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The Minneapolis journal. (Minneapolis, Minn.) 1888-1939, May 20, 1905, Image 16

Image and text provided by Minnesota Historical Society; Saint Paul, MN

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045366/1905-05-20/ed-1/seq-16/

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September Wheat Falls to 82y2c
When 200 Cars Show Up in
Minneapolis.
Then It Turns About and Sells to
84y2c, Closing the Day
Well Up.
Scod Weather and Fine Prospects
Gossip of the Day on
'Change.
Minneapolis Chamber of Commerce
T*o Hundred cars of .vbeat turned up in Minne
apolis this mornhi* This was too much for the
bulls and alth L-^
high point- at yesterday's close
thought the
declin^e sufficienet forS theS time.l
bulls, and altho September was down 3c from.
vesterday'a close, and many
er %c came off
82%c was reached.
break in Chicago, but finding that market
verv stubborn there was a quick rush to buy In
short stuff, and September Jumped from &*%e
to 5*c in a minute. Then it sold to 83% and
held, while the traders watched other markets.
May corn was strong and active in Chicago and
it had some effect there in holding wheat. Good
buying appealed in Minneapolis September
around 88c and it was clear that there were
some houses here willing to take It ou at that fig
ure The bulls found some encouragement In
the' fact that of the 200 cars here a good part i
was from Chicago and considerable winter wheat
elso appeared. This showed that the Stuff com
ing In did not entirely represent an increase in
the northwest movement, but rather the sending I
here of wheat already visible and the filling up i
this market with wheat that will leave a hole
somewhere else Nevertheless, it was wheat, i
and it looked big and worried holders not a
little. As to the weather, it was favorable
everywhere. The forecast was not the best pos
sible, neither wa9 it very bad. Showers ai
probable for Minnesota and the Dakotas over
Sunday. Iowa and Nebraska are due for cloudy
skies aud possible showers, and the same etands
for Missouri and Kansas, except that for Kansas
some rain appears almost certain. Showers fol
lowed by hot weather would give opportunity
for revival of the iust scare.
The estimate of the decrease in local elevator
stocks fell shoit Of realization again, as It did
last week. Yesterday the estimate was for a
falling of 750,000 bu for the week, but the de
tailed statement of today shows decrease of 598,-
435 bu, leaving 7,434,316 bu in store. Receipts
at other markets were 3 cars at Duluth against
5. and 7 at Chicago against 7. Winnipeg getting
61 against G4, while in the southwest St. Louis
had 20,000 bu against 23,000 and Kansas City
88.000 against 18,000.
Marfield had a wire from F. P. Frazier, Chi
cago, calling attention to the maintenance of an
export basis for September wheat against the
alternate strong and weak markets, September
in Liverpool being 14%e over Chicago September,
and London October wheat 10%c over.
Secretary Wilson of the department of agricul
ture, who was in Chicago was quoted as saying
that wheat prospects in the southwest are good.
Jle has made an extended tour thru that section
the past ten days.
Xeai the close Commons got the following from
the Tnlted Grain company, Toledo: "Wheat in
Illinois, Indlaim, Ohio and Michigan, as well as
Kentucky and Tennessee, In condition is nearly
i perfect as It can be, having improved 2 to
points sluce the last government and state report.
Many dealers advise us that the yield will av
erage from 23 to 40 bu thruout the whole terri
tory. Given three or four weeks of favorable
weather and the country will be selling new
wheat for Julv shipment in large quantities."
Primary receipts 284,000 bu against 140,001
clearances 35.000 bu.
Near the close the market turned very strong
and September sold to 84%c, closing at 84%
S4%e.
THE FLOUR MARKET
HO CHANGE IN PRICES NOB IN THE GEN-
ERAL SITUATION.
Trices remain unchanged. The week closes
with little of new Interest in the situation, de
mand still running moderate and shipments
light. Millers are operating only at part ca
pacity, aud one large company only 9,01)0 brls
iin dav this week. Buyers are taking a little
flour al lthe time, but will not stock up.
Shipments. 30.307 brls.
First patents aie quotable at $6.20@6.30 sec
ond patents ?0(i) 10: first clears, $4@4.10 sec
ond clears, ?2.75@2.85.
THE CASH TRADE
A STEADY CLOSE AT PRICES ONLY SLIGHT-
LY CHANGED.
FLAXReceipts, 3 cars, against 5 last year
shipments, none. Duluth received 1 car. Clos
ing prices. MinneapolisCash, to arrive and
May, $1.41%.
OATSNo. 3 white closed at 30%c. Receipts,
S3 cars shipments, 12 cars.
CORNClosing prices for No. 3 yellow, 48%c.
Receipts, 4 ears shipments, none.
FEED AND COARSE MEALCoarse cornmeal
and cracked corn, In sacks, sacks extra, $18(iS
18.25 No. 1 "ground feed (2-3 corn and 1-3
oats), 80-lb sacks, sacks extra, $18.50@18.7o,
No. 2 ground feed corn and oats), 80-lb
sacks, sacks extra, $19@10.26: No. 3 ground
feed (1-8 corn and 2-3 oats), 75-lb sacks, sacks
extra. $19.50@19.75.
MILLSTUFFS Bran in bulk. $13(313.50
ehorts, $13gil3.50 middlings, $10 red dog.
$19 all In Minneapolis In 200-lb sacks.
$1 per ton additional. Shipments, 1.195 tons.
RYEClosing prices ou No. 2, 75%@76%e.
Receipts. 3 cars shipments, 3 cars.
BARLEYFeed grades closed 39@41c malt
ing grades, 41@4Cc. Receipts, 0 cars ship
ments. 8 cars.
