The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-12
MINNEAPOLIS.

MINNEAPOLIS, March I-Wheat was
off again this morning. May sold down to
13120737sc on a general turn of liquida ton
following the analysis of the government
report and the reports of rains in Kansas
Texas and Oklahoma Traders were mix
ed in their Interpretation of the govern
ment report. Some took it as favoring
frmneSs, hence there were q few willing
to pay even a shade more than yester-
days close, and the opening on May was
at 74HM743sc. But the market held this
level only moment and then broke UNI
der the selling. The percentage of wheat
remaining in farmers hands is a point or
two higher than had been generally ex-
pected, III view of the continued talk of
feeding of wheat all through last fall ami
the early part OF the winter. Still, there
was counteracting effect from the corn
and oats reports, which, at 20 and 80 per
cent, respectively, show lighter reserves
crop in both cereals. On the whole the
market seems the better for the elimina-
ton of the crop report influence, and,
WITH the corn and oats men getting about
what they expected and the wheat men
knowing the worst, the market should
now be in better shape to respond to the
Influences of crop conditions that will be
the ruling features from now on. Local
receipts and primary receipts were again
light. Bradstreets reported a decrease of
1,525, 0C0 bu in wheat east of the Rockies
and an increase of 800, 900 bu in European
stocks, making a decrease of /, VO5,000 bu in
the worlds visible.
Primary receipts were 427, 600 bu, against
57S 0G0 bu and shipments I10UU0 bu against
294 coo bu. Wheat and -four clearances,
240 600 blu. Minneapolis receipts Were 100
cars, against 260 last year, and Duluth
had 1876. against 103.
The market was a little firmer at the
close. May closed at 73%c. July at 4sc
Chicago May closed at 76120767sc.
No. northern sold at a fraction closer
today. some going at Ac under May. The
general tone of the cash market was firm
and there was a good demand for the
choice lots. Some of the less desirable
ears, unsold until later, brought lower
option, but most of the good wheat sold
on the early range. No. l northern
brought 75075Ac and 75c to arrive. No
northern sold from 7312c to 74c. No.
wheat brought 7215173c Rejected and no
grade sold from G9c to 7112c for good lots.
The following was the range of prices:
Closing.
Wheat Open High. Low. Tues. Mon.
July ...... IS 1913 AZ Az 751a-A
Track-Of1cial closing quotations March
II: No. l hard, 76lAc; No l northern, 741 &c;
No. l northern, 741@c; No; northern, aS@
73Ac; No. white, 71A012c; oats, 42@43c;
corn, 5414G5614c; rye, SOC; barley, 5lG6lc;
fax, $1.72; flax futures. March, SIP; May,
$1.7S1%.
FIour-The market is fairly active but
the business was not quite up to yester-
day in volume. The weaker turn In wheat
made buyers hesitate to some extent. Do
remains steady. Shipments for the day,
.47.SS4 bbls. First patents are quoted $3.50
Q395; second patents, SS.7oq3.ao; hrst
clears, 50. 75G12.S5; second clears $2S5.
FIax-The market held firm at 112c I'M
der the Duluth May price as the trading
basis for No. 1. The bulk sold at $l.72.
Good demand ruled and offerings were
light, part of the receipts applying on
previous sales. Rejected sold at S1.67H.
Minneapolis received 10 cars, against
last year, and shipped cars. Duluth re
ceipts were II cars.
Closing prices: Minneapolis, cash, S1.l2;
to arrive, $172; March $172; May, $l.1312.
Duluth, cash, S1112; on track, 81. lA2; TO
arrive, $1711z
Corn-The market turned easier and
sales were lower, but receipts were 50
slight that there was little business done.
No. yellow sold at 55Au56Ac. Receipts,
4 cars; shipments, II cars
Oats-The market was firm on chotce
lots, but easy on the less desirable lots.
No. 3 white closed at 420t43c. Receipts, IL
cars; shipments, 4 cars.
Feed and Meal-CoarSe cornmeal and
cracked corn, 800. 25; No. 1 feed, $2l25: No
2 feed, $22.25; No. feed, $685.; granulat-
ed cornmeal in cotton sacks at the rate
of $3.50 per Dbl
Miilstuffs- in bulk is quoted at
$13 25Gl3.50 per ton; bulk shorts, $3.50;
flour middlings, $15615.50; red dog, $3.50;
feed. in 200-lb sacks. 81 per ton additional;
in 100-ib sacks, 81. 80 per ton additional.
Shipments, 1872 tons.
Kye-One car came in and there was
rore shipped. No. 2 closed at 55c.
Barley-Some No. sold at sec. The
market remains quiet. Feed grades are
quoted at 51@56c. and mailing grades, 57lb
63c. Receipts, 3 cars; shipments, cars.
Sc soar; No l. Sc 25G6.50; midland, S.; me-
dunn, $55OG6; timothy, choice, 81; rye
straw. choice, s4Q450 Receipts, 1870 tons;
shipments 30 tons.