Newspaper Page Text
5
A Fair (Jain for the Day in Sep-
temberCash Wheat About
a Cent Off.
Eeceipts Still Light, Stocks De
creasing, and the Foreign
News Firmer.
But the Weather Fairly Goodvand
Millers Rather Slow
Buyers.
Minneapolis Chamber of Commerce, Aug. 26.
Wheat firmed up at the start today, and was
up to 84%c tor September befrr long. The
close was lower, 83%c, leaving a lair gain
for the day. Nothing important enough to be
considered an influence for strength could be
seen, and the advance was largely due to week
end covering. There was a forecast that orer
Sunday may turn out bad. but weatbAr condi
tions on the whole are favorable. Some foreign
newB came that was of a nature to cause
etiength, and there was another showing of
light receipts at the principal points. Neverthe
less cash wheat here was about a cent lov*er,
or 6c off for yesterday and today, and the prr
diction was that Monday will witness a further*
drop upleas the millers come into the market
in better shape. Tho same general waiting
tendency is noted. Buyers are willing to take
a little for specalatlon, but they are as quick
to let it go when the market fails to hold up.
Today's early advance looked at one time like
the real thing, but later on it was seen to be
nothing more than a fair rally, such as might
come at any time on a little short covering
Minneapolis stocks decreased by 779,086 bu, or
more than expected, bringing down the total
to 1,072,747. Minneapolis got 146 cars against
J50, Chicago 57 against 85 and Duluth 57 against
85. St. Louis got 79,000 bu against 153,000
and Kansas City 371.000 bu against 263,000.
Primary receipts totaled 740,000 bu against
788,000 Clearances were 44,000 bu.
The northwest weather was good, altho a
little threatening. Hlllsboro, cloudy, looks like
rain, cool, 60 above, strong southeast wind
Osakis, cloudy and cool with southeast wind,
St. Cloud, clear and fine, calm and cool, 72
above Fergus Falls, clear and fine, no rain,
strong southeast wind Fargo, cloudy, strong
Bouth wind, 70 above Hunter, cloudy, cool,
light southeast wind looks as if it might rain,
Comstock, part cloudy, strong southeast wind.
76 above Casselton, part cloudy, south wind,
Winnipeg, raining, 60 above
The forecast ears
Slabilitywillo
rof inability to secure ore cargoes. This fleet alone
1 could move 4,000,000 bushels of grain a month.
Nothing has yet been done in chartering, but It
Is understood boats are offered for September
at 2% cents, and it is presumed are expectantly
'waiting a 2-cent bid.
THE FLOUR MARKET
^STEADY AS YET BUT INCLINED TOWARDS
WEAKNESS.
The week closed with no further decline In
flour but the tone ersler and prices likely to
^follow on any material decline in cash wheat.
Demand is fair
Shipments, 38,977 barrels.
First patents are quotable at $5.40@5.50 sec
fond patents, $5.20@5.30 first clears, $4@4.lo
second clears, $2 65@2.75.
THE CASH TRADE
"PLAX LOWERMTLLSTUTFS LOWER, WITH
GOOD FOREIGN TRADE REPORTED.
FLAXCash flax was off another 5c. Re
ceipts, 12 cars against 3 cars last year snip
fments, 14 cars Duluth, 1 Closing prices
Minneapolis, cash, $134% to arrive, $1.11%
3 white closedcar
N
1
0ATS
^^f^^^^^l^^^l^^T^^g^ oaturclay Evening, (g 'JR
Minnesota, showers and
thunderstorms tonight and Sunday, cooler Sun
day, increasing oufherly
wiuds, Iowa, show ore
tonight, with warmer in east portion. North and
South Dakota, thunderstorms this afternoon and
tonight, cooler tonight, Sunday fair with cooler
In east portion
An Odessa cable to Bartlett says the export
trade in grain from the Black Sea ports is
paralyzed by lack of railway facilities, the
government having retained all the rolling stock
for military contingencies, either for the re
turn of the troops in case of peace or the for
warding of reinforcements Bhonld the war con
tinue. Many thousands of carloads of grain
have accumulated along the southern lines, and
all the warehouses are overflowing with grain
awaiting transportation to the sea. The ex
orters sustain heavy losses owing to their
fulfill engagements.
The following analysis of the export situation
Is by Ames-Brooks, of Duluth:
Assuming that we have an exportable surplus
and must find an export price basis before many
days, it is a matter of interest to see where
this will probably be. Reports from Russia are
very contradictory, but it appears safe to assume
that their crop this year is not entirely satis
factory. It also is demonstrated that the heavy
shipments from Russia the past year would
have been even heavier had their Inland trans
portation facilities been equal to the task of
moving the grain. It is also certain that the
need for actual money by Russia will force
very bushel of merchantable grain that can
moved and marketed into foreign markets as
fcst as their facilities can handle it We see
Mason to expect that, no matter what the ac
tual crop may be, and no matter what the sit
uation mav be in the latter end of the crop
year, the Russian movement of grain to foreign
markets will continue as heavy as before This
being true, and assnmfng that other countries
may furnish on the same scale, vihich is not an
unreasonable supposition, and that America can
within the next few months contribute at the
rate of 3,000,000 to 5,000,000 bushels per week
to the world's supply against practically noth
ing which it contributed last year, will foreign
markets stand up under the burden which may
be thrown upon them? The best authorities'
abroad think that their present price basis is a
fairly safe one and look for no material decline.
Assuming that this is so, how will American
prices be affected?
Ames-Brooks say of flax: It seems almost
certain that America has grown perhaps the
largest crop of flax she has ever raised \ields
In the northwest are universally exceeding the
estimates, and the crop is so far along that
very little damage can now be feared. It seems
certain that this article must reach an export
basis, and here the foreign price basis is more
In donbt. Some Duluth seed was sold for ex
port when Duluth October was $1 25 per bushel.
