The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-19
BULLS TAKE MARKET
AWAY FROM BEARS
improved Cash Demand-LittIe
News on Account of Poor
Wire Service

Minneapolis Chamber Of Commerce,
March 1S.-The wire service of the pri-
Vate wire brokers was in bad working or
der today, some of them having service
out few minutes at time and others
very irregular, and on this account the
news that leaked through was very little;
both bulls and bears having to form their
opinions of the future course of the mar
ket by guess work. The Liverpool mar
ket was strong and higher and had some
little erect on the curb market after the
opening prices, and markets were made
regardless of news. Shorts were on the
run on The curb and caused the market
TO open up Nc, the support being very
good from both bulls and bears, shorts
covering and longs taking on new lines of
wheat. Prices advanced steadily right
from the opening tap of the bell until call
price was reached, when a little selling
against calls and some realizing by buyers
OF the past few days caused a small re-
action.
The bull leaders gave the market good
support on this little break, prices recov-
erlng sharply and advancing nearly cent.
hour of the close. During the last half
hour profit taking became more general
the market leaders withdrawing their sup
port; with the result that there was a
break OF nearly cent from the best
prices of the day; May closing * @1c high
sr than on the day before and July at * a
strong and u higher on both options
Cash demand good, showing some little
improvement over the day before. both
local and interior millers were good buyers
ana elevators We're not backward in TAX
ing hold, everything except poor wheat
selling readily. No. northern at &c over
der, No 81 .O2@1 06 and No. 4 at SS@
Soc. shipments of wheat out were SO, 600
bu and of flour $1,000 brls.
May wheat opened up hc at S1111h
sold at 81 II e, rallied to 1.12%, reacted
TO 81. ll& closing at 81 115s OLE July
opened d. at 81 OS1k; sold at 81 .0Sas. shot up
x tod 10 ~
ing at $1.Osa4, September opened at
SS%c, sold at SShc, rallied to SS% sec,
broke TO SS1sc, closing at SSAc.
Minneapolis stocks decrease 100 900 blu
for one day. Receipts 243 cars, against
II year ago: Duluth II. against 43;
CD Chicago p against 20; Kansas City 40.
OF wheat and flour 101, 900 bu. Primary
receipts $4,000 blu, against $4,000 blu
year ses ro ago: shipments 255,OOo blu. against
at 100000 bu.; Australian shipments,
900 bu.
Liverpool wheat closed ss@Kd higher,
Antwerp not reported, Budapest &c high
err Berlin unchanged, Paris wheat un-
changed TO centimes higher, flour 100
rs confines higher
Liverpooi-Wheat opening prices were
I'd higher, with further advances later
on sd in May, I'd in July and SD in
September, the factors being the small
buying Of the distant months. Corn-The
forecast of light shipments again this
week and an increasing spot demand
caused steady opening, with March I'D
and May sd higher The latter month
later gained sd.
Broomhall estimates the worlds ship
ments for this week at $500, 600 bu of
which SS00,000 bu will be taken by Eu-
rope He predicts moderate increases on
passage to both the united kingdom and
the continent Arrivals of breadStuffs into
the united kingdom the past week were
about 100000 bu, against 1850 900 blu.
the previous week and 4,150,0OO1 year
ago.
Chicago Cash Business-Purchases of
wheat by mills Friday We're 10000 blu.
mostly in car lots. No. 2 red was 1c and
&c over May in store. No. red sold at
$l07 to s1.10 f. o. b. No. red at 81 o.
No. hard was &c under May in store No.
hard sold I. Q. b; at Sill. Business in
spring wheat was better. No. northern
sold at s115h, No. spring at 81 0S and
No. at &c to s1.00.
St Louis advanced 1850 and No. red in
store closed at $1.05ss. Kansas CITY had
little business In cash wheat, with No 2
hard at $1.01 to $1.04. Messages from
there said the buyers of Thursday were
selling yesterday.
Weather-The map shows rain all oyer
the west and southwest. except in the
ONO valley, and raining this morning al
sioux City Dubuque, Davenport. There
were hight rains or snow in Minnesota
The rainfall is heavy in nearly every
state except Illinois. Temperatures are
much lower in the Canadian northwest,
about stationary elsewhere. In the ex
IRENE north and northwest it is gener-
ally cloudy, to 80 above, local SHOWS.
preclpltatlon :01 to 40, the latter at Win
n1peg, 10 above there. The northwest is
generally cloudy. "a to 40 above precipi-
tation trace to .0S. The west and south
west are generally cloudy.
Closing Cash Grain Prices
No. hard, $115%; No. northern
N:l3Ss; No. northern. sl0SM al. osM:
No wheat. sl.O1% @1O47s; No. / durumm''
g4e; No yellow corn, 45Hc; No. corn
444c; No. 3 oats, 29@291ac; No. white
oats soc; barley, 3S@44c; rye, 57H 679H G:
NO. flax on spot, $l.40; No. 1 fax TO ar
rive, sl.Ss1s; No. 1 flax March option.
Puts and Calls
Minneapolis May wheat puts. 81 10z !.
calls, $1.13ss; curb, $112K: MiIwanlxsse,
May wheat puts, s1.13A; calls 81 1861 !:
SSniy wheat puts. 92Ac; calls, 93ss Se31kc;
May corn puts 4S%c; calls, 1919 a4sXc.
Minneapolis Receipts and Shipments
yuha.4 Receipts. Shipments