HAYChoice timothy, $10@10.50 No. 1 tim
othy, $9.50@10 No. 2 timothy, $8@9: No. 8
timothy, $6 50@7.50 choice upland, $8.50(?r0
wheat and oats straw, $3@4. Receipts, 70 tons.
CASH SALES REPORTED TODAY.
No. 1 iio.-them wheat, 27 cars $1.13%
No. 1 northern wheat, 2 cars, to arrive 1.13%
No. 1 noithern wheat, 1,600 bu, to arrive 1.13%
No. 2 northern wheat, 7 cars 1.06
No. 2 northern wheat, 6 cars 1.08
No. 2 northernr wheat, 2 jars 1.07
No. 2 noithern wheat, part car 1.07
No. 2,northernr wheat, 1,000 bu, to arrive 1.08
No. 3 wheat, 13 cars 1.00
No. 3 wheit, part car 1.00
No. 3 wheat, cars
No. 4 wb*at, 8 cars
No. 4 heat, 4 cars
No. 4 wheat, 1 car, choice
No. 4 wheat, 1 -car
No. 4 wheat, 0 cars
No. 4 wheat, 1 car
No. 4 what. 5 cars, elevator
No. 4 wheat, 1 car
No. 4 wheat, 2 cars
No. 4 wheat, 1 car
No. 4 wheat. 1 car
Rejected wheat, 1 car
Rejected wheat, 1 car
Rejected Wheat, 1 car.
"^*'"v^^
May
July
Sept
.99 .90 .91 .95 .92% .93 .88 .85
.91% .94 .92 .89
67
55 88
Rejecte wheat 1 car 71%
PUTS AND CALLS.
1:30 p.m. report:
PutsJuly wheat, $1.02%.
CallsJuly wheat, $1.06%.
CurbJuly wheat, $1.04.
PutsSeptember wheat. 82%c.
CallsSeptember wheat, 85%c.
CurbSeptember wheat, 84%@S4%c.
NEW Y0BK SUGAR AND COFFEE, May 20.
Sugar, raw, nominal: fair refining, 311-16c
centrifugal 96 test, 4 5-16c molasses sugar.
3 7-16c refined, steady crushed, 6.55c pow
dered. 5.95c: granulated, 5.85c. Coffee, quiet
No. 7 Rio, 8c. Molasses, steadv New Or
leans, 2925c.
A Weak Openingj but a Very Strong Close
Open. High.
$1.13% $1.13%
1.01% 1.04%
.82% .84%
Minneapolis Oats
July.. .30 .30%
RANGE OF WHEAT PRICE IN MINNEAPOLIS
Minneapolis $1.03%@1.04 $1.02%
Chicago 88@%
Duluth 1-06
St. Louis 82%
Kansas City 77% I
New York 92%
May 20. "Winnipeg 93
r^tt^r^SlKo. 3 wheat. 90c@$1.01 No. 3 white oats. 30%c
anothV
:hed. The pit crowd looked lor $1,413*. No. 3 jellow corn. 48%c barley. 39c to 45
STATE GRAIN INSPECTION, MAY 19.
Cars Inspected InWheatGreat Northern
No. 1 northern, 5, No. 2 northern, 5, No. 3,
7 No. 4. 0. no grade, 1.
Chicago. Milwaukee & St. PaulNo. 1 north
ern, 10 No. 2 northern, 42 No. 3, 5 No. 4,
10, rejected. 7.
Minneapolis & St. LouisNo. 1 northern, 2.
Soo LineNo. 1 northern 1 No. 4, 2.
Noithern PacificNo. 1 noithern, 1 No. 3, 3
No. 4, 6 rejected. 2 no grade. 1.
Chicago. St. Paul, Minneapolis & Omaha
No. 1 northern. 14 No. 2 northern, 8 No. 3,
5, rejected, 4.
TotalsNo. 1 northern, 33 No. 2 north
ern, 55 No. 3, 20. No. 4, 27 rejected, 13
no grade, 2.
.Other GrainsNo. 3 winter wheat, 1 car:
mixed wheat, 1 No. 3 corn. 1 i\o. 3 white
oats. 0: No. 4 white oats. 11 No. 3 oats. 3:
no grade oats, 1 No. 2 rye. 2 No. 3 rye. 1
No. 3 barley, 1 No. 4 barley, 2 No. 1 feed
barley, 2
Care I respected OutNo. 1 northern wheat, 62
No. 2 northern wheat. 64 No. 3 wheat. 57.
No. 4 wheat, 37- 1 ejected wheat. 8 no trade
wheat, 2, rejected winter wheat, 1 mixed
what, 4 western wheat. 1 No 3 yellow corn.
2 No. 3 corn, 1, No. 4 corn. 1 No. 3 white
oats, 12 No. 4 white oats, 14 No 3 oats, 8
No. 4 barley, 1 No. 1 flax, 1.
DAILY WHEAT MOVEMENT, MAY 19.
The following pre the receipts' and shipments
at the principal primary wheat markets.
Receipts, Shipments
Bushels.
Philadelphia 1,600
Baltimore 100
Toledo Detroit 28.661
St. Louis 26.000
Boston Chicago 6,000
.Milwaukee 880
Duluth Minneapolis 184,000
Kansas City 36,000
Wheat May 20.
No. 1 hard 10,576
No. 1 northern 4.336.888
All other grades 3.086,852
Totals 7,434.316
Decrease 598,435
Corn 12.789
Oats 997.114
Barley 193,006
Rye 24.276
Flax 977,415
84 85
40%
50 30%
30% 30% 80%
.30 .30%
Rejected wheat, 1 car
No grade wheat, 1 car
No. 3 corn, 1 car
No. 4 corn, 2 cars, on way bill
No. 3 white oats, 7 cars to arrive
No. 3 white oats, ,2 cars
No. 3 white oats, 2 cars
3,500 bu to arrive
No. 4 white oa^s. 2 cars
No. 4 white oats, 4 cars
No. 3 oats, cat 29
No. 3 oat-?, 1 cat 30
No. 2 rje. part car 77
No. 1 feed barley, 1 car 42%
No. 1 feed barley, 1 car 42
No. 1 feel barlej, part car 44
Rejected rliu seed, part car 1.41
Witter Wheat.
