St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-06
MINNEAPOLIS MARKETS.
Chamber of Commerce.

The opening wheat market was steady and
business slow. May wheat appears to be
about settled, and there was hardly any Of
fered and very little inquiry for it. There is
still considerable talk of dry weather III the
North, and some complaints are coming from
the South that rain Is badly needed at some
places. There does not appear to be au-
thentic information that damage has yet re-
rain the next week. Indications of rain are
now reported and if it comes, prospects will
be very promising again. Farmers are mov-
ing little wheat in the country.
The deliveries to country elevators are
light to each. but when the whole is summed
up the total makes quite respectable show
ing. and probably equals the shipments from
Minneapolis. That would leave current
grinding in Minneapolis to be drawn from
wheat already out of farmers hands and in
portant news from outside, excepting that
New York claimed fair export buying. All
exchanges reported business exceedingly
dull
The wheat market was quiet for futures,
with July first starting with sellers at 86l2c.
Subsequently the tendency was downward
with few small fluctuations. The demand
was light, but the offerings were also small.
most of the day. Large lines on either side
with SO little on the other would have
changed prices quite materially either way.
There have been few days when SO little was
dong III the line OF 1utufeS.
Some sample dealers thought there was
slight Improvement in the demand for mill
ingl wheat, while majority of commission
men had to offer concessions of some kind to
sell their grain. There were more local mill
ers buying wheat, but scarcely an order was
being filed for outside parties. The weak
disposition of outside markets tended to re-
strict trading in cash wheat, and the day Of
the week was against doing much bus
mess. Choice No. northern was in
T., sold Of
yesterdays figures. Low grades were
dull. Receipts were 1873 cars and 40 were
shipped out. Duluth received four cars. Lo-
cal elevator stocks are expected to decrease
$4,000 bu for the week. Demand for cash
wheat hattened out early, the days business
being very light. Car lot sales by sample:
cars No. l northern. SSc; 2 cars No. l
northern, 93lac; 2 cars No. l northern soc;
2 cars No. northern, 91c;2 cars No. north
Mop northern, SAC Is cars No. northern. NC;
q cars No. 2 northern, 79c; 5 cars No.
northern, 7Sc; 3 cars No 2 northern, 76l2;
Sears No. 2 northern, SOC; cars No.
northern, f. Q. b., SIC; 3 cars No. 2 northern,
8 northern, zoe; 5 cars No. 3, 7Ol2c: 2
cars No. 3, 79l2c; 2 cars rejected, zoe;
5 cars rejected, soc; 2 cars, no grade, 66c;
cars, no grade. soc; 3 cars. sample, SEC; 2
cars OATS o. t., 2142c; 2 cars oats, 1910.
FLOUR AND COARSE GRAINS.
Flour-The following mills were running
to-day: Pillsbury and B, Phoenix, Anchor,
Washburn and c, Petit, Minneapolis,
Galaxy. The added daily capacity of the
thirteen mills grinding amounts to 25,2OO
bbls, but the output for to-day will probably
not exceed $1,000. There was dull de-
mand for -four, with prices steady and sub
stantially unchanged. Prices are now reason
ably satisfactory and they are liable to be held
pretty well, for 1t is found concessions
in values do not greatly influence the volume
of trade. 1t is yet impossible to meet the val
ues of winter wheat flour, and while that
heavy movement. 1t is about as well
as it is, perhaps, as there would not
be wheat enough to run Northwestern
mills at their full grindin5 capacity.