Since that time the foreigner has declined stead
ily with our declines and avoided making fur
ther purchases. With the market now 20 cents
lower the foreigner shows less inclination to
buy American seed than he did sixty days ago.
The Duluth Commercial Record says. The
Duluth lake freight market has been a trifle
stronger for the past two or three days, due to
some odd lots of grain offering and being en
tirely at the mercy of the Line boats The gen
eral situation, however, is unchanged and when
ever full cargoes are offered there will be boats
hungry for them. The so-called "Planet fleet"
of the Gilchrist line, consisting of the Mars,
Jupiter, Saturn, etc., and which aie ideal grain
carriers, have been temporarily laid up because
at 24%c. Receipts
cars shipments, 31 cars.
CORNNo. 3 yello8w closed at 51%c. He
ceipts, 12 cars shipments, 3 cars.
FEEcrDa AND COARSE MEALCoarse cornmeal
a ks sacks extra, $20Q
corn
clkec
a J?
20.25 No. 1 ground feed, 2-3 corn
3
v
1 l-?
,e8
i
ands1-3
oats.
80-lb sacks, sacks extra, $19@19.25 No 2
ground feed, corn7 anbd 14 oats, 80-lb sacks.
sacks extra2,"$19@19.25 No. 3 ground feed, l-i
A^ili-,^L
sacks
sa ck extra
oats
*$19w!19.25.
MILLSTUFFSLargeb qualities of bran and
shorts are being soldl abroad. The domestic mar
ket irs!"dull-, burta steady. Prices are reduced on
2
lk $12@12.25 shorts,
-$12@1 23 middlings, $15@15.150, led dog $19
^all in Minneapolis In 200-lb sacks, $1
per ton additional in 100-lb sacks, $1.30 per ton
additional. Shipments, 1,^32 tons.
RYENo. 2 closed at 55%@56%c. Receipts,
9 cars, shipments, 3 cars.
BARLEYFeed grades closed at 35@41c
.malting grades*. 41@47c. Receipts. 33 cars:
shipments. 20 cars.
HAYChoice timothy, $10@10.5O No. 2 tim
othy. $8.50@9 50 No 3 timothy, $7@8 choice
upland. $9@9.50 wheat and oat straw. $4.50
5. Receipts, 120 tons.
ft
CASH SALES REPORTED TdDAY.
g- No. 1 northern, 17 cars, new $ .95
No*. 1 northern. 1 car. new 07
No. 1 northern. 2 cars, new ,93
NO. 1 northern, part car, new 94
No. 1 northern, part car 1.00
Wheat Strong to Start, but Easier to Close
October
$ ,_,
Open. High.
Sept.. $ .84 $ .84%
Dec... .82% .82%
May... .85^4 .86%
Minneapolis Oats
Sept.. .23% .28%
RANGE OF WHEAT PRICES IN MINNEAPOLIS
Close. Today.
$ .83%
.81%
.84%
Low. $ .83%
.81%%
.84%
.23%
1.04
.97
104
.&- y,
.92 .93
.91
1.04
.95
.06 .95
88
.04
.87 .93 .85 .89
.75 .93 .75
.91
No. 1 northern, 1 car
No. 1 northern, part car, bleached
No. 1 northern, part car
No 1 northern, 5,000 bu to arrive.
No. 2 northern, 9 cars
No. 2 northern, 4 cars
No. 2 northern, 5 cars
No. 2 northern. 1 car.
No. 3 wheat, 1 car
No. 3 wheat, 1 car
No. S heat, part car
No. 3 wheat, 1 car, smut
No. 4 wheat 1 car
No. 4 wheat, 1 car, smut
No. 4 wheat, 1 car
No. 4 wheat, 4 cars, elevator
Relected wheat, 1 car, smut
Rejected wheat, 1 car, bin burnt..
Relected wheat. 1 car
Rejected wheat, 1 car
No giade wheat, 1 car
No grade wheat, part car
No. A corn, 1 car white
No. 3 corn, 1 car
No. 3 corn, 1 car
No. 3 white oats, 8 cars
No. 3 white oats, 4 cars
No. 3 white oats, 1 car old
No. 3 white oats, 2,000 bn to arrive 24-
No. 4 white oats, 1 car 24
No 4 white oats, 3 cars 24%
No. 4 white oats, 1 car o. w. 24%
No. 4 white oats, 5 cars 24%
No 4 white oats, 2 cars 24%
No. 3 oats, 8 cars 23
No 3 oats, 2 cars 23%
No. 3 oats, 3 cars 23
No grade oats, 1 car dark, heating 19%
No. 2 rye, 2 cars 57
No. 3 rye, 8 cars 53
No. 3 barley, 1 car 47
No. 4 barley, 3 cars 40
No. 4 barley, 1 car 30%
No. 4 barley, 1 car 42%
No. 4 barley, 2 cars 41
No. 4 barley, 1 car 39
No. 1 feed barley, 1 car 38%
No. 1 feed barley, 1 car 36%
No. 2 feed barlej, 1 car .30%
No. 2 feed barley, 3 cars 87
No grade barley, 1 car 36%
No grade barley, 1 car warm 35
No. 1 flaxseed, 2 cars 1.35
No. 1 flaxseed, 4 cars August shipment.. 1.30
No 1 flaxseed, 8 sacks 1.20
Durum wheat, 1 car No. 3 mi^ed .70
Durum wheat, 1 car No. 3 mKed 70
.52% .51% .51% .23 .24% .25iJ
PUTS AND CALLS.
1:15 o'clock leport-
PutsSepteber wheat, 82%c.
CallsSepteber wheat, 85c.
CurbSptember wheat, 83%c.
PutsDecember wheat, 80 %c.
CallsDecember wheat, 82c.
CurbDecember wheat, 81 %c.
