The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-17
MINNEAPOLIS.

MINNEAPOLIS, Jan. 16.-GeneraI demor-
al1zation was felt in all the grain mar
kets this morning. Notwithstanding the
repeated declines of the last four days,
and the feeling that some reaction was
due. wheat Slumped again, and n a
sudden panicky break May sold down to
75zc. This against the late high point
of S0ssc. When viii the decline stop? The
early gossip from Chicago says the bears
are talking T5c for Nav wheat in that
market. Should this follow, Minneapolis
May would go to about Tic if the present
difference were maintained
Before noon May was worked back TO
1850 on scattered buying and short COW
ering. A rumor came out in Chicago that
a large commission firm had failed to
pass the clearing house, and the market
turned quickly. Minneapolis May broke
TO 751zc IN a tWilkhng.
Primary receipts were 81 900 bu, com
pared with 56S, 600 bu last week, and ship
ments 195, 600 bu, compared with 81 900
bu. Minneapolis received 423 cars. against
S04 cars last year, and Duluth had II
cars. against As cars. Local stocks Will
increase this week, from present indica-
tons, about 100000 bu.
The market regained the loss and NOV
ed up 1c from the low point closing
steady. May closed at 764S9161zc; July,
7l9sQ7IAc; January, 754c. Chicago clos
ed May at Sole
The cash market was firm and active
with good demand for the milling wheat.
There was less attention paid to cars
than has been the case for a long time.
and buyers, while expressing a preference
for Milwaukee and Omaha cars, did not
insist, and would not pay any premium.
No. l sold principally at &c under May,
and No. in good part at &c under. Ne.
wheat ranged from 72I4c down to 70c
for tough or smutty lots. Rejected and
no grade sold from CSC to T01bc. A little
No. l hard turned up and sold at 77S4c.
Following was the range OF prices:
Wheat. Open. High. Low. Close.
May Sha1ua Try. :. 75& 7s1 75E 3d. 7sE
July -. 762 n1sA 76as115 771SE
On Track-No. 1 hard. 77kc; No.
northern. 75Ac; No: northern. 7319q74c;
No. wheat, 7114@73c: No. 1 fax. 81 SAG;
No. 8 yellow corn, 57szc; No. white oats,
4S4c; No. rye, SIC; barley, SIC to &c.
Flour-Trade is a little unsettled by the
erratic wheat market. but millers say
the demand in general is good an7 on
the easier price basis there is decided
disposition shown to buy more freely
The outlook for foreign business is very
much better. Inquiry Is increasing and
some fair sized lots of low grades lave
been entered
Shipments for the day were moderate
at As, 346 bblS.
First patents are quoted a little lower,
at $SS543.95; second patents, S.. 1905. IS:
first clears, s.. 35GI295; second clears. s. Is.
F1ax-Elevators were buyers of fax
today and took about as much as crush
ers. There IL a little fax going into
local houses every day, and the prospect
is for another fair increase In stocks
this week. The market showed no spe-
ctal change. and with light offerings was
hrm. Some No. l was sold to arrive at
81 Rejected on spot sold at $1-62.
and spot No. at H.65. Poor no grade
went at $1-65.
last year, and shipped Is. Duluth had 8
cars.
Closing prices: Minneapolis. cash,
$l.641z; to arrive, $1.s41k: January, Size;
hf1xr I
track, $1.s61k; to arrive, S.661k; January,
Corp-Corn was off again this morn
ing. and the market was unsettled follow
the only lots offered. No. sold at 51z@
Soc and no grade at 55c. No. 3 yellow
closed at 57$4c. Receipts, 81 cars; ship
ments, % cars.
Oats-No. 8 white to arrive sold Mt
42Ec, and No white at 43e. The market
was wider, and showed some variation.
No. 8 white closed at 43szc. Receipts, 10
Cars: shipments, 5 cars.
Feed and Meal-The market is quoted
easier all around. Coarse oornmeal and
cre cked corn, SO. %: No. l feed, so. rs; No.
feed, 1925; No. 3 feed, S23.75; granulat-
ed eornmeal in cotton sacks at the rate
of $50 per Dbl.
Millstuffs-There is fair demand from
the Southwest; market Is steady. Bran
IN bulk is quoted at $1SQ16.25; bulk shcrtE,
SIS %; flour middlings S1S75; red dog
$2O.5o; feed in 200-lb sacks, 81 per ton
additional; IN 100-lb sacks, $50 per ton
additional. Shipments. 1,196 tons.
Rye-No. rye sold at SEC. No. closed
at 56e, against yesterdays closing price
OF 5614c bid. Receipts, cars; shipments,
cars.
Barley-Feed grades. 54G56c: mailing
grades, 57qS2c- Receipts, II cars; ship
Hay-Gpland, fancy. sSas Is: upland.
choice, $Q7.50; upland. No. 1, s7G7.50;
midland. 81; medium. $780,. timothy.
choice, S11G11. 20: rye straw, choice 81. 50
a; wheat and cat straw, $3.50. Receipts,
St tons.
State Grain Inspection.
Inspected IN Wheat-Cars - Great
Ncrthern-No. 1 hard, l; No. 1 northern,
Is; No. 2 northern, %; No. 8, 30; rejected,
l; no grade. AZ.
Chicago, Milwaukee & st. Pau-No. /
northern, l; No. northern, As; No. 3, q;
rejected, Z; no grade, IL.
Minneapolis st. Louis-No. 1 northern
2; No. 2 northern, ID; No. 8, 8; no grade, 1.
500 Line-No. 2 northern, IL; No. 3, s.;
rejected, 4; no grade, l.
Northern Pacific-No. northern, 6; No.
2 northern, s; No. 8. g.
Chicago, St Paul, Minneapolis Il
Omaha-No 2 northern, s; No. 3, 5; re-
jected, 3; no grade, 1.
Totals-No. 1 hard, /; No. 1 northern
q; No. northern, 100; No. 8, 81; rejected,
Is: no grade, SIS.
Other Grains-No. 9 yellow corn, cars;
No. 4 corn. cars; no grade corn, "a; No.
white oats, 2; No. oats, 2; No. white
cats, 3; No. 3 rye. /; No. 8 barley, !;
No. barley, 4; No. barley, 3; No. I
fax, 81; No. 1 northern fax, T.
Cars Inspected Out-No. l northern
wheat, 8; No. Q northern wheat, 81; No. 8
wheat, 81; rejected wheat. 4; no grade
wheat, 1T; No. l winter wheat, /; No. 2
corn, 5: No. corn, /; No corn, 26; no