The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-01-03
MINI EAPOLIS.

Minneapolis-The first trading day of
the new year brought slight change in
sentiment in the speculative wheat mar
ket. There was no evidence of strenu-
Gus bullishness, but on the contrary, the
general tone was easy and suggested q
moderately bearish feeling. May was
of te 744ae at the opening, and held
around this level for a time. Cables
were down a peg on the more favorable
news from Argentina. London had ad-
vices from Rosario that the weather is
proceeding under favorable conditions.
The quality is said to be satisfactory
Corn prospects in Argentina are better
than last year. For the week Argentina
shipped $4,000 bu wheat against 40 900
last week and 1852, 900 bu year ago. Liv-
erpool stocks made a large decrease dur
ing the past month, which was a strength
enlng item. In our own country the wealth
er in the Southwest was stormy, which
caused a little nervousness in corn.
BrOomhall sent a bearish item in a re-
port from the Danube. saying that there
has been a thaw, which may mean the
resumption of shipments this season. OF
condlt1ons IN our own country the Modern
Miller says:
Weather conditions have favored the
winter wheat crop and the condition of
the plant is good for the season Of the
year. Few complaints are being received
and these are Of little consequence. The
offerings OF wheat are somewhat larger,
but limited transportation facilities re-
strict the movement to market"
Minneapolis stocks will show an in
crease of about $40, 900 bu this week. Pri-
mary receipts were 995,000 buy against
bu, against 1913, 900. Wheat and flour
clearances, 713, 900 blu. Minneapolis had
8O7 cars, against 261 last year. Duluth is
closed. All the figures are for two days
this year and one day last year A late
Liverpool cablegrarn said wheat on SPOT
is steady, but futures are declining in
sympathy with America. Russia is Of
fering more freely Argentina harvest
prospect continues to improve They do
not look for much further decline as de-
mand has been very large, however. sup
plies can be increased to a moderate ex-
tent. Nine loads were taken for export
at New York.
close. May selling to 74c. July sold to
741AGG74asc, both options closing weak at
low points. Cash wheat sold lower in
sympathy with the weaker option but
the trading basis was only slightly easier
No. l northern sold at &c under May for
the bulk and No. northern at PC under
to the lower grades some lots were un-
The following was the range Of prices:
Wheat open: High Low. Fri W Wed
Jug 49,. .7 5 - 5l@ 71ss 7 75z
Jan. 2: No. hard. 74Sc: NJ. ' northern
731Ac; No. northern, TIC: oats, 31@32c;
No. white oats, 32@321Ac; corn. Az 43c;
rye 46h@471kc: barley. 35@ss9c;o fax
81 21%, flax to arrive, $11S
Fiour-Millers look for q revival Of
business next week and expect demand
to increase materially. At present the
output is moderate, and at that is run
ming ahead Of daily sales. Miilers have
been able to clean up well on old bust
ness, and are starting the new year with
out much grinding assured, but G. pros
pect of good business in the fact that
have been holding off must replerish sooa
Shipments. 66,967 bbls. First patents, 81. 80
"a; SECOND 81 d.. patents 50 ,1otqs .S5; fret
2. 40.
Daily Wheat Movement.
The following are tire receipts and ship
mems at the principal primary wheat
markets:
Receipts. Shipments
IOledO ..........-.. ib,uu0 b,oOu
Detroit !. ............ 1000 1900.