No 3 winter heat, 1 car 98
SjK-lt/.. 1 c.ir 78%
Close.
Low.
$1.13
1.01%
.82%
Bushels.
Close
Today.
$1.13%
1.03% 1.04
84%
.30
.87%
1.04%
.81% 77% .92% .92%
CLOSING CASH PRICES
On Track- No 1 hard, $1.15y3 No. 1 northern, $1.13% No. 2 northern, $1.07@1.10
&c No. 2 rye, 75%@76%c No. 1 flax,
RANGE OF PRICES FOR THE WEEK
1.000 2,200
34.000
7.642
43.495
9,313
59,561 *!3,840
24,1,00
GRAIN IN REGULAR LOCAL ELEVATORS
-Week Ending
May 13.
10,576
S.032.7Tt
436.603 I
22,749
1,106.629 I
277.132
52.202
998,561
MISCELLANEOUS
NEW YORK COTTON, May 20The cotton
market opened firm at an advance of 4rtT5 points
on week end covering accelerated bv cables and
some talk of too much rain in Texas, altho the
weather showed favorable condition in most sec
tions. Business wa very quiet during the morn
ing and prices held within a point or two of
the ope ling figures.
Cotton futures opened flrtn May. 7.84c June.
7.63c bid Julv. 7.73c: August. 7.74c Septem
ber, offered, 7.78c October. 7.83c, November.
7 86c bid December. 7.S9c January, 7.93c
March. 8c.
Cotton futures closed steady May. 7.S8c June.
7.65c Julv and August. 7.74c September. 7.78c
October. 7.84c: Novanber. 7.85c December,
7.89c January, 7.93c February, 7.95c March,
8.01c.
Spot closed quiet: middling uplands, S.30c
middling gulf, 8.55c sales. 27 bales.
Clearances for th eweek: Wheat mid flour,
35.000 bu: corn. 122,000 bu oats, 7,000 bu.
Bartlett buying old July corn.
Liverpool close: Wheat unchanged to %d
lower: corn, ^'id lower.
Total clearances: Wheat, 8,000 bu flour,
8,000 bu corn. 122,000 bu oats, 7,000 bu wheat
and flour equal 44,000 bu.. English visible sup
ply af wheat decreased 601,000 bu.
Your Wheat In to Sell on the Bulge."
C."Ship C. WYMAIS & CO.witknocchioff."differencae
Grain Commission. 47 Chamber of Commerce.
Close.
Yesterday.
$1.13%
1.02%
.83%
Year Ago.
$ .97
.95%
82%
.30%
THE DAY'S REPORTS
July Wheat
Close. Close.
Today. Yesterday.
-Sept. Wheat-
Close.
Today.
$ .84%%
.81%
84%
80% .73%%
Close.
Yesterday.
$ .83
.80%
.83% .80% .73% .85%
GRAIN TRADE GOSSIP
Campbell-McLean, Winnipeg, say "We wish
all who read the ciop repoits to lemember that
it does not follow because we have such gojd
crop prospects at present that there will be a
big ciop harvested. It is possiMe but not prob
able that the crop may be a poor one, bs later
crop conditions may not be favorable. Personally
we look for a big and early crop. Thtre will
be wheat hat vested in Manitoba and possibly
some in the Territories within eighty days, and
barley within seventy days* from this date, and
in ninety days harvesting will be general in
Manitoba."
Poehler says
"The position of the wheit
market is growing stronger, and the fact that
the season now promises to be late, in both the
spring and winter wh^at belts, mskes it quite
sure that with exhausted stocks of old wheat by
July 1 it will be impossible for all shorts to
cover without causing a further big advance
sooner or later. No matter what the crop
prospects, either In this country or abroad, Sep
tember Is. of course, based purely on crop pros
pects, but in Minneapolis, with a late season,
September is nartly 'a new and old' wheat
proposition. Julv in I hicago and July in Min
neapolis are different propositions, and we be
lieve it dangerous to sell short Minneapolis July
at any time for the reason that the chances
aie nine out of ten it will ba squeezed, either
thru manipulation or natural conditions. Be
tween now and Julv there will no doubt be
some sharp fluctuations, but the safest thin? to
do will be to buy on the declines and then wait
for a good advance to sell on. On a further
setback September whett should be bought
again."
The Duluth Commercial Record savs- "Wet
weather, accompanied extreme cold, has de
lated farm work during the pant week. As
a'result considerable bailey and flax lemnins
to be seeded. Soire fears are expressed that
the cold wet ground h,'S pievented wheat germi
nation end caused snn,ie rotting. On the whole,
l,0,Vrver, it is safe to nv that wheat condi
tions are favorable. Flax seeding has made
some progress, but a lr.rge area still remains
to be seeded. However, there remains forty
4.475,190 1 flay., which it will safe to seed flax, and
3,546.985 jit "will probably be seeded for forty days to
come
POINTED PARAGRAPHS.
Chicago News.
Other men besides ministers marry for
money.
Some men prefer to do their haymaking
by gaslight.
Every man has a streak of genius in
himonly a streak, mind you.
It's all right to nod to an auctioneer if
you wish to buy or be sold.
It sometimes happens that a man quar
rels with his wife because she makes up.
Never judge a man's ability as a horse
trader by the prayers he offers in public.
