The Saint Paul globe., 1902-02-25
MINNEAPOLIS.
Closing.

Closing
May wheat, Minneapolis ..72B-& 74A
July wheat, Minneapolis ....4 1-l6 7512-5s
May wheat, Chicago ........755s-A Il12-9s
July wheat, Chicago ........757s-76 g
May wheat, New York ...... oI5s SS12
July wheat, New York ...... S1$s o514
May wheat, Duluth ........., l412 90
July wheat, Duluth .......... 1875 II
May wheat, st. Louis .......Sl l-l6 ea3s
July wheat ST. Louis ..... 74A 771s-A
MINNEAPOLIS, Feb 24.-Wheat took a
sharp down turn to start the week. May
Sold off to 131sc. Pressure was on the
market from every side, the regular
weekly statistics were against the price,
the preponderance Of the winter wheat
news was beaT1sh, and the general feel
ing was one of diSc0urag cement Although
1t was expected that the tone on Monday
would be bearlSh, and to some extent
this was discounted in the selling which
forced the decline on Friday, there were
good many holders who decided to re-
main long over the double holiday.
Against their holdings stop-loss orders
We're placed, and this brought a food OF
offerings at the opening. Chicago led the
weakness. Much interest was attached
TO winter wheat reports, as the recent
warm weather has taken off the snow
covering over wide areas CrawfoI dS-
vile, Ind, was the only point reporting
untavorably, and this was lost in the
mass of favorable reports. Omaha wired
that the wheat comes out from under the
snow looking very promising that
rough estimate makes the acreage 25a ner
cent larger than last year; that farmers
are talking of planting cons derable
spring wheat, and that everything at this
time points to a big crop. Damage may
come to winter wheat, but the trade does
not expect it for some t me. There is
enough moisture, according to all reports
to carry the crop safely through a dry
spell
In the local market there were 746 cars.
compared with 1913 last year. The North
west had in all 9S6 cars, against 524. IL is
hard TO see much encouragement for the
bulls at this writing. There are no doubt
a good many short lines out and on any
strengthening news the buying in may
carry the price up sharply. Then there
IS the increased possibilities Of export
business at the lower level Sentiment.
however, has turned weaker than for
some time, and while it may be a mistake
10 place too much confidence in the win
Ter wheat at this early date, yet the idea
is slowly taking root that we are to haye
a Dig crop In the Southwest, and with
tnls notlon growing and the probability
of increased receipts eyerywhere If is
questionable whether enough blIyiner sun
pressure. N
: w MorIds ocn shipments for the week were
t,9z9,O09 Du, compared with 6.411GO0 last
week, and 5,936,G coo a year ago America
slIllped 5,609 000 bu. Russian shipments
we're l,Sb0,Ogg bu. Argentine shipped GAS COO
~; III; Austfalla, 6SS,0O0, and India 552. 600 bu
;lof dne amount on passage increased by 4SO.-
oOc pu. The visible decreased 1,G21000 BIZ
making the present total 54, 3S5, coo bu. Pri-
@ 81 go FPeceipas P agd were a9o6ooO bg agsinst
agalnSt o66,00O bu. CleaTances Of wheat
ana Hour. 10000 bu. Receipts here 746
ears, agalnst 49S, and at Duluth 199
After noon there was a little effort at a
rally IN wheat, but corn was persistently
weak and declining. Chicago made a final
neapolis May going to 725se. At the close
minneapolis May was 72%s@72AG July,
'4Gi SI, Chicago May, 755s@7594c.
,,-;+il ne cash market was weak and lower
Win the option, but the basis of trading
showed no special change. No. 2 wheat
II Great Northern cars dragged again
~ out me other lots of No. 2 went freely
az abcut Dec under May. On the whole
~ was a satisfactory cash market con-
Sfderlng the large receipts and the lIn-
setIed option. No. wheat showed a
sblge sbnE5ts1 OF 6s12c to 13sc, and other grades
s7oWed sales at scattered prices.
The sharp slump in wheat stirred in .
Httie ,e actlVlty IN -four, yet there was no
1ndage OF Importance IN the general sit
Qeellne would probably start demand
from many who have been hoIdino off
dhere d59 was not much evidence of this to-
report is dull as last week. M oTine
leductlons We're made to noon, and while
the tone is easier the figures are ouoted
unchanged from Friday.
Shipments for the two days SATURDAY.
and Sunday, were 77,0S1 bbls.
r1fSt patents are quoted $3. .S5GD3. .95: sea
9H0 6o patents, $S75q3. .S5; first clears, So. .15@
o.6U; second clears, So. 40.
tIax-The market was easy- in svmna-
tny with weaker turn in all markets
out there We're no lower prices made ex3
e "a * * IraGitlonaa declines. As against
frlday closing. price of 1859, No / flax
To-Day sold at $1.69G1. .6915 Rejected sold
at Si.oS1s and down to $1.67. There was
a falr demand and receipts were moi
quoted so large as was expected thew
would be over the double holiday HE.
vdtoFs are taking in some fax right along
and comes out again promptly.
Minneapolis received SO cars and shinne5
Duluth had % cars. O('i .
Closing prices: MinneanoIis-Caeb e. 60.
to arrive, $1.6S; February. 81 IS. Nav 81 e9'
Duluth-CaSh, Sl67; on track, 81 6S. ia ar
rive Sl.6S; February, $167; MAY. Si.701S.
eaI,1rl 1IoIn-Ihe market was weak and lower
LoltoWlng the option. Receipts were 1arg-
er than for some time and increased Of
Ier1ngs helped the depression. No. vel-
low Sold on some trades at 541sc hT+ +his
va mas not optalnable later There was a
Mldely scattered range Of prices. No
yellow closed at 511z0D531bc Receints -
cars; shipments, cars
OatS-Oats were weak and lower all
~ ar ro1no; no. white sold at 41c and at
4V72c. AT the close No. 3 white was QUOT
ed at 4013@A1ac. Receipts. 10 cars. shin
ments, cars
eed and Meal-Declines were made all
aTound and prices are easy as now QUOT
60. e coarse cornmeal and cracked corn.
Szo; NO: 1 feed, $21; No. 2 feed. 500: No (
reed, $23; granulated eornnleai in cotton
SACKS. at the rate of 81. so per Dbl.
lstuffs-MillerS are Quoting unchane-
go, although there are some lower prices
neard occasionally on the outside. Bran
IN buik IS quoted at SIS per ton: bulk
shorts, SIS; flour middIings, SIG. 25a16 x.
red rt dog, $l7ql7. so; feed in 209-lb sacks,
$l per ton additional; in 1G0-lb sacks. S1 5o
per ton additional. Shipments 700 tons
Barley-There was fairly satisfactory
demand. Feed grades are quotabIe AT 53
@96c, and mailing grades, 57n63e. Re-
celpts. Y cars; shipments 10 ears
Rye-No. rye sold at 55c. No. 2 closad
at 5oc Receipts, cars; shipments. 3 cars,
Hay-Hay receipts made the rflasfgef
easy ana prices as quoted are the ont
slde and obtainable only for choice. JJp-
land, fancy, $7.5007.75 upland. choice, 81 *
@l5s; No. S6. 7507; midland. $s.s5a65a;
medium, $5.5o06; timothy, choice. S11d11. 80
rye straw, choice, $4@450 Receipts. 4es
tons; shipments 40 tons.
State Grain Inspection.
Northern
No.1hd., No /. No. Nos Rel. N. @.
G., M. & ST. P. Is Is
M. 81 st. Il ....