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22 SUMMARY OF THE DAY'S TRANSACTIONS IN THE MARKETS CONTRACT STOCKS INCREASE 263,000 CLOSING WHEAT QUOTATIONS AT LEADING MARKETS —May Wheat— ; :- —July Wheat— Saturday. Friday. Saturday. : Friday. Minneapolis $1.07 $1.08% $1.01%-02 $1.02% Chicago 1.15% 1.16% .87%-% ,87%-S8 Duluth 1.03% 1.05% 1.00%-% 1.01%' St. Louis 1.03 - 1.03% .82% .83%-% Kansas City 94% .95% .77% .77%-78 New York 1.09% 1.10 * ' .82% ♦"-■.' .92% RANGE IN MINNEAPOLIS PRICES ■-.-•< • Closing ■ "Wheat. Open. High. Low. Saturday. .Friday. Year Ago. May $1.08% $1.08% $1.06% : $1.07 . ; $1.08% $0.95%-% July 1.02% 1.02% 1.01%-02 1.01%-02 1.0274 .94%-% Sept 84% .84% .83% .83% .84% - " » Oats. • -■••-■-.:-^-'_-■"; May 28 .28 .28 .28 ' .28%-% ..... CHICAGO QUOTATIONS ~ Chicago range of prices April 8: —Closing : ■ Wheat. Open. High. Low. Saturday. Friday. Year Ago. May $1.16% $1.17 $1.15% $1.15% $1.16%- $0.94% July 87%-8S .88-%. .87% .87%-% .87%-88 .87%-88 Sept 83%-% .83*4-% .82% .82% i .83%-% .81% Corn. May 48%-% .48%-% .47% .47% .48% .53% - July 47% .47% .47% .47%-% .47% .61%-% Sept ...... .47% .47% .47% .47% . .47% .50-% Oats. ■ May 30-% .30% .29% .29%-30 .30 .38% July ...... 29% .29%-% .29% - .29% .29% .37% . Sept 28% .28% .28% .28% .28% .32 P0rk. .12.87% 12.90 12.82% 12.82%. 12.90. 12.50 - May 12.87% 12.90 12.82% 12.82% 12.90 12.60 July 13.10-12 13.12% 12.82% 13.07% 13.15 • 12.67% Lard. May 7.27% . 7.27% ; 7.22-25 7.22-25 7.27% 6.55 July 7.45 7.46-47 7.40-42 7.40-42 7.45-47 6.72% Ribs. :.—V May 7.12% 7.12% 7.10 7.10 7.05 6.45 July 7.36-37 7.37% 7.35 * 7.35 7.40 6.62% SELLING OF MAY THE FEATURE Light Receipts But Poor Cash Demand Except for INo 1. Northern Minneapolis Chamber of Commerce, April B.—Liverpool wheat closed strong and higher, due to the reduction of the Spanish duty from 6 to 4 pesetas, equal to about 15 cents per bushel. Our re ceipts were small, but all this was lest sight of by the increase of our contiact stocks of 263,000 bu. Shorts started a sell ing movement on the curb and opened the market weak and May %c lower, July %c lower. Trade was very light up to within half an hour of the close, with prices holding about steady at a little be low the opening figures. During the lat ter,part of the session the bears became more confident and began to hammer the market down. They had considerable help In the May future, where holders are getting out and replacing their lines in July, which narrowed the difference to 5c discount, a gain of l%c for July dur ing the past two days. It has been a slow and uninteresting market all day, the amounts traded in being of a professional character among the pit scalpers. The crowd is very bear ish and put out fresh lines of short wheat on all little rallies, which today were few and far between. The close was heavy and at the low point of the day for both July and September. May rallying 14c from the low point at the close. The cash demand was reported as rotten, except for No. 1 northern which, which sold readily at around 3c over May price. Millers are not in the market to any extent, there Is a MINNEAPOLIS . OMAHA Edwards- Wood j MAIN OFFICE jf% -^ Fifth and Robert Sit., !■ R ST. PAUL. MINN. (INCORAT^ " — «—^_ DEALERS IN Stocks, Grain. Provisions Ship Your Grain To Us Best Facilities. Prompt Returns. Liberal Advances. DULUTH * WINNIPEG > O'Connor & Van Bergen | I; Stock* Brokers I Grain jI; eondt | JJI UhCl O |Provli'e»t| | \< 341 Robert Street, St. Paul, Minn. <[ 11 Members Chicago Board of Trade. 'i I Butter—Eggs—Poultry Butter —Eggs—Poultry Wo Buy Hand Separator Craam 19-33 EAST THIRD STREET S. B. SHOTWELL S CO. GRAIN-STOCKS National Carman American Bank Building Chas. L. Haas Commission Co. Llva Stock Commission Merchants. Room 10, Exchant* B-de.. Union Stock Yards. S» St Paul. Minn., and Union Stork Yards, Chicago.lll l-lbor.i advances mad* en consignment* A. J. CUMMINGS Member Minneapolis Chamber of Com ;:'t-'-\merce and Duluth Board of Trade. GRAIN COMMISSION PROVISIONS — STOCKS — BONDS Office: Main Floor Dispatch Building, • v;:< ST. PAUL. GOLDFIELD Wo own about a mile of rich geld quartz ledges in midst of the best groups, all paid i for, no debts. Come in with us at bed rock, charter member cost. Price will ad vance quickly. Mcn»"y returned if not satisfactory. Write today for full informa , tion. .. GOLDFIELD LEDGE MINING CO., 774 Exhchange Bldg. - Denver, Colo. 120 POINTS FOR INVESTORS Intended t<> answer qii-silor.s a>k".i or that should be asked by any prc^nt or prospectlre Inrcntor in • . MIMXB, Oil. OK IM>C*TRIAJ. STOCKS for th« r-oti'ctlon of their own intcrwt*. ■. - ■-. •_, RJCVISKI) KIHTION will be m«"-d tree on recucrt. »OGCL.\M, I>\CKV A t'Ci'lUnlcn, .. • 3 £:-..=•:<:uj uxhX 17 New Street, >;«h l»rk Citj. rather steady demand for small quantities from the interior mills, but not heavy enough to take half the offerings. „ The government report which is due Monday is expected to show a condition of between 88 and 90 on winter wheat April 1. A condition of 90 would indicate a crop of over 15 bushels to the acre, and if maintained up to harvest time would yield about 475,000.000 bu. A condition of 90 in Kansas would mean a crop of 100 - 000.000 bu for that state. Secretary Co burn of Kansas today reported the condi tion at 95. The December condition was 82.9 and April 1 last year 76.5. In the past eighteen years Kansas has only had four years where the condition on April 1 was 90 or over; most of the time it has ranged between 80 and 85. May wheat opened easy and %c lower at $1.08%, sold at $1.08%, dropped