davidaulloa/AmericanStories huggingface dataset:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-08-04
NORTHWESTERN Incl
&c. SLP.M.a o.RYE-

AASACG oAICC, WV NASOAACIs
Eek. Sun. Others Daily.
Chicago. Milw'kee, Madison.
Chtcago-Atlantic Express.
Chicago-Fast Mail ........
Northwestern Limited
Chicago, Milw'kee, Madison.
Duluth, Superior, Ashland. :.
Wausau, +. du Lac, Or. Bayl
Twilight Limited |
Duluth, Superior, Ashland. {.
Gilmore, Algona. Des MoinesI
Su. City. Su. Falls. Mitchell.
Huron, RedfieId, Pierre. 49,.
So. City, Omaha, Kan. City.
New Ulm. st. James. i
WATERFOWL, Huron, RedfieldI
Des Moines, Mitchell, Su., u. |
Omaha Limited
Su. City, Omaha. Kan. City.l
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02
GRAIN TRADE GOSSIP

New York-Nine loads so far for export.
Seems to be plenty of bids in market and Will
probably result In further business to-day
Liverpool cable: Russia Offering wheat more
freely" &.
Chicago to Lewis-The buying of corn looks
good to me. %. fax
Chicago wired Patten been largest seller of
wheat and 1t has had more than natural eff
feet because of small trade. F., e.
Terre Haute, Ind, house writes that they
which is about equal to best No. red at 76Ac,
Terre Haute.
Watson from Chicago Early buyers In all
grain pits tried to create bulge, but found it
slow and have changed to sellers, this accounting
for weakness just now. - ..'.o - -,
Broomhall cables there has been thaw in the
Danube and If it continues will mean early re-
sumption of shipments j.
private Liverpool cable from big house
reads: We consider the wheat situation strong
Stocks are light Requirements large:
Very little offering; SIS bid. Think shorts will
put it considerably higher. j..
Liverpool Close-Wheat, Nc to &c lower;
corn, unchanged to Nc thigher. -. =
London Clcse-Wheat. unchanged to 7sd high
Paris-Hoiday. -
Budapest Close-Wheat, 1sc higher. g.
Farnum to Lewis: Good many buying orders
for May wheat at 76c:, Think they will be
Raining in Missouri, illinois, eastern Iowa and
Ohio valley and Texas Map unfavorable for
corn movement; not desirable for wheat crop be-
cause present rains to be followed by colder
weather. 81. ~:
Broomhall cables: Our Argentine agent cables
that the improvement in weather conditions has
been maintained. "
Chicago deliveries, estimated: 295,000 bu
corn, 500 brls pork and Is, 600 bu rye
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02
FINANCIAL GOSSIP

Figures Of three of the largest banks show a
result for the bank statement as follows: De-
crease in loans 81 500, 900; decrease in cash,
$500, 900; decrease in deposits, Sc, 100000.
New York to Charles e. Lewis: Bank state
ment will not show any gain, In my opinion:
probably loss of million So but loans will
be less.
Loaning rates on stocks: Union Pacific pre-
ferred e: all Others IL per cent. No demand.
down but there is good buying the slightest
reactions and looks If it would sell higher
before close. -...
New York to L. T. Sowle & Sons: Anticipate
a generally strong market, with low-priced Coal
leaders. Money rates will remain firm
for some time to come.
New York to Thomas & burnett: Market
full of manipulatiye orders. We think 1t will
60 higher
ence of Chicago Great Western officials in Eng
land can mean but one thing, viz: That the
company proposes to go into Omaha whether it
goes the Council Bluffs branch builds a
new branch for exclusive With the Great
Western in Omaha, the Missouri river situation
will be still more complicated by reason of the
aggressive tactics Of the Stickney road. Judg-
ing from the past, it is safe to assume that Mr..
Stickney will carry all his plans to successful
conclusion. and that the holders of Great Yves.
tern securities are likely to benefit thereby.
New York to Watson: Bank statement likely
to show increase in cash and deposits.
New York to Finley Darrell & Co.-Do MOI
look for much change in cash in tomorrow
bank statement. Expect market remain steady
to-day, but tomorrow bank statement may no
be favorable and be disquieting in effect.
banks on Wednesday, and since last Frida!
gained 81 400 900.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02

