The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-27
MINNEAPOLIS.

MINNEAPOLIS, Nov. 26. - Wheat
opened weak and lower on lower Liver
! pool cables and continuation of diff
depee displayed yesterday Liverpool ac-
knowledged that that market was weak
because of the weakness mere yesterday
but Paris was strong at an advance
Even Liverpool reported a I'D adj
vance for the spot stuff, and London also
reported that cash stuff was higher. Tie
fact is that speculative wheat on foreign
markets is governed by our temper from
day to day, and We in our weakness fal
to catch on to the fact. We are too
much absorbed in watching the primary
receipts to the letting alone of observa-
ton as to what is going out. This morn
ing the active trade appears to be in a.
waiting mood as to what Bradstreet will
say at noon about the worlds visible. II
would be safe to say that if this report
should show large increase, this mar
ket, in its present temper, would act
contrary to the natural result which
should follow, and yet it haggies over
possibility. Wheat legitimately is strong
IN all its parts, and will eventually tell
on the nome run. First Liverpool cables
quoted 7sd to I'D lower for futures and
&c higher for spot stuff. London re-
ported nothing doing in cargoes off coast,
but stronger for cargoes on passage.
London city markets were firm to high-
er. Paris reported to 10 centi,nes high
er for wheat on the top of the advance
yesterday.
Broomhall's Liverpool cable to A. G.
markets yesterday, together with pause
in continental demand for wheat argoes
caused a quiet opening, with prices sd
to I'd lower. Later the most distant ops
ton lost sd further. Corn opened quiet
and unchanged to 1lsd lower and further
declined Esd to I'D on realizing. Our Ar
gentine correspondent cables that wheat
in the province of Santa Fe has been
slightly damaged by hail. Regarding the
latter part of this cable it seems funny
that hail should do much damage to a
crop that has been previously reported
as destroyed. Calamity follows calamity
in that country, and there Is no telling
what may happen in the near future eX-
cept possible resurrection
1t Is generally accepted, however, that
the Argentine crop must be short; that
her receserves are very small, and that
she is no longer factor IN shipping
values of wheat during the crop year.
Clearances for the day were liberal and
new export trade little better than
yesterday.
December wheat opened at 69Ac, against
691ac yesterday; declined 1sc, firmed up to
1914 @3Sasc, sold at 691s@69Ac, firmed up
to 6914c by 1850 and by noon held at
May wheat opened at Y 1-16c. against
lsA@72asc yesterday; gained 1-16c, sold at
72c, advanced to 72Ac, lost 1-16c by IL 80,
and by noon held at 72B@72Ac.
The cash wheat market was strong,
with a good demand for milling wheat.
No | northern sold mostly on basis
of 1AQ11Sc over December No. 2 at &c
to full cent under December, and No.
8 wheat at &c under December. Sales
were made as per statement below. Re-
ceipts here were 465; shipments, 50 cars.
During the noon hour the market was
weak through realizing by scalpers.
Clearances for the day were $4,000 Blu.
The worlds visible showed an increase
of 6,9n 600 bu, making a total Of nearly
100000 bu for two weeks December
wheat closed at 69c, and May at 717sc
Following was the range of prices:
Closing.
Wheat Open. High Low.Tues Mon.
May ;. .......72 1-16 72A 71H 71T 72A-as
Curb on May wheat, sellers 71h
Puts on May wheat .715a671%-I
Calls on May wheat .......... 72@72M