to $1.06% and closed at $1.07. July opened at. $1.02%, sold at $1.02%. broke and closed at $1.01% ©1.02. September open ed at 84%, sold up to 84% c and closed on bottom at 83% c. Minneapolis stocks decreased 100,000 hu. for one day. Receipts 146 cars, against 93 a year ago; Duluth 7. against 16; Chi cago 15, against none; Kansas City 33. and St. Louis 28.000 bu. Clearances of wheat and flour 70.000 bu. Primary re ceipts 287.000 bu, against 312.000 bu a o^nn s u; slliments 194.000 bu. against I 291,000 bu. Australian shipments 920,000 bu; world's shipments estimated. at 9,600 - 000 bu. Liverpool wheat closed %@%d higher Berlin %c higher. Budapest %c lower Paris wheat 10 centimes lower; flour 2 centimes lower, London and Antwerp not reported. . Liverpool—There was a firm opening fJZ,}- ,rnornin G. wlt prices %6 higher. Additional gains were made later of aid In May and July and Y*d In September. ?/ ni? £'• L h'' IV.V, thf^arket was nominally Md higher still. The principal- factor causing the strength was the reduction In the Spanish duty on wheat from 6 to 4 pesetas per quintal, equal to about 15c per bu. The normal duty is about 32c per *"** on flour has been reduced to correspond. with wheat Other factors were the cargo sales to the continent yesterday and the moderate world's ship ments estimated. Corn— the mar ket had been %d higher in both months July remained unchanged, but May de clined iid on talk of liberal American shipments. The strength in wheat later caused a reaction of %d. however. Broomhall estimates the world- ship ments for this week at about 9,600 000 finnn<£ ln hich TEurope wIII take about 8.000.000 bu. He predicts a moderate de crease on passage. Arrivals of bread stuffs into the united kingdom during the past week were about 4,400.000 bu 1 8 ««o6An« 3'5 00 bu the Previous week and 3,608.000 bu a year ago. Chicago Cash Business—Trading In cash v wheat Friday was limited to 20. --000 bu. Contract grades are relatively the same as heretofore, as compared with May. Sales of car lots of No. 2 hard were at $1.00 to $1.02. Kansas City said good wheat was wanted and Prices averaged higher, No. 2 hard selling at $1.01 to $1.06. i»T,; 4 3?. ls P; es were lc lower, with *&* £*£}?£• At the 9Laboard exporters sold 56.000 bu corn. Weather—Clear weather everywhere, with no precipitation in past twenty-four hours. Slightly, cooler in Canadian northwest and parts of Ohio valley. Ris ing temperatures west and southwest. In the extreme north and northwest It is partly cloudy. 26 to 42. Northwest gen erally clear, 32 to 48. West and south west generally clear. Forecast— Indiana, Lower Michigan—Partly cloudy tonight and Sun day, with probably light showers. North Dakota. Nebraska, Kansas. South Da kota—Partly cloudy tonight and Sunday. Upper Michigan. Wisconsin—Probably showers tonight and Sunday. Missouri— Generally fair tonight and Sunday Mm- : nesota, lowa—Partly cloudy tonight and Sunuay. with probably showers in east portion. Closing Cash Grain Prices !ilnQiir.ii 1& *Ixl2l^1 x l 2l^ No- 1 northern. *1-2 9%®1.10%; No. 2 northern, $1.04® 1.05; No 3 wheat, 94<g>97c; No. 1 durum, ao CJ Nxi 3 >'ellow c °™, 44% c: no. 3 corn, £%?'££• 3 ? ats> 27%@28%c; No. 3 white oats. 28% c; barley. 37@43c: rye. 76*4 fc> 1814 c; No. 1 flax on spot, $1.38%; No 1 ZiJlgSi.**™ No- 1 lla A?rU Puts and Calls Minneapolis May puts *104 calls, 'ii 8'l"i A»rb 51-06 July puts $1.00%, calls $1.02%, curb $1.01%. Milwaukee May wheat puts $1.12; calls $1.17%; July wheat, puts 86^(5:86%c. calls 87-* ( (g)%c May corn puts 47%@47%c, calls 48c; July corn puts 47; 8 c, calls 47%@47%c. . Minneapolis Receipts and Shipments -, I. -v Receipts. Shipments. Wheat, bu 132,860 08,870 Corn, -bu.... 950 - Y o-Ot" Oats, bu 20.300 " 51.666 Rye bu.. ..... 2,920 970 Barley bu 14,140 890 Flax, bu 7040 4,900 Flour brls IA. 60 ; 61 i MINNEAPOL!S_CASH MARKETS Corn ■ Easier, Barley Firmer and Others '.■.;>-> Steady, Market Quiet Flax—There is a good and steady de mand for all arrivals and prices are firmly held. No. 1 flax on spot closing at $1.38*1: to arrive and April shipment, $1.37%. Re ceipts, ii cars; shipments. 0 cars. ~- - Market nominal and: fractionally easier, only 1 car in and none shipped: No. 3 yellow closed at 44»ic. ■ Market steady, with a fair gen eral demand; No. 3 white closing at 28% c Receipts. 14 cars; shipments. 34 cars. Rye—Market firm, with a good demand aa?assis&-3-&^ S; Receipts, 4 cars; shipments. 1 car. Barley—A- little better demand and mar ket strong; malting selling at 40@43c and i^tfwSK? R£COlpts- 14 «& W Feed and Meal—Coarse cornmeal and Imp «nd vrn,' In sac sacks extra, $16.25 fA« «nNiK X ground feed. 23 corn and 1-3 ?- fo. Xt lb o sack sacks extra. $16.76® 17.00: No. 2 ground feed. % corn and % oats SO lb sacks, sacks extra, $17.26© liil 0 ' -k°-ik BloV nd fee 1 " 3 corn and 2% IS 06 sacks, sacks extra. $17.75© Millstuffs—Bran in bulk. $12.50012 76* shorts. $12.50@12.75; middlings. $15 500 10.00; red do. $18.50; all f. o b. Minna? X lis:, In. 200 lb sacks, • $1.00 per ton ad dltlonal: in 100 lb sacks. $1.60 per ton ad ditional^ Shipments. 1.603 tons - Hay—Reported by Cleveland & Co ■ The hp\ market is firm on the better grade! n A miOlhy, an -7-» d- : Receipts rSnnlM light and have been moderate the nast week, More No. .land:choice gracies of THE ST. PAUL GLOBE. SUNDAY. APRIL 9. 