The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-01-13

both United Kingdom and continent
good.
Weather Map.
Canadian northwest, 80 below to %
above, part cloudy. =
Northwest, 4 to 20 below, part cloudy.
West, below to s above, clear.
Southwest, 2 to II above, clear.
Ohio valley, 20 to 80 above, cloudy.
Grain Opinions.
Bartlett Frasier: See nothing weak
in the corn situation and feel friendly
change in news will result in sharp
upturn in wheat as large short interest
has been created on this decline. This
Harris winthrop: The lull in foreign
buying has taken edge of wheat and
unless it is resumed shortly some fur
ths rnd Teaeton sS Il nEs 4 tPers ge
cleaning out long wheat with conse-
quent break believe trade will view it
as favorable opportunity to buy.
New York, Jan. 13.-Expectation on
the part of some of the Wall street
commission houses that the public
would rush in to buy stocks because of
presidents peace note was not fulfilled.
There was public inquiry except in
the investment department. And there
was practically no participation in the
operations by the more important in
terests in the financial district, the
light transactions in the five hours OF
business were mostly for unimportant
accounts. The public was badly singed
in December and it is not likely to re-
turn to the market at the first bugle
call of optimistic Wall street bulls:
Technical conditions are in favor OF
an, advance and it is conceivable that
N aVenf nf SfFikinUIV faV0Fahla de-
velOpments the short interest will be
hard put. All departments of the money
market were easy while the position
of the loan market and the known
of currency in the week
suggest another bull bank statement
today. King Farnum & CO.
New York. Jan. 13.-Many interpret
ed reply to presidents peace note as
meaning the door was closed to any
further peace exchanges between the
belligerents or among them and neu-
trail countries That Interpretation
translated into a market factor on as
sumption on which traders have been
working means that prices of indus
trials should move up because the
chance of early peace had seemingly
been removed. That in fact is what
happened In many industrials but rise
in them due largely to short covering
was not fully maintained. 1t gave way
to reaction in course of which market
to dizziness. Among those who
attach Importance to the German peace
and to the presidents sug-
gestions there are many who believe
that the war will last many months.
Our own money market grows easier
in face of previously unheard of ex-
penditures abroad 1t is being lower
ed by the gold which has already come
and in anticipation of further gold
which is expected. Both smooth the
way for further credits which we our
selves will be called upon to extend.
Home requirements are also being fur
Their increased by money ease as evil
denced by todays announcement of the
extensive financing for the United
States Rubber Co. Times.
Thomson McKinnon: If we get any
rallies, sell stocks as lower prices are
inevitable in our opinion.
talk on steel, not by the street in gen
eral which is bearish, but by people
who generally have stocks to sell when
the public want them and who accumu-
late them in times like now when no
one wants them.
Harris Winthrop & Co.: Looks like
lower prices temporarily.
Block Maloney: The view that peace
will bring many benefits is the position
taken by many and this feeling is
bound to spread. Favor purchases of
good stocks every time they sell off.
Livestock.
Chicago. Jan. 13.-Hogs 10000; mar |
ket cents higher; left over $500; mix
ed 10.30@10.S5: good, heavy, $1O.75Q
1890; rough $1O.40@1060; light $1,000 |
a 1866; cattle 500, steady; sheep 5000,
steady.
Kansas City, Jan. 13.-Hogs 500; cat
tie 200; sheep, none.
Omaha, Jan. 13.-Hogs 5000; cattle
300; sheep 300.
Evening Grain Letter.
Chicago, Ill, Jan. 13.-Wheat: Trade |
has been nervous today with prices a |
little lower. Offerings were only fair, |
but the demand has not been very urg-
ers were 100000 here and Omaha. Cen |
orally the demand is reported quiet in |
he cash department. Argentine mar
<ets continue strong with reports from |
hat country very bullish. We are of |
he opinion that wheat is again a !
position to rally sharply on any import
INT buying
Corn: The market has been stubborn |
With prices not much changed. Weather |
s colder over the entire belt and farm |
eeding is larger with moderate coun- |
ry selling to arrive. Argentine re-
ports continued bullish. The market |
easily to moderate buying.
Oats: Oats were fairly steady with |
/ light trade and no particular feature. |
The shipping demand is good, but cars |
re still scarce. We think the market |
will continue to follow other grains.
Provisions: The strong livestock
market conditions both in the east and |
PROVISION market at present and we
Chas. e. Lewis & Co.
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