The Saint Paul globe., 1904-12-16
MILLERS TAKING THE
Low GRADES FREELY
Smaller Receipts, With Strong
Demand for Cash Wheat
the Bull Card

Minneapolis Chamber of Commerce, Dec
S-The market today had a very strong
epne, the sudden dropping off in receipts
TO under 900 cars with an active and
higher cash market caused the shorts to
cover freely. Millers We're in the market
for all offerings of cash wheat and prices
were very strong. advancing nearly twice
as much as futures, No. 8 and No.
wheat showing the biggest advance, al
though both-No. l and No. 2 northern
Were no l9ggards in the market.
The opening of the market was un-
changed for May. and nearly PC higher
for the July option and opening prices
proved to be the lowest for the day
There was a good demand right from the
opening tap of the bell. While trade was
not heavy and the activity came in
spurts. the undertone was very strong
the little dips from time to time were
used by traders to pick up a few small
lots, no large amounts being traded in.
Scalpers usual of late doing the bulk
of the business. They run quickly if the
market shows signs of going against
Them The bear crowd were not in good
fighting trim, there being but one bearish
item in the news Of the day, that being
the report of the Russian government
showing a yield of spring and winter
wheat of 66S 191, 600 bu, against $40, 0,142,
600 bu last year.
To offset the effect of the above bear
1sh item was the estimated Argentine
shipments of but 100000 bu, strong cash
markets everywhere, especially here and
at Southwestern points. Kansas City mil
weeks supply of wheat on hand, while
Southwestern receipts are running very
light, primary receipts were also consid-
erably under those of a year ago.
May wheat opened at $1.1 Il, advanced
gradually to 81 121k shortly after the noon
hour and closed at .$11214. July wheat
opened at 81 10%. sold up to 81 liz and
closed at Silly @1. .115s.
Minneapolis stocks of wheat increased
935. 900 bu for five days. Receipts here
2SS cars, against 379 a year ago; Duluth,
Kansas City, So and st. Louis 81 900 bu;
clearances of wheat and flour, 56 900 bu;
primary receipts. 567. 900 bu against $685.
600 bu year. ago; shipments, 249, 600 bu,
against 202, 600 bu.
Liverpool wheat closed I'D lower; Lon
don and Antwerp unchanged; Berlin. &c
higher; Paris wheat, 5 centimeS lower;
four, SOLO re3times higher.
The report of the central statistical
committee of Russia giving the spring
wheat crop enables statement Of Rus
Sian crops to be made up as the winter
crop had been published short time pre-
with comparisons are: Spring wheat, 49,
024,000, last year 419. 76S 600; winter
wheat 206, 167, 600. last year 200.974. 600;
total wheat. 663. .191 900, last year go. 142,-
600; rye. 1903, 600. last year S92, 228, coo;
oats 1882, 900, GEO. last year 843, $50. 600;
barley 329, 1S4, 600, last year 342 996, 900;
corn 25.ySO.UUU. last year 0U, foZ.VUU
LiVerpool-Wheat-T buliiSh IllloiS
state report and Argentine cash situation
caused an opening advance of sd both
months. Later the market TUNED very
dull
Corn-Tone at opening was firm, prices
1zd higher, factors being strength in spot
market and talk of light Argentine ship
ments Prices later remained Unchanged
Argentine offerings are small nothing
offered over 62 pounds to the bushels.
Price Current says: "Snow in central re-
gions partially relieved wheat crop tenn
porarily, but general position not essen
TALLY bettered. Corn offered freely where
prices are maintained Wheat and oats
moving moderately. Weeks packing at
Western points 10000 hogs, against $780,
600 a year ago.
Chicago Cash Business-Several interior
millers were on the Chicago market
Wednesday, but made no purchases of
wheat. Prices We're easy, following fu-
lures. Offerings remained small, with only
10 600 bu No. 3 hard sold. No. 2 red in
car lots f. o, b. was IA to $1.141s: No:
hard 81 II to 10 for good. A car of No.
8 red sold at 81 .1119. In. spring-wheat the
only trading was one car at CSC for No.
and two at 75c.
In Kansas city No. hard was 81 O2h,
the lowest quotation from there this
week.
Corn in the sample market was Ac
higher and shipping demand smaller, but
sales for export were 175,000 bu NO
and the domestic trade took 25,000 bu
white and $4,000 bu No. yellow, making
total sales 255, 600 bu. Oats were steady
in the sample market Shippers took go
600 bu, including 10000 bu standaId.
At the eaboard exporters sold 81; 000 m bu
wheat. 16O, 600 bu corn and 25,00O ou
oats. Business in corn including some at
the gulf. but the majority Of sales were
TO the United Kingdom Ocean rates were
made at 11a Buffalo and Boston to LiV-
erpool. ,..,,
west partly cloudy. 10 to 3S above; seat
tered SHOWS; northwest generally CLOUDY,
to % above west and s9uth%est an0es pacal 1acal
light SHOWS in Kansas; Ohio valley partly
cloudy. to 20 above.
Weather Forecast-Illinois, Indiana,
Missouri Iowa. Dakotas, Nebraska and
Kansas-Fair and warmer tonight ana
Friday. Lower. and Upper Michigan. WIS.
oonsin Enthusiastically snow tonight
and Friday North Dakota-Cloudy to-
night and Friday. Montana-Snow tonight,
Friday fair.
Range In Minneapolis Prices
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