IT WAS ANIMATED.
Busy Opening Of the Stock Market
After the Holiday Buying
From London.
Last Years Buyers Take Profits
Causing Recessions- Boom Later
Despite 10 Per Cent Money.

New York, Jan. 2.-There was strong and
animated opening in the stock market with large
fractional gains throughout the list. Missouri
Pacific lost on heavy dealings. The stock was
quoted, ex dividend Of "a per cent, and recov-
cred y of that in the first few minutes. United
States Steel. Rock Island and United States Real
ty were also notably active at fractional ad-
vances. Gains reached from 1 to ~ in United
States Steel preferred, Amalgamated, Baltimore
4 Ohio. Chicago Great Western, Kansas & Texas
preferred and Minneapolis, st. Paul & Sault Ste.
Marie preferred. Buying for London accoun,
helped the advance, that center showing con-
hdcnt tone on account of easier money condi-
tions -,,- r
Buyers who took stocks in the closing days Of
last year took profits at the attractive high
prices at the opening and their sales forced
number Of speculative favorites below Wednes-
days close Reactions reached about point in
st. Paul, Rock Island, Louisville, Missouri Pa
cihc and Reading Some minor properties i'm
proved, Anaconda rising 4 and Chicago Great
Western preferred B, Detroit Southern, Delaware
4 Hudson and Consolidated Gas OILY. Detroit
United Railway lost y. When the realizing
sales showed signs of diminishing bulls bid up
Amalagamated, st. Paul, Missouri Pacific and
Rock Island again. Amalgamated 2H.
The market quieted down somewhat for a time
with the announcement of 10 per cent money
rate, but the advance was renewed before noon
and advances of point or more became numer-
Gus. New Jersey Central and st. Paul and
Omaha rose S each and Tennessee Coal and Con-
| tinental Tobacco preferred EACH The Pacihcs
and Southwestern generally and Erie rose point
| and Kansas s Texas preferred 2a. Bonds were
firm.
Chesapeake & Ohio and Ontario & Western
| were in better demand and gained point, but
the trend elsewhere was downward. Room
| traders took profits oil through the list of ac
| tive stocks, but the setback did not exceed q
fraction, except for Missouri Pacific, which lost
| 1. Cleveland, Lorain & Wheeling advanced
| u, and American District Telegraph /. Union
| Pacific was bought heavily towards l O'Clock
and rose to 1o2, causing rally all around.
Trading became sluggish, and although St
! Paul and the Pennsylvania were bid up to the
highest the general list did not move much
Selling orders predomina ted in the market late
and prices sagged good fraction. Westing
house Electric jumped points and Kansas Cit!
| Fort Scott & Memphis preferred, st. Joe
| Grand Island and International Paper were IL
@2A higher. Amalgamated Copper reacted / !
Stock quotations reported for The Journal BY
Watson & Co., brokers, Chamber of Commerce
| Minneapolis Closing figures bid.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02
THE CASH TRADE
FLAX OBSERVATION-DISCLOSURES FIRMER-
CORN SLIGHTLY EASIER.
FLAX

FLAX-With Duluth closed and no Duluth OPP
ton guide. Minneapolis sellers took the closing
price of Duluth on Wednesday as basis ana
sold cash No. 1 spot here at &c under or
Sis. Rejected flax was easy and sold from
$1.14 to SLIP for much of the offerings.
Receipts, 93 cars: shipments, IL cars.
Closing prices: Minneapolis, cash, Sis; to
arrive Sis: January. Sis; May. $1.TA.
CORN The tendency was slightly easier
but no material declines were made on early
No grade sold at SOC for some. At the close
No. 3 yellow quoted 43c nominal. Receipts,
80 ears: shipments. 3
OATS-No change of Importance was made
in May and the general tendency was firm. No.
3 white closed at 31m32c. Receipts, 105 cars;
FEED AND MEAL--The market is reported
weak and tending lower. Coarse corn meal and
cracked corn $16.75; No. 1 ground feed. %
corn, 13 oats, $l6.75; No. 2 ground feed, n
corn, Y oats. $16.75: No. 3 ground feed. 1-3
corn. 2-S oats; $1S!3.
Millers report conditions unchanged; demand
gScd and sales he, Erin nlk
$3.50 red dog SIS +. Q. b.: feed in 2o0.lb sacks.
ton addtional shipments. 2,29G tons.
RYE-Good inquiry was felt in No but
the market was lower. however, with sales ut Al
0l471ac; No. 3 brought Acc. and no grade, 44c.
No rye closed at 4614 @471ac. Receipts, 16
cars; shipments. 2 cars.
choice lots and sold Well. Feed grades are
quoted 35@45c and mailing grades. 45@6Oc. Re
ceipts. 72 cars; shipments. 81 cars.
HAY-Upland, choice. S9M0.50; upland, No. /.
s ESQ., %iS@ns fmo5 m eoee ST. tIaots4
No. 1, $1O.50@11; timothy, No. 2, $9@11O: rye
straw, choice, s5@5.5 80. Receipts, SO tons: ship
ments 10 tons.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02

sssRon, s lSs new 4s lesistsssd iss coupon:
IS. registered 1S51; coupon, 1iosa. = : I
day. 81, 9o6 167. 80. New York exchange selling
cago exchange, selling rate SOC premium, buying
rate par; London eo-day sight documentary ex-
s.;a5sss 1e eS
at sP f eFeaa aes days and e
for demand. ~ -lssa -
71a jan ss
PARIS, Jan. 2.-The weekly statement Of the
Bank Of France shows the following changes.
treasury ACCOUNTS current decreased 81 $4,000
francs; gold in hand decreased 23475,o 900 francs;
$685. balances 81! on OIL 44i44hSehanses' S''z''io
LONDON, IAN. 2-Gold premiums are quoted
as follows: Buenos Aires, 1870; Madrid, 1921;
b. hAnTIM E9f ;a JAM a
BosIoN. Jan: 2-Exchanges, $S1, s31, 1927;
PXRiS 81 Tan 81 rbree nor cont rentes %
francs 80 centimes for the account Exchange
on London, rs francs IA centimes for checks.
marks Is penngs for sheeRs
Short bills (for settlenent), per cent; three
mouths sT D Pills Pills n per cent 20
LoNRoN CLOSING STOCKS, Jan. g.
Consils for money, 9sA;, consols for account
son pfd, 1O3h Baltimore & Ohio. 1903; Canadian
Pacific. 1865; Chesapeake & Ohio, so; Chicag'
Great Western, 29h: Chicago, Milwaukee g. st
an; Denver & Rio Grande pfd, 91M; Erie, 40
Erie 1st pfd, 71H; Erie I'd pfd, SO; Illinoi
New York Central. 15GA; Norfolk & Western
1SA Norfolk folk & Western pfd, 94h; Ontario
IL rs Reading, "a ~; Reading LIST pfd, II Fl
Reading I'd pfd, 4oX; Southern Railway. 35as
Southern Railway; pfd 50; Southern Pacific
95h; United. States Steel: 37M; United State
Steel pfd, 95h; United States Steel pfd 80
| Wabash, Biz; Wabash pfd, 45%; bar. silver
steady, 223s; Money, 2h @3 per cent. TIL
rate of discount in the open mar ket for shor
| hills is 3h@3M per cent. The rate of discour
in the open market for three months bills !
| 35s per cent. "'-
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02
CHICAGO GRAIN
TRADERS AT THE OPENING FAVORED THE
SELLING SIDE IN WHEAT.

