The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-27
B.
Wheat Does Better and Livens
UP a Little liverpool
# Shows No Weakness
Receipts Here and at Duluth Run
de- Light, but Local Stocks
#~""- Increasing. .t.~
Flour Inquiry from Abroad, but
Not Much Foreign
Business.

MINNEAPOLIS Chamber of Commerce, Dec. 81
Opening this morning after the long holiday
the Liverpool wheat market showed no sign OF
weakness but held steady at prices only slightly
changed from Saturday last. This was encouf-
aging to the bulls. who had been doing business
for several days without the foreign guide and
were afraid that weakness might show abroad
upon resumption of business, especially since
Liveralol is usually affected by the conditions
in Argentina and the reports from that country
during the holiday period in Liverpool have been
rather bearish. Nothing Of weakening nature
and the local market was as much upon its
bottom rs ever. About the only thing here
to encourage q bear the increase in local
elevator stocks, which for tive days ESQ.,,
GUO bu. Flour shipments down to 14,770
brlS, but this was only reflection of the closing
down at Christmas time and was expected and
fully discounted. AS TO the wheat coming In the
posted figures showed 800 here against 605
and at Duluth 129 against 39s, and reports from
. the country where recent weather has not been
such to facilitate the movement, make it seem
probable that today's comparisons or something
III about the same proportion, will stand for
time yet. Chicago received 119 cars against
81. Kansas City had 1000 BIZ compared with
$4,000 and st. Louis received $1,000 against
So. 900.
Bro9rnhalI cabled Wheat steady at the open
ing with values unchanged. Later prices gained
I'D with dull trade. The undertone, however,
was steady as result of the better American
cables yesterday, light worlds shipments and the
trmncss of La Plata offerings. Corn was steady
with values unchanged. There was firm I'M
and the very light offerings of La Plata"
Rroomhall cahed that there heavy frosts
BrComhal aslo cabled that there are heavy frosts
reported in Rumanta, but there is a thick COW
erng of
Bradstreets showed decrease in the worlds
viSih" of $500, 900 bu. A year ago it de-
crra >cd III 900 bu.
Primary receipts 93S, 900 bu against $50, 900.
The Inter Ocean says: ALI adv1ees from the
west and southwest yesterday Indicated q good
movement Of wheat and corn. Elevator people
have made large purchases of wheat west Of the
Missouri river the past few days one house pick
Ing UP 100000 bu. Numerous reports from Mis-
souri, were on the market and told Of an increas-
inG movement farms and elevat tors both of
wheat and corn. Nebraska houses sold corn
heavily in the market here for May delivery
They reported increased offerings from the farm
erS in the west, of Il scarcity of cars and
light southern demad. The latter, it Is claimed
will force. larger quantity of Nebraska corn to
the Chicago market.
The weather forecast: North Dakota, fair
and warmer today, Friday snow and warmer;
south Dakota, snow, warmer; Minnesota snow
Friday. higher temperatures; Iowa. snow tonight
and Friday, warmer, Friday, colder tonight; Mis-
souri,, rain tonight north, Friday in north
colder; lower Michigan, snow, decidedly cold
er; Illinois and Indiana, rain south, snow north
tonight and Friday, colder tonight