The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-10-12
MINNEAPOLIS.

Minneapolis-Th bulls had good
chance at wheat and in the early trades
Der sold to 6S1Ac and May to 69%c. The
market held strong, making the final high
point near the close: There was the usual
amount of selling Friday On the govern
ment report anticipation, and trading
opened yesterday with a fair sprinkling of
sorts in the pit. 1t needed only the buy
ing following bull Interpretation of the
report by some Chicago estimators to
harden the market, and on continued light
receipts early export inquiry at Duluth
and prediction for cloudy weather there
was tendency to cover on previous short
sales; nor was there any marked tendency
shown toward new short commitment
even after the advance. The good flour
business and the good cash wheat demand
heIped the options. Clearances of wheat
and four-equal to 755, 900 bu-were a
further help.
Perhaps the most surprising feature Of
the government report is on the yield of
OF 98S, 0O0,0 900 bu. The figures on corn are
fully as high as expected, and. according
TO the estimate &C Of Harris, Gates & Co,
1925, 600, 600 blu. The crop of coarse grains
is by far the largest ever raised in this
country: The estimate on wheat-winter
ana 6 sprlng-has been raised nearly O,0OO,-
600 bu since month ago. The crop of
spring wheat is now roughly estimated at
246,OOO, 900 bu; winter wheat, $50, O00. 900
bu; There, is nothing in these figures in
lat1ve purchases. The action of the mar
ket was a good Illustration of the tenden-
cy often seen to move just contrary to the
ordinary influences of government re-
port.
The primary markets had l. 1913. 900 bu in
all, compared with 1,025, 900 bu last wear.
and shipments from primbary points were
sos, 000-bu, against $50 900 bu The North
west had IA cars less than last year. 704,
against 84S Minneapolis made another
loss, with 464 cars, against $40, Duluth
gaining, with 1884, against 164. Liverpool
stocks decreased by 41,700 bu, leaving
1,349,726 bu in store here.
Wheat to arrive was in good sale again
and No. northern to arrive from 67sac to
Csc. The spot stuff went at .691b 0cG9% e.
early for NO. l, the great bulk of it at
69Ac Sellers who held off at first realized
better figures on the later rise in the on
ton, but there was little sold al the high
figures The premium, on the whole. was
hardly as firm as Friday, and demand,
No. 8 wheat sold at &c and up to 671Sc
for choice. Rejected sold from 651sc down
to 6Oc, and no grade from 6615c down to
The following was the range e Of prices:
Wheat Open. High. Low. sat Fri.
b bay .sS5s 81 ss$ Sg5E ss5a sssH
On Track-oficiai closing 1s Quotations
Oct. Il: No. hard wheat. 71%c: to arrive rive
Tic; No northern wheat, 70A 070%c: to
arrive. zoe; No. 2 northern. 6SA @6Sa4 c;
to arrive. 6S@6Shc; oats, 31@33c; corn.
Boz Q59Ac; rye. 45% @46Ac; barley, 500
SIC; flax: $1.201a; flax futures October,
$1.1919; November, $1.19H; December,
81: 2019; faXseed to arrive, $1,000.
Flour--Another good flour market may
be recorded for the week ended yesterday
The mills ground heavily. the output was
around record figures and there is every
indication of the continuation Of present
conditions. If orders continue coming in
at the present rate, the mills will soon
have enough business in hand to insure
grinding to the first of the year. Stocks
of flour are light and the heavy buying
of late has been principally on the part
of the trade that had persistently held
off for months until they were carrying
practically nothing. Europe took a fair
share of flour during the week, and there
is some foreign inquiry daily, although
not so heavy for the past day or two.
Shipments ran very heavy every day
last week. Yesterdays figures show
1865 bbls First patents are quoted at
$3.S0@3. go; second patents, S3.65@3 rs;
first clears, $2.S5@2.95 second clears
SPAS.
Daily Wheat Movement.
The Following are the receipts and ship
ments at the principal primary wheat
markets: