The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-02
MINNEAPOLIS.


MINNEAPOLIS, April 1-Wheat was
dead today. 1t is a long time since there
has been so dull and neglected a market
end such narrow price range. The
predominant feeling was one of firmnesS,
but for the first two hours there was
scarcely enough business to move the
market a fraction either way. This eX-
IRENE dullneSS came from the fact that
Chicago was closed for election day and
traders in all the other markets were
slow to take the initiative without hav-
ing Chicago for guidance. Vague ru-
mors have been floating around OF late
of the activity of the Gates following
in corn and the possibility of a squeeze
in the May corn option has been Sug-
gested. Wheat has been breaking away
from the coarse grain influence of late
and has acted more independently than
for long time. Still there has been a
continued bear market in wheat for
weeks and many are inclined to lock for
natural reaction soon, even if it be
but temporary. Bear arguments have
been plentiful and the market mas re-
sponded to them with sharp declines.
How much of a short interest there is
outstanding IS uncertain, but it is be-
Eeved here that there are good many
shorts. Anything at all bulliSh should
have more effect now than when the
market was on a higher level, and llqui-
dation was on A furry in corn might
start rally in wheat. Hence the ex-
IRENE cauuouSnesS about commitment on
the short side or, for that matter, on
the long side, either, until the Chicago
crowd showed it's hand
Liverpool opened after the Easter holt
days with decline of I'D. and was Id
lower on later adviceS. Receipts in the
Northwest were very light, Minneapolis
getting only IL cars.
The closing of Chicago and poor wire
service cut. off much of the statistical
matter, and reports of cIearances pri-
mary receipts and other items were in
complete and unreliable. The market
aInGnd a fc,, T1v- J,,1v,
at 711s071Ac. September, 70bc in Min
neapolis there were II cars, against $50
last year, and Duluth had 102. against 1872
With only II cars in the days receipts,
there was naturally a quiet cash bust
ness. Firmness ruled and the light of
ferings helped little. Some No. / north
err sold at 172c over May: No. sold at
695s070c off the tables. and No. to come
out of the elevator brought 694c No. 8
had range of 6812G691kc the bulk of it
going at 69c. Rejected sold from Csc to
681zc; no grade from Sac to &c.
The following was the range of prices:
Wheat Open. High Low. Tues. MOI Mon.
Nay Nay ..... ss5 70 lis $50 $3.50 50 s ssA
Track-Official closing quotations April
mo. l hard wheat, 734c; No. / north
e err, ~ wheat eat 71A@1Ac; No 2 northern
40q4lc; corn, 52Q56c; rye 531ac; barley,
52162c; fax, $1.73; flax futures April
$1.7S; May, $173A.
Flour-Today brought a little recession
from late activity and orders We're light
er. This is partly due to the half-holi-
day tone both here and abroad. Domes-
tic buyers continue taking a fair share
Of the output and foreign inquiry con-
tinues, although lighter. Prices are firm
as quoted.
Shipments for the day. 55,OO6 bbIs.
FIRST patents are quoted IS. T503S5; sec
ond l. patents, So 65QS75; first clears, $2.S5
02.95; second clears, 81. 1502 25
Flax-The market turned weaker to-
day, not through any lack of support
here, but in sympathy with a weaker
turn in the Duluth option. Receipts were
for part car but s1.721a was about the
best obtainable for ordinary lots Re
ceipts here were cars, against II last
year, and shipments II cars. Duluth had
10 cars.
Closing prices: Minneapolis Cash.
$l73; to arrive. a.73; April. s1.73; May,
S73A. Duluth-Cash, SLIP; on track
$l;72; to arrive, a72; May, sl.73.
in corn. Without the Chicago option for
guide, traders used yesterdays close
as the basis. No. sold at 53c, and no
grade at the same figure. No. yellow
corn closed at 54@56c. Receipts, 9 cars;
shipments, cars.
Oats-A quiet market ruled in oats Re-
ceipts were light. No 3 white oats closed
at 4G94lc. Receipts, cars; shipments, 4
cars.
Feed and Meal-Coarse cornmea1 and
cracked corn, $40; No. l feed, 81; No. 2
feed. $22 No. feed. $23; graduated corn
meal in cotton sacks at the rate of $3.50
per Dbl.
Millstuffs-The market is weaker and
lower all around Bran in bulk is quoted
at $l2 per ton; bulk shorts. $12; -four
middlings, $14; red dog, SIS. 75d16; feed in
2Ce-lh sacks, 81 per ton additional: in 100-Ib
sacks 81 so per ton additional Shipments,
1,66S tons.
Rye-No business was reported in rye.
No closed at SIC. Receipts, 1 car;
Shipments, none
Rarley-Barley was dull Feed grades.
52@56c; mailing grades, 57664c. Receipts,
cars; shipments, cars.
Hay-Upland. fancy, $7.50dS; upland,
choice, $7a7 so; No. l, ST. midland s6a6 %
medium, S5.7546; timothy, choice, $40
II 30; rye straw, choice. S404.50 Re
ceipts, 66 tons; shipments, 16 tons.
State Grain Inspection.