St. Paul daily globe., 1884-04-22
GRAIN AND FLOUR REVIEW.
The Supply and Demand for the Lead
Ing Breadstuff Materials.
Especial Telegram to the Globe.
1900 A.;I 81 To- A., -,,roI- .

CHICAGO, April 21.-For the week ending
April 10 there were received III, ,254 barrels
of -four and shipped 116, 160 barrels; receiy-
ed for the corresponding time last year,
48, 373; shipped no report. This market
was exceedingly dull and there was
no fair chance for trading, with buyers
scarce for any grade or quality, and it was
hardly paying dealers to give their time to
the trade or to the samples. There seems
little confidence in the trade, or any disposi-
ticn on the part of the home trade to stock
up or buy beyond their immediate wants,
while shippers are out of the market entirely
and all eastern and foreign markets are fully
supplied by millcrs direct, and this is taking
all the trade from dealers here.
The better family and bakers brands were
holding up to the prices ruling all the winter,
and about the usual quantity being used,
while shipping extras were more steadily
held toward the close of the week, and the
better grades sold to a limited quanti-
ty at something of an advance, but the
lower grades have to go out on forced sales
at exceedingly low prices. Rye -four was
slow and dull, S3.00@S3.25 per barrel for
good to choice brands. Bran and all mill
stuffs were doing BETTER, bran selling up 81
per ton for the week, or to S12. 5O@12.75 per
ton for Saturday, and other kinds to like
extent
Of wheat there was received during the
past week 442, 900 bushels; shipped S47, 900
bushels; received during the corresponding
,c{
port incomplete.
The visible supply at date of last report
was 81, ,215,O00 bushels, against 80, 773, 900
bushels the week previous.
There was but little doing in car lots of
No. 2 spring during the week under review,
chiefly for the reason that little was offered
and such sales were made at about 1c
under May, since and including Wednesday,
when summer rates of storage went into eff
feet, the rates being ON the basis of 1Mc
storage to the buyers. Previous to Wednes-
day the discount on May was about 4Ac, the
buyer paying the accumulated winter storage.
There was, however, quite a free business
in round lots, shippers doing quite fair
trade and at steadily advancing prices.
Winter wheat was traded in very sparing-
ly, chiefly for the reason that very little was
offered. The shipping and milling inquiry
was good, but the offerings were so meager
that sales were light and it is impossible to
make record Of the daily sales
In regular No. 2, where there was brisk
business during the week, especially in the
speculative futures sold, prices generally
showed an advancing tendency, closing with
seller April, or regular cash, re higher
than last week; seller May 411lc higher, seller
June 414c higher and seller July &c higher.
The advance in April is partially due to the
passing from winter into summer storage,
the seller now having to pay all the accumu-
lated storage except 11lc. But apart from
this the market has shown much more firm
ness and buoyancy, and from the opening to
the close there was a gradual and at times
very sharp upward movement. The causes
of the advance are various. In the first
place there seems to be
a gradual growth of confidence among all
classes which has checked the short selling,
caused more investment demand and induced
heavy covering on the part of the shorts.
These causes alone have been sufficient to
start the market upward, but other agencies
helped to strengthen it. The advices
from Europe were generally quite encourag-
inc, and there was a fair export movement
The crop reports were contradictory and
of such character as to create some dis
trust, which was of course favorable for the
bulls. The steady reduction in the stock,