1905 both timothy and wild wanted than comes in and arrivals of such are quickly taken at full prices. Timothy, choice, $9.5QQ 10.00; No. 1. $9.00@'9.50; No. 2. $7.6008.6tr, No. 3. $6.00©7.00; upland, choice. $7.60® 8.00; No. 1, $7.0007.60; No. 2. $5.00®6.00; No. 3, $4.00@5.00; midland, $4.00^.6.00; swale, $3.00@4.00; rye straw. $4.0905.00; wheat and oats, $3.50fe4.60. Shipments, 40 tons. GASH SALES Minneapolis, April 6 «*Jo. 1 Northern— $1.10%; 2 cars. $1.10%; part car. $1.10%; 1 car, $1.11%; 1 car, $1.11%; 1 car. $1.10%. "'r ' ■'.' •Mb. 2 Northern—4 cars, $1.06; 7 cars, $1.05; 1 car. $1.06>4. • • '•••-- .-,,.-_. . No. 3 Wheat—l car, 95c; 1 car, 99c; 5 cars, 96c; 1 car, 97c •: . . - • . - No. 4 . Wheat—4 cars, 88c; part car. smut, $1.00; 1 car.SGc; 2 cars, 90c; 1 car. choice. 91c; 1 car. 89c; 1 car, thin, 83c; 1 car, 87c. - - - Rejected -Wheat— 2 cars, 70c; 1 car, 56c; 2 cars, 62c; 1 car, 69% c; l car, 55% c; 1 car, 75c; 1 car. 66c. • No. 4 Corn—l car 43Vic. ■ No. 3 White Oats—l car, 29c; 1 car, 28% c. ■--' • No. 4 White Oats— cars. 28% c. No. 3 Oats—Part car. 27% c. ' - No. 2 Rye—l car, 78c; 1 car, to go out, 78 %c. No. 3 Rye— car, 73 %c. No. 4 Barley—l car, 41c; 1 car. wheary, 38% c; 1 car. 39% c; 1 car, 42% c; 1 car, 42% c. - • No. 2 Feed Barley—2 cars, 39c; part car, 37c; .1- car. 37c. —• .- » - --^-- •-». - Rejected Flax— car, $1.35; part car, $1.35. - l lgt'-^wj#»^BißfaiwwiJ»»|Mwpfcawß| STATE GRAIN INSPECTION Inspected In — Wheat — Cars — Great Northern—No. 1 northern. 13; No. 2 northern. 25; No. 3, 18; No. 4, 21; re jected, 10: no grade, 1. 0., M. & St. P.—No. 1 northern. 1; No. 2 northern 3; No. 3, 4; No. 4, 12; rejected, 13; no grade. 1. M. & St. L—No. 1 northern, 1; No. 4, 1. Soo Lino—No. 1 northern. 9; No. 2 northern, 16; No. 3, 4; No. 4. 2; rejected. 3. Northern Pacific—No. 1 northern, 1; No. 2 northern, 2; No. 3, 6; No. 4, 6; re jected, 2. C, St. P., M. & O.—Ne. 3, 1; No. 4. 2; rejected, 2. Minnesota Transfer—No. 3, 2; reject ed. 2. Totals—No. 1 northern, 25; No. 2 north ern, 46; No. 3, 35; No. 4, 43; rejected, 32; no grade, 2. Other Grains—No. 3 durum wheat, 1; No. 3 winter wheat, 2; rejected winter wheat, 2; mixed wheat, 4; No. 3 com. 1, no grade corn, 1; No. 2 white oats. 1: No. .3 white oats, 8; No. 4 white oats, 9; No. 3 oats, 3; No. 2 rye, 3; No. 3 rye, 4; No. 4 barley, 7; No. 1 toad barley. 9; No. 2 feed barley, 17; no grade feed barley, 2; No. 1 northwestern flax. 7; No. 1 flax, 18. rejected flax, 5; no grade flax, 1. Curs Inspected Out—No. 1 northern wheat, 67; No. 2 northern wheat, 93; No. 3 wheat. 46; No. 4 wheat. 33; rejected wheat. 11; No. 3 winter wheat, 11; Re jected winter wheat. 3; mixed wheat, 1; western wheat, 3; No. 3 corn, 12; No. 4 corn, 1; No. 2 white oats. 4; No. 3 white oats, 66; No. 4 white oats. 1; No. 3 bar ley, 1; No. 4 barley, 14; No. 1 feed bar ley. 3; No. 2 feed barley, 10; No. 3 rye, 1; No. 1 flax, 5. DAILY WHEAT MOVEMENT The following arc the receipts and ship ments at the principal primary wheat markets: Receipts. Shipments. New York, bu 15,000 39 915 Philadelphia, bu 960 Baltimore, bu 5,082 Toledo, bu 1,000 6.000 St. Louis, bu 29,000 44 000 Boston, bu 8,188 Chicago, bu 47,200 24,173 Milwaukee, bu 22,000 970 Duluth. bu 11.552 2.000 Minneapolis, bu 132,860 68,870 Kansas City, bu 44,800 46,800 GRAIN IN REGULAR ELEVATORS Minneapolis, April 8 Week Week Ending. Ending. XT , . . April 8. April 1. No. 1 hard 23.177 23.177 No. 1 northern 4.775,268 4.512.420 All other grades 5,926,240 6,855,166 Totals 10,723.685 11.208.389 Decrease 484,704 216,415 Corn 80,599 80,303 Oats 3.652.164 4.360.640 Barley 1,001,604 1.010,321 Rye 66.476 67,678 Flax 1,468.370 1,480,407 SPECULATIVE GOSSIP More wheat will be raised in the spring wheat territory this year than ever be fore, especially across the line in Canada, says E. J. Murphy, auditor for A. J. Cummlngs, who has just returned from an extended trip through the Northwest, and as farmers had a good fall for plow ing and getting their land In shape. Mr. Murphy further says an early seeded crop will be the outcome. Kansas City—Following letter from Al ton (Kan.) grain dealer: "For some rea son nearly all the growing wheat is turn ing yellow. Talked with several farmers today and all say it is a fact. The writer had not examined it, but some of the farmers, however, claim that there is a worm in it. To what extent lam unable to say. I hope, however, it will not ter minate seriously. Will write you later re garding this." Chicago—The markets are very quiet, everybody waiting for the government re port to be out of the way. There is more of that buying of May corn and selling of July this morning. Chicago—Market opened unchanged, with very light trade and without fea ture. Bartlett a good buyer of July corn. Chandler and Hulburd Warren sellers C. A. King Co. of Toledo wires: Kan sas April report wheat condition, 95, last December 88. national report 81. vf-ar ago 83. Crop last year badly damaged by floods in June turned out C 5.000.000. Chicago—Rather easy tone to oat?. Sell ing is by local traders led by Friedman and Tuttle. About only demand Is by commission houses on resting orders Kansas City—Cobum's report on Kan sas condition winter wheat 9a. It is about five points better than anticipated. Chicago—The markets are very quiet everybody waiting for the government re port to be out of the way. There is more of that buying of May corji and selling of July this morning. New York—All the Informatiorv-on Ca nadian Pacific is of a decidedly bullish character. Advices from London and Canada indicate that the stock has beer, heavily bought; these interests and an upward movement will be carried much higher. It is predicted that it will cross 160 in early part of the coming week New York—Mclntyre says: The outlook for the bank statement