The Saint Paul globe., 1905-01-07
EVERYTHING IN
SIGHT SNAPPED Up
Market Opens Slightly Easier.
but a Good Demand Gives
a Strong Close

Minneapolis Chamber of Commerce, Jan.
6.-The market today gave unmistakapie
indications of what it has IN store In the
way of inducements to the bulls Much
of what we have been predicting is now
beginning to appear. Northwestern re
ceiptS are running light and mlierS IN the
interior have commenced to draw wheat
from this point, millers are reported as
buyers of some round lots from terminal
elevators three lots of 1000 bushels be-
ing reported so far. They were also eager
after wheat on the same tables Stocks
of wheat again yesterday showed another
decrease and the total increase for the
week is but 1OO, 900 bushels AT ST. Louis
and Kansas City cash wheat sold at the
highest point on the crop, while mere
No. northern sold within 1 cent OF May
price with low grades up in proportion.
Liverpool was a little firmer today and
gave the market on the curb very strong
tone, selling at s1.161s. This demand be-
opening was at slightly lower figures than
the previous close, but at practically the
Bottom figure for the day. The demand
showed considerable Improvement and
when, the action of the cash market be-
came known there was a scramble on the
part of the shorts to get back the wheat
they sold earlier in the session. This de-
mand soon put the market on a much
higher level and. new top was recorded
Tor the May option on this last squirt,
from where it started some two or three
weeks ago, breaking through the 81. IL
mark and closing very strong and within
&c of the top price.
Trade was not so very active nor We're
9the amounts traded in large, still there
was enough. of 1t to give the market
rather lively appearance at times. The
trade is somewhat afraid of the Wall
street crowd who do not wish a very ac-
tive or runaway market just at this time
and let go bundle of wheat when it be-
comes evident that the bulls are getting
the market too much their own way. On
all breaks, however, they are sure to re-
place their sold out lines, thus keeping
3 intact their large line of long wheat, va
Tiously estimated at 100000 to 2O,oo0,-
900 bushels.
Reliable parties here and who are in a
position to know, estimate the amount of
wheat in country elevators at 100000
bushels against 6,S00,000 bushels last year
and II, 1,000,000 bushels two years ago,
and say that the amount in country ele
vators and farmers hands is the small.
est ever known. President Cortelyou, of
the Kansas Grain Dealers association,
says he does not believe there is 15 per
cent of the wheat crop left in theA farm
States is reported to show decrease of
10000 barrels for the month of Decem-
ber.
May. wheat opened at s116s, sold at
at s1leS Jgly wheat opened at = sllS1a;
LAS and closed at 81. 14A.
Minneapolis stocks increased 100, 600
bushels for the week. Receipts here $50
cars including 43 Canadian, against 401
year ago, Duluth 46 against 81, Chicago 3S
$4,000 bushels.
Clearances of wheat and flour for the
day $4,000 bushels, and for the week L.
$4,000 bushels. Primary receipts of
wheat $4,000 bushels, against 653, ,000
bushels a year ago Shipments 305, 900
bushels, against 282. 100 bushels last year.
Argentine shipments of wheat 200
bushels last week 512, 900 bushels, last
year 160, 600 bushels.
Liverpool wheat closed I'd higher, Lon
don unchanged, Paris wheat solo CEN
times lower, flour 10@15 centimes lower,
Berlin sc lower, Antwerp unchanged,
Budapest, holiday.
Kennedy & Moon, the New York Gus
tom house brokers' in circular SAY:
Referring to our letter of Dec. Is, adj
vising the nillers of the allowance of
drawback by the treasury department on
flour made wholly from Canadian wheat,
we have now to supplement this informa
eral has within few days rendered an
opinion favora bic to the allowance of
drawback on -four made from Canadian
and domestic wheat combined. therefore
the millers are free to grind Canadian
Z wheat now as if there were no duty on it.
and in so doing they will not be hampered
in any manner by the officials in Washing
ton except for the single fact that their
records must show the respective GUAM
titles used and also be able to refer by
their records to the duties on the inn
ported wheat
A Milwaukee Special says: t"The stock
OF wheat In the visible supply is given as
S05s000 bushels. OF this IL, 900 bushels is in
the public warehouse and the balance is
in private houses The visible figures