The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-11
AN UNUSUAL NLIDWINTER DEMAND
FOR WHEAT Is EVIL
y DENCED.
MILLIONS OF BUSHELS
BEING SHIPPED BY WAY OF BOS-
TON TO THE LIVERPOOL.
MARKET.
Claim That 1T Looks Lake ManipuIa,-
ton ON the Part of For
eigners.

CHICAGO, Jan. 10-The Times Her
aid tomorrow will say in it's review and
forecast of the wheat market: The
Dull leaders in wheat were mysterious
ly referring all last week to q cash
business all-rail to the seaboard for ex-
port. 1t seemed to give them a good
deal of comfort, even at times when
the market was not acting at all to
suit them, and when friends on the
same side were inclined to give up and
let go, the circumstance of this all-rail
business was impaired in strictest con-
hdence as bracer to waning bull cour-
age. Those who know the fact plainly
felt they were in possession Of an i'm
portant secret.
The all-rail business has been put
through by Bartlett-Frazier. Competi-
tors claim the reason for the extraordi
nary mystery is that the transaction
is the result Of some special railroad.
or steamship graciousness, and that
TINS is made clear by the inability Of all
the other grain shippers at this point
10 DO anything. The transaction evil
IDENTIFY originated a considerable time
back. The shipping firm had it's De-
cember bought before delivery day, and
did not begin to get it's wheat until
about the middle Of last month. Those
who had been thinking most about the
matter recall how the concern made
confident predictions at the time of the
close of navigation that wheat in large
quantities would be going abroad all
rail before the winter was over The
talk under the breath all last week
was that the transaction involved $780,
600 more bushels. It is possible that it
aggregates even more, although the
movement all rail of 500, 600 bushels Of
wheat in the middle Of winter is ex-
traordinary enough. Since the large
Armour wheat deliveries three weeks
ago about 100000 more bushels have
been ordered loaded out onto cars, and
most Of it has been ordered by the
shipping firm. This is one of the few
facts about which there can be no
controversy Such of their wheat as
has been loaded has gone into Michi
gan Central and Lake Shore railroad
cars, and has been billed generally to
Boston Junction-another circumstance
about which there is no reason for
doubt. The announcement from Boston
recently OF large ocean freight engage
ments for prompt shipments, put as
high as 100000, although it's total stock
Of all kinds Of grain does not exceed
100000 bushels, is now significantly
connected with the wheat shipments
from here.
The Importance Of this all-raiI bust
ness need be greater if shippers gen
orally were doing it instead of a sim
gle firm. 1t is to be borne in mind,
though that the people thoroughly in
the secret deem 1t Of first moment
Probably they expect the effect to come
When the clearances show up, or posi-
bly, they are looking for a. large local
out-inspection in the near future The
armour people say they expect to lose
all the wheat delivered by them in De-
cember, about 100000 bushels Liver
pool wheat acts so peculiarly as to
raise the claim here of manipulation.
The English market, however. really
acts very like Chicago, and it's errant
course may be due to the same cause
as the dullness of speculation and the
exceptional prominence of the cash
considerations. Chicago does not al
ways follow Liverpool; there is no rea-
son why the latter should always take
it's cue from this market.
Speculation in wheat continues small
The pit feature last week was occa-
sional foreign buying The hesitation
OF the price since New Years has in
creased the professional selling. 1t Is
also tradition with some to start in
on the short side after Jam l. The
favorable winter wheat conditions so
lar have encouraged this. ST. Louis Of
late has been the active scalping bear
interest. 1t was Influenced by the gem
eral SHOWS of fortnight ago.