The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-02-08
MINNEAPOLIS.

firm at the opening this morning, with
yesterdays closing strength still In evil
dence, but this gave way after a short
time. May sold at 747sc early, but broke
to 741Ac after an hour
Receipts were again light and primary
receipts light and some comment was
ket in easing off in the face Of this The
fact is there is an utter lack of bull en-
thusiasm. Traders everywhere look upon
the lighter movement as temporary. 1t
is generally admitted fact that there IS
plenty Of wheat to come, just as it is ad-
mitted that many farmers are holding
back their wheat. The bulls have been
unable to use the lighter movement to
work the market up, with the present
lack of outside speculative interest, and
the bears feel that if 1t is a struggle to
hold the market up now, something will
have to give way when a heavier move
ment begins. Just when a freer move
ment of wheat will begin no one pretends
to say, but the bears argue that the
more wheat there Is held back now the
more there will be to come later. An ex-
port demand will make firmness, but it
does not seem to be Forthcoming on the
present basis.
Primary receipts were $4,000 bu. com
pared with 900 bu last year, and ship
Inents 149, coo bu, against 10000 blu. Clear
ances of wheat and -four equaled 1884 900
bu Minneapolis received 20S cars, against
$40 last year, and Duluth had SO, against
The talk in milling circles is running a
little towards the possibility Of the
American flour mills grinding Manitoba
ground in bond, and the only duty to be
paid would be on the offal remaining. 1t
was reported this morning that some of
the local milIers are seriously consider
Ing the advisability of this. IL the mills
should turn to grinding Manitoba wheat.
because 1t can be had cheaper, it would
cut into the demand for American cash
wheat to some extent
"a ri fhn ~ L.
traction. May closed at 741z074Ac; July,
at T5%@751Ac; January 1870 Chicago
closed May wheat at 75s977Ac.
The cash market was active, with no
important changes as to the price basis
The same differences were shown on cars.
some Great Northern lots going 80 under
other lots in cars available for prompt re-
May price. ranging from T4Ac TO 74Nc
No 2 northern sold from 7Sc to 78%c. No.
wheat brought 714c to rye Rejected
| and no grade were in fair sale.
Following was the range of prices:
Open. High. Low. Close.
~ ~ =: ii ii III 81 81
On Track-No. hard, 75xe; No ''7f
northern, 7Sz@74o; No 3 northern 79% q
7Sc: No. 8 wheat. 71@71hc: No. fax.
1;7sA; No. yellow corn, 57%c; Ne. 8
White oats. 42Ac; No. rye. 551sc; barley,
FIour-Millers would be glad to see a
decided change in the wheat market
either good advance or a break. On
the present basis for cash wheat, and
with the uncertain tendency, buyers OF
Hour are persistently holding Off The
larger domestic customers are buying
Steadily, but are cutting orders down
Foreign inquiry IS fair but the actual
amount Of foreign business that mFlers
can enter is not heavy. With any mate
rial show of strength In wheat. domestic
nour buyers would probably make haste
fpY1a hI-cA1 II e.
business would probably be obtaina bic.
Prices are fairly steady as quoted
Shipments for the day were 45.79S bbls.
3.95; second patents, S. 75a3. IS: first cltars.
So 70QSSO: second clears. s5,45
Fiax-The market was active. with
prices fractionally higher. Receipts were
even lighter than yesterday and trade
was again confined to narrow limits No.
seed on spot sold at S1.73h and some
sold at A.721a, the range telng wider than
yesterday. Rejected sold at $1.7O@1.711
Minneapolis received 13 cars, against 81
cars last year. and shipped II cars 0u-
luth had IA cars
Closing prices: Minneapolis - Cash,
May $l73A. Duiuth-Cash, SIN; on
track, S.1: to arrive. $1.n; February,
Corn-Receipts were again light No
closed at 57Ac. Receipts, cars; ship
rents. s cars.
Oats-The oats market was active; No.
8 white sold at 1910 for some. At the
close No white was quoted at 42Ac
Receipts, IL cars; shipments cars
Feed and Meal-The market is quiet.
Coarse eornmeaI and cracked corn SO. GO
OIL; No. feed, $21021 so; No. feed, sci "a
G22; No. 3 feed. $22. 256022. 20; granuIated
$3.50 per EbI
Millstuffs-Bran in bulk Is quoted at
$l5 per ton; bulk shorts. SIS; -four mid
ed n. Ca
in 200-lb sacks. 81 per ton additional; in
10O-lb sacks, $1.50 per ton additional. Ship
ments, 1.57 TONS
Rye-No. 2 closed at 551kc. Receipts, 2
ears shipments, l car.
Barley-Feed grades, 59@56c; mailing
ments cars.
Hay-Upland fancy, s75o@775; upland,
choice. $707.25; No. l. S. 1907: midland,
s6@p@6.50 medium, Sc: timothy. choice.
$n91.5O; rye straw, choice, $4.5005. Re
ce1pts, % tons.
State Grain Inspection.