The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-06
MINNEAPOLIS.

May wheat, minneapolis TBS 733s
July wheat, Minneapolis ...749s-A 7415
May wheat, Chicago .7G3s 1854
July wheat, Chicago .......7634 1878
May wheat, New York ......S2i4 81
July wheat, New, York ....--82A S1B
May wheat, Duluth ........75 74%-k
July wheat, Duluth ........T6 1854
May wheat, st. Louis .......8334 S3A
July wheat, st. Louis ......-767s-h 76A
MINNEAPOLIS, March 5.-Only 50 cars
of wheat came into Minneapolis today.
This remarkably light run was a leading
incentive to firmness, and from yester-
Gay close at 137sc, Minneapolis May
opened at l3Ac and sold UP to 1880. This
showing of strength was discouraging to
the bear contingent.
a majority of the trade had expected
further weakness. With weather condi-
lions favorable, a let-up in bullish crop
talk from the Southwest, and a general
lack OF speculative activity, the market
has dragged along in manner indicat-
ing that declines might reasonably be
expected on any material selling pres
sure But, in a speculative way there
has been little pressure for a day or
two as there are not many who care to
sell short at the present range in the
face of crop report uncertainty.
Meanwhile the dropping off IN receipts.
removes the pressure Of Sucn selling as
would naturally follow a heavy or even
a normal run, and the bears are begin
ming to think that the market will not
Sc-S A4luCH DSlOW the present l6NGl no
matter how favorable the Southwestern
crop outlook, until the bearishness can
be crystalized and the market hamme--
ed down by heavy speculative offerings.
With continuation of favorable crop
conditions this is pretty certain to hap
pen some day. But the trade does not
look for 1T to happen soon, nor for much
bearish aggressiVenesS until after the
government issues its estimate of farm
ers' stocks of March ], which report
should be ready to give out on Monday
next. There is as much opinion that this
report Will be beariSh as that it will be
bul!ish. There is the same uncertainty
that always precedes the issuing of
government report.
But the bear, who ordinarily would not
hesitate under present conditions to COM
NIT himself to the short side, realizes
that he would have to take the double
chance of the government report having
bullish influence, and OF possible un-
favorable turn l. crop conditions, and
hence he hesitates. The general feeling
might be put as one of moderate bear
ishness, tempered with extreme cautious
ness.
There was little change in weather. con-
ditions, and temperatures are generally
sedscnable. Nothing especially new came
in regard to the crop, but there was
Kansas City wired that reports of bad
conditions are so continuous, and farm
ers coming into Kansas City speak so
discouragingly of the prospects that
large houses there are starting their men
out through the country to see If there
is enough damage to warrant the general
~pMtS neSs.
Receipts at primary points were 406. $50
blu, against GOT 900 last year, and ship
ments $4,000 Blu against 24S,000 bu. Min
neapolls received 80 cars, against 23S last
year, and Duluth had 121 cars, against SO.
Liverpool closed 1sG higher
Ciedrances were heavy-611, 600 bu. New
ORR reported y loads for export. Near
the close there was recession from the
nigh point, May closing at 733sc; July
74Gd74%c; Chicago May closed at 763Bc
CaSh wheat was in active demand and
ruled higher all through. Receipts were
SO light that there was not enc = to
go around. and millers who wanted the
choice milling lots had to bid for .hem
40; northern, Of which there was very
little IN sight, sold at Pc over May, and
at this price to arrive, while on later
trades to arrive there was some business
done at full 1c over May. No north
ern was valuable from &c to 1bc under
May for the choicest, and Showed range
of 1zAQ12$4c. while ordinary No. 2 sold
at &c No wheat brought 701bc to 713sc.
made at 65c to 70c.
The following was the range Of prices:
Wheat. Open. High. Low. Wed. Tues
5 $SS ii ii i 81 ~ ii IS Is e # #s$
Track-Off1cial closing quotations March
3: No. 1 hard wheat, 1875; No l north
ern wheat, 1850; No. northern wheat
!d1BWl29sc; No. wheat, 703sG715ac; oats,
4zQ45c; corn, 54A@5l14c: rye, soc; barley
Sl@6lc; flax, $1.69; flax futures. March
$1.69; May, $17O
f'lour-Cables were little better today
on nour, and the outlook for export busi-
ness IS improved. In general the market
Is in the same quiet tone with a mol
crate demand ruling and domestic buy
ers stil hesltant. Prices are steady as
quoted.
Shipments for the day were 50. 946 bbls.
FIRST patents are quoted at 3d. 85G3 IS;
second patents, $3.7513 IS; first clears,
w. I 43qZ.S9 2, second clears. $40.
very quiet. There was a fair demand
and the light receipts We're readily alb
soFped. Two cents under Duluth May
was the basis and s1.6S the average prise
Tor NO. / seed. Minneapolis received ii
cars against 10 cars, and shipped 4 cars
Duluth had y cars.
:. closing prices: Minneapolis Cash,
s1'; % TO arrive $l69; March. s1G9; May,
to arrive, $16S1@; May, $1.71,
Corn-It was another day of extremely
llght receipts in coarse grains and there
was scarcely any corn on sale. No grade
sold at 53l2c for one lot and at SIC for
another. At the close the market was
1irmer, and No. 3 yellow closed at 55HG0
oIt4c; receipts, cars; shipments, cars
Oats-Considerfng the light receipts
there was a fair trade in oats No. 4
white sold from 4114c to 42c, and no grade
at 4O1zc. At the close No. white oats
were quotable at 42Q43c. Receipts, cars;
shipments, cars
Feed and Meal-Coarse cornmeaI and
cracked corn, $20.25; No. feed, $21 Is; No.
2 feed, $2225; No. 8 feed, $2325; granu-
lated cornmeal in cotton sacks at the
rate of $3.50 per Dbl.
Acknowledgement market is quiet and
without new feature. Bran in bulk IS
quoted at $14G14.2 IS per ton; bulk shorts,
Sl4Ql4.25 flour middlings SIS. 50616; red
dog. ST. feed in 2O0-lb sacks, 81 per ton
addidonai IN lOo-lb sacks, $3.50 per ton
Rye-Rye was quiet and dull There
was l car received and 2 cars shipped.
No. 2 closed at 55c
is very quiet. Feed grades are nuotable
at 51@56c, and mailing grades, 57063c.
Receipts. 2 cars; shipments, 4 cars.
Hay--Upland fancy 81; upland choice,