The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-06-14
T0DAY'S MARKET e..
IN LOWER TREND
Weak Market Broke to Point
Between One and Two
Cents.

The general market situation for
the trade in whcat was unsteady tor
the last six working days. h local
milling demand was fair but not large
owing to late slow sales of flour. IN
quiry for wheat to go to outside mills
was more active and such shipments
averaged daily nearly equal. locally,
to the daily arrivals. \ part of shop
ments We're from terminal houses,
Minneapolis receipts were 535 cars.
against 911 cars for the same time III
1911, shipments We're sol cars. Move
ment of spring wheat at the other
western. primary markets were about
equal to the activity a year 90.
While trade on some days, in the
speculative field was quite active
there was not much evidence of con-
certed trading in any direction to in
f1uence prices. but values were left to
drift in which ever way they We're
spurred by the current crop news of
this country, modified by the world
conditions. of crops and prices. I'M
til the June report of the government
came IL there was hesitation as to
what ii might show but it had been
we'll anticipated.
World conditions slid along in the
last week. in the wheat market. with
few marked changes To affect values.
though the large decrease In visible
was WHY 'o'bii' tAN
considerable movement to western
Europ, quickened by the free outlet
through the opened course from Rus
STA.
The considerable rain that fell in
the southwest caused buyers in a
eook toward higher prices to hesitate.
The trade anticipated an advance on
the report of greatly diminished Win
ter wheat acreage but waited for the
break expected to follow the rains in
the southwest. Little came of the
change in the northwest to disturb
producers, excepting that word came
of rain needed in South Dakota and
too much rain in part OF the Rcd
river valley. AS Il whole, wheat
growth in the northwest was about
normal and there wa: Il quiet feeling
of manifest satisfaction concerning
the prospect which is characteristic of
this time in June. The critical time
comes later.
The Wheat Position.
Beerbohn-The general demand for
cargoes both for ailoat and for ship
meHt, continues Very quiet; France
has taken a few cargoes in near po-
sitiOns at prices showing a slight de-
cline compared with last weeks VAL
Hcs. shipments last Week. thanks to
Il Very large export from Canada.
wore decidedly above the estimated
requirements. imports into the IT,.
Il. We're also liberal. leading to a
further moderate increase in stocks;
the quantity ailoat. partly owing to
the accumulation of Russian and Rou-
manian wheat, caused by the closing
of the Dardanclles, experienced Il
further important increase. being Very
nearly a record for the time OF year.
Some slight decrease in the atlont fig
ures may be looked for. as Very little
Whea is expected from either Russia
or Roumania this week. but a good
many steamers are now arriving at
the loading ports. and moderate guam
titles of wheat will soon be leaving
mainly for continental destinations.
From Canada and India shipments
will no daubt continue on a liberal
scale. so that the total afioat will be a
large one for some time to come.
There is 40 particular change in
the prospects OF European crops: IL.
anything. they have slightly improved,
the weather, both in importing and
exporting countries. having heon on
the whole. quite favorable. With or
binary agricultural conditions in the
future the harvest in I'rance promises
to be an early one. and this is an i'm
portant point, as. if such should provo
to be the case, the French demand
Will probably be only Il moderate one:
but any delay in the arrival OF new
wheat. With reserves so small would
mean a good deal of wheat being i'm
ported.