The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-10
MAY DOWN TO
$1.1O, JULY Sl.O6ss
Market Extremely Nervous, With
Sharp and Rapid Changes
i'm Prices

Minneapolis Chamber Of Commerce,
March 9.-The market was extremely
nervous and variable with rapid and fire.
quent changes in prices. The Liverpool
market was rather firm in spite of our
weakness of the day before, but traders
are so very bearish that they paid no at
tention to it. The market opened practi
cclly unchanged rallied slightly and then
sharply on offerings of short wheat.
= break resting orders took care of
II the offerings and covering and
demand caused the market to
md prices rallied easily a
7as met with free
nd short account,
ut, prices break
- , point, with a
- lose to the former
oaassSS firm and fractional
j. ,.'an the day before.
Tie isadlnG was very active during the
entire session. although it was not in
during the past few days. The season
able mildness of the weather and many
favorable reports from the winter wheat
country of the fine appearance of the
bearishness in the deferred options, es
pecially in the winter wheat markets and
which came into evidence on covering by
shorts from time to time. The bulls de-
rived considerable encouragement over the
smaller receipts at northwestern points,
being 432 cars less than last week and IS
cars less than year ago. The cash de-
mand was very strong, both local and in
terror millers were after samples today
and prices were strong, No. northern go
ing to 12c premium over May, with No.
2 northern at 2@3c discount.
Many of the traders are looking for a
ports on our stocks. They We're reported
as increasing 15, 900 blu for five days. We
have received so far this week LOGS, 900
bu,, have shipped out 391,540 bu of wheat
shipment of 1,293.0S0 blu, or 227, 160 -bu
more than received.
May wheat opened at $1.1O3s, sold at
S1.10. rallied to $1.11, reacted to $1.10b@
1.10K, up again to Sill and closed at
to s1o67s, rallied to s1cS, reacted to
los. September opened up Nc at SSnc,
sold down TO S7Bc, rallied to 89c;- down
again to SSc, up to S9c, closing at SS% a
Minneapolis stocks increased $1,000 blu
for five days. Receipts. 244 cars. against
299 cars year ago; Duluth II cars,
cars, against z cars a year ago; Kansas
City SO cars; ST. Louis $4,000 Blu. Clear
ances of wheat and -four 1900 blu. Pri-
mary receipts, $4,000 bu, against $4,000
against 351, 900 blu a year ago. Argentine
shipments estimated at 100000 blu:
Liverpool wheat closed HQAd higher;
Paris wheat unchanged to 10 confines
higher; flour 30@40 confines higher; Ant
werp not reported.
wheat continues favorable. but weather
not sufficiently settled and general to af
ford much development. Lessened feed
ing demand for corn makes more avail
able for shipment. Packing 100000
against 100000 last year.
London--English country markets stay
about unchanged. French country mar
kets firm, less offering. Wheat off coast
firm, less offering. Wheat on passage
firm with better continued demand. Corn
on passage quiet. unchanged. One cargo
of wheat has arrived off coast compared
with arrival of one yesterday. There are
now two cargoes of wheat waiting at
ports of call and offered for sale COM
pared with one yesterday.
Liverpool = Wheat = The favorable
American prospects caused an opening de-
cline of 4d in both months and a further
loss of sd in May, but the tone was
strong and later May advanced SD
and July advanced I'd. the factors being
a continued good continental demand for
Argentine cargoes shipped for orders,
while there was also covering by shorts
Corn--After opening unchanged March
eased off 1sd on the fairly large tenders
on contracts, while May advanced a on
speculative buying.
Chicago Cash Business-Millers are only