The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-02-21
Liverpool Came Higher on Polit-
ical Outlook Between France
and Germany.
French Acreage Reported 500, 900
Blu. Short of the Normal
Past Five Years.
Paris Raid Markets and Opening
and Find No Demand Above
Put Price.

Minneapolis Chamber Of Commerce, Feb. a.
The bulls this morning feeling better when
Liverpool second cables were reported 7a@&d
higher, and scslpers bought quite little wheat
on the early curb, shorts covering considerable
and opening the market strong at an advance Oh
sc over the closing price of yesterday.
The demand seemed to have been pretty well
supplied before the opening and the bears took
advantage OF this to start raid at the market,
one, or two OF the more prominent traders sell
Ing wheat freely, prices gradually giving way
under the pressure of short wheat, until the mar
ket had gone below the previous closing figure.
On this break there was little demand from
the small shorts which absorbed offerings for
the time being the market turning upward for
34c gain.
Renewed selling on the advance for both long
and short account. soon put the price &c lower
and within fraction Of yesterdays low point
and into put price, where the buying became
a little better, with scalpers buying. against
their puts. took care Of all the offerings. Later
a little better buying was noticeable the mar
ket frming up and advancing fractionally.
There was little In the news outside of the
foreign cables. Local stocks show IN increase
of 100000 bu for five days. Receipts 422 cars,
a holiday year ago, Duluth 70 cars. Chicago 10
cars, Kansas City $4,000 bu, St. Louis $4,000
bu and Winnipeg 131 cars against g. year
ago We shipped out 800 bu Of wheat and
5S,719 brls Of flour. Cash demand only fair.
with the discount little wider, No 1 northern
2@2Ac under, May.
The market rallied on report from Broom
hall that the French acreage 500, 900 acres
less than year ago. Trade light in the final
hour and the market moved within narrow
range. showing little change at the close from
yesterdays figures:
Broomhall's Liverpool cable read: Wheat was
Arm at the opening, with values 1sd higher, fol-
lowed later by further sharp advance of
h@8d. Support stimulated by the Indian
official report issued late yesterday, and COW
ertng period between Feb. and 10, and a
decline in conso1s. which started shorts cover
ing. On the advance, however, there was some
little realizing and values eased slightly. Corn
was quiet at the opening, with values un-
changed to 1sd lower. Prices later advanced
Sad in sympathy with wheat and some covering
by local shorts
Forecast: Illinois. Indiana and Missouri, fair
tonight and probably Thursday. moderate tenn
peraturss; Michigan. fair tonight and Thurs
day, slightly cooler east tonight: Wisconsin,
fair tonight. Thursday probably increasing tenn
peratures and warmer, Minnesota. fair and
warmer tonight. Thursday partly cloudy with
possibly showers north: Iowa. fair tonight and
probably Thursday, warmer. northwest. tonight:
North Dakota partly cloudy tonight with warm
er east Thursday, rain snow and colder:
South Dakota. fair and warmer tonight Thurs
day probably rain or Snow and colder; Nebraska
and Kansas, generally fair tonight and Thurs
day,