SELLING SIDE IN WHEAT.
Chicago, Jan. 2.-There was only light trade
in wheat at the opening to-day and prices were
trihe easier, May being &c lower, at 76Ka
Argentina more than Offset the unfavorable con-
ditions in the northwest and traders favored
the selling side: There were no features in
the trading, which was confined chiefly to pit
for May, and the market held steady. Mime
apolis and Duluth reported receipts Of SO7 cars,
which, with local receipts of a. cars none Of
contract grade, made total receipts for the three
points of SOL cars, against 673 cars last week
and 800 year ago. , .. - re- .........
The market lacked support throughout the en-
tire day and weakness prevailed toward the end
of the session, May closing &c lower, at 1880,
after selling down to 75A @75Mc.
Cash Wheat%No. 2 red, 74@75c; No. 3 red.
6S@73hc; No. hard winter, 71@73c; No. 3
75@75Rc; No. northern spring, 74@75hc; No.
spring. 67@73c. 49, - 800! +
Wet weather throughout the corn belt caused
a frmer tone to prices at the opening and May
was unchanged to b@ Nc higher, at 43c to 43B
M43Ac. On fair buying by local bulls the price
advanced to 1880 and held up well the first
hour. Local receipts were 305 cars, with four of
contract grade. .lN = -:
Corn was Influenced by the weakness in wheat
and and the close was easier, with May 1sc lower at
Close: Corn-Janrary, 1890; May, 42Mc:
July, 421sc; September, 41Bc. =.
Cash corn, No. 2, AN @44hc; No. 3. 40@41c.
Oats opened quiet and about unchanged with
May shade lower to a shade higher, at $685. 0l
33Ac. There was fair demand for May and
the price held firm at 33Mc. Local receipts
were III cars + N..@'-.
Close; oats-January, a1al@a1Ic; May.
Cash oats: No. q, &c: No. 8, 311h @31Mc.
The following the range Of prices: ..-rs
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02
And Start the First Trading Of the
New Year by Breaking
May to 74c.
The Foreign Advices and Much Of
the Domestic News Bearish
~ in Tenor. " H..
Better Reports From Argentine A.
feet Liverpool and Find Re-
Fiction Here.

Minnea polls Chamber of Commerce. Jan. p
rhe first trading day of the year brought
slight change in sentiment in the speculative
wheat market. There no evidence of siren
uous bullislneSS, but the contrary, the gen
eral tone easy and suggested moderately
bearish feeling. Minneapolis May was of to
T4Rc at the opening, end held around this level
for time. Cables were down a peg on the
more favorable from Argentine. London
had advces from Rosario that the weather Is
now very satisfactory and harvesting is pro-
ceeding under favorable conditions. Tho quality
is said to be satisfactory. Corn prospects in
Argentine are better than last year. For the
week Argentine shipped ~, 600 bu wheat, against
10000 last week and 1852, 900 bu year ago Liv-
trpol stocks made large decrease during the
past month, which strengthening item.
In our own country the weather In the southwest
was stormy, which caused little nervousness
i'll corn. Broolnhall sent n bearish item i'll n
report from the Danube, saying that there has
been a thaw, which may mean the resumption OF
shipments this OF conditions in our
own country tile Modern Miller says:
weather conditions have favored the winter
wheat crop and the condition of the plant Is
good for the season Of the year. Few com
plants are being received and these are of little
consequence. The offerings of wheat are some
what larger, but limited transportation facili'
ties restrict the movement to market
Minneapolis stocks will show an increase OF
about 100000 bu this week. Primary receipts
We're $4,000 bu against 100000 last year, and
shipments It's. 600 bu aginst 1913, 900. Wheat anC
flour clearances $4,000 bu. Minneapolis hat
SD7 against 261 last year. Duluth is closed
All the figures are for two days this year ant
one day last year.
\ late Liverpool cablesram said wheat o,
spot is steady but futures are declining il
sympathy with America. Russia is onferin;
ttnues to improve. They do not look for mucl
further decline demand has been very large
however. supplies can be increased to a mod
crate extent. Nine loads were taken for expor
at New York.
The market turned very weak near the close
May selling to 74c. July sold to TAX QI743sc
both options closing weak at low points.
Cash wheat sold lower to-day in sympat III:
was only slightly easier No. / northern sol
at &c under May for the bulk and No. north
ern at &c under. There was fair demand al
through but in the lower grades some lots wer
unsold late in the session.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02
THE IRON TRADE ...
Foreign Iron Is Likely to Make the
.- Price for a Time. .' 49,. =

