The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1913-11-19
Evening Grain Letter.

Chicago, Nov. 19.-Wheat: Has re-
covered the ground lost yesterday and
closes tonight B@% higher than last
nights figures with December rela-
lively stronger than the May. Yester-
days shorts have covered freely today
largely on strength abroad and the
lightness of pit offerings. Betterment
In cash demand and especially No. Q
ness was close to working on this
grade. There was prominent buying
or December and selma of May at
412c difference which was credited 20
O. leading local short. In our opinion
the advance was due more to over-sold
pit conditions and lack of offerings
than to any other factor. We continue
to feel that advantage should be TAX
EN- of all declines on which purchases
are In order,
Corn: The sudden reversal in cables
coming on top OF a badly oVer-sold
market yesterday resulted in a quick
recovery, a portion of which was main
tanned at the close. Farmers did not
sell new corn as freely and for the
present no large increase in the move
ment is looked for. There was inf1u-
entail buying by n of the leading 10
cal longs n further selling by the
leading local short. The weather the
few days will prove the determin-
ing influence in corn. We favor pur-
chases or all setbacks.
Oats: Have largely marked time
and closed tonight at a shade below
nights figures. Until some decid-
ed change occurs in the corn situation
oats will large follow this cereal.
Chas. r. Lewis & Co.
Grain Opinions.
Harris, Winthrop & Co.: We still
feel friendly to wheat on these weak |
Shearson Hammill CO.: The tend
ency of wheat prices looks at least
lower.
Ware & Leland: The reaction in
wheat may go some further and in
such event we believe purchases ad-
Bartlett Frazier Co.: We adhere to
our views regarding the ACCESSIBILITY
Of keeping on long side Of the mar
ket.
Finley, Darrell & Co.
Liverpool Wheat.
Liverpool, Nov. 19.-Wheat opens 4
lower; corn Il higher.
Liverpool 1870 p. m. wheat h@A
corn strong 1$ higher.
Livestock Receipts.
Chicago, Nov. 19.-Hogs $4,000; left
4,55S; generally steady; light
heavy $7.25@1.90; mixed
S7.30@7.90; rough $7.25 @7.40. Cattle
1000; steady; sheep 10000; 10@15c
Omaha: Hogs 5000; cattle 1900;
1000.
Kansas City: Hogs 10000; cattle q
700; sheep 1000.
Finley, Darrell & Co.
Inter-Ocean.
Chicago, Nov. 19.-The sentiment
among wheat traders last night was
mixed with a greater number of bears
o be found among the local profess
'lonals, but commission houses were I
mostly bullish on wheat and rather
'earlsh on corn. They argued that the
ong side of wheat is the safest until
Argentine crop is out of the way. Corn |
'uils said the break was only the
natural reaction after a five day bulge |
wet weather forecast. They
saw nothing on which to make it safe
o sell short. Bears were more ag-
,reSs1Ve and 1000, 900 bushels Decem-
'er n May sold by the Armour Grain
o., according to pit traders, was re-
'arded as short stuff. Bulls said they
I'D not believe the movement of the
corn was as large as the bears
re predicting and that it will be want :
ID. lash sales were, $50, 900 bushels
Wheat, including 200, 900 bushels to
ea-board; 115,000 bushels corn and
$4,000 bushels oats. Sea-board re- :
ported $4,000 bushels wheat sold for
export, all Manitoba except 90, 900 :
bushels Hard winter from Philadel-
'hia n 10000 bushels durum.
Inter-Ocean.