The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-07
Both May and December Firm
from Start to Finish on
Bull News.
Receipts Still Going Into Duluth
and Minneapolis Falling
Short.
S6s -. 4 ~ .,t,>i 4al.,,
Argentine Shipments Very Light
and Liverpool Gables
IN Higher, ,@a@~

8 Minneapolis Chamber Of Commerce, Dec. L.
Both options moved up together at the opening
today, retaining about the same difference as
appeared at the close yesterday, December wheat
selling to 7sc and May to sO7sc. Bullish items
were numerous. The northwest was anected
principally by gain in receipts at Duluth, tnat
market getting LA against 81, and a, decrease
here, or 1923 against 479, further illustration
of the effect Of holding open navigation until
Dec. IL. This was enough to have started prices
on the upturn,. but it was not all. Argentine
shipped only 100000 bu wheat against 616,OOO
last week. falling of that had some eject IN
Liverpool that sluggish market responding with
the usual hafheartedness and coming 7sd
higher, moving up to Nd higher on later cables.
Slaughter had cable from Buenos Aires raising
the estimate of the exportable surplus Of the
new crop from 100. O00, 900 to ITO, 100000 bu,
but the trade was less interested In what Ar
gentine may have for future shipment than in
what she IS shipping at the present time.
d The Minneapolis elevator stocks will increase
about 425, 900 bu for the week. -. =.
! Receipts at Chicago were % cars against p,
and at Winnipeg LAT against 2b4.
I. The weather operated against quick wire SER
vice and some OF the news ordinarily to be
locked for on Friday was late in coming.
Jorgen Nilsson, who represents the Pillsbury-
Washburn mills at Helsngfors, Finland, Is in
the city and is said to be figuring buying
some 100000 brls hour to go to his market.
Mr.. Nissen says: american -four can be sold
/ in the Russian market today at price of Is
below the Russian price after the freight and
import duty has been paid"
F3 He confirms the reports telling Of the short.
age Of the Russian wheat crop. He estimates
that the crop will be 200, 900, 900 short of last
years crop, which may mean that Russia will
be forced to import wheat a matter of ne
s cessity.
Charles q. Lewis quoted in the Chicago pa
!. psrs, said: II looking for a better wheat
. market, conditions favor it. Flour stocks are
light and the supply Of good milling wheat in
the north, northwest and in Kansas is compare
lively small" 49,.
Primary receipts s27 900 bu against 500 ON
Clearances 29s, 900 blu.
3 The Modern Millers says: reports from mill
sing correspondents covering the principal winter
wheat producing territories show that the aver
age condition of the crop is high and that the
acreage is fully as large as last wear. MANY
correspondents report the condition higher than n
year ago; few say it Is lower. Damage so far
mas been fmmaterial and only by fly; where
drought delayed seeding, this principally in Kan
Esas Nebraska, Missouri and Illinois. The ton
growth of the plant in many localities is small.
out Is healthy, as moisture has been plentiful
since the drought has been broken. The rank
growth Is, strong. Every state has excellent
prospects and the crop is In. fine shape to entor
.Ethe winter: A larger acreage than last year IL
reported In. Missouri, Nebraska, Indiana. Ohio
and probably Kansas; in Tennessee and Tex.s
the average is smaller than of the east being
ieduced 70 to so per cent owing to frequent rains
!nterrupting and delaying farm work when seed
ang should have been progressing"
y Two strong and very important items came
IN Just before the market closed. The first was
the Bradstreet report of clearances for 10
week, showing 4,SO0, 900 bu wheat and four ex.
ported. and indicating that the rate of exnort
Is being maintaiDed. This Is taking away mich
gWnea1. From July to date no less than
o., ooo'ooo bu OF wheat and -four has been ex-
Kansas aa City received 10000 bu today against
Io'ooo, and ST. Louis 27 900 against Ak On6