Cleveland, Ohio, Jan. 2.-The Iron Trade Re
view this week says: Ars&- .-
The new year opens upon strong conditions in
the iron trade and sentiment generally optimis-
tic. The prospect that producing capacity will
expand as the new year advances Is an impor-
tant factor in the attitude of buyers toward fu-
theory but actual condition behind the pig iron
buying that comes up with every week for early
needs and the continued scantiness of stocks in
the hands of meters Of iron continues to be felt
The future Of the import trade in pig iron Is
ething with which furnace men have to
reckon. English and German sellers have come
to look upon the American demand as thing
to be cultivated and as famine prices on this
side are disappearing, leading to the belief that
foreign iron can soon be dispensed with, there is
disposition on the part of makers abroad to
shade prices to hold their American trade. in the
central west less is heard of foreign iron though
in Pittsburg sales are still made number Mid
dlesborough being obtained at $2O.5O in carload
lots, while $19.25 is possibility on full cargo
In the east foreign iron Is likely to hold place
for months, being considerably cheaper than do
nestle brands and furnacemen are not SO sure
that the prices made by British and German
makers will not have much to do with fixing do
nestle prices throughout the country In the next
SIX months III 7$g5 81 i ss5Els as4
While pig iron mari cts have not been really
active in the past week. there is inquiry and
buying enough to indicate better tone than in
early December In finished material business
has been active enough to affect sentiment all
along the line and central and western pig iron
prices are rather hrnler. The recently reported
sale Of 5000 tons of southern gray forge at
$14 Birmingham, seems to have had manipula-
tive purpose, and producers generally are unwill-
ing to sell within $3.50 OF that level. Freight
rates from Virginia. furnaces north and west
advance 80 cents Jan. i, and from Alabama and
Tennessee furnaces to northern points 10 to 20
cents.
The steel market shows considerable active In
quiry at Pittsburg and 100000 tons are reported
under negotiation. Prompt Eessemer billets are
quoted $21 to $780, with the range for contracts
over the next six months about 81 less. A sale
Of 10000 tons of open-nearth bilets is reported
at $31 .25 Pittsburg. Independent sheet and tin
plate manufacturers oEfcrred at Pittsburg this
week the situation as affecting their interests.
No action was taken in view of the slight repre-
,sentation present, end a further conference is
expected In both yheets and tin plates, partfc
ularly the latter, there is an improved outlook
and several Idle mills are being started UP. NJ
inroad has been raade. ms vet by domestic mills
into the drawback trade under the recent ar
rangement with the amnlgamated association.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02
PROVISIONS

CHICAGO PROVISIONS, Jan. 2.-Provisions
opened firm on smaller receipts Of hogs, although
the market at the yards was slow and a little
easier. May pork was up 21a @71hc, at So. 521s
@9.55, while ribs shade higher at So. 81 w.
shorts also covered freely, and the market ad-
vanced temporarily, but declined later on re-
alizing January pork opened at $1775@1S.
which is a gain Of from 25@271Ac to 5o@52Kc
over Wednesdays close, and it was 1ntimated
that manipulation mainly responsible for
the upturn. <....-1 ...,.. ....
Close: Probationary, $17.s5; May, $780,
Lard-January, SO. IS; May. So 4o@9.4214; July,
$9.27B. Ribs-January, $S.35; May, $8.571a@
$50: July S,5212 as.. = s'I-...s' ~ :
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02
RECEIPTS AND SHIPMENTS, DEC. 81.

