St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-08-22
MINNEAPOLIS MARKETS.
Chamber of Commerce.


There was a serious break in the wheat
market this morning. due partly to realizing
by longs who had followed prices up until Ill
the natural course a break was due. There
was evidently some short selling for the sam e
or similar reason, that a temporary decline
was to be expected after such an important
rise. The opening price of september was
small fraction better than the closing yester-
day, but the decline setting in soon after
there was sharp break later. Much of the
previous two days rise was due to frost
scare. but as less harm was apparently done
than hao been feared holders were selling.
The volume of trading was large. and at
tended with considerable excitement at
times. About the middle of the session Sep
TENDER touched 995sc which was lac below
the opening price A reaction then carried
the market up to Sl.0 IS, in about thirty
minutes
Following are yesterdays closing wheat
quotations: No. l hard. August, Sl.1O; OH
SLOPE; September, .Sl.00s4, December,
$1O4A on track, Sl.U5@l.OS; No. 2
northern. 81; on track, S1@l.03.
New wheat on track, quoted: No nor tn
ern, 81. 03@ l.U5; No. . northern, 9Sc@SI.
CASH WHEAT
Receipts of wheat for the last twentyfour
hours were 70 cars shipments so cars The
inspection showed So cars new wheat that
came in. An early break in the general mar
kets and lower prices for futures were un-
favorable for sales of cash stuff. Local mill
ers were buying some old wheat, but the new
went slowly at lower figures. Some holders
of choice old wheat thought it moved well.
while others, with general mixture OF fair
or poor cars, found more trouble to make
satisfactory sales than yesterday. The con-
ditiOn of the new wheat was good, very little
of it going mo grade" There was some No.
red winter offered that was slow to sell.
epecifed. Sales of cash wheat are on the
basis OF delivered, unless specified. Cash
sales by sample and otherwise today in
GUIDED the following: car No. hard f. o.
b.. S1.13; car No. hard, f. o. b., 81. 12l2;
cars No L northern. f. o. b.. Sl.Os; L car No.
northern. f. o. b., ST .O7I2; i car No. north
ern, Sl.07; cars No. l northern o.,t.,
81 Os; car No. northern, 81. 05; car No.
1 northern. S1.07s4; 2 cars No. northern,
new. 81 Oh; ! car No northern, new 81 .OS;
car No. 1 northern, new, Sl.O5;
cars No. northern, .s1.05l2; ! car
No. l northern, new, f. o. b., S1.O5;
l car No. / northern, new, Sl.O2;
2 cars No. 1 northern, new, Sl.o4l2: car
SI04l2; l car No. ! northern, new f. 0. b,
Sl.O5; l car No. northern. new, S1.U4; 2
cars No. northern, SLU6: rev No. north
ern-1 car at 99l9c, l car f. o. b. at 99c. car
at 99l2c. l car at SOC, car o. W. b. at Sl.03.
1 car f. 0. b. at 99l2c. 2 cars at 9912c. car t.
O. b. at ST., cars at 99c, car at 9Jc, l car f.
O. b. at 99l2c, Ger at ST. and cars at 981ac;
car No. S winter wheat. +. Q. b.. &c; car
new No.2 white oats, 30 lac: car corn, 41l2c.
FLOUR SHIPMENTS.
Following shows the shipments of flour
from Minneapolis Jan. l to date aud same
time in 1899:
1890, bbls.. g. 9c2, 53e 1889, bbls.. III, 1O2
FLOUR AND COARSE GRAINS.
Flour-The added daily output of the mills
grinding yesterday will probably aggregate
10000 bbls. The demand was improving,
and since the late advances buyers are look
ing about with the disposition to buy. "A
moderate cut would take considerable trade,
probably but flour makers who may not have
Stocks Of wheat bought are careful about do