The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-03-29
Clearanceg,

day.
C. e. L. & Co.
Clearaness.
Wheat $4,000 bu., Flour $4,000 bbls.,
total $4,000 bu.. corn 100000 bu..
oats. 3sS,000.
Primary Movement.
Wheat $4,000, last year 1,057.000,
shipments $4,000. last year 100000.
Corn 7S4. 900, last year $4,000, ship
ments $4,000. last year $4,000.
Oats 100000, last year $4,000, ship
ments $4,000, last year $4,000.
The Chicago Herald says: Sew
local traders are working on the bear
side of all grains especially wheat and
corn. They are selling on grain bulges
and buying on declines. Their belief
is that the high level Of values makes
mors, weather conditions and other
factors which create selling move
mentS. With some of the bulls ner-
vous and disposed to take profits on
bulges they regard the bearish posi-
ton as safest. Bull leaders in wheat
and oats say there is nothing but tenn
porary breaks in sight and are buying
on all declines. Leading holders Of
corn have reduced their lines more
than so per cent the last week. Had
it not been for their offering heavily
prices might have advanced faster and
further. few bulls believe that the
highest prices have not been reached.
They say stocks in farmers hands are
too small to affect values permanently.
Bears have predicted that each day
for the last week was the highest,
only to see new levels made. The new
rule posted proposing a change in
commission rates for cash grain at
Chicago to a percentage is opposed by
the minority of the committee. They
think 1t is unadvisable from all stand
points. A Board of Trade member
ship was sold at $500 net to the buy
er yesterday. Herald.
The New York Sun says: Stock
market prices were strong most of the
day yesterday without the accompani-
ment of aggressive buying for Wall
street or for the account of the pub
lie. The public was not much of a
factor in the operations and it was
not thought likely that it would be-
dealings in the immediate future, not
withstanding the strength of the un-
DERIVING conditions and the great
earning power Of corporations. A de-
cline in market values incident to the
outbreak of war doubtless would at
tract active investment purchases but
at the moment the banking interests
show no evidence of great expansion
in speculative buying. Furthermore
they are not disposed to encourage
such a movement. Sun.
The New York Times says: There
are few who have any doubt that war
is sure to come. 1t will be easier to
explain the rise in prices if we take
fn1 Of ~ fhA 60 nj kIak
of trading showed further speculation.
The gains made did not come about
as, a result of aggressive buying such
as might absorb a heavy volume OF
selling and at the same time carry
prices forward. There was no heavy
selling of that sort. 1t took little buy
ing to put prices up because there
was very little selling. Traders were
much impressed with the absence of
liquidation which many had assumed
to be likely in the last few days be-
fore the converting of congress. It
was argued that the holders of stocks
if they were disposed to sell because of
the possibility of war between the
United States and Germany hardly
would wait until after the war had
been declared. That is not the way
of the stock market. 1t is certain that
If war does come it will not be sur
prising and traders bought on theory
that If owners of stocks were not dis
posed to sell on the practical certainty
of war they would not sell on the
news OF war itself. There is strong
sentiment in favor of the government
fixing its own price rather than the
management of corporations should
name prices on the market which
might be rather more or less than the
government would consider a fair
price. Times.
RroomhaII's Report.
Liverpool-Wheat firm with demand
fair and arrivals moderate. Continent
absorbing export offers with stocks
light. Corn strong with lighter ar
rivals and a good consumptive de-
mand. Argentine advices continue I'M
favorable and American offers strong
ly held. Oats very firm, consumption
is liberal and arrivals light. There con-
tinues a good demand for spot at
strong prices. American and Canadian
supplies liberal but shipments mod
crate. Barley firm. Flour firm with
millers' supplies moderate. Native Of
fers of wheat light as weather bad
and foreign arrivals small.
Chicago-Our reports are getting
worse from the winter wheat region. |
The outlook is discouraging. Market |
will hold to high prices at least until
Canadian surplus begins to go out.
The car shortage is holding back
country shipments and shortly farm
work will be under way and a hand |
to mouth existence in corn will de-
velop. High prices Of all meat animals
favors feeding corn to sell at these
..
Grain Opinions.
Hulburd Warrem-The cash demand
and fear of damage will probably
prevent any serious break in prices
until spring rain gives us a better
line on the crop.
Lamson Bros.-Bad crop reports are
not being given sufficient credence.
Wagner-Extreme price level again
comes to the front. The boundary for
July wheat is apparently raised to
40.
o'Brien-Crop news is very bad and
very little given to the public. We
will have to raise a bumper crop this
year to hold prices down.
Argentine Shipments.
Wheat 1,665,0O0, last week $50, 900,
last year 2,4S0,000; corn $4,000, last |
week $4,000, last year 353,000
Argentine weather continues dry in !
south, the north where gathering OF |
corn is on, weather unsettled with |
heavy rains in parts. Damage reports |
TO corn continue. Holders Of all grains |
nervous and wheat holders inclined to |
take profits. fearing further govern |
ment ruling. Broomhall says there un-
loubtedly will continue a fair demand |
Tor American grain during the entire /
season. Import countries have pur-