The Saint Paul globe., 1905-01-01
MAY WHEAT CLOSES
A CENT HIGHER
Trading Fairly Active for Sat
urday, Prices Showing
11-2c Range

Minneapolis Chamber of Commerce,
Dec. 31.-Statistical information such as
it was, was of somewhat bullish char
acter. The tailers on, were shaken out
of their wheat pretty thoroughly yester-.
day and a number Of them wanted it
back again this morning, having recover
ed their nerve. There was moderate
demand on the curb, which advanced
prices little, the. opening figures being
about u higher than the closing prices
of the day previous. Bears made drive
at the market after the opening which
Carried prices down three Quarters of q
cent, but when they found that there
was no long wheat coming out, they turn
ed buyers
The buying from this source and for
long account resulted in a sharp rally just
before the close to $1.16 for May: The
On On the way way up up and it looks as though the
slump of yesterday. was manipulatiye
one to drive out a lot of the small fry who
are playing ia with shoe string Ig ma marglns;
rather evident, as the small orders today
were not so much in evidence as the two
days previous. This is no market for
only puts up cent margin on his trades
The large interests are milking the mar
ket and waiting for good time to work
a bull campaign. Wall street interests
are standing pat on their large lines and
are not likely to let go any anywhere
near the present market value of wheat.
all points, Kansas City reporting that
Minneapolis millers were good buyers
there of their hard wheat and paying a
good price for it. The cash demand here
was strong and prices show a larger gain
than the options. 1t looks like decrease
In the visible supply Tuesday. and when
rapid, it is doubtful if there is more than
one or two more increases on the crop.
Later reports place the increase Sc for the
week here at a little over $1,000 bu in
stead of 32h 600 DIl rpnOTt6d VASter-
day. Receipts are running light and will
from now on.
sl5 M5 Taefe bnefe fDeaffd 3D E Ta to s9s ss
at u sisz sSa S WHICH m proved to be the opehs ioW
P15 11s @9ffed snd cossd P w1th at s1isg Msg to
Minneapolis stocks for the day show
an increase of $4,000 bu;. Receipts here
81 81 cas sa chtaggo gear 1 Ransay R4aay cg g a
st. Louis SO, 1000 bu. Clearances of wheat
and flour for the day. $4,000 bu. Pri,,
mapg Teeepss Sf Wheat, $4,000 Du and
{ The English visible increased $4,000
'bu for the week. Worlds shipments es-
Australian shipments for the week. a52.--
900 bu; last week $4,000 bu and last
year 592, 900 bu. Odessa stocks of wheat
reported at 100000 bu against II, ,000, 900
ments have been large. Exports Of wheat
and flour from the United States and
.SanaQa from July l. TO cate "a, S64, O0U Du,
against 81, 600 bu for the same period
last year.
Liverpool wheat closed unchanged, Lon
don I'd lower, Antwerp unchanged. Berlin
and Budapest &c lower Paris wheat
5000 centinesy lower, -four SOLO cen
times lower.
Weather-Extreme north and north
west, generally clear, 16 to 80 above.
Northwest, clear and generally higher
temperatures, 50 to 81 above.
West and southwest, clear, higher tenn
peratures 3 to So above, light showers in
Oklahoma and Wichita.
{. Ohio valley, clear and rising tempera-
lures, 36 to 40 above.
Weather forecast: Illinois, Indiana,
Lower Michigan, Wisconsin,, Minnesota,
Ohio, Missouri-Fair tonight and Sunday;
moderate temperatures; southwest winds.
North Dakota South Dakota, Nebraska
Generally fair tonight and Sunday;
cooler west portions Sunday; brisk south
west to west winds.
Kansas-Fair tonight and Sunday, mod
crate temperatures; brisk southwest
winds.
Rance In MinneapoIs Prices