The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-02-06

ence that it is being accumulated eth
er against immediate improvement In
the demand or anticipated shortage.
Thomson q McKinnon-Market will
be very sensitive to crop news and
scare is more than likely.
Wheat Up,
Chicago-Wheat has had a RAPID
upturn OF 8 1-2 cents following bid
ding by the crowd all at the sam,
time. When a few stray buying order.
came through commission houses, tn,
market was bare of offerings and
quickly advanced.
Cash Message.
Minneapolis-Narrow and feature.
less cash wheat market. Light offer.
ings and Indifferent buying. Flour
trade fair.
c. e. L. & Co.
Clearances.
Wheat $4,000 bushels, flour q, 00C
barrels, wheat and -four 206, 900 bush
els, corn 1900 bushels, oats $685. 900
bushels.
Herald.
New York-The American and
Traction Co. for 1915 earned 1856 per
cent on it's common stock compared
with 24.62 per cent the previous year.
The Illinois Public Utilities Com
pany entered an order authorizing the
Chicago and Northwestern Railway
company to issue capital stock in the
aggregate of $15,25O,950 to issue bonds
in the aggregate of $1,OOO,oO0 and
make an equipment trust agreement
providing for the issue of equipment
trust certificates to an amount ag-
gregating $10,000,000 and also author
iZing the company to issue $4,250,0 900
of the certificates. The plan an
nounced today for the liquidation of
the International Paper company's
back dividends indicated that rumors
heard had a basis of truth.
Herald.
BroomhaII.
Liverpool-Wheat market firm with
dearer export offers. Arrivals moder-
ate and weather very cold. Corn
strong arrivals moderate, consump-
ton large owing to cold weather. Oats
strong with advancing spot, export Of
fers light. Argentine shipments nrac-
tically nothing. Flour market firm
with light offers. Buenos Aires wheat
closed strong 5k higher on American
strength and the light port arrivals.
Broomhall.
Grain Opinions.
Chaplin & Co.-Believe wheat will
work much lower, although nervous
markets expected. On setbacks look
for good buying Of corn.
Thomson & McKinnon-More than
ordinary danger attends commitments
In May wheat.
Updike-It is a political news mar
ket.
Logan & Bryan-Price of wheat
resolves itself into whether or not it
can be shipped abroad. Without de-
cline in wheat, further advance In
corn likely.
Herald.
Chicago-May wheat at it's highest
yesterday was almost 20 cents over
Saturdays low point. Such an ad-
vance is seldom witnessed in any kind
of a market. 1t showed the great
rallying power 1t possessed. 1t was
said the market acted as though 1t
had been sold out and oversold. The
short interest Is regarded as large
despite the advance. The political
situation is uncertain and sharp fluc-
time. Corn traders are mostly bull
ish and say setbacks are to be tenn
porary. There is a local holding
two traders Of more than the
visibIy supply. 1t will not be surpris-
ing to see all grains sell off some but
it is swift market and the trade has
been educated to rapid changes and
it is disappointed when they fail to
appear.
Herald.
Public and Private Elevator Stocks.
Chicago-Wheat 1888, 900, decrease
384, 900; Corn 3,S5S,OOO increase 49,
900; Oats 1881 900, increase $4,000.
Contract Stocks.
Chicago-Wheat 2,237,O00 decrease
107, 900: Corn $4,000, increase T.
900; Oats S,836,000, increase $4,000.