St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-17
MINNEAPOLIS MARKETS.
Chamber of Commerce.
WHEAT FUTURES.

WHEAT FUTURES
Markets were firm in wheat this morning
and prices tended to favor the longs with Iac
added to the previous days closing prices.
News has become mere gossip, and prices
fiuctuate much as the traders flock to one
size or the other. Yesterday wheat was
strong and moving higher when Bradslreet
report of an increase i'll stocks east of the
Rocky mountains turned free buying into
free selling. That increase was mainly in
the Northwest where every Que who cares
to inquire Knows that the movement from
first hands has fallen OFF sharply. and that
market from ten days to three weeks ago.
and the facts were commented on at that
time. Foreign markets were slow.
The rise was steady from the opening until
97s4c was reached and sale or two touched
s40a15c. Longs selling out then caused q
moderate amount of offerings and q slight
depression. Tine Cincinnati Price Current
was credited with buliish crop and supply
statement that helped TO affect the early
rise. Some selling against calls at the top,
aided in checking the early advance.
Cars inspected out since last report were
Al cars No. northern, 66 cars No. north
ern. IA No. 3, 10 rejected 8 no grade and 5
No. l hard.
Following are to-day's closing wheat quo
tations:
No hard, October, 99c; No 1 northern,
October, 95I2c; November, 961sc; Deem
Der, 97ssc; on track 271s@9sc; No. 2
on track, 93@93lsc; May, SI.U37s.
CASH WHEAT.
spot wheat was i'll good supply, and there
was also sharp demand for the selections.
All other kinds were wanted at prices the
buyers of each thought they were worth
But it is getting evident there is too much
poor No. wheat mere, for price of it, TO be
held up So close to No. 1. There are selec-
tons in No. 2 that are worth more to mill
than reflections of No l, but, after the Sc
Dr,I1o M, . &c
year. the remainder averages too low to be
desired by millers. either in this city or out
of it. The off grades went better than poor
No. 2, for they were not covered by forms of
responsibility they were not entitled to by
being called something they were not.
At the close of the session large amount
was left that had to be worked in the after
noon, and. as it was mostly unattractive
called for much effort to sell at satisfactory
prices.
Wheat receipts for "a hours were Ala cars.
with ia cars shipped. Receipts of wheat at
Duluth, 30 cars. The grain inspection for
yesterday was as follows: Wheat-No. l
hard,I1 Is cars; No. northern, 152 cars; No.
2 northern, 134 cars; No. 3. 40 cars; re-
jeeted. IL cars; no grade, 6 cars; No. 2 win
ter wheat, & cars. Corn--No. 3, 2 cars. Oats
-No.2 white, cars; No. white cars;
No 3, 3 cars. Rye-NO 3, l car. Flax
No. l, % cars. Barley-No. 3, 5 crrs; No. 4,
l car.lo
Flour--The added daily output of the mills
grinding yesterday will probably aggregate
"a 600 brls.
The quotations were not much changed for
the last "a hours. All oruers at the late quo
tationsswere accepted. but the demand was
inactive. Bakers can be exported at q price
that will net about SO. 80. and some is sold
called fancy to the domestic trade. quite we'll
above that. The patents moved moderately
we'll at about $5.25@5.45, and small orders
were charged higher rate. Lower grades
were salable in bags at 1902. %, includ-
ing red dog. Shipments, 20. 3d. brls.
Bran and shorts--Both went well at S11.5 so
@l2. for bulk bran, and at Sl3.5U016 for
bulk shorts. including middlings. Ship
ments, T55 TONS
Corn-This market was dull with small
supplies offered. Single cars were usually
held at about 45@50c according to the quail
ity. Receipts 6lO bu; shipments, none.
Oats-This market had continued to gain
in strength lately, and while receipts con-
tinue fair. the demand is active for grain of