St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-09
MINNEAPOLIS MARKETS.
Chamber of Commerce.

Wheat opened easy and a fraction
lower this morning unde; the influence
of excellent crop reports, declining
markets at other places and no export
demand. New York, that had appeared
to touch the bottom few days ago at
about So, fell off again, and the Chicago
deal that was due to react failed to do
so, and instead dropped lower than ever
and was only DC above July. These dis
cOuraglng features were particularly
embarrassing to apolOgists for the
break of last week, who were bare of
resources to account for the morning
developments. Prices unsupported by
any systematic sustaining efforts drifted
to lower range.
The visible decrease of GAL 900 bu for
the last week was about what had been
expected, and had no important effect
in either supporting or depreciating
values. MillerS were not getting any
bids for flour and sold none to speak of
to-day. No one would buy more than
just enough to keep along, while wheat
declines so easily and may not be near
bottom yet. No one doubts the small
stocks of wheat, but few think they are
entitled to hold prices here so far above
the reach of consumers and to reach
such consumers have several cents to
drop yet. That may not come now,
but wheat seems an unsafe purchase
until that position is reached.
Trading liz May wheat began at 94c,
with July nominally 15c above May.
That price was mOmentary. and from it
the decline was steady to 921sc shortly
after IL o'clock with July at 925Sc,
September offered at roc without buy
erS of the latter. There was some hard
offered for May but there was very little
demand for it or for No. 2. The inquiry
for May was said to be chiefly by shorts,
with no apparent demand from long
buyers. Northwest stocks are steadily
declining in the country, but it had little
effect in holding prices. Later there
was another break in May wheat that
took prices lower than before, and July
sold down under 92c on very weak and
poorly sustained market.
Receipts of wheat for the two days
were 1856 cars considerably less than
had been estimated-and the display on
the sample tables was comparatively
light for the first day of the week. The
decline in futures was felt in prices of
cash wheat. and sales in the first half
of the session ranged about &c lower
than on Saturday, but even at the drop
in values there was very little inquiry
from millers. A few lots of low grades
were picked up when prices could be
agreed upon. Outside the city buyers
were dividing purchases between them
selves about equally. Shipments were
so cars. Duluth reported 25 cars. Local
elevator stocks decreased S,640 bushels
during the week. Duluth increased
$1,000. The visible supply decreased
641 600 bushels.
Car lot sale by samples: 2 cars No.
hard f. 0. b., Sl.06; 2 cars No. hard f.
o. b., SI.05; 2 cars No. hard. S1.O5;
car Nc. nor thern, 94c; 2 cars No. 1
northern, 81; 4 cars No. l northern,
csc; 2 cars No. 1 northern, 94c; cars
No. northern, soc; cars No. 2 north
ern. soc: 5 cars No. 2 northern, sic; 2
cars No. northern, S515c; 2 cars No. 2
northern, Soc; 2 cars No. 2 northern,
SIC; cars No. 2 northern. S3c; 5 cars
No. northern, soc; cars No. 70. b..
use; 2 cars No. 3 f. o. b., nc; cars No.
3, soc; 2 cars No. g. 75c; cars rejected
f. o. b., sic; 2 cars no grade, 7Sc; 4 cars
sample, soc; cars sample, 40. 2 cars
oats, zoe; 2 cars oats, 23c; 2 cars oats,
231ac.
FLOUR AND COARSE GRAINS.
FIour-The following mills were run
ming to-day: Plllsbury A ana B,
Galaxy and st. Anthony. The added :
daily capacity of the eight mills grind-'
ing amounts TO 10, $50 bblS, but the out
put for to-day will probably not exceed
1890. Market was without new feature.
A moderate call for flour was noted for
scattered interior points and in small
parcels with prices drifting toward in
side quotations. While millers have in
some cases firm pretensions, it appears
to be hard to realize above S6.2506.40
for patents at Atlantic points and $50
26s for bakers in the United Kingdom.
Patents, sacks to local dealers, $3.50 :
go: patents to ship, sacks, car lots, I
S5.6506: IN barrels. S5.S5(06.15; delivered r
at New England points, S6.50(06.S5; de-,
livered at New York points, $6.40@6.75;
delivered at Philadelphia and Balti-
more, S6.35@6.70; bakers here, $3.50
AS; superfine, S2(03.50; red dog, sacks,
S1.35@1.50; red dog, bbls, S1.60@1.70.
Bran and ShortS-A very weak feel
ing exists, with prices ruling about the
same, The demand is light and limits
the production. Quotations, bran. SIG
$50; common shorts, $7@7.50.
Corn-Only moderate business was
transacted in q local way, while the
shipping demand was fair. The export
clearances continue very liberal, and
European markets rule firm. On April
l the stock Of corn in Liverpool and
London amounted to 10000 blu against
1,263, 900 bu on Jan. 1, showing decline
of 353, 600 bu Notwithstanding their
heavy receipts from this country dur
ing that time. Quotations range from
3O@32c for fair to No. 2.
Oats-Only moderate business is
being transacted in this market. and
the general situation remains about the