The Saint Paul globe., 1902-02-28
Minneapolis and Duluth asat3 asa S1li1@; %att.,,
MINNEAPOLIS.

Closing.
Thursday. Wed.
May wheat, Minneapolis ....733s 1874
July wheat, Minneapolis ......74% 747s
May wheat, Chicago :. .,......763s 765s
July wheat Chicago ............76A 1873
May wheat, New York .......8212 SIZE
July wheat, New York ........82% S2A
May wheat, Duluth :. ........75 75A
July wheat, Duluth =. .........757s 761s
May wheat, St. Louis ..........S23s S2B
July wheat st. Louis ..........S5M rs
MINNEAPOLIS. Feb. 27.-May wheat
sold up to 74c to noon today. 1t was
early part of the session. Minneapolis
May sold down to 7314c to start The
early weakness was due in part to heaY-
ier receipts in the Northwest, the figures
showing 5S3 cars, against 282 last year
This was soon offset by a lot of news to
the effect that rains are making the roads
bad and holding back coarse grains, and
by stronger market in consequence in
both corn and oats. Kansas City was up
over cent on corn and st. Louis was
strong on both corn and wheat. Some
buying orders came in and the market re-
Sponded quickly.
The effect of yesterdays crop damage
gossip was shown this morning, as it was
expected it would be, in a decidedly less
aggressive set of beariSh traders The
consensus OF opinion is that the reports
were exaggeratiOnS, that it is rather early
Tor anything of value regarding condi-
tons, and that while there are no doubt
bad places in the winter wheat area, it
is doubtful if anything has been discov-
cred Warranting the belief that the gen
eral outlook is otherwise than favorable.
The Price Current report was watched
for with a little more than the usual in
terest. Winter wheat. it says, is regard
ed a little less hopefully than last month
as it is nearly all in good condition, yet
lacking the high Yigor necessary to with
stand adverse influence. Reports like this
covering both sides, giving the outlook
as favorable, yet not overlooking the pos
sibilfty of sudden changes, make the bears
doubly cautious, and the market hesitates
in consequence.
There are a good many bearish things
IN the general situation, especially from
the Northwestern viewpoint, yet traders
realize that all such matters as cash
demand, light exports, heavier receipts
influence, will be ignored at the first real
evidence o any crop damage. Hence
the cautiousness. AT this writing the
market is firm with sentiment more bull
ish than otherwise, pending further news
from the Southwest. Today's reports are
ct low barometer over Kansas, suggest
ing storms.
Primary receipts were 666, 900 bu, against
$4,000 bu, and shipments 168, 600 bu
against 206,0 000 Minneapolis received 36S
cars, against 251 last year, and Duluth had
Liverpool closed 15d higher
Clearances of wheat and flour equaled
191, 600 bu.
AT the end the market weakened ana
May closed at 7s2s; July 74Ac; Chicago
Good demand ruled in the cash market
and while receipts were larger than yes
terday, the good lots were promptly
cleaned up. No. 1 sold on unchanged
basis, but on No. 2 there was a tri1e
firmer range. Millers bought the bulk
OF the milling wheat and We're not so crit
1cal as of late, taking anything at all
good: No wheat sold from 69c to 1%c
tor the extreme range, and no grade and
rejected from 62c to zoe.
The following was the range of prices:
Wheat Open. High. Low Thurs. Wed.
MAY '..... .::.. 1874 Il 1913 7$ss 77$ss 1854
July ocia eloaas 5ah 7M aaota56bs III Feb * e !4 E3
l hard wheat 747sc; No. l northern
wheat, 731sc; No. 2 northern wheat, 717s0
7211Sc; No. 8 wheat. 697s@71%c; oats, 40
flax, a.65: flax futures, February, $1.6512 |;
May, $167.
Flour-The market was in better tone
today than for some time. Demand has
were able to book a little foreign bust
ness. although I'D to noon there was
nothing very heavy done. The fact that
buyers are taking hold in better spirit
is encoura ging to nlillers, who are TAX
ing more hopeful view and are expect
ing more satisfactory market for the
immediate future. Shipments for the day
were o 6O3 Dbls First patents are quot
first clears, 50. 75@2. 80; second clears, 81. .4O
t!ax-The market was a little weaker
Although receipts here We're light and
demand fairly satisfactory the price
range was lowered by about 1c on No
l and 1@112c on rejected, this being in
line with the weaker option Trades were
MADE IN No. to arrive of 81 66, and the
spot No. 1 went at S1.661a. Rejected was
quoted at S161Q162, according to quail
ity, but there was not much business
reported M in rejected. Near the close
lXnf CI0 nod Evy.,A
Minneapolis received IL cars, against s
cars last year. and shipped cars Du-
lutn had "a cars; Closing prices: Min
FFS5E1s Fabg9e eash 8 s5 63z; to arrive, 6514
cash, s1.65; on track, 81 &c; to arrive. 81 6S:
February. $1.65; May, $l6SA.
Corn-The market was firmer and more
active. and while offerings were larger,
prices ruled higher than yesterday on
all good lots; No. 3 yellow closed at "a
GS6c. Receipts, 80 cars; shipments, I
Oats-There was better feeling in
oats, and fractionally higher price range.
no. White closed at 42Q43c. Receipts.
cars; shipments, cars
Feed and MeaI-The market is firmer
and prices are a little higher all around.
coarse cornmeal and cracked corn, $40 25;
NO: l feed; I'd; 81 %; No; feed, $22.25 No.
cotton sacks, at the rate of $2.Se per bbl
Millstuffs-The market is easy Millers
are quoting unchanged, although there
Ore lower prices heard on the outside
Bran in bulk is quoted at SIS per ton;
bulk shorts, SIS; flour niddlings SIS 25a
1878; red dog, $17Q17.50; feed in 2OO-Ib
sacks. 81 per ton additional; in 1O9-lb
sacks, $l.50 per ton additional Shin
ments, 1915 TONS
Rye-There were cars received. and
none shipped. No. 2 closed at 55c.
Barley-The market is very quiet Feed
grades are auotable at 52056c, and malt
ing grades, 57@6Sc. Receipts. 8 cars;
shipments, l car.
Hay-The market is soft and the fig
ures given are the best obtainable for
choice lots. Upland fancy, S72567. so; up
land, choice, $7@7.25; No. l. $6 25G6. 80.
midland, $6 medium, $5.5906; timothy,