The Saint Paul globe., 1905-01-15
MAY WHEAT CLOSES
> > CENT HIGHER
Worlds Shipments Estimated
100000, or About 1000, 900
Under Requirements

Minneapolis Chamber of Commerce, Jan.
14.-The market has been rather lively
today, but within Il -cent range. Liver
pool closed a little lower and other for
eign markets were either unchanged or
showed little movement either way. There
was some pretty lively trading on the
curb and at a higher range, giving the
market a strong opening, which met with
some realizing sales by yesterdays buy
ers and causing a momentary decline in
prices. The demand, however, was more
than enough to absorb these offerings and
prices soon took turn for the better,
gradually working up to above call price.
1t being Saturday and a short session,
holders of calls concluded that it would
do no harm to sell against their calls and
make a little scalp on the short side for
a turn.
The selling by early buyers and against
calls soon supplied the demand and prices
eased off fractionally until just near the
close, when weakness in Chicago started
the market here to follow suit ond prices
melted rather rapidly for a few minutes,
although the decline did not reach below
the former low point of early in the ses-
sion, the market closing about steady
at slightly better prices than for the day
tant selling or buying, the scalping pro-
fessional element doing practically the
bulk Of the business and being satisfied
with small profits. Both the bulls and
much wheat and are willing to play close
to shore for the time being at least
MmneapODS STOCKS again SnOWeO, a Qe-
crease of $4,000 bushels for one day, the
official decrease for the week being cor
rected to 659 ,S25 bushels. Receipts here a
little more liberal, being 357 cars, includ-
ing IL Canadian, against 394 a year ago;
Duluth had q against 81; Chicago IL,
against 26; Kansas City 63, and st. Louis
So 900 bushels
Ciearances of wheat and flour, 233, 600
bu. Primary receipts, 527 900 bu, against
100000 bu year ago; shipments, 216,000
bu, against 26S 600 bu. Worlds shipments
aCtI tod hn q
Australian shipments of wheat were 776,
600 bu; last week 424, 600 bu, and last year
1872 600 bu.
Liverpool wheat closed I'd lower, Lon
don and Antwerp unchanged, Berlin &c
lower, Budapest &c higher Paris wheat
8 centimeS higher to 5 centimeS lower.
Flour unchanged.
-, Broomhall estimates the worlds ship
o. ments for the week at about 100000 bu,
of which about 6,400.000 bu will be taken
by Europe. He expects moderate de-
: crease in the amount of breadStuffS on
passage. Arrivals Of breadstuffs into the
United Kingdom the past week were about
2,S09, 900 bu. against 3,160000 a year ago.
Liverpool ool-Wheat---Opening prices were
unchanged, owing to talk of the light
worlds shipments. but later all months
declined I'd in sympathy with the weak
ness in corn. Corn-Initial quotations
were unchanged, but the expectation that
arrivals next week will amount to about
shipments demoralized the market, the
nearby deliveries declining 1kd and
March Sd but later the latter month re-
covered I'D. Throughout the decline
there was heavy liquidation going on.
Chicago Cash BusineSS-The same mod
crate demand for cash wheat noted Thurs
day was again in evidence yesterday. Out
side millers took $4,000 bu, mostly hard
winter, and business on sample tables
was limited to a few cars sold at prices
about 1sc under those of the day before.
At Minneapolis the close was steady; No.
/ northern i store, 81 .15s4, and cash de-
mand was reported quiet. Duluth was
steady at 81. 141k. Kansas City quoted
No. hard at 81. .0S to 81 10, and no round
lot sales were reported AT st. Louis No.
2 red was &c to. 1ac lower. There was
$4,000 blu and few bids of any kind in the
market. Sales of oats were 900 bu
white clipped and $4,000 bu standard at
&c under May in store.
Weather Map-Nebraska. part cloudy. 2
below, trace of precipitation at Omaha
and showing there this morning; Iowa
generally clear, 10 to IL below. trace of
precipitation and showing at Sioux City;
Illinois. fair to clear. below to 8 above,
precipitation 90 at Cairo: Kansas, cloudy,
6 to 10 below, no precipitation; Missouri,
clear and zero. Fort Worth clear, IA
above; Ohio valley. partly cloudy. IA to
18 above, precipitation trace, .08, showing
at Nashville.
Forecast-Illinois. Indiana, Missouri,
Wisconsin. Iowa, Nebra ska Montana, Da-
kotas, fair and cold tonight and tomor-
row; Lower and Upper Michigan. Kansas.
cloudy tonight and tomorrow with snow
f1urries; Minnesota, snow flurries near
Lake superior tonight and tomorrow
Range in Minneapolis Prices