St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-05
MINNEAPOLIS MARKETS.
Chamber of Commerce.

WHEAT FUTURES.
The grain market was very active Saturday
morning, and under much excitement prices
of " heat advanced rapidly, with large trad
ing. The closing Friday night wa at 89Ac
NAV. and sac July. At the start Saturday
there were bidders I2c above the close Fri
dav, but none to sell at that. The first
sale noted was at 92c July, and with omore
for that buyers went up 10 9214c. The offer
ings were too small for the demand at that.
and the advance continued until 94c July
was touched. Then more wheat was let out,
and decline followed, amounting to about
34c. when large demand started that had
taken july back again to 94Ac by 2 o'clock.
The feature that seemed to have great eff
feet in the control OF prices was the dry
weather that prevails In the Northwest.
Other places as well as this pointed to that
condition as the main backing, with foreign
prices sympath1zing with the upward tend
eucy. There was some talk of the control of
wheat being in strong hands.
CLOSING WHEAT QUOTATIONS.
Following are the closing wheat quota
July. 94l9c; on track. 94l2@95c No.
northern. May, 92c; June, 93c; July, 9312c;
on track, 93l2@94e. No. northern, May,
soc; June, Gle; July. 9ll2c; on track, 90c.
CASH WHEAT.
Receipts of wheat were 179 oars. ship
ments 4l cars. Nearly all of the elevator
companies were active buyers of No.
northern wheat Saturday. They didn't want
anything else. The quality did not appear
to cut much figure, the better class not bring
ing any more than the poorer. As long as it
was contract grade they took it. Sales were
also made to arrive at about the same price
cash was selling at. Other grades were drag
cling No. northern was IN little better
demand at about 3l2GD4c under NO. norin.
ern, but No. hard was not much inquired
for and low grades were neglected. Local
millers were buying but little. Outside mill
ers bought some wheat AT the opening
there were sellers of No. northern to arrive
at 9Ul2c. Considerable was sold early be-
to arrive were governed by the price OF tut
ures at time sales were made.
FLOUR AND COARSE GRAINS.
The added daily output of the mills grind
ing Saturday will probably aggregate $4,000
bbls
There was a firm tone in the flour market,
and millers were quoting higher, with buyers
holding back, apparently not fully impressed
with the soundness of the current range of
wheat quotations. There was wide range
in millers' views, and some held their product
above the following range of quotations:
Patents sacks to local dealers, 5 '.15@
5.35: patents to ship, sacks, car lots. 81. 6u@
400; in barrels. $4.9H@5.2O delivered at
New England points eo e delivered
| at Philadelphia and Baltimore, S5.45@5. 60;
| bakers here, S3@3.75; superfne, S1.7a@
2: red dog. sacks, Sl.1O@1.25; red dog,
| barrels, 81 .25@1.5O.
Bran and Shorts-The feed products re-
NAMED steady at 5000. % for bran and 500
| 8. rs for shorts, with some especially choice
held above: shipments, 65s tons.
Corn--Held higher. with few sales; the
| samples offered in the morning were held al
about 34c, but buyers were slow to take hold
at such an advance; receipts. 1920 blu;
shipments, 14.400 blu.
Oats-Firm, but not active. with No.
| white and No. quoted at about 25@25l2c
and some nice No. 2 white held at 27@2ec
| it was noticeable that buyers were not at
tracted by the high priced lots, except ar
| occasional car wanted for special use; re
ceipts. 1000 blu; shipments, 5000 blu.
| Barley-Noninal at 29@35c.
| Feed.Firm and good lots held for outside
| figures, with quotations ranging at $125(
| @13.
Hay-Sales ranged at $6@s, with a little
| choice held above for upland; receipts. 7(
tons.
| FLOUR SHIPMENTS.
l Following shows the shipments # Con