St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-12
Chamber of Commerce.

AT the opening yesterday there was a
most pronounced bear feeling in the
wheat market. The weather was brill
liant and farmers were reported TO be
getting IN shape to put their seed i'm
the ground. A little seeding operation
had been begun last week, but was in
terrupted by few days of colder
weather. The prospects made bears of
the Scalping crowd and from the same
cause the bear ranks were reinforced
by the country elevator companies. in
spite of the fact that farmers deliver
les at country stations are of very
meager character, caused by break
up of country team roads and seed
ing preparations. There was a better
flow of water in the canal of thew est
side. and more of the milling capacity
could have been operated if the millers
as a reason of idleneSS the particular
dizziness in the sale of their flour, while
others who were running their mills.
while admitting a dull flour market,
claimed it was only temporary, caused
by few days of break in wheat mar
kets.
The majority of traders in futures
sold, if they did anything, while few
determined operators bought, and did
so evidently on orders to save the mar
ket from further break and demoraliza-
ton. Among those noticeable as sell
ers were Cargill, Wheeler, Adams.
Zeidler, Moore, while Pratt both bought
and sold. The heavy buying was by
Frazer. of A. j. Sawyer & Co., and Pet
tit bought some. The buying by Frazer
had the appearance of being on orders of
local bulls to sustain the market. He
took lots, large or small. as offered from
the bottom to the top, but at the top
the offerings were heavy and prices
were allowed to recede again.
The first sales of May were at 9ac.
and fell from that to $3.50. with good
deal of wheat offering. That was the
low point of the morning, and from it
prices reacted in few minutes to
sl.00]sc, with heavy trading. The mar
ket then broke to 5000 on large sales.
with more offered at 3sc. and buyers at
]sc. From that, prices again advanced
about II o'clock to $1.001S, at which
100000 blu changed hands. The mar
ket recedcd again with sales at S5aLc
within the next thirty minutes. Later
there was better demand, and prices
advanced again TO 99s4c, with consider
able wanted at that about l O'Clock:
10000 2So-lb sacks Of -four were sold to
London to-day by Minneapolis miller,
equal to about 2S.700 bblS.
The sample market showed no sign of
recovery from the demoralized state of
last week. and the unsettled state of the
market for futures was not encouraging
for holders Of cash wheat. Receipts
were below Saturdays estimates. and
local elevator stocks showed decrease
for the week, but no strength was inn
parted by these facts, and sales dragged
slowly all day at prices that ranged from
Saturdays quotations to Sc below. Some
NO. 1 hard was offered at 81 .13. with
Sill the best bid up to IL O'Clock. Some
No. sales were made at S3c, and No. /
at S1.05. Receipts for two days were
1875 cars, with So shipped. Duluth re-
ceived Ii. Local elevator stocks de-
creased 9, 1874 bu, and Duluth increased
1866 blu. Car lot sales by samples
cars No. l hard delivered, Sill: 2 cars
No. l northern. S1.G2; 5 cars No.
northern. 81; 5 cars No. northern, 99c;
10 cars No. 1 northern f. o. b., 9S1Sc: /
car No. northern old, S1.O7; 2 cars No.
l northern, S1.03; 2 cars No. l north
ern, $1.05; cars No. northern, Csc:
2 cars No. 2 northern, 92e: 3 cars No. 2
northern, SSc; 2 cars No. northern,
Gle: cars No. 2 northern, soc; 2 cars
No. 2 northern, f. o. b., 90c; 2 cars No.
2 northern, 95c: 2 cars No. 2 northern,
CSC; 2 cars No. 2 northern, 92c: s cars
No. 2 northern, SSc; cars No. 2 north
ern. 90c: 2 cars No. 8, 95c: cars No. 3.
Sac; 2 cars No. 5, soc; 2 cars No. 8, soc:
2 cars No. 3, S211ac: 2 cars No. 5, S3c; 3
cars rejected, S3c; cars rejected, 7Sc;
4 cars sample, S1.05;, cars sample.
S1.0S; 2 cars sample, soc; cars sample,
35c.