The Minneapolis journal. [volume], June 03, 1905, Page 18, Image 19

About The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939

Image provided by: Minnesota Historical Society; Saint Paul, MN

                
2#/f?
But a General Bslief that Some
thing Is Doing in the July
Option.
A Repetition of the Sensational
May Events Thought to Be
Very Probable.
Wheat Still Coming Into Minne
apolis in QuantityNews of
the Trade.
Minneapolis Chamber of Commerce, June 3
The week came to an end without the develop
ment of any new influence of importance. In
terest has gone into September wheat very
laigely. The feeling is that there wll? be
something doing in July wheat not unlike the
sensational events in May. Meanwhile theie
is evidence that the cash market has made a
turn towaids stability. A good many in the
country who had No. 1 northern wheat that was
destined for use in milling sent it in here and
sold it out when May was selling around
1 20. The idea was that they could afford to
let it go on the chance of a smash at the
eud. and some demoralization to follow the
close of the May option, and buy it back again
cheaper. Best prices have not declined ma
terially, and while No. 1 at about 5c over July
is now lower than formerly, there has been no
such break as expected, nor does it look as
if cash wheat is to go down very much. The
consequence is that some who weie fiee selleis
a while ago and weie predicting big decline
are now feeling around in the cash market with,
a view to bujing back This is a help to gen
eral price maintenance.
The weather map showed ram at Winnipeg
and all down the valley last night and this
morning, but the fall was light and gentle and
rathei more beneficial than otherwise The
movement turned heavy again, and 236 cars
came In here against 111. Duluth got 2 against
2b and Chicago 1 against 12 Kansas City had
3') 000 bu against IS 000 bu and St. Louis 17,000
against 23 000 The Minneapolis report showed
that instead of decreasing, stocks here incieased
bj 47 324 bu for the week, making 7 205,791 bu
now in store here.
The lplut Commeroial Record savs
"The Record has previously disclaimed any de
sire to be sensational in talking about Minnesota
wheat, especially Duluth wheat, but there is
no ue in trving to suppress the real situation.
Stocks of wheat here on Monday last were
loss than 2,000 000 bu compared with 4,000 000
bu at same date in 1904 Trom the opening of
navigation this year to Monday last Duluth has
shipped neailv 8 000,000 bu, compared with
2 000,000 to same date in 1004 with this differ
ence In 1904 navigation did not open until late
in Miv and all of the 2 000,000 bu was afloat
for low or lakes while this yeir the 3 000,000 bu
was mostly distributed a month ago, and "astern
millets aie alreadj coming for more, a sale
of 2(H) 000 bu of what having been made this
morning to the east at the highest price on the
crop. With only 2 000,000 bu In store it is very
certain that a large amount of wheat will be re
quired from the country. During June, July
and August of 1004 the Duluth receipts were
8,000,000 bu. They will be less than half that
this year, possibly less than one-third"
The Commercial eWst says- "There is general
interest, of course, in the July option in Minne
apolis and in Chicago These months have been
oversold and the contract wheat is well central
ized in its ownership The northwest will, furnish
considerable contract wheat yet, but the opinion
is that it will not disturb the firm condition of
the market. The suggestion has been made that
(some wheat may be brought in from Canada,
[but the chance for this is not open as yet. The
I fact is good milling wheat is scarce for the
general trade, and without further crop damage
i July has a chance to follow In the footsteps of
the May cptlon, cash No. 1 already selling
Be or more abo-ve July in Minneapolis. Should
anything develop unfavorable to the northwest
crop last year's oecrrd of price will be restored
promptly. The season opens, therefore, unaus
piciously for the bear he must feel his way care
full j. There wil be good, declines from time to
time of course, due to congestion thta will devel
op on the buying side, but there is nothing In
sight now to warrant the expectation that Sep
tember wheat will seek a much lower level than
It now occupies, and the advance mav be con
siderable from this point. Last year September
wheat sold in Minneapolis at $1.27, which would
leave $1 at quite within the probability on this
year condition."
Primary receipts, 319,000 bu against 202,000.
Clearances, 117,000 bu.
C. A. King & Co., Toledo, Ohio, wired: "Ohio
report says wheat has steadily improved since
opening of spring, and large average yield per
acre is almost certain Hessian fly woiked in
few counties and a little damage on low lands.
91, clover 94 against 81 last year. Com
situation bad, much yet unplanted. Grub worm
doing damage."
The Wichita southwest's crop bulletin makes
the Texas condition 73 Oklahoma 75, Kansas
81. Missouri 82, Nebraska 84. This paper here
tofore contended for very high conditions.
The forecast: Illinois, Indiana, Missouri,
Michigan, Wisconsin, Minnesota, Iowa, the Da
kotas, Kansas and NebraskaShowers, gener
ally warmer
Australian wheat shipments this week, 528,000
bu, last week, 552,000, last year, 648,000.
The Ohio crop report shows wheat 93 against
81 last month
Julv closed at $111% and September at 85%
THE FLOUR MARKET
SHIPMENTS" LAR&ii^PRICES REMAIN
FIRM AMD STEADY.
Posted shipments were larger than for some
time indicating better demand and also in some
part due to more liberal shipping Instructions for
old stuff The price tendency is firm.
Shipments, 47,254 barrels.
First patents aie quotable at $6 606.70 sec
ond patents, $6 40@6 50. first clears, $4@4.10
second clears, ?2 752 85.
THE CASH TRADE
AY LOWEROTHER PRICES CHANGED
ONLY SLIGHTLY.
FLAXReceipts, 5 cars against 10 cars last
year shipments, none Duluth 3 cars. Minne
apolis, cash, to arrive, and June, $1.46%.
OATSNo. 3 white closed at 30%c. Receipts,
59 cars shipments, 6 cars.
CORNClosing prices for No. 3 yellow, 48%c.
Receipts, 8 cars shipments, 2 cars.
FEED AND COARSE MEAIiCoarse commeal
and cracked corn, In sacks, sacks extra, $18@
18 25 No. 1 ground feed, 2-3 corn and 1-3 oats,
80-lb sacks, sacks extra, $18.50@18.75 No. 2
ground feed, corn and oats, 80-lb sacks,
Backs extra, $19@19.25 No. 3 ground feed, 1-3
corn and 2-3 oats, 75-lb sacks, sacks extra,
$19 60@19.75.
