Bismarck daily tribune., 1902-02-08

may w Wn6aG 1913 et4Ss 1tOi6 tf1B
:, MINNEAPOLIS CASH !.
10. Northern be III; isy7ss rs Flax si.7SH t7'' -
DULUTH CASH. s
No. 4 Hard 1878. No I Northern 1874. No
Northern 714s. Flax Sl.72.
TEEEGRAPHIC MARKET LETTER
Minneapolis, Feb. S.-Liverpool was
lower than expected this morning
causing investors to halt for the mo-
ment. There were ,2S9 cars here and
at Duluth against 341 a year ago,
Chicago receiving but six cars. Ad-
vices from Ohio are very bullish, stat
ing that in that state the plant has
never went into winter quarters in as
weak condition owing to late planting
and the drought. \ Exports since July
LIST are ITO million against 100 million
during the same period last year. The
weather is trife colder in the north
west and clear while SHOWS are re-.
ported in Kansas and Oklahoma 8 to
% degrees below. Considering the
fact that the news has been quite bear
ish and all outside support withdrawn
wheat is holding remarkably well
showing that there is good inside sup
port. These low prices will last as
long as offerings continue liberal and
as soon as the recent sellers turn buy
ers they will find offerings very light
w can see nothing to justify present
prices of wheat, and believe that be-
fore May first wheat will be materially
higher and these advanced prices con-
tinue during the remainder of the
year. s1
Corn was heavy all day only occa-
sionally did buying appear that was
of any consequence. Leading COM
mission houses are finding very little
difficulty in picking up this cereal fro
a class Of good investors. The trade
look upon our exports as a bearish
factor but it is just the reverse. While
our shipments are 81 million bushels
less than year ago, since July 1st
our visible is three million bushels
less, with the cribs throughout the
corn belt bare. This is something
unprecedented. It would have been
an utter impossibility to have supplied
home and foreign demand and the for
eigners have curtailed their purchases
] until their stocks are where they must
Ecome to us, especially at these prices.
A very few days will NATURALLY change
tn sentiment which is ait the present
barish.
Provisions are firm in face of ex-
tremely large run Of hogs. Prices
1 were aft about 10 cents at the yards
which shows that packers will main
tain prices OF this hog crop, where
shippers accept but small concessions.
They have had the power to put prices
down rs cents per hundred, but they
are wanted and competitive bidding
will maintain prices.
New York, Feb 8.--Prices were
steady to strong at the opening with
few exceptions. Foreign news was
unimpprtant and the public preferred
awaiting the publication Of the bank
I statement Railroad earnings con.
tinue ito be most gratifying. Read
( ing shows an increase for December
Of $1s4,527. .'Big Four for the
fourth week OF January increased $56,.
40 This is marvellous when you
consider that these comparisons are
4 made with last year when record
breaking earnings were being made
I and that this year On account Of the
crop shortage such roads as Big Foul
and other grangrs, would be expected
to show decreases. Lawson is prom
I Using some fireworks In copper
i which indicates that he has this stock
well in hand. Hold copper. Man.
haitian was unfaYorably affected By
the decision against the company
which orders a new trial, the last ont
lasting ten years. This discouraged
aq4
i present holders who liquidated freely
but It was noticeable that their offer
ings were snagged up quickly. Read
ing and Erie were prominently II
favor and received good support Holt
Iowa Central. ST. Paul continues un
shaken in their convictions and ar
still accumulating. Housenan wa.
4 picking up Reading at any price Ths
bank statement. while rather unfav
orable, was satisfactory to the leading
operators. the banks making gain q
$3,000.0 600, notwithstanding the golt
exports. Thes outlook is therefor'
very promising for the coming week
Southern Pacific and Atchison are II
demand on any recession and offering,
are becoming very light. g