is that it will not show any Important change either wav in surplus reserves and will therefore not be a factor in the market. New York—Opinion seems very gener ally held that St. Paul stock Is to have very substantial advance. Men who have had good information regarding properties controlled by the same interest who con trol say the latter property is even claimed that one large interest has sold his holdings for about $75 a share above the present market quotation. New York—The market closed irregu lar, but on the whole shows a lower range of prices. Throughout the market displayed much nervousness prices changing very rapidly. The independent steel properties were under pressure, but the United States Steels showed stubborn strength. The bank statement was not a factor. . The character of the market seems to "us intensely professional The advance undoubtedly Invited profit taking on a large scale and the market does not look as healthy as It did earlier In the week. If present manipulation continues In the Industrial department, we would not be surprised to sea lower quotations of railroad stocks. New York—The week ends with a fair ly good reaction In progress owing to the great advance In the Industrial list for the week. We think the profit taking will do the market good and put it in a position for a: further advance next week. There was little news going around and the re action was the result of realizing for over Sunday. We expect the railroad stocks to be leaders next week and favor buying the good ones on reactions like the present one. NEW YORK COTTON NEW YORK. April -Cotton . futures closed steady: April. 7.61 c; May 7.64 c; June, 7.55 c; July- 7.68 c; August. 7.60 c September. 7.64 c; October. - 7.72 c; Novem ber,. 778 c; December. 7.79 c; January, liln'. SB!&,? loßed ,dull: mWdllns uplands. 8.05 c; middling: gulf,;B.3oc. Sales none. FOR A RECAPITULATION OF THE PREVIOUS WEEK'S MARKETS SEE MONDAY'S GLOBE TRADERS WAITING ON GOVERNMENT REPORT Easier Tone to All Markets- Kansas Reports Condlton of Wheat 91 CHICAGO. April B.—Decreased de mand for flour in the northwest was a leading cause of weakness in the wheat market here today. Fresh reports from the southwest telling of excellent crop prospects, tended to emphasize the weakness. At the close May wheat was down %c. July wheat is oft \c. Corn shows a loss of Vi@%c, oats are unchanged and provisions made a net decline of 5@7%c. Wheat The wheat market was weak from the start. Notwithstanding a sharp advance at Liverpool, the result of decreased shipments from Australia, the opening quotation for May here was *4@%c down at $1.16 Vife 1.16 Vs- July was varied from a shade advance to %@%c decline, at 87\@88c. May was under moderate selling pressure from several prominent bull traders and with very little demand, the price quickly receded to $1.15%. July eased off in sympathy to 8794 c after touching 88@88%c. Trading was quiet and the volume of business was very small. The dullness was due largely to uncertainty regarding the government report which will show the condition of fall sown wheat and is generally expected to be exceedingly bearish. The May delivery was nervous the greater part of the day. On covering by shorts, the price was quickly bid up to $1.17. The more distant deliver ies, however, were inclined to drag. The Kansas state report showing the condition of winter wheat to be 91 per cent, as.against S3 per cent a year ago was a bearish factor in late trading. A more decidedly weakening Influence was a report from Minneapolis that the flour mills there would soon close down owing to poor demand for flour. Renewed profit taking followed and May became quite weak Just before the close, declining again to $1.15%. July sold off to 87% c. The market closed almost at the lowest point with May at $1.16%, July at 87%@%c. Clearances of wheat and flour were equal to 70,200 bu. Primary receipts were 287,500 bu, compared with 214,200 bu a year ago. Minneapolis, Duluth and Chicago reported receipts of 168 cars against 214 cars last week and 123 cars a year ago. Corn The inactivity and weakness of the wheat market was reflected in the corn pit. Trading was very quiet. Pri mary receipts double those of the cor responding day a year ago and expec tations of greatly increased shipments from Argentina were bearish in fluences. Closing prices were at about the lowest point of the day. July opened unchanged at 47T4c, sold off to 47 %c and closed at 47%@%c. Local receipts were 227 cars, with 15 of con tract grade. O«ts Business in the oats pit was dull, considering the weakness of other grains and market had a firm under tone. Smalt receipts and prospects of a continuance of Bimilar conditions gave support to prices. Trading was mainly of local character. July opened unchanged at 29% c, sold between 29% and 29%@%c, and closed at 29% c. Local receipts were 87 cars. Provisions Provisions had a quiet day with a tendency slightly in favor of lower Prices. A small decline in the price of hogs was a bearish influence. At the close Jyly pork was off 7%c at $13.07%. Lard and ribs were each down 5c at $7.40<fr7.42%, and $7.35, respectively. Estimated receipts for Monday: Wheat. 38 cars; corn, 415 cars; oats, 54 care; hogs, 40.000 head. Cash quotations were as follows: Flour wa? easy; winter patents, $4.90« 5.00; straights. $4.40@4.80; spring pat ents, $5.00^5.40; straights $4.30@4.80; bakers-. $3.^0©3.60. No. 2 sprine wheat, $1.10§l.15: No. 3. $1.02@1.14; No. 2 red, $1.15%©1.18. No. 2 corn, \l\q- No 2 yellow, 48 3 4 c. No. 2 oats. 30"&30%o; No. 3 white, 30W32Vic. No 2 rye, 78<a78»*c. Good feeding barley. 