The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-11-27

Primary receipts were liberal, the
total being 100000 bushels against
$1,000 bushels last year. Clearances
OF wheat and flour were also liberal.
! the total Of wheat and flour amount
ing to $4,000 bushels.
+ ***+* 4
l. TRADE GOSSIP. 3
*** =
New York. Nov. e7.-The cratic
course OF the money market today
was reflected in operations Of stocks,
although quotations were appreciably
steadier than was the case yesterday.
CAN money. opening at 9 per cent.
quickly advanced to l: per cent and
renewals were made at IL per cent as
compared With 6 per cen yesterday.
After touching the high point the
rate declined steadily. until before tka
close money was offered at 3 per cent.
There was some further calling in OF
loans. owing to the demands Of in.
terror banks. The more urgent de-
mands for funds were quickly salts
ned. however, and during the last part
OF the day call loans were in small
patty with the movement Of call
money.
New York-London cable says
Turkey minister Of wal has been or
dered not to accept Bulgarian pro-
posals for armistice and peace and to
await further instructions. European
press however is optimistic over prob
able outcome Of peace.
Robt. Bacon. formerly member Of
j.. p. Morgan and company succeeds
late Clement A. Criscom as director
Of steel corporation,
Shipments OF steel corporation dur
ing November estimated HOO, 900
tons or at rate of 100000 ions
yearly whic::: will establish new high
record.
chicago-A good many of the wheat
traders who were bullish and long
Monday night were ever on the short
side at the close yesterday. There was
less long wheat held than for several
days past, and the bulls said that.
while they had not changed their
opinion. they were not disposed to
stand any punishment. There are a
number OF traders who believe there
will be no good on the bull side until
next spring. and they are going slow
satisfied with small profits.
commission houses which have been
bullish for several days, but which
turned on Mondays bulge. were adj
vising against short sales last night.
Stock Opnion-Hudson and COM
pany-There is reason to believe that
currency shipments to the west are
more likely to taper off than to in
crease from now on. We would there
fore attach too much Importance to
this weeks large Withdrawals from
the banks for shipment through the
sub-treasury.
Clement Curtis-We see nothing at
tracttve in the stock market at this
time and expect prices to run along
the present range until money be-
comes easier in New York.
will do better today.
Chaplin and Comparative advise
co~nservatively purchases on the sharp
breaks occasioned by fiurries in the
money market and war news.
Grain Opinion-Finley Barrel
Don't believe there will be much COM
fort in pressing short side on present
level as long as there is slightest pos
sibility Of a free for all European.
Think corn a purchase.
Clement Curtis-Only war scare
abroad can lift the price OF wheat at
present. Receipts Of corn : becom-
ing larger which Is encouraSing to the
selling side.
Logan and Bryan-More the wheat
market appears to need some support
rom the foreign political disturbance
to prevent a natural decline.
Chicago-This rally in wheat is
probably due to war talk and reports
Of damage in southern Argentine by
heavy storms. We notice. however,
that B~reomhall's morning cable says
that the sto. m did no damage and the
cry lately has been that southern Ar
gentine needed rain. The buying
around 81 Is by sellers Of ups and we
think the market has had rally
enough.
Opening prices in wheat showed
moderate declines. and the tone of
the market was heavy all day. with
rather feeble rallies Yesterdays
buyers were the best sellers on to.
days decline. and tho market contin-
ues In a very nervous condition. the
principal changes in tho same coming
largely over night and being depend
n upon European political features.
From a purely domestic standpoint,
the situation is heavy. but we would
advise against short sales on the weak
spots.
New York-The early stock market
was 4 trading affair without selling
pressure. A few s%pecialties. such as
rubber. showed strength. a. 10 often
the case when the market 10 In q wait
ing position. Tho nine per cont cali
money rate had no effect. nor did the
loss Of $~7.500.000 cash to the sub
treasury since last Friday. We can
hardly escape a poor bank statement
Saturday. yet few persons cared to
sell stocks. We do not think the real
explanation Is that nobody wants to
sell stocks. so much Al that judicious
support appears to be put In by bank
ing interests This latter view seems
to be confirmed by the engagement OF
a small amount Of gold yesterday for
import. purely for sentimental effect.
More gold would undoubtedly come
this way II It were nc for the strain.
ed European situation. The European
political outlook IL mixed. no worse
Inc no better than any time during
the last few days. The safe arrival
at Uskub OF the missing Austrian con.
sui Is f%avorably REGARDED. 1t II per.
haps significant that some o fthe dis
patches from st. Petersburg. Berlin
n Paris refer TO the oficial attitude
as averse to war. Foreign bourses
have taken the cue from this. The
grain market. also reflects confidence
of an early ending OF the war. But
stocks should he sold on sharp bulges
for the time being.