St. Paul daily globe., 1889-02-26
MINNEAPOLIS.
Chamber of COmmerce.

MINNEAPOLIS.
Chamber Of Commerce.
The opening market was tame sort
of affair, with considerable May wheat
offered and buyers q tritie weak. The
offerings were made rather gingerly,
not to drive prices lower, but because
the sellers wanted to sell their wheat.
The market would not take much at the
prices, the only buyers being such
shorts as had little profit and were
willing to accept it. There was not the
slightest uneasineSS apparent among
traders that there would be any attempt
by bulls to push the May deal to eX-
tremltles,. ana prices merely foated
along subject to the legitimate drift of
orders.
There is this season greater scarcity
of contract grade wheat than usual, and
it is OH that account that prices have
been etter sustained than they could
other ise have been. In the Northwest
espec ally is there great scarcity. On
the smallest show of alarm the shorts
60 tumbling over each other to cover
the wheat they have out on short con-
tract. When that is done there is in-
variably calm and after it a decline
in prices. 1t is not unreasonable to be-
lieve that the big bulls at the present
time will work themselves out OF their
present emDarrassments thr0 ugh such
changes without material loss. and be
ready to drop the May .'deal'' before
that option becomes due.
At the start sellers of futures tried to
get $1.091s for May wheat. Meeting
it at S1.094, and down to $1.O9. with a
limited amount disposed of. At $1.09
there could have been q large amount
sold perhaps, but at that figure sellers
hesitated about selling too freely.
though at fraction above it they of
fered very. freely. As compared with
other points, this market was relatively
weakest, and the premium was gradu-
ally working out. The slow cash wheat
demanded affected the sales of futures
unfavOrably. The market was very
weak toward the close and fell to
S1.0s15 for May about l o'clock, with
fair demand for that. Following are
the closing quotations: No. hard,
February, sl.1S; March, Sl.1s; May.
$1.21; on track, S1.1s; No. l northern,
$1.0S19: on track, $1.0S91.09; No. 2
May, 81; on track. 99c0$1.
The accumulated receipts of several
days were again displayed for sale Oh
the sample tables. but the buying was
not active at any time. The feature
was the poor quality of offerings,
scarcely any No. northern wheat
being displayed at all. Local and out
side millerS were looking for choice
milling grades. but the poor wheat was
poor sale. Prices were easier. sellers
being forced to make concessions to in
duce sales. Trade was light all day.
Local elevator stocks decreased 224,9l
bu the past week. and Duluth increased
62.614. The two days receipts were
III cars here and Is cars in Duluth.
Local shipments were 73 cars. Car lots
by sample: 2 cars No. l northern,
Sl.101a:5 5 cars No. l northern, S1.09ls;
cars No. northern, Sill; cars No.
? / northern, $1.10; cars No. northern,
sWl.o4; W car cars No. No. northern Northern
$1.O5; 2 ears No. 2 northern, 99c;
ii cars No. 2 northern. s1.0l; 26 cars
No. 2 northern, 81; 2 cars No. 2 north
ern, 81 04: 2 cars No. 9 northern. 1.OO1&:
2 ears No. northern, Sl.O5; 9 cars No. 2
northern. o. w. b., $1.02: 5000 bu May
No. northern, 81; cars No. 8, 92c; 2
cars No. 3, f. o. b., soc; 2 cars No. 3,
90c; cars No. 8, Ole; car rejected,
T1ac; cars rejected, 64c; 2 cars re-
jected, 90c: 2 cars rejected, S5c; 2 cars
rejected, Csc; car no grade. s3c: car
no grade, f. 0. b., 63c; 90 cars sample,
deliyere1, S1.0lA: 2 cars sample. f. o. b.,
T1ac: cars corn, 2Sc; 2 ears corn,
2711ac: 2 cars oats, 23c; 2 cars oats. zee.
FLOUR AND COURSE GRAINS.
Flour-Market Record: The follow
ing mills were running to-day: Pills
bury A and 3, Phoenix, Anchor. Wash
burn B and c, st. Anthony, Galaxy,
Northwestern and Holly. The added
capacity of the ten mills grinding
amounts to 1880 bbls. but the output
for to-day will probably not exceed A.
600 bbls. There was some Eastern de-
mand at about 81 for choice brands of
patents, delivered at New York points. J
A few millers claimed they could sell
all they cared to sell at that price: 9TH
ers claimed they could not sell freely at
above $500 there. 81 at New England +,
points and S6.S5 at Baltimore and Phlla-
delphia points. The interior small
points were taking out a fair amount. !
Bakers were going abroad fairly on the
BILE bakers sold few days ago at 2Ss
Cd, but the same buyers are Off cd sack !
now.
Patents. sacks to local dealers, s6. 500 S
s6.40; pgtents to ship, sacks, car lots, :
s6(@6.2O; in barrels. s6.25@6.35; deliv-
cred at New England points. s7@7.15;
New ork points, S6.90@7.05; delivered
at Philadelphia and Baltimore, S6.S5@
s6.95; bakers, here. $4.20@S5.20: super /
fine, $2.50@4.10; red dog, sacks, $1.459
100; red dog, barrels, S1.70(G1.S5.
Bran and Shorts-The demand for
both these commodities was of the ordi-
nary character, with prices ranging at
about $S.75 for common shorts and
about 50 for bran. Fine shorts were
held some 50(075c above.
COrn-The corn market was steady
at about CSC for common ungraded.
Some receivers were asking 2915c to ar
rive.
Oats-Demand steady at 23625 for
fair lots, 20@21c for light, and 26@2sc
for good to cl oice.
Barley-Stained and frosted nearly
unstable. Fair to good samples went
at 40@50c.
Feed d-s11 .5o012.5O.
Flax-Quoted at sl.4s; Chicago. $1.54.
Hay-Wild, s3.50@5.50; timothy, $50
@S.25.
RECEIPTS AND SHIPMENTS.
Receipts-Wheat, $3.50 bu; corn, TO-,
200 bu; oats, 500 bn; barley, 2,400 bu;
-four. 3S5 bbls; millstuffs, 30 tons: hay,
95 tons; fruit, 81, ZOO lbs; merchandise,