MILLSTUFFSBran In bulk, $12.50 shorts,
$12 50 middlings, $15.50 red dog, $18 50 aU
in Minneapolis, in 200-lb sacks, $1 per ton
additional. Shipmemnts, 484 tons.
RYEClosing prices on No. 2, 75%@77%c.
Receipts, 6 cars shipments, 1 car.
BARLEYFeed grades closed at 89@41c
malting grades, 42@45c. Receipts, 15 cars ship
memnts, 5 cars.
HAYChoice timothy, $9@9.50 No. 1 timo
thy, $8.50g9 No. 2 timothy, $7@7.50 No. 3
timothy, $5 50@650 choice upland, $6 wheat
and oat straw, $4@4.50. Receipts, 70 tons.
CASH SALES REPORTED JUNE 3.
No. 1 hard wheat, 1 car $1.18
No. 1 northern wheat, 16 cars 1.15%
No. 1 northern wheat, 10 cars 1.15
No. 1 northern wheat, 1 car, musty 1.12%
No. 1 northern wheat, 2 cars 1.16
No. 2 northern wheat, 2 cars 1.10%
No. 2 northern wheat, 5 cars 1.11
No. 2 northern wheat, 8 cars 1.10%
No. 2 northern wheat, 1 car, wet 1.09%
No. 2 northern wheat, 1 car, choice 1.11%
No. 2 northern, wheat, 4 cars 1.10
No. 2 northern wheat, 1 car 1.09
No. 2 northern \wheat, 1 car 1.09%
No. 2 northern wheat, 2 ears 111%
No. 2 northern wheat, 1 car 1.09%
No. 2 northern wheat, 1 car. ,4. 1.10%
No. 2 northern wheat, 2 carB, elevator... 1.09
No. 2 northern wheat, 1,000 bu to arrive. 1.09%
No. 3 wheat, 8 cars 106
No. 8 wheat, 9 cars 1.04
No. 3 wheat, 18 cars 1.03
No. 8 wheat, part car 1.04
No. 8 wheat, 1 car 1.05
No. 3 wheat, 1 car, thin 1.00
No. 8 wheat, 1 car, choice 1.06
and Hesitant Tone in Wheat Market
Open.
$1.10%
86%
Jul y.
Sept.
High.
$1.12%
.86@&
Minneapolis Oats
July. .30 .30%
Minneapolis $1.11% $1.11%
Chicago .88%@% .89
Duluth 1.15 1.14
St. Louis -80@ .81%%
Kansas City .77%@% .78%%
New York .93 .93
Winnipeg 95 .95
'Iflrmj rL/f/,
No. 4 wheat, 8 cars......
No. 4 wheat, 9 cais 93
No. 4 wheat, 3 cars 92
No. 4 wheat, 11 cars 94
No. 4 wheat, 2 cars 96
No. 4 wheat, 6 cars, poor 92
No. 4 wheat, 1 car 1 04
Rejected wheat, 2 cars 62
Rejected wheat, 2 cars 70
Rejected wheat, part car 83
Rejected wheat, 1 car 83
Rejected wheat, part car 65
Rejected wheat, 1 car 80
Rejected wheat, 1 car. .01
Your future trade orders will have careful attention.
Rejected wheat, 1 car 71
Rejected wheat, 1 car 71
Rejected wheat, 1 car 75
Rejected wheat, 2 cars 77
No grade wheat, 1 car 103
No. 3 corn, 1 car 47%
No. 2 white oats, 1 car 30%
No. 8 white oats, 2 cars 80%
No. 3 white oats, 1 car 80%
No. 8 white oats, 1 car to arrive 30%
6 500 bushels to airive 30%
No 4 white oats, 2 cars 30%
No. 4 white oats, 2 cars 30%
No. 4 white oats, 2 cars 80
No. 3 oats, 1 car .29%
No. 2 rye, 1 car 77%
No. 4 bailey, 4 cars 43
No. 4 brrley, 4 cars 44
No. 1 feed barley, 1 car 43%
No. 1 feed barley, 1 car 43
No. 2 feed barley. 1 car 43
No. 2 feed barley, 1 car 40%
No. 2 feed barley, pait cars 41
No. 1 flaxseed, part cars 1.47
600 bushels to arrive 1.47
Sacked flaxseed, 37 sacks 1.40
PUTS AND CALLS.
1:15 p.m. report:
Puts^July wheat, $1 09%.
CallsJuly wheat, $1.14%.
CurbJuly wheat, no trading.
PutsSeptember wheat, 84%c.
CallsSeptember wheat, 86%c.
CurbSeptember wheat, 85%c.
GRAIN I N REGULAR LOCAL ELEVATORS.
Weeks Ending
Wheat
No. 1 hard.
No. 1 northern..
All other grades.
C. C. WYMAN & CO.
June 3
1,413
4,690,654 2,513,724
Totals 7,205.791
Increase 47,324
Decrease
Other Grains
Corn 13,512
Oats 1,034,253
Barley 183,743
Rye 26,099
Flax 927,755
18 -.oT Saturday Evening, .^i^^i^RfflKSTHE MINNEAPOLIS JOURNAL.
The World's M&ket'
RANGE OF WHEAT PRICE IN MINNEAPOLIS
Close.
Low.
11.10%
.85% .30 .30
CLOSING CASH PRICES
\A)JIA/.
May 27.
727
4,450,8*54 2,706,858
7,158,467
275,849
9,915
910,211 185,810
21,757
946,532
LONDON CLOSING STOCKS, June 3Consols
for money, 90 5-16 consols for account, 90%,
Anaconda, 5% Atchison, 81 Atchison preferred,
104% Baltimore & Ohio, 110% Canadian Pa
cific, 150% Chesapeake & Ohio. 49 Chicago
Great Western, 19% Chicago, Milwaukee & St.
