The Saint Paul globe., 1902-02-26
MINNEAPOLIS.

MINNEAPOLIS, Feb. 25.-Liquidation
continued in wheat this morning After
yeSterdayS close at 723sW724c, a good
part OF the weak holdings yet remaining
Went overheard on the curb on sales Of
May down to 721ac. This made it look
as if the market had been pretty well
cleaned up of this weak long stuff, and
with Liverpool stubborn against our de-
cline and coming only 1b0O5sd lower the
expectation this morning was for recov-
cry and higher opening here. good
the Chicago gossip gave the sentiment
there as favorable. and said the buying
side at the moment, was the more popu-
lar one: But the liquidation had not yet
spent it's full force, and at the start
there was enough on sale to Offset the
new buying and force May to a new low
point at 72Ac.
This low point marked the end of the
heaYy pressure. The news turned more
favorable, and little more confidence
was shown Receipts at primary points
were about the same as last year A
1uu response to our decline would have
meant 1@1Ad lower in Liverpool but
that market closed only 3s@1ad lower,
ana was 7sd higher to Hd lC -er on corn
BradStreets 8 figured a decrease of 2,O4I 000
Du IN the worlds visible OF this $40 (l0O
bu t was shown east of the Rockies, and
4O9VO bu in the quantity in Europe and
anoat. Buying began, and by noon the
market had worked back to 7Sc for Nav,
Primary receipts were $4,000 bu, com
PeHASA Will o1OOVO ldSN year, and shin
ments 257,000 bu, compared with 267 a1o
bu. Minneapolis received 145 cars. against
d4l d4 last year. and Duluth had 256, against
Wheat and flour cIearances wara beo1,v
showing go, 900 bu . -
Chicago reported increased demand for
corn from New England, and New York
had 80 loads for export. Minneanoiis Ma
sold to 73A@733sc and closed at 791Ic
July closed at 74ss@7415c. Chicago closed
Nav at 761s@7614c ~
A ia n1n
decided change from the extreme weak
ness OF the past few days The Market
is now freer Of weak holders than foT
son some time and in better shape for a buy
Ing turn. Even those who believe that
the present price of wheat is high are
hesltant about selling short. especialIv
50 as the snow covering is fast disap-
Pee-r pc lllg oyer winter wheat. and there is
the posSipilty of damage reports coming
as the wheat shows up, while a cold Wave
tendlng southwark would greatly increasa I
apprehension; a. pre- At the close today there
is not much long wheat left to he foy.ce-1
out, and there is considerable short
wheat. The market is in good cond;tion
TO advance sharply on any show Of en-
couragement - al
Inc cash market showed no very ir,,-
portant changes. There was the usual
i1 iiueSoay quiet tone and demand while
nnrtbor3a Taar, was no not especially sharp. No. |
norCnern sold at 72A072%c for the bullx
no c8af rom rom, 7lc to 7a4c. No. wheat sold
at 6SA@7O3sc. Rejected and no grade
ranged from &c to CSC.
Frlces ranged as follows:
w WEheat-open- High Low Tues. s'oTdgi Mon
May : 32A-5s-4 78ik-as ~ 78z ~ 72A-z 72A
July 741z-5s 1875 1851 Ii i-16
Track-Oficial closing quotations.. M
| hard, 745sc; No / northern, PIC. No.
northern, n$sc0715c; No. 8 wheat 69s6
@97O7sc; oats, 41@42c; Corn, 5i@54c: rye. 5Ec:
RFaTbley Febr 5S@6Se g &C. flax LIS fax futures,
FIour-The flour market still stands m
changed, but millers conce1e that the out
look is improving. Prices are fairly
Siteaoy i, as quoted. Demand shows no
buyers. si0
Shipments hold up well, considering the
were shipped.
saFdpJ fdTSf patents e are quoted at SO s5@3 95;
Qg;SO; second clears, So 40
Flax-Only cars were in TODAY and IN
consequence there was a very light trade
The tendency was easier and No / sofia
at $l.6S Rejected sold around 81 6601e6ib
1Iit9 nIle oasls was about 21ac under Duluth
minneapolis received 9 cars against g4
cars last year, and shipped cars. Du-
luth had 25 cars.
Closing prices: Minneapolis Cash, 81 .68;
to arrive $1.6S; February SI68: Nav
$l69h. Duluth-Cash, $I67ai: on tTaaf Taof'
$i:6S to arrive, $1.6S; February. S167sl
May, S.70A. ~
Corn-Corn was fairly steady. vet tbe
price range was widely scattered M
grace sold at 5O19c to sic, and No. 4 at 51c
70 ozc. No yellow closed at 5264c Re
celpts, cars; shipments, Z cars
Oats-The market was weak and lower
on nearly everything sold. No z soyd
at 4oc and 3915c. No. white sold at 4Q1bc.
ana at the close was quoted 41642c. Re-
celpts. cars; shipments, 5 cars
reed and Meal-Coarse cornmeaI
ana cracked corn, $40; No. / feed. S2f. 40
feed, $22; No. feed, $23; granuiated
cornmeal in cotton sacks, at the rate Of
$3.50 per barrel
Millstuffs- -Millers are quoting m
changed, although there are some lower
prices heard occasionally on the outside
Bran an bulk is quoted at SIS per ton;
puIk aI shorts, $15;. flour middlings, S16.2501
1910; red dog, $11Qu750; feed in 2OO-lb
SACKS, 81 per ton additional; in IO0-Ib
SACKS, SACKS, $l5O per ton additional. Shipments
2,282 tons
Rye-No 2 closed at 55c. Receipts. 2
cars; shipments, 1 car.
Barley-There was a fairly sattsfac-
at 53Q56c, and mailing grades, 57GT63c.
Receipts. cars: shipments, car
Hay-Heavy receipts make the market
easy and prices as quoted are the out
side and obtainable only for choice. Up
land fancy, $7.50@7.75; upland choice. SIPS
@750; No. 1, $6.75@7; midland. Sc. 25m6. 30:
Medium, S5.50@6; timothy, choice, Sl1D
ll.5O; rye straw, choice, $4Q4.5O Receipts,
81 TONS
State Grain Inspections.