37<fi39c; fair to choice malting. 43®470. No. 1 flaxseed. $1.23: No. 1 northwestern. $1.37. Prime timothy seed. $2.35@275. Mess pork. n<<r nrl. H5.75513.85. Lard, per 100 lbs $7.10 07.12)6. Short ribs sides (loose), $7.00® <-12%. Short clear Bides (boxed), $7.00 iS 7.12%. Whisky, basis of highwlnes. $1.31 Clover, contract gmde, $14.35^14.40 Reeclpts—Flour. 23,100 brls; wheat 47. --200 bu; corn, 497,800 bu- oats, 168,200 bu; Tye. 1.000 bu; barley. 55.000 bu. Ship ments—Flour. 31.000 brls; wheat. 24 "00 bu; corn. 450.700 bu; oats. 221,000 bu rye, 1,000 bu; barley. 12.700 bu. On the produce exchange today the butter mar ket was firm; creameries, 22@28c; dairies, ~0@25c. Eggs firm; at mark, cases in cluded, 16% c. Cheese steady, 12%<fr13%c OTHER GRAIN MARKETS New York— Flour—Receipts, 20.081; ex ports. 5.072: dull and unchanged; •winter patents. $5.25^5.60; winter straights. »5-00@5.15; Minnesota patents. J5.604i> 6.10; winter extras. $3.50©4.15; Minne sota bakers, J4.00«r4.40: winter low grades, *».40@4.50. Rye flour quiet- fair to good, *3.40©3.65; choice to fancy. $4.70 @4.90. Buckwheat flour nominal. " Corn meal barely steady: fine white and -yel £?\»'Vro^ 081"8* new« «-OS@l.lB; kiln dried. $2.8003:00. Rye nominal. .Barley dull: feeding. 44 Vie c. i. f New York" malting, 46©>62c c. i. f. Buffalo. 'Wheat- Receipts. 15,000; exports. 39,915; spot easy; No. 2 red. $1.03% nominal elevator; No. 2 red, $1.11% nominal f. o. b. afloat- No. 1 northern Duluth. $1.12% fob afloat; No. 1 hard Manitoba. $1.01% fob' afloat; options- opened steady on higher Liverpool cables, but acted weak all the forenoon under fine weather . news ex pectations of a/ bearish -crop report and liquidation. The close was %c to %c net lower. May $1 6*H«l.lo^. closed $1 09H Rfi# ,9£^ 2VV lo:f d 2-* c: September 86 15-16fflii7 c. closed 87% c Corn—Re ceipt?. 185^75; exports. 106.044; spot steady; No? 2/ &7 C elevator, and s"i^c f. o. b. afloat; No. 2 yellow. 53»ic- No » white. 52% c. Option market was quiet and without feature in New York, closing \c lower; May closed M%c; July closed £ 3f««. Oats—Receipts, 94.500 bu; "exports 5.685; spot little slow; mixed oats "6 to •2 pounds, 36@3614c:''natural white, 30 to 82 pounds. 36%@37%c; clipped white, 86 to 40 pounds, 38@40c. - DULUTH Duluth. Minn.—The market was weak and lower and sold oft lc to %c under very light trading. The market was fea tureless. Two grain cargoes were shipped today and lake navigation Is open to low er lake Dorts. There is no demand for eastern shipment now. Flax was little chang-ed. Receipts—Wheat 7 cars flax 6 oats 15, barley 7. Cars on track, 36. Ship ments—Wheat, 2.000 bu. Close: Wheat, cash No. 1 northern, $1.02%: No. 2 north- 96% cto $1.00 Vi; May. $1.03*; July, $100*4; September. 84% c; durum, 90c to lie. Flax. cash. $1.39; to arrive. $1.37%; September. $1.22; October, $1.22%. Oats, 29fcc. Rye. 77c\ MILWAUKEE Milwaukee. Vis—Flour—Steady. Wheat —Dull; No. 1 northern. $1.12%; No. 2 northern. $1.06frl.08; July, 87»4c asked; puts. 86%@86%c bid: calls, 87% c asked. Rye—Weak; No. 1. S4c asked. Barley- Firm; No. 2, 51c; sample, 40@50c. Oats— Steady; standard. 32»i@33c. Corn— Steady: No. 3, 47%@48%c; May. +7%c bid; puts, 47% c asked: calls. 48c bid. KANSAS CITY Kansas City, Mo.—Wheat—May. 94% c: July, <<%c; cash No. 2 hard. $1.01@1.05: «^a 3 n 98^$ 103: No. 4. 89@98c; rejected. 66«90c; No. 2 red. $1.04@1.07; No. 3. 99c «?$1.05. Corn—May. 44% c; July, 4414© &*m,c: September, 44c; cash No. 2 white. 45% c; No. 2 mixed. 46i,4@45%c; No. 3, 45tfj45»4c. Oats—No. 2 mixed, 30@30%c; No. 2 white, 31i,4@31%c. ST LOUIS St Louis—Wheat—Dull and weak; No. 2 red cash elevator. $1.03\: track, $1.09 c; May. $1.03^»c; July. 83^<?r835»c; No. 2 hard. $1.03@1.05c. Com—Small offerings, nrm; iso. 2 cash nominal, 46V-c; May 48% W46c; July. 46c; track. 47%«j48e. Oats— steady; quiet: No. 2 cash. 30c; track. 31® 31 %c; May, 28% c; No. 2 white, 32 %c. LIVERPOOL Liverpool—Wheat— Spot quiet; No. 1 California. 6s 9%d; futures steady. May, 6s 7Vsd; July. 6s 7*id; September. 6s 7d. 01 Qutel'' American mixed new. 4s 3%d; do old. 4s 10% d; futures quiet; May. 4s 4d; July. 4s 3%d. MARKET OPINIONS SIDNEY C. LOVE & CO. Chicago-Minneapolis There have been no developments dur ing the week which detract in any way from the remarkable promise for the new crop. Bear sentiment generated by this promise and encouraged by the state and Individual reports from all sections has increased as time passes, which brings the growing plant nearer the safety mark, and Insures an_earlier harvest and move ment than usual. On the maintenance of this favorable outlook speculation hinges. The popularity of the selling side in the face of high cash values is undlminished. and all arguments regarding relative val ues discounts crop dangers, and too san guine view of the continuance of present conditions without accident are naturally ignored or repudiated. It is a situation which offers excellent opportunities for trading on either side, keeping an eye always on the weather, and bearing in mind that crop conditions have been too good to get any better, and that the speculative situation represents a short interest of some magnitude, which would be easily disturbed at the slightest excuse for a crop scare. EDWARDS-WOOD CO. Fifth and Robert Streets Wheat—ln sympathy with the action of Chicago May, the wheat market has taken on new life and strength. Interest has shifted to a considerable extent to the more distant months, the trade is broader and price