "a raln or snow; colder Kansas, rain and
II warmer tonight; clearing and colder Sunday
4 eo"a' ram or snow tonight; colder Sunday Mis-
souri, increasing cloudiness; rain tonight. colder
n SUNDAY. Illinois and Indiana, increa sing clouII
4 ness with rain tonight and Sunday: warmer W.T..
s sonsln, ram or snow tonight Sunday; warmer