The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-02
Prices Make a Fair Advance All
Grains Show More Cash
Trade Activity.
Worlds Shipments Moderate, and
Liverpool Inclined to Firm
UP a Bit.
Increase Of 900, 600 Blu in Mime
apolis Stocks for Only
Three Days.

Minneapolis Chamber of Commerce. Jan. r.
The new year opened with business good and
everything looking better in the grain markets.
Wheat moved up early to S61sc for Minneapolis
May, and to SSssc for Chicago May. Liverpool
was S@1ad up and worlds shipments We're
lighter, 94OS 900 bu appearing against II PAS, 900
In the week preceding This was due to drop
ping off OF the Russian movement to LASS, 900
bu, and OF the Danubian shipments to / ,44O, 900,
our country meanwhile shipping the very salts
factory total of 4, 524 900. If We were sure that
exports from America would continue as large
every week from on, there would be little
need for worriment about getting rid of the SUI
plus on side. Or In Canada. Corn exports arc
also running heavy. $3.50. 600 bu appearing for
last week. This Is at the rate Of about 275.O 0O.
600 bu q year. At Kansas City 100000 bu corn
was loaded out and 100000 Blu left Galveston
for Europe. This is good business. Duluth
reported active demand for flax and Toronto
said the foreign buyers were back in the market
for wheat and coarse grains. The quantity afoat
for Europe at 20. 232, 900 blu showed decrease for
the week of 1854 .0OO blu. Valentine has cable
which he showed III Chicago which contradicted
the recent reports Of big stocks and an accumu
lating tendency. and said that stocks are very
light and not much grain is moving into Odessa
Locally there bearishness in the figures
covering local stocks. for the three-day gain is
100000 bu, and at that rate a gain will appear
at the end OF the week, as large or even larger
than that OF last week. The saving feature
was the cash demand, which a little better
with 2Ac under May the basis for No. 1 north
ern Minneapolis received 1872 cars against 524
anl Winnipeg 129 against 100. In Kansas
City the comparison was $4,000 blu and $50, 900
and in st: Louis 900 and $4,000
The visible supply increased by 2,4s4. 600 bu,
making the total now AZ, 951 900.
Clearances 47S,OOG bu.
European stocks In December increased 1,40o.-
oo0 bu against decrease last year Of 12,OOO,-
coo bu.
Broomha1l's foreign crop summary says: Unit
ed Observation-Disclosures Of crop satisfactory. Re-
newed talk of good decrease in acreage.
- # afoc tpry iaS
moderate. Gernany-Snow has fallen. The i'm
perial statistical bureau estimates the crops of
the empire: Wheat, In 1905, 1876 200. 600 bu:
An 1904, 139, 200. 900; in 1908 $780, $40 900; rye,
in 1906 1872 900; In 1904. 267, 2OO,O 900: in
1908. 1854 200, 900; oats. in 1905 47EOOO,OOO in
1904 SOB, COO DOC, OOo in 1908. 81, 90 O0O Russia
Crops look we'll; snow wanted; peasant rising
feared. administration unchanged; stocks
at Sulina, 5000, 900, mostly wheat. Italy and
Spain-Conditions satisfactory. India-Offcial
report from Bombay gives acreage under wheat
as 1.611 900 acres. Broomhal1 questions this:
last year was 511 900 acres and two years ago
$4,000 acres. Condition Of crop fair to good.
: II Primary receipts 1,S46 90 bu against SOL ,OO0.