WHEAT MOVEMENT BY ROADS,
ReceivedMilwaukee, 42 cars Omaha, 27 St,
Louis, 15 Great Northern, 15 Burlington, 11
Soo, 2.
ShippedMilwaukee, 19 cars Omaha, 9 St.
Louis, 6 Wisconsin Central, 3 Great North
ern, 29.
STATE GRAIN INSPECTION. AUG. 25.
Inspected InWheatCarsGreat Northern
No. 3, 6 rejected, 1 no grade, 7. Milwaukee
No. 1 northern, 24 No 2 northern, 31 No. 3, 3
No. 4, 2 rejected, 3 ,no grade,
8. Minneapolis & St. LouisNo. 1 north
ern, 1 No. 2 northern, 4 No. 3, 2 No. 4, 1
rejected, 1. Northern PacificNo. 1 northern,
1, No. 2 northern, 2 No. 3, 1 No. 4, 1 no
grade, 1. OmahaNo. 1 northern, 4 No. 2
northern, 8 No. 3, 1 No. 4, 3 rejected 2.
Chicago Great WesternNo. 2 northern, 1 re
jected, 1. TotalNo. 1 northern, 30 No 2
northern, 46 No. 8, 13 No 4, 7 rejected, 8
no grade, 11.
Other GrainsNo. 1 winter wheat, 9 No. 2
winter wheat, 01 No 8 winter wheat, 1 no
grade winter wheat, 22 mixed wheat, 5 No. 3
yellow corn, 2: No. 3 white corn, 1 No. 2
corn, 1 No. 3 corn, 3 No. 4 corn, 2 No. 2
white oats, 1 No. 8 white oats, 11 No. 4 white
oats, 21 No. 3 oats, 27 no grade oats, 4 No.
2 rye, 3 No. 3 rye. 5 No. 3 barley, 1 No. 4
barley, 19 No. 1 feed barley, 10 No. 2 feed
barley, 22 no grade feed barley, 2 No. 1
northwestern flax, 5 No. 1 flax, 10 rejected
flax. 4.
Cars Inspected OutNo. 1 northern wheat, 38
No. 2 northern wheat, 13 No. 3 wheat, 18 No.
4 wheat. 48 rejected wheat, 28 no grade
wheat, 8 No. 1 winter wheat, 5 No. 2 winter
wheat, 20 mixed wheat, 5 No. 3 white oats,
13 No. 4 white oats, 4 No. 3 oats, 6 No. 8
SEN US MAI SAMPLES OF BARLEY QUOTATIONS
CD C.L WYMANFOR & CO.NoKANSA26c41%eY82.73%@73%c.Aug.,No
Grain Commission. Minneapolis and Duluth.
1 ^Ifc&^iiEt^ifclStf^^i
Close,
yesterday
$ .83%@%
.81%
84%@%
.23%
THE DAY'S REPORTS
Sept. Wheat
Close. Close.
Today. Yesterday.
Minneapolis $ .83% $ .83%%
Chica go 79% .80%
Duluth 83 .83
St. Louis 78%@ .78,
Kansas City 73%@% .73%@74
New York 87%Q
Winnipeg 78% .78%
Year Ago.
$1.09%
1.09%
.23%%
Dec. Wheat
Close
Yesterday.
81%
Close.
Today.
$ .81%
81%@%
.77%
.80
.82@82% .77% .80
.74%% .87%
.88%
CLOSING CASH PRICES
On TrackNo. 1 hard, $1.06 No. 1 northern, $1 04 No. 2 northern, $1.02 No. 3
wheat, 95@97c No. 3 white oats, 24%c No. 2 rye, 65%@56%c new No. 1 northern to
arrive, 86%c new No. 2 northern to arrive, 84%c new No. 1 flax, $1.34% No. 3 yellow
corn, 51%c barley, 36c to 47c.
RANGE OF PRICES FOR THE WEEK
The Minneapolis Options.
white clipped oats, 1 No. 4 barley, 1 No. 1
feed barley, 5 No. 2 feed barley, 1 No. 2 rye,
2, No. 3 rye, 2 no grade rye, 1 No. 1 flax, 26.
DAILY WHEAT MOVEMENT. AUG. 25.
Following are the receipts and shipments at
the principal primary wheat markets
Receipts,
Bushels.
New York 4,000
Philadelphia 3,909
Baltimore 16.T02
Toledo 26,000
Detroit S.994
St Louis 79,000
Boston 10,000
Chicago 89,000
Milwaukee 19,360
Duluth 13,075
Minneapolis 132,860
Kansas City 371,000
Totals 1,072.747
Decrease 779,986
Corn 63,531
Oats 229.378
Barley 68 223
Rye 46.035
Flax 323,310
3358355
Shipments,
Bushels.
,073 1,000 2,024
68,000
125,000
34,777 66,030
103,000
GRAIN IN REGULAR LOCAL ELEVATORS.
Week ending Week ending
Wheat Aug 26.
No. 1 northern 695,283
All other grades 377,464
Aug. 10.
1.079,886
772,847
1.852 733
667.701
63,531
266,405
84.24S
37.888
474,305
RECEIPTS AND SHIPMENTS.
ReceivedWheat, 140 cars. 132,860 bu corn,
9,000 bu oats, 75,260 bu barley, 29,700 bu rye,
6,480 bu flax, 8,760 bu flour, 1,400 brls mill
stuflfs, 35 tons, hay, 120 tons carlots, 286.
ShippedWheat, 71 cars, 66,030 bu corn,
2,190 bu oats, 53,940 bu, barley, 19,600 bu
rye, 2,040 bu flax, 15,540 bu flour, 38,977 brh,
millstuffs, 1,632 tons, hay, 10 tons, hnseed 6*11,
80,000 lbs oil cake, 100,000 lbs, carlots, 410.
