The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-29
Wheat Goes Dumping Down Until
May Touches 77s4c on
Liquidating Sales.
Holders Who Figured on a Jan
uary Rise and Got in Early,
Let Go.
Receipts Still Light and the News
Generally Rather In
a.....- different.

Minneapolis Chamber of Commerce, Dec. 90
Liquidation was Oh again In wheat from the
opening today and another loss was scored all
around At 7SAc there was the first evidence
of any good support, and it was enough to
check 1t and make little fight around that
point. But it could not be held, and the close
was lower at &@77Bc, with 71Ac touched
1t was the Gnd-of-the-year selling. Some trad
ers had long wheat and they wanted to get cut
and clean up for the year. Others were be-
levers in a January rise in wheat, and instead
of waiting until January to buy 1t had taken
on little In advance on the principle that
it Is we'll to get in early and avoid the rush.
With the market kicking back on them
some got out. They are believers In wheat and
believers in January rise, but: liquidation
seemed to be in the air. In the stock market
and all the speculative commodity markets more
or less selling out for a cleanup of the old
year could be noted, and in wheat 1t was the
same. The bears out and landed a few
blows at the opportune time. In view Of all
the selling, results not serious and the
market held better than might have been ex-
pectcd, all things considered.
increased by 799,190 Blu, bringing the total up to
4.o93, 100. For one day since making up the re-
port the increase is $4,000 bu.
The movement to Minneapolis showed no in
crease and today there We're 36S cars in against
f. 622 year ago. Duluth had 119 against II,
Chicago 90 against "a and Winnipeg 161 COM
pared with 1874. st. Louis received 1900 bu
against $4,000 and Kansas City $4,000 against
$4,000.
Liverpool closed I'd lower.
Primary receipts. $4,000 blu against e48 900;
for the week. 4.s56, 900 against T. 1888, OOO Clear
ances for the day, ga, 900 bu; for the week,
$3.50 600
Liverpool cabled: Wheat quiet, I'd lower
at opening followed by further decline Of
Nd towards the close. Selling resulted from
large offerings prompted by the lower American
cables The undertone was rather steady on
expectation of small worlds Shipments Corn
quiet, unchanged at the opening, but later the
market eased OFF in sympathy with wheat The
undertone showed some trmness as result of
strength in spot and the scarcity of La Plata
offerings. An official Indian report for the
week ending Dec. Is says crops conditions are
generally favorable, but there are some COM
plants from the province of Bengal as a result
OF lack of rain. Indian shipments this week
were 100000 bu Worlds shipments next Mon
fay will be about 1900. 900 bu, with some de-
2rease on passage"
= The weather map showed 1t cloudy in the
snorthwest. rains in southern Nebraska and gen
Neral In Kansas, cloudy elsewhere; temperatures
unchanged.
The northwestern weather: Comstock cloudy
and cold north wind; Grand Forks, cloudy and
warmer, looks like snow; Hilsboro, Cloudy, no
WIND: mild; Fargo. cloudy mild; Larimore part
cloudy strong northwest wind; Winnipeg, part
cloudy northwest wind