Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1902-02-18
TEEEGRAPH1C MARKET LETTER

Minneapolis, Feb. 1S.Cables came
better than expected this morning,
giving wheat firm opening. Statis-
ticians now say greater portion of
winter wheat belt is either without
snow covering, or very slightly COW
ered.'' This fact is not causing any
anxiety at present but will later on.
The cash business is very much better,
exporters taking nearly half a million
yesterday. The weather may shows
very favorable weather with promise
Of rain or snow quite generally
throughout the winter wheat belt.
Receipts here 213 cars against 269 a
year ago, while for two days Duluth
gets 1SS cars against So for one day
last year. Chicago is now getting in
a little more wheat-36 cars arriving
there. So far today there has been
18 loads worked for export, and while
prices are but fairly held it.shows that
present values are in line with foreign
ers. The only factor against a ma
terial advance at present is the lack
of outside support. Buying orders
are of much smaller dimensions, pre-
isumably due to the fact that quite a
line has been taken on during the re-
cent bulge. We would much prefer
buying on soft spots to selling short
on bulges from now on.
4 Corn business was very light, nearly
all through the session. Gables COM
ing lower and no Importance in the
general run, Of news. Peoria is get
ting $4,000 bushels from Chicago but
this, perhaps, is due to the inferior
quality which is used in making glu-
cose and Rye" whiskey. There were
but 108 cars at Chicago, none Of which
graded contract It appears to us
that it would be very easy matter to
run a corner in May corn. Stocks
are very small and the deliverable ar
ticle is practically nothing. s
Oats are about in line with corn.
Receipts are quite liberal but is ogset
by the cash demand. From now on
the demand should xceed the offerings
considerably. Buy them on any sharp
dip for quick turn.
Provisions continue to drag along
without any important change either
way Possibly longs will become dis
couraged and let go, but they will find
all offerings readily taken. You must
not, however, let them slip your mind,
for when they make the start get right
In and buy them. The longer they
hang fire.. the higher they will go
when once started.
New York, Feb. 49, The market
opened rather firm this morning, but
in absence Of any good buying by lead
ers, longs who desired to insure profits
sold quite freely causing several soft
spots throughout the list. Stocks
heretofore most sensitive to bullish
sentiment yielded on moderate trans
actions showing that they were sold
by parties not identified with the in
side. In the Gould issues as we'll as
the Yanderbilts are very firm and
picked UP by the strongest houses in
the street. London reported cash
market for copper a shade lower but
this is unimpo ortant. Sugar As hold
ing Arm at nearly best prices of yes
terday. The squirt this morning early
I was due to the covering Of q large
short account It has had q pretty
good bulge from 1Os to 1872 which
seems TO us to have discounted the
most favorable news that can be forth.
coming. On short advances would
sell 1t, but hold the low prices rails
and other stocks which are the most
popular.