Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-03-29

Minneapolis. March 29.-Rain fell
last night at Mcpherson, Kan, and at
Wichita, Anthony and other places.
But it was very light. The effect was
10 east off the market which otherwise
would no doubt have advanced on the
foreign news which was strong, a rise
of 25sc in Budapest and much lighter
Argentine shipments being the princi-
pal items. For some time Argentine
has been sending out wheat at a rec
ord breaking rate and last week the
total was 4,624.0O0 bushels. The early
report estimated the total for this
week al 2,224,O00 bushels. This was
clearly bullish but it had little effect.
1t was explained later that strength in
Budapest was due to the agrarlan dis
turbances in Moldavia and buying thru
fear that the rioting peasantry might
bring temporary distress upon Buda-
pest which looks that way for wheat
supplies, and that it had no reference
to the worlds supply or crop situation.
There was on the whole confusion OF
news, good and bad. The threatened
railroad strike and its probable effect
upon the grain markets was discussed.
Meanwhile Gillett, the Northern Grain
Company and Wrenn bought together,
about 100000 May, in Chicago, ana
this gave strength, but the market
Sti no; inn
The Price Current says the weather
is favorable to growing wheat and re-
turns reflect lessening of complaints
High temperatures aoe promoting earli-
ness of agricultural operations. Oats
being sown Flowing for corn has COM
menced.
Broomhall cabled: Liverpool wheat
was quiet at the start with values un-
changed to 1sd lower. Offerings were
larger, with some pressure to sell,
prompted mainly by the belief that
shipments from India this week will be
heavy During the session, however,
the undertone developed firnness with
few sellers due to the fact that the
drouth in the American southwest is
still unbroken. There was no par
ticular character TO the trading. and
prices change were narrow. holiday
dullness prevailing. Corn was quiet at
the start. with values unchanged. To-
ward the close some pressure to sell
developed as a result of small spot
demand, and the fact of cheaper Amer
lean offerings and prices at the close
showed Nd decline.
The Northwestern Miller says: "The
Minneapolis -four output last week In
creased 6,100 brls. The quantity turned
out (week of March 23) was 269.760
brls, against 249.505 in 1906 and 259,-
4O5 in 1905. This week. somewhat less
capacity is in operation at Minneap-
oils and the -four output promises to
show shrinkage. For the same week
in 1906. it was 2S6,015 brls. The flour
trade for the week was quiet and had
no distinguishing feature. Usually, the
mills sold less than they made. How
ever there was one which disposed of
a larger quantity than it turned out
The prices obtained where sales We're
made, were complained of as unsatls-
factory. Shipping directions on old or
ders came in slowly: in some cases SO
much so that mills had to shut down
from lack Of them.
"There is little to be said Of export
trade. Practically no -four is being
sold to the European markets from
which business is looked for A single
mill, reported encouraging bids. Usu-
ally. however, total Indifference is
shown. The only rift in the clouds
was the working Of a lot of second
clear to. go to China. This business
was possibly because of abnormal con-
ditions with Pacific coast mills as to
a wheat supply.
.sThe shorta &c Of cars is complained
of as being about as bad as ever. How
ever. the fact that shipments can now
be made tt, lake ports is calculated to
afford some measure Of relief"
Argentine shipments were raised.
later on to 3.5o4.o00 bu and as this
corrected report gave the figures for
only five days it was evident that the
weeks total would not be SO light after
all.
Local stocks Increased by $4,000 blu
for. the week, today being holiday.
Receipts here were 1854 cars. against
293 and comparisons elsewhere were
1855 and 70 at Duluth, - and at Chi
cago. 1870 and 1872 at Winnipeg. $4,000
bu and $4,000 in Kansas City, and A.
600 and $4,000 in st. Louis.