The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-03
MINNEAPOLIS.

:, Close, day;
May wheat, Minneapolis. ,i-c}}@-9s 7Sss-1h
May wheat, Chicago ......-. 74Ss
May wheat New York..,..79ls 1895
May wheat. Duluth .........l49s 1898
May wheat, st, Louis 1890. 72M-B
Minneapolis, April 2.--1he bears made
savage assault on wheat this morning
and succeeded in breaking May to 7211se.
All through the weakness of yesterday
there was an evidence of underlying feel
ing of confidence on the part of holders,
and while the price was hammered down
by short selling, there was not much
long wheat diSlodged. The bear crowd
has been trying to force the market
to a point where weak holders would
succeeded in part. May opened at 73A0
tS7sc, sold at 75$sc, fell back to 1874 and
held at this figure until the end of the
ilrSt hour. Here there was wheat offered
and the market broke &c in a twinkling.
The early CO hles brought I'D decline in
Liverpool, which, following on yester-
days foreign weakness. made the mar
ket WelghtY. Berlin was &c lower. Chi
cago was closed up for election day.
The sharp decline of 212c since Saturday
last put the trade IN q condition of mind
even more unsettled than formerly. and
there is wide divergence of opinion
TO the future course of the market. There
is, OF course, the natural anticipation of
reaction after the break. There are some,
however, who see this decline the fore
runner of much lower trend. 1t is said
that this break should have come long
ago, and the old arguments that have
been advanced right along, but without
much effect heretofore, and now being
brought cut ana put forth with redoubl-
ed energy. These are, in brief the ap-
parently ample visible supply, continued
good receipts the favorable outlook for
the crop, and the fact that even at 7212c
May Wheat is 112c higher than last year.
On the other hand, it is believed that
before the May settlement is on, wheat
VIII have to move up, that millers viii
need all the wheat they can get Flour
stocks in general are light. 1t is not
known what part of the visible will prove
deliverable on contract, but it thought
there will be less good wheat than is now
figured on. Meanwhile good deal of
wheat is going out. Clearances hold up
We'll. and Bradstreet's figures for ex-
ports last week showed q material gain
over the week before and the correspond
ing week year ago. The seaboard re-
Northwestern country elevator stocks
are now 4S61,00 bu, against $4,000 bu
April last year. Many are inclined to
feel that this break has cleared the at
muSphere eliminating some weak elements
IN speculative way and making the out
look better on the whole. The condition
OF the winter wheat is the most import
ant FACTOR at the moment. With Chicago
closed, some of the usual daily statistics
We're unobtainable. Receipts at Mime
apolis We're 80 ears, against -2zS last year.
Duluth had 1e2 ears.
Corn was very dull, traders not caring
TO venture heavily without the Chicago
opium to guide upon. The tendency was
weaker. May opened at 405sc AT noon
the market broke, more in sympathy with
wheat than through pressure, May sell
ing at 394c.
Bradstreet's figures showed an increase
IN wheat OF AL coo bushels, against de-
crease of $50, GOO bushels last year Corn
decreased 1,00,000 bushels, against
52.090-bushel increase last year.
The market showed better support at
the end and closed at 7215@725sc for May
and !4Ac for July, May corn closed at
There was good business in cash wheat
The bulk of sales was made before the
option broke and show Ac to 3sc over
the early May price for No / northern
No. 2 northern sold from zee to Tic, some
poor No. going at Sec. No. 8 sold up
TO 6fc for choice, ranging down to 64c
and Csc. Rejected sold at 53c to Coo and
no grade from SIC to CSC. Prices in some
grades showed wide variation as between
selections sold early and poor lots sold
after the wea ker turn in May
Minneapolis range of prices:
Wheat Open. High. Low. Tues. Mon.
May ..l3]4-3S 1875 721S 721a-5S 735s-X
Jq og trsoESorji5I o; 5s%,A 4ia ~ 81
5 15e wheat, rise, No. northern wheat,
729sc; No. northern wheat 6Sh@699sc;
cats, &c; corn, 4r4c; rye, 4S%c; barley,
4c@S2c; flax futures, May, sl.60sl.
Puts and calls.-2 o'clock report: Puts
May wheat. nc, bid; calls, May wheat,
7S@7Ssc, sellers; curb, May wheat, 7z1ac,
sellers.
FIax-The market was steady. Rejected
sold mainly at Sl46 Small lots of re-
jected brought $1.45 The market was
fairly active shippers showing little
more interest. Minneapolis received II
cars. Duluth had cars.
MinneapoIis-Cash, $1.57: to arrive,
$l.51; May, $16G&. Duluth-Cash, 81 80;
to arrive, $l.61; May, $1.62; September,
Flour-The market is active. Millers
say the decline in wheat has stimulated
demand from some quarters where buy
ers have been holding Off waiting for it.
: Prices arc &C per brl lower First patents
are quoted $4041O; second patents, $500
4; hrst clears $3Q3.10; second clears so
2l0 Shipments, 53,371 brls
M}llstuffs-The general market is steady
end active. Bran in bulk is quoted $l3 25
@lS.50; bulk shorts. $13 25@D!3. 80; flour
naiddlings, $1S 59@l375; red dog in HOLD
sacks, Sl4. T5@l5; feed in z00-lb sacks. 81
per ton additional; in 100-lb sacks, $1.50
per ton additional Shipments, 1897 tons
Feed and Meal-The market holds firm
at the late advance. The continued light
offerings of corn and oats and the good
demand for feed is the cause of the
strength Coarse corn meal and crack
ed corn arc quoted SIG: No. / feed. $3.50;
No 2 feed, SIT; No. 8 feed. $l7.5u; granu-
lated corn meal in cotton sacks at the
rate of $1.e5 per brl.
Corn-The market lost some of it's
strength, and sales averaged q shade
lower, although the general tendency re-
mains firm in view OF the very light re-
celpts No. yellow is quoted &c; No 8
corn, A&@42c. Receipts, 6 cars; ship
ments, cars.
Oats-The market is active and steady.
No. white IS quoted 2Sc; No. 3 oats, 25l5
G2T%c. Receipts, cars; shipments. s
cars.
Barley-The market is steady. No 5
sold to 49l4c. Feed grades are quoted 9ec
to, 43c; mating grades, 44c to &c Re-
ceipts, 2 cars; shipments, 8 cars
Rye-The market is steady at 4S1k049c
for No. 9. Receipts, l car
Hay-Market is active. Choice timothy
IS quoted $13; Minnesota upland s1IfD
1150; Iowa upland, $l1d11 so; choice mix
cd, 50. 50910; rye straw, $6Q6.5O. Receipts,
103 tons
STATE GRAIN INSPECTION.