The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-10-25
Prices Rise a Little Only to Fall
Back Again Near the
Close.
One Canadian Miller Reports a
Very Satisfactory Business
in Flour. -n
Two Reports from Argentine Gov
ering New Crop Prospects
to Date.

Ninneo nolis Chamber of Commerce, Oct. 25.-
Wheat made no move OF Importance Tor nan
the session, covering only the narrow range
from 727sc to 1850 for December. 1t looked
as tho the market had settled around TIC, as
1t did while ago around TAG. Trade was not
heavy enough to cause wide changes. lreys
was buyer at time and strengthened the
market to 1850 but it was off again short
w. Better weather northwest and an easy
close. in Liverpool at A@ssd lower made the
bears willing to stand any short wheat
they may have had out, and 1t was nara 10
force covering. The posted figures were as
favorable as ever for the bulls, but the trade
has grown so used to seeing bullish post1ngs
and no response from the market that 1t Is
now considered quite as matter OF course. In
Minneapolis there were only 2oI cars against
$50 cars and in Duluth 221 against 223 Chi
cago received 81 cars, against 80; st. Louis
II 900 bu against 80. 900; Kansas City $4,000
against 100, 900. and Winnipeg 4o7 cars against
342.
minneapolis elevator stocks increased 5000
bu for five days
The Price Current says husking and
gathering is progressing favorably. Dry wealth.
er is promoting the merchantable condition of
corn. Some complaint is heard of rot In
Illinois; elsewhere the condition Is good Grow
ing wheat makes an excellent appearance
Farm work is restricting interior offerings.
Bids for new unsatisfactory In ILL
nos and in some localities elsewhere.
The forecast Is follows: Illinois, In
diana and Missouri, generally fair tonight
and Friday. warmer Friday; Michigan, partly
Minnesota. partly cloudy tonight and Friday,
rising temperatures; North and South Dakota
and Nebraska. generally fair tonight and Fri
day, warmer tonight; Montana, partly cloudy
tonight and Friday, with probably rain in
west and north.
Poehler says: The heavy fall of moisture
turnout the northwest will cause light farmers
deliveries for the next days. This, how
ever, will not affect local receipts as most
country elevators full and in many in
stances closed owing to the car famine. At
this time of the year local mills are usually
busy and running night and day. At present
they are turning out barely average ont
put. This itself is not significant IL
might anDear for the reason that flour buyers
are not as usual stocking up heavily at this
time of the year. but instead following a
hand to mouth policy which in turn indi-
Gates that they will be in the market right
along in the future for fair quantities Of
-four, and that instead of dead dull flour
market after Dec. Is: has usually been
the in past years. there will be fairly
active market. with but little shutting down
the .art Of the mills
Wrenn seller OF wheat in Chicago.
and it the report that it was Shearson's
wheat Valentine bought wheat.
Primary receipts, 1.o21 600 bu, against 1,245,-
600 bu.
Clearances 6A7 900 bu, including 5000 brls
Of -four.
Cash demand here was better than yester.
day. No l northern selling at SIC De
cemher. No at 1h02c
New York cleared 600 bu today, of which
250,G20 hu YVES drum for Marseilles.
Argentine shipments for the week will be
about 100000 bu.
4 large Canadian miller writes from Win
nipeg under date Of Oct %: 1--WE may say
# is very long time since have ha(
such steady and large ,!ersnd for flour
output being booked ahead for some
considerable time, and the is true to
very large extent of our competitors thruou
Canada. Deliveries are quite large and have
rather been forced this season on account Of
20 weather 10
much better off for considerable rain. tn,
land is extremely dry, the results of which
will only be apparent, of course, on the mex
years crop"
Kneeland of Chicago had the following toda,
from Buencs Aires ''The weather has bee,
all that could have been asked for, and excep
for the menacng attitude of the locusts thing
could be said to be in frst-rate shape, AM
the government locust commission is maxim,
some Roadway in the determination of thi
pest The sowing of wheat and linseed wa
much delayed this year by drought, but re
cent rains have improved the situation an
the area sown with wheat and linseed vii
show an increase Of from to per gent owe
last year. Land which could not be isown be
cause OF dry weather is reserved for corr
and an increase OF from 10 to - per cent i
this cereal is expected. The wheat area i
estimated at 14.s2o0oO acres against 1884
600 acres in 1905. and the corn area at 741O
T.. 600 against 5,643,ooo acres. The re
duced exports of wheat during the presen
month are not ncica tive by any Of tn
visible supply. it being generally believed tina
large quantities vet to come out and ar
only being held for turn in the marke
This attitude of holding on to the last mir
ute has turned out probably in the pa:
that more and more Of them are taking to
each year.
NJ. Danvser, Broomhall's Argentine agent
cabled that the locusts still threatening tt
crops in the northern and central districts. Som
measures have been taken to destroy the i,
sect, but they are ineffective. Locusts hav
appeared in the south and are threatening dan
age to the wheat crop. Rain did little good
r. Buenos Aries and moisture is needed
Santa Fe.