OTHER GRAIN MARKETS
DULUTH GRAIN, Aug. 26.Wheat firmed
up today and advanced in sympathy with Min
neapolis to 84?4c for September, which was %c
gain It -weakened to a close at 84V&C. The
market was rather quiet.
Flax was active and lower. The big interest
is endeavoring to Bteady the price, but steps out
from under whenever large offerings come, get
ting back as soon as it can without taking
much new stuff. Cash flax has about lost its
premium, and the day's decline was ahout 5c,
Futures did not fall much. Receipts all grains.
71 cars cars on track, 21. Shipments wheat,
34.777 bu oats. 1,845. Wheat in stock here
now is only about 75,000 bu. Next week should
Show a slight increase
Close: WheatCash, old No. 1 northern,
$1.08 to arrive, No. 1 northern, 85c to ar
rive No. 2 northern, 81%c September No. 1
northern, 83%c September, No. 2 northern,
79%c December, 77%c. FlaxTo arrive 10
days, $1 16 to arrive regular, $1.10 on track,
$1 30 September, $1 08 August, $1.21 Octo
ber, $1.06% November, $1.0T December.
$1.06. Oats, 26c. Rye, 57c.
NEW YORK GRAIN AND FLOUR, Aug. 20.
Flour, receipts, 10,998 brls, sales 800 brls Bteady
but dull, Minnesota patents, $4.90@5.50 win
ter stftiights, $4@4,25 Minnesota bakers, $3.b0
@4 winter extras, $2.85(53.35 winter patents,
$4 25@4.75 winter low grades, j&2.75@3.30.
Wheat, receipts. 4,000 bn sales, 1.200,000 bu
firm on "cables, light northwest receipts, limited
offerings, strength ln the northwest and cover
ing trade quiet September, 86Z@87 l-16c De-'
cember, 87%@88 3-16c May, 89%@90 l-16c.
Rye, steady No. 2 western, 64c c.i.f. New
York. Corn, receipts, 54.825 bu dull and no
transactions. Close* WheatSeptember, 87^e
December, 88*4c May, 90^4c. CornSeptember,
60%c December, 52%c.
MILWAUKEE GRAIN, Aug. 26.Flour,
steady wheat, lower September, 79%@T0%c
bid No. 1 northern, 96c@$1.05 No. 2 northern,
97c@$l puts. 79c asked calls, 80%c bid, Rye.
steady No. 1, 60*361c. Barley, steady No. 2,
51c osmple, 35@50c. Oats, steady standard,
27%@28%c. Corn, lower September, 64c bid
puts, 53^c bid calls, 54%c.
ST. LOUIS GRAIN, Aug. 26.CloseWheat
higher No. 2 red, cash, ele\ator, 79%@84Uc
track, 86@86%e September, 78%@78%c De
cember, 80c No. 2 hard, 82@86c. Corn steady
No. 2 cash, 58c track, 54%c September, 51%
December, Oats steady 2 cash
25%c track, 26@26%c September 25%c De
cember, No. white, 29c.
S CIT GRAIN, 26,Close
Wheat, September, December, 73%
@73%c May, 76%c cash, No 2 hard.
3. 77@81c No 2 red. 82c No. 8, 78a80c
Corn, September, December, 38%c May,
38%c cash, No. 2 mixed, 60%@50%e No. 2
M%-
S&S&.?1*0
N
1 No-48%c
TnE MINNEAPOLIS JOURNAL.
I The World's iVlarkets==Qrain, Securities!^-^r^fr^w".1905
white.
CHICAGO GRAIN
FIEM CABLES AND NORTHWESTERN
STRENGTH AFFECT CHICAGO'S OPENING.
Chicago, Aug. 26.Firm cables and an ap-
Srought
Close.
earance of strength in northwestern markets
out buying orders and gave the wheat
market here a firm undertone. At the opening
offerings by local commission houses depressed
prices, September /eing down cents at
80%@80%c. With the inauguration of the buy
in gmovement, however, a reaction occurred
which carried the September option to 80%c.
Minneapolis, Duluth and Chicaso reported re
ceipts of 240 cars, against 200 cars a year ago.
A sharp break in values occurred late in the
session. The demand ceased under the influ
ence of weakness in cash markets of the north
west. Shorts who had previously supported the
market dumped their holdings. September went
off l%c to 78%c. The close was weak at 79%c,
a net loss of %c.
Cash wheat, No. 2 red, 82%c No. 3 red, 80%
@82c No. 2 hard, 81%00c No. 3 red, 80%
8Sc No. 1 northern and No. 2 northern, noth
ing doing No. 3 spring, 90c.
Close wheat, September, 79%c December,
81%@81%c May, 84%c.
Liquidation in September delivery was the
feature of the corn market. Lower prices in
foreign markets and a moderate increase in re
ceipts influenced the bearish tone. September
was off at the start %%c at 54%e, and de
clined to 53%c. Buying was scattered. Local
receipts were 303 cars, of which 158 were con
tract grade.
Shipping and export demand steadied the mar
ket for oats at about former prices. Local com
mission houses favored the buying side. Sep
tember was a shade up at 26c. Local receipts
were 258 cars.
The following was the range of Drices:
Sept
*0%&%
Wheat-
Opening
Highest 81
Lowest 79%
Close
Today 70%
Yebterday 80%
Year ago 1 07%
Corn
Opening 54% @s.
Highest 64%
Lowest 53%
Close
Today 53%
Yesterday 54%
Year ago 52%
Oats
Opening 25%@2
Highest 20%
Lowest 25%fe26
Close
Today 20
Yesterday 25%@26
Year ago 62
Dec May.
