Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1902-01-29
TELEGRAPHIc MARKET LETTER

Minneapolis, Jan. 29:-There was
absolutely nothing in sight this morn
ling unfavorah1e to an improvement in
>lprices. Cables came in 5sc higher.
Receipts not only showed the, result
of an over sold market but that the
producer VIII not part with his hold
ings at these prices. Chicago received
, but eight cars 'aud Minneapolis about
half of those a, year ago-121 cars,
with Duluth running about even. The
cash business while not large was sat-
isfactory, the s1earanees, wheat and
-four being 35S,0OO bushels The map
shows continued cold weather i'm the
northwest, with SHOWS in the south
and southwest The large operators
have suddenly changed from tke bear
to the long side, and offerings are
eagerly absorbed. Inglis estimates
there is hut 35,O0b,OOO bushels Gof
wheat in the FARMERS hands in the
northwest Compared with prices of
a year ago wheat is the cheapest ar
ticle on 1he list, ;sither speculatively
or for Investment. Those who will
remain on tie long side will be re-
warded. l.s5
Corn was as eagerly sought as wheat
and the offerings vware very scarce ex-
cept in very small lots. Gables were
surprisingly firm and the cash buEi-
ness seemed to satisfy the trade.
Clearances were bur "a little over 1U0,-
600 bushels but will increase from now
ON upon large purchases. Chicago
received but 80 cars which with other
more hopeful outlook gave the cash
article 2c advance. Leading COM
mission houses are conspicuous on the
buying side
Oats: Among the most prominent
friends Of May oats this morning wme
such operators as Uounselnian and
Armour. The local crowd were pick
ing them up in a scant way, partially
for the Patten crowd. May oAts are
now about 18 cents above last years
prices. They viii be held by these
interests, we believe until marketed ait
much better prices.
Provisions are comparatively ne
elected they failing to attract much
outside interest. Their opening about
reflected the strength caused by better
prices at the yards. Moderate re-
ceipts and in sympathy with firmness
in grain. ND
New York, Jan. 29.-Thefe is an I'M
usual samount Of bullish news this
morning sprinkled with some sugges-
tions of profit taking by insiders. 1t
lis but natural for the market to reach
a point or.tso, but the pressure is very
light and 1.-THE first signs Of buying of
Importance causes just as sharp rail-
lies. The leaders on the advance,
namely, Sugar and Copper, are for the
present heins manipulated to divert
attention from the continued advance
going on in tho better class stocks of
r I
the list. Rock Island and st. Paul
are gradually closing up and will soon
cross as was the custom with the 'Q''
and ST. Paul. The u. S. Steel Co. is
mailing to its subscribers tonight a
report OF the business for the last ten
months. This report will also men-
tion the present conditions Of the COM
pany and the future outlook We
believe that instead of being suggest
i've Of caution, It will be most assur-
ing and the present holders OF its is
sues will De IN the market to quite an
extend, and that the report is for. this
II might be well to buy at
the present for a couple OF points at 4
least. Money is very cheap here and
financial conditions abroad greatly
improved. The monthly Transvaal
reyerses5 have Just been announced I