St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-18
MINNEAPOLIS MARKETS.
Chamber OfCOmmerce.

neat was unsettled ana nlSner Yesterday
morning, with great excitement In all the
markets. There was an advance at the open
ing of 2S4c, and q later rise of 4I2c more,
making prices some &c higher than the close
of Saturday. Then the market began to go
the other way. aud all wanted to sell as
much as they wanted to buy before. The
market broke 712c, and then turned upward
again. Nothing like it was ever seen here
before. There was no trading on judgment;
it was all fear, hope and excitement com
bined. With such a mad scramble,
which ever side the leaders took others
followed. Cables had little to do with it,
and crop reports less, while few stopped to
consider either, or to think about exports
The chief thought was to fathom the next
probable turn of prices, and that occupied
The full capacity of all that tried their hand
in the deal. Total receipts at the four Prin-
cipal spring wheat points since Aug. ], the
beginning of the crop year, foot up: Mime
apolis, 46i $50 bu; Duluth, 32l,0l5 bu; Chi
cage. 43S5,S14 bu; Milwaukee. 22SS90 bu,
making total of 500, go bu, against 1905, 800
bu during the same time last year and ), lOO,-
wheat at the four principal winter
wheat points, Toledo, st. Louis, Detroit
and Kansas City, from July to date are To-
1892 bu, against s, Ali, SIS blu in 1890, and
since Jan. l amount to 4,023, 700 bbls, against
3,S46,063 bbls during the same time in lS90,
and 3, 146, 1913 bbls In 1885,
CASH WHEAT.
Inc great excitement III Tue pil IHO
first hour kept buyers of cash wheat out OF
the market. No sales were made until after
| the advance and subsequent break. AS soon
| as the market got settled there was good
demand from millers followed later by ele-
! Yator com paDies, who were buying No. l
| northern at about the September price. No.
| l northern new sold mainly at g9c0Sl, No.
| northern at 9Sl2c, No hard at 81 or, and No.
| at 9jc. Very few cars of old wheat were
| sold.
! Receipts of wheat 4S hours we're 126 cars;
| shipments. 90 cars. Duluth received 81 cars.
! The gain inspection for Saturday was as
| follows: No. 1 hard, new. l car: No. l
| northern 80 cars. 81 new; No. northern, q,
u new; No. 3, cars; rejected. 5 cars, new;
no grade, cars, new; No. 2 winter, none;
! No 3. none; n. G., none. Corn-No. = yell
| low, 1 car; No. white. none; No. yellow,
| none; No 4, none; n. G., none; No. 3, cars;
No 2 none. Oats-No. g car; No white,
| l car; No. white, 5 cars; No. 3, cars; n.
| G., cars. Fiax-No l, none; n. g., car
Barley-No. 3, none; No. 4, none. Rye-No.
2, l car; No. 3, none.
| FLOUR AND COARSE GRAINS.
| Flour-The added daily output OF the mills
| grinding Yesterday probably aggregates $4,000
| bbls; shipments, 46 256 bbls: quoted at S5.05
! as 40 for first patents; S499Q5.15 for second
PATENTS: 81 .3Ga4. S. for fancy and export
| bakers: s.. t502 so for low grades, in bags,
| including req dog. The flour market was
stronger in sympathy with the large advances
| in wheat 1t is true that many flour buyers
more than their usual supply. appearing very
| Indifferent in the face of the rise in wheat
| and rye They declare that the inception OF
the swift rise was founded in an lily consld-
cred cause and that when the excitement is
| subsidized the markets will be more healthtul
and activity built upon it better sustained.
The claim is that patents can be bought
for very much less abroad than they can be
supplied from here, paying the present cost
of wheat and freight charges The demand
for the under grades is heavy. The English
wheat, it is thought, will not make strong
-four this season. and on that account the de-
mand promises TO be strong for our bakers.
Bran and Shorts-Shtpments. $50 tons.
Quoted at S12Ql2.40 for bran, S15.5C0l7 for
shorts and S1701S for middlings.
Corn-Receipts, 1880 bu; shipments, none
Quoted at 6l062l2c on track. There Is gen.
eral activity in corn and the range of values
of futures continues wide. The late hot
wave over the middle corn belt. with later
want of rain in some sections, gives more or
less feverish anxiety for the result. Drouth
exists in portions of Indiana. The govern
ment report for August seems TO indicate a
crop of nearly 1900, 100000 blu.
Receipts, 2l.250 bu; shipments, 1850
bu; quoted at 2S@31c by sample. Oats exists
in fair activity, but the market is less ex-
cited than some of the other grains. 1t is
less active than in the past season. The oats
markets have been lost by Spectators in the
late tangle of other grains. The crop see ms
to indicate about 100 000, go bushels of total
Weld or a crop tWo-fifths lower than last
year for the whole country.
Rye-Receips. 1900 bu; shipments, 1, 69C
bu; quoted at S19l02 for sample cars OF new
on track This is an important period in rye
markets. The complications involved in the
rye shortage in Germany, ana the action OF
Russia in the prohibition of ship
ments of 1t, with the short sales
in this country have together raised the
price of rye i'll the markets out of all pro
portion to its supposed relative value, com
pared with wheat. The quotations go ur
and down on the bulletins with rare elastic
ity. giving it considerable speculative in
|