The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-06-01
TRADE GOSSIP.

Buenos Aires close Friday-June
wheat and July unchanged. Corn
June up l is, August up 1 SIS. Oats
Nominal. Flax-June up IL.
Minneapolis stock decrease 200, 600
bushels for one day.
New York-Pennsylvania system
for April shows decrease in net of
S1.563.234. Mercantile agencies re-
port fair conditions for business with
expansion in steel trade.
Government will probably drop its
civil antitrust alleged coffee trust.
Failures this week 231 against 21S
previous week.
United States Steel corporations
untitled tonnage not expected to show
large increase for May. due to heavy
shipments.
Idle cars decreased 1887 in fort
night ended May 23.-Dow Jones &
Co.
Inter-Ocean this morning says
Chicago-Now that the May deal out
of the way traders are looking for
more natural markets. Lichstern says
on the May and cash wheat. but as to
the July he has nothing to say. 1t
was the gossip of the wheat traders
that unless there is a large short in
%terest. and increased buying. bullish
crop news will ave to be more SEN
sational from the southwest to make
a big bull market. There are a num-
Der of local professionals however
who are bullish and buying on every
decline. Bulls on corn said last night
that they believed in buying the de-
ferred futures on n further break,
while otherS claim that they have had
decline enough.
The Lamson house has control of
the contract corn here and 1t is ex-
ynrntn1 tt,o$ xI,r,, v.tJl "a
as they have all the corn they have
taken in on delivery the past year.
The short interest has been inclined
to the bear side and is becoming more
aggressive as the weather is more
favorable.
Liverpool cables:-The wheat mar
ket showed comparative steadiness at
the opening with prices 1-S lower, be-
ing influenced by the indicated lighter
American shipments as shown by
Bradstreets and increased continental
demand for cargoes with Paris very
firm and bidding freely. Following the
OPENING there vas realizing on the
pressure to sell Indian and Manitoba
shippers offers and the forecast of
heavier Indian shipments next week.
The more favorable weather here and
private reports of rain in Kansas
helped to stimulate week end realiz-
ing. At the close the market was
easy and 1-s to IA lower than yes
terday.
The corn market opened IA higher
and further advanced 1-s to 3-s with
the support In July. The frmness Of
spot and fewer plate offers and the
strength in closing prices in Buenos
Aires caused shorts to cover.
Spot wheat closed steady, unchang-
ed. Spot corn strong a penny higher.
Broomhall says indications are for
lighter Canadian shipments. this week
and 1t is thought here that the enor-
nous shipments last week were Incl
dent upon the rush at the opening Of
navigation. Heavy shipments now
from Canada car only he made at the
expense of the visible there. This is
an important factor in this market.
Acknowledgements are taking free.
ly and the demand continues on a
large scale and farmers less anxious
to sell.
India-Broomhall estimates that the
shipments from the port of Kurrachec
next week at 1920. 900 bushels.
LaCount wires from Wichita. Kas.
to- Finley Barrel and Co: Light
showers here last night. indications
were that the country west got quite