St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-12
MINNEAPOLIS MARKETS.
Cham her of Commerce.

Wheat opened 1c lower this morning
with more for sale both of May and
July. The market was fairly sustained
at the decline for short time but later
sold off nearly another cent. Causes
of the weakness were the high condi-
ton of winter wheat prospects as re-
ported by the Washington agricultural
department and reports of rain through
the southwest of the spring wheat re-
giOn. st. Louis receipts were rather
large, and the general feeling reported
from other markets was beariSh. The
market was under no sort of manipula-
ton but left to drift with the current of
trade.
The trading was about evenly divided
between May and July, with much of
the may business in the way of settling
up old contracts. The premium on
Ju ly ranged about sc above May.
That was not equal to carrying charges,
and there was considerable changing
over on the part of millers with too
much May wheat Oh hand to keep them
grinding to July. The lower prices
give more hopeful prospect for future
milling as -four from wheat bought now
can be sold so much nearer to prices
asked by the winter wheat millers.
The opening market was at SO May,
S95s July, with the early trades ranging
from that to fraction under. Shortly
after 10 o'clock there was another de-
cline, taking values down about &c and
was good general trade fairly we'll dis
tributed through the day. Following
there were small fluctuations with bust
ness mainly in the way of filling brok-
er's small orders and no general effort
to crowd values in either direction.
On the sample tables there was only
a moderate quantity of wheat offered Of
the higher grades and prices for choice
milling wheat were firm at fully equal
to yesterdays figures. The low grades
were no stronger and the moderate
offerings of that class of grain dragged
as usual. Some No. l hard sold at
S1.04 free on board, but it was of extra
fine quality. Buyers claimed that all
from ] to &c higher than yesterday.
The scarcity of these grades is begin
ming to have some effect on prices re-
CARELESS of the course of futures. Re-
ceipts were 100 cars and 45 were shipped
out. Duluth received II cars. Car lot
sales by sample: Three cars No. hard,
81 .04; 2 cars No. northern, Gle; car
No. northern, 92c; cars No. north
ern, 90c: 2 cars No. northern. O. W. b.,
90c; 2 cars No. northern. delivered,
soc; 2 cars No. northern. 81: 2 cars
No. northern, soc: 3 cars No. 2 north
ern, SIC; 2 cars No. 2 northern. 7Sc: 2
cars No. 2 northern, Sic: cars No. 2
northern, S3c; 2 cars No. northern.
5sc; cars No. 2 northern, soc; 4 cars
No. northern, 79c; 2 cars No. 8, 75c:
2 cars No. 3. f. O. b., 75c: cars No. 3,
soc; 2 cars No. 3, delivered, Sic; 2 cars
No. 3, re: 2 cars No. 3. Sic; 2 ears No.
3, S0c;2 cars rejected, zoe; cars re-
jected, f. o. b.. sec: l car rejected, 6Oc;
2 cars rejected, delivered, zoe: cars re-
jected, 73c: 2 cars no grade, f. O. b.,
Csc: 2 cars no grade. f. o. b., SIC: cars
no grade, SIC; 6 cars sample, 6415c: 8
cars sample, Sac: l car screenings, f. O.
b., $3.50; 2 cars oats, PC: 2 cars oats, 24c.
FLOUR AND COARSE GRAINS.
Market Record. Flour-The follow
ing mills were running to-day: Pills
bury A and B. Phoenix. Anchor. Wash
burn B and c. Petit, Galaxy, st. An
thony, Minneapolis, Humboldt and
added daily capacity of the Is mills
grinding amounts to %. 700 barrels. but
the output for to-day will probably not
exceed 1880. A good demand for flour,
though desirable, seemed as far away
as before. 1t does not appear probable
there will be created any real activity
until the wheat markets get down to a
point that will inspire confidence In
buying flour. The -four stocks in the
large cities are owned by millers, and
flour jobbers have little Of their own
property on hand. while stocks in the
interior are light. Few people but mill
ers own any flour worth mentioning.
and when prices get down where con-
fidence is restored they will be sur
prised at the rapid absorption of it. But
that confidence will come only when
prices in the East and West are in bet
ter harmony. There must be further
decline here. an advance there or a
union of the two.
Patents, sacks to local dealers, S5.7O@
go; patents to ship, sacks, car lots,
S. h0l06: In barrels 81 1O6lh Ia: delivered