The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-12
MINNEAPOLIS.

MINNEAPOLIS, April 11.-Wheat open
eQ higher this morning and very nervous.
May touched 7lAc TO start, but held it
only moment. 1t was extreme ner-
VCuSnesS rather than good buying sup
port that brought the high opening The
trade was all at sea as to the interpre-
tauon of the government report. Chicago
wired that in that market traders did not
know whether TO place a bullsh or bear
ISM construction upon it, and the ten
dency was to wait for the pTepOnder-
allnS sentiment to assert itself MAY
sagged off, Minneap polls going to 7O5sc
Estimates of the winter wheat yield of
which there are a great number, vary
widely.
One Chicago authority, taking the gov
eminent report of 1871 for the present
condition, to mean a yield of 1928 bu
an acre. On this basis the same acrea ge
as planted last year would yield 364 600 600
bu, but on the government estimate of an
increase to 22,000,G00 acres on the present
crop, il would suggest a yield Of as
0O0NO bu. The foreign news was bear
1sh. Liverpool was up 14d to start, and
closed 1s0Ad higher.
BroomhalI cabled that the prospects in
Europe, taking conditions all around, are
favorable. London cabled that the latest
Argentine reports are Of favorable con-
ditions in the interior. Tempera lures in
the winter wheat territory are mild with
some frosts in Kansas and local rains in
Oklahoma
Before noon the market strengthened
Chicago house was reported buying free
ly on the talk in Liverpool Of the posi-
bility of England putting duty on grain
which, should it happen, would probably
mean good buying here by England be-
fore the duty became effective.
Argentine shipments for the week were
goo bu, compared with 100000 in the
previous week, and 1344,000 a year ago.
Primary receipts were 2S6,O00 bu, com,
pared with $4,000 blu last year, and
shipments $4,000 bu, against 1900. Clear
ances Of wheat and flour, 1900 Blu. Min
neapolis had 166 cars, against 176 last
year, and Duluth -, against Is. At the
rate millers nave been drawing in ter
minals the local stocks should show
decrease this week of about 100000 bu.
The Modern Miller says the condition
Of the crop is generally maintained over
the larger part of the wheat territory. but
that moisture is needed over the late
, soWn soft winter wheat. Near the close
the local feeling was little less bullish
on the report that the local -four mills
will close part of their capacity for a
week or ten days
Wheat and flour cIearances for the
week were 3,Si2,0G0 bu, against 4,446,000 bu
last week.
Minneapolis May closed at NC; July,
72$d7212c; September, Tic. Chicago, May
closed at 723S17234c.
Demand III wheat % arrive mas
feature Of the cash market. No. l north
ern and No. were Salable to arrive al
prices about even with spot wheat. The
general market showed a much wider
range, owing to the unsettled option. In
No. l northern salyes were made from
72$sc to 73c. No. northern sold from
7t84c to TIC. No. ranged from 697sc
TO Rose, and no grade from Csc to zoe.
The following was the range of prices:
Wheat open. High. Low ri, Thars.
A 5 hfz 81 81 d: IL IL * & IS
Track--Oficial closing quotations April
Il: No. hard wheat, l5c; No. l northern
wheat 721a073c; No. 2 northern wheat,
71@71Ac; No. wheat, 6934@7012c; oats,
4113042c; corn, 55A45lc; rye, SIC; barley,
52@64c; fax, $1.7234; flax futures, April,
Flour-The mills will be closed in part
for a short period after tomorrow night.
Demand for day or two has been very
light, and heavy shipments are cleaning
up much Of the old business. Millers find
it difficult to secure much new trade on
the present cash wheat basis here. 1t is
expected the mills will resume operations
after a week or ten days.
Shipments for the day were 8.687 bbls.
First patents are quoted al S3.I5n3S5;
second patents, $3. 654375; first clears,
81. S50295; second clears, $21502.25.
FlaX-The market was a shade easier.
Demand was not very brisk. To noon
there was scarcely any business reported.
No. l was quoted around 72&c.
Receipts were II cars, against last
anu SAAAtAACA4Lo CclA . - NtAA 80
had none.
Closing prices: Minneapolis Cash.
s1.7234; to arrive, S.7234; April, $172%4;
May. S1.75. Duluth-Cash, sL744; on track,
$1.744; to arrive. $1.7414; May, $1.7474; Sep
TENDER, S1.35; October, $1.31.
Corn-Another day of light receipts in
corn. No grade sold at soc and No. 4
brought 5572c. No. yellow closed at Esq
SIC. Receipts, cars; shipments, 2 cars.
Oats-There was a fair demand. No 3
white closed at 41zQ42c. Receipts, s cars;
shipments, 1 car.
Feed and MeaI-Coarse cornmeaI and
cracked corn, S20.25; No. l feed, $2I. %;
No. feed, $22. Is; No. 3 feed, S23.25; gran
ulated cornmeal in cotton sacks at the
rate of $3.50 per Dbl.
MillstuffS-Bran in bulk Is quoted at
s12 per ton; bulk Shorts, $l2; -four mid
dlings, S14; red dog. $15. 75616; feed in POO
ID sacks, 81 per ton additional; in 100-lb
sacks, $50 per ton additional Shipments,
1.602 tons.
Rye-No. 2 rye closed at 53c. Receipts.
none; shipments, 2 cars
Barley-Feed grades 52057c; mailing
grades, 57464c. Receipts. cars; ship
ments, 2 cars
Hay-Upland fancy. ssas.5o: upland.
choice, $7@75O: No. /, S617; midland, s. %
46; medium, $5q6.50; timothy. choice. siG9
~ ~ rye straw, choice, $4Q45O. Receipts,
Daily Wheat Movement.
Receipts ShiDrnArts