What has become of the old-fashioned
woman who used to roast her own coffee?
A man can make or lose a fortune while
two women are saying good-by to each
other.
Fortunately a mother never knows just
what the neighbors really think of her
children.
A young married couple could probably
live on wind if the bride's pa would raise
it for them.
A wife and several small children have
kept many a man from squandering his
hard-earned coin foolishly.
CHIP AND BLOCK.
Philadelphi Press.
"Oh!" growled Dumley, "you're too
pugnacious. You're forever going around
a on your shoulder foe some one
to
"That's the between you and
me," replied Huskey. "You go around
with a block on your shoulders
somebody ought to knock off."
Defective Page
Th"e World's MarketsGrain, Securities,
CHICAGO GRAIN
FISH TONE IN WHEATCORN MARKET
STEADYOATS BEARISH.
Chioago, May 20.-Additional rain In Kan
sas and Oklahoma imparted a firm tone to the
wheat market here today. Commission houses
were liberal purchasers, the September option
being In especially good demand. At the open
ing the market was a trifle easier owing to
liberal receipts at Minneapolis, but sentiment
soon became quite firm. July opened a shade
to %@%e lower at 86%c to 87c, and advanced
to 87 %c. Minneapolis, Duluth aud Chicago
reported receipts of 210 cars against 89 cars
last week and 92 cars a year ago.
Ou busing by several Influential traders the
market became strong. An advance at Minne
apolis was a prominent factor. July sold up
to 88%c and closed at 88@88%e, a gain of
an even cent over yesterday's final quotations.
Cash wheat. No. 2 red, $1.02 ({i!1.04 No. 3
red, 98e@$1.01 No. 2 hard, 96%@97%c No. 3
hard. 00(&95c No. 1 northern, $1.00(^1.08 No. 2
northern, $1.03@1.07 No. 3 spring, $1@1.06.
CloseWheat. May, 08e July, 88@88%c
September, 81 %c.
Strength of wheat offset the effect of improved
weather conditions, causing a steady tone In
the corn market. Pit traders were the principal
bujers. July OIK ned %c to 14c lower, at
47%e to 48c. Atter selling at 4814c, the price
settled back to 48c. Local receipts were 67
cars, with 9 tars ot contract grade.
The market eased off as trading progressed,
3\.i*f declining to 4'i%e. The clos was weak,
with July "ft %e. at 47")ie.
Cash corn. No. 2. 54L NO. 3, 52%($53%c.
Ciwse: Corn, May, 52%c July, I7%e, old,
iT%e September, 47%c old, 47%c December,
44*c utf. 44%
Excellent weather had a bearlnsh effect on
the oats markit. Julj opened to %@%c
lower, at 29'.,20% to 29-^c. aad sola at
29%c Lotul receipts weic 153 cais.
Cash cats. No. 2, 80V @'301'.c
No. 3, 30c.
Close: Oats. May, 30"c "July, 29%c Sep
tember, 2S-s
The following was the range of pi ices:
Wheat Mav. Jul Sept.
Opening 96 86%@87 8u%@%
Highest 98 88% 82
Lowest 96 80% 80%
Closing-
Today 98
Yesterday 95%
Year ago 99%,
Corn
Opening 53%@%
Highest 54
Lowest 52%
Closing
Today 52%
Yesterday 53%
Year ago 48
Oats
Opening 30%
Highest 30%
Lowest 30 fe
Closing-
Today 30%
Yesterday 30%
Year ago 41%
8S@88%
87@S7% S9feS9%
81% 80% 82%
48%
48 47%
47%
47%@% 47%
47% 48% 48%%
47% 47% 47%
29% 29%
29%g
28 28% 28
29%
29% 38%
28%
28% 30%
OTHER GRAIN MARKETS
DULUTH GRAIN, May 20 Wheat was dull
as far as trading was, concerned, but the price
was strong. The July option opened %c off
at $1.03% and sold up to $1 0014. closing at
$1.06, an advance of l%c September advanced
lc to 84%c. Flax was very dull. May closed
%c lower, July Id lower and fall options weie
unchanged.
The close: Wheat, to arrive, No. 1 northern,
$1.06% on track. No. 1 northern, $1 06% No.
2 northern, $1.02 durum No. 1, 88c durum
No 2, 87c May, $1.06%', July, $1.06 Sep
tember, 84%c. Flax, to arrive, on track and
May, $1.43% July. $1.44 September, $1.26:
October, $1.24%. Oats, to arrive and on track,
30%c. Rye, to arrive and on track, 75c. Bar
ley, feed, 89%@41e.
Cars inspected: Wheat. 3 last year, 5, rye,
1 flax, 1, last year. 24. Receipts: Barley.
347 bu flax, 1,120. Shipments- Wheat, 59,561
bu oats, 3,887 barley, 938.
NEW YORK FLOUR AND GRAIN, May 20.
Flour, receipts, 17,763 bils sales. 1,000 firm
but quiet Minnesota patents, $5.50(^6 winter
btruights. $4.65(ff4.85 Minnesota bakers', $3.40
$3.85 winter extras, $S.33@3.65 winter patents,
$4.90@5.25 winter low, $3.25 3 65. Wheat sales
2,000,000 bu opened a shade lower under better
weather west and .lbeial northwest receipts but
quickly rallied on steady cables and strength
in the northwest May 9S%Lt98%c July, 92
I2%c September. 85%'!854c Corn, receipts,
37,625 bu dull and no trinsactions.
MILWAUKEE FLOUR AND GRAIN, May 20.
Flour, dull. Wheat, lc up No. 1 northern.
.14, No. 2 northern, $1.05@1.09: July, 88c
asked: puts, 80%c lid calls, 89%c askea. Rye,
%c up No. 1. 82c. Parley, dull No. 2. 51c
sample 38@50c. Oats, firmer standard. 33%c.
