The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-04-27
The Markets


Corn: Corn followed wheat to GER
tain extent. There was no news and
although May was very strong it did
not show the wildness Of wheat. We
think corn can be bought on the
Oats: Many traders are getting out
OF wheat and corn and getting into
oats. The relative cheapness OF oats
makes attractive buying at these
prices.
Provisions: Provisions seem to be
in strong hands and follow grains
closelysw Chas. y. Lewis G. Co.
Cash Message.
Minneapolis.-Local millers are, try
ing to put the cash wheat market in
an easier mood by holding off. Early
prices unchanged compared with the
futures with the demand fair to good.
Bluestenn, No. / northern, 25 to 30
cents over May Flour trade light.
High prices keep some buyers out and
also inclines TO millers towards con-
servatism In paying new deals. Extra
high prices are asked by many of them
to keep the buyers from getting ex-
cited In their operations.
BrocmhaiI.
verpool--Weather favorable. arriv-
ais increasing OF wheat and oats and
consumption moderate. It IL recogniz-
ed that worlds shortage OF all grains
is pronounced but United Kingdom APP
pears to be in line for continued fair
shipments and it must be remembered
that requirements are greatly curtail-
ed owing to economy OF usage. Much
acreage which is reported as prospec-
lively large. Argentine shipments are
wheat, this week $4,000, last week
246,000, last year 1885,, 900; corn 2,172.-
900. last week 1851, 900, last year 49,
900; oats 100000 last week 1891, 900,
last year $1,000. Visible Argentine
wheat this week 1.360,000, last week
900, last year 12.8S0.000: corn
1,6Oo. 900, last week 100000. last year
4, 692, 900. Broomhall.
Grain Opinions.
Lamson Bros-We still believe that
there are other and more commendable
investments than grain at these levels.
Ware e. Leland-The cash situation
seems strong as ever, but 1t would not
be extraordinary il July and Septem-
Der sustained further setback.
Harris Wnithrop-With no impor-
tant change in the political field the
cash situation will probably continue
TO dominate the futures until we get
O'Brien-The grain markets look
like much strained and although pre-
miums still continue very high would
not play the long side until further re-
action.
Forecast.
Minnesota-Rain or snow in south
tonight and in east and south Satur-
dav. somewhat colder.
n1ly oh Ito ~
nois. Kansas-Rain or snow. colder.
Iowa-Rain in east and central por-
tons, cold,
Grain Receipts in Car Lots.
Chicago-Wheat 40, last year II.
corn g; last year 145; oats 81. last
MinneapOlls-wheat 2lO. last year
1875.
Duluth-wheat ii, last year 10.
Winnipeg-Wheat 47S. last year 42S.
Herald.
Chicago-At the extreme advance In
grain prices yesterday all markets were
regarded as overbought and badly
strained. Prices are regarded as FAM
Inc prices, yet there is none here and
no prospects OF famine. Some of the
strongest local traders have taken the
bear side on the theory that prices are
about. as high as they are likely to be.
for some time. They see evidence of
better distribution OF wheat supplies
as lake navigation has opened and
Canadian wheat Is being moved more
freely and will be from now on. This
they claim should satisfy all home and
'oreign requirements. The short In
Eerest In all grains which has helped
% make the highest prices has been
greatly reduced and about all Of the
Dig holders of grain except foreigners
nave unloaded. Traders while looking
'or active markets with wide change
n prices, caution against trading on
sither side as the markets are in a
most dangerous position. The weak
sning in cash premiums for corn and
rats was considered as most signiti-
amt by some traders. Provision spec
alists expect prices for cured product
ind hogs to come closed together from
low on. Lard has passed into strong
lands and meats generally are well
leld. Herald.
Times.
New York-Peace rumors no longer
ause much selling of the industrials.
rhe street was interested in the aft
rnoon in the report that HollweE
would submit peace terms in about a
month which would be designed to sat
sly the allies and Nthe United States.
Entirely aside from the fact that no
me believes that the Germans are yet
eady to make concessions which
treat Britain, as spokesman for the
lilies and the United States, must OBJ
ain, traders have begun to feel that
'eace is not O development to be feared
or its effect on business in this coun-
ry. The buying OF steel was said to
ave been very good. It is evident |
hat at least an important part of the |
ublic is again buying some OF the |
,etter dividend paying stocks on the |
that the huge needs OF the |
lies and this government cannot be |
Implied without further stimulation |
domestic business. Chairman Gary
aid today that the estimated total re-
uirements OF this government for |
teel in the current year will not take |
more than 8 per cent Of the country's |
ALL capacity. Times.
( II y