The Saint Paul globe., 1902-04-26
MINNEAPOLIS.


Nj AINNEAHOLlS, April 20.-Whe broke
another cent this morning. July sold
down TO 745sq74Mc. This was PIC off
from 771sc, the strong close of Wednesday
night. There were rains and heavy rains
where badly needed, and the entire West
ern country was pretty we'll covered In
Kansas, however the precipitation was
light. With twelve Missouri points and
tWenty-one Kansas points reporting rains
yesterday, the map this morning showed
much lighter totals than expected The
bulls pinned a little hope to this as the
advance was primarily on the bad Kansas
outlook, and, to this morning the worst
oisllcts Were stun without good relief
although the rainfall was extensive
Sentiment, however, had undergone a
complete change. and there was an utter
lack OF support. In place of the nervous
ness and fear of destruction Of the Kan
SaS crop, there was the feeling that the
long-needed spring rains are here at last.
and the entire area will shortly be wet
down in all sufficiency. Gables were off
Liverpool closing 11sd lower. Minneapclis ]
May wheat held after the break TO 731lc
partly for the reason that Chicago Nav
at that time was about 14c under Liver
pool, @!ich meant that it would be pos
slhl+ 20 do export business, provided, Of
coKSe, foreigners were disposed to buY
There are still a few bulls left in thr
market; although the average trader has
turned about. 1t will probably be diff
cult to revive the bullish enthusiasm now
| that the rains are on. Still the fact that
1
the weaker holders are out Of the market
that there is the possibility of export bus
mess, and that the short interest is large
| and Of a class quick to run in makes the
| bulls feel that it is not unreasonable to
expect moderate reaction, and that from
this price level 1t is about a stand-off
either way. Meanwhile much depends
upon the later reports as to what extent
Kansas has been benefited.
Argentine shipments for the week were
1,S50,0Ce bu, against 1,0S0,0e0 last week, aud
1852, 000 a year ago.
At primary points receipts were 154 COO
bu, against 358,G30 last year. and ship
ments 2A, GEO, against 232, 900 Wheat and
flour clearances equaled 49, 0e0 bu Min
neapolls received. So cars against 2C6 last
year, and Duluth had 16 against p.
| BradstFest s. figures show exports Of
:. 10000 bu for the week. against 4.11SCGO
bu in the previous week, and 4,2S2. 600 bu
! a year ago.
LEGAL stocks viii Gec~ca-e by abO3t RIO .
900 bU this week
Near the close the market broke again.
May going to 73c and July to 743sc At
the close May was quoted 73B@73Ac. July
741zqT4asc, and September 73 c. Chicago
May closed st 741sc, July at 7514 1752sc
Heavy trading in No northern to ar
rive was the feature Of the cash market
Round lots were bought at 7324c, 737sc and
74c. Some business was also done IN
NO to arrive, but not Very much. The
spot No / sold at 7514c and spot No 2
from 1886 to 743sc. No. wheat was in
fair sale from 7294c to 7312c Rejected and
no grade ranged from CSC to 72Ac.
The following was the range Of prices:
Closing.
Wheat Open Fl gh. Low. Fri Thurs.
Nay i ..:..:.. 734 784 d 75h 75h 81: 81:
July ............. 75A 75A 74A 743s 757a
- -Track-Oficial closing quotations April
%; No. hard wheat, ne; No. l northern
wheat, 7412475c; No. 2 northern wheat.
tl5Ac; NO 3 wheat 7124q7.&2c; oaJs, 421aG
&c; corn, 5912W62c; rye. 5312c; barley, 5s0
6Sc; FAX. $l76; flax futures, April, ST. 1872
fIour-Prfces are off a little this morn
ing The decline in wheat meets with
moderate response in -four The mills re-
port some increase in orders from domes-
SSanIpments Tor the day were 40,377 bbIs
First patents are quoted $4m4 IO. serond
patents, S. S.S5@395; first clears, $3.50; sec