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 trit1e weak. The
offerings were made rather gingerly,
not to drive prices lower, but because
the sellers wanted to sell their wheat.
The market wOuldnot take much at the
prices, the only buyers being such
shorts as had a little profit and were
willing to accept it. There was not the
slightest uneasiness apparent among
by bulls to push the May deal to eX-
tremities, and prices merely floated
along subject to the legitimate drift of
orders.
There is this season greater scarcity
of contract grade wheat than usual, and
it is Oil that account that prices have
been etter sustained than they could
other Use have been. In the Northwest
espec ally is there great scarcity. On
the smallest show OF alarm the shorts
go 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 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 through 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 sl.091a for May wheat. Meeting
poor encouragement they finally offered
it at s1.0914, and down to $l.09. with a
l., 1f
there could have been large amount
sold perhaps, but at that figure sellers,
hesitated about selling too freely,
though at a 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 o'clock, with
fair demand for that. Following are
the closing quotations: No. 1 hard,
February, $1.1S; March, $1.1S; May,
S1.21; on track, $1.1S; No. northern,
February, S1.O7; March, S1.07; May.
S1.0S15; on track, $1.0S@1.09; No. 2
northern, February, SIC; March, 97c;
May, 81; on track. 99c9$1.
The accumulated receipts of several
days were again displayed for sale on
the sample tables. but the buying was
not active at any time. The feature
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, GIT
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 70 cars. Car lots
by sample: 2 cars No. 1 northern,
$l.101s;5 5 cars No. northern, S1.O915;
Q cars No. northern, Sill; cars No.
l northern, S1.l0; 2 cars No. l northern,
S1.14; 2 cars No. Q northern,
$1.O4; 2 cars No. 2 northern
$1.O5; Q cars No. northern, 99c;
IA cars No. Q northern. $1.0l; 26 cars
No. 2 northern, 81; Q cars No. 2 north
ern, 81 04: 2 cars No. 2 northern. 1.0O15:
2 cars No. northern, S1.05; cars No. 2
northern. O. W. b., $1.02; 5000 bu May
No. 2 northern, 81; 2 cars No. 5, 9ac; 2
cars No. 8, f. 0. b., 90c; 2 cars No. 8,
U1sc: cars rejected, 64c; 2 cars re-
jected, 90c; 2 cars rejected, S5c:2 cars
rejected, Csc; l car 10 grade, S3c; car
no grade, f. o. b., 63c; 20 cars sample,
deliveret, $1.014;2 cars sample. f. o. b.,
T1ae: cars corn, 2Sc: 2 cars corn,
271sc; 2 cars oats, Csc: 2 cars oats. 22c.
FLOUR AND COURSE GRAINS.
Flour-Market Record: The follow
ing mills were running to-day: Pills
bury A and B. 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 ID
600 bbs. There was some Eastern de-
mand at about 81 for choice brands of
patents, delivered at New York points.
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 $6S5 at Baltimore and Phlla-
delphia points. The interior small
points were taking out a fair amount.
Bakers were going abroad fairly on the
basis of 2SS for first grade. ConSidera-
Bile bakers sold few days ago at 2Ss9
Cd, but the same buyers are off cd a sack
now.
Patents. sacks to local dealers, Sc. 300
s6.40; pstents to ship, sacks, car lots,
s6@6.20; in barrels. S6.25(06.35; deiiv-i
cred at New England points. S7(07.15;
New Ork points, s6.90@7.05; delivered
at Philadelphia and Baltimore, S6.85@a
s6.95: bakers, here. 81. .2O(@s5.20: super
fine, s2.50@4.10; red dog, sacks, s1.45@
1.60; red dog, barrels, S1.7091.S5. 4
Bran and ShOrts-'rhe demand for
both these commodities was of the ordi-
nary character, with prices ranging at
about SS.75 for common shorts and
about 50 for bran. Fine shorts were
held some 50@75c above.
Corn-The corn market was steady
at about 2Sc for common ungraded.
Some receivers were asking 291 SC to ar
rive.
Oats-Demand steady at 2S@25 for
fair lots. 20@21c for light, and 26{02Sc
for good to cl Oice.
Barley-Stained and frosted nearly
unstable. Fair to good samples went
at 40@50c.
Feed-s11. .50012.5O.
Flax-Quoted at s1.4S; Chicago, S1.5i.
Hay-Wild, s3.5095.50; timothy, $3.50
@s.25.
RECEIPTS AND SHIPMENTS.
Receipts-Wheat,9 %, ,760 bu: corn. 10,-
200 bu; oats, s, 100 bu; barley, 2,400 bu;
Qo,,,, Cos l>J,lo. s,,;llcfuffo tonc. how