Paul, 176: De Beers, 17% Denver & Rio
Grande, 28 Denver & Rio Grande preferred,
88% Erie, 40% Erie first preferred, 80%
Erie second preferred, 67 Illinois Central, 163
Louisville & Nashville, 147 Missouri, Kansas
& Texas, 26% New York Central, 142% Nor
folk & Western, 80% Norfolk & Western pre
ferred, 94% Ontario & Western, 51% Penn
sylvania, 69 Rand Mines, 9% Reading, 48%
Reading first preferred, 46% Reading second
preferred. 44 Southern Railway, 29% South
ern Railway preferred, 98 Southern Pacific,
62% Union Pacific, 121 Union Pacific pre
ferred, 99: United States Steel, 26% United
States Steel preferred, 94 Wabash, 19 Wabash
preferred, 39%.
Bar Bilver, steady, 26 7-163 per ounce.
Money, 1@1% per cent.
The rate of discount In the open market for
short bills is 2 1-16 per cent. The rate of dis
count in the open market for three months'
bills Is 21-16 per cent.
St. Louis wired Edwards-Wood: Two of our
big wheat traders made tours Into St. Louis
county In automobiles yesterday afternoon In
different directions, and both are competent
judges and report a marvelous improvement in
wheat In territory covered by them.
Grain Commission. 47 Chamber of Commerce
s?-*
Close
Today.
$1.11%
85%@%
.30%
THE DAY'S REPORTS
-July Wheat- -Sept. Wheat.
Close. Close.,
Today. Yesterday.
O TrackNo. 1 hard, $1.16% No. 1 northern. $1.15%@1.16% No. 1 northern to
arrive, $1.13% No. 2 northern, $1.09%@1.11% No. 2 northern to arriv e, $1.09% No. 3
wheat, $1.00%@1.03% No. 3 white oats, 30%c, No. 2 rye, 75%@77%cNo 1 flax,
$1.46% No. 3 yellow corn, 48%cbarley 39c to 45c.
RANGE OF PRICES FOR THE WEEK
The Minneapolis Options.
Close.
Today.
$ .85%%
.82%% .86 .80% .73%% .86V
cJi(ji/ry^ JWv, S *fjhr^
STATE GAIN' INSPECTION JUNE 2.
Inspected InWteatGreat NorthernCars^
No. 1 northern, 4, No. 2 northern, 17 No. 3, 12
..o 4, 26, rejected, 9 no giade, 1.
Chicago, Milwaukee & St PaulNo. 1 north
ern, 2, No. 2 northern, 5 No. 3, 9 No. 4,
10 rejected, 6
Milwaukee & St, LouisNo. 1 northern, 8
No. 2 northern, 2 No. 3, 4 No. 4, 2 no
grade, 1
Soo LineNo. 1 ncilliern, 1 No. 2 northern, 1
No 3, 3, No 4, 6, rejected 3
Northern PacificNo. 1 bard, 2 No. 1 north
ern, 2, No. 2 noittern, 2 No. 3, 12 No. 4, 9
rejected, 3
Chicago, St. Paul Milwaukee & OmahaNo.
1 northern, 6 No 8, 1 No 4, 2 rejected, 1.
TotalNo. 1 hard, 2, No. 1 northern,23, No. 2
northern, 27 No. 3. 41 No. 4, 65, rejected, 22,
no grade, 2.
Other Grains Inspected InCarsNo. 2 whiter,
wheat, 1, No. 3 winter wheat, 6 rejected win
ter wheat, 19 mixed wheat. 7 No 3 yellow
corn, 4, No. 3 corn No. 4 com, 2 ino grade
corn, 1) No. 2 white oats, 2, No. 3 white oats,
40, No. 4 white oats. 20, No 3 oats, 6, No 2
rje, 5, No 4 barley, 5 No. 1 northwestern
flax, 3 No. 1 flax, 3.
Inspected OutOaisNo. 1 northern wheat,
49 No. 2 northern wheat, 9, No 3 wheat, 84
No. 4 wheat, 21 rejected wheat, 10, mixed
wheat, 2, no grade corn, 1, No. 3 white oats, 6
No. 4 white oats 2, No 3 oats, 8 No. 2 rye, 1
No. 1 flax, 2 rejected flax, 2
RECEIPTS AND SHIPMENTS.
ReceivedWheat, 256 cars 243,200 bu: corn,
6,400 bu oats. 88,500 bu barley, 11,700 bu
rye 4,020 bu, flax, 2,650 bu flour, 1,220 brls,
millstuffs, 60 tons: hay, 70 tons, car lots, 866.
ShippedWheat. 84 cars, 34,000 bu corn,
1,720 bu, oats, 9,540 bu barley. 5,250 bn rye,
890 bu flour, 47,254 brls millstuffs, 1,484 tons
linseed oil, 150,000 gals oil cake, 310,000 lbs
car lots, 868.
WHEAT MOVEMENTS ROADS.
ReceivedMilwaukee, 47 cars Omaha, 2i
cars St. Louis, 82 cars: Great Northern, 79
cars. Burlington 5 cars Soo, 36 cars.
ShippedMilwaukee 17 cars, Omaha, 1 car
St. Eouis, 8 cars, Wisconsin Central, 5 cars
Great Northern. 2 cars.
GRAIN TRADE GOSSIP
LondonArgentine advices are generally of a
satisfactory tenor.
Inglls says: St. Louis to Palmyra, Mo.. 150
miles, Mississippi bottoms, 10 to 20 bu at
Palmyra uplands, 5 to 10 bu. Wheat in bloom,
weather good.
Duluth vesselmen say that the entire stock of
oats there will be moved out within two weeks.
Springfield, 111 wired Piper. All agree that
wheat is in very good condition thru this sec
tion. Will cut wheat In this county June 20.
Chicago to Marfield- It is noc good policy to
sell this wheat on breaks We will have re
ports that will cut the winter wheat crop down
to 400,000,000 bu and with the present situation
of cash stuff the bull has the advantage.
Kansas City wired Whallon Think Kansas
getting too much rain for wheat Whole south
west was deluged again yesteiday.
President Ripley of the Atchison road makes
an estimate of S5.000.000 bu wheat for Kansas,
against a five-year average of 75,000,000 and last
year's? yield of 65,000,000.
