The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-03
MARKET ACTIVE,
WITH NARROW RANGE
Cash Demand Shows Improve.
ment From Local and In.
terror MiIiers

Minneapolis Chamber of Commerce
March Gables this morning were rath-
er weak on account of expected large Ar
gent1ne shipments of wheat This, how
ever, has no bearing upon our prices.
winch are based entirely on the domestic
situation; The market opened weak. the
pears got after the longs on the curb and
opehed the market down about sac The
more liberal receipts than expected with
expected large Argentine Shipments and
continued mild weather throughout the
VIA, mneat country had a depressing effect on
prices. good demand sprung up at the
opening and rallied prices to nearly the
crossing OF the day before At the adj
vance vance the shorts started their hammering
tactics again and pounded the market
ooWn TO around the opening figure.
Prlces remained down but a very few
minutes MN the scalping bulls began to alb
shorts did not like and drove them to
cover again, prices advancing sharply
nearly cent. and the close was firm and
put put 1ractlonally lower than the day be-
Lore' trade was little more quiet to-
Gay and not nearly SO nervous The
dumping of so much long wheat the past
Two or three days has cleared the atmos-
phere and left the market in more
healthy position than it has been in for a
long time. From the best posted in the
grain trade we learn that they expect a
t Hea{ sharp th falling off in receipts shortly,
wheat Is now coming in and should all be
In within the next ten days. We learn
cmdI Ihe fea ave system of elevators has
Vators, the Federal Elevator company
about 10000 blu, and that this will all be
shipped out this week
While receipts have been liberal, we
are shipping out and using more wheat
man we are receiving, as the decreasing
We're loaded out of elevators. of which 20
yesterday We're $4,000 bu of wheat and
DO, 204 brls of flour. At this rate we will
md that our stocks will be practically
notnlng at the beginning of the next crop
There are number of good traders
VINO said they bought wheat yesterday
and today regardless of what Gates is
doing IN the market; They expect sharp
see many breaks like we have had the
past two days. and that they are expect
ed In big market. The tactics Of the
bull leaders have been changed and they
are scalping in and out of the market SO
fast and doing so much of it that brokers
VINO get most of their orders do not know
how the bull interests stand at the close
OF each days business. Most of the pro-
1ess1onals are still bearish and are selling
short on all weak spots. Those who
were afraid of the short side around
$1.Il01.lS are now very beariSh and put
ting out short lines on any little advance
We have had a break of over &c in the
past two weeks. and it does not look good
to short the market after such decline,
with the statistical position remaining
unchanged.
Chicago reports that Crop Expert w. B.
SNOW. Will be out tomorrow with a report
on winter wheat conditions which will be
extremely bullish.
May wheat opened off Is csc at SLIPS,
advanced to s1.12%, dropped back to
Slip, advanced to s112%, and closed at
$1.12%; July opened at $1.1O, sold down
to $1;O91A al ;O95s, advanced to $1.10as,
opened at $3.50 sold up to 92Mc, reacted
to 929s @9212c, and closed at 921a @925sc.
Minneapolis stocks decreased LIS, 900 blu
for five days. Receipts, 362 cars against
1856 year ago, Duluth 16 against 80, Chi
cago 16 against 80. Kansas City 81 and
st. Louis $4,000 blu. Clearances of wheat
and flour, $4,000 blu. Primary receipts.
$4,000 bu against 593, 900 bu year ago.
Shipments, 100000 bu against $4,000 bu