The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-12
MAI. SELLS At S1.O7ss
: AND JULY $1.O4aa
Wheat Thrown Overheard Re-
CARELESS of Price on Stop
''7e-'@ Loss Orders

March l1.=r{The bulls were disappointed at
the figures given out ON the amount OF
wheat left i'm farmers hands to March
], while the bears were coITespopd1ngly
happy. The trade looked for around >100,-
100000 bu. This, with continued favor
able weather ali over the winter wheat
belt and glowing reports as to the plant,
was enough for the bears and they went
after prices today in a way that made
have become well fixed by the recent de-
cline in prices, are very confident and are
forcing the issue in hammering the market
on every little rally.
The market at the opening showed but
little signs of the storm that prevailed
later in the session The opening was
support from traders who were inclined
TO view, the government report as bullish
and who thought the decline had been
enough for the present. The demand
from these buyers carried the market up
only little and as soon as this support
was withdrawn the market began TO sag.
The bears were watching their opportunity
and as soon as they saw that the demand
had been filed they started in 10 ham
mer the market. Below 81 091h for May
numerous stop loss orders were reached
and this wheat coming on the market
helped very materially to push prices
lower The PIT men We're kept busy fill
We're unable to sell the wheat at their
limit and many of the orders We're filled
at Is @12c below the price where they
were ordered to sell at The demand
was very poor all the way down. buy
eI3 We're exceedingly scarce. about the
only demand being from some of the
smaller shorts who were willing TO take
what profit they had.
Trade today has been on an enormous
scale and of a general character all the
commission houses having their men kept
busy in filling orders while some of the
larger houses had two and three men
In the pit filling orders. The cash de-
mand continues of a first class order,
especially for the batter class of offer
lngs. NO. l northern selling at premium
Of l@2c over May, with No . at 103c
under, and other grades i'm proportions
Millers are. active buyers, both local and
interior. while elevators We're not back
ward where. they could pick up some
cholce samples of grades under No. 1
northern. Receipts are not running heavy
and shipments out are running the re-
ceipts a Close race. where you take into
consideration the shipments of wheat and
flour as wheat, they are nearly double
the receipts.
rallied TO 81. log. broke down to $1.075s
and closed at $1.OS July opened at
81 Oh, sold up TO 81 ;O719 al O75s on the
break, sold at. 81 O42i. closing at 81 O5
September was the filmer option. The
opening was at &c higher at SS1kc sold
al SS&c, dropped to S67sc and closed at
Minneapolis stocks decreased 125. 900 bu
for, one day. Receipts 237 cars. against
20: Chicago 81. against %; Duluth 16
against 81; Kansas City g. and St Louis
$4,000 blu. Primary receipts $50 900 bu
against $4,000 bu a year ago. Shipments
$4,000 Blu, against 24S.000 blu. Australian
shipments l952.o00 bu: last week 1885,
OO9 bu; last year, 1856 900 bu Worlds
shipments estimated at 10.4000O0 bu The
E I,d, visible increased $4,000 bu; last
year decreased S34, O0G bu.
Liverpool wheat closed 4 6tAd lower
Berlin and Budapest &c lower Paris
1 M9eat unchanged to centines higher.
Flour unchanged to 20 centimes higher
antwerp not reported.
Li~elpool-Wheat- Continued heavy
Australian shipments caused an EASY
opening, with prices sd lower and INV
n further loss of I'D but later Nav re-
covered sd ard. July I'd. owing TO the
scarcitY OF offerings and to the govern
merit report being looked upon as bullish.
CGrnFTAfterf opening unchanged March
advanced I! d on covering, induced by the
estimate of small American Shipments ia
Liverpool the past week
Bloomhall estimates the worlds ship
meHtsrfor this week at about 10. 400. 600
bu- of which Europe will take about
260O'OOO bu:, He predicts there will be
but "a small increase on passage Ar
rivals of breadstuffs into the united
Kingdom, the past week were about 4 500
00G bu, against 4, SOS, 600 bu last week and
4,432. 600 year ago.
Chicago Cash Business-Millers bought
"a, 9O9 2u ct wheat in Chicago yesterday,
including 5000 blu of No red at 1J%c
over May in store. No. red sold at
81 as No. 9 hard was 31bc under NAV
win no trading. Minneapolis said local
We're buying; No 1 northern sold at I62c
over May: No. northern was 263c I'M
der dc $685. No 9 s9Iq zig at $1OO@1O4. and No
with No, redsf. o. b. at 81 1901 IA. and
In store 81. 06!s. Kansas City said the
demand was fair and the market stronger
NO hard Bringing 81 .031a @1.O5. Corn
was not taken by the local and shipping
interests readily and prices I'm the sam
pie declined &c. There was a resale of
$4,000 blu bought previously for exnorf
and fresh export sales of so 600 hu Bust
ness IN all positions aggregated over 500.
600 bu- Oats brought Il decline. with
sales OF $4,000 blu. AT the seaboard eX-
porters sold 312 900 bu
Weather-Ex fixsme northwest clear and
continued cold; 10 above to u below
Northwest. generally clear; stationary
Rapid CITY. West and southwest narti1
cloudy; generally colder; II to 40 above:
showing valentine and North Platte Ohio
valley, cloudy; 2S TO 40 above
Weather Forecast-Chicago and vicinity
ialr tonight probably followed by increas-
ing cloudlness Sunday; rising tempera-
lures; minimum tonight 20 to rs degrees:
variable Winds shifting to easterlv. iii,
nols fair tonight, probably followed nv
showers in south portion Sunday In
diana, fair tonight; Sunday showers in
some portions. Missouri. increasing
cloudiness, with rain or snow furries toe
night or Sunday Wisconsin, Lower and
Upper Michigan, fair tonight and prob
ably Sunday. Minnesota. fair tonight
probably followed by light snow flurries in
south and east portions Sunday. Iowa
increasing cloudiness with probably rain
or snow Sunday and in northwest portion
tonight. North Dakota. generally fair to-