St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-29
GRAIN AND FLOUR REVIEW.
The Flour Market Continues Without
Signs of Activity.
Notwithstanding Wheat Has Gained Steady
ALI the Week.
Isuecial Telegram to the Globe.

CHICAGO, April 2S.-Ihe receipts OIL nour
for the week were 92,700 barrels, shipments
113, ,6s3 barrels. Received for the corresponds
ing time last year SO, ,624 barrels; shipped, no
report. This market continues quiet and
slow, with no fair chance for trading or any
advance or improvement to correspond with
the heavy upturn in wheat and we have
particularly dull market. 1t was thought the
advance in wheat of nearly 10c per bushel for
the week would result in o heavier move
ment in -four and corresponding improve
ment in prices; but the result was an almost
entire absence Of buying orders and no
great sale, even at about Old
prices, and no prospect for any
immediate improvement, with about the usual
home demand and no outside or export buy
ing orders. This has been accounted for
from the fact that when wheat broke down to
below Soc per bushel in less than two weeks
there was no sale whatever for -four, and Of
ferlngs at reduction failed to bring about
any heavy movement, and now this heavy
upturn in wheat is looked upon as. specula-
tive entirely and buyers for -four do not an
ticipate any permanent improvement and
are still out of the trade. Millers have been
shipping direct and filing all eastern and
foreign markets and giving no show for the
dealer to operate, aud it is said have
big stocks at European points and big loss
on the seasons work, and We will have no
heavy trade until this plan of work is given
up and buyers can be compelled to come to
our markets for their supplies and specula-
tion have sufficient confidence to operate as
was show in other years.
Rye -four was more firmly held on the
the higher prices for grain, or at s3(93.25 per
barrel for fair to good brands.
Bran and all millstuffs sold up heavily or
to the extent of 81 per ton for bran and re-
latively for other kinds, or to $3.50 for bran
with the supply higher and the demand
more than usually brisk.
The receipts of wheat during the past
week were 1876, 900 bushels; shipments $685.
900 bushels. Received during the corre-
spending time last year $4,000 bushels;
shipped 415, 900 bushels. The visible supply
at the date Of the last report was 26, ,677, 900
bushels, against 20, 215,0 900 the week prev
ious. The receipts of spring wheat during
the week were very meagre, and there was
a good inquiry, chiefly for local and interior
milling demand and the offerings
Of No. met with ready sale and prices were
firm, and advanced steadily from the open
ing to the close of the week in sympathy
with the speculative markets. The lower
grades all sold by sample. There was scarce
ly sale Of No. Q red during the week. There
was good demand for it, chiefly from milers.
but there was hardly any on sale, and not
enough doing to establish a price. The
lower grades all sold by sample. In regular
No. 2 wheat there was an unusually heavy
speculation during the week and the general
feeling was strong and buoyant, and at the
close seller April was 61Ic higher then last
week, seller May, 61sc higher, seller June
$50 higher and seller July 51Sc higher.
The buoyancy is due to a number of
causes, principally to feeling of nervous
ness on the part of shorts, who became
alarmed by the rumors that a strong combi-
nation had been formed for the purpose of
forcing the market higher, and there was a
very general sisposition on the part of those
who had sold for future delivery to cover
their contracts by purchases. This demand
With but little disposition to sell, was alone
sufficient to cause much firmness, but in ad-
dition to this the English and New York mar
kets were decidedly strong and gradually
advanced. The receipts here were light and
shipments large, and our stocks in store
were largely reduced.
The visible supply also showed a marked
reduction, the falling off during the week
amounting to about 100000 bushels. A
feeling Of confidence gradually developed
and there was liberal buying on long ac-
count the confidence in higher prices be-
coming very general. Crop reports were
hardly so favorable as heretofore, which also
had q tendency to strengthen the market
The lowest prices during the week was on
Tuesday, and the highest on Saturday, May
having improved from s51G@94c, June
brought S71l@9615c, and July from S915@
0611c. July showed less strength than June,
and closed only 95c above June, while last
week 1t was 111c higher.
The receipts Of corn during the past week
were $685. 900 bushels; shipments I'll, 900
bushels; receipts during the corresponding
week last year sos, 900 bushels; shipped
1927, 900 bushels. The visible supply at the
date of the last report was 15, 142, 900 bushels
against 6,449, 900 bushels the previous
week.
The market was active and firm during the
week, and at the close seller April was or
cash was 3Mc higher than last week, seller
May 3Ac higher, seller June 33sc higher,
and seller July 31lc higher. The principal
cause Of the frmness was sympathy with the
buoyant character Of the wheat market. The
shorts fearing squeezs in wheat and be-
ueving corn would be affected by it, made
energetic efforts to cover, and the compe-
tition among them resulted in a steady i'm
provement almost from the opening to the
close, May advancing ~ from the lowest
point, June 45ac and July 4Tc, closing
strong at the highest prices reached.
The shipments of the week exceeded the
receipts by over 200, 900 bushels, and the Wis
ible supply was reduced 100000 bushels
The weather in some parts of the west was
reported cold and backward, and it was fear
ed planting would be retarded. Rumors
seed for the vast acreage to be planted were
also in circulation, and tended to create dis
trust and increase the frmness.
The receipts OF oats for the week were 742,-
955 bushels; shipments, s25,723 bushel.
Received for the same time last year, 577, Ais
bushels; shipped 631,6 bushels. This
market has changed about from dull and
slow trade to considerable activity,
and sharp upturn in prices, with quite a
heavy shortage out for May and larger than
was expected for other months, and on the
first intimation OF higher price in corn or
wheat there was lively demand from these