The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-19
MINNEAPOLIS.
Closing.

May wheat St Louis ..S155 S2iS-S2H
July wheat st. Louis ....742s 745s
MINNEAPOLIS, March 1S.-There was
a nervous opening in wheat this morning
following yesterdays decline, ana indie
clslon marked the early trading. Senti-
Inent was hFmer. The trade figured that
favorable conditions as to the growing
crop nave been pretty well covered by the
late declines, and with the market down
this morning to the lowest point vet
touched on this decline, or 721sc for May
| there was the feeling that something Of
at least temporary upturn was que.
Still there was not much buying. Very
few care to take hold while liquidation is
still on.
Undoubtedly there was considerable
wheat bought late last week on the CX-
pectation OF damage reports to follow the
cold wave, and on the failure of the de-
velopment of anything serious, and the
general lack of bullish enthusiasm, this
wheat went overheard Yesterday and
broke the market.
This morning there were signs that all
this wheat had not yet been cleaned up,
and the pit traders feared that further
pressure was to be expected, and that
even il they had confidence in wheat at
present range, it was the part of prudence
to wait a While. Hence there was rot
much new buying, and on moderate sell
ing pressure a new low point was touch
ed. Whatever may be the range a week
or two hence, or however true it may be
that all grain markets are seeking lower
levels, there seems reason to expect stead
mess for the remainder of this week
with possibly even d little better price.
Receipts are about as nghL as for the past
several weeks.
Statistics do not cut so much figure just
at this time. Interest lies primarily in
the winter wheat crop. The Price Current
and the Modern Miller are the authorities
most quoted at present, and both have
been reporting favorable crop conditions,
while the Miller has been extremely bear
iSh for several weeks Presumably the
best has been heard about winter wheat,
and a repetition of the favorable reports
in this weeks issues could hardly be ad-
ditonally depressing, except in so far as
they would show the crop one week fur
Their along towards final maturity.
On the other hand, should the Price
Current find any less favorable outlook In
this week s report the effect would be to-
wards price firmness and should the
Miller which has persistently denied the
truth of damage reports right along, adj
init any damage in it's next report, it
would almost certainly have some slim
. ulating effect. Since we are just going
through a period Of alternate freezing
and thaWing in the Southwest it is not
unreasonable to expect that damage re-
ports will be forthcoming from reliable
sources this week. if there are to be any
such at ALL
Rising temperatures are general. The
prediction is for partly cloudy and warm
er for the DakOtas, and warmer for Ne
braska and Kansas.
Liverpool closed 3sd lower Oh wheat and
Ad lower on corn.
The Bradstreet figures show decrease
in the worlds visible of 3,549,000 bu This
compares with a decrease of 1,O25, 100 bu
last week, and 773 600 bu year ago The
quantity east of the Rockies decreased by
L. 100000 and stocks in Europe and atIOat
fell off by 2,349 coo bu.
Primary receipts We're 4Sl. 600 bu, against
48l,OOO last year and shipments 10000,
against 100000 bu. Wheat and flour clear
aEces equaled $4,000 blu. Minneapolis re-
ceived III cars, against 1893 last year, and
Duluth had 265 against "a.
The market closed steady and tirmer at
7298c for May. July closed at 1874 dI378c,
ard September at 7z1sc. Chicago closed at
75c.
No special trade was noted in the cash
market. No. l northern held at lc over
May for good lots, and No. northern
went at about 12c under. No. wheat
sold from 7012c to 70#c for the average,
some very choice No. touching NE
Millers were not quite so active in their
inquiries, although they took the bulk OF
the good offerings.
The following was the range of prices:
Open. High. Low. Tues t9el Mon.
5 NAV s. s. 81 st 81 81; S s: s:
Track-Official closing quotations March
Is; No; l hard wheat. 757$c; No. l north
ern wheat, l3as073Bc; No. 2 northern
wheat, 711sc; No. wheat, 70$s0711sc; oats,
Angelic; corn, 5578Q5714c; rye, 541lc; bar
ley, 52@62c; f1ax,$L74; flax futures, March,
$1.74; May. STA.
Flour = General demand is better al
though there is no special increase in for
elgn inquiry. Prices are firm as quoted
The outlook is for fairly good week
Shipments for the day were AZ, 2Ol bbls.
Quotations: First patents So S0Gt3 90:
second patents, $3.7O03.8O first clears,
$2S5Q295; second clears, 81. 35Gt2.45.
tlaX-The market showed no especially
new feature today and held steady at
prices about the same as yesterday De
livery on contract again took a good part
Oh the receipts and only few cars were
found the tables. No. | sold at 81 "a
al f412, and rejected was quoted nomin-
ally, $l.T3, but on sale brought $1.721a.
Minneapolis received cars, against Is
last year, and shipped cars. Duluth had
IL cars.
:, Closing prices: RHnneapolis-Cash
a.74; to arrive, $1.74; March, $174; May,
Sl74; Duluth-Cash, $1.73; on track, S1.73;
20 arrive $l.f3; May, $L75; September,
Corn-One car Of No. 4 at 551bc and
car OF ear corn at sec constituted the
business reported at noon. Receipts were
too light to make a very active market
No. yellow closed at 1405714c Re
ce1lpts, cars; shipments. q cars.
limited in volume, however, by the ex-
tremely light offerings. At the close No.
3 white oats We're quoted 411@@421ac Re
celptS, cars; shipments, 10 cars
Feed and Meal-Coarse corn meal and
cracked corn, Spots; No. ! feed, $21. 70: No.
2 feed, $22.75; No. 3 feed $23.75; graduated
corn meal in cotton sacks at the rate OF
$3.50 per Dbl.
Millstun-Bran in bulk is quoted 1925
@!350 per ton; bulk shorts $3.50; -four
niddlings, $l5q15,5o; red dog, $3.50; feed
in 200-lb sacks. 81 per ton additional; in
l00-lb sacks. $3.50 per ton additional. Ship
ments 1,552 tons.
Barley-Feed grades are quotable at 80
eepts, none; shipments tsugs' caP psao''' re
Rye-The market was a trif1e weaker;
No. 2 closed at sac. Receipts, 2 cars;
shipments, none
Hay-UpIand fancy, s707.5O; upland,
choice, $6.50Q725: No. l. $3.50; midland Sc
ass; medium, $5.75Q6; timothy, S11@11.50;
rye straw, choice. s444.5O. Receipts, -
tons; shipments, p tons.
minneapolis Curb.
Curb on May wheat ....7 2H az
Puts on May wheat ............72
Calls on May wheat ...........T25s-34 to q
State Grain Inspection.
Northern No