St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-06
MINNEAPOLIS.
Chamber OF Commerce.

The early tendency in the wheat market
was toward reasonable strength, with firm
and higher stock markets. The latter was
the cause of some confidence i'll improve
ment III finances. and to that extent affected
wheat markets favorably. Coarse grains did
not favor improvements and at the outset
corn in speculative dealings fell off lee,
though the futures in oats were well sup
ported.
Soon after the wheat opening there was
good deal of selling and the market weak
ened, running down about Ice, TO 94lac May,
but rallied again to 95l2c, falling again be-
fore noon, with small fluctuations following
to the end. The secretary of the Kansas ag-
ricultural department. was out in glowing
report of wheat prospects there since the
snowfall. The visible supply increased 10,
600 bu for The week. Futures were supported
considerably by the strong demand for spot
wheat. Ret eiptS at the four principal spring
wheat points since Aug. l, the beginning of
the crop year fOotup, Minneapolis, 30, 1906
301 bu; Duluth, 1913 l5l bu; Chicago,
9S02.574 bu: milwaukee, 4, ILL., S9 bu,
making total of j3,563412 ou, against o.
III, 1O4 bu during the same time last year,
and 80, 644, 70l bu i'll 1883. The total re-
ceipts of wheat at the four principal winter
wheat points, Toledo, st. Louis, Detroit and
9o4 bu, against %, S3S, $50 bu in 1890, and
%, 767, $50 bu in 1880 Local flour ship
ments since Jan. l amount to 60, S2S bbls,
against Al 475 bbls during the same time i'll
",
spected out since last report were IL No. l
hard; No l northern, 40 cars; 40 No.
northern; 4 No. 3; . rejected; no grade.
CASH WHEAT.
The demand for wheat was good, with
rather light arrivals for two days, including
Sunday, the number of fresh arrivals being
1877 cars. Demand was sharpest that came
from millers here and outside, the bulk of it
going 10 home mills. Reports from the
country showed fair movement from farm
GRO a
small lots of spot wheat were sold to local
elevators, but they were not actively In the
market for stocks, as the cash wheat was too
near the May future for them. A fair num-
Der of cars needing handling were taken for
that purpose during the day. Receipts of
wheat for forty-eight hours, 397 cars; ship
ments, rs cars. Duluth received % cars.
Closing quotations: No. l hard January.
soc; February, 9Ol2c; May, 9Sl2c, on track,
9Vc; No. 2 northern, January, SEC, on
track, SIC,
THE NEw FREIGHT RATE.
In the matter of the adjustment of transit
shipping privileges al Minneapolis on grain,
etc, nothing appears to be well settled. 1t
is past the time the new rate was to take
effect, and 10 shipper and no freight agent
had been found yesterday that could answer
positively some of the most important and
practical questions in connection with the
enforcemeutof the change. That condition
leads strongly 10 the conclusion that the
chiefs of the traffic departments hay not
finally agreed upon details. If they have not.
they may not. There are many practical
difficulties to meet before the rate is effect
i've, and the prospect is they will not be salts
factory overcome.
FLOUR AND COARSE GRAINS.
Flour-The added daily output of the mills
grindingye taday will probably aggregate H.,
100 bbls. Shipments, 27,3o2 bbls; quoted
at S46OQ5 for first patents; 81. 30@4.5O for
second patents; S3.5t @4.20 for fancy and
export bakers; 81. SDl02. % for low grades in
bags including red dog. Flour was moving at
a satisfactory rate for this season OF the year.
The late production has been small as conf
pared with autumn months, but as large as
common in the winter, while the demand for
flour is better than common III the winter or
at this time of it particularly. There is nearer
a steady export basis now than it is reasona-
BILE to expect later in the crop year. There
is no especial reason to fear decline abroad
to cut Off exports, but there is likely to be an
advance on this side TO check 1t before the
end. Prices were steady.
Bran and ShOrts-Shipments, 1909 tons.
Quoted at SI4 250l4.50 tor bran; S14.750
Is for shorts, ana S15.25@l5.75 for mid
dlings. The local inquiry was not very brisk,
but the millers reported considerable inquiry
for Eastern shipment.
Corn-Receipts 6, 100 bu; shipments 600
bu; quoted at 4J6l17e on track. Corn was
scarce and held higher to arrive.
Oats - Receipts, 20 100 bu; shipments,
5000 bu; quoted Mt 3S@41c by sample. In
quiry was brisk for local use and to ship,
with sales at higher figures.
Rye-Receipts, none; shipments. 600 Blu:
quoted at 59@61c for sample cars on track.
Barley - Receipts. 1,2O0 bu; shipments,
4, 200 bu; quoted at 4S060c for good to fine
samples OF No. 3. The demand was better.
with small offerings. Considerable inquiry
nO.ed from outside.
Flax-Shipments, 500 bu. Flax sales are
based OH &c off from the Chicago quota
tons.
Feed-Milers held at S195O@2O with
cornmeal at S1S.5O0195O. The movement
of feed was quiet at stronger prices.
Hay - Receipts, 102 tons; choice wild
quoted at S6.5O@7. and good timothy at
&C o.. fni E,0ErH -