The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-02
BEARISH SENTIMENT
PREDOMINATES
Pit Crowd Extremely Bearish
and Sells the Market
Down

Minneapolis Chamber of Commerce,
T. April 1.-The weather map was again
very favorable to the growing crop, and
this is acting as a check to bullish en-
thusiasm, cables this morning were also
lower, which the bears used to good adj
vantage in opening the market weak and
lower, The posting of our contract stocks,
showing a decrease of about $4,000 blu,
gave the bulls a little courage and they
advanced prices fractionally and held the
market rather steady at a slight decline
from the opening figure for a short time.
Later the contract stocks were corrected
and showed an increase of about 127, 900
bu This was too much for the bulls and
they let go of their early purchases, the
market turning weak and suffering a
which declined &c from the opening figure
while July only dropped a cent.
Woodwork Calumet and a few of the
elevator interests We're good sellers of
May all day. while Whallon, Case & Co.
bought quite little July. The support
to the market. was very slight even on
rallying power, when shorts did a little
covering. 1t has been a very active mar
ket. with the bears using every endeavor
TO depress prices and they are talking 90c
for both May and July wheat. AS long as
the weather continues as favorable as it
mas SO far this spring the bears are not
do cover little wheat on the weak spots.
1t Is to only put it out again on any little
rally.
There We're some reports from Kan
sas of bullish character received on
change" today, but you could not find
a trader who would believe them they
are are all SO bearish that they will not be-
lieve anything or at least pay any atten-
hon to any news of a bullish character
at the present time. The cash demand was
again good today, especially for good wheat
and this class of offerings were cleaned
up early in the session; the off grades
Were a little slow and dragged somewhat
interior millers continue to pick up quite
little wheat each day and shipments
are on a fair scale for this time of the
year; shipments of flour continue to run
about the same, in the neighborhood of
b0,000 brls per day.
May wheat opened easy and AMKc
lower at 81 OS9s al. 0Sh, which was the
high point for the day, from this prices
sol, sold down &c &c to 81 OS5s. raying and clos
s. a.92%,, broke to $1.O1A. closing at 81 OF.
September opened at S41kc, sold at S4%c
declined to size and closed at s4lzc.
Minneapolis stocks decreased 1901 900 bu
Tor sone day. Receipts, 1877 cars, against
e aes year ago; Dg 1 g. against AZ Chi
st. Louis $4,000 blu. Clearances of wheat
and -four, 10000 blu. Primary receipts.
$1,000 bu, against $4,000 blu a year ago.
5Sfnl apId ls5, 600 blu, against 1000 bu
Fl. pa; Australian shipments, 1,36S, 900 bu
last last week, I1S4,0O0 bu; last year, LES
Liverpool wheat closed A@%d lower.
London and Antwerp unchanged, Berlin
NC lower. Budapest not reported Paris
wheat ~ confines lower, flour not re-
ported.
Nicollet of the Kansas City Star has
the following from one of the best posted
gram men in southern Kansas: II do not
think Harper, Sumner and Sadgewick
counties will raise over half crop of
wheat, and keystone Oklahoma two
third think those further south who
are expecting SO much from late sown
wheat will be badly Disappointed
Chicago Cash Business: Purchases of
cash wheat by millers in Chicago Friday
We're 10000 bu mixed lots There were
no changes in prices of No. red winter.
no. z hard or No. l northern from those
NJ U Ihe previous day as compared with the
May Nay. No: hard sold at SIC f. o. b.;
no; hard, CSC to $1.05; No. hard,
wheat. 40 'i'' ms
St. 5ca LS o. Is vas easier at SIP for No.
City advanced Kc to 1c, with No. , hard
99c to sl.O4 and No. 3 hard 97c to $10O.
All offerings of corn were picked up at
Ac to lc advance. No. 3 selling at 46hc
10 4tc. Sales here were 200, 900 bu in
Guiding $4,000 bu for eastern domestic
shipment, balance being for export Oats
advanced Ac to &c with sales 1850 blu
bu corn for export.
Weather: The map shows heavy rains
In Nebraska and few scattered show
iiiiOiSs NdISdS and missouri gen
eraI rains or snow in Minnesota and Man
ieeba, local rains in South Dakota. Fem
peTature about stationary in Canadian
MoEthWest and generally higher elsewhere.
Generally cloudy northwest and in Ne
DraSka, Kansas and Oklahoma Fair IN
clear elsewhere. In extreme north Hand
northwest 1t is generally cloudy. ID tn a.
degrees above. Precipitation o2 TO 30
and raining at Winnipeg. Northwest Is
generally cloudy. "A to 40 degrees above
precipitation Huron, 20 st. Paul trace
Moofhead 90. Duluth 80 ana snoxviro
Foreea s 0" chieaso partly ard s;l9ndy
= dy cloudy tonight and Sunday. not much
Gnange IN temperature; brisk northeast
Z Winds; Illinois. upper Michigan. Wiscon-
SIN, minnesota, partly cloudy tonight will
- PROBABLY rain. Indiana. lower Wichi@an
parity cloudy tonight and Sunday Mis-
souri,, Iowa, increasing cloudincss wiz,
ProDaply showers Sunday and in west
poIlion tonight. North Dakoto nartiv
cloudy tonight and Sunday South Da,
kota' probably showers tonight and Saw.
gay. Nebraska. Kansas rain tonight o,.d
Sunday. oe''' aio
Closing Cash Grain Prices
=, no; l hard. $1.1l%; No. 1 northern
S3c"' g. no. northern s1.041s I.05x;
S 90. wheat. 9Gls I9sMc; No. i drum
S9c. NO yellow corn. 44Ac: No corn
aoG no; oats. 27AQ27%c; No. 2 Whit
VaIS 28Ac: Barley. S7643c. RYE 5sW
VHzc' NO. l fax, s1.3SA: Nc. f,S