Corn, dull No. 3, 52%@5r.%c: July. 47%
asked puts, 47%e hidj caUs, 48%@48%c raked.
WINNIPEG GRAHfoMay ZO.r-'Opening. May,
91c, July, 92c: close. May, 92e July 93c Oc
tober, 78%c: cash. No. 1 n6rthern, 92%c No. 2
northern. 89c No. 3 83 %c, No. 4 extra. 76c
No. 4, 75c No. 5, 64%c feed, 60c. Receipts,
61 cars year ago, 64 cars.
CHICAGO COARSE GRAIN AND SEED, May
20.Rve, May, 77fti78c Julv, 60c September,
57@59c. Flax, cash, northwestern, $1.42
southwestern, $1.26 May. $1.26. Timothy.
Mav, $2.95 September, $3 20. Clover, May,
?12@12.25. Barley, cash. 42@50c.
LIVERPOOL GRAIN, May 20.Wheat, spot,
quiet No. 1 California, 6s 9d futures, quiet
May, 6s 8d July, 6s 9%d September, 6s 7%d.
Corn, spot, firm American mixed, new, 4s 4%d
futures, quiet May, 4s 3%d July, 4s 4%d.
BANK CLEARINGS
New York, May 20 The following table,
compiled by Bradstreet. shows the bank clear
ings for the principal cities for the week ended
May 18, with the percentage of increase and de
crease as compared with the coi responding week
last year:
Per Cent.
Inc. Dec.
New York $1,743,492,290
Chicago 184,585,598
Boston 146,040.850
Philadelphia 134,17.3.814
St. Louis 58,06(8 815
Pittsburg 49.249.964
San Francisco 34,428,902
Cincinnati 24.061.600
Baltimore 22,896,960
Kansas City 22.777.433
Minneapolis 16.508.755
Total $2,671.718.254
Outside New York.. 928.225,958
Balances paid in cash
totals because containing
clearings.
CURRENTS AND CURRANTS.
Houston Post.
"Shall I send you a jar of currants?"
asked the kind-hearted visitor.
"Please don't!" exclaimed the prisoner,
with a shudder.
"Don't you like them?"
"No'rn they'll be the death of me. I
am sentenced to be electrocuted next
month.
MODEST BOY.
Chicago Journal.
A little boy was being reproved by his
mother.
"Charlie," she said, "if you behave like
this, you know, you won't go to heaven."
The child thought a little, and then said:
"Well, I've been to two circuses and to
'Uncle Tom's Cabin' I can't expect to go
everywhere!"
ACCOUNTED FOR.
Columbus Dispatch.
"Life is getting to be an awful bur-
den," said the man with the crimson beak.
"No wonder," rejoined his good. wife.
"You are nearly always loaded."
AND THEN SOME.
Chicago Tribune.
"They have arretted him, have they?
What is the amWrlt of the defalcation?"
"No one know^Jaut It must be enor
that mclus. He can remember where $10,000
of-lt wen
ffi-
sea \-&<-z w^Hii^^m^
Sales. Stocks
1,900
100
8,400
22,500 55,700
1,000 5,000
100
5,800 5,600 6 500
2,800
200
2,800
100 200
6,J0
200
300
7,100
500
15,595.695 14.S74.916
11.767,318
12 231,211
7,897.081 7.687.947 7.782.800 9.911.345
7.449.4S2
7,244,348
6,337.553
4,167.200 3.932.835 4.763.838 5.325.42P 5.731,275
5.011.842 4,627.978
3.844,061
3.214,907 3 461.107
2.621.999 2.363.461
1,597.449
722.245
1.178.637
075.977
485.737
246 600
11.536,309
9,627.0-00
New Orleans
Cleveland
Louisville Detroit Milwaukee
Omaha Providence Los Angeles
Buffalo
Indianapolis St. Paul
Memphis St. Joseph
Richmond
Denver Seattle Washington
Portland, Ore.
Toledo Salt Lake City.
Spokane
Des Moines
Tacoma SIOUK City
Davenport
Topeka Helena Fargo Sioux Falls
Houston
Galveston
MINNEAPOLISUOURNAll^^^^^^^ May 20/1905.^^^^^^^^^^??
EARLY ADVANCE IS WIPED OUT
OPENING TODAY MARKED BY A
SHARP RISE.
Metal and Railroad Equipment Stocks
Show Most StrengthLiquidation
Following the Bank Statement Can
cels GainsThe Week Marked by
Liquidation Movement.
New York, May 20.Some efforts were made
to lift prices on the Stock Exchange early lu
the week, but liquidation developed on account
of anxiety over the future of the Iron and steel
trade.
The discussion of the determination of the ad
ministration to purchase Panama canal sup
plies in cheaper markets abroad aroused a fear
that the whole subject of tariff revision was to
be opened. Confidence in the working out of
plans for harmony in the northwestern railroad
field was impaired by the dropping of the Harri
man representatives from the Northern Pacific
directorate. Unfavorable crop weather also con
tributed to the depression and political uneasi
ness abroad Induced some selling here for that
account. The money market was undisturbed
by some large transactions.
The holiday in London today relieved the stock
market from the recent pressure to liquidate
from that source and prices rebounded sharply.
There were running sales of 5,000 shares of
United States Steel at an extreme gain of a
point and gains reached about a point in St.
Paul, Baltimore & Ohio, 'General Electric, New
York Central and Locomotive preferred and a
large fraction in Union Pacific, Chesapeake &
Ohio, Locomotive and United States Steel pre
ferred.
