The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-23
MINNEAPOLIS.
Closing.

MINNEAPOLIS, Jan 22-This was the
QuieteSt day in wheat for some days and
all markets were bordering on dullness.
This condition lasted to noon, at which
time Minneapolis May stood around 1880.
The quiet turn is due to a general lack
of outside interest at present. Many
traders are disposed to wait few days
to see how things shape themselves be-
fore acting either way. After the de-
cline following the precipitation over win
ter wheat region, it would seem that
wheat might now be safely bought, since
the present high price range represents
scent drop from late high figures.
Still, the trade is cautious. With win
ter wheat now showing abundant moist
centive to strength may be looked for
from that quarter for the present. Those
who believe wheat will again sell higher
later see no necessity for taking hold at
present when all sentiment is bearish. 1t
looks for the present like a scalping mar
ket only, and on today's early price
range, not even a very good scalping
market.
May wheat opened at 751kc and sold to
75A@l5Be, dropping again to 753s@7511sc.
Liverpool closed Ad lower.
Primary receipts were 3S6,0O0 blu, against
$4,000 last year, and shipments 10000
hu, against z08 900. Clearances wheat and
-four, 100000 bu. Minneapolis receipts
We're 23S cars, against 235 last year, and
Duluth had Sc, against 70.
Towards the close there was a slight
as yesterday at 757sc. July wheat clos
ed May at 79Ac.
The cash wheat market was active and
firm, with an excellent demand ruling
Millers were in the market and bought
everything at all good in sight There
was hardly enough good milling wheat to
go around. For choice No. 1 the basis
was fractionally firmer and 1zc under
at firm prices. The bulk of this grade
went at 1890, a few cars at TIC and some
at 7319c- No. wheat was wider, rang
ing from 7214c for choice to as low as
6912c for some that barely held the
grade. Rejected sold at &c and I'D to
71c No grade sold from zoe down to
The following was the range of prices:
Tuesday 751sc
.May-opening, 75kc; highest, 76c; low
est, 75asQ76zac; Wednesday, 757sc; closing
July-0pening. 76Ac; highest, 77H@77Ac:
lowest, 1850; closing, Wednesday, 771s@
G7714c; closing, Tuesday, The
! On Track-Off1cial closing quotations,
Jan. %:
No. hard, 77asc; No. northern, 741kc:
No. 2 northern, 7S7s@741bc; No. wheat,
Oats. 45c; corn. 57A@5sAc; rye, Sc;
9a a1ss Sa $751; MA Nav s. 3d. fax futures
F1our-There are no changes of impor-
lance in flour. The general tone is quiet,
yet demand is on the whole satisfactory,
and there is a fair business being done,
both for domestic and foreign account.
Prices are firm as quoted
shipments for the day, 50,150 bbls.
First patents are quoted $500. 95; Sec
ond patents, $S.65@S.75; first clears, So. 10;
second clears, 10.
Flax-The fax demand remains firm
and steady, with good demand Prices
were about Zee frmer all around In.
curry came in about equal proportions
n 10 Of
one took little. Offerings were light
No. l sold at $1.67 for the average. and
there We're few trades at 81 IS and 81. S.
Rejected sold at $1.65 and $1.66, the latter
Al cars, against 81, and shipper Ii. Du-
luth had 10 cars.
Closing prices: Minneapolis - Cash,
A67A; to arrive. $l.671h; January, $1.671z
rive, $l;611a; on track, $1.671z; January,
Corn-The market was a trife firmer.
OWING to light receipts, but prices were
low closed at 5SAc. Receipts, 9 cars;
shipments, cars
Oats-Oats were a shade weaker; on
the average prices were about even with
had to be made. No. white closed at
40c: Receipts. II cars; shipments, cars.
Feed and Meal-Markec is steady as
quoted: :oo Coarse cornmeal and cracked
No: feed, $2S@2S. Is; No. 8 feed, SO. 500
2375; graduated eornmeaI in cotton
sacks at the rate of 81 so per Dbl.
Millstuffs-Bran in bulk is quoted at
$Sl dS9n per ton; bulk shorts, $165O@17;
Q9; feed in 200-lb sacks, 81 per ton ad-
ditional; in 1oO-lb sacks, s1.5O per ton ad-
dltional. Shipments 1858 tons.
,Rye-The market was trif1e easier at
me close. No. closed at 55zc bid. Re
ce1ptS, / car; Shipments cars
Barley-Feed grades, 54056c; mailing
q aces, 57Q62c. Receipts, II cars; ship
ments, cars.
ket easier and quotations are hard "a
ma ntain. Upland fancy sos %; upland
choice, $70759; No. 1, $7@7 50; midland,
-; medium, $3.50; timothy, choice, $11@
u.50; rye straw, choice, 81. 5005; wheat
and cat straw, $3.50. Receipts, 50 tons.
State Grain Inspection.