The Saint Paul globe., 1905-01-11
SHOWS REPORT
VERY BU[LIsH
Sharp Advance Early, Followed
by a Break of IA
Cents

MINNEAPOLIS Chamber of Commerce,
Jan. 10.-TradeTfS were nervous and un-
ducement in the situation for buying, but
the crowd feared to take hold on the pulge
we have had the past few days, and those
who were long began to take tnelr proHIs.
Large operators, and those supposed to be
acting with the Wall street crowd were
also good sellers at the advance, causing
quite a sharp decline from the rally snort
ly after the opening. 1t looks as though
the manipulators were afraid of runaway
market and are going to keep a curb on
speculation, for the time being at least,
by selling big chunks of long wheat when
ever it begins to show too much activity
on the advances.
The news, with the exception of the
lower Liverpool cables, was all of bull
ish character. The delayed visible report
showed a fair decrease, the first on the
crop. Bradstreet also reported a very
heavy decrease in the worlds visible and
Snow was also out with bullish report.
While the primary receipts were very
small, especially at the Northwestern
points, like Minneapolis and Duluth the
erpool market, but met with a ready de-
mand, and when the visible came out
there was a scramble by some of the
shorts which caused the market to make
AT this time the larger operators took
hand in the game and supplied the
wants of the buyers. AS soon as this de-
mand was filed prices began to show
heaviness and sold off rather sharply,
closing at near the bottom figure for. the
day. This break puts the market in a
more healthy condition and relieves the
congestion which has been. SO prominent
of late to a certain extent.
May wheat opened at s1.1S1s, advanced
to $l.19A, broke to $1.17A: recovered to
$1.1S1s. broke a cent to $1.172 and closed
at $117ss July opened at $1.151s, sold up
to $1.16ls, on the break sold at $1.14% and
closed at .$115b@1.15A. The latter
month was the stronger of the two at the
close, only nc under yesterday, while May
is &c under.
Minneapolis stocks decreased $50, 900
cars, including 6 Canadian, against sO2 a
year ago, Duluth 6S against ia. Chicago
q against 81 Kansas City 167 and st.
Louis LOCO bushels. Clearances of wheat
ceipts; 47o,00O bushels against 7S1, GOO
bushels last year. Shipments, 297, 600
bushels against 47S,000 bushels.
bushels. a decrease of $4,000 bushels.
Corn, 10.919,0OO bushels, an increase of
1,342,000 bushels. Oats, q ,2e2, 900 bushels,
q decrease of 100000 bushels. The vis-
ible year ago showed an increase of ST.
000 bushels. Bradstreet reported wheat
east of the Rockies decreased 1,095, ,000
: bushels. Europe and afloat decreased
5,300.00O bushels a total decrease of G,
$4,000 bushels. Corn increased 1888 900
bushels, and oats decreased 2,0S5, 000
bushels. @ year r. ago there was an in,
stocks are reported at 4,9S4, 900 bushels, a
decrease of .10S,OoO bushels. Corn, .412, ,0oC
bushels. an increase of $4,000 bushels.
Liverpool wheat closed I'd lower. Lon
don and Antwerp unchanged. Berlin and
Budapest, sc higher, Paris wheat
centimes lower, flour 5 centimes higher
H. v. Jones, in the Commercial West
says: Perhaps the important fact to
take note of as development of the week
in the wheat market is the advance in the
price of low grade wheats in Minneapolis
The advance amounts to as high as 2s
cents on the lowest grades. as compared
with month ago. Wheat of this class
that sold a few weeks ago at 20 cents
sold today at 95 cents, while No. north
ern wheat has advanced about cents OF
May price. A fair conclusion is that ths
May wheat is today the cheapest class o.
wheat in the market. This is the con-
tract grade"
Broomhall's foreign crop summary
United Kingdom-The crops are vigorou.
in appearance. AFrance-The crop situa.
tion is generally satisfactory, as there i.
now moderate covering of snow. Ger
many-Ditto. Hungary, Roumania-Tht
recent freezing weather did not harm tn,
crops, although the snow covering is still