Quite a number of substantial advances were
made on relatively small purchases before the
rise reached a level that induced realizing. The
most strength was shown by the metal and the
railway equipment stocks. Union Pacific got
close to 119. Top prices showed advances rang
ing to about a poiut for United States Steel
preferred, Amalgamated Copper, Colorado Fuel,
Lead, Locomotive, American Car, Louisville &
Nashville, Ontario & Western, Cleveland, C. C.
& St. Louis and Chesapeake & Ohio. Gains were
completely wiped out by a movement to real
ize near 11 o'clock and most of the standard
lailroad stocks sold fractionally under last
night. Reading ran off rapidly to 89 Illi
nois Central and Sloss-Sheffield declined 1%,. and
Delaware & Hudson, Minneapolis, St. Paul &
Sault Ste. Marie and International Pump, 1%
to 2%. Northern Pacific dropped 3.
Free and general liquidation, which was
checked only momentarily, was renewed after
the appearance with the bank statement with
its heavy expansion and deep cut into the sur
plus reserve. There were only a few notable
exceptions to losses of one or more as a result.
Northern Pacific dropped 4, St. Paul, Minneapo
lis, St. Paul & Sault Ste. Marie, United States
Rubber preferred and Smelting, 2% to 3
North-Western, Great Northern preferred, Illi
nois Central and General Electric, 2 Union Pa
cific, New York Central, Canadian Pacific, At
lantic Coast, Reading, Ontario & Western and
Amalgamated Copper, 1% Westinghouse Elec
tric, a point United States Steel sold under 26.
The profit-taking by shorts made no appreciable
rally and the closing was weak.
Closing quotations reported for The Journal by
Watson & Co, Chamber of Commerce, Mlnng
apolls. Closing figures are bid.
lOOlConsol. Gas
300 Den. Ar Rl" Gi.l
1)01 do pr
iD.. S. & A I
I do pr I
17.W-I Eile I
3,00 do 1st pr.. .1
4001 o 2d rr-
l.lOO.Ge.i Llettricl
ICrcen Con Cop
iUrtnt Nor pr
20)| Ihx-U Vuli
I Close
I Hlgh-
est.
32%
Low- I Bid. Bid.
est. [May20|Mayl9
Am. Woolen..
do pr
Am. Car
do pr
Am. Locomot..
do pr
Am. Sugar
Am. Smelting.
do pr
Amal. Copper.
Anacon. Cop
A., T. & S. F.
do pr
B. & O
B. R.
Can. Pacific...
Ches. & Ohio.
Corn Products
do pr
Chi. Gr. West
do pr 1
CCC A: St. L.I
Col. Fuel &- I.
Col. fccuthern..
do 1st pr...'
do 2d pi 1
32 32 32%
103
33 95% 47
110% 133% 111 119%
77%
104
78%
101% 106%
60%
144%
40% 12%
56% 18% 31
97
41%
26% 53' 32%
186
28 84 12 24 38%
76 62%
I 170
25% I
278 I
87%!
155%!
19
78%] 25%,
58% I
141% 112%
156 162 115%
75% 95% 24% 58 19%
60 45 76%
99%
181
162% 209%
138%
34%
90 481
33 95%
47
33
96% 47%
111 134 113%
120
80%
105
79 &
110%
133% 110% 119%
77%
104
78%
109 134 112% 119
79%
105
78%
101% 106
60%
146
46% 12%
107%
61
146^4
47%
19% 18% 18% 31
96%
42% 26% 53%
98
43%'
26
97
41
26%
I 32%
i 187
I 27%
84 12
I 24
I 39
I 77%
I 63%
I 171
I 25%
I 282
28%| 28
.1.
12%, 12
'39%|"38%
77 76 y4
63% I 62%
112 I 169
87
Illinois Central
Inter. Paper
do pr
K. C. & South
do pr
Louis. & Nash
M., St. P. & S
do pr
Manhattan Met. St. Ry..
Met Securities
4,700 1,000
157%
19%
78%
155%
19
78%
157%
19%
78 26
59
142% 114
156 163 116
76% 95%
143r* 113}
100 900
41.8 15.3
10.2 25.1
8.1
30.9
13.6
3.3
14.4 31.6 52.7
14.9 21.1
9.4
14.7
1 9
.2
20.4
40.4
32.400
2,600
47.400
200
8.0
37.3
19.8
2.4
'7.6
24.0 44.1
22.6 43.0
24.7
23.3 47.7
10.5 69.1
29.7
116.6
29.0
32.0
13.0
400 100 700 200
Not included In
other Items than
"58%
141% 112%
116%
76% 96 25y4
:is%
75% 95 24%
3,000j Missouri Pac
900IM.. K. & T..
I do pr
l,200IMe\ican Cent.
1,1001 Nat. Biscuit..
I Nat. Lead
1,900 Norfolk & W
2,000
cent.
Bank 150
Minneapolis Gas Light Com
pany 6s. 1910-3V 106 108
Minneapolis Gas Light Com
pany, gen. mortg. 5s,
1014-30 7 102 102% 102
Minneapolis General Electric
Co. 5s, 1934 103
Mlunei, polls Brewing Com
pany, common 150
Minneapolis Brewing Com
pany, preferred 107
Minneapolis Brewing Com
pany, bonds 110
Minneapolis Svndtcate
Minneapolis Threshing Ma
chine Company 175
Minneapolis Steel 6. Machin
ery Co.. preferred
Minneapolis Steel & Machin
ery Co.. common 108 110 108
North American Ttlegraph
Company 80 SO
Twin Cltv Telephone Co..
first mortgage 5s, 1913-16 95 8
Twin City Telephone Co.,
common
Twin City Telephone Co.,
preferred
nt
20% 19%
46%
77
99%
1,000
1,100
45 76%
99 No. Am. Co..
No. Pacific...
