The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-30
JULY At ONE TIME
SC DISCOUNT
Heavy Selling Early, Closing
Stronger With Cent and a
Half Rally

Minneapolis Chamber of Commerce,
March 29.-The weather map on the whole
was a favorable one, and with weak and
lower cables the bears were very agrees
sive during the early part of the session,
or up to around the noon hour. when a
covering movement set in which carried
prices up 12c from the low point, which
was the lowest so far on all futures. The
wheat market presents very discourag-
ing outlook to the bull interests at present
Everything seems favorable to the bear
party, and being flushed with victory
where they have compelled holders of mil
lions of wheat tc throw ii overheard, and
very considerable amount OF it at
great loss. they are pounding the market
on every little rally. The market shows
decline within about a week of over &c.
and has put the shorts on easy street.
for the time being at least
The market opened weak and fractional
ly lower this morning on the selling by
bears on the curb. There was a little sup
port at the opening which Steadied prices
ed their old tactics of hammering and
shortly before the noon hour had forced
decline of &c from the opening price. The
decline was checked by covering by some
of the shorts and against puts, while a
number Of the professional scalpers. be-
heving that the decline had been too rapid
with scarcely any rally, took the long side
for turn. Offerings seemed to have dried
up on the decline. as large stop loss or
ders had been filed on the downward
movement. Buyers were compelled to bid
the market up to secure what wheat they
wanted, prices becoming firmer as the
advance progressed. The closing was firm
at nc from the low point, but 14c under
the opening figure.
The cash demand was poor, No. / and
2 northern sold all right, but everything
else was hard to sell at anything like sat
isfactory prices. Outside markets report
ed the same conditions as regards their
cash markets. 1t looks as though the
lower the price went the less the millers
seem inclined to take hold of it. A num-
Der of brokers are informing their Gus
toners that they can assume no respon
sibility regarding open or stop loss orders
in May wheat, so it is quite likely that ad-
Vances or declines may become so severe
at any time that it would be absolutely
impossible to execute stop loss orders at
limits.
at 81 OSss. dropped to 81. O6ass, rallied to
81 OTIS, closing at 81 OK @A. July open
ed off a @3sc at 81 ;0S3s, sold at 81 O31k:
broke to es1:o1as; rallied and closed at
81 OPS. September opened unchanged at
SIS 1sc;3 sold down to S4l4c, rallying and
closing at S4sc.
Minneapolis stocks decreased 10000 bu
for four days. Receipts I'll cars, against
223 year ago; Duluth 8, against 81; Chi
cago 20, against IA; Kansas City 3S, and
st. Louis 900 blu. Clearances of wheat
and 5S odd -four $4,000 b sg od Primary receipts
Minneapolis shipped $4,000 blu of wheat
and $4,000 brls of flour.
Liverpool wheat closed q @1d lower,
Berlin &c lower, Budapest &c higher,
Antwerp unchanged Paris wheat CEN
times higher, flour unchanged to 10 CEN
times higher.
Liverpool Wheat-Opening prices were
I'D to Esd lower, with further declines
later of Hd to sd. the weakness being
due ito heavy liquidation by large houses,
based on Gov. Stanard's estimate of the
Kansas q
mand for both cargoeS and parcels. Corn
March opened steady and unchanged and
later gained I'D on covering by shorts;
May was easy, opening I'D lower and
losing sd further as the result of cheaper
Argentine offerings.
Chicago Cash Business-A little demand
into contract grade for delivery on May
sales, but for other grades there was
absolutely no call from millers except for
an occasional car. These who have wheat
sold find difficulty IN getting shipping di
rections. A sale Of 5000 blu No. 2 red was
made at 1c over May in store. The only
other business was 5000 bu. made up Of
car lots of all grades. Prices were lie to
&c lower. No. 2 hard was 3Ac to 31kc I'M
der May in store. No. hard sold at
81 90, No. red at s1.05, No. red at 92c,
which a week ago sold at 81. 05. No
spring sold at $1.02 and No. at same
price.
In ST. Louis No. . red 9. o. b. was s112
to 1.13.
Kansas City said so cars were OH the
sample tables there unsold and no demand
Corn prices averaged 12c lower. There
were sales of 10000 bu for shipment and
export. Oats off 12c for the poorer grades
and unchanged for good. Sales $50 900
bu. At the seaboard exporters sold 10000
Blu. Manitoba wheat. 152, 600 bu corn and
$4,000 blu cats.
Weather-Map shows lower tempera-
lures all over the country, with general
rains in northwest and Nebraska Iowa
Illinois, Missouri and Oklahoma. Heaviest
Coll
inch. Temperature is below freezing point
at Dodge City. Kan. This is the lowest
point south of North Dakota, and Will
liston is the only place that is lower.
Ohio valley. 1t is raining this morning
at Cairo and ST.. Louis. Partly cloudy
elsewhere. In extreme north and north
west it is partly cloudy: 16 to 26 above,
local rains .0S to .48, latter at Winnipeg.
Northwest is partly cloudy, Is to IS above
precipitation trace, to .o4. West and
southwest partly cloudy.
Forecast: Chicago and Vicinity--Show-
ers this afternoon and possibly tonight
cooler tonight; Thursday fair. brisk west
eriy winds Illinois. Indiana--Showers
night; Thursday fair. Missouri, Iowa,
Wisconsin-Gcnerally fair tonight and
Thursday. Minnesota, Kansas-Fair to-
Mfchigan-Threatening, with showers m0 and
thunder storms tonight and possibly in east
portion Thursday. Upper Michigan
Showers tonight With cooler in northwest
portion: Thursday partly cloudy North
end South Dakota-Incrcasing cloudiness
and warmer tonight: Thursday probab ly
rain. Nebraska Fair tonight with warm
er in west portion; Thursday Increasing
oioudiincss with possibly showers IN aft;,.'-
room CT night.
Closing Cash Grain Prices
No: hard. sl.;1H; No. northern.
Si.e9t2; No northern. St.O53i M. 3
wheat, 95& @9S@ic; No. durum, sOc. No.