Bradstreet's clearances for week: Wheat and
flour, 1,309,000 bu, corn 457,000 bu.
Milwaukee milleis wire E. Lewis
Aft**
Close.
Yesterday.
$1.11%
86y4
Year Ag
$ -95%
.82%
Close
Yesterday.
$ .86%
.82%'
-.86%
.81%
.74% .87
THE RAILROAD EARNINGS
NORTHWESTERN ROADS MAKE
GOOD GAINS FOR THE FISCAL
YEAR TO DATE.
Commercial West.
Notwithstanding the 1804 decline in the crop
yield and tonnage, and notwithstanding the
inevitable trade and traffic conservatism of a
presidential political year, lailroad earnings in
the northwest*on both sides of the Canadian
boundary show marked growth, for the fiscal
year to date.
Northern Pacific gross earnings for ten months
of the fiscal year, July 1 to ApiU 30, are
$42,794,725 compared with $39,698,169 for the
same period a year ago.
Great Northern gross earnings for ten months
are $36,574,275 as against $34,797,211 a year
ago.
Soo gross earnings are $7,652,720 down to the
third week in May as compared with $6,172,0t
a year ago.
On the Canadian side, the Canadian Pacific
down^to the third week in May shows $44,555,-
579 against $40,691,641 a year ago, and the.
Canadian Northern $3,362,400 dgainst $2,732,400.
Meantime favorable agricultural weather and
a largely increased acreage due to high prices
insure a vastly increased tonnage for the coming
fiscal year, and all lines of trade and industry
promise increased volume of traffic in harmony.
CHICAGO GRAIN
WEATHER HAS BEARISH EFFECT ON THE
WHEAT MARKET.
Chicago, June 3.Excellent weather condi
tions thiuout the United States had a bearish
influence on the wheat market here today. A
bearish factor was a decline at Liverpool, not
withstanding the upturn here yesterday. Pit
traderJuiy generallyd werce to th,e
6 lrA*,
opene toinclined lowei aselling 86
@86%c to 88%c, and solcf off to 88%c. Min
neapolis, Duluth and Chicago reported receipts
of 259 cars, against 349 cars last week and 149
cms a year ago.
Liberal sales by a leading trader caused addi
tional weakness later in the session, July declin
ing to 88%c. A gain of 3 points in the condition
of wheat crop of Ohio, as shown by the state re
port, had a depressing effect. The market closed
weak, with July off %@-ftc at 88%@@88%c.
Cash wheat No 2 ied/, $104%&'1.0oVj, No.
3 red, $1.00%@1.02V_, No. 2 hard, $1.00y_(g)
1.01 No. 3 hard, 97%@99c No. 1 northern,
$1J.0%@1.12% No. 2 northern, $1.06%@1.08%
No. 3 spring. $103@1 06.
Close: Wheat, June 99%c, July, 88%@88%c
September, 82%@82%c Decembei, 81%c.
The eorn maiket was decidedly weak. A
shaip drop in prices at Liverpool was an in
fluential factor. Another reason for the weak
undeitone was the improvement in weather.
July opened 34c to %c lower, at 59%c to
50-j_c, and sold off to 49%c. Local receipts
weie 258 cars, with 89 cars of contract grade.
Later the market became extremely weak. A
feature of trading was the heavy selling by a
prominent commission house. July sold off to
49 %c. The close on July was down precisely
at 49%c.
Cash coin, No. 2, 52%c No. 3, 52@52%c@.
Close: Corn, July, 49%c old, 50@50y8c Sep
tember, 48%c, old, 49%g49%c December, 48%c
old, 47c, May, 46%c.
Selling by cash houses caused an easier tone
in the oats market Weakness of other grains
bad considerable effect July opened i_c low
er, at 30%c, and sold off to 30%c. Local
receipts were 193 cars.
Cash oats, No. 2, 30%@30%c No 8, 30%@
30%c.
Close: Oats, June, 30%c July, 80%c Sep
tember, 28%c December, 29Zc May, 30%c.
The following was the range of prices
Wheat July. September. December.
88%@8S% 82i/2@82% 81%@81}_
88% 82%
Opening Highesit Lowest
Close
Today
Yesterday
Year ago.
Corn
Opening Highest Lowest
Close
Today Yesterday
Year ago.
Oatss
Opening Highest
Lowest
Close
Today Yesterday
Year ago.
80% 29
80% 29
30% 28%
89%@89%
We
sold a little flour for export deferred shipment
based on Chicago September.
Inglis says "Quincy to Hannibal, 10 to 15
bu to SpUngfield acreage smaller than last
year, 5 to 15 bu."
Flnley Barrell says- "Don't think foreigners
have much Interest in September wheat any
recent small buying has been covering shorts
They have done next to nothing for months.
Can't understand why people are worrying about
foreign conditions They have been Independent
of us for some time their markets are in a
healthy condition, shaping higher, and will
have to come to us for Supplies within the next
six months. See no reason why every option on
the next crop should not sell at $1 or over.
The world has no reserves of breadstuffs the
big merchants not bearish on the situation."
The Missouri crop report is taken to mean
36,000,000 bu against 27,000,000 last year.
HANDICAPPED. i
Philadelphia Press. *&*
"To bad about Keene. There's a
fund of good humorous stuff in the an
tics of the would-be society people in
his new neighborhood."
"Well, he's just the fellow to take
advantage of that for his funiry
sketches."
"lijea, but his wife is trying to eet
into society thero.^
OTHER GRAIN MARKETS
DULUTH GRAIN, June 3.Stocks of wheat
are estimated to decrease 235,000 bu this week,
and flax 200,000 bu. Trading in wheat was
ve*y dull. July opened %c off, at $1.18%,
sold up to $115, and closed at that price, a
gain of lc New September fell %c, to 81%c,
and closed there. Old September closed %c
off. Duum wheat fell 2c. Flax was dead.
July lost lc September, %c, and October,
Oats fell %c.
The, close: Wheat, to arrive, No. 1 north
ern, $115 on track, No. 1 northern, $1.15 No.
