St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-02-28
MINNEAPOLIS.
Chamber Of Commerce.

| The large demand lately for cash wheat,
| that has taken the price OF spot grain In
| cars, above the figures paid for May wheat
| free Of elevator storage, except lac handling
| charge, has caused renewed confidence in
| the value OF grain for later delivery. The
! opening market was firm and higher, prices
| quickly going to the call price where there was
| the usual trading against the privileges. ST.
| Louis was reported to have an extended line
of May wheat short in Chicago that was COW
cred this morning, and Chicago claimed also
to have foreign buying orders. New
York shiPp @ d,o IN wheat ha and -four Jour
foreign shipments, in view of the
small supply to spare, gave the market much
firmnesS early in the day Everything i'll the
speculative field of produce was strong in
the morning. including wheat. corn, oats and
pork. and even in finance the stock markets
were higher. Most of the day the range of May
was between OBS and 94a4c, with little done
Ill any other future month. Receipts were
well up to the standard, reaching ITO cars, but
the shipments were II cars SO that, the con-
sumption being reckoDed ut $50 cars the re-
ceipts are shown to be about 50 cars below
the days requirement. Trading was active
most of the day. with few occasions OF real
dullneSs.
Wheat closing: No. hard February, 96c;
on track, &c; No. northern, February and
March, 93c; May, 9il2c, on track, 95c; No.
northern, February, 02c: on track, 92l2@93c;
July closed at 9642c.
The market for cash wheat was good,
though less active, perhaps, for all wheat but
the milling grain The early prices were
generally the high ones, for the spot market
sympathiZed with a later weakness in futures.
Elevator men in the country had some lots
sold to arrive. They have been lately bring
Ing wheat i'll and taking up the May hedges,
as the prices favored it, Poor wheat was not
usual amount was bought of spring and win
ter to go East Receipts Of wheat the past
twenty four hours were 10 cars; shipments,
II cars. Duluth received 43 cars.
FLOUR AND COARSE GRAINS.
Four-The added daily output of the mills
grinding yesterday will probably aggregate
~, 500 bbls. Shipments 26,14S bbls Quoted
at S4.55@i.95 for first patents: S4359450 for
second patents; S3.60@4.25 for fancy and ex
port bakers: $1.SC@2.20 for low grades in
bags. including red dog. Flour moved after
the late fashion, and there is a small but
steady accumulation now, as there is
every year at this season. Dealers that had
-four ahead are not buying any more now,
although prices are relatively low. There
are others that have bought the season
through. as they need supplies for current
use. and they are buying now without COM
plant. The dealers complaining in the
flour trade, as in the wheat trade are the
cues that anticipated a short crop and laid in
supplies in October, that should have waited
for until April. Prices are steady.
Bran and Shorts-Shipments. 100 tons.
QUOlGu at IOr Drau, Plf.fDllyl0.%O LOT
shorts. and S1550@16 for middlings. The
movement is good with most dealers figuring
on about $1525 for bran, with extremes
above and below it, while common shorts are
little under.
Corn-Receipts 1O,64O bu; shipments, $40
Blu. Quoted at 50@51c or track. The mar
ket was steady firm, with fair amount
offered. Local dealers bought considerable
recently, and we're not SO urgently in need of
it as before.
Oats Pacaintc II 160 hu. Shinmants o oan
blu. Quoted at 44@46c by sample Business
was fair, with firm market and moderate Of
ferings Of good grain.
Rye--Receipts, LOO bu; shipments none.
| Quoted at 75tb7Sc for sample cars on track.
Barley-Receipts, none; shipments, none;
Quoted at 55G65c for good to fine samples of
| No. B.
Fzx-Receipts 900 bu: shipments, 500 Blu.
| Flax sales are based on Sc off from the
| Chicago quotations.
Feed-Millers held at S2O5O021.5O, with
| cornmeal at $40. 50@2050.
Hay-Receipts. 3s tons shipments, none.