The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-08-23
GOOD WEATHER
PUTS MARKET
IN THE DUMPS
There Was Little Doing In
Wheat and Corn Was a Dead
One-The Receipts of the
New Crop We're Small, but
of Good Quality.

The spectators got little consolation
and less ducats out OF the wheat market
Saturday. The market was decidedly
dull, and while there was some speculative
liquidation it was not of a character to
call for extras.
While the receipts are small there is
one consolation, and that is the yield is
of a high grade. This was noticeable in
the arrivals yesterday and is Indicative
of what is to come. Sales were made yes
terday on perfect weather in the North
west. and this was supplemented by
news of similar weather in England.
Corn was a dead one yesterday. Con-
tinued fine weather throughout the corn
belt was the depressing factor and the
weather bureau gave no Indication Of any
change.
: In oats the cash situation Is strong
Threshing returns are disappointing,
M Doran & Co.'s Chicago grain letter
yesterday had this to- say of market con-
ditions:
Wheat-The market was slow with
light trade and easy tendency. CONNER
cial houses, sold at opening ON perfect
weather conditions In the Northwest Ca
bles We're steady. Weather in England
fine; predictions of rain and conditions
unsettled in western Europe. Country ac-
ceptances light. extraordinarily light in
Kansas City. Ordinary No. 2 hard there
is selling at 74c, which is equal to Bic
IN Chicago on any export rate of 80 4-10c
on domestic rate. These prices arr
significant when it Is understood Eastern
m1llers are very short of supplies and
are waiting a break in prices to stock up
ana the market is selling at point from
which they must draw stocks at a much
higher price relatively than they think
they can afford to pay; The Northwest
VIII have very small surplus for ship
ment. particularly in territory tributary
TO Minneapolis, where mills will require
large quantities. The stocks in Minne-
apois are down to 1,038,00O, which is less
man one-haif as much as year ago.
Elevator interests are skeptical about any
great rush of spring wheat to market
one mel, concern o operating 16s stations
timated cars Monday, 10O
Corn-Was very dull market; in fact
IL was dead one most of the day. The
Southwest bought early and firmed the
price some, but local operators sold if off
again Weather conditions perfect with
forecast for unsettled weather but no i'm
portant temperature changes Country
NOV movement light and we are getting some
very dlscouraging reports from central n
Anois. The demand good and a cargo
worked to Buffalo TO-DAY at hest nrfeo
yet obtained relative to September option.
ed cars Monday. 80.
j. G. Geragf1ty & Co.'S Chicago 1at+er
IRON Logan d Bryan was as follows:
Wheat-Market is duh and easier. Cash
markets qu1eter and some specuIa tive.
liquidation naturally took place Cash.
premiums are an indueenent OuaJitv IF
arrivals and threshing adYices indicate a
nlgh grade of wheat Receipts stiII small
He I5e lAcidied 10 the view that wheat
should be bought. The worlds shin
ments on Monday are. expected to be
about S,500,000 with very little change
on passage. 9o
Corn-Market is easier Continued fine
weather throughout the corn belt is the the
depressing factor. No change in cron
adyices. The bears are hopeful that pre-
xalllng' line weather will last and win
make fair crop and the bulls are eauaIIv
conident the case is hopeless. The cash
situation seems about standeff.
Oats-Market shade casters No obanee
IN general conditions Generally sneafse
ing threshlng returns continue disen-
pointing and the cash situation strong
discounts other influences.
ProVlsions-The market is quiet and
Wlthout material change. Hogs are
I nilgner at the yards and receipts rather
outside interests Indifferent Improve
ment in the cash demand only moderate
and nothing urgently bulIish in the situa4
ton