82% 82% 8 1%
85
itH
81
82@%
1.07%
45% 45l
45%
85
1.09% @10
43%@44
43%@%
45% 40 50%
43%
43% 48-gS
26% 27 26%
28% 29 28%
26% 26/*
33%
28% 28%
35%
LIVERPOOL GRAIN, Aug 28WheatSpot
nominal futures closed steady, September, 6s
8%d, December, 8s 7%d. CornSpot, firm
American mixed, os %d, futures closed quiet
September, 10s %d, December, 4s 9%d Jan
uary, new,"4s 3%d.
CHICAGO SEED AND COARSE GRAIN, Aug.
26RyeCash, 60%c, September, 58c De
cember, 59c. FlaxCash, northwestern, $1.16
southwestern, $109. Timothy, September, 3.75.
CloverCash, $12. BarlejCash, 36@40c.
LONDON CLOSING STOCKS, Aug. 26. Con
sols for monty, 90 9 16, consols for account,
90 9 10 Anaconda, 6 Atchison, 91% Atchison
pfd, 107%, Baltimore & Ohio, 116% Canadian
Pacific, 104%, Chesapeake & Ohio, 58, Chi
cago Great Western, 22%, Chicago, Milwaukee
& St. Paul, 191% De Beers, 17% Denver &
Rio Grande, 36 Denver & Rio Grande pfd, 92
Brie, 52% Erie 1st pfd, 86% Erie 2d pfd,
79% Illinois Central, 182 Louisville & Nash
ville, 154% Missouri, Kansas & Texas, 34%
NeW York Central, 138 Norfolk & Western,
81%, Norfolk & Western pfd, 04% Ontario &
Western, 58% Pennsylvania, 75% Rand mines,
8% Reading, 62%, Reading 1st pfd, 49, Read
ing 2d pfd, 48, Southern Railway, 86*4 South
ern Railway pfd, 102 Southern Pacific, 68%
Union Pacific, 139% Union Pacific pfd, 100
United States Steel, 37% United States Steel
pfd, 107% Wabash, Z'{, Wabash pfd, 44%
Spanish fours, 92% bar silver, firm, 28%d per
ounce money, l%(ii2\i per cent. The rate of
discount in the oiien market for short bills is
1 13-16@1% per cent for three months bills,
1%1 15 16 ner cent.
BOSTON MINING STOCKS, Aug. 26.Closing
quotations were as follows: Adventure, 6%g
6%, Allouez, 33%j34%, Arcadian, 3% Arnold,
H*i("l}4, Vtlantic, 21%@21%, Bingham, 32%'$
J2%, Calumet & Hecla, 670
bidCoppei
27% Consolidated Mercer.
Consolidated, 70% Daly West, 14%@14%
Dominion Coal, 7SS79, Dominion Steel, 21@22,
Elm River, 2%@3, I ratnklin, 14K&14%
Granby, 7%(^7%, Guanajuato, 4% Greene Con
solidated, 26% 26% Isle, Roy ale, 22% 23
MESS, 0% Mayflower. 95 Michigan, 14%
15, Mohawk, 59^^,60%, Old Colony, 1%@1%
Old Dominion, 27j28 Osceola, 1020102% Par
rot, 27% asked, PhoenK, 14%. Quincv, 107(108
Rhode Island, 4%(&5, Swift & Co., 109%
Tamarack. 126@128, Tecumseh, 9%@9%, Trin
ity, 9%@10, I nited Coppei Co, 37%337!4
United States Mining, 31%, Utah, 46%@47
Victoria, 4%@4%, Winona. 12%, Wolverine,
1231&125, "Wyandot, 2Vi@2% Santa Fe, 2%@
2% Shannon Copper Co, 7Mi7g7%
MONEY REPORTS
WINNIPEG GRAIN, Aug 26October opened
78'/.-@78%c, closed %@%c, December closed
75%t. Cash close, No. 1 northern, $1.01 No. 2
northern, 98c No. 3 northern, 80c No. 4 extra,
68c, No. 4, 67c No 5, 59c. Feed, 67c. Receipts,
wheat, 7 cars last year, 7.
A FRENOH EXAMPLE
Marseilles Street Railway Concession
Most Favorable to the City.
Consular Reports.
The Btreet railways of Marseilles are
all owned by the Compagnie Generale
Francaise de Tramways. TWe service is
excellent there are lines in every di
rection. With the exception of one
circular line of special character, upon
which the fare is 3 cents, the fare is
eveywhere 2 cents. No transfers
are given. The concession for these
lines was originally granted by the
state to the city of Marseilles and bv
the city conveyed to the operating com
pany. It is to be noted that the muni
cipality does not exercise a free hand
in municipal matters, but must first ob
tain a concession for itself from the na
tional government. The concession in
this case was signed originally for fifty
years, at the end of which period, and
by the sole fact of this expiration,"
the city will obtain full ownership of
the tracks and system, including all
property occupying any portion of the
public domain.
"SLIMS, MEDIUMS, STOUTS"
Destination of Clothing Shipments Is
Shown by Sizes.
New York Sun.
This is the time when wholesale
clothiers are shipping fall and winter
stocks to. the provinces. An experienced
man can tell when a consignment of
ready-mades is going to certain sec
tions of the south or southwest simply
by running over the list of sizes. In the
lingo of the trade sizes are classified as
"sums," "mediums" and "stouts."
Almost invariably a southern retailer,
when buying goods, will order twice as
many slims^ as ^ither of the other
sizes. Especially is this true in the
mountains and in the swamp sections
where fat'men are almost unknown and
medium sized men uncommon. Nine
men out of ten down there are tall and
slender.
Ship and send orders to
H.POEHLEBCOMPANY
Established 1865.
Minneapolis. DOIO UL
CtBAJLN COMMISSION.
"Our private market letter sent upon
request,"
Sales.
500 100
1,000
1,200
17,300
1,900
400
15,100
1,800 2,200
100
-Bank clearings today,
ST. PAUL, Aug. 26,
$1,020,873 17.
