St. Paul daily globe., 1891-05-05
NlINNEAPOE.IS MARKETS.
Chamber OF Commerce.

This morning there was a sharp break in
wheat though few trades were made IN
July at prices nearly up to Saturdays close.
These conn prised- six different lots sold al
S1.O784. The market then fell steadily to
Sl.06A with only two sales at the bottom.
Prices then rose to S1.067s, and shortly fell
again to Sl.G57s with considerable steadiness
for sometime later. The aggregate trading
was small, amounting to about 400, 900 bu
only in the first hour as a great many of the
trades were in 5000 bu lots. The market
sold down below 81 .O5 July just before the
close of the Gay and was very weak. Total
receipts at the four principal spring wheat
points since Aug 1, the beginning of the
crop year, foot up: Minneapolis A., 1885,
$50 bu; Duluth. 1882 109 bu: Chicago,
12,71z979 bu;. Milwaukee, 6,10s;717 bu,
against 78,644,175 bu during the same time
last year and So, 170. 436 bu in 1889 The total
receipts of wheat at the four principal winter
wheat points, Toledo, st. Louis. Detroit and
Kansas City from July to date are p, ,236, ,941
bu, against 2S,3-s,317 bu in 1880 and 81 154, ,667
bu in 1899. Local -four shipments since Jan.
1 amount to 2,152.900 bbls, against :. .2j3, ,037
-bbls during The same time in 1890 and /, ST.
SOS bblS in 1889.
The market for sample wheat was slow to-
day. Elevator companies were in the mar
ket for No. l northern at &c under july but
most of sellers were holding on in the hopes
of getting little increase. as local millers
showed more inclination to buy. The outside
demand was small. Prices. as compared
with Saturday, were fully &c lower The
offerings were quite large. Local millers
bought but very little wheat, the most of No
l northern going to elevator buyers. Poor
grapes were dull Receipts of wheat 81 hours
were 392 cars, shipments 11S cars. Duluth
received 2lS cars. Closing, No, hard, Sf06;
on track, SIO6I2: No. l northern. S1.03l2
June, SL03; on track, Sl,O3I2; No 2 north
ern, May. 81; on track, S1Gl101.
FLOUR AND COARSE GRAINS.
Flour-The added daily output of the mills
grinding yesterday will probably aggregate
26, zoo bbls Shipments, %, 1876 bbls. Quoted at
S5.3O@5.60 for first patents: S5.1C@5.25 for
second patents; S4.25@5 for fancy and
export bakers; S202.50 for low grades in
bags, including red dog.
Flour moved slowly, with BUYERS asking
still further concessions than millers were
able to grant. The price of offal has fallen
so much that it affects the relative values of
flour to wheat prices. Local millers did not
feel like dropping flour TO equaliZe with the
break in wheat Saturday, unless it proves 10
be some thing more than the fiuctuation of a
day. The prospect ahead for -four does not
seem to be in the least disconraging, as the
dullness is Only an incident in the trade, al
WAYS following breaks i'll wheat markets.
Bran and Shorts-Shpments, 620 tons.
Quoted at Sl1.5GO11.75 for bran. Sl4114.50 for
shorts. and Sl65O@17 for middlings. These
were lower and hard TO SELL for on sharply
declining market all hold off from buying
while they wait for the bottom. That was
the situation to-day, but prices were nominally
lower.
Corn-Receipts, $3.50 bu: shipments none.
Quoted at 63@j5c On track. Corn was weak
and lower with an unusual Dumber of cars
on track today and offered by sample. The
demand was slow, and bidders some &c lower
with sellers about 1c lower and the offerings
going slowly at a compromise figure. Futures
were lower in sympathy with wheat
Oats-Receipts, ii, 1l0 bu; shipments, 10 00C
bu. Quoted at 5005lc by sample. Sales OF
oats were not affected easily, as buyers were
backward for samples Oh account of the de-
clining price of futures. A moderate quan
tity was offered ct about 5dl2c for No.