2 northern, $1.09 durum, No. 1, 89c No. 2, 88c
Ji $115 September, old, 86c, September,
new, 8iyc Flax, to arrive, $149 on track,
$149: July, $1.48 September, $1.30 October,
$128%. Oats, to arrive, Sl%c on track, 81%c.
Rye, to arrive, 78c on track, 78c. Barley, feed,'
89%c to 41c. Cars inspected: Wheat, 2 last
year 26. Oats, 4 flax, 8 last year, 18. Re
ceipts, flax, 1,204 bu. Shipments, wheat, 41,000
bu oats, 50,000 bu barley, 10,417 bu.
NEW YORK FLOUR AND GRAIN, June 3
Flour, receipts, 5,355 brls sales, 600 brls
unsettled. Minnesota patents, $5.60@6 25 win
ter straights, $4 65@4 90 Minnesota bakers,
$3 75@4.35, winter extras, $3 35@3 75 winter
patents, $4.90@5.25 winter low grades, $3 25
@3 65. Wheat, receipts, 4,000 bu sales,
1,200,000 bu. Easy all forenoon under better
weather west, lower cables, prospects of large
world's shipments Monday, weakness In the
northwest and unloading. July, 93 3-16@93%r:
September, 86%@86%c. Corn, receipts, 1,075
bu. Dull and no transactions.
CloseWheat July, 93c September, 86%c
December, 85 %c. Close, Corn, July, 55%c.
MILWAUKEE FLOUR AND GRAIN, June 3.
Flour, steady wheat, lower No. 1 northern,
$1.13 No. 2 northern, $1.06(3)1.09 July, 38%c
bid puts, 87%@87%c asked, calls, 89%c
asked. Rye, steady No. 1, 82c. Barley,
steady No. 2, 60@51c, sample, 40(5J50c. Oats,
steady standard, 32%@32%c. Corn, weak No.
3 yellow, 53c July, 50%c bid puts, 49%o bid
calls, 50% c.
ST, LOUIS GRAIN, June 8CloseWheat,
lower No. 2 red, cash, elevato'-, 98%c track,
$1.04@1.07 July, 80@80%c September. 80%o
No. 2 hard, $1.02@1.04. Corn, lower for fu
tures No. 2, cash, 50c track, 50%@51%c
July, 48%c December. 44%c. Oats, firm, No.
2, cash, 31c track, 32c July. 29%c September,
28%c No. 2 white, 33%c.
KANSAS CITY GRAIN, June 3Close
73%c December, 73%c, cash. No. 2 hard, $1
1.05 No. 3. 90c@10"3 No 4, 78@97c: No 2
red, $1@1.05 No. 8, 90c@l 03 No. 4. 78@97c.
Corn, July, 45%c September, 43%c December,
40%c cash. No. 2 mixed, 49c No. 8, 49c: No.
2 white, 49c Oats, No. 2 white,
No. 2 mixed, 8iv,(g!32c.
CHICAGO COARSE GRAIN AND SEEDS,
June 8.Rye, July, 66c September, 63c. Flax,
cash, northwestern, $1.47 southwestern, $1 SO.
Timothy, June, $2 85 September, $3.10. Clov
er, June, $11.75@12 25. Barley, cash, 42@50c.
LIVERPOOL GRAIN, June 3.Wheat, spot,
nominal futures, dull July, 6s 9%d Sep
tember, 6s 7%d December, nominal. Corn,
spot, firm American mixed, 4s 7d futures,
July, 4s 6%d September, nominal.
BOSTON MINING STOCKS, June 8.Adven-
ture, 3%@4 Allouez. 23(5!23% Arcadian. 1%
@1% Atlantic, 13%@14 Bingham, 29%Q
29% Calumet & Hecla, 605@615 Centennial,
19%@20 Consolidated Mercer, 45@50 Copper
Range Consolidated, 71@71% Daly West, 33
bid Dominion Cdal, 7K5J76 Dominion Steel,
20@20% Elm River, 2@2% Franklin, 8%(^
8% Granby, 5%@5% Guapajuato, 4%@5
Greene Consolidated, 24%@24% Isle Royale,
20%@20% Mass. 8%@8% Mayflower, 55*3
90 Michigan, 12% 12% Mohawk, 50%@5l
Boston Consolidated, 8%8% Old Colony, 75(g)
100 Old Dominion, 25@25% Osceola, 92%@
93 Parrot, 24@S&% Phoenix, 1@1% Quin
cy, 97 bid Rhode Island, 1%@1%, Shannon
Copper Co., 7%@8 Swift & Co 107%@108
Tamarack, 108@109% Trinity, 8%@8%
United Copper Co 24g24% United States
Mining, 2&%@29, United States Oil, 10%@11%
Utah. 44%@45: Victoria, 3%@3% Winona,
10%@10% Wolverine, 109@110 Wyandot,
1%@1% Santa Fe, 1%@2.
A* LIKE FLY PAPER.
Chicago News.
STOCK MARKET
OPENED DOW N
DOWNWARD PROGRESS CHECKED
BY DEMAND FOR READING.
But Prices Were Set Back to Last
Night's Close in Expectation of a
Poor Bank StatementThe Closing
Was Dull and Somewhat Irregular.
New York, June 3.With the exception of
small gains in Amalgamated Copper and Metio
polltan Street Railway, opening prices on the
stock market were lower thruout on a limited
volume of business. United States Steel pre
ferred declined 1%, and St. Paul and Union
Pacific led the decline in the railroad list, the
former Josing about a point and the latter a
large fraction. Smelting also declined a large
fraction.
Progress downward terminated when an active
demand arose for Reading. This was supple
mented by the large orders for St. Paul, Union
Pacific, Amalgamated Copper, the United States
Steel stocks and the local traction stocks, and
the trading for a while was quite spiiited.
After the market had been carried well above
yesterday's closing the demand became less ur
gent and prices fli off a fraction. Cential of
New Jersey rose 4%, Lead 1%, Minneapolis,
St. Paul & Sault Ste., Marie preferred and
Amalgamated Copper 4.% and Union Pacific,
Reading, Smelting preferred, Brooklyn TranJ
sit and Metropolitan Street Railway 1 to 1*4.
Pressed Steel Car preferred jlelded 1% and
Philadelphia Traction 8 points.
