The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-05
WEAK OPENING,
STRONG CLOSING
Shorts Becoming Nervous Over
Continued Strength
i'm Wheat

Minneapolis Chamber of Commerce.
March 4.-The Larger Argentine shipments
yesterday and comparatively heavy
Australian shipments reported this morn
ing for the week. caused the Liverpool ca
bles to come rather weak and somewhat
slower, our advances of the past two or
three days not having any effect on the
Liverpool market. This continued weak
ness over the water encouraged the bears
to hammer prices on the curb, which at
one time was down to S1.12A for the May
option, the opening price was &c under
the close of the day before 1t was the
same this morning as on Thursday and
Friday. the market opening at the bot
tom figure for the day and steadily adj
Vancing and closing strong.
good demand was met at the opening
which soon pushed prices through calls,
the selling against them causing only
moderate reaction. prices quickly recov-
ering and gradually worked through call
price for half cent just before the close.
Pront taking on the advance closed the
market within a small fraction of the
best price for the day. The demand was
much better from the longs than during
either OF the past two days, and IL looks
as though the bulls had regained their
lost courage and were picking up the
wheat they dumped during the early part
of the week. There were no special pit
features, the buying and selling was
quite general among the different commits
sion firms with scalpers playing both
sides of the market.
The cash demand was reported as be-
ing excellent with all classes of buyers i'm
the market and prices show another gain
as compared with futures. No. northern
selling at 1k@1c over May price, No. 2
northern 219@31kc under, No. at $1,000
l 05. No. S8@9Sc There were reports
Vator interests but they could not be
confirmed. Receipts again fairly liberal
but it looks though it was the fag end
OF the movement, at least for the time
being.
May wheat opened at $1.13@L1SA. raj
lied to $l14@114A and closed at Silica;
July opened at $1:101k, sold at $1.103s,
rallied to $l.11A. closing at s1:111s. Sep
TENDER opened unchanged at 923lc, sold
up to 93c and closed at 92%c
Minneapolis stocks show a decrease of
$4,000 bu for one day. Receipts 2S2 cars,
including Canadian. against 2S4 a year
ago. Duluth II. against %, Chicago 80
against 80, Kansas City 60, and st. Louis
41.600 bu. Clearances of wheat and flour
155.0 600 blu. Primary receipts, 900 bu
against $4,000 bu shipments $4,000 bu
against POI COG b1; o. Worlds shipments, es-
ments 1880 900 blu, last week 1,04S 900 bu
and year ago $40, 900 blu.
Liverpool closed A@Ad lower, Berlin
and Antwerp unchanged. Budapest nc
lower, Paris wheat unchanged to 10
rcentlmes higher, flour 10000 confines
higher.
Liverpool Wheat-The heavy Australian
shipments and talk of large worlds ship
ments for this week caused opening de-
cllnes of I'd and further losses of I'D
This latter decline was afterwards recov-
cred in May as the result of free buying
by large houses Corn-The estimate OF
smaller American corn shipments to Liv-
erpool the past week, together with an
increasing spot, caused a steady opening
"a With prices I'D higher. further advances
OF Ad and Esd occurred later. Broomhall
predicts the worlds shipments this week
will be about 100000 bu. of which Eu-
rope will take about SS00,000 bu He pre-
dlcts moderate increase on passage Ar
rivals OF breadstuffS past week about
100000 against 100000 the previous
week.
=. Chicago Cash Business-A few cash
handlers did good business Friday; sales
$4,000 bu one house selling the most, a
good part being Colorado. Prices were
a tri1e better in some instances. No 2
red, 81. 10; No. 3, $1.03 to $1.O41s No 2 hard
better in some instances. No. hard