The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-13
Wheat raises the price and holds it up.

Minneapolis Chamber Of Commerce, Sept. 49,
Ftrmness ard steadiness ruled the wheat
ket after the opening today. Prices would not
go up. neither would they 90 down. The bulls
figured this to be to their advantage, as indicat
ing strength, but the bears found It equally
encouraging, for it was at best but q slight
ket is really quite neglected by the specula-
tors, and so it is difficult to draw definite con-
illusions as to the bull or bear side As to the
value of wheat commercially, some Of the best
people in the trade argue that the price is low
enough still there Is certainty that 1t will
not go lower. A feature not much thought
about and likely to be important is the move
ment Of durum wheat to market, also the run Of
good wheat into Duluth and the poorer stuff
received here Duluth Is drawing her wheat
from North Dakota and is getting a very salts
oils is getting wheat from the less prosperous
of sections of Minnesota, where yields and
quality poor and the whole Is lowered some
what thereby. Yesterday $40 cars of the Duluth
wheat contained macaroni and in Minneapolis
two days brought In SO and II cars respectively.
This cuts down the spring wheat receipts
siderably. For Minneapolis the decrease in ele
vator stocks for five days is $4,000 bu. Re-
ceipts today were POP against 1856, at
Duluth 467 against 1885, at Chicago 06 against
81. and Winnipeg showed so4 against 1872:
The Prce Current says: 1.-The week was
favorable for corn, and with continued good
weather final results will likely show a yield
above last year. The interior movement of
wheat and oats Is moderate. Fall blowing is
making good progress"
Broomhall cabled Wheat was quiet at the
opening, with values 1ad up, being Influenced
by the steadier American cables, lighter Ameri-
can primary receipts and less favorable Russian
The nearby option eased slightly while
the distant month held steady during the morn
ing. Corn was firm at the opening with values
14d higher Support the result of the
less favorable American weather and better
demand for La Plata cargoes. Following the
opening the market nervous
The Northwestern Afnlers says: volume
Of business done In -four last week was irregular.
Some mills experienced reduced Sales while
others disposed Of the largest quantity of -four
In a long time. The medum-sized mills report
ed quiet trade, tho increasing their sales some
what. In the cases of liberal sales some eastern
bakers appeared to be the buyers, becoming i'm
pressed with the idea that it was good policy
to have part of. their needs covered. There were
prominent smillers who could see no improve
ment in conditions. A few round lots of patent
were sold in United Kingdom markets, but the
business was apparently confined to two or
three mills. Despite the lower basis Of wheat
millers and exporters usually found 1t impossi-
bic to sell for export Even Holland was out
Of the market for clears" 1 ~
Primary receipts $4,000 bu against LOFT, OoO
Cearances 600 bu. -.. 't' -
st, Louis received $1,000 blu against SO, 600,
Kansas City 100000 against 100, 900.
Z !; Argentine shipments for the week 400 900 bu,
last week $4,000, year ago 1,223, 900.
The market advanced near the close and was
very strong There good buying the
outside and prices the curb were even
fraction higher than the close r.