The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-14


ST. Louis ... $500. -..--.----.--.--5slk 58Ts
New YORK 3D.. .-.------.- --..-----Tfz 7Sis
These figures snow an increase q aae Il
Minneapolis 7sc al Chicago 5sc az Duluth.
&c az 81 Louis and I5sc II New York
The words shipments for the previous week
g-ere comDarasfvely large. but the reports
from LlyeTDooi were then. and continued
Throughout last week. 70 the effect taat SOCKS
were very low a. that port il is also true
that stocks .u mis- country are very SLOW IN
the process % accumulation. he milling de-
ulard has been very heavy and the price
~ rash wna4t iz Consequently held strongly.
The December option attracts % Itself con-
Ederable Interest in consequence II these
conditions. taken iE connection with reas-
ausbIY lharal EXPORT demand BrDomhalis
reports are however persistent In ire clam
that the harvesting and threshing IN Russia
have demonstrated that the yield there mas
boan uDderEstiEnatcd. and That the volume
for export via he considerably above the
figures q ne estimates Of month or six
weeks Az1 Il is also learned thai the
argentine crop Is likely. from present pros
poets. 10 meet the highest expectations, as All
the conditions seem favorable % the harvest
ing o. q good crop there ThlE however. does
not occur until January. and there are many
possibilities looking % a change IN the pres
eut Gathering prospects during the coming
two months. Tho receipts o. the week have
increase ia the exports Of wheat OF four. and
thus FAR The shipments do rot indicate that
there Is heavy buying with view 70 the
repieulsnmsrt % stores abroad The worlds
supply VISIBLE and Invisible Is pretty
thoroughly understood 10 be quite large. and
in these c.-ouusIEuces there Is no urgelcy
on the part % importers abroad to III their
warehouse With a view 70 coping with futurs
emergencies
The conditions OF winter wheat are uni
formly good throughout this country. Iois-
ture hss been seh distributed and Up 20 the
present time lha plant has been subjected 20
little freeing weather aud wherever TIE
low temperature has penetrated. the oondl-
lions were such thai no harm could possibly
result This situation IS altogether different
from that which prevailed year ago. when
throughout the winter wheat ara drouth
largely prevailed. AID when tBe rains dsd
come theg were followed by intensely cold
aud freezing weather, resulting in great dam
axe in many sections.
Il may bc fairly said that the wheat marke.
et present IS normal There T. 10 element
Az present interested by combination or IN
an individual way either for the raising or
lowering Of prices. This IS in direct con-
trast with the conditions whi1h prevailed
last year. when Mr. Letter held the Decem-
her optien with so frm a grip. The past
throughout the entire Northwest TIE I'm
provemeuis iu the country roads has had the
effect Of bringing more wheat 90 the country
elevators and thence 10 the general market
IL would not be surprising. therefore. q the
sum az the volume Of receipts during the
past seven days should prove even lager
than has been anticipated both IN milling
and tn speculative centsrs. The stationary
price. barring the slight Illustrations com
ruled during are past months q the crop
yozr has no doubt Influenced q larger de-
gree 80 marketing than Vas 90 have been
anticipated during the week preceding the
announcement on reliable estimates upon she
European crops.
There does not appear 10 be anything "a
the situation which promises violent turn
BE- prices either way. The elements - any
immediate advance % marked impurfanc
certainly % not exist The speech o. L1rd
Salisbury lass week in LoEd3n relieved al
anKie5y existing as 70 the FEASIBILITY Of war
between England and Frame. 40 DISTURB
ina faCtors are visible anywhere The wor q
"a taking our wheat 20 moderate quantities
and thore is .ttle likelihood ~ the demand
tncrcasinE to degree thar ls calculated %
create even temporary shortage Neither
the ban nar lhe bear finds 81 ~ ntHhls O. re-
mnin hong In she speculative mark and
A2la - feilth lI1lc1fton tlar D a-fIclllF
noruaai conditions prevail.
The Northwestern Miller 10 ts review OF
thc week. Says.
The weather in ire Northwest during the
week aas favorable. and the Deliveries o.
wheat ey farmers Wss fair. They are haw-
ever more disposed % bold their grain. ray
tng stpraee on f 90 the elevator men. .hsu
20 eei ~ current prices 40 ABOUT Sc Ter
cu Tor No- 3 northern. th,y are free sellers
Reports tram tae northern part OF Norsh
Dakota saere there VAS excessive ratn A.
tAat thrrshiHs IS progressing i4veTahly and