The Saint Paul globe., 1905-01-12
SEAL Ping MARKET;
CLOSE UNCHANGED
MarketActive, With Rapid Price
Fluctuations and More
Trade

Minneapolis Chamber of Commerce. Jan.
1.-THE market today was nervous and
unsteady, with the dips and rallies chas-
ing fast upon each other. There was con-
siderable liquidation of long wheat and
the short interest has been somewhat in
creased by the break around the noon
hour although some of the shorts covered
on the rally just before the close. There
was not much in the way of news today
to affect the market either way. Liverpool
showed considerable steadness, receipts
here and at Duluth were 226 cars under
year ago, with another decrease in our
stocks, and it now looks as though our
stocks would show a very good sized de-
crease for the week, around the three
quarter million mark, while the visible
next week ought to show up with de-
crease in the neighborhood of 100000
bushels. Kansas City and St Louis only
showed $4,000 bushels. against 35S, 600
year ago. The cash wheat situation here
today has lacked the snap of the past
few days, millers holding back and only
taking what they needed for immediate
use. The interior demand was also a little
slack.
The market opened unchanged from the
previous close, and for few minutes
showed q weak undertone, this suddenly
turned and prices shortened up nearly
cent. This was followed by as sudden a
break just before the noon hour, with
prices dropping IL 5sc from the top and
fore the close, closing practically un-
changed for the day. Trade has been very
active and while there was no large con-
centrated interest shown on either side
there was enough business to give the
scalping crowd a good run for their
money. Scalpers are very much mixed In
their opinions and change them about
every five or ten minutes with the changes
in market prices. The break today has
put the market in more healthy condi-
ton, a lot Of weak holders were sold out
on stop loss orders and the atmosphere
is considerable clearer.
May wheat opened unchanged at $1.175s,
sold off to $1.17as, recovered TO 81. 1874.
took the toboggan to $1.16R and closed
at $1.175s@1. .17sz. July opened little
lower at 81 .15, rallied with May to S1.15%,
broke to 81. IAN and closed at 81. 151 Is.
Minneapolis stocks showed q decrease
for four days of 100000 bushels. Receipts
246, including IL Canadian, against 445
year ago; Duluth had against A. Chi
ST Louis 5000 bushels Clearanees of
wheat and flour 125000 bushels. Primary
receipts 452, GOO bushels, against 81 egg egg
bushels a year @ ago; M shipments, 1000
Liverpool wheat market closed A@3sd
lower. London and Antwerp unchanged.
Berlin CSC lower; Budapest &c lower;
Paris wheat unchanged to 10 centimeS
higher, and flour unchanged.
Liverpool Wheat-The market opened
5sd lower in sympathy with the easiness
in corn. Later prices firmed I'd in March
and July and I'D in May owing to smaller
Argentine offerings, as well as outside
support, but eased off sd in March and
Suiy. COrn-OpeDlnS quotations - " ere
about I'd lower, owing to cheap Kansas
City offers and the weakness in the spot
market; later, however, prices advanced
1sd on buying by importers.
Chicago Cash BusineSS-A pause was
noticeable in the cash demand in all mar
kets for wheat Tuesday Sales here were
S0,000 Including 10000 sample spring sold
Monday and not reported and 80, 600 bush
els mixed lots
st. Louis reported less call and the
close showed a loss of 70, No. 2 red he
ing $1.19 A sale of 10000 bushels was
made by an interior miller to arrive in
St Louis and receivers there reported
larger demand for carlotS and prices easy
at 81. 09 to ST. 10 for~No. 2 hard f. o. b.
Minneapolis said the demand for all grades
was poorer and the prices closed %c lower
S4c and closed 81. 151s or &c under May.
Trading in corn was slow, although
prices We're 1ac higher. Sales We're AZ, 600
bushels. No. 8 yellow to the domestic trade
and SO. 600 No. for Eastern export. Oats
were frmer with sales of Sc, 600 standard
and $4,000 bushels white clipped. At sea-
board exporters sold 10000 bushels corn
at Atlantic ports and 12S,000 bushels at
gulf.
Wsateer aSoFe meR fO .sS aaa to
showing at Omaha, North Platte and VAL
entine.
Iowa-Cloudy, to IA above, general
snow .06 to .3S, and showing at Des
Moines, Sioux City, Davenport and Du-
buque
Illinois Cloudy, 10 to 36 above, precipi-
tation .03 to 1.26, showing at Chicago
and Springfield and raining at Cairo,
which registers /. rainfall
kansaS-Cloudy, general SHOWS, .36 to
-52, with temperatures to IA above and