The Saint Paul globe., 1902-02-27
MINNEAPOLIS.
Closing.
Tiles Mo-

July wheat, New York. N81% 81%
May May wheat Duluth. .74B 7413
July wheat, Duluth. ..........75A 1874
May wheat, st. Louis .......SlR 8Il-16
July wheat, st Louis s.........75ss 74A
MINNEAPOLIS, Feb. a.-Wheat Opened
weak this morning and in the early trad
ing May sold off 9sc, striking 721sc A
number of bearish items were in the first
punch OF gossip, and statistics were gen
orally bearish. Not the least important
influence was the showing in the North
west, where the receipts in Minneapolis
and Duluth totaled $50 cars, against 230
pressure there came in good part from the,
erect of this heavier showing in the
Northwest. On the down turn Minneapo-
lis and Chicago held the ruling difference
difference widened TO 31s03Ac the local
market holding relatively a shade frmeF
On the changing of the posted figures for
local receipts. The local office erred by 100
cars: This was important, as the original
posting showed 81 cars more than last
year while in fact receipts here, were
Hghter than last year by SO cars The
corrected total for the Northwest was
therefore 430 cars, againak 230. AS was ex-
pected, little unfaVorable gossip began
coming respecting the winter wheat
Omaha wired that the snow having gone
Off the ground, the wheat is showing up
poorly. MCPHERSON county, Kansas. sent
me ILe worst report, claiming @ per cent of
the area in that county to be in bad shape
NO one took very much stock in these re-
ports, and they were accepted as about
representing what may always be expect
ed at TINS time. The belief remains that
winter wheat is very promising, and some
thing more comprehensive will have to
come to change this belief. Still, these
reports had effect. There was a notice
able let up in beariSh aggreSSiVeneSS and
some of the lightweight shorts bought In
their Wheat to be on the safe side BY
noon Chicago, from 753s07515c, was back
over 76c, and Minneapolis May sold back
up to 731sc.
The weather is generally cloudy, with
colder weather indicated for kansas ana
the Dakotas for Thursday
Liverpool was Ad higher to start but
closed AQasd lower.
Wheat and flour ciearances for the day
eqUaled 276, 600 bu
Primary receipts We're 573 600 bu COM
pared with 444G00 bu, and Shipments 1884, :
600 bu compared with 21S,OO0 last year.
MlnneaPoils o had 1856 cars against 2S4, and
The market closed firm, just under the
high points Of the day.. Minneapolis May
clased at 735s07S15c; July at 74a4@747ac
Chicago May closed at 761S@765sc
AT the close today the feeling is that
everything tomorrow depends upon the
yerification or lack Of verification of the
damage. reports. 1t is the belief that they
are at least partly exaggerated In case
of a lack of full confirmation, it is the
feeling that the market will hold close to
the present level, Notwithstanding, eSpe-
c1ally If there is any encouragement in
the cables. Bearishness it is believed,
will not be so openly shown again im1ne
dlately as to cause any considerable
break, as those who favor the short side
are now more cautious than before,
through fear of damage news. On the
other hand, should the damage reports
be confirmed, an advance is not likely.
In the cash market there was a fair
demand to-day, but the market lacked
special new feature and was rather quiet
No. l northern sold at May price for a
good part, and No. sold largely at ~
under No. l. For No. wheat the range
was 69@7O5sc. Some No. 8 sold as low
as 6S1sc, and not very much went >at the
high figure of 705se Rejected and no
grade wheat ranged from 621Ac to CSC.
The following was the range of prices:
wheat open. High. Low. Tues. Mon.
EsS. Nay :::..isg y zs9ss ~ 7s 7 ~ IS
July 80, 74 1895 1875 743ss-1a IA I'D
Is: No / hard. 7z5sc; No. / northern,
rye; No. northern, 13s@1%c; No. 8
wheat, 693s@707sc; oats, 41@42c; corn, 81
flax futures, February. $1.6S; May, $1.6911s
Flour--There was an increase in val
I qes today to some buyers who have been
IfJefslstently holding aloof, and who were
scared in by the frmness in wheat. In
genera however, the market is dull and
demaRd moderate. Millers are talking a
Ittle. more hopefully as to the prospect
/ f6r future business. First patents are
dSQted at So. .S@395; second patents, So. rs
$50
tlaX-1ne market heId nrm and steady
lNand was practically unchanged from yes
terday. No. 1 brought 81. IS for the bulk.
Receipts, although somewhat larger than
yester rday, We're applied in part on sale.
and the offerings were not much heavier
Rejected fax showed a wider range, and
was salable at $1.64@1 &c. although it
needed something pretty good to bring
the top figure Minneapolis receipts, 10
cars, against last year. and shipped T.
! Duluth had q cars. Closing prices: Min
neapoiis cash. 167iR; to arrive, $1.671s;
February. S.6712; May. $1.69.
! Corn-The early tone was quiet and
grade at about the same figure. No. 3
! yellow closed at 54056c. Receipts, z
! GERS; shipments, 8 cars.
! Oats-The market was a shade frmer
| on some lots and unchanged on others
! No. 8 oats closed at 412@4215c. Receipts,
! II cars; shipments z cars.
! Feed and Meal-Coarse cornmeal and
cracked corn, $40; No. 1 feed. $N; No. 2
meal in cotton sacks at the rate of $3.50
| per bbl
N1illstuffs-The market Is weaker. Mil
! lers are quoting unchanged, although
/ there are lower prices heard on the out
side. Bran in bulk is quoted at SIS per
| ton; bulk shorts, SIS; flour middlings,
$16.25Q16.75; red dog, S17@17.50; feed in
20O-lb sacks, 81 per ton additional: in 1O0-
ments, 1866 tons.
Barley-The market is very quiet Feed
I grades are quotable at 53G56c, and malt
ing grades 57q6Sc. Receipts, cars;
Rye-There was no rye received and
none shipped. No. 2 closed at 55c.
Hay-The market is weak and the fig
ures given are the best obtainabIe for
land choice, $7Q7.25; No. /. $625G65 so;
midland, s6; medium, $5.5o96; timothy,
choice, $11; rye straw, choice, $4@4. So.
Receipts, So tons; shipments, "a tons.