St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-07
MINNEAPOLIS.
Oh amber OfCOInmerce.

Weakness and lower prices were the early
features of to-day's markets That there
was something of fear that stimulated the
rise of wheat in the July option appeared
when the market opened &c lower for il this
morning. The later futures did not fall so
far below the closing price of the last pre-
vious session, but they symptthiZed and were
weak. in the face of wet weather and return
ing frmneSs i'll Europe. The amount Of
money that has been made by plunging on
the short side recently has encouraged its
continuance. The state of the crop on this
side favored it and the large supplies in hand
abroad were not against it. Prices are suf-
fering now for the mistake of the official es-
innate of the crop that led to disappointment
Of dealers and to consequent decentralization.
July opened at csc, sold to 9SS4c, closed at
90c
Total receipts at the four principal spring
wheat points since August l, the beginning
of the crop year, foot up: Minneapolis. A.
1856 bu: Duluth, 16650,7G7 bu; Chicago,
14,7sS03? bu: Milwaukee, 7.23S, 322 bu max
ing total of S644l,G1 bu, against IS, 792, 5S4
bu during the same time last year, and So
346 946 bu in 1889.
The total receipts of wheat at the four prin-
cipal winter wheat points, Toledo. st. Louis,
Detroit and Kansas City, from July to date,
are 104, 69l bu, against 1869 bu in 1890, and
106 s63 bu i'll 1880
Local flour shipments since Janury /,
amount to g. SIS brlS, against 3,045, 319 brls
during the same time in 1890, and 2,5l0, 1903
in 1889.
Cash Wheat-The offerings of cash wheat
to-day were large, being three days receipts.
The market was inclined to be draggy, be-
cause buyers did not want to pay the pre-
MUM over July that was asked owing to that
futures sharp advance over the other
months. At the same time a great deal of
wheat was bought by the different local mill
ers. One elevator buyer was also in the mar
ket. Sales of No northern were made at
s4011c over July. The bulk of the sales were
y sold mostly II
ing quotations.: No, hard, july S1.01 on
track, S1.01; No. 1 northern, July. 99c; Sep
TENDER, S5c December S5I2c; on track, 99Iac;
No. northern, July, Csc; on track, 95@96c.
FLOUR AND COARSE GRAINS.
Flour-The added daily output Of the mills
grinding yesterday will probably aggregate
2l,20G bDls. Shipments. %, ia bbls. Quoted
at S4.90@5.20 for first patents; S4.6Q0l4.75 for
second patents; S40450 for fancy and ex-
port bakers; 81 10@235 for low grades in
bags including red dog. There was rather
better inquiry to-day, due perhaps to the re-
action Thursday and the possibility Of higher
was not important enough to create decided
activity. on the other hand the market was
actually dull, only it was little less so than
early last week. Whether there is to be re-
turn to large sales for few weeks yet is seri-
ously questioned by most millers, though
they would be glad to know they had made
mistake. Miliers quoted rather firm prices.
BRAN AND SHoRTs-Shipments 654 tons.
Quoted at SliCUl1.2J IOr Drdn. Sl0-IJQIl0.lO Tor
shorts and Sl5.5C@l6.50 for middlings. De-
mand is less than short time ago, and while
millers have been asking pretty firm prices
the sales have been rather small. Some
places that took a great supply are getting
filled up and holders are looking up places
that will take bran at the quotations. Shorts
are still scarce and more easily disposed OF
than bran.
CoRN-Receipts 10, 06O bu shipments none.
Quoted at 55I2M51I2c on track. A moderate
demand existed for the use of feed mills and
good lots for that purpose went off fairly.
Oats-ReceiptS, 1920 bu; shipments, $50 bu.
Quoted at 3eG137c by sample. There are fair
arrivals, and there seems to be no scarcity Of
offerings to ship in here. Prices are pretty
well maintained although it is claimed that
there are too many oats in the hands of coun-
try shippers to supply the natural demand at
the present relative prices compared with
prices outside. They are above the shipping
values though If they fall to it the demand is
good enough for ALL
Rye-Receipts, $50 bu; shipments, none.
Quoted at 776D7Sc for sample cars on track.
Barey-Receipts, none; shipments, none
Nominal at 40055c for poor to fine samples
of No. 3.
1Flax-Receipts. none: shipments, none.
Flax sales are based on 100l1c off from the
Chicago market.
-Feed-Milers held at s22022 50; less than
car lots, S22.5C@423, with cornmeal at S22023.
Hay-Receiptsr Is tons; shipments, 30 tons
choice wild quoted at $7.5e@S; fair wild, So
@7.50; poor wild, S5@6; good timothy at
S11M1t 10