The Saint Paul globe., 1904-12-28
MARKET STRONG AND
T. CENTS HIGHER
Receipts Much Less Than Ex-
pected, Making Shorts Very
Nervous

Minneapolis Chamber of Commerce, Dec.
27-With holiday in Liverpool and very
bad telegraphic service owing to the oIlz,
zard over this section of the country ana
smaller receipts than expected for the
two days (over 400 cars less than for the
corresponding time a year ago. the bears
ment on the curb The buying from
this source developed that there was
considerable short line still out and made
the opening figures &@Bc higher than
the close of Saturday.
Saturdays buyers and longs took their
profits on this upturn causing prices 10
recede &c. this setback bringing In lot
of new buying and prices started up
ward again and just before the close SELL
ing at full cent higher than the open
ing figures. At no time did the market
show any particular weakness. The early
setback was only what might be expected
when prices have advanced Sc without
scarcely a break of over nc. The mar
ket has shown exceptional strength and
much higher prices are now looked for
, that wheat has got out OF the rut. The
activity displayed today and the strength
in the face, of practically no wire serv-
ice of any kind except for few moments
at a time and little or no statistical news
of any kind on which to base an opinion,
certainly shows that there is a much
larger outstanding short interest than the
What little news from the East that
drifted in was of mixed character Wat
son & Co. had a cable from Cessorroyos,
wheat ripening prematurely; yield below
expectations; prospects poor in the south. -
The worlds shipments were much larger
than estimated. The early figures gave
it as 9,520,000 bu, but revised figures
later placed it at 10,432.0e0 bu. Cash
markets all strong: A message from Kan
S1.O41a. which is 41kc higher than on Fri
day. The cash demand here is something
fierce. Sample tables were cleaned up
early in the session. st. Louis also strong
~ Tl1f1 OF 1fc lrnt
there was a very strong demand for the
better class of samples with prices a full
&c higher all around
May wheat opened at 81. 1855 @1 .15k.
sold off to 81 .14%, rallied to 81 1675 and
closed at $1.162s. July wheat opened at
81. .13A, sold at 81 IA, reacted to 81 1914
later advancing, to and closing at 81 14A:
Minneapolis stocks show an, increase Of
100000 bu for three days. Receipts here
for two days, 662 cars, against 1,105 cars
for the same period year ago. Duluth
had 246 cars for three days, against 14S
two days last year. Chicago $50 for three
days. against 145 for two days year ago,
Kansas City 69 cars three days, and at st.
Louis 157, 600 bu for three days.
Wheat on ocean passage, 81, 800, 900 bu,
a decrease of $4,000 bu. Corn 1884, ,000
an increase of 1898 600 bu. Worlds ship
ments for the week, 10,432, 900 bu. last
week S,840,000 bu, last year 7,792,000 bu.
Corn 4,4SS,000 bu, last week 1892, 900 bu,
last year 3,347,000 bu. Clearances of
wheat and flour for the day 109 600 bu.
r6C6IpIS Ooo,UUU Du, against I,ZS4,-
600 bu a year ago; shipments, 246,O00 bu,
against AS. 600 bu. The receipts and
shipments for the day do not include
Minneapolis and Duluth. There was no
London closed unchanged. No report from
Berlin and Budapest.
A Toronta exporter says: Manitoba
wheat, owing to the Ontario crop only be-
ing one-third of the average of ten years,
there is very large hole to fill up here
and We require to draw this supply from
1Hnra ftrFn 0p16 fTV,oO 70 f1,<A
tario mills alone will grind 10000 900 of
the Manitoba crop, and that they have
already handled 100000 within the last
two months and we also estimate that
three-quarters of the Manitoba crop has
been delivered and that more of it will
leave Canada in the shape of wheat and
-four this season than last, and we ven
ture to predict that wheat in Canada will
be good deal scarcer before we get an
other crop than it will be in the United
States. and if your market remains steady,
we Will work closer to your prices. There
is now difference of 10c bushel and
we look for our prices at Fort William to
work up within &c of Minneapolis, Du-
luth and Chicago for both cash and May
option"
Weather Map-Extreme northwest, zero
to % below; clear. Northwest, 20 above
to S6 below; SHOWS Minnesota, clear North
Dakota. West, zero to S6; rain and snow
general. Davenport 1.56 rain. Southwest.
below to 80 above; rain or snow general
and fairly heavy; Ohio valley; A to. 81;
Memphis has 4.16 inches.
Weather Forecast-nlinois. Indiana, Up
pei. Michigan. Wisconsin-Snow tonight
and Wednesday; cold wave Missouri,
Minnesota Iowa-Snow and cold wave;
fair Wednesday. Lower Michigan-Rain-
ing tonight, turning to snow; Wednesday
cold wave. North and South Dakota,
Nebraska Kansas. Montana-Fair to-
night and Wednesday,
Range in Minneapolis Prices
- Close. Close.