The Saint Paul globe., 1905-01-19
MAY WHEAT is
P[GGED AT SITS
Receipts Continue Liberal but
Our Stocks Decrease
Right Along

Minneapolis Chamber of Commerce, Jan.
lS-There was but little activity to to-
days market, but at no time did the mar
ket show any signs OF what might De eau
ed weakness. Good supporting orders de-
veloped when needed. and every time tne
market got down around the 81 .l5 mark
there was enough buying to turn prices
upward again. There was not much in
the news today. Liverpool was compare
lively strong but the continued liberal
receipts about offset this piece of news.
Despite the heavier movement this week
our stocks continue to show decrease
every day and the receipts are not liable
to continue as heavy after little while
The bulk of arrivals now coming in are
from interior elevators where they are
doing the house cleaning process for a
shut down in the near future.
The amount of wheat held in country
elevators now is very much under that
of a year ago, probably not half what
was in store at this time year ago. The
demand for cash wheat showed slight
ing about &c higher than for the day be-
fore and No. ] northern gained 14c on
May; other grades advanced in proper
ton. At Kansas City the cash demand
tion market was quiet within &c range,
and the close is 4 @ac better than on the
previous day. The trade was light and
mainly by scalpers, although the larger
operators were in evidence as buyers on
the weak spots, probably replacing the
wheat they sold out during the first part
week. 1t looks as though the manipu
lators in the East were again taking the
market under their wing for another up
ward whirl when things get right and the
short interest has become larger.
May wheat opened unchanged at $1.18Ss
advanced under good buying to 81. 7s
broke under hammering by the bears to
81 15%, closing at 81. 1875 @1.15% July
opened at S1.12%. sold up to 81 1874, re-
acted to 81. .12B @1.12A and closed at the
Minneapolis stocks decreased $50. 900 bu
for four days. Receipts 42S cars, inelud-.
ing 80 Canadian, against 344 year ago;
Duluth "a, against SO; Chicago IS, against
AZ; Kansas City rs, and st. Louis $4,000
bu. Clearances of wheat and flour 100,-
600 bu. Primary rim receipts, 66s 600 bu
against 1856, 600 bu last year. Shipments.
Liverpool wheat closed A@kd higher.
London. Berlin and Budapest unchanged,
Antwerp ssc lower, Paris wheat un-
10 centimes higher
The Chicago Great Western railroad
has put rate of 10c on wheat from Chi
eago to Minneapolis The former rate
was 121sc. An attempt is being made to
move some of the Kansas No. hard win
ter wheat from Chicago to the Northwest
ern mills.
The Liverpool Corn Trade News says it
will not be until spring that importing
countries will feel sure that supplies will
be sufficient to carry them until the new
a long period of diminishing stocks and
unsettled crop reports, and from which
they cannot emerge until navigation re-
opens in Russia and Canada. 1t looks
for reduction of European reserves by
nearly 80 900, 600 bu by the end of April,
but the quantity on passage will in
crease.
A Toronto exporter says: "Our Liver
pool correspondent cables us that they
{. think the time is right to operate in Ar
gentine cargoeS.' Toronto also says:
We find a good local and exporting de-
mand for Manitoba wheat and the Of
ferings are very light and the quality of
over half that is offering is very poor.
Broomhall cables that negotiations are
of an arrived cargo of about 115.000 bu
Walla Walla wheat in the sailer Rajore.
Our general cables that offerings of wheat
from first hands in India are dearer
Chicago Cash Business-Millers only
took few carlots of wheat in the local
market yesterday and sales of only 10000
bu mixed lots were reported. Prices on
lures. No. 2 red, 81. .1S1s; No. 8 red 81 IA
al. .1612; No. 2 hard, 81 1917 @D1. 1615; No.
hard. 81. .07@1.0S; No. northern, 81 13
@1- -15, and No. 8 spring.. 81. .05 al. Is. At
Duluth No. l northern in store was 1hc
lower, and at Minneapolis that grade was
sc lower. st. Louis was steady; No. 2
in store, 81. Is. Kansas City was easy
at S1.06@1 .07 f. o. b. for No. 2 hard
There was no change for the better in
shipping business in corn, the rate situa-
tion and light offerings making business
on any good scale impossible. Sales were
10000 bu No. to the East and G. 900 bu
600 bu. -
Weather Map-Nebraska, generally