The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-04
Wheat Cables Come 81 to 11sd|
Higher, but American Mar
kets Sell Lower. ,4.s-.-
New Wheat Beginning to Arrive
More Freely at Minneapolis
and Winnipeg.
Local Stocks Still Decreasing and
the Visible Shows a
Decrease. :'.**

Minneapolis Chamber Of Commerce, Sept. A.
After holiday since Saturday last the grain
market opened today to find that Liverpool had
been doing considerable business in the mean
time on rising market, and that cables were
up by " Q13 sd. Some cargoes of Russian wheat
arriving in England for delivery on contract were
rejected because the grain was weayily. Rus
Sian shipments of wheat for the week were also
smaller by nearly 1000. 600 bu than In the week
preceding. and there decrease shown In
the quantity Of breadstuffs on ocean passage.
Naturally Liverpool was stronger and ad-
vance in our market was natural expectation,
but the contrariness Of wheat again illus
trated. The market did indeed advance little.
but 1t fell off again and after an hour of
trading all the advantage had been lost. There
was not enough buying to hold the market. The
idea OF q big crop and heavy movement of
new wheat to come still maintains to the ex-
tent that spectators are afraid to do much
As soon as the bears saw that the price did
not rise much. they brought out all their am
munition and succeeded in getting it down to
below Saturdays level. The fair weather over
Sunday and the prediction for more of it was
bearish summary taken from the Wall
Street Journal and showing European require
ments Of only 125, 900 900 bu quoted. Jack
New York and his report that he could find
export business, and that wheat from in
terror Ohio Indiana and Illinois is being offered
there at prices cheaper than Chicago prices,
WAS sent out for general effect.
To IL O'Clock the count showed 1913 cars Of
now wheat received here. The full comparison
for the run over the Sunday and Monday holt
days 225 cars against S3S for the correspon-
ding period Of last year. There was a sprink-
ling Of damp wheat in the new stuff. repre-
senting principally shipments from Minnesota
points and other localities where rains at har-
vest time dampened the grain Farmers are
naturally quick to market this moist grain, for
they do not want the risk Of holding 1t. The
grading, in consequence of the presence Of this
damp stuff, was little lower on the whole
than expected, and was probably not fair
indication Of the quality Of the crop, which,
from all accounts. averages high despite the
bad spots here and there. Three graded
No. ! hard, 2S No. 1 northern, 16 No. 2, %
No. 8, 10 were about equal to a No. grade,
and IS were in the rejected grade class.
In Winnipeg there were total receipts of 225
against Al, and the early reports said that
1s2 cars contained new wheat There We're IL
No. hard, 100 No. 1 northern, "a No. 2
northern and 40 rejected or lower.
New wheat sold here at s4@4c over the OPP
ton for No. northern and 2@9c for
No. 2 while No. brought September price to
lie over. There was satisfactory demand for the
good lots.
following: Sioux Falls-Favorable outlook un-
changed Luverne, Minn.-Corn fine, two weeks
more good weather will put it out Of danger.
viborg, 8. D.-Oats running about 80 bu; corn
was never better. Parker, 8. D.-Corn in this
section Will be made inside of ten days If this
weather continues; oats threshing IS to 80 bu
per acre. Lamberton, Misunderstanding pro-
crossing slowly; wheat returns run to - Blu
very spotty, some localities running rs to IS
bu per acre while others run to Is; oats run
ming from Is to 25 per cent less than expected
a few weeks ago; corn doing WELL Winnipeg
Weather fine Morris, Misunderstanding returns
show wheat going from to Is bu per acre of
poor grade. Valley City, N. D.-Threshing un-
der full swing; yields somewhat under expec-
tations. misunderstanding about COM
pleted; threshing general; yields very disap-
pointing; best reported was IL bu and running
as low as bu. Fargo-Harvesting completed;
threshing general; yield of wheat and oats dis
appointing; wheat running as low as and 8
blu per acre.
Receipts at other markets with comparisons
were: Duluth, p cars and 20; Chicago. 1872
and III; st. Louis 124. 900 bu and 220, 900; Kan
sas City, 545, 600 and SS1 900.
Minneapolis elevator stocks have decreased
$50 900 blu for three days.
The visible decreased 1,175, 900 bu, bringing
the total down to 80, O53, 900 bu.
Clearances, 1924 900 blu wheat and flour, were
for three days. Primary receipts, 1851 200 bu
against 2, s95, 900 last year.