The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-04
MODERN MILLER'S
REPORT BEARISH
Cash Demand Better, with No.
1 Northern Closing One-HaIf
Cent Over the May Price

Minneapolis Chamber of Commerce,
March 3.-With larger Argentine wheat
shipments, lower Liverpool cables, liberal
receipts here and fine weather over both
the winter and spring wheat country the
bears repeated their attack of the day be-
fore by hammering the market down on
the curb and opening the market half
cent lower than the previous close AS
was the case yesterday the weak opening
brought in some fair buying orders and
quick rally of half a cent resulted, the
market holding around the top price un.
til near the noon hour, when on account of
the dizziness prevailing the shorts con-
cluded that it was dull enough to cause
decline and started a selling movement
which carried the market back to around
the opening figures, and 1t looked az
though there might be another break like
we have witnessed couple of times this
week.
There We're several pieces of bear news
that crept in that tended to help the bears
In their campaign. One was report from,
Antwerp that cargo of Oregon, wheat
was to be reShipped to New York, but New
York reported back that it was 10, 600
bushels for a miller there, another report
said it was $4,000 bushels. being the last
available from Antwerp now, which could
come in free of duty. The Modern Miller's
report was also rather bearish, claiming
that the winter wheat where IL shows
above ground was in a healthy condition.
Other reports emanating from sections of
the northwest, say that farmers are plow-
ing and dragging their fields, and II
the mild weather continues that next
week will see more or less seed going into
the ground: that the farmers realize the
benefits of early seeding to escape the rust
blight which attacked the late sown wheat
last year
During the noon hour the market be-
came more active with the bulls having
things their own way. From the last dip
they ran the market up over a cent the
advance being checked by selling against
calls. which caused moderate reaction,
the market closing firm and fractionally
higher than the day before.
The cash demand was rather good to-
day, especially for the better grades. Lo-
cal millers were in the market for quite
a little wheat, and interior millers were
also fair buyers, elevators also bought
whenever they could hold of a sample that
suited their wants. 1t is said that Mis-
souri, mlllers have purchased quite lit
tie of the low grades the past few days
10 be shipped to their mills to mix with
also quite a little better, millers having
booked some fair sized orders the past
two days.
May wheat opened at s1.12A, rallied to
$l12A, reacted to $l12as worked back to
s113k and closed at $1.131s@113A. July
to $I;O92s a ;O9%; on the rally sold at
$110& and closed at s1.10as @1.101k. Sep
TENDER was more quiet, the opening was
at 921ac, sold at 92%c reacted to 92ssc.
rallied to 92%c and closed at 92%c
Minneapolis stocks decreased $4,000
bushels for the week. Receipts. $50 cars,
against 252 a year ago; Duluth, 8, against
6; Chicago, "a, against II; Kansas City.
81, and st. Louis $1,000 bushels. Clear
ances of wheat and flour 1872 600 bushels
and for the week 907 ,000
Primary receipts 372, 600 bushels, against