The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-27
Prices Hold About Even and
Trade Again Turns Dull
4 and Lifeless.
Receipts Still Under q Year Ago,
Yet Somewhat Better All
Around.
Bradstreet's Worlds Visible
Shows an Increase of
100000 Blu.

Minneapolis Chamber OF Commerce. Nov. a.
All that could be said Of wheat in the first
TWO hours of trading was that it was slightly
easier in Tone 1t offered advantage to the
bull and none to the bear. The volume Of bust
ness was not heavy. Chicago was dun and Min
neapolis would not take the lead. The situation
here seemed to be easing up.a little with refer
ence to the supply This was not shown In the
figures, for the local stocks decreased for three
days by $4,000 bu, AID receipts were still under
last year. Minneapolis had only 297 cars against
A52. or a difference OF 1b5 cars. Duluth ran
over little with SCI against 487. This left
the net difference 1S1 cars. Chicago received
while Kansas City got S7,OJo Blu against 5000
and st. Louis At, 600 bu against 70, ZOO.
Rradstreets report Of the worlds visible
showed an increase of 1900, 900 blu. Only 1,25o.-
last year was 1907, 00O bu. even the gain of
100000 bu was really bullish.
Liverpool closed unchanged to va lower:
at the opening, Influenced by steadier American
cables. Later the disposition to hQuidate in De-
cember and the easier La Plata offerings caused
as result of fair miller demand for con-
tract grades, and small recovery was made.
Trading was dull with the market narrow. Corn
steady, with values slightly higher. There was
9 firm undertone due to the strength in Amer
lica yesterday, higher spot markets and the in
'Greasing demand for both American and La
Plata parcels" -"! L
The weather forecast Illinois and Indiana,
generally fair tonight and Wednesday. slightly
colder tonight; Nebraska, Kansas, Missouri,
lows, North and South Dakota, fair tonight and
Wednesday; Michigan, probably light showers
or snow iurries tonight and Wednesday; Wis
Sonsin, probably snow furries tonight or Wed
nesday. slightly colder southeast tonight; Mime
Gotta, probably light SNOW furr1es tonight. We'd
nesday generally fair; Montana, fair tonight and
Wednesday; warmer tonight
markets are largely affected by the worlds
crops, each Is within considerable range sub
ject to local conditions. The 1904 crop in the
northwest, according to the department of agri-
culture, was 158, 900, 900 bu. The crop Of 1905
H. according to the preliminary estimate, some
175, 900, GOO blu. From the 1906 crop should be
deducted the durum wheat-45, O00, 900 bu-leav-
ing 130, Oo0, 900 TO lao, 900 blu of regular
spring wheat for milling this season against
1853, OO0. 900 blu n 1904, when. on account OF the
short drop, the price averaged we'll above 81
q blu all the crop year.
1.-THE wheat crop Of the northwest in 1903
estimated by the agricultural department at
153,OO0, 900 blu, with no durum to reckon on, and
from Oct. 81 tn emarket advanced In November
ary to 90c an din February to $1.o4, then
ranged from SOC to 81 the remainder Of the
crop season. Then came the short crop Of 1904
and the price rose at one time to about $1.25
in Minneapolis. This 1905 wheat crop indicates
10 OOO, 900 to 100000 900 bu less than the crop
100000 to 100000 bu less than the harvest
Of 1903. That is, with an apparent crop Of
80 0OO 600 to 10, 600 600 blu smaller for milling
than In 1903, prices are 5@1Oc lower than the
average for that crop season, and with less
Inilling wheat than in 1904 the price appears to
be about zoe below the average for that sea-
son."
Primary receipts 1O3sO 900 bu. against 1861
Clearances, $4,000 bu.