The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-01-27
SHORTS ON THE run
MAY 17c HIGHER
Local and Interior MiIIers Ac-
tive Bidders for the
Small Offerings

Minneapolis Chamber of Commerce. Jan.
26:l o in the market today cen.
outside points and the exceptionally ac-
tive cash demand Although Liverpool
again came strong and higher, making a
strong advance of about 4d within week,
or equal to over &c per bushel, this was
not as much thought of as the small re-
ceipts, the primary movement today of
less than 100000 bu being the smallest on
the crop. Local and interior millers were
active bidders for all offerings of cash
wheat, and the different grades show adj
vances of &c for No. 1 northern to &c for
ported millers taking everything in sight
at ~ @2c over yesterday for the ordinary
run with some of the low grades selling
at &c over. New York mills were buying
wheat there for quick shipment ST. Louis
reported cash business restricted by the
small offerings, and prices strong and
IgSc higher Toronto says that private
cables were higher and good milling and
export demand for Manitoba wheat
The market has been strong all day
with the exception of the first half hour,
when some of the buyers of the day or
two previous let 60 of their wheat at the
advance on the opening, which was 11c
over the close of the day before These
offerings were readily absorbed, and the
ward again and becoming stronger as the
session progressed. Up to the noon hour
the market held firm at a fraction above
the opening. but a short time before the
close, the shorts became nervous and bid
the market up nearly cent, closing with
IN fraction of the top figure of the day.
Trade was not heavy and more of scalp
ing character. although there was good
buying by some of the prominent inter-
ests who have been identified with the
pun eide OF the market. The bulls have
been waiting for a dropping off in re-
ceipts, and now that they seem to have
come to a period where they are likely to
run small for some time to come, they are
greatly encouraged. 1t was reported that
nfS h,,l n 1,oo <,<~y<7
day by an elevator company to be shipped
out.
May wheat opened strong at s1.15, broke
20 60 , sill4s, rallied to Sl51k, reacted to
s1.16A, and closing at s1.16@i161s. = July
opened at Sl.12%, sold down to SLIPS q
1-l2Az. rallied to $1.13A, dropped to $1.12B,
rallied to s1.13%, and closed at s113A@s
Minneapolis stocks increased 1850 blu
for five days. Receipts, 210 cars against
against %, Kansas City 21. and St Louis
10000 blu. Clearances of wheat and flour,
$4,000 bu Primary receipts, $4,000 blu,
against 4Ss.0O0 bu a year ago; shipments,
254 900 bu against 297, 600 bu. Argentine
shipments estimated at 100000 bu
Liverpool closed sd higher London and
Antwerp unchanged. Paris wheat, 500
confines higher; flour. 10 confines higher
Berlin, sc higher Budapest, nc lower
Duluth says: THE cash situation in
wheat up here is working stronger again.
we DelleVe we are gong TO nave a very
sharp drop in receipts within week in
the Northwest. There seems to be bet
ter cash inquiry from millers in all direc-
lions. We sold some wheat. in Buffalo to-
day to millers."
Price Current-Continuance of favora BILE
: reports of growing wheat crop plant in
position to withstand hard freezing.
Moderate offerings of grain, but apparent
~ sufficient for current demands. Pack
ing of hogs for week at western centerS,
5000 hogs against 555. 900 a year ago.
market had a better undertone at all
points Wednesday. The milling demand
here took $4,000 bu. mostly hard winter
wheat, and prices were firmer. No. red
f. OBJ, $1.17@1.18; No. red, 95c@01. 10;
No. 2 hard in store, 31ac under May, and
f. o. b.. $1.14@1.16; choice spring, No. 4,
81 03; No. 8, $1.10; No. northern, Sill.
ST. Louis gained &c and No. 2 red
closed at $1.12N in store and f. o. b., $1.14
Southeastern mills bought 10000 bu, and
mills at Atchison and Topeka were buy
better; No. 2 hard $1.04@1. 061h
Corn in the sample market declined &c
on some grades, but on others was I'M
changed Elevator interests were the
best buyers. Sales here were $4,000 bu for
Eastern shipment. Dat prices unchanged,
with sales $4,000 blu for export At the
seaboard exporters sold 100000 bu corn
Weather-Map this morning shows a
general rise in temperatures in Northwest,
West and Southwest. Conditions partly
cloudy in Northwest and Ohio valley but
generally clear elsewhere. Nebraska, gen.
s.erally fair, 2 to Is above; Iowa, generally
clear and cold, zero to below; Illinois,
clear, below to above, with .16 precipi-