The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1913-11-13

closed ~fractionaliy higher. Trade was
exceedingly light and there vas ap-
parently no incentive for buyers al
though cash demand was somewhat
improved and movement light. There
is apparently nothing in the situa
ton except a dull trading market
at least for the present.
Chas. E. Lewis & Co.
BrOoHmhaIl'R Report,
) Liverpool Nov. 12--Ths easier Arneri-
can cables were Offset here by stead
mess in Winnipeg and flrmer Manitoba
offers and opening was unchanged to
lac higher. After opening market cd
vanced, with shorts and spectators
buying with an additional rain in
prices of lac to Lee with March lead
ing advance. Reduced crop estimates
Wtthstandtng improvement noted in
the central districts and with the bad
outlook In India and dearer Russian
offers and a growing hrmness in Can
firm. lie higher. Corn opened I'M
changed and later advanced 1-Sc to
lac on the forecast OF lighter ship
here at the docks and the steadiness
in plate spot. At 1890 p. m, market
was 1-Sc to 1-4c higher.
Argentine: There is a tendency in
Argentine to reduce the yield as result
OF various u~nfavorable conditions n
the exportable surplus Is considered at
S9 100000 bushels. Crop started with
a reduction Of about 900, 900 acres as
compared with last veal and dry
weather has caused much deterioration.
oats acreage amounts to 100000
acres. In 1912 the acreag was 2.946,-
goo acres from which a crop OF 49,
season export surplus Is placed at u.s.
600, 900 bushels. Wheat: Good rains
have been very beneficial to wheat.
Broomhall.
SHOWS Report.
Chicago. Nov. 13.-We have the fol-
lowing from 3. w. Snow: This morn
inG's cable from Buenos Ayres is the
first definite statement from which the
Argentine wheat crop situation may
be figured. The district reported as an
entire failure comprises the southern
twelve departments Of Buenos Avres
and involves a little more than $500
600 acres. The central departments of
Buenos Ayres, where crop is reported
comprise about 1000. 900 acres
and the Pampas, also reported poor.
more h 1000. 600 acres
more. The crop damage that Is already |
serious. therefore affects an area in
volving more than $500. 900 acres. in
Guiding nearly 1-3 Of the acreage OF
the country and some Of the best pro-
duCing sections. If the information |
is reasonably accurate it means
a damage already suffered that will re-
luce the e~Xportable surplus to 80, 000,- |
DCO bushels or less.
Finley Darrell & Co.
Chicago Gossip.
Chicago. Nov. 13.-It was the gossip
" the wheat traders last night that
the Argentine news is the thing to
as it is the most important of
al that is expected to come in at pre-
sent. Bulls call attention to the limit
eel hedging pressure, as receipts are
running materially under last years. A
number OF commission houses which
were among the largest sellers yester-
1ay bought offers last night. Corn
specialists who are in the pit all day,
said the local traders were mainly long
asst night. They claim tina most Of
he selling is of short stuff and that
latter are likely to have to come
n. Phillips was out with a bullish
etter basing his arguments on the
act that the greater part of the coun-
.ries consumer will have to draw their
supplies from Iowa, Illinois. Minnesota,
south Dakota, Indiana and Ohio which
lie believes will not have enough to
upply the demand at the price. Cash
;ales wheat 80, 600 bushels; corn $685.
100 bushels; oats. $4,000 bushels. Sea-
reported 200, 600; Manitoba wheat
old for export.
1nter-Ocean. |