The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-15
Wheat walks the line without q tumble.

Rains In the Canadian northwest and In spring
wheat country on the American side of the line,
coupled with receipts here of only 292 cars COM
pared with GIT year ago. held wheat strong
after the opening today. Some disappointment
Liverpool market, cables coming only Nd higher.
Thus the double action Of yesterdays principal
influence was seen, for while Bradstreets re-
port Of about 5000, 900 bu in American exports
for the week helped strengthen prices here
this same thing was bearish abroad for Liver
POOL could see more stun moving her way and
80 would not get very bullish: The total com.
par1son for the northwest was not nearly 30
bearish as the Minneapolis movement alone
for while there were 22B cars less received here
than last year, Duluth got Ill compared with
266, or 145 more, bringing the shortage down
to 80 cars, which at once bsoane an excess Of
IS cars II Winnipeg were included, for that
market over by 1855 cars, with receipts of
367 against 2o2. Hence If one looked at the
Minneapolis movement, and considered also the
decrease in local stocks Of 71e, e25 bu for the
week, which brings the total down to 1902, 1872
bu, and the further decrease Of 10000 bu for
one day since making up the report, 1t seemed
gut the total
year ago, there was nothing 50 very bullish
about 1t. Chicago got 50 cars against 40, st.
Louis o $1,000 bu against 1o1 900, Kansas City
251.00O bu against 10000 bu.
The cash market. was in good condition.
mn ms S,1G the the Mar IT kg all
&c over for No. northern. 80 - g..
Several weeks ago the Duluth Commercial
Record in commenting on the probable Euro
pean demand for durum wheat said:-; 1.-THE
unknown factor is Russia and that ''the
price will depend largely on the amount Of this
wheat shipped from that country"
Some light is thrown on that matter by
P grain al the and slipping house
at is very difficult to say what ITALY and
southern France will require of durum We do
not believe any statistics as to how much
they use, but we can safely say that Russia
{ n
the wet weather has damaged quality and con-
ditions. We should imagine that she will ship
the opening Of navigation next spring. We u arr
derstand the hard wheat crops Of Italy and
southern Spain have been poor and both coun-
tries have already bought moderate quantities.
Our Information Is that they will take as much
and probably moro than last season. Spain has
raised good crop, but will probably be buy
er Tor late autumn and winter. Our best opin-
ion is that Europe might take 100000 to
2,6o0, 1000 quarters Il the quality is good but we
do not believe we could take more than 8, Ooo 900
bu, even If prices are low. II your crop reaches
the estimate Of 100000 quarters, then your
home mtllers must come to the rescue"
Primary receipts. LOSS. 900 bu, against ese 600
Blu. Clearances, 742, 900 bu.
Broomhall cables: "Wheat was steady at the
opening with values unchanged Trading was
dull with the market narrow. The nearby CD.
lions steadied and while the distant months
eased of 1sd, the undertone was easy, due to
the heavy American shipments and the bearish
with
undertone was steady in sympathy with the
strength IN La Plata cargoes"
The Bulletin des Halles estimates the French
wheat crop this year at S42 o0o, 900 bu, the nat
ura1 weight 62S per bu, against 800, 900, 900
bu last year and natural weight Of GIG pounds
per bushel. ~. =
Broomhall estimates that the worlds vheat
shipments for Monday next will be about 10, 400
900 bu. Of which quantity Europe will take
about 9,20o, 900 bu. The actual shipments last
12,644,000 bu. Arrivals Of breadstuffs into the
United Kingdom during the past week will ar
gregate about 4. 400, 900 bu. Broonhall predicts
that there will be moderate changes in the
quantity Of breadstuffs on passage. ....I
The weather map showed: . Canadian North.
west-Temperatures az to 90 above; cloudy;
Q gu raining, 22s; Swift Current, rain-
Edmonton raining, Is; Primo. Albert atnSI s. 'S''
{ Northwest-Temperatur A to 60 above.
cloudy. Williston, raining, ~; Devils Lake
80; Bismarck, .8s; Moorhead "a; Duluth, rain
anf; 81 81 St. Paul. '1o' Huron %; Rapid
West-Temperatures A to 6s above: generally
cloudy. Valentine, 49, Omaha, .24; Sioux
City, 80; Des Moines, 10; Charles City, rain
Southwest-Te "a to IA. nar+1v
cloudy. Dodge City, 80; Wichita, "a; Kan
sas City, 30; Oklahoma City, .o4; Concordia,
Ohio valley-Temperature 80 to go above
The forecast: Illinois-Showers and warmer
tonight; Sunday partly cloudy and cooler in
north; showers in. south. Indians Showers to-
night or Sunday; warmer tonight. Lower Mich
sigan-Shovers tonight except fair in southeast:
swarmer in west; Sunday partly cloudy with
showers in north. Observation-Disclosures tonight
except fair In southwest; cooler n west; sun
day fair and cooler Iowa-Fair and cooler In
west; showers In east tonight; Sunday fair
and cooler. Missouri Showers tonight - cooler
in west; Sunday partly cloudy and. cooler with
showers IN south. Kansas, Montana and South
Dakota-Fair and cooler tonight and Sunday
North Dakota-Showers and cooler tonight; Sun
tonight. except fair In southwest: cooler In
west; Sunday FAIR md cooler. :