NEW YORK, Aug. 26.Money on call
nominal no loans time loans steady sixty days
and ninety days, 3?i3M per cent, six months
4 Close Prime mercantile paper, 4
per cent sterling exchange steady, with actual
business in bankers' bills at $4 80 50@4 86.55 for
demand and at $4 84 60@4 S4.65 for sixty days'
bills posted lates, $4.85% and $4.87V com
mercial bills, $4 84, bar silver, 62 Mexlcon dol
lars, 47. Government bonds steady railroad
bonds irregular.
The statemnet of averages of the clearing
house banks of this city for tht week shows:
Loans $1,144,607,900, decrease $1,493,600 depos
its $t 181,084,500, decrease $7,466,800 circula
tion $52,310,700, increase $718,600, legal tenders
$84,799,000, decrease $490,700, specie $219,450,-
800, decrease $1,744,500 reserve $304,249,300, de
crease $2,244,200 reserve required $295,271,125.
decrease $1,866,700 surplus $8,978,175, decrease
$377,500 ex-United States deposits $11,094,875,
decrease $374 400.
PARIS, Aug. 26.Closing: Three per cent
rentes, 99f 75e for the account exchange on
London. 25f 17c for checks.
BERLIN, Aug. 26.Exchange on London, 20
marks 43% pfgs.
August 26,
RALLY MARKS THE
END OF THE WEEK
SELLING ORDERS SET MARKET
BACK AT OPENING.
But Strength Developed Later and Re
stored PricesWeek Marked by New
High Records for Several Stocks
Dealing Was Broad.
New York, Aug. 26.The week In the stock
market was notable for the establishment of
new high records in a number of important
stocks and for a sensational upward movement
in Reading. The steady rise of the last three
months continued with slight Interruption, but
was checked by the Reading movement, which
excited fears of a corner in that stock and pro
duced general declines. Trading during the
greater part of the week was large in volume
with a broadening tendency, but became feature
less and dull at the end. The improved tone
of the steel and iron, coal and copper stocks
reflected the uniformly excellent conditions re
ported in these varied industries. Crop ad
vices were of a favorable tenor and railroad
returns satisfactory. The peace negotiations at
Portsmouth were hardly a factor, tho some dis
appointment was expressed at the lack of pro
gress reported.
Selling orders predominated at the opening of
the stock market, but the declines were limited
to moderate fractions outside of Missouri Pa
cific and Reading, which lost 1 and 2 points re
spectively. The local traction stocks were firm.
Losses were expanded in the general market,
altho theie was immediate support for Read
ing, which rallied over a point. St. Paul,
Union Pacific, New York Central, Northern Pa
cific, Reading second preferred, Smelting and
Colorado Fuel gave way 1 to 1%, trading be
came dull ufter the first fifteen minutes and
the weak stocks made very little recovery.
Steady bujing of the United States Steel
stocks created a more cheerful sentiment, and
the general list was bought freely. Early
losses were generally made up, and Union
Pacific, Atchison, Pennsylvania and the United
States Steel stocks sold fractionally above last
night. The Metropolitan Street Railway, Ten
nessee Coal, the Republic Steel stocks, made
gains of a point and Wisconsin Central 2. The
closing was firm.
Stock Quotations reported tor The Journal by
Watson & Co., brokers. Chamber of Commerce,
Minneapolis. Closing figures are bid.
71%
800|Corn Prod.
I do pr
5,200 Chi Gr. West.
do pr A
do pr
CCC. & St.L.
Chi. Term
do pr
C. F. & I....
Col. Southern.
do 1st pr...
do 2d pr
Consol. Gas...
Del. & Hudson.
D., L. & W...
D. & G....
do pr
D., S. S. & A.
do pr
Erie
do 1st pr...
do 2d pr...
Gen. Electric,
Qr. North pr
Hocking Val.
Illinois Cent.,
low a Central.
do pr
Inter. Paper..
do pr
C. & South
do pr
Long Island..
Louis. & Nash
M., St, P. & S
do pr
100 Manhattan
15 3001Met. St lty
22
100 500
Centennial,
Rang
51 84% 77%
100 100
900 200
5,300
1,900
500
100
1,300
600 100
16,500
2,400 2,200 2,800
600
6,000
21% 79%
150% 149%
132%
S*%
166%
131%
84Vi
131%
84
Met. Securities
Minn. & St
do pr
Missouri Pac.
M.. K. & T.
do pr
Mexican Cent.
Nat. Biscuit,
do pr
Nat. Let.d...
do pr
Norfolk & W
do pr
North Am. Co
Nor. Pacific
Northwestern
do pr
N. Y. Central
Ontario & W
Pressed Steel
do pr
Pacific Mall
Penn R.
People's Gas
Reading
do 1st pr.
do 2d pr..
Repub. Steel
do pr
Rubber Goods,
do pr
Rock Island
do p.*
St. Paul
do pr
Southern Pac.
Southern Ry..
do pr
Tenn Coal & I
Texas & Pac
Twin Cltv
Union Pacific.
do pr
U. S. Leather.
U. S. Rubber.
do pr
U. S. Steel...
do pr
Wabash
do pr
Va. Chemical.
do pr
Western Union
Wheel & E
do 1st pr
do 2d pr
Wis. Cent
do pr
7,900 1,900
1,400
200
100
108% 107
84%l 34
72% 72%
23%
600
107%
84% 72%
2S%
55%
'44"
80% 83% '85%
211% 223
210 222
154%
50%
46
1,200
21,300
163%
122" 120%
sa
21% 87%
34%
2,900 2,500
200
6,000
600 900
85,300
118 137
1,100
200
81,000
8,900
200 200
116% 136
51% 51%
37% 86%
105%
1,200
600
104%
82% 32%
93%
31% 60
29% 59%
Total sales, 302,300.
NEW YORK MINING STOCKS, Aug. 26.
