St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-24
MINNEAPOLIS.
Chamber of Commerce.

Wheat dealers when business opened had
an uneasy feeling and began offering May
down, the first trades being made at Sl.Oo
May From that the price dropped rapidly
to Sl.O2 while reports from othef places
pecially falling from closing at s1.2l the
day before to $1.1S at the opening Wednes.
day and to S1.15 soon after Chicago tell
&c with pressure to unload long wheat, ana
New York was in sympathy: The West has
been holding up its end of the load from the
first with the most persistent obstinacy.
The feature most. PR mnent in this
has been the scare ideas A
notion has been founded on limitations of
Contemplated o corralling of the shorts, that
it would not be safe to be short OF wheat
when May comes without having the actual
wheat in store to deliver. That notion was
partially dispelled sometime ago by sales OF
Nav by millers who had bought freely at all
earlier date, while they expected to be able
to sell all the flour they made. But when
mills were closed to wait for consumers to
eat up the surplus flour they were left with
too much cash and May on hand. They
futures The demand for cash wheat was
slow and futures weak. The opening
was at 81. 05, and with little trad,
ing dropped Quickly to s Slo4 ana ND
business fell to SI02. That was the low
point for the time, and with good demand
from local buyers rose to $1.u4 and then by
1880 declined to 81 o. with very weak
market New York and Chicago were very
weak few lots we've reported taken in
New York and Philadelphia for export.
After 1890 the market became very easy
and sold down again. The market closed
steady, with good demand and considerable
offering: 5000 bu May wheat sold at u. %;
So. QUO blu May, S1.O4; 10000 Blu May,
81 'O3sl: $50, 600 Blu May, ST. .U35s; 25,u0O
bu May. Sl.O3: 10000 blu May, $I;02: As
900 bu May, S1.o2ls; 100000 bu May,
sl.o3A: 5000 bu May May, Sl.o2ss; $4,000 oot bu
I25, 600 bu May, S1.O2a4; 100000 Blu May,
81 .O3: 10000 blu ST. O35s; 10000 bu May,
$I.O3: $1,000 bu May l:034: 5000 bu
May. 81 .03ls; 10000 blu May. S1.o3a4 40
SLOPE; 5000 bu February. $1.oOA; $4,000
bu May, SLOPES. The following are the
closing quotations: Grain-No. 1 hard. in
store, January, $1.13: February, 81. 1872;
May, $l.16; on track, 81. p; No, l northern,
on track. S1O4@1.O5: No. 2 northern, i'll
store, January, soc: February, 9Ol2c; May,
925sc; on track. 92@95c.
Trade in sample wheat was badly democrat
lied by the slump in speculative markets and
the little trading that was done was at very
irregular prices. No trading was done at
first buyers preferring to wait for more
settled state of outside markets before taking
hold. There was not a great deal OF good
milling wheat offered, most of that on the
tables being of the lowest grades and hardly
fit for grinding Receipts were 80 cars and
90 were shipped out Duluth reported ~ on
track. Some outside parties were taking
little wheat toward the close. cars No.
northern, 81 .05: 3 cars No. northern.S1 Oh:
cars No. l northern, S1.O7; 1 car No. 1
northern, $l.O9: 9 cars MOL northern.Sl .OS;
10 ears No. 2 northern, to arrive, 93c; cars
No, northern, 95c: 2 cars No. 2 northern,
Csc; cars No. northern csc.
FLOUR AND COARSE GRAINS.
Flour-Was slower even than earlier in the
week and promises to remain inactive until
wheat finds a more stable basis OF value
The DAYS business was on small fresh orders
from interior points. still the movement
keeps fair pace with the city production, and
while there is some accumulation here. there
is decline in stocks our millers carry in the
East that fully equals it, and in the case of
several mills, exceeds it. The feeling in the
market was weak.
Flour quoted as follows: Patent sacks to
local dealers, S6.25@6.40; patents to ship,
sacks, car lots S6@6. 10; in barrels; .20@
6.35: delivered at New England points,
So 9O@7; New York points, S6.SO06.9O: de-
ivered at Philadelphia and Baltimore, S675
@6.S5; bakers here, S4.2"@5.3O super1ne,
$2.5O@4.1O; red dog. sacks, III .5O01.65;
red dog, barrels, S1.70@1.S5.
Bran and Shorts-Sales of bran quoted at
S9.25@9.5O: shorts. $3.50 for common lots.
Corn-The market was steady at about $50
29c for grinding samples, nice No. and No.
yellow held at 3U@3lc.
Oats-Dull, and most sales range about 24c
@25c with poor going down to 22c and
choi ice held at 2S@29c.
Barley-The quality of samples offered was
generally low. No. would sell well and ex-
attractive at above 45@52c for the common
samples.
Hay-Wild, S45o@G.25; timothy, $500
S.25.
Flax-Quoted at S1.56; Chicago, $1.62.
Feed-SI1. 5O@12.5O.
RECEIPTS AND SHIPMENTS.
Receipts-Wheat, 50, 400 buSscorn, $500
bu; oals 300 bu: barley, 60 bu mill
Omaha, cars; Manitoba, 60 cars; Northern
Pacific, IL cars: 500 line, l car.
stuff, 27 tons; hay, 295 tons; merchandise,
779, 500 lbs; lumber. 10 cars: barrel stock,
cars; coal. 543 tons; wood, 81 cords; brick,
5000; household goods 5000 lbs; ties.
cars: live stock. 8 cars: dressed meats. 1O0,-
900 lbs; hides $1,000 lbs; railroad material,
cars; sundries, cars. Total 26l cars.
Shinmeufs-Wheat 6.24Q blu: corn. g. 600