Prices were let back to last night's level
and below in anticipation of the poor bank
statement. International Power sold at 60 and
then at 75 compared with the preceding sale
at 93 in April. The decline in Philadelphia
Rapid Transit reached 11% and Northern Pacific
and Westinghouse Electiic lost 1. Central Rail
road of New Jersey extended Its gain to 714.
Amalgamated Copper was pushed up to 83%
and the market hardened slightly in sympathy.
The closing was dull and rather Irregular
Stock quotations reported for The Journal-by
Watson & Co., brokers, Chamber of Commerce.
Minneapolis. Closing figures are bid.
Sales. Stocks
Am. Woolen
do pr
400 Am. Car
do pr
l.SOO^Am. Locomot..
I do pr
[Am. Linseed
i do pr
200^\m. Sugar
3,400iAm. Smelting
300J do pr
44,800|Amal. Cop
OOOUnacon. Cop
SOOiAt ,T. & S.
lOoT do pr
l,100jBalt. & Ohio..
700| do pr
14,300^Brook. R. T..
Canadian Pac
Ches. & Ohio..
.Chi. & Alton.,
Corn Products.
do pr
Chi. Gt. West
do pr B....
C,C.,C& S
Chi, Terminal
do pr
Col. F. & I...
Col. Southern.
do 1st pr...
do 2d pr....
Con Gas
Del. & Hudson
Den. & R. G.
do pr
D., S. S. & A
do pr
Erie
do 1st pr...
do 2d pr....
Gen. Electric.
Greene Copper
Gt. North, pr
Illinois Central
100 Inter. Paper...
do pr
100 K. C. & South.
do pr
500 Louis. & Nash
2001Soo Line
100] do pr
2,800(Manhattan
JMet, St. Ry,
l,600(Met. Securitiei
400 300
1,100
82 81%
82y8i
82J4' 83%
600
SOO
my* 81ya 82y*
882%
51%@50% 49%@49%
51% 49%
4714 47% 47 49
50 5iy*
49%@49% 48%
400
49%@49% 50
47 47% 2,200
600
100
29% 29% 29%
28%
29 31%
v*"
Castro and his army were preparing
to descend on New Orleans.
"Great Scott!" exclaimed the Chi
cago man. Have you made no prepar
ations to repel the invaders? Where are
yourguns?''
"We don't ^need any ''guns,"
chuckled the citizens of the crescent
city. We have just fdWd the principal
streets with New Orleans molasses and
when Castro and his army land they
will get their teet s&nck and can't get
out."
%O0F}%r
i^*
1
I Close
High-| Low- Bid. Bid.
I est. I est. |Jun ._3jJun_2
32%
100
3J
32%
100
33% 33% 83%
47 461, 46% 46%
111 1111
17
40
132% 110% 118
83
106%
79%
101% 107^4
97% 63%
14fa/4
48% 83 10% 49
18% 31% 94 17 30
41 27%
56 84%
187
181%
28
132% 110% 118%
83%
106%
79%
132% 109%
118
81%
102%
79%
132% 110
117
81%
103
79
101%
107%
108
97% 63%
14o%
107%
97% 62%
14tt%
"62%
14b%
48 10% 49 18% 30%
18%
'iiyj
32
41% 27 57 34%
41%
27%
41
27
187 180 181% 181
12 23y2 39%
78
65%
12 23% 40
78% 65
40%
100 200
89%
Northern Pac
Nor. Securities
No. Western..
N. Y. Central.
Ontario & W
Pressed Steel.
do pr
Pacific Mail...
Penn. R. 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
Southern Pac.
Southern Ry
do pr
Tenn. Coal & I
Texas & Pac.
Twin City
Union Pacific.
do pr
U. S. Leather.
do pr
Rubber.
172
24
281
158%
19y4
79
24% 56
143% 115% 156 164 118%
77V* 96
25: 58% 19 &
45
201
78%
92
98
182 168
194
189
49% 86%
*24%'
281 159
19
79
25
19% 19
143%| 143?
115
143% 115
156
115% 119
78% 96%
200 100 800
118
77% 96%
Mo. Pacific
M., K. & T..
do pr
Mex. Central..
Nat. Lead
N. J. Central.
Norfolk & W.
do pr
North Am. Co
117%
77 96%
25% 58 19%
45% 44%
204
78%
200
73% 78%
183 163%
1,400 2,100
400
62,500
400 100
100 100
200 100
1,100
182 163
139%
50%
200
7,500
100
139
4J
38% II
.134% 134%
134%
I 10%
95%
90% 87% 16%
71% 33%
102%
96 '94%
26
*l
4,000 8,400
200 100 100
600
25?
82%
28,500
32
123% 121%
U. S.
do
U. S.
do do
15,900 19,800
Steel..
pr
5s
26% 25%
1%
Va. Chemical
do pr
Western Union
Wis. Central
do pr
100 100
100
Total sales. 252,400.
Toronto Winnipeg
Ottawa Halifax Vancouver
Quebec Hamilton St. John, N. B..
London, Ont
Victoria, B.
TTS
172%
62%
171?
614
172%
61%
28%
96 75% 32%
111 122
96 11
107
37%
104%
25% 91% 92%
loss!
92%
22%
.47
BOSTON MINING STOCKS.
Boston, June 8.Closing prices yesterday's
market: Adventure, 8%@4 Allouez, 23'4@
23% Arcadian, 1%@1% Atlantic, 13%@13%
Bingham, 29@29% Calumet & Hecla, 610@615
Centennial, 19%@20 Consolidated Mercer, 45@
50 Copper Range Consolidated, 70%@71% Daly
West, 12%@18 Dominion Coal, 74@76 Domin
ion Steel, 20@20% Franklin, S%@8% Granby,
5%5% Guanajuato, 4%@4% Greene Con
solidated, 24%@24% Isle Royale, 20@20% i
Mass, 8%@8%: Michigan, 12%@12% Mohawk,
50@51 Old Colony, 75100 Old Dominion, 25
25% Osceola, 92%@93 Parrot, 24@24% Phoe
nix, 1@1% Quincy, 96@97 Rhode Island, 1%@
1% Shannon Copper Co., 7%@7% Swift & Co.,
107@108 Tamarack, 108@112 Tecumseh, 2%@
8 Trinity, 8@8% United Copper Co., 23%@
24% United States Oil, 10%@11% Utah, 44#
44% Victoria, 3%@3% Winona, 9%@10%
Wolverine, 109@109% Wyandot,l%@l% Santa
Fe, 1%@2.