Received-Wheat. sO7 cars, 1874, $40 bu; corn,
rye, 15,040 bu; flax, s2,77O bu; -four SIG brls
mi!lstufs, Ill TONS hay, IS tons; fuel OIL &c, 900
gals; fruit 1905 lbs; merchandise, 2,67O, 6S5
lbs; lumber, 35 cars; posts and pilihg, 8 cars;
barrel stock, cars; machinery 554, 200 lbs; coal.
SUI tons; wood, 354 cords; brick, SO, 600; ce-
ment. 99S brls; household goods, 33, 800 lbs;
live stock, 1 car; dressed meats, $50, $50 lbs;
railroad materials, "a cars; sundries, 81 cars.
Car lots, 1,772.
shpped-Wheat, 60 cars, 5s,4Oo bu; corn,
2.94o bu; oats, SO. $50; barley, 81, 72o bu; rye,
1850 bu fax, 81 ,l2O blu; flour, 66,967 brls; mill
lbs; merchandise, AT 900 lbs; lumber, 40 cars;
machinery. 129, 900 lbs; coal, 40 tons; wood, "a
cords; brick, %, 600; cement 100 brls; pig iron,
50 cars; ties p cars; live stock, cars; hnseed
oil, 80 brls; oil cake, $4,000 lbs; hides, pelts,
etc. 1877 $50 lbs; railroad materials, cars; sun
dries, 20 cars. Car lots, Ola.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02
Range of May Wheat.


Inspections In-Wheat-Great Northern-No.
northern, 30 cars No. northern, rs; No. g. II;
rejected 8; grade, l.
Milwaukee-No. northern, cars; No. 2
northern, 10; No. 3, 81; rejected 8; no grade, /.
Minneapolis & st. Louis-No northern,
No. 2 northern, 6; No. g. 90 rejected 2; no
grade, l.
Soo-No 4 northern, cars; No. 2 northern,
s; rejected, 1.
Northern Pacife-No northern, cars; No.
2 northern, 5; No. 8, l; rejected, l.
Omaha-No. northern, cars; No. 3, 10; re-
jccted. 10; grade, T. -.
Total-No / northern 4e cars; No. 2 northern,
III; No. 8, Is; rejected, 20; no grade, 10.
Other Grains-No macaroni wheat, 1 car;
No. winter wheat. 5: rejected winter wheat, /
No. corn, II: no grade corn: 7; No; white
grade oats. Z; No. 2 rye, s; no grade rye, 1: No
barley, 3; No barley, IL; No. barley. g.
no grade barley. s; No. flax IA; rejected flax
10.
Inspections Out-No. northern wheat, cars
No. 2 northern wheat. 8; No. wheat IA; re
jected wheat, 9; no grade wheat 3; no grade
corn IL; No 3 white oats, /; No. 3 oats. 10
No. barley, 5; grade barley, 2.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-02
BANK OF ENGLAND STATEMENT.

London Jan. 2.-Following is the weekly state
ment of the Bank Of England: Total reserve,
increase e1, o4s ,ooo circulation, decrease, ESQ.,
600; bullion, increase, G1, OF, O29; other de-
Increase, Ella, O76 900; public deposits, decrease
e211ooo; notes reserve increase e967, 900;
proportion Of the Bank of England's reserve to
liability, which last week was 1885, is now
279e. The Bank of England rate of discount re-
mains UNCHANGED at per cent.