fluctuations are wider, and as a consequence there is an Increase in trail ing opportunities. Some disposition was noticeable during the week to make salos on account of favorable weather and the good crop prospects in the southwest, and advices to the effect that a large acreage has already been seeded to wheat in the northwest, so that the short interest is fully as large as at any time, and at the rate our supplies are disappearing the possibility of anything more than an oc casional temporary setback in the price is extremely limited. Shorts in Chicago alone have sold, ac cording to reports, not less than 20.000, --000 bu to the bull clique, and this interest has operated in other markets to such an extent that a good part of the supply of contract wheat, amounting to 8,461,000 bu in the five leading markets of the country will not be available for use on May 1, and the owners will be in a position to dictate the price at which short wheat may be covered. The statistical position has through the working down of supplies of the old crop to about the lowest possible point become very bullish. The consumption of wheat by Minneapolis and Duluth mills, accord ing to the Northwestern Miller, is 1,072, --000 bu larger than for the year before, and yet the production of flour was re duced by 1.670,935 brls. Flour stocks of the country represent only three weeks' run of the mills, and the orders on the books are claimed to be twice the number usual at this season in former years. Fur ther evidence of the strained condition of the market, and of the great demand for good milling wheat, is the big premium now paid for No. 1 northern, amounting to 2c to 5c over the near delivery month. This has occurred before in the last three years, but In each case it has been fol lowed by a material advance and the same ending must follow during the remaining four or five months. There is no mistaking the fact that the feeling on the buying side of wheat has improved, and the trade has learned something about the legitimate strength wheat possesses on its merits without the aid of manipulation. There should, how ever, be opportunities to average lines on little setbacks from time to time while trades are being evened up for the gov ernment report on Monday, but advantage should be taken of them and wheat held for deveh pments. Indications are that all favorable conditions have been dis counted. :jid the returns on wheat bought now will prove as satisfactory as at any time during the crop year. MINNEAPOLIS FLOUR MARKET There Is Little or Nothing New to Report, Prices Barely Steady Reports from the millers as to the de mand are conflicting, some report them as being fair, while others say there is no demand. Buyers continue to hold back, buying stuff in a hand to mouth way. Shipments, 50,514 brls. First patents. $5.90(^6.00; second pat ents, $4.i0f?4.80; first clears, $4.25@4.35; ■econd clears. $2.75®;:.96. (These are ail f. o. b. Id wood.) BOSTON MINING STOCKS BOSTON, April B.—Closing copper quo tations: Adventure. 6@6V4; Allouez 21% @21%; Arcadian, 1«4©1%; Arnold. 90$j/ 91%; Atlantic. Bingham, 32%@32 7i; Calumet & Hecla, 670@650; Centennial, 17%©18: Consolidated Mercur, Watt; Copper Range Consolidated,'77@77%; Daly West. 14@>14%; Dominion Coal. 53%; Elm River. 2JA@2*i; Franklin. 9?iiiJo; Granby, 6@6%; Guanajuato, 5@5U: Cwene Con solidated. 297^@30; Isle Royale, 25@25%; Massachusetts, 10%@ll; Michigan. 13% 14; Mohawk, 53@53%; Old Colony, 1@1%; Old Dominion. 26% ©27; Osceola, 99@99%; Parrot. 29Vi@29%; Phoenix. 1%@2; Quin cy, 1050106; Rhode Island, 1%@2; Shan non Copper Co., 7%; Swift & Co., 1090 110; Tamarack. 129 asked; Trinity, 93-;tp 10%; United States Mining, 29@29%; United States Oil. 9Vi©9%; Utah 43%@ 43%; Victoria, 4%®4%; Winona, 13@13%; Wolverine, 108%^109;-Wyandot, 1;i.@2%: Santa Fe, 2@2%. ' - • ~ NEW YORK PRODUCE NEW YORK, April B.—Butter strong; receipts. 4,957; street price, extra cream -^fc!7r29c; state'dairy, common to ex tia. ■l<)'tiziy I c\ renovated, common to ex tra. 164_i23c. Cheese quiet, unchanged- re ceipts, 2,111; weekly exports. 1,314. Eggs firm; receipts. 18,476; western storage packed, firsts, 18c; southerns. 15V4@17Hc Poutlry. live and dressed nominally un changed. BANK STATEMENT CONSIDERED GOOD DOMESTIC MONEY MARKETS noll «,«„«,, New York Minneapolis sfJL Ho" 67 *'•;»• Nominal New York exchange: Selling rate 5«r yni y Bterling ' •••• $4.84.45 51.00 premium; buying rate, 50c pre i*ar silver •••••••;•■• 55% mium. Chicago exchange: Selling SSTHLS" "■^ •SJS.OOO.OOO p^iS. To^Z^Zl^Tdo^ Cash balance $140,827,871 mentary exchange, $4.84. BANK CLEARINGS SATURDAY St. Paul .;. .^....:» -..... ....5842,050 I Minneapolis ."............ -. $2,466,686 PROFIT TAKING ON THE ADVANCE Market Shows Nervousness and Prices Change Rapidly NEW YORK. April B.