No. Securities.
North-West.
N. Y. Central.
Omaha
Ont. & West.
Pressed Steel.
do pr
Pacific Mall
Pa. R.
People's Gas
Reading
do 1st pr...
do 2d pr
Repub. Steel.
do pr
Rubber Goods
do pr
Rock Island.
do pr
St. Paul
20% 60% 44% 77
99%
183%
1.000 6,500
181
'2li%
140%
4,900
200
209
138%
184,4 16-{% 211
172
47%
37 93
200
45% 36%
92
45% 36%
92 35%
I 139%
I 172
46% 37 92 36%
133%
97 90 85% 17 71%
134% 100
90%
1,900
1,500
2,000
100
7,900 1,000
34,000
12,100
4 400
100
2 500 600
300
66,300
132%
9S% 88%
Southern Pac.
Southern Ry..
do pr
T. C. & I
Texas Pacific.
T. C. K. T....
Union Pacific.
do pr
U. S. Leather.
U. S. Rubber.
do pr
U. S. Steel....
do pr
do 5s
Va. Chemical.
do pr
West. Union..
Wis. Central..
do pr
3.9
io'.6 45.2 3l79 16.8
132%
99 88% 90 85% 16%
70% 34%
103%
26%
72
170%
59% 28%
95%
76%
31%
110% 116%
96 11 37%
105%
25% 92% 93% 33
104
92% 22 46%
17% 72 34%
16%
70% 34%
27%
73
26%
72
174%
60%
28%
170%
50% 28%
78 32%
76% 31%
118%
500
200
6%
38% 37%
105%
27%
94%
10,300 63,900
105%
25%
92% 93% 93% 33% "33% "33'
104
22% 22
Total sales, 638,600.
22%
49%
MONEY REPORTS
MINNEAPOLIS. May 20.Bank clearings to
day, $2,527,036.33 New York exchange, sellipg
rate, 60c premium, buying rate, 102 premium
Chit ago exchange, selling rate. 50c premium
bming rate, par London sixty-day sight docu
mentary e\hange, $4.84%.
PARIS, May 20 Three per cent rentes.
Exchange on London,
NEW YORK, May 20.Money on call, nom
inal no loans: time loans, easy sixty days. 3
per tent ninety days, 3% per cent, six months.
3% per cent prime mercantile, 3%($4% per
cent sterling exchange firm, with actual busi
ness in bankers' bills at $4.8705@4.8710 for de
mand and at S4.S5@4.8510 for sixty-day bills:
posted rates.
$4.85%baand
$4.87%
blllB. $4.84@4.84!ti
commercialMexica silver. 58%c
dollars, 45c: government bonds, steady rail
road bonds. hea\y.
ST. PAUL, May 20.Bank clearings today,
$924,365.62.
LOCAL SECURITIES
MINNEAPOLIS.
Last
Sale. Bid. Asked.
German-American Bank..''... 160
First National Bank 198
Germania Bank 100
Hennepin County Savings
Bank
Minneapolis Trust Co
Minnesota Loan & Trust
Company 125
National Bank of Commerce 155
Northwestern National Bank 225
St. Anthony Falls Bank 150
1 Security Bank of Minnesota. 205
Swedish-American National
ios
200 105 160 145 150
130 163
123
108
104 104
100
107 110
100
113
x02
200 100 100
97
American National bank..
Capital bank 125
First National bank 150
Merchants' National bank.. 143
St. Paul National bank 107
Scandinavian-American bank 140
Second National bank 140
State bank
Northwestern Trust com
pany 110
Minnesota Transfer Railway
1st 5b. 1916 103
Minnesota Transfer Hallway
compiuy 1st 6s. 1930 *95
Security Trust company
St. Paul Union Depot com
pany 1st 63. 1930 125
Union Depot company, con.
5s, 1944 *109
4s, 1944 *100
Interstate Investment Trust
company
American Light & Traction
company, pfd 101
American Light & Traction
company, com 88
American Light & Traction
company, com 95 97 97
St. Paul Gas Lizbt com
pany 1st 6s. 1915 *116 "Il
St. Paul Gas lAzht com
pany 1st con. 0s, 1918.. 112
St. Paul Gas Lirbt com
pany rea. 6s of 1944 99 100 99
St. Croii Power company
1st 5s. 1929 *95 *100
Pioneer Press company, com
(par $50) 5
Tioneer Press company, com
(par $50 35 60
West Publishing company,
com 300
West Publishing company,
pfd 10T
Tlbbs, Hutchings & Co..
com 100
Tibbs, Hutchings & Co.,
pfd 102
Superior Water. Light &
Power company 10
Superior Water, Light &
Power comoaay 1st 4s,
1931 ...._..". 60
St. Faul Union Stjcks
Yards. 1st 5s, 1916
St. Paul Fire & Marine In
surance company 195,
*94
3714
60
A girl Isn't a poem merely ^because she is
averse to a poet.
HALLET & O
Grain Commission
112 Chamber of Commerce, Mioaeapolis
MARFIELD-
GRIFFITHS CO.
GRAIN COMMISSION
MtNNBAPOUS
DULUTH
105%
60%
144%
46%
CHKAQO
AULWAI/KBB
DONALD MAOEAY, Comprising a
Member New York and Boston majority of
Stook Exchanges. /the members
LATHAM A. FISH. [of the late
GEO, D. MACKAY, flrm of
Member New York Stock Ex-(
change. VerDIIIVt
G. TB.OWBBIDGE H0LLI8TEB, 1 on"'
and ft IfOi
F. W. KENDRICK.
Mackay & Co.
Nassau and Pine Sts., New York
13 Congress Street, Boston
Dealers In U. S. Government Bonds
and other Investment Securities.