N E WYORK MINING STOCKS, June 3^-
Adams Con., 20 Alice, 60 Breece, 22 Bruns
wick Con., 5 'Comstock, Tunnel, 8 Con. Cal. &
Va., 155 Horn Silver, 180 Iron Silver, 300
Leadvllle Con., 5 Little Chief, 5 Ontario, 400
Ophir, 600 Phoenix, 2 Potosi, 12 Savage, 48
Sierra Nevada, 83 Small Hopes, 25 Standard,
125.
MONEY REPORTS
NEW YORK, June 3.-*Money on call, nom
inal no loans time loans, easy sixty to nine
ty days, 2%@3 per cent six months, 3%@8%
per cent.
Close Prime mercantile paper, 8%@4 per
cent sterling exchange, fairly stead
actual business in bankers' bills at $4 86 90@
4.87 for demand and at $4.85@4.85.10 for sixty
day bills, posted rates, $4.86 and $4.88 com
mercial bills. $4.84%@4.84%. Bar silver, 57%c,
Mexican dollars, 45c. Government bonds, firm
railroad bonds, irregular.
LONDON, June 3 The amount of bullion
en Into the Bank of England on balance today
was 20,000^ Gold premiums are quoted as
follows: Madrid, 8216 Lisbon, 9.
BERLIN, June 3.The weekly statement of
the Imperial Bank of Germany shows the fol
lowing changes: Cash in hand, decreased 50,-
160,000 marks, treasury notes, decreased 320
000 marks, other securities. Increased 64,400,000
marks notes in circulation, increased 44,480,000
marks.
PARIS, June 3.Three per cent rentes, 99f
66e for the account. Exchange on London, 25f
19%c for checks.
MINNEAPOLIS, June 8.Bank clearings to
day, $2,700,51.98. New York exchange: Sell
ing rate, 60c premium buying rate, 10c pre
mium. Chicago exchange: Selling rate, 50c
premium buying rate, par. London sixty-day
sight exchange, $4.84%.^f
JlPL**** DrptAdocumentary from Palmyra wheat promtes Ji to^
And in *W ri.^-Ki,+ ,\i* John IngliSi from (Quincy, 111,, to ^Vatson:
Tifn* Tone* -W^ J^p- .'A.VSFT***' P--".-\ ^J
LOCAL SECURITIES
MINNEAPOLIS.
Gern an-American bank 100
First National bank 198
Gtrmanla baink.... 100
Hennepin County Savings
bank
Minneapolis Trusth Co
Minensota Loan and Trust
company 125
National Bank of Commerce 155
Northwestern National bank 225
St. Anthony Falls bank.. 150
Security Bank of Minnesota 205
Swedish-American National
bank 150
Minneapolis Gas Light Co.
6's, 1910-30 160
Minneapolis Gas Light Co.
Gen. M'tge. 5's, 1914-30.. 102
Minneapolis Geneial Electric
Co. 5's, 1934 103
Mineapolis Brewing Co, com. ISO
Miceapolis Brewing Co. pr. 107
Mpls. Brewing Co, bonds.. 110
Mmenapolis byndicate
Mpls. Ihieshing Machine Co. 175
Mpls. Steel & Machinery
Co., pr
Minneapolis Steel & Machin
ery Co, common 108
North Amer. Tei. Co 80
Twin City Telephone Co.,
first mortgage 5's, 1913-16 95
Twin City Tel. Co., ccm
Twin City Tel. Co., pr
ST. PAUL.
American National Bank
Capital Bank 125
Fiist National Bank 250
Merchants' National Bank.. 143
National German-Ameiican
Bank 148
St. Paul National Bank 107
ScandinavianiAmeriean Bank 140
Second National Bank 140
State Bank
Northwestern Trust Co 110
Minnesota Transfer Rail
way, 1st 5s, 1916 103
Minnesota Tranbfer Rail
way, 1st 4s, 1916 *95
Security Trust Co
St. Paul Union Depot Co.,
1st bs, 1930 *125
St. Paul Union Depot Co.,
con&ol. 5s, 1944 *109
St. Paul Union Depot Co.,
consol. 4s, 1944 100
Interstate Investment Trust
Company
American Light & Traction
Co., pfd 101
American Light & Traction
Co. common 88
St. Paul Gas Light Co.,
1st 6s, 1915 116
St. Paul Gas Light Co.,
1st cons. 6s, 1918 112
St. Paul Gas Light Co.,
general 5s of 1944 99
St Croix Power Co, 1st
5s, 1929 *95
Pioneer Press Co., common
(par $50) 5
Pioneer Press Co., preferred
(par $30) 35
West Publishing Co., com. 300
West Publishing Co., pfd 107
Tibbs Uutchings & Co.,
common
Tibbs Hutchings & Co.,
preferred
Supenoi Water, Light &
Power Co 10
Superior Water, Light &
Power Co., 1st 4s 1931... 60
St, Paul Union Stock Yards,
1st 3s, 1916
St. Paul Fire & Marine In
surance Co 195
Totals, Caneda.. $58,077,409
Balances paid in cssh.
Last
Sale. Bid. Asked.
105 105
160
145
130 125 225
150 208
160
210
150
108 108
102% 102
104 160 110
113 102 200
104 150
107 110 100
100 100
110 108
80 97
100 120
98
Last
Sale.
103 125
255 145
Bid. Asked.
lul 130
100 100 100
130
115 109
106 135 145
103 102%
92 88
i
100 99
*100 *94
37%
100
10
*90
New Tork, June 3.The following table, com
piled by Bradstreet, shows the bank clearings at
the principal cities for the week ended June 1,
wjth percentage of increase and decrease, as
compared with the corresponding week last ear
Pet.