—Prices under went a sharp reaction In the two hours of today's trading on the stock ex change. There was no development in the news to offer a clear motive for the selling, which was based more on the doubts in the minds of traders over the rate of advance during the latter part of the week than on any change in condition affecting values. Ameri can Smelting particularly showed the effects of recklessness of the recent speculation and after rising two points relapsed violently. An intimation was broadly conveyed that there was a hitch in the long discussed southern iron merger, and the stocks in that group collapsed. In Union Pacific it was very clear that the attempts to lift the stock were meeting with the obstacle of practically unlimited selling orders. The prevailing sentiment in the market attaches great importance to the movement of this stock as a leader, and the prospect of opposition to further advance was not relished. Foreigners Selling There was selling for foreign account and the depression abroad was attrib uted to reports that a naval battle was imminent in the eastern seas. The pos sibility of an important military event during the Sunday interval prompted speculative holders of stocks to lighten their loud. The bank statement show ed the surplus reserve unimpaired, but the reduction of the loan, it would not come up to the expectations, and the cash reserve showed a decrease of $2,662,000, in place of the expected small increase. With the surplus item at a low stage the improvement in con dition of the bank is not sufficient to relieve the apprehension that the 4'i per cent call money rate of Friday may not be an admonition of some further stringency next week. There was a sharp drop in sterling exchange in response to this condition, in spite of the selling of stocks for foreign ac count. There was some rally from the low point, but the closing tone was heavy. Total Bale of bonds, par value, $1,760,000. Steels Advance Sharply The tone of stocks was dragging and hesitating- during: the early part of the week, but developed increasing an imation and strength. The hesitation was more manifest and more persist ent in the railroad list than in the in dustrial section. The spasmodic ad vances in a large number of compara tively obscure industrial stocks was of doubtful effect on sentiment, but when United States Steel preferred emerged into prominence with an aggressive and sweeping advance the sympathetic effect on the general tone became more pronounced. The underlying strength of the business and industrial situa tion served as a buttress to the values of securities at all times, but some modifying factors contributed to the early mixed tone. The most effective of these was the contention, asserted by an important element among the commission houses and bankers, that the level of prices was already sufficiently high to repre sent adequately the improvement in conditions, with a danger that the process might be overdone by the overstimulation of the many uncon firmed rumors and mysterious reports which had been the motive for extend ed speculation In many stocks. Even the confirmation of these rumors, it was urged, would be the signal for heavy selling to take speculative profits, while a disappointment of the prospects held out might lead to an abrupt reversal of position in the mar ket on an extended account. Union Pacific Preferred Issue The unexpected news of the plan to Issue new Union Pacific preferred stock to the amount of $100,000,000, thus doubling the present issue, caused a perceptible shock to the market. Union Pacific has been the subject of more rumors and a more active specu lation based on them than any other stock in the market. Great as the va riety of these has been, none of them has pointed to the preferred stock is sue. Doubt was therefore aroused of the correctness of the information on whh-h the great speculation in the stock has been based. The prospect tif 4 per cent dividend claims on $100,000. --000 of preferred stock ahead of the common stock seemed formidable and shook the stability of the prices of the common shares, but powerful and ef fective, market support was offered and the price sustained. The effect was to revive the circulation of merger and combination rumors and to confirm the confidence of operators in the stock that the stock issue was designed to perfect some great plan of amalgama tion on the railroad map. The determined withholding of all official information of the proposed use for the new resource was an incite ment to conjecture rather than a dam per to confidence and this proved an important influence on the renewed outbreak of speculative excitement. The favorite supposition for some time has been that Union Pacific contem plated the acquisition of Chicago & North Western and New York Central for the formation of an unbroken sys tem from ocean to ocean. Other sup posed acquisitions covered by the week's busy rumors have included th° Atchison. the St. Paul or the recovery of the Northern Pacific, control of which was lost as a consequence of the Northern Securities decision. Iron and Steel Industry The incidental declaration In the su preme court decision that the delivery of the control of Northern Pacific to the Union Pacific interest would direct ly contravene the object of the Sher man law and the purposes of the gov ernment suit against the Northern Se curities company received only casual attention In the progress of the ex cited speculation. The sudden jump of U. S. Steel pfd. to above Its previous record price, made in the course of the market operations incident to the flota tion of the securities of the new cor poration in 1901, was of decisive in fluence on market sentiment. Reports from all quarters of the steel aud iron industry for some time have pointed to a volume of orders unprecedented in the trade. The ~ sluggish • response of the U. S. Steel stocks to a prosperity in the trade never before equalled has been the cause of distrust of the rel atively high level of other securities. ♦>,• new move served tc rectify this disparity to some extent and its influence on sentiment is not lessened oy the evident signs of a widespread market organization to bring it abcut. Aiisgivinsrs over the money outlook 2rou\,«l Ye reoeaea into the.McSt f£riv *? hey retai"ed