The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-07-17
MINI EAPoLIS.

Minneapolis-A show of strength devel-
oped in wheat and very moderate adj
vance was made after the opening. The
market was without. good support how
ever, and acted weak after the effect of
little early short covering had spent it
self. and the slight advance was barely
maintained. Cables, both English and
continental, were down. The weather
remains favorable except for some slight
damage reported by storms in the North
west, Receipts continue fair and in the
winter wheat markets the bulk is new
wheat Liverpool closed 5000 lower
This continued dropping tendency in Liv-
in America but is influenced by general
conditions in Europe, which are reported
very favorable: Tuesday it was the Of
crop, which. was SO very favorable as to
the depressing in Liverpool. Yesterday
It was the number of reports covering the
RUSSIAN crop, Which is now said to be in
excellent condition. On Tuesdays dip
there was the opportunity for export
business. and some trades were actually
made: But yesterday Liverpool was
easier and American markets slightly
flrmer, and export bids were again re-
ported too low Bradstreets's report
showed decrease of 100000 bu in the
worlds visible, the quantity east of the
Rockies increasing by 100000 blu, while
the quantity gu dty IN IN Europe and afioat de-
ing the primary receipts closely and there
Is expectation of a slight increase in the
visible on Monday, against a decrease Of
Wheat and flour clearances showed
$4,000 bu Minneapolis had 159 cars,
against 129 last year; Duluth Sc, against
48: At primary points receipts totaled
S66; 900 bu, against 1,116,OOO last year,
and shipments were 1885, 900, against 49,
September wheat opened Mc UP, at
69A @69?$c, sold to 69S @70c, dipped to
693s Q69Mc and held steady. December
was little f1rmer at 695s D69%c. July
about the same as, Tuesday, around 100
1850. Near the close the market broke
again all around. September wheat sold
to 69Ye, closing at 69A @69asc; December
to 75Bc. Twenty loads We're taken at
New York for export.
The cash market was on. the basis of
lie over July for No. northern, &c over
September for No. 2 northern and &c
over September t5d nan for No w1eat. This
77hc, the bulk going on the firm early
option. No. northern sold at 1870
for good part, with the range from 74Ac
to 731ac, and the latter figure paid for
lots to arrive. No wheat sold at 72c
to 72%c. There was scarcely any rejected
on sale. No grade sold all the way from
aac down TO 65c and even lower for the
The following was the range of prices:
Wheat Open. High Low. Wed dl2TF Tues.
f See : :$5& e. SS@ 81 So $ sS&
July 16: No hard, 1880; No north
err, 762sc; No 2 northern, 725ac; No. 3
wheat, 719sc; oats, 47@48c; corn, 610Q
63hc; rye, SEC; barley, 55@67c; fax, S1s35:
flax futures, July and August, $1.S5; No
l northwestern flax, $40.
Flour-Business is fairly satisfactory on
the whole, and sales are running to about
the daily capacity. Tuesday some for
elgn business was booked, but yesterday
foreign bids are again too low The do
nestle trade is buying steadily and taking
a good part for prompt shipment. Ship
ments for the day Were so, 161 bbls. First
patents are quoted $1,000; second pat
ents, So. 70@3.S0 first clears, 81. 956S. 05:
second clears, $2.40@2 so.
Daily Wheat Movement.