The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-21
MINNEAPOLIS.
CLOSING.

MINNEAPOLIS. March 20.-The bears
Tell upon the wheat market again today,
and on sharp raid Jared out enough wheat
to force May TO Tie. All markets Were
weak, Chicago leading the general decline
quiet and very dull was the opening here
Trade was light Considering the lower
cables and another bearish weather pre-
diction, the market held fairly well 1t
was claimed that foreigners were moder-
ate buyers, and some of the larger Chi
cago houses took the buying side on the
weaker turns at first. May opened un-
changed at~7l3sc, sold off a fraction, but
was stubborn. Then Chicago began to
drop, the decline became general and the
new low point was reached Corn and
oats were very weak and this helpea
along the slump in wheat.
Liverpool closed Esd lower
The Price Current says the winter
wheat crop IS still fairly good. no better
than heretofore, and possibly moderately
less favorable.
Primary receipts were 537, 600 blu. against
637 600 bu, and shipments 10000 bu, against
$4,000 blu. ClearanceS, wheat and flour,
amounted TO 70l,0 900 bu. Minneapolis had
248 cars, against 334 last year, and Du-
iuth had 81, against 43.
Lohrke wired from New York that pet
ter conditions are noted in the export
trade as result Of the decline. Duluth re-
ported export inquiry. The most elicoufag-
ing thing was message from prom
inent house in Winnipeg They reported
the largest business ever known in Mani
toba wheat for the past ten days. The
premiums nave OSCu duNdtAtAASt anu
for 600 bu We're received today at the
highest figure of the season. The clean
ing out of any considerable quantity Cf
Manitoba wheat should be a help TO
American sentiment, but the most encOur-
aging thing about it is the narrowing OF
the differences. Manitoba wheat has been
selling 5lI6c under American wheat, Eut
with the increasing demand for 1T and
the declines in American markets, the
two are now closer together At this
writing Minneapolis May around lie Is
4;4c under the price on this day last year
New York came in near the close with
reports of ia loads taken.
The market turned near the close and
jumped back up to 72c for May on cover
ing and good buying in general; Z, May c les
ed at 72c; July al 73BQ74c; September
717sc Chicago May closed at 74S4HAc
Cash demand was good and there was
no. special change noted from YESTERDAY
except for a little dragging on NO. and
lower grades. The most Of the trading
was done when the May option was
around nisn711ac.
The following was the range of prices ;
Wheat- Open. High. Low. Thurs. Wed.
9 MhT'h ,.. .... iss 5s4 ~ ~ q: 81.
May $50. 7l5s Y u 5i%
March 20: No. l hard wheat. 74ac; No
northern wheat. 72AM73lzc; No north
ern wheat 71A011zc; No. wheat, 69124
701zc; oats, 40041c; corn 55G5lc; rye o314c,
barley, 52@62c; flax, STA; flax futures
March, STA; May, $1.H
Flour-More business was entered TO-
day than on any one day Tor seVeral
more hopefully and believe that good
business and heavy grinding IS asSuI co
for some time. 1t is not so much the act
uaI increase in sales that makes the out
look better as the fact that, on the pres
emf wheat price milers are pretty close
to an expert basis, and are able TO hgure
low enough to capture an occasional goot
export order, which heretofore they nave
Il
there is also an increased domestic III
qUiry. ,o-,1,,.
First patents are quoted at S5-'ofL9.o2'
second patents, S3.65n3.Io; nrst cledIs'
$3.50; second clears 500.
FIax-The market was firm and STEADY
on basis of about 12n%4c under DuIutn
Nav One car of very choice NO. ! SOFA
AT Nav price. but this was more than 1t
would ordinarily bring. No. ] broushI
81 74Gr1 741a, and rejected $l;I3. MlhIlesoId
received 4 cars, against last year. anu
shipped 49, Duluth had 3 cars .-,
Closing prices: Minnesota cash, STA;
TO arrive. STA: March, $1.74; May, N.l4;
Duluth cash, s11212; on track, 81 - "a -
arrive s1.73; May, $40; september 81 oo,
Corn-The market was weak, IN Synpa-
thy with a declining option No 8 yeHo"
closed at 5645!c Receipts, ii cars; SNIP
ments, 9 cars. ,oos,.
Oats-No 8 hite oats closed at 4VGAc.
Receipts, 10 cars; shipments, cars
Feed and Meal-CoarSe cornmeaI anu
cracked corn. $20.75; No. i feed SZLI2, No
> feed 500 75: No feed, $23.75; granu-
lated cornmeal in cotton sacks at the rate
of 81 80 per Dbl.
ADMINISTRATIVE market is weaker ana
rrices a little lower all around. Bran III
h1Ik Is quoted at S13 per ton; bulk shorts,
S13: -four middllngs, SIS; red dog, SIS; feed
in 2O0-lb sacks, 81 per ton additional IN
1n0-lb sacks. 80 per ton additlonal. snip
tens, PA bbls. ~ d,
RVe-The market was weaker. No :
closed at 5SAc. Receipts 4 cars; SNIP
ments, none. :,
Barley-Feed grades are quotable at %
575ec ana mating grades at 57463c. Re-
ceipts. cars; shipments, cars.
Hay-Upland fancy, $74l 80; upland
choice. s6.500725; No. !, $50; midland,
seas. %; medium. S5.7546; timothy, choice'
ceipts, 81 tons; shipments, 80 tons.
slace Grain Inspection.