The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-10-08
Market Turns and smites the
Bears Closing Strong and
= Higher. s.
Receipts Not So Overwhelming
as Some Shorts Had Elk
S...se pected. ~ yl
2 ~. fl
Lower Cables Also Fail to De-
press Prices Grain Trade
News.

Minneapolis Chamber Of Commerce. OCT. B.
Against lower cables, larger receipts ana IN
creases in northwestern Stocks wheat hrmeo up
after the opening today, December coming @pacs
M from TIN QlT2%c to 731sc. Shorts who STOOD
over from Saturday in expectation OF 1uttnef oe
cline today were disappointed when they saw
the posting Of 8s1 cars here against an even
1000 a year ago, and they covered their snort
sales when they saw that the price would nor
no under 723ae. After the hardening OF me
market and the recovery to above 7So, tFaoe
turned quiet. The market took on gre eater Nh,
certainty and at II o'clock seemed likely to
move one way the other on the buying or
selling OF any fair quantity. The northwest re-
neapts ON the whole were only 12I cars unoer
Saar ago for the loss here was made up IN
part By an excess at Duluth, which market had
2ss against 1919. Minneapolis stocks also showed
On increase OF 10000 Blu for two days. ana
Duluth showed about the Increase expected Tor
last week. or 952. 024 bu. AT Fort William and
Port Arthur there was an increase TOR the past
week Of 987, e18 but the effect OF this was LOST
by light showing back in the Canadian west
and only sss cars at Winnipeg against st eo1. st;
Louis received $1,000 bu against 1000, and
Kansas City 926 900 against 1886, O0o -,
Liverpool was easy at the start, wheat selling
Md of. Later cables were 1ad off and closing
cables I'd lower. The weekly statistics were
conducive to strength in Liverpool for worlds
shipments were II. 5eS. 600 bu against IL 400 oOo
the week before, and the quantity OF breadstuns
on passage at 27,64e,0OO bu Increased os1, ooo
blu from last week. From our point OF view the
hgures were favorable, since American shipments
! at 4o58.Ooo for the week are holding up at,
rate to take considerable wheat out OF the ,coun-
try II continued for any length of time, and
unfavorable showing decline from tho
64oSoO0 Blu cleared last week. When it Is con-
.eadered, however, that last year in the CORE
spending week we exported less than 1000, 900
/ tu It Is again very favorable. Russia did bet
/ fer, coming up from only 1900, 900 Blu in the
! week before to 9,152, 900 last week.
The visible increased 100000 bu, which
Brings the total Up to 81, 651, 900.
! D Primary receipts were 1,5+1. 900 bu against
! 1,a2e. 900. Clearances, 417OOO bu. ..-.
Ia Lenders 8 Co. Of London, in their letter of
Espt. 81. say regarding oats: There Is still
4 good inquiry from France but Germany is
q seller ana business has been done from this
country"
The weather map shows scattered light show
srs in Canada and parts of the northwest and
along the Mississippi river; generally clear else
where. Temperatures seasonable
g, The weather forecast: North Dakota and Mon.
tana, fair, warmer Tuesday; South Dakota, Ne
braska and Kansas, fair and colder tonight, fall
and warmer tomorrow; Minnesota and Wiscon
sin, rain and colder tonight fair Tuesday; Iowa
fair and colder, Missouri, fair, colder Tuesday
Illinois and Indiana fair and colder except rair
tonight In north, fair Tuesday; lower Michigan
rain and colder tonight, fair Tuesday; upper
Michigan, rain and colder tonight, showers o,
snow furries Tuesday.
The closing Of the -four mills--four small mill.
being closed-had the effect that it often has
and instead of wheat going down it went up
The market was in Oversold condition-tot
Stnany expecting Monday break-and the resul
was that covering followed and the marke
closed strong and higher for the day