The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-08
minneapolis and Duluth s grid S1 %a4t..,
MINNEAPOLIS.
Closing

MINNEAPOLIS, March THE wheat
market opened this morning with a new
influence in sight, that OF rain in the
Southwest. The outlook from the local
viewpoint was firm, with light receipts
here, good cash demand and an absence
of any material pressure. Liverpool was
firm. and closed sd to 14d higher.
A nervous and hesitating feeling arose
over the uncertainty in the Southwest.
The predictions were for rain, and 1t
was feared that a good downfall would
give ground for a bear onslaught. and
declines might follow. But the early ad-
vices showed no rains, although it was
cloudy elsewhere. About II O'Clock To-
peka, Kan, confirmed previous rumocs
of rains in that vicinity, and soon it
was reported raining in half dozen
places in Kansas and throughout South
western Missouri. The market showed
little effect. May having opened at yes
at -7s94c, now eased off to 731?c where 1t
stuck. Towards noon further advicaS
came saying the rains were not as heavy
as at first reported Chicago had nib
bic for some export business.
Primary receipts were very light. A
little buying began and May sold prompt
ly to 74c.
Argentine shipments FOR the week were
1,136.o00 blu, compared with 900 blu last
week. and 1,6GS, 900 blu a year ago.
Wheat and flour clearances equaled
10000 bu.
May sold to 742sc at the close and clos
Chicago May closed at TIC.
The indication is for q decrease Of
about 10000 bu this week in the local
markets.
Primary receipts were 1885, 900 bu com
pared with 652. 900 blu last year. and ship
ments were 100000 blu. against 5000 bu.
Minneapolis received 12l cars, against GAG
cars last year, and Duluth had Sc cars,
against 60 cars.
The Modern Miller, while very conserv-
atiVe, changed over trif1e from its pre-
vious tone of pronounced bearishness,
and for the first time took notice of ru-
mors of damage. The Miller says; Com
plants are being received of damage to
winter wheat by drought and high winds
in the Southwest and by freezing and
thawing in the Southeast, but as there
has been no growing weather as yet to
reveal the actual conditions of the plant,
the injury is more apprehended than ac-
tual. The average condition is consider
ed to be favorable. Exports Of the week
were 4,095, 900 tu. against 1924, 900 bu last
week and 4230,000 bu a year ago. These
figures, with the large showing from Ar
gentine, foreshadow heavy worlds ship
ments for Monday next, with probable
increase on passage.
Elevators were bidders for No. l north
ern to arrive at PC over May. The spot
No. / was taken up promptly by local
millers, and the bulk of it brought 1c
over May. Receipts are light enough to
make maintenance of the premium easy,
and m1llerS have been obliged to draw a
little wheat out of terminals for day or
two, even though the flour production is
not very heavy. No. northern IS in
good demand also, and sold today from
721ac to 731sc. No. wheat brought ia
@721ac, and there was a good demand
for the low-grade stuff on range of 66c
to 701zc for rejected and no grade.
The following was the range of prices:
u Wheat. Open. High. Low. Fri. Thurs.
M Mageh ::::::.:::.is5 Az i5 ~ 7 5s5
July ;. ............ rs 751S 74A 1875 70
Track = official closing quotations
efn, 74szc; No. 2 northern, 7234173Ac; No.
3 wheat, 71@7214c; oats, 42Q43c: corn, $50
&c; rye, soc; barley, 51G61c; fax, $1.6934 {;
flax futures, March, $685.; May, s1.1.
5 F1our-While the condition of the flour
market is slightly improved over week
ago, millers are still complaining of dull
ness. A little encouragement was drawn
during the week from occasional inqut-
rieS from abroad yet it is very hard to
basis, and much of the inquiry brought
no result.
Shipments for the day were 4S,025 bbls.
First patents are quoted trifie easier
at So 75G3.S5; second patents are quoted
: S3.65@3.75; first clears, $270q2.S0; second
clears, $2.35
Flax-A firm tone ruled in flax again
today, the same conditions of continued
steady demand and light receipts operat-
ing for stability. No. seed sold at &c
over yesterdays close. or S1.70 Rejected
sold at $1.671a01.6S. Minneapolis received
6 cars, against last year, and shipped g..
Duluth had car.
Closing prices: Minneapolis - Cash.
s1.69A; to arrive, $1.6sA: May. $1.69s4 /;
July, s11. DuIuth-Cash, S169A; on
track, $1.6914; to arrive, $685..
Coma steady market ruled. with
prices generally firm; no grade sold at SIC
and No. 4, SIC to 541@c. At the close No.
yellow was quoted 56@57c. Receipts, 6
cars; shipments, cars.
Oats-The market was just shade
easier in general. although yesterday s
full prices were obtained on few choice
lots. No white at the close was quoted
at 1890 Receipts, 16 cars; shipments,
l car.
Feed and Meal-Coarse cornmeal and
No. feed, so %; No. 3 feed, $23. %; gran
ulated cornmeal in cotton sacks at the
rate of s.. so per Dbl.
Millstuffs-Bran in bulk is quoted at
s1481425 per ton; bulk shorts, S14G14.25;
-four middlings, S15.50G16; red dog, 81;
feed. in 200-lb sacks 81 per ton additional;
in 100-lb sacks. 1.50 per ton additional.
Shipments, 1852 tons.
Rye-Rye was quiet and dull There
was 1 car received and car shipped.
No 2 closed at Sc.
Barley-The market remains very quiet.
Feed grades are quotable at 51@56c, and
mailing grades, 57@63c. Receipts, cars;
shipments, 2 cars.
Hay-Upland fancy 81; upland, choice
Sc. soar; No. l. S. 25G6.50; midland S.; me-
dunn, $. 5066: timothy. choice, s11: rye
straw, choice, S464-50. Receipts, 143 tons
shipments go tons.
State Grain Inspection.
-Northern-