The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-09
MINNEAPOLIS.

Closing.
Sat Fri.
May wheat, Minneapolis ......745s 74A
July wheat, Minneapolis. .......75A 75%
May wheat, Chicago. ........77M tn
July wheat Chicago. .7S1s 774s-%
May wheat, New York. 1885 33M
July wheat, New York. 1895 S3A
May wheat, Duluth. 1914 rs
July wheat, Duluth. Tx 76B
May wheat st. Louis. ........... SAG S413
July wheat, st. Louis...........7712 771sA
MINNEAPOLIS, March S-May wheat
sold up to 75c today. Market was strong
activity than for some time. So far as
the early news was concerned there was
not much to give new strength. and there
was some doubt felt as to whether yes
terday's. gain would be maintained. For
one thing, cables were Disappointing
Liverpool closing only bc higher. The
market opened Ac off at 74c But there
was an accumulation of buying orders IN
the hands of commission houses.
The continued rumors of damage in the
SouthWe est have not been without effect,
and with the firm tone in the Southwest
ern markets of the two previous days as
evidence that there was some faith in
these reports, many who were hesitating
decided to buy a little wheat. The most
uncertain thing IS the forthcoming gov
eminent report. No one pretendS to make
even a good guess at 1t, but the impress
sion is somehow gaining that it will be
bulliSh.
Those who bought wheat today figure
that they have to take the chances of
large rainfall in the Southwest over Sun
day. Yet, even with this, they feel that
there will be some strength remaining on
the damage reports already received,
while a bullish report from the govern
ment might offset drought relief
On the other hand, if next week enters
without any rainfall over the far South
west the trade will be running close up
to a drought scare, and should the gov
eminent report of farmers reserves be
bultisk as We'll, there would be d0uDle OPP
portun!ty for an advance. The week
closes therefore, with the market hang
ing on these two factors.
The weather nap this morning shows
no precipitation in Kansas, Oklahoma or
Texas. There are light showers in Mis-
souri,. Good rains are shown in illinois,
Indiana, Ohio, Tennessee and Kentucky.
1t was cloudy in the extreme north at
a. m. Partly cloudy in the Dakotas, Min
nesota Nebraska, Iowa and Kansas. 1t
was clear in Texas and Oklahoma. Tenn
peratures are normal for March. The
map is a favorable one, except as to the
Bramhali cabled: The Liverpool mar
ket opened steady in tone with advance
of 4d to sd due to American crop ad-
| vices. At the close the more distant OPP
| lions had lost this advance on reanZlng,
While March had also eaSed off 1sd. Corn
| at the opening was unchanged to Ad
| higher on covering by shorts and later
| steadied further Ad on the Forecast Oh
| small shipments during the week
I The expectation is for worlds snip
ments of S5C0,OOO blu on Monday. Aus
traIian wheat shipments this week were
/ 896 600 blu, last week 100000 blu, last year
$4,000 bu Local stocks decreased by
AGA, 453 bu, making the present total l5,-
974 blu.
Primary receipts were 43S,OOo bu,
against $4,000 blu last year, and snip
ments 126,000 blu, against 2l6>,0 bu. wheat
and flour clearances equaled $4,000 bu
! Minneapolis had 2l7 cars, against S74 last
! year, and Duluth 102, against 50.
aryet Sia a close
on realizing. May closed at 747sc, July
at T5a4c. Chicago May closed at 77a4c.
The cash demand was very firm with
prices fully UP to yesterday, and on
choice lots a little better feature of
the market is the lack of offerings of
wheat to arrive. No. l northern on spot
was taken up promptly by millers, the
basis being 1c over May for anything at
all good. No. northern sold from 731&c
to 7412c, following the option in part,
and sales of No. were made to arrive
at 7412c. No. wheat ranged from nAc
| to 73Ac and rejected and no grade from
| 6512c to 71Rc.
The following was the range of prices:
Open. High. Low. Sat. Fri.
nay NAY i s. & s. s. S $ 81 81
Track-Of1cial closing quotations March
No; Q northern, 7S7sc; No. wheat, 72as
@727sc; oats 42m4212c; corn, 55@57c; rye,
55Ac; barley, 51@61c; fax, s17019; flax fu-
lures, March, $1.7O1z; flax futures, May,
| $1.nk.
FIour-The upturn in wheat today
started activity in -four, but it was too
late in the day to have much effect. Mil
| lers LOOK forward to a good inquiry on
| Monday if the firm tone continues, as
there are many buyers holding off who
viii probably come in. Prices are frmer
at the close today. Shipments, 98,021 bbls.
First patents are. quoted at $3.S5g3.95;
| second emf fret oil
| 81. 75Q2 IS; second clears. $2.35.
Flax-The market was UP again today,
selling nc over yesterdays closing fig
! ure, or at 81 n for good No l seed. There
] was good demand. Local receipts were
! II cars, compared with IA last year, and
| We're shipped. Local stocks decreased by
| 14,616 Blu during the week, and the pres
ent total is 1,127,9 1868 blu.
Closing prices: Minneapolis, cash.
$1.701z: to arrive. $1.7015; March, ST. 7Ol9;
May. S.71A. Duluth, cash, 1888; on track,
$1.69; to arrive, $1.69; May, $1.7434.
Corn-There was a firm and steady
market No sold at 541ac and no grade
| at SIC. At the close No 3 yellow was
quoted at 56657c Receipts, Is cars, and
shipments, 3 cars
| Oats-There was fair trade in oats,
| and no price change of Importance. At
/ the close the figure was shade easier at
| 4204214c for No white. Receipts, e
cars; shipments, cars.
Feed and Meal-No changes of impor-
| lance are recorded, but the market is
| firm. Coarse cornmeal and cracked corn,
| so. rs; No feed, $21 .25; No. 2 feed, So. Is;
| No 9 feed, s23 %; granulated cornmeal in
| cotton sacks at the rate of $3.50 per Dbl.
Millstuffs- eakness rules and prices
are lower all around. Bran in bulk is
| quoted at $13. 25G13 80 per ton; bulk shorts,
| 1880; flour middlings, $l5. OILS so; red dog,
| S16.50@17; feed in 200-lb sacks, 81 per ton
! additional; in 100-lb sacks, $50 per ton ad-
| additional. Shipments 1850 tons.
Rye-Rye was quiet and dull. There
We're 2 cars received and none shipped.
| No. 2 closed at SIC.
Bariey-The market remains very quiet.
Feed grades are quotable at 51Q56c, and
mating grades 57@6Sc. Receipts, cars;
shipments 2 cars.
Hay-Upland fancy, 81; upland choice,
Sc. 50G7; No. 1. S. 25@65O; midland, ST. me-
| dunn $5.6Gd6; timothy, choice, ST. rye
| straw choice, s4Q4.50. Receipts, 218 tons.
state Grim inspection.