Adams Con 25 Alice, 55 Breece, 44 Bruns
wick Con.. 16, Comstock Tunnel, 7 Con., Cal. 8c
Va., 105 Horn Silver, 175 Iron Silver, 300
Leadvllle Con., 6 Little Chief, 5 Ontario, 200
Ophir, 550 Phoenix, 2 Potoel, 5- Savajte. 45
Sierra Nevada, 27 Small Hopes, 30 Standard.
140.
ACTIVE BONDS AND CTTBB STOCKS.
Quotations to the close. Aug. 26:
American Tobacco 48, 76.
O., B. & Q. Joint 4s, 101%.
Northern Pacific general 8s, 77.
United States Steel 5s, 97%, 97%, 97%, 97%.
Peoria & Eastern, Incomes, 75.
Japanese first 6s. 100, 100%.
Javanese 2s,99%.
Japanese 4%s, 89%. 90. 89%, 90. 89%.
Japanese second 4%s, 89%. 89%.
Northern Securities, 187.
Oregon Short Line 4s. 86%.
Greene Copper. 26%.
Baltimore & Ohio 4s. 105%, 105S&
Brie convertibles, 111%.
Established
14 Tears
We Execute Orders
for Future Delivery.
WB ehro Personal Attention
i'%:rto All Oamh Salem.
LOCAL SECURITIES
MINNEAPOLIS.
German-American bank 160
First National bank 198
Germauia bank 100 105
Hennepin County Savings
bank
Minneapolis Trust company. 150
Minnesota Loan & Trust
company J25
National Bank of Commerce 106 100
Northwestern National bank 225
St. Anthony Fall* bank 150 100
Security Bank of Minnesota 205 210
Swedish-American National
pany, preferred 107
Minneapolis Brewing com
pany, bonds
Minneapolis Syndicate
Minneapolis Threshing Ma
chine company 175
Minneapolis Steel & Machin
ery company, preferred
Minneapolis Steel & Machln
eiy companj, common
North American Telegraph
company go
Twin City Telephone com
pany, first mortgage 5s.
1913-16 7.7. 95
Twin City Telephone com
pany, common
Twin City Telephone com
pany,, preferred
Minneapolis Chamber of
Commerce memberships...4900
St H*nrsPaul
I I Close
High-| Low- I Bid I Bid.
I est. I est. |Aug26|Aug.25
37%) 87% 37% I 37V, Am. Car
do pr
Am. Locomot.
do pr
Am. Woolen
do pr
Am. Linseed
do pr
Am. Sugar
do pr
Am. Smelting
do pr
Amal. Cop.
Ana. Copper..
A., T. & S. F.
do pr
B. & Ohio
do pr
B. R. Tr.
Canadian Pac.
Ches. & Ohio.
Chi. & A
do pr
Union Depot Co
ioiv+
53 52% 52% 52%
114 I 11
37% 37%
145
2,600
20,000
400
5,500
400
3,100
144%
common 90
Paul Gas Light Co.',
144%
129% 129
87%
117
90%
116%
89y4
$50) e,
113% 113%
70%
160%
56%
160
56%
21%
34% 84
900 46% 45%
63%
44$
100 200 800
2*
36 85%
a77
New Orleans*
Minneapolis* Cleveland* Louisville* Detroit Milwaukee*
Omaha Providence* Los Angeles*
Buffalo* Indianapolis St Paul*
Memphis St. Joseph*
Richmond Denver
Columbus Seattle Washington Portland, Ore*
Spokane. Wash.*
Des Moines
Bioux City
Davenport Helena Fargo, N
Sioux Falls, S.
r,-,
San Francisco* s1.172.sl!
Cine nnatl 19,113,350
Baltimore* 21lfl(tn
Kansas City* ..i, 21,2221813
13.157,530
12,182.513 13.898 192
10,242 800
11,048,387
6,049.787
8.016.67S 5,924,800
0.135,f* 4 199,181
6.052 373
4,850 471
3.119,210 3 715.423
4,079,196 5,471,G47
3.714,100 5.731.843 8,752,097 3.514.998 2,802.146 47 8
1,986,168 18.9
1,470,152 42.0
579,369 711.698
899,803 229,347
Total, U. S..
154
56%
45%
451,2
146% 145%
Grain Commission
It2 Chamber of Commerce, Minneapolis
MARFIELD-
GRIFFITHS GO.
GRAIN COMMISSION
MINNEAPOLIS
DULUTH
MINNEAPOLIS, MINN.
mm
Last
Sale. Bid. Asked.
200 105 160
143 125
225 1M) 205
bank ieo
South Side State bank 200
Minneapolis Gas Light com
pany 6s, 1910-30 106 108 108
Minneapolis Gas Light com
pany General Mortgage 5s,
1914-30 !02 102 102
Minneapolis General Electric
company 5s, 1934 108 104 104
Minneapolis Brewing com
pany, common 150 160
Minneapolis Brewing 'com-
160 150
110 107
110 100
102
200 101 100
108 108
119
100
6s 1930... i2" 5
St. Paul Union Depot Co.'
consolidated 5s, 1944 109
St. Paul Union Depot Co.,
consolidated 4s, 1944 ...*100
Interstate Investment Trust
Company 132%
American Light & Traction
Co., preferred 104
American Light & Traction
Co-.,
St.
first 6s, 1915
St. Paul Gas Light Co"
first cons. 6s, 1918 112
St. Paul Gas Light Co.,
general 6s, 1944 100
St. Croix Power Co., first
5s, 1929 .95
Pioneer PreBs Co, common
(par $50)
Pioneer Press Co. preferred
(parPublishing
130 115 100
106
137% 129%
106 10%
100 99
*116
114
102% 101
100 *94
60 87%
3 5
Co., com 300
West Publishing Co pfd.. 107
Tibbs. Hutchins & Co.
common
Tibbs, Hutchins & Co"
preferred
100
1(v
Superior Water, Light &
Power Co 1 0
Superior Water, Light &
Power Co first 4s, 1931. 60
St. Paul Union Stock Yards
first 5s, 1916
St. Paul Fire & Marine'ins!
