St. Paul daily globe., 1892-06-16
MINNEAPOLIS.
Chamber of Commerce.

Wheat again opened lower, weak and very
nervous, with local longs generally inclined
to sell out at I2c below Tuesdays close; and
had it not been for q few fair buying orders
from the country and some covering by
local shorts. nobody knows where the mar
ket would have gone to from the early tenn
per displayed. NeaIlv every scrap of news
received was far from encouraging to the
holders of wheat. Cables were all lower and
weak. Brilliant weather was reported from
the Central states and great improvement in
crops. Harvest was reported to have COM
menced in Kansas and big yield assured.
The Iowa crop bulletin gave evidence of an
improvement il the general outlook, and.
moreover, Partridge and Linn were again on
the warpath after the bulls in Chicago. The
first break i'll prices, however. was the worst
tina. happened, and from that time though
trading was rather light. the course of the
market was Oh the whole strong and scored a
tidy advance by II o'clock. The character of
the trading after the first half hour was
largely of the scalping order. A few minutes
after II O'Clock Bradstreet's report of the
available supply came to hand. showing a
clearance of 2.556, 900 bu of wheat. This was
cheering to the bulls and was the cause of d
sharp bulge, but the activity did not last long.
The rumor that the senate was about to take
up the Hatch bill, and good many being
of the opinion that it would pass. was dis
turbing factor and is still the cause of good
deal of nervousness among the lest friends
of wheat. Whe closed as follows: No.
udTU OIL lTdCk. i9L2C. NJ. NOTlUSTll, June,
7t5sc; July, 765sc; September, 76c; on track
1Sc: No. northern, on track, 7@075c.
Flour-Receipts, none; shipments, 24.3S0
bbls; quoted at SIlG04.40 for first pat
ents: S3.s0@4. 10 for second patents; S3.l:@
$40 for fancy and export bakers; Sl.2G0l2. 10
for low grades i'll bags including red dog
There is no change since Tuesday; demand
is still slow, and the market very quiet. 1t
is thought, however, that the market has seen
the