Deposits received and interest al
lowed on balances, subject to draft at
sight.
Messrs, Verner & Co.. Philadelphia, Pa.
Messrs. Thos. Branch & Co., Riohmond, Va.
Correspondents Connected by private wires.
Ship your Hay to
173%
60 28%
95% 77 32
110 118%
96% 11 38%
105% 426V.
Loftns-Hubbard Elevator Company
St. Paul, Minnesota.
ninth CWcaw
E A. BROWN & CO.
Grain Commission
WHOLESALE COAL
Cowtsumeuts Solicited. Prompt Retavns
Ooamtced.
Minneapolis
rtflnp
99t 25f 45c for the account.
18 %c for checks.
LONDON, May 20.Today If a holiday on the
Stock Exchange. Bar silver firm at 27%d per
ounce. Money, 1%@1% per cent. Discount
rates: Short and three months' bills, 2 3-16 per
cent.
BERLIN. May 20.Exchange on London, 20
marks 48% pfgs for checks. Discount rates:
Short bills,^1'4 per cent three months' bills.
I1*1"
Minnesota
RAW F(KS AND
SHP THEM"TO US AHDGET BEST PRICES
JNJORTHVV^STERN HIDE & FURCO.
MJ0-Z02-204-1TSTNO AMNNEAPOLISAMNN
Gamble-Ribinson Commissiin Co.
Branch HousesSt. Paul. Msnksto. Aberdeen. 8. D.
*w^?^
225 150 208i
J160
210
WOODWARD A
Chas.E.Lewis&Co.
Grain and Stock Brokers
CHAMBER OF COMMERCE,
MINNEAPOLIS.
Invite personal interviews and correspondencerel
ative to purchase and sale of grain, stocks, bond*
Members All Exchange*. Private Wires.
Commission Orders Executed in
All Markets of the World
RANaH OFFICES: -St Cloud. Fergus
Falls, Comstock, Duluth. Minnesota. Fargo
Casselton, Hunter, HiUsboro, Grand Forks,
North Dakota and Winnipeg.
MINNEAPOLIS.
120
Last
Sale.
103 125 255 145
110 130
ST. PAUL.
Asked.
101 130
Bid.
147% 115 100
110
106
Edwards-OMAHA.
Wood
Co.
MAIN OFFICE
Fifth and Robert Sts..
100 100
ST, PAUL. MINN.
130 115 Hi
109
135 145
103 102%
92 88
(IKCORPOBATBQ)
DEALERS JN
Stocks. Grain. Provisions
Ship Your Grain To Us
BEST FACILITIES. PROM PT RBTCKH*.
LtBBSAX. ADVANCE S.
DULUTH WINNIPEG
110 and 111 Chamber of Commerce, and 811
Guaranty Loan Building. Minneapolis, Minn.
WATSON & CO.,
BROKERS IN
RAIN, PROVISIONS,
STOCKS ANB BONDS.
Members N. Y. Itoek Exchange
New York Office24 Broad Street.
Chicago CorrespondentsJ. H. Wrenn St
PriTata wire Chicago and New York.
Telephones N. W. Main 4482.
N. W. Main 4493.
T. C. 184.
420*421 Chamber off Oemmsroa.
Brauoh fffioa131 Quaraity Loaw.^
George V. Piper.
Walter S. Douglas.
PIPER-
JOHNSON
AGO
Ellsworth C. Warner
Dcaman F. Johnson
Brokers la
Stocks and Bonds
Grain and Provisions
40 9, 410, 411
Chamber of Commerce
Phones: N.W. M.
3421-3422 T.C.321
E.S. Woodworth & CO.
CHAMBER OP COMMERCE.
GRAIN COMMISSION
MERCHANTS.
Receiver* and Shippers of Wheat. Coarse Gratu
and Flax Seed. Orders for future deliveries exe
cuted in all markets.
Members of All Exchanges.
J. F. WHALLON.
GEO. P. CASE.
EMBERS
GEO. C. BAGLEY.
CHAS. M. CASE.
WhaIlon,Case&Co. ST0CK9, GRAIN, PROVISIONS
N ew York Stock Exchange,
Chicago Board of Trade,
Mpls. Chamber of Commerce.
Private Wlra to New York and Chioago.
68 CHAMBER OF COMMEACE.
Sl&Usi^AYE. SO.
Established 1878.
THE SECURITY
BANK OF MINNESOTA
Capital and Surplus $1,500,000
Deposits $10,000,000
We desire jour business and onr facilities en
able us to warrant satisfactory service.
601 Board of Trad*
Duluth.
Win. Dalrymple,
Wm. Dalrymple Co.,
901 Cham, of
Com. Mpls.
GRAINCOMMISSION
Receiving a specialty. Advances made to Farmers,
Shippers and Elevator Companies.
A. J, CUMMINGS
GRAIN COMMISSION
PROVISIONS STOCKS^ BONDS.
PRIVATE WIRES.
Office: Main Floor Dispatch Buildinjr.
ST. PAUL.
Member Minneapolis Chamber of Commerce
and Duluth Board of Trade
-HIDES
PELTS. WOOLrFURS
TO
MCMILLAN FUR & WOOL CO.
Exporter, Importer* MlnnesoIlf Sheepikin
FURS TANNERY
M1NNKAFOMS, MINN.
WRITE FOB CIRCULARS.
QRA/N COMMISSION
BRANCHES-Chlcas and Milwaukee. Orders for Xatnn deUrery executed is aQ
mm
Jmkbmrm In
Fpuftm, Vogota*
blom, Produoo
DrlotlFrultm an af
Cannom Good**
Liberal advances mado on
large consignments. Or
ders filled promptly jf
everything la ur llae.
CO.,mzr,*w

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