16 1
3.8
19 2
23 5
49 8
6.0
5
3.6
1 3
21.7 19.7
8J.7 isii
4.6
'ib'.b
NEW YORK PRODUCE, June 3.Butter,
weak receipts, 5,847 lbs official prooes un
changed. Cheese, easv, unchanged, receipts,
3,420 lbs Eggs, steady, unchanged receipts,
11,778 cases.
KALLET & O
Grain Commission
11 2 Chamber of Commerce, fluueapoiis
MARFIELD-
GRIFFITHS CO.
QRAIN COMMISSION
DULUTH MILWAt/KEB
\I/E
thel accountis
Branch HousesSt. Paul. Mankato. Aberdeen. 3
BRaaPOBW^ChleaBo and aUhraakesw
Chas.E.Lewis&Co,0*
Grain and Stotk Broker*
CHAMBER OF COMMERCE,
MINNEAPOLIS.
Invite personal interviews and correspondence rel
ative to purchase and sale of grain, stocks, bonds.
Members All Exchanges. Private Wires.
Commission Orders Executed in
All Markets of the World.
RANCH OFFICES:-St. Cloud. Fergus
Falls, Comstock, Duluth, Minnesota. Vuiga,
Casselton, Hunter, Hillsboro. Grand Forks.
North Dakota and Winnipeg.
MINNEAPOLIS. OMAHA.
Edwards
Wood
Co.
MAIN
151 115
onriee
Fifth and Robert St*.,
ST, PAUL. MINN.
147%
146 110
130
100
110
105
(mCOBPOHATBD)
DEALERS IN
Stocks. Grain. Provisions
Ship Your Grain To Us
B8T FACILITIES. PROMPT RBTUWS.
LlBBKAX. ADVAKCSS.
DULUTH WINNIPEG
110 and 111 Chamber of Commerce, and 811
Guaranty Loan Building. Minneapolis. Minn.
WATSON & CO.,
BROKERS I N
GRAIN, PMVI8IQN8,
STOCKS AN! BONDS.
Members N. Y. Stock Exchange
New York Office24 Broad Street.
Chicago CorrespondentsJ. H. Wrenn & O
Private wire Chicago and New Yovk.
TelephonMN. W. Mala 449%
H.W.Main44 9
T. C. 184.
420-421 Chamber of Oommaree.
Braaeli ffloe131 Ouaraaty Lon.^
Ellsworth Warnaz
DanxnaaF. Jtth&aon
195
BANK CLEARINGS
Inc.
62 3
12 6
18.2
26 1
10.6 32.9
17.5
New York $1.449062,479
Chicago 162,445,668
Boston Philadelphia St. Louis
Pittsburg San FranclBco
Cincinnati Baltimore Kansas City
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
Salt Lake City
Spokane, Wash
Des Moines
Tacoma Sioux City
Davenport Topeka Helena Fargo, N.
Slcux Falls, S.
112,503,280
116,251,642
52,407,482 44,8d6,291
80,835,639
17,436,350 19,224,862
18,844,287 15,469,190 16,087,225
12,332,329
9,771,146 9,542,254
6 137,560
8,488,872
5,656,400 7,999,300 5,343,443 5,996,715 5,318.928 8,790,725
4,501,592 3,933,831 5,139,736 4,906,800 3,311,007
5,017,304 2,581,207
2 875,315
2,332.489 2,046,496 2,129,790
1,577,008
651,871
1,140,689
493,190
410,406 226,890
Gaotm V, Fipsr.
Walter D. Deucla*
PIPER-
JOHNSON
AGO
SrosarS'te
Siomks and Bonds
Grain and Provisions
0 9, 410, 411
f ConuiMrco
Dec.
i
Ck.
Pboaea: N.W. M.
421-3422 T.C.32|
E.S. Weodworth & CO.
CHAMBER OP COMMERCE.
GRAIN COMMISSION
MERCHANTS.
Receivers and Shippers of Wheat, Coarse Grain
and Flax Seed. Orders for future deliveries exe
cuted all markets.
Members at AH Exchange*.
I. F. WHALLON.
GEO. P. CASE.
IS. 5
12.1
2.2
4s!8
4.0
44 2
2.8
20.7
*9.'6
36 2
6.0
18 2
86.7
BMBERS
22.5
82*4
2.2
5.4
Totals, U. S $2,240,036,430
Outside New York 700,873,951
CANADA.
Montreal $22 633,097
24.8
42 2
15.9 22.7 14.0 13 8
19,415,662
5,770,440 1,813,370 1,507,275
1,483,852 1,485,930
1 386,838
1,027,786
927,015 521,144
B. C.
16.6
5.4
26 2
11.7
9.4
GEO. a BAGLEY,
CHA&M.OASEL
Whallon,Case&Co. STOCKS, GIAIN, PROVISIONS
New York Stock Exchange,
Chicago Board el Trade,
Mpls. Chamber of Commerc*
Private Wire ta Maw York and Ohloago.
(8 CHAMBER OF OOMMERC&
315^1atAyE.Sa
TneEstablished Security.1878
Bank of Minnesota
Capital and Surplus $1,500,000
Deposits $10,000,000
We desire jour business _nd our facilities en
able us to warrant satisfactory service.
tint. Dalrymple,
Win. Dalrymple Co.,
Ship your Hay to
orSOLICIT buy and sel wheat any of the principal markets
WOODWARD CO.
'yKJtRAIN COMMISSION ""i
901 Board of Trad*
Dulatb.
901 Cham, of
Com. Mpls.
GRAINCOMMISSION
Recerfina-a specialty. AdvaneMB-adetoFarmerak
Shipper* and Elevator Ootnpaniaa.
Loftns-Hnbbard Elevator Company
St. Paul, Minnesota.
of millera and grain dealers who place hedges
The Van Dusen-Harrington Co.
Grain Commission MinneapolisDuluth
Gambit-Robinson CommissionCo.
Jobbers in
Ffit/tm, Vegetam
files, Pfotluoo'
DrledFriltoan* Cannm* Oooafm.
Liberal ad ranees nadeoa
large onslgamenta. Or
ders ailed promptly foe
everythihf a our lime.
Oriera for fut. d^HTT executed in