The Saint Paul globe., 1905-01-08
FUTURES STRONG
HALF CENT HIGHER.
Cash Demand From Local and
Outside MiIIers Continues
Excellent

Minneapolis Chamber of Commerce,
Jan. Liverpool begins to show some
signs of following our markets. coming
strong and 1z@%d higher this morn
ing. Receipts We're again small, while
the cash demand was very strong for
milling wheat, with a higher market
on all grades. showing larger adj
vance than the futures. Competition
is becoming very brisk for milling
wheat between the local and outside
millers, making very active cash
market. Outside millers have at last
got their eyes open. to the fact that
there is a great scarcity of good mill
ing wheat and are buying in large
quantities, both from the sample tables
and from terminal elevators, the low
grades being especially strong.
The market for futures has been
quiet today, with a rather small trade,
the bulls having the best of the days
operations by half a cent over the
previous closing figures. The stronger
ing of short wheat on the curb and
gave the market strong and higher
opening. There was little realizing
at the advance, which caused a reac-
ton of a quarter Of a cent, but this
was soon recovered and another half
cent tackled on, making an advance of
q from the low to high point and
est has been pretty we'll covered and
the bears are not inclined to put out
new lines, except for scalp, the bulls
are also somewhat timid about adding
to their lines, being afraid that the
Wall. street crowd will dump lot Of
wheat in the Chicago market, which
would naturally affect this market to
some extent.
May opened at Silt, sold off to
$1.16%, rallied to $1.171a and closed at
$1.17ss. July opened at S1.14A @L14as,
sold off to $1.14H @114N, rallied to
$1-14A @1.14% and closed at s1.14% @
1.14%.
Minneapolis stocks decreased 10000
bu for one day. Receipts were 266
cars, including 2 Canadian, against
$50 year ago; Duluth So, against 58,
Chicago %, against "a, Kansas City
rs and st. Louis $4,000 bu.
ClearanceS of wheat and flour, 1000
bu. Primary receipts, $4,000 bu,
against $4,000 bu last year; shipments
100000 bu, against 1885, 200 bu. Worlds
shipments for Monday estimated at
100000 bu. Australian shipments,
424,000 bu; last week, $4,000 bu; last
year, 100000 bu.
Liverpool wheat closed A@%d
higher; London, Berlin and Antwerp
unchanged; Budapest 1ac lower;
Paris wheat 10@20 eentimes lower,
flour 15 centimeS lower.
Broomhall estimates the worlds
shipments for the week at about 8,000,-
000 bu, of which 100000 bu will ~be
taken by Europe. He expects mod
crate decreases in the amount Of
breadstuffs on passage. Arrivals Of
breadstuffs into the United Kingdom
during the past week about 1000, 900
bu, against 4,0S0,000 bu a year ago.
Broomhall: Wheat-Covering and
talk of small Russian shipments caused
an advance of 1sd at the opening in
each delivery and later further gain
of 3sd in March, Il d in May and vs. In
July. Towards the close both March
and May lost I'D of the advance, owing
to selling by Laplatta houses. Corn
The market at the opening was un-
changed, but owing to profit taking by
shorts a gain of I'D occurred in both
deliveries later. The general tone to
the market is easy.
Chicago Cash BusineSs-Cash wheat
prices We're stronger in all markets, but
trading in Chicago was slow. No. red,
f. o. b., was called $1.17@1.17K; No.
8 red, $112@1.15; No. hard, $1.14@
1.16, and was offered in the pit in
round lots at $1.15. The only sale Of
spring wheat was a car of No. hard
variety at $1.05.
In Minneapolis millers bought 300,-
600 bu low grades and prices were
stronger. st. Louis was up close to
the high point of the season at $1.18ss
for No. red in store, a gain of 1zc,