The Saint Paul globe., 1905-02-22
PRICES STRONG and
HALF CENT HIGHER
Trading Quiet, of a General
Evening Up Character on
Account of Holiday

Minneapolis Chamber of Commerce,
Feb. 21.-Trade today has been narrow
and greatly restricted, with only half a
cent range, opening on the bottom and
closing on the top. After rather tame
opening, the market developed consider
able firmness and as the session pro-
gressed became very strong. The prin-
cipal cause of the firmnesS was the small
receipts, notwithstanding the better
weather was expected to cause a more
liberal movement. Our receipts amounted
to $4,000 bu and we shipped 121 900 bu:
Kansas City and St Louis received 95. 600
bu and shipped $4,000 bu. This rather re-
flutes the claims of the bears that there
Is no cash demand for wheat at any of the
primary wheat receiving points,
Liverpool was weak and lower but this
had no effect on prices except on the early
curb trading, our May selling at s1.15K
on the curb, but by the time of the OPEN
ing had worked back to where it closed
the day before and the market opened
unchanged from the previous closing
ngures for May, meeting with a moderate
demand from both longs and shorts
gradually worked up to call price where
selling against calls checked the advance
Tor the time being. All the wheat sold
against calls was gradually absorbed the
market SidaT;e taxing AKIN the wheat very well, con-
Slderlng now extreme bearish the crowd
nave been on wheat the past two or three
days. Near the close, traders who had
soid calls, started in to protect themselves
ana ralled the market fractionally by
their purchases.
The talent are rather mixed on the situ
atlon, the bears are afraid to go short to
any extent, fearing that the bull clioue
VIII run the market up on them, while the
longs are waiting to see whether they
can discover any material liquidating on
weakness the bulls drop their wheat as
quickly as they can, while 1t is the reverse
on the bears part when the market turns
upward. But for the fact that there will be
no market tomorrow and the scalping pro-
fessional is inclined to even up traders
over holiday, instead of making new
what the closing price would have been
somewhat higher tonight
May opened at s1153s, rallied to s1.15Z
oil and closed at $1.158; July opened
at $l.l32s and closed on top at $1l4h@
1.14A; September opened at 94ihc and
closed at 94k @949sc.
o5S 5MSdnnnespols inn sIo lis stocks show decrease Of
cars. against 594 for two days a year ago;
chicago y, against SO; Duluth 10, against
Joy; Kansas City 107 and st. Louis 40 900
bu. Primary receipts, $50, 900 bu, against
l,l3l 900 bu two days last year; ship
ments: $4,000 bu, against 542 600 bu.
Rockies decreased 779, 600 bu Europe and
$4,000 bu.
fSIpOOl clOSeu W Z2Q lower. Berlin,
Ac lower; Budapest, 1c higher; Antwerp,
%c lower; Paris, wheat, Is centimes
higher, and flour unchanged to 80 CEN
times lower.
Broomhall-The following is a condensa-
tion of weekly foreign crop conditions:
United Kingdom-The wheat plant is
looking fine.
Germany and Hungary-Weather condi-
t1ons are rather unreasonable, but crop
complaints are not serious.
France-Crop conditions are improving
of hoo ut firs-% hara.
larger.
Russia-The weather the past week has
been variable, but there is sufficient snow
to protect the crops. Arrivals of wheat at
the ports are now rather small
Italy, Spain and North Africa-Crop
prospects are fair.
the Punjaub is all right. They reported
a week ago that this state, which last
year raised 115, ,356. 900 bu wheat, had
been damaged by cold weather
Liverpool-Wheat-Af opening un-
changed declines of A@kd occurred, the
factors being lower cables from America,
by small traders. Corn-The market was
dull at the opening. with prices unchanged.
Trading was inactive during the morning,
the only change being decline of l1sd in
weakness in wheat.
Chicago Cash Business-Millers bought
$4,000 bu of wheat in all positions in Chi
cago Monday. Included in the lot was
1900 bu No. spring at 81. IL f. O. b.
The range on car lots of No. spring
was 81 10 to 81. .131a, and No. at 90c to
81 10. No. 2 red, f. o. b., was 81 Ply to
81 %; No. hard, s11S@1 20; No. 3
hard sold at 81. l6; No. 3 red at 81 is to
81 II, and No. 4 red at TIC. st. Louis
lost 1Ac, with No. red in store at
81 1872 al 1875, and f. o. b. $1.1S. Kan
sas City was easier at 81. .09 to 10 for
No hard. Corn sold at kc decline in
the sample market in Chicago. with sale
for shipment of 100000 bu. Oats lost nc
to 14c. with sales of $4,000 bu. At the