The Saint Paul globe., 1905-01-29
WEAKER OPENING ON
LOWER LIVERPOOL
Australia Increasing Her Ship
ments-WorId's Shipments
Estimated 100000

Minneapolis Chamber of Commerce. Jan.
Slat has characterized the trade of the
lest of the week. The opening was a
trifle lower on lower Liverpool markets,
larger Australian shipments and an esti-
mated worlds Shipments for the week of
100000 bu. The opening figure, how
ever. proved to be the low point for the
a cent on short covering and little buy
ing for long account This demand was
soon filled and prices then dropped back
into rut around the closing price of the
until near the close, when some of the
pears became nervous and covered a little
wheat, not wanting to go over Sunday
short to any great extent.
The principal bullish item in today's
news was from Broomhall, the great Eng
lish grain authority, who wired that he
of the Argentine eXportable surplus 10,-
600, 900 to 15,000,000, and now places it at
Sl,0OOo0O to S6,O00,000 million He also
reduced the. Australian surplus 100000,
placing it at 15,000,000. The cash situa-
ton remains very strong, millers were ac-
1--WE bidders for the small offerings and
st. Louis was also reported as having d
very strong cash market. From the way
receipts have been coming in the past two
days it looks as though we would have a
very light movement the coming week,
and millers will be compelled to draw on
elevator stocks for supplies for grinding.
IL IL,
81. 15%, dropped back to 81. 1875 and clos
ed at 81 ;15%; July opened at 81. 12s4, ad-
Vanced to 81 .13A, sold back to 1.12B,
81. 1SH. - 80 % anu 7ef'seo s'ioi's a.
Minneapolis stocks increased 10000 bu
for one day. Receipts, 201 cars, including
luth GA, against %: Chicago 16, against
Is; Kansas City, 3S and st. Louis SO, 900
bGd bu; Clearances of wheat and flour, 54,
against $4,000 bu year ago; shipments,
$4,000 bu, against 18S,000 bu. Australian
shipments, 1,4SO,OOO bu; last week, / ,O32,-
Liverpool closed 1ad lower, London and
Antwerp unchanged, Berlin Ac lower,
Budapest, &c higher, Paris wheat SOLO
Broomha!l-Broomhall estimates the
worlds shipments this week at about
100000 bu, or nearly 100000 bu larger
will probably take about $500, 900 bu. He
predicts there will be some increase in the
quantity of breadstuffs on passage. Ar
rivals OF breadstuffs into United Kingdom
during the past week about 1000, 900 bu,
against 100000 bu last week and $780,,
600 bu last year
mate on the Argentine and Australian ex-
portable surplus offset the declines in
America and caused a steady opening, with
prices unchanged. Offerings of Argentine
wheat were larger than yesterday, how
ever. which, combined with weak and
profit taking, caused declines of Esd and
both months lost a further 1sd on esti-
mate of large shipments to Liverpool the
past week.
Chicago Cash Business-Buying of cash
wheat at Chicago was slower yesterday
and prices on poor wheat shade lower.
No. 4, 81 II; No. hard. 81. n to 81. 16;
No. hard, SLIP. The only sale of spring
wheat was a car of No. at TIC. In st.
Louis No. red closed &c higher at
Lag, or May price and .16 to 81. .171s
I. o. b. At Kansas City Minneapolis mill
ers bought 100000 bu. Good wheat was
said to be scarce, most of the offerings
on all grades, however, were 1c to &c
higher and samples cleaned up better than
for ten days. No. hard was S1.06 to
81 0S. Corn was slow sale and prices un-
and exports were $4,000 blu. Sales of oats
We're $4,000 bu for Eastern shipment. At
the Seaboard exporters sold 144, 600 bu
corn for export.
Weather map shows generally cloudy
weather everywhere; little colder in
Northwest, Iowa and Nebraska; warmer
southwest and Ohio valley; there is
light snowfall in Iowa, Nebraska, North
and Northwest it is part cloudy, IA below
to above; precipitation. .01 to 80; in
the Dakotas and Minnesota it is partly
cloudy, Is below to above; precipitation
.O1 to 10 and showing at Rapid City
Forecast-Illinois, Indiana, Missouri
Iowa, South Dakota, Nebraska, Kansas
Probably snow flurries tonight and to-
morrow. Lower Michigan, Wisconsin.
MINI s6d DaaOtas MontanaEar to-
Generally fair tonight and tomorrow, eX-
cept snow in northeast portion. Indica-
tions are for a continuation of practically
same conditions in this district over Sun
day. except that the temperature will
probably fall in southern portion; scatter
ed snow fiurrieS probable.
Rance In MINNEAPOLIS Prices