St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-06
MINNEAPOLIS MARKETS,
Chamber of Commerce

MINNEAPOLIS MARKETS.
Chamber of Commerce.
The collapse of the Chicago May
wheat was "a feature in the situation
again to-day, and at about IL o'clock
sold at Gle against 94c early to-day and
$3.50 about Jwenty-four hours earlier.
There was some difference iii opinion as
to whether it may be picked up again.
1t was held by the bears here that there
is no probability of high prices in May
unless that option is taken up again
there. 1t is claimed to beimpossible to
make flour of it at present figures, to
sell the flour and come out even.
If a squeeze were made in Chicago
that would carry May to Sl.20, Or above,
1t is likely great deal of the North
west wheat would be sold to go into it,
as there appears to be no other way
that so much money can he got out of
wheat. New York eaSed off at first, but
soon recovered former steadiness, indI-
eating that the May deal there is pos
Sibly on solid ground. 1t is relatively
15c lower than here, but drop of 15c
now does not seem like a great matter
in the light of the recent past.
For the previous two days there had
been sustaining orders against further
breaks in May, but to-day, during the
greater part of the session, there was no
such order apparent. and the only sup
port to values of futures was the con-
sentative course of sellers, who were
evidently careful of dropping into
hole. There was no movement in the
country to mention, and arrivals as
usual came from stored country stocks.
May wheat was quoted at about CSC at
the opening, with July at 9615c, but the
feeling of weakness so prominent yes
terday continued, and values declined
again. May fell steadily from the OPEN
ing until at 1870 9315c May Nwas
touched, and July fell to 94c. From
that point prices reacted. The early
sellers bought back with moderatesauc-
tuationS later. Transactions were
larger than usual
There was very little demand for cash
wheat at the start, and up till IL o'clock
there had been but few sales of anything
for milling purposes. Receipts Still
average above 100 cars daily. and the
tables showed more wheat than sellers
could dispose of. There was no active
buying from any source, tho ugh ship
perS and local millerS were picking up
an occasional lot that answered their
purpose. Sellers were offering wheat
at about yesterdays prices. but to effect
sales reductions were eventually made.
Receipts were 100 cars, and IS were ship
ped out. Duluth reported cars on track.
hard f. o. b., SLOT; car No. hard o. W.
b., S1.0715; 5 cars No. northern, Csc;
3 cars No. northern old. s1.03: cars
No. northern old. S1.02; cars No. 2
northern f. O. b., Sc; 2 cars No. north
ern choice, 9Fc; 2 cars No. 2 northern
choice, 92c; 2 ears No. 2 northern, soc;
2 cars No. 2 northern, see; 3 cars No. 2
northern. S619c; S cars No. 2 northern
o. W. b., SIC; 5 cars No. 2 northern, S3c;
cars No. northern, 93c; 2 cars No. 5,
SSc; 2 cars No. f. o. b., S215c; 9 cars
No. 8 f. o. b., soc; 2 cars No. 2, SOC: 2
cars No. 5, sec; 2 cars No. 8, Ssc; 2 cars
rejected f. o. b., SIC: 2 cars rejected, f.
o. b., 53c; 2 cars rejected, Soc: 2 cars re-
jected, roc; Sears rejected. 73e; car re-
jected, 7Sc; 4 cars rejected, T21lc: cars
no grade, 60c; 2 cars oats, 201Ic; 2 cars
oa4S, 23c.
FLOUR AND COARSE GRAINS.
FlOur-The following mills were run
ming to-day: Pillsbury A and B. PirQe-
nix, Anchor, Washburn B and C. Pet
tit, Galaxy. Minneapolis and North
western.
The added daily capacity of the ten
mills grinding amounts to 1900 bhls,
but the output for to-day will probably
| not exceed 1880.
There was an Indifferent demand for
flour, and the inquiries were mostly for
small lots, showing a decided contin-
uance of the conservative policy of buy
ing adopted by large dealers, since so
| many of them got caught long in the
| October excitement. Few 5millers
would probobly sell standard patents at
s6.25 New York to-day, but fewer per
haps could get any more. Few sales
| were reported at Atlantic points, and
| few flour cables are coming from abroad
| owing to the wide difference in views
! of values. Some good to choice bakers
were bid Tor at 25026s, and few lots
| went at that. Patents, sacks to local
| dealers, S5.S5@6.20: patents to ship,
sacks, car lots. S5.65(06; in barrels, s.. IS
| @6.15; delivered at New England
points, s6.5o@6.S5; New York points,
S6.40@6.15; delivered at Philadelphia
aud Baltimore, S6.35@6.70; bakers
| here, S3.1504.T5; superfne. S263. ;
red dog. sacks. s1.35@l .50; red dog, bar
rels. $1.60@1.70.
Bran and shorts were dull and weak.
| The actual offerings were not large. but
! there was no demand to remove them.
! There was no encouraging feature pre-
scented. Quotations, bran, s6.5Q(97;; COM
shorts the Sama as bran. ~;
Corn-The shipping demand is STAIR.
but for local use the market is quite in
active. The receipts at primary points
| show decrease compared with THE
| week before of about 100000 bu, and
while this is doubtless due to some ex-
| tent to smaller farmers deliveries, roc
casioned by the more urgent callsaef
farm work upon their exertions,i sit ait
the same time shows no pressing desire
on their part to hasten sales at the pres
4 M n&afs 81. i
| to No. 9 yellow, 30(032c. 10
| Oats were in moderate demand. espe-
| claliy the better grades, at 25@2Se; poor
er qualities, 20@13c.
| Barley met with little demand on the
part Of buyers. and as result the mar
| ket was very dull, with no indications
| OF Improvement. Medium Qualities
| especially slow and neglected. Qlbta-
! tons nominal at 25(05Oc
Hay-Marllet dull at $685.. for wild,
S5.50(07 for timothy.
Flax quoted at s1.46; Chicago. sf52.
| Feed, S11@12.
FLOUR SHIPMENTS.
! Following shows the shipm ents of
| flour from Minneap polls, Jan. / to, date.
and same time in 1888: 1859, 1,14S, T34
bbls; 1883, 1,525.359 bbls.
THE WEEKLY. GRAIN REVIEW,
The Commercial Bulletin will say to-
day: "A generous supply of wheat has
come into the city during the week
past. but it Is to be noted that the drain
has been almost wholly upon the coun-
try elevators, and that the empty bins
have not been srefilled by farmers de-
Fveries. There has been practically
no marketing by the farmers. From
the best information obtainable there
are now in the hands of the farmers
only about 100000 bushels, against
| twice tia amount held by them war