som force £sedn« tweek' however- They were of h™t comparatively low level volume of outstanding loans in fun measure with the VaSt increaU de posits. The great activity of trade in f,,Jl 1r M* 0*" 18 tO a larK* demand for funds. But confidence in the sound ness of conditions and of credits seems unimpaired, and with confidence undis turbed the vast expansion of credits is felt to be safe. The constant additions to the new capital issues for absorp tion seem to be viewed with equal equanimity. The price of foreign ex change during the week has showed the flow of remittance away from New York, but without disturbing the signs of confidence in the money outlook and the call by the treasury department for surrender of $27,000,000 of government deposits by the banks in equal install ments on May 15 and July 1. failed to cause a ripple of apprehension. Trade activity, the great movement of cot ton, the favorable condition of winter wheat and expanding railroad earnings prove potent considerations with stock operators and the supplementary effect of constant intimation of great corpor ation combinations overrides all mis givings offered by the still existent conservative party in the market. Bonds were quieter than stocks, but were well maintained. U. S. 2s coupon advanced %c, the 3s coupon %c and the 3s registered % per cent on call on the week. CLOSINITSTOGK LIST Quotations furnished by Edwards-Wood Co., main office Fifth and Robert streets. St. Paul. • I ! 1 I Bid ' . ISaleslHighlLow [Close AtChison 107(70 fB9 % | 88 % 88 % .<}« I'ld • 300 1031,4 103 " 102% Atlantic C. Line... 1700 149% 148% 149 Baltimore & Ohio.. 5200 110% 109% 109% do pfd | , 9514 Canadian Pacific .. 23100 155 152% 153% Cent, or N. Jersey 202 Chesa. & Ohio ..;. 3400 58 57 57% Chicago & Alton ... 100 41% 41% 41 do pfd . 100 82 82 " 81% Chi. Great West... 3000| 23% 23% 23% Chi. & North- I 1001243 243 - 242% Chi., Mil. & St. P.. 36000 180% 178% 178%* Chi. Term. & Tran | 18*4 do pfd 100 33 33 33' C., C, C. & St. L.. 200 107 107 106 Col. & Southern ... 700 29 25% 28% do Ist pfd "..... 61 r> do 2ti pfd , 100 38% 38^ 381* Dela. & Hudson 191% Dela., Lack. & w ■ 372% Den. & Rio Grande 34 " do pfd 500 89 88% SS% Erie 9500 46% 45^ i.", v do Ist pfd 500 81 80% 80-% •1" 2.1 pfd • 300 69% 68% 68 Hocking Valley ; , 92 do pfd 100 94% 94% 94 Illinois Central 800162% 161 161% lowa Central 100 30% 30% 291/' do pfd 1 1 50 " K. C. Southern 2800 31% 30% 30% do pfd 1000 65 64%1 64V> Louis. & Nashville. 3100 143 141% 141% Manhattan L 200 166% 166% 166 Met. Securities 41001 sT: , 86% 86% Met. Street Ry 57001123% 122% 122% Mexican Central ... 1300 25 24% 24% Mpls. & St. Louis.. 300 63 |63 62V- M., St.P.& S.Ste.M.. 406|119%|119 1118% do pfd I j 162 " Missouri Pacific ... 107% 106% 106% Mo.. Kan. & Texas. 400J 31% 31% 31 do pfd 1 1800 66% 65 ' ! 66 ! Northern Securities. 9000 164% 162% 164% Nat. R. R. of M. pfd 200 40 |39 '39 N. Y. Central 10100 162 160% 160% N. V.. Out. & \V... 16600 61 59% 160 Norfolk & Western. 1400 85% 84%] 85% do pfd ' 92 Pennsylvania 24900 143% 142% I 13 P.. C. C. & St. L 80 Reading 20500 95% 94% 94% do Ist pfd ' S>l% do 2d pfd ! 100 90 90 <SH% Rock Island Co 24100 36 I 35 35% do-pfd 200 81 SO% SOVi St. L.& S. P. 2dpfd. 400 70% 70%| 70% St. L. Southwest... 800 27% 26% 26 do pfd 5001 65%-65 04% Southern Pacific ...34700| 6S%| 67% 67% do pfd " 118% lis 118 Southern Railway.. 1500 34%j 34% 34"a do pfd 200 96% 96% 96 T. C. R. T.. 700 118% 118% 118% Texas & Pacific ... 400 35% 37% 37% Tol.. St. L. & W ' I : 41 do pfd 300|62% 62% 62 Union Pacific 52200 131% 130% 130% do pfd 300 99% '.':-: 99% Wabash 100 22% 22% 21% do pfd 400 46% 46 46 Wheel. & L. Erie... 200 18% 18% is Wisconsin Central.. 200 24 ; .!3% 23 do pfd .-. 400 52% 52% 52 Amalgamated C0p..110400 54% 83 , 84% Am. Sugar Refining.] 3400 144% 111 143% i Brook. Rapid-Trans. 42500 70% 69% 69% Col. Fuel & 1r0n...] 5400 56% 55% 55% ; .People's Gas 6100i111% 110%|110% Republic Steel 3300 23% 22%| 22% do pfd 2600 82% 80%| 81% U. S. Steel 25700) 37 37%! 37% do pfd J34700i102 101%|101% Western Union • ] .{ [ 93 Total sales for the day, 713,800 shares. NEW YORK_BQN3S U S ref 2s reg..lO4%|Japan 6s. ctf3..iu6~~ do 2s coup ..104%jL & N uni 45...102% do 3s reg .. . 104% [ Man c gold 45...104% do 3a coup...los%JMex Cent 45.... 78 do n 4s reg. .133 | do Ist inc.... 24% do n4s c0up.133 M&St L Is.. 95% do 4s reg. ..104% MX& T4s 101% do o 4s c0up.104% do 2ds 86% Am Tob 4s, ctfs 74% N R R of M c 4s 81 do 6s, ctfs 115 JN YC g 3%5...100%~ Atch gen 4s 102% :N JC g 55." 135% do adjt 4s 86% Nor Pac 45.... 105% ACL 4s 100% do 3s 76% B & O 4s 102% N & W c 4s ...101 do 3%s 95%|0 S L rfdg 45.. 97"i Cent of Ga 55..115% Perm cony 3%5.1()5y. do Ist lnc ... 93%|Readlng gen 45.102% do 2d inc.... 78 |St L I M c 55.,] 16% C & O 4%s 107% St L & S F fg 4s "1 " C& A 3%e M - St LS W 45.. . 83% C B & Q n 45.. 99% 8 A I. 4s BS% CR1&P43... S4%|So Pacllic 45.. 95%* do col 5s 94% So Railway-5:5..119V. CCC & StLg4s.lO2%iT & P lsts 123 " Chi Term 45... '.'7 |T St L & W 4s. 84% Col Mid 4s 76%;(Jnion Pac 45.. 106% Col & So 43 94%) do cony 4s 132% Cuba ss, ctf5...105 XJ S Steel 2d ss. 97% D & RG 4s 101 IWahash lsts ...U9% Dis Sec 53 SO% do deb B ..... 791? Erie p 1 4s lol%|West Md 48....-9l£ do gen 45.... 93%!W &L E 45.... 93% F W & D C lst-114%|wis Cent 45.... 94% Hock Val 4%5..110%j METAL MARKETS NEW YORK, April B.—There was mo change In the various , motul markets which ruled quiet at recent prices. l.ak«" copper Is held at $15.37 -415.50: elec trolytic. 515.26ei&.37%; casting, ti4.S?K GllcJ.L'S. Inm 'ana nnnK < .»".J.