St. Paul daily globe., 1889-05-30
MINNEAPOLIS MARKETS.
Chamber of Commerce.

It was quite apparent that there was a de-
termination this morning to sell down July
wheat until it would meet with sustaining
orders. There was but little buying for the
purpose of sustaining markets yesterday. A
small order to buy at S4c was soon filled and
then it broke to 93t4c, but worked up 954sc
at the close by short coverings. When it
touched 83c this morning there was buying
porting order upon it, and raised the market
lac, though it was explained as being no
more than the buying in OF short wheat G.
NJ Brush did the buying.
Any way it had the credit Of syndicate
buying, and for time shut out offers. Con-
siderable wheat came out from elevator COM
panies, and the market was pretty well sup
piled from that source. If the buying was
for syndicate, it did not appear any more
than to equal the country elevator sales and
left the floating lots on the market about the
same in amount as they were last night The
wheat let loose, now that the farmers are
selling, will take quite large supporting
orders daily to save the market from being
Wheat opened weak. with July the active
future. The opening was sbc lower than the
closing last night, and, with considerable
offered, sold down Ac lower. That brought
prices down to S3c, with considerable sold
at that Subsequently there was more de-
mand, some of 1t from shorts at higher prices
and some appeared to be for investment. The
fresh inquiry carried it up to 8312c, and
nearly 1OU, 900 bushels changed hands at
that Later it fluctuated at 85A@S3lac up
to IL O'Clock with moderate business. There
was some effort to sell September, but the
scalping crowd did not greet that future with
any favor.
The chamber will be closed tomorrow for
the Decoration day holiday.
Sample tables are again becoming pretty
well loaded with wheat as good share of
the daily receipts are accommodating here
without being sold, and some of the eleva-
I. L. E~ru IL
Some sellers succeeded in disposing of some
rejected and some No. 3 wheat at prices that
were as high as yesterdays but for No. and
] there was no demand apparently, while
holders were offering No. hard at a lower
range without bringing out bids. The differ
ence of .Oc between grades seems to be les
sening as the season advances. and the de-
mand for lower grades may bring down
fine wheat. Receipts were 154 cars with 46
shipped out Duluth received 25 cars.
hard. 93c.: 13 cars No. l northern. 82lAc; !;
cars No northern, 83I2c: cars No
northern, delivered, s2lsc: 2 cars No. 1
northern, +. Q. b., SGo; cars No. northern,
No. northern. 79c; 2 cars No. 2 northern,
t. o. b., Use; cars No. northern,
zee; cars No. 2 northern, 75lsc; Z
cars No. 2 northern, +. o. b., 76c;
5 cars No 2 northern, 73e; cars No. !, 2
74L2c; 1G cars No. 2 northern, 75c; 10 cars
No. northern. 72lac; 2 cars No. 2northern.
f. o. b., 75c; 9 cars No. northern, 76c; 3
cars No. 2 northern, nc; 2 cars No. 2 north
ern. 19c; 6 cars No. northern, 73c; cars
No. northern. 74I2c; 10 cars No. 2 north
ern to arrive, 72l2c; 4 cars No. 3, Toe; 2
cars No. 3, f. o. b., &c; 2 cars No. 8, 74c;
cars No. 3 f. o. b., 69Ac; 2 cars No. 3. 62c; !;
cars No 3 f. o. b., 65c; cars No. 3 +. o. b.,
67lac; 2 cars No. 3; 64c; 6 cars No. 8, 69c;
cars No. 8, zoe; 2 cars rejected, 6Oc; 2 cars
rejected Gle; a cars rejected, 68c; car re-
iected, 65c; 5 cars rejected, soc; 8 cars re-
jected, 45c; 2 cars rejected, 52c; 2 cars re-
1ected f. O. b.. 45c; 2 cars no grade, SIC: 2
cars no grade, Soc; cars oats, 22l2c; 2 cars
corn. 29c.
FLOUR AND COARSE GRAINS.
Market Record: Flour-The following
mills were running to-day: Pillsbury A,
Phoenix, Petit, Humboldt Palisade. Wash.
burn B and G, Standard. Crown Roller, Col
umbia, Minneapolis, Galaxy, St Anthony,
Northwestern and Holly.
The added daily capacity Of the fifteen
mills grinding amounts to 25,O0O bbls, but
the output for to-day viii probably not ex-
coed 2O.875 bbls.
The -four market vas very dull. but prices
wider than few days earlier, due to little
more firmness in wheat for few days past.
The call is easily supplied, however, BY the
mills running at tw0-thirds capacity. There
are few buyers of wheat for spring wheat
mills in the country, but they are not active
and complain of a dull trade. There does
not appear to be any prospect OF activity on
| the old crop flours.
Patents, sacks to local dealers, S. 80
| as 40; patents to ship, sacks, car lots,
! $5.1O05.25; in bbls. $o.15@5.45; de-