The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-10
Wheat still mas no muscle.

Minneapolis Chamber of Commerce, Sept TO-
Wheat started the week with another backward
jump December opening at 691ao and May at
1880. December and May held ut the decline.
but September, after opening at 6Sssc, sold of
to 6Shc. Some traders felt that at Least low
points had been reached and they bought a lit
tie for long account, while the pit shorts came
IN and covered Prices hardened, but the mar
ket still showed doubt and uncertainty and even
while prices showing tendency to react
little opinion was still divided to whether
low points had really been touched The CON-
servattves still argue for &c further decline
before bottom will be struck. Some buying was
noted that looked like investment In a small
way. There are few believers In the value
OF wheat who are willing to take On little,
and woh do not care especially whether 1t goes
down another cent or two so long they can
feel that eventually 1t will sell higher than
the present level. AS to the influences at work
this morning, they were almost entirely bearish.
Traders looked first at receipts and found 4o1
cars here against $50. 2ss against 81 at Duluth
and ~ against e5 at Chicago. Thus, while Min
neapol1s and Chicago ran under last yer Duluth
swelled the total and for the three markets
the combined receipts made 80 cars more than
year ago, or 765 against 715. Winnipeg threw
on her weight Of 23S cars against 80. With this
the weather was good and more fair weather is
predicted for Minnesota and the Dakotas It
mas been long period Of dry weather. favor
sole LOT the movement and those who bought
wheat on the chance of a turn for the worse and
interference with the harvest have been disap-
pointed Liverpool was lower, closing 1a@Md
of. 70
The corn men and likewise traders in wheat
We're anected by message from II. " Jones
and John Inglis. who are travelling together IN
the corn states. The two have covered Ave
states, and have made no estimate as vet hut
their wire said that from what has been seen
lility. ~ 'eens pfooa'
NO such crop Of corn has ever been pro-
duced In America. The government figures of
month ago indicated a crop of 2 III oO0 ooo =
the largest ever. Jones ard oil.
AhVestigat lions, find the promise maintained thru
cut and crop of 1900 100000 bu in sight,
o a. Will De big load for the corn market to
carrs' ana In sentimental way will probably
aIect wheat In some degree sympathet ically.
Inc government report was DELAYED mill .
pm MI
900. Clearances 522. 900 bu NeAS' A'~A"'
,, 81 Louis received $4,000 bu against LOG. OOo
Kansas City $4,000 against 100000.
N 400 noS shipments were 9,778,0OO bu against
Ao'ooo'OoO last year. The quantity aaoat do
creased by 100000 bu. 0
=. Inc Inc Visible increased by $4,000 bu making
1t 3O,16S OOO " "A'As
later Washington wire said the government
report on grain would be issued TODAY at i
o'clock pm. "' a.
Inc forecast says frost is probable tonight in
me northWestern states, including western Min
nesota. Minnesota-Fair: prohahle noht 100.
west; fair cooler. North and south Dakota~
Light 1rost; fair, cooler. Iowa-Fair west.
showers this afternoon evening In east coo1or
norm mort snd west Tuesday. Nebraska-Fa1r, cooler
tonight; light frost west. Kansas-Fair cooler
north and west. Illinos-Showers this after
noon or tonight in north and central parts: fair
south; Tuesday fair and cooler. Indiana-Show
ers north, fair south. cooler north Lower Mich
igan-showers tonight and Tuesday; cooler Tues
gay west and north. Observation-Disclosures and
cooler this afternoon tonight; Tuesday fair
and cooler. "'A
letter received here from Hamburg dated
Aug. Is, says there will be no business from
me United States this year in OATS as the
German crop Is too big and good