St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-02-05
MINNEAPOLIS MARKETS.


Wheat markets opened steady yesterday
morning with the early prices not much diff
ferent from closing the day before. The
shorts have been driven 10 cover. and, hay
ing covered, there was nothing early 10 Gre
ate activity or fear on the part of sellers. for,
until there is another short interest, the buy
ing has to be conducted by the longs, and
they were not expected to push ahead so per
sisIently as to create muchJ enthusiasm. Ca
bles were barely steady, and indications of
the extreme cold weather abating were men
toned as reasons for expecting
pause i'll the late advance. Among
the strengthening features 20 the mar
ket later were a report by Bradslreet that
theirs is a decrease of stocks of 1,l5S,0OO
bushels of wheat east of the Rock
les. and decrease of S42, 900 bushels west OF
them for the past week, and shipments 0f
20 Ais barrels of -four from Baltimore, with q
sale of $1,000 bushels of wheat sold in Detroi t
for immediate shipment to New York. The
wheat market responded To these items and
improved about Ice, and later fluctuated
moderately with fair business.
Wheat closed: No. hard, February, 96c;
OH track. 97c. No. northern, February, and
March, 94c; May, 97c; on track. 95c: No. 2
northern, February 92c; on track, 9213c.
Cash Wheat-Spot grain sold quite freely
while May futures were steady, but with a
small break in them cash wheat was dull.
sympathizing in the earlier market, A reac-
ton i'll futures to the higher prices brought
back the cash market, and the higher classes
of graded samples sold quite well to local
millers, who continued to be the best buyers
for they must have the grain to use. while
other buyers are less dependent on daily OPP
erations. Low grades went slowly. Receipts
of wheat for "A hours 172 cars: shipments, 46
cars. Duluth received % cars.
FLOUR AND COARSE GRAINS.
Flour-The added daily output of the mills
grinding yesterday will probably aggregate
81 300 bbls Shipments, o., 574 bbs. Quoted
at $4.S0@5 10 Tor first patents. $4.4O@475 for
second patent, S3.600425 for fancy and
export bakers, 81 SOll2 10 for low grades IN
bags, including red dog. Flour sales were
reported rather small, as there was no de-
mand to speak of from abroad for patents at
figures that would meet it, and the domestic
buying was most generally of small quaint
ties, of few cars only in each place. The
rise in wheat was altogether too rapid and
too much on the speculative order to con-
vince flour dealers that the advance was of
that stable character that could be depended
on to stay. At old prices flour could be sold.
but that is under the cost of wheat now, and
so there is more talk of shutting down more
mills and letting the accumulation work off.
Bran and Shorts - Shipments, 6H tons.
Quoted ut $l5.25@1550 for bran, S15.250
1915 for shorts, and SIS 75616.25 for mid
dlings. Sales were steady on the general
basis of prices prevailing for some time, and
the offering about keeping along with the
demand.
Corn-Receipts, 1890 bu; shipments, none.
quoted at 4Sc10Oc or track. Inc corn market
was small one, for the offerings were light
and quotations mostly nominal, few cars
only passing now. and they are mostly to
grinders.
Oats-Receipts, GAO bu; shipments. 900
bu Quoted at 42045c by sample. The in
quiry for white oats was brisk. and all offer
ing picked up readily when prices asked
were not too high for the market. Light
grain for grinding went quite well.
Rye-Quoted az 65066c for sample cars on
track
Barley-Receipts, 400 bu. Quoted at 5A0
Csc for good TO fine samples of No. 3. There
was a slow movement from the country with
a satisfactory inquiry for nice, sound grain.
Flax-Flax sales are based on Sc off from
the Chicago quotations.
Feed-Mill5rs held at s195O01975, with
cornmeal at S190519.2j.
Hay-Receipts, 10 tons Choice wild quoted
at So. 5OG17.50, and good timothy at $685. fair
wild, $5.50016