The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-12
MINNEAPOLIS.

July wheat, Chicago .....,. S21z S3l%
May wheat, New York .........87B SSh
JQly wheat, New York ........S79s SS7s
May wheat, Duluth ..........79A S07s
May wheat, st. Louis ............S91s 9014
July wheat, st. Louis ............ 81A 829s
MINNEAPOLIS, jan 1.-THE market
was hating one for an hour. Then the
pressure became too great and May sold
down steadily, striking 7SA@783sc, and
| closing weak at that figure. The govern
ment report did the business 1t was
not so much the report itself, as the fact
that conditions were ripe for down
turn. A good many small lines of long
wheat were carried. Even the most san
guine bulls felt that anything in the re-
port beansh enough to start decline
would jar out some of the weak holders.
This was what happened. The govern
ment report showed q yield per acre of
of 616, 900 bu. The September report
suggested a yield of 1877 bu Or a crop of
6Zf00O,OOO. The present report increases
the estimate about 100000 blu.
Broomhall cabled regarding the feeling
in Liverpool, that covering by shorts on
the Modern Miller report more than Off
set the bearish government report and
larger Russian offerings, with the result
that the opening was unchanged to 1s1
| higher. further slight advance of sd
occurred later. Near the close of the To-
cal market there was general weakness
all through, and declines in all coarse
grains. May wheat closed at 781sQ7S9sc;
July at 1880; January, 773sc. Chicago
May closed at S27ac.
Primary receipts were $50, 900 bu against
563, eco last year, and shipments 172 600 bu
against LAG, 900. Clearances wheat and flour
were 100000 blu. Minneapolis received 434
cars against 313 last year, and Duluth
81 against los. Local stocks increased
61S, 119 bu for the week and the present
total in store here now stands at Il, S75, rs
bu. -S
/ The cash market was in line with the
option, unsettled and generally weak
| For No. l porthern 7834c was the best fig
ure obtainabled, and the bulk of it went
at that figure. Some No L to arrive also
sold at 78Ac. No. 2~northern sold princi-
pally at Tl1a, some going ut TIC. Early
| sellers had all the advantage, and lots
| carried until late in the session were sold
! considerably lower No. 8 wheat ranged
| from g to 76c. Rejected and no grade,
! from 64c to 73c.
| Following was the range of prices:
| Wheat Open. High. Low. Sal. Fri
May " -. 49,. 79I 1874 1884 7s s9s 7 79
July :. .......... 8OH 8OK 79$S 79$s S03s
! Curb on May wheat, sellers ........... .7SA
| Puts on May wheat .................. 775s ~
/ Calls on May wheat .7Sa4 10
4 Milwaukee Curb
/ Curb on May wheat, bid ................S 215
/ Puts on May wheat ...................811s
| CANS on May wheat ................. 1915 Il
/ CUTo on May corn ......s..............6534- "a
| us Oh MAY corn OBSERVATION-DISCLOSURES. 6338-12
/ On Track-Oficial closing quotations
/ Jan. II: No. hard, 1850; No. 1 north
! ern T$8c; No. 2 northern, 75@176c: No s
wheat, 73Q75c; oats, 44a4Q4514c; corn, 58A
| Q55Ac; rye, 61Ac; barley, 54059c; flax.
$l6l72; flax futures: January, $1.5I; May,
| 81. 631a
| Flour-The market showed turn for
| the better this morning. The opening
| brought bids from abroad, and some
few lots were entered for foreign ship
ment, principally Of very low grades in
i sacks. Domestic demand also Hvened
up a little and on the whole it was about
are reported in the general situation.
Mlllers are holding firm at quotations
orders are for small lots almost entirely
ana heavy buying is the exception
rels. - 1Of DeAi :
Firsk patents are quoted at s4 1904 %
second patents, $4Q410; first clears, $50
30; second clears, $3.50
FlaX-The market was weak and Iovva,.
1J0oay' following declining option.
mere was enough inquiry to have clear
ed up the market promptly but bnvers
pefslstentiy held off until near the close.
ana then took the bulk Of the OFFERINGS
al low points of the day Receipts here
We're - cars against Is last year and
shipments Is cars. Duluth had 10 cars
LOS lI stocks increased by 6,725 blu for
the week, the present stock in store here
now standing at 954 191 bu.
a, CI0Slng prices: Minneapolis-Cash.
$l6l12; to arrive, $1.6115 January. 81 81 !:
MAY, $i6S12. Duluth-Cash, $l6lJb: on
track, $162; to arrive. S.62. Tan3,ar ~
$l6l15; May, $163B
Corn-The market was weak and lower
no grade sold at 571ac Some No. 3 Vel
low was offered and sold at 69n611Ic a.
the close No. 8 yellow was ouote1 5eilc
Dig DIG Receipts. % cars: shipments, 9
oats-oats were little weaker No
Whlte sold at 45c. No. at 441bc for
onolce No. white closed at 44$I64516c
bid, Receipts, 10 cars. = ''72o
Feed and Meal-The market is lower
ana Is easy as quoted. Coarse corn meal
ana cracked corn. $23; No. / feed 500 "A .
~. feed, $24; No. 8 feed, $3.50: gram.
lated cornmeal in cotton sacks, at the
rate of $295 per barrel
Mlllstuffs-There is an excellent de-
IIoanG from the Southwest and the mar
ket rs a little frmer. Bran in bulk is
qu9ted Sl7.50@1S; bulk shorts. SIS: flour
nnond III $3.50 red dog, $20620. 50; feed
N ZgV-lb sacks. 81 per ton additional: IN
lW'-lh sacks, $150 per ton additional
Shipments, 2,119 tons.
Barley-The market was very quiet
Feed grades, 55@5Tc; mailing grades. 57G
6Cc. Receipts, Z cars; shipments. 8 cars
by e-The market was active and strong
at first, but weaker later No 3 closed
cars 80
.Hay-Upland. fancy, sos .25; uplan7
choice, $747 80; upland, No. l. s7617. 20
midland. 81; medium, Sc so; timotI1ys
choice, $11@11 80; rye straw choice 81 5oG
3, wheat and oat straw, $3.50. Receipts
122 tons.