The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-08-01
it was a sort of a general shake out

and it was a sort of a general shake out
OF weak holders all around. December
sold at e6%c; July wheat broke from
79hc to 77Hc, while May sold from zoe
down to $3.50. AS September firIned up
from low point, July surned very weak
of &c up to that time. All the news
was bearish at the start, and aside from
July the action OF the markets was not
much more than might, have been ex-
pected After awhile little crop gossip
OF a nature not quite so favorable began
coming. Storms in North Dakota did
began to struggle in. The export inquiry
at the seaboard was said to be good and
Duluth reported about 100000 bushels
sold for export. Local stocks will de-
crease about 500, 900 bushels this week
and stocks in both Minneapolis and Du-
luth will decrease about 1000, 900 bushels.
preston in all markets. The bears view
ed this drop in July with satisfaction,
seeing IN II evidence Of general weak
ness. The bulls viewed it with satisfac-
ton, as well claiming that with July
out OF the way wheat should now do bet
ter, as many have hesitated to buy into
any option, fearing that the effect upon
all prices would be bad in the event of a
possible collapse in the July DEAL
Wheat and flour clearances were 233, 900
bushels US irels 90 Minneapolis Min had 1877 cars,
against 81. At primary points receipts
We're LAS, 900 bushels, against 993, 900
bushels, and shipments $4,000 bushels,
against 657 900 bushels. The Price Cur
rent says the week has developed no ma
terlal change in general crop conditions
Inc trade was surprised little at some
gossip from Kansas City to the effect that
receipts there will probably be lighter
for time. The argument is that the
farmers have been sending in their poor
Wneia5 IT. but f are now getting to the better
anxious to market, not needing money es-
attractive.
AT the end the market became demor-
ailzed and broke all around, this prin-
cipally on the July option which be-
came panicky at the end. July broke to
ed at 67Ac; December at 663s @661Ac, and
May at 69Mc. The cash market was I'M
settled, and showed variety of prices,
northern followed September pretty well
at &c over for common, but for the re-
ally choice No. as high as Sc and S19c
over was paid for few cars. The range
was 75H @761, but for No. 2 to arrive
| the figure was about 74c. No 1 northern
sold about &c over No; for the bulk.
the range of prices:
Closing.
Wheat. Open. High. Low Thurs. Wed
Bee ee.' .:.:S7R az az Sss% s sc s az
On Track = Official closing quotations
ern, 77ae; No. ? northern 72Ac; No 3
wheat, INC; oats, 41@43c; corn, Soy q
56e; rye, old, SIC; rye, new, 49c; barley
old 45@55c; barley, new, 3S@52c; fax
$50 V-''O'
Flour-Trade is moderat-> and demand
only fair. MillerS are booking orders to
absorb the daily output, but are not en-
tering much business ahead. Domestic
trade takes the bulk and the foreign in
quiry is so light that there is practical
hITE llOna IDvinn hold ctN
Shipments for the day, 54,783 bbls. First
patents are quoted $3.S5@3.55; second
patents, $365@3.75; first clears, $3@310;
| second clears, $40.
Daily Wheat Movement.
The following are the receipts and ship
|