The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-06
Nothing of Importance in the
News-A General Evening Up
for Over Sunday.
Eighteen Loads Manitoba and
Macaroni Wheat Sold to Go
to Europe.
Local Stocks Now 12,428,847 Blu,
and Still Increasing Every
Day.

Minneapolis Chamber Of Commerce Jan. g.
Not much news of a nature to AFFECT wheat came
to hand today. but the market was weak ana on
decline all thru the session and closing prices
We're near the low points. The Liverpool market
showed a fair degree of strength, but the hold
ers of long stun were afraid to carry II over
Sunday and selling out was the rule. On MONDAY
next the receipts may run heavy enough to al
feet prices, but there is about as good a chance
that they will run lighter as a result OF the re-
cent storms. The wheat, however, Is piling up
here, and while there Is some milling demand
for the cash stuff, a surplus goes into elevators
every day. This is likely to continue until the
Is, 900, 900 bu in store here a year ago IS
passed. In fact, it will require only another
week or two, at the present rate, for the stocks
TO measure up to last year. For the week the in
crease in local elevator stocks was $685. 1l bu,
and the total is now IL, 42S, SAT. For one day,
since making up the table, there is an increase
OF $50, 900 bu. Minneapolis received 1868 cars
Today against 266 a year ago, and Duluth 66
compared with 90. while Chicago had A against
%. Winnipeg received 1856 against GA, and
the south west showed comparisons Of $4,000 bu
and 10000 at st. Louis and Of 1000 and $1,000
at Kansas City.
Export business of IS loads was reported, 10
loads bein gManitoba wheat and s loads maca-
roni. Toronto reported a big lot of wheat within
Nc OF a working price, and every probability
of export business resulting on any further de-
cline.
St. Louis wired that one of the biggest mills
there has sold half as much flour so far this
month as cold all last month. and Kansas City
reported sales or 5O,OUO bu wheat TO Mexico. Ine
emergency duty due to short crops in Mexico has
been extended to June i next. 1t is expected
that Mexico will have to import 5000, 900 bu
wheat.
Primary receipts were es3, 900 bu against 493,
oc0. Clearances $50. 900 bu.
Broomhan cabled that Liverpool wheat was
easy at the opening with values unchanged.
There was some disposition to sell owing tc
weakness in America yesterday. Later the IN
sdertone developed some frmness, owing to re
ports Of continued frosts in Punjah and thu
fact that offerings of La Plata wheat parcel;
had all been withdrawn. March continued un
changed while May showed I'D advance.
Corn was easy with values Ad higher at thu
apentng. There was an improved demand fo
spot and steadier American offerings.
The Commercial West says: THE country ele
%ator stocks are estimated at 20. 600, 900 bu ant
elevator managers say receipts will run smalle
for a time than they have Of late. With tai
milling consumption Of Minneapolis equal to las
year, we expect to see the northwest supply ant
output about balance at the close of the cro]
year next August, not including wheat tina
may be brought in from the outside.
The reports from the southwest as to tn
condition of winter wheat are favorable on tn
whole. especially in Kansas. There are a fey
counties in the extreme west that sufere
somewhat from drought. but as yet there i
nothing to cause worry. With good rains in tn
spring this wheat will undoubtedly come forwar
IN good shape
'Tbere will be a considerable per cent Q
wheat in the northwest carried over at preser
prices; there is g percentage of farmers VIII
will not sell under 81 Or thereabouts."