Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1902-03-03

n; NJ n; $ss: 81 ssk q H.
MINNEAPOLIS.
May Wheat. 49,. 7SA 73M 73 R7Sh S
MINNEAPOLIS CASH.
Flax, s1.esN. No hard, 74S.; 4 Mol northern,
1875; No. 2 northern, 719s-718. sE @ <3 14
. DULUTH CASH,
Flax, $1.6S; No i hard, 1914; No. northern,
73A; No.2 northern, TOE.
TEEEGRAPHIC MARKET LETTER
Minneapolis, March NJ 9. W heat
cables came a quarter lower this
morning indicating that foreign houses
felt more friendly to this article than
the home crowd on Saturday. The
weather map shows some Improvement
but no moisture reported where most
needed. The March crop report is in
clined to be bearish, stating as it does
that Kansas wheat is in prime condi-
tion, but this is contradicted through
private sources. Flowing has begun
in southern and central Kansas show
ing at least normal conditions. Many
fields are covered with ice which can
not help resulting in serious damage
to the plant Receipts here and Du-
luth were double those a year ago. The
visible showed only small decrease
292. 900 hels-about the same as last
year. Conservative estimates place
the amount of wheat fed in the state
of Kansas alone at 45 million bushels.
The crowd are inclined to take profits
on long stuff on fractional advances,
but their offerings are, instead of be-
ing burdensome, suggestive OF an en-
largement Of short account which must
soon be covered. See nothing ahead
but scalping market, but would pre-
fer the long side on breaks for the pur-
pose. Il
Corn made feeble effort to firm up,
but as the elevator interests hedged
against their sales Saturday deferred
increasing their lines until further as
surance Of a good continued cash de-
mand. Stocks are light and any signs
of activity easily gives the corn pit a
feeling Of confidence, whereas dullness
does not permit OF much decline. On
small recessions would take on corn
and hold.
fi Oats we're inclined to weakness ow-
ing to their bulge Saturday. Shorts
were nearly all run in, and while they
may drop somewhat further believe
they should be bought and held. Farm
work promises to be early and every
available foot Of ground will be util-
lied. Lohrke and Hubert sold May
while McReynolds was a seller. of July.
Provisions started d shade filmer on
light run at yards with a better price
for hogs. Later on packers offered
quite little Of the product and found
buyers scarce. At. concessions, how
ever, good demand sprung UP and Of
ferings were withdrawn. Expect a
nice scalping market for couple Of
days. 49,
New York, March 3 Foreign houses
had very few orders in hand this morn
ing which with slightly lower values in
London retarded business early. The
Keene crowd are less active than a
while back but will shortly be in the
first bull movement which seems now
to be forming. The sentiment ap-
pears to be somewhat bearish on cop
per but we, notice the quotations do
not bear out this argument. They are
undoubtedly taking on a load at their
own prices. Brooklyn Rapid Transit
is in good demand in the loan crowd,
indicating still a large short interest
uncovered Missouri Pacific was de-
pressed on account of the death of Mr..
Marquand. who held considerable of
this stock. It was expected that this
stock would be thrown upon the mar
ket but was not The earnings for
the third week in February show de-
crease Of $s2, 900. Atchison seems to
hold well. On all dips good demand
appears. Their earnings for the
month OF January shows a net in
crease of $$241. .102, compared with
those of last year It has been gem
erally expected that the earnings Of
the Changers would show up un-
\ faysorably Y owing to excellent showing
made last year, but in this the hears
I are meeting with a big disapp appointment.
We expect 70 sell much greater Inn
proyement.
CLEWS WEEKLY LETTER.
New York, March 8. Activity In the
market has been much restrained BY
the fact that both the United States
government and the state of Minnesota,
have determined to test the legality of
the consolidation methods now being