St. Paul daily globe., 1889-03-07
MINNEAPOLIS MARKETS.
Chamber Of Commerce.

MINNEAPOLIS MARKETS.
Chamber Of Commerce.
A few days ago speculative trading
was small and fluctuations were very
narrow. Would-be sellers had the fear
of manipulation before them, and they
were even menaced with talk of mill
ers' combination in Minneapolis to cor
ner the May option. It was told that a
meeting of parties identified i'm the long
side of speculative wheat milling, was
actually held to consider the feasibility
OF manipulating that branch of the
milling industry and run a genuine
May corner in wheat. The course of
the market later did not bear out
the talk, or at least did not indicate
that the cornering machinery had been
put to work. After the first dullness
prices softened and the market declined.
with more active trading. AS prices
dropped away there seemed to be no
bottom for them to touch, and May
wheat. that sold at S1.O7 few DAYS
earlier, reached S1.0015 Tuesday. The
demand for it fell away with the price,
and in the face of the small amount eX-
listing in the Northwest there was SEEM
lngly none so poorly provided for that
wanted any of that there is. The rea-
son was perhaps that flour was too dull
and low to make the grinding OF it prof
liable.
The May opening was weak and about
7ac lower. with few buyers and no push
on the part of sellers. News from all
quarters was not of a bullish tepor. but
rather the reverse. The majority of
reports of the winter wheat crop were
of good promise, and in the Northwest
farmers in several sections have begun
seeding to spring wheat. Such facts
were weakening to wheat markets..
There were shorts in some instances
buying to secure profits, and longs were
dropping little on the discouraging
prospects. A few bought a little for re-
action and scalpers we're willing to as
sert an advance for a place to sell on.
The opening price of May was at
S1.01I. advancing to $1.02 about IL
considerable steadiness with sellers ask
ing little more money. They met
poor demand from millers whose -four
was selling lower or not going at ALL
the farmers were reported to be selling
but little wheat and on the local board
the indifference to cash offerings made
business generally dull. There was no
improvement in British cables.
QLater in the day there was more de-
sire to buy futures. and toward O'clock
May had advanced to S1.02$1.
Sample tables made about the usual
showing, though there was perhaps a
better display of good wheat. Several
lots of No. l hard were offered and
some choice No. l northern. Sellers
were asking higher prices, especially
for the best northern, and the steadier
tendency of the speculative markets
encouraged buyers to take hold to some
degree. Millers were only taking what
they considered as bargains, although
they were examining the offerings more
than for the past few days. Low grades
we're in poor demand at previous
quotations. Receipts were 169 cars
and shipments 7e. Duluth received 81.
Car lot sales by samples: Two cars No.
1 northern, s1.O1; 8 cars No. north
ern. S1.02: cars No. northern, S1.O6;
2 cars No. 1 northern. S1.03; cars No. 1
northern, S1.05: 4 cars No. l northern,
S1.04; 5 cars No. northern, Sl.02115;
10 cars No. northern, delivered,
S1.04H;1 car No. northern, S1.OS; 1
car No. 2 northern, 93c; 5 cars No. 2
northern, 90c; 2 cars No. north
ern, 92c; cars No. 2 northern, 9615c;
] car No. 2 northern, o. t.. 9415c;2 cars
No. 2 northern, 93c; l car rejected, 75c;
, cars rejected, zoe: 2 cars rejected. 6Oc;
ColO lVJCCtCtt, OoC Cdl lSJCCtCus
2 cars rejected, S5c; 2 cars rejected f. 0.
b., 46c; car rejected f. o. b., soc; 2 cars
rejected +. o. b., 75c; 2 cars no
grade, 6219c; cars no grade,
&C. ears no grade, SOC; s cars e' sample
S1.05: 10 cars sample, 3715c; cars sam
Ile, Ole; cars sample, soc; 2 cars sam
pie. Csc; 2 cars oats, 23s4c; 2 cars oats,
231ac; 4 cars oats, 23c: 2 cars oats, 22c:
cars oats, 2334c: 2 cars oats. 22c; 2 cars
oats, 2015c; 2 cars oats O. t., 2015c; cars
corn, 29c.
FLOUR AND COARSE GRAIN.
Flour-Thc following mills were run
ming to-day: Pillsbury A and B,
Phoenix, Anchor, Washburn B and C,
st. Anthony, Galaxy, Northwestern and
Columbia. The added daily capacity of
the 10 mills grinding amounts to 1S,6
barrels, but the output for to-day will
probably not exceed 14,000. There was
| no improvement i'll flour to-day either as
to the extent of demand or range of val
ues. Small orders were in the hands of
millerS for great many domestic
points, and on them there was quite
large aggregate distribution of patents.
Bakers could have been sold to go
abroad in almost unlimited quanti-,
ties at figures foreigners will bid.
They do not waste much time, how
ever, in their bids and with large stocks
offering in competition are in position
to dictate prices. Patents, sacks, to local
dealers. S6.2O@6.40; patents to ship,
sacks, car lots, S5.9G@6.20; in barrels,
Sc. 15@6.35; delivered at New England
points. s6.90@7.15; New York points,
S6.S0@7.05; delivered at Philadelphia
and Baltimore, S6.75(0s6.95; bakers,
here, s4.1O@s5.2O; superhne, s2.5o@4.1O;
red dog, sacks, S1.35@1.60; red dog,
barrels, S1.60@1.S5.
Bran and Shorts-There was moder-
ate demand for bran at $S.75@9, with
fair offerings at S9(09.25; shorts were
held at SS.50@9.50, according to quality.
Corn-There is considerable corn
passing through here from the South
west, and little Offering at the rate of
about 27(92S115c for ungraded.
Oats-The market is extremely dull.
There are more oats offerings daily than
can be sold from track. A few lots
each day are good stock, but the bulk
of arrivals are poor and sell at 20@22@
23c, while fair goes at 23@25c, and
choice at 26@27c. The market is over
stocked.
Barley-There is not much barley
now offered excepting stained badly or
frosted. Neither kind sells well, and
II badly damaged, can hardly be dis
posed of at any price. Good to choice
lots sell at 100000. few going above soc.
Feed-$11. 1.50@12.5o.