Company 206
60
212
BANK CLEARINGS
y-T1*
pliedV
0
Allowing table, com-
24, with the percentage of increase end decreaie
^compared with the ^responding week "St
CMLJ*** 11.570.106.178 51.4 14.0
8.7
36.0
7.6
245 32.0
Philadelphia* l^sKo
W* .K 48.924.318
Pittsburg 4,
Ghas. E. Lewis ft Go.
Grain and Stock Brokers
Chamber of Commerce, Minneapolis.
Invite personal interviews and correspondencerel
ative to purchase and sale of grain, stocks, bond*.
Members All Exchanges. Private Wires*
Commission Orders Executed in
AH Markets of the World.
BRANCH OFFICES:St Cloud. Fergus
Falls. Comstock. Duluth, Minnesota.
Fargo, Casselton, Hunter, Hillsboro,
Grand Forks, North Dak., and "Winnipeg.
MINNEAPOLIS. OMAHA.
Edwards
ood
Co.
MAIN omei
SO
Fifth tnd Robert St**
ilT
120
5000 4900
ST. PAUL.
Bid. Asked.
101
130
265
151%
American National Bank
Capital Bank 125
First National Bank 260
Merchants' National Bank.. 150
National German-American
Bank J40
St. Paul National Bank!'.!! 108
Scandinavian-American Bank 140
Second National Bank 140 JIO
State Bank IQO
Northwestern Trust Co
Minnesota Transfer Railway
Co. first 4s, 1916 95
Minnesota Transfer Railway
Co. fisrt 4s, 1916 #95 100
Security Trust Co 100
Last
Sale.
103
125 260
150%
151
110
146 108
130
14 5
ST. PAUL. MINN. (INCOHPORATBD)
DEALERS I N
Stocks. Grain. Provisions
Ship Your Grain To Us
BBST F*.CIUTIS. PROMPT RBTOTUM,
LiantAT* ADVAICBS.
DULUTH. WINN1PEO.
812 Guaranty Loan Bldg., JOnneapoiia, Minn.
WATSON & CO.,
BROKERS IN
GRAIN, PROVISIONS,
STOCKS AND BONDS.
Members N. Y. Stock Exchange
New York Office24 Broad Street
Chicago CorrespondentsJ. H. Wrenn & Co.
Private wire, Chicago and N ew York.
TelephonesN. W. Main 4492.
N. W. Main 4493.
T. C. 184.
420-421 Chamber of Commerce.,
Branch Offlce^131 Guaranty Loan Bldg.
Established 1878.
The Security
Bank of Minnesota
GUARANTY BUILDING.
Issues Interest Bearing
Certificates of Deposit.
PIPER-
JOHNSON
00
Chamber of Commerce.
14.2
6.3
7.7
18.5
229
1.5
17 4
5 6
18 6
9 8
69.7
U.9
6.4
*8.8
26.8 13 2
13 8
33 8
4 2
45 9
12 0
11 6
402
11.1
1.7
.$2,396,543,215 30.8
Outside New York 826,437,042
CANADA
Montreal $22,366,393
Toronto 18,415,114
Winnipeg 7,768,851
Ottawa 2,265,543
Halifax 1,420.316
Vancouver, B. O.,
Quebec Hamilton St. John, N. B.
London, Ont.
Victoria. B.
24.9
342 63.6
4.9
14.2
1,831,961 1.607,447
1,154,008
928,720 975,492 626,170
ii.'f 11.8
9.9
Total, Canada $60,669,224
Balances paid ln cash.
80
182%
67% 35%
66% 35%
91% 36%
1.0
2S.5 10.6
HALLET & CO
E. S. Woodworth & Co.
CHAMBER OF COMMERCE
GRAIN COMMISSION
MERGHANTS
Receivers and Shippers of Wheat, Coarse Grain
and Flax Seed. Orders for future deliveries exe
cuted in all markets.
Members of AH Exchanges.
Whallon,Case&Co.
STOCKS, GRAIN, PROVISIONS
MEMBERS
6.2
I
George F. Piper
Walter D. Douglas,
Ellsworth C. Warner. A -f% -9%
Denman F. Johnson. g ^m ^Jm
Brokers in
Stocks and Bonds
Grain and Provisions
409, 410, 411 Phones: N.W. M.
3421-3422. T. 322.
New York Stock Exchange,
Chicago Board of Trade,
Mpls. Chamber of Commerce.
Private Wire to New York and Chicago.
68 CHAMBER OF COMMERCE,
NEW YORK LIFE ARCADE.
Win Wm.DalrympleGo.99^.h^AeTradfodDuluthBoar150,Dalrymple. GRAINCOMMISSION
Receiving a specialty. Advances made to
Farmers, Shippers and Elevator Com
panies.
McHUGH,
GHRISTENSEN
&C0.
GRAIN
COMMISSION
THE=
CHICAGO
MILWAUKEE
Ship Barley
P. B. MANN CO.
GRAIN COMMISSION
Established 1887.
Minneapolis Duluth Chicago
Milwaukee.
Orders for future delivery executed In all market*
ands Wheat to
The Van Dusen-Harrington Co.
Minneapolis and Duluth.
WOODWARD & CO.
814-815 Chamber of Gommeroo. v^^g
fi^ *y
WMbL*
GRAIN COMMISSION ^S?"*0.1879
MINNEAPOLIS
DULUTH BRANCHESChicago and Milwaukee. Orders for future delivery executed in all markets.
FREEMIRE REMUND & CO
GRAIN COMMISSION
Write Us for Daily
Market Letter.
Branch Offices
82t Board of Trade, Oehttb.
