St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-13
MINNEAPOLIS MARKETS.
Chamber of Commerce.


WHEAT FUTURES.
Disappointment with respect to the wheat
estimate of the agricultural department yes
terday evening, was the cause of a sharp
break in prices this morning. December
closed at Csc Oh the regular board Yesterday
and sold up to 9sssc on the curb. 1t opened
at 97Ac this morning and sold steadily down
another cent, making full &c drop, instead
of rise that was so generally expected. The
report is presumably on the basis of meas
ured bushels, and when brought down to
commercial bushels would be only what was
expected, or some 1900. 600 blu by weight.
There was large amount of long wheat in
the hands of small dealers that was picked
up ON expectation of rise; and. when prices
began to run down to-day, they threw it,
making the market still weaker. Elevator
companies and others with much grain did
not sell. The buying demand was good at
the decline, with shorts disposed to cover on
the break.
Clearances of wheat and flour at New York
to-day equaled 120, 900 blu of wheat.
The receipts of wheat at the ten principal
markets footed up 7u2. 747 bu. Shipments
from the same points were 344, 652 blu.
According to the government report OF
acreage and yield per acre it was figured the
crop of the Dakotas is 1872, 900 bu and of
Minnesota IA. 0S8, $50 blu, making the total
crop of the three states 81, $50, 600 blu. The
total last year. by government estimate, was
S7.1OS. 900 bu.
The receipts of wheat at the four leading
oils, $50, $50 bu; Duluth, 9O,s95 blu; Chi
cago, 2S,742 bu; Milwaukee, rs, 1856 bu
making total of 549,9 73 bu against 495, 7O5
blu last year. The total receipts on the crop
at the above named points are 1902, 335
blu against %, Os5. 9Os bu last year, and H.
217, 75l blu in 1888.
Following were yesterdays closing wheat
quotations: No. l hard october, Csc; on
track, csc; No; northern October. 94c; No,
vember, soc; December, 96Ac; on track. 90
@96l2c; No. northern, October, soc; De-
cember, 92Ac; on track, 9i@92c.
CASH WHEAT.
Demand was fair for spot wheat at de-
cline in prices to correspond with the decline
in sales for future months. When such con-
cessions were made buyers were in the mar
ket for its The inquiry was for all sorts of
uses and included among buyers millers for
home and outside account, as well as ele-
vator people and general shippers. The sam
pies were pretty we'll cleared up, considering
the large number offered. and as early in the
day as usual. Wheat receipts for twenty
four hours were 602 cars, with 126 cars
shipped. Duluth reported 1874 cars received
there.
FLOUR AND COARSE GRAINS
Flour--The added daily output of the mills
grinding yesterday will probably aggregate
27,200 bbls. The f1oa markets are quiet, with
steady movement. a few days of activity
unloaded some of the surplus and put mill
ers in shape to continue running with
now fair pae agsFeg ars qD Sopa' at S@5
$50 here in cars, and S5.75@6. 10 delivered
to Atlantic points IN barrels: bakers here 81
@4.40: and grades from S2@2. % in bags;
with red dog at S1.9U@2. Shipments. 49,
40 bbls.
Bran and shorts-A good demand exists
for bran at $11.25@11.5O in bulk, with
shorts at $13. 25@13.oo, and midoIings at
SI4.50@15. Bag lots are quoted apout 81. SO
above. Shipm nts $40 tons
Corn-Movement slow, with small demand
Nominally 49@50c. Receipts, 1920.
Oats-Sales steady with good demand al
about 35@5Sc for dark mixed to choice
white. Receipts, 1900 bu.; shipments
5000 blu.
Rye-Little business doing, with prices
nominally about 56@56H2c for No. 2 by
sample.
Barley-Fine lots were wanted for ship.
ment. Local brewers are not in the market
for much yet. No. 4, or low quality of No. 3,
moved slowly at about 4S@53c, with bright,
heavy, well cleaned grain bringing from 55@
Coo. Receipts, 5,400 bu.; shipments, 4, 800
blu.
Flax-Market active. with sales at S141@
LAP. Receipts LOO bu.; shipments,
$500 blu.
Feed-Good mixed corn and oats feed held
at the mills at S19@19.5O, and coarse meal at
about $40.
Hay-Moving very quietly at about 81 500
$50 for good to choice wild and upland.
Receipts, 40 tons.
STATE GRAIN INsPECTIoN-wHEAT