The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-27
WHEAT MOVEMENTS.
CHANGE GOSSIP.

CHANGE GOSSIP.
First cables: London-Wheat and corn off
coast, nothing doing. CargoeS Of wheat on
passage active at 3G6d higher per or; corn
quiet. English country markets generally Sd
OILS lower. Liverpool-Wheat firm at I'D
dearer; corn, I'd higher. Paris-November
wheat 10 confines lower; flour, % centimes
lower.
Chicago Receiptg-Wheat, 81 cars; corn, 157
cars; oats, 142 cars.
Hog Receipts-Chicago, 5000; Kansas City,
II COO; Omaha, 5000.
A. D. Chambers G Co. received the follow
ing:
week and 80 less than last year. Primary
receipts are 1926 600 less than last week and
$4,000 less than last year. Shipments from
primary points so, 600 more than last
week and are 10000 more than last year
Clearances from four ports of wheat and
-four are equal to $4,000 blu.
In our yesterdays letter we did not quote
our Duluth correspondent we intended
We said that at the close of navigation they
would have there more than half a million
bushels of contract wheat and not more than
two and one-half millions of any kind. Cables
this morning were up three pence and a far
thing and this served to open our market
with a rush.
The first trading was on May wheat at
S3Ac TO S35zc, about 21ac over yesterdays
closing. There was a slight reaction, but the
market has been strong all day. and there
is good evidence that the buying has been
of better class than the selling There has
been dearth of important news, but as we
have been saying, the position of our crops
and our domestic demand, together with the
demand from other countries, is sufficient to
maintain, not only strong market even at
such an advance this morning, but when
consider all the facts calmly we are sur
prised that wheat is so low. Today No red
wheat has sold in this market at CSC per bu
and No. l northern, spring at 212c premium
over the December price If these prices do
not bring out reserve from farmers hands in
the surplus winter wheat states we have a
right to conclude that there are practically
no reserves. Our visible supply is commence
ing early in the season to decrease and shows
now two and a quarter millions less than
last year, "a, 900 less than 1894, II 900 900
less than 1893 and nearly IL, 600 O0O less than
1892. 1t is legitimately as well as speculative
ly an exceptionally strong situation.
F. d. Brown.
Frank Jolly received the following: The
foreign markets responded to our advances
of yesterday to the tune of Sd this morning,
closing with the advance being maintained
estimates given by BroOmhall yesterday that
the importing countries would need II 900 900
bu monthly for the balance Of the crop year
If this be approximately true, with the win
ter wheat section of our country compare
lively bare of supplies in November we think
millions that are wanted. The feature of the
trade today was the free realizing by holders
and selling against calls. 1t was reported
from San Francisco that nine cargoes for
Australia, for Bombay and three for
Cape Town had been worked, and are now
of cash wheat was taken in this market late
yesterday and today. The corn market has
been dull, but firm. Outside trade was light.
most of the business being changing Deem
Der to May. The cash demand was fair and
the receipts light. F. G. Logan.