The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-08-24
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 Were 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
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.
j. 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 were steady. Weather in England
fine; predictions of rain and conditions
unsettled in western Europe Country ac-
ceptarces light extra ordinarily light ir
Kansas City. Ordinary No. 2 hard there
is selling at 74c, which is equal to Sic
IN chicago on any export rate of 80 4-10e
significant when 1t is understood Eastern
millers are very short of supplies and
are waiting a break in prices to stock up
and the market is selling at point from
higher price relatively than they think
they can afford to pay. The Northwest
will have a very small surplus for ship
ment, particularly in territory tributary
to Minneapolis, where mills will require
large quantities The stocks in Mime
apolis are down to 1898 900, which is less
than one-half as much as year ago
Elevator interests are Skeptical about any
nf TIvI1n to ,,1v,Nk
one concern. operating 169 stations
bought only 1000 bushels yesterday. Es-
timated cars Monday, 100.
p Corn-Was very dull market; in fact
1t was dead one most of the day. The
! Southwest bought early and firmed the
price some. but local operators sold it off
again Weather conditions perfect, with
forecast for unsettled weather but no i'm
portant temperature changes. Country
movement light and we are getting some
very dlScouraging reports from central H.
linois The demand good and cargo
worked to Buffalo today at best price
yet obtained relative to September option
Liverpool was Il to 1sc higher. Estimat-
ed cars Monday, 310
F. J. c. Geraghty & Co.'S Chicago Iette,
from Logan & Bryan was as follows:
b Wheat-Market is dull and easier Cash
markets quieter and some specula tive
Liquidation naturally took place. Cast
premiums are an inducement Quality al
arrivals and threshing advices indicate q
I'VE are inclined to the view that Wheat
should be bought The worlds ship
ments on Monday are expected to be
apout S,ooO,O00 with very little change
on passage.
! Corn-Market, is easier. Continued fine
kiWeather throughout the corn belt is the
depressing factor. No change in cror
1adyices The bears are hopeful that pre-
yaIIlng fine weather will last and will
make fair crop and the bulls are equally
confident the case is hopeless. The cash
situation seems about standoff.
+ Oats-Market shade easier. No change
IN general conditions. Generally sneak
ing threshing returns continue disan-
po1nting and the cash situation strong
1t is only question of whether the price
discounts other influences.
proVislons-The market is quiet an6
without material change. Hogs arc
higher at the yards and receipts rather
Hight. Market shows very little snap and
outside interests Indifferent. Improve
ment in the cash demand only moderate
and nothing urgently bullish in the situa-
tion. 49,