The Saint Paul globe., 1905-04-17

short lines, this selling knocking off about
half of the gain by the close of the mar
ket on Saturday.
With the exception of Monday trade
has been fairly heavy and very active at
times, although in the main OF a pTofes-
sional Scalping character. The short in
terest covered up pretty well on the ad-
vance while lot of weak longs We're
shaken out by the break of Tuesday. The
trade and country in general has its eyes
on the Chicago May deal which John w
Gates is engineering. Chicago houses
who are short of May wheat in that mar
ket have been here during the past week
buying both the sample wheat from the
tables and also terminal elevator wheat
to be shipped to Chicago. While they did
not buy much sample wheat, as receipts
OF a good class of wheat have been very
light it is stated that they did purchase
around half million of terminal wheat
paying &c over May price for 1t. No. l
northern sample wheat sold as high as DC
over May price On Thursday, the highest
premium for cash wheat in long time.
There have been numerous complaints
received during the week from points III
the northwest and also all over the south
west. This is especially true from the
winter wheat belt, where there has beeen
a lack of moisture and the nights have
been too cold to give the plant any
growth, while conditions were practically
perfect up to a week or ten days ago.
the crop has been going backward ever
SINCE In many places in the southwest
the plant is turning yellow from some un-
known cause, while reports from Ne
blaska say that fields are filed with Hes
sian fly. In the northwest we have been
receiving complaints that wheat seeded
is rotting IN the ground. the weather be-
ing altogether too cold for the seed to
gelminate. This is especially true where
they are using lightweight seed. when
needs the most favorable conditions from
crop.
In the cash market there has been
gooa demand for No. i northern and
cholce samples of No. northern, with
prices very strong. A week ago No. /
northern was selling at 215 63c over MAY
with the same class of wheat bringing
4@5c over, while No. northern has gone
&c under Elevator interests have pur-
chased close to million bushels of Du-
luth No. l northern wheat to be shipped
here. the first of which showed up in to-
DAY receipts. and next week will see
the bulk of this delivered here. Other
wise our receipts would show up surpris-
mgiy small. On the other hand the wheat
which has been purchased to go to Chi
cago Will begin TO be loaded out which
should keep our stocks from showing any
increase Contract stocks for the week
traders who are pretty well posted claim
that contract stocks on Nav / will be
very close to 100000 bu. If not under
amount now in the regular houses.
information in our possession leads us
to look for an impairment in the next
government report of at least four to six
points. We have information of the
prevalence of red rust in California and
IN IeXas. Our reports say Illinois is not
as good today as it was a year ago
good. Kansas seldom or ever maintains
It's April promise and we have no idea
mat 1t will this year. The reports from
Nebraska are the worst received so far
There was too much April weather in
March and too much top growth at the
expense of root growth and we are get
Weather s y1ng noE IN %eafheE anrf getting March
pant turning yellow may prove serious
o~eterIofallon. ~ we have not had drought
enough TO turn the plant yellow. Some
with the crop. Local crowd are again
Selilng wheat just as though we had not
had u cent break with only &c up
turn 1t is not even a natural reaction.
Manitoba wheat is being actively ne
gotlated for by Chicago grain men who
see a good prospect of being able to
pes OF 1t shown recently demonstrated
that No. northern OF quality deliver
anie on board of trade contracts can be
nnrtSar,i 1ta4e oi mixture of one part No. 1
NO l northern. 1t is said this wheat can
be laid down in Chicago at / cent a
DrsTei,,6 Dnsnei below May delivery price Price
wednesday last indicated that there was
a strong probability of Manitoba wheat
tnSeing worked direct for Chicago, paying
AT that time Chicago May was cents
nlgher than now, but the figures show
mat, barring unusual and unexpected ex-
ira charges, imports could be made on
the oasis OF yesterdays May prices here.
Chicago-A local says with the outlook
Ior the growing winter wheat decidelv
less favorable and future develonmenfs
9an quite likely to favor the bull side, it seems
feasonapie TO say purchases of july and
September wheat will again result nrnf
itaoly. Should the happening of one and
Two years ago be repeated when serious
damage dana 1T to the the growing crop occurred
another sensational bull affair Scenerv
S Soes not always produce bushels. and
@ @ousneis gathered only count. 1t certainly
seems seem much better to begin buying now
tnan at the famine prices which prevailed
ABOUT sixty days ago. The weather dur
ing the next few weeks will bear close
watching, as it will probably decide the
months '"eiNe
Liverpool .aGvices say: Everything
Keeps exceedingly dull and values decline
ualy owing to absence of demand and
encouraging crop reports everywhere. In
Iia mas been reporting favorable weather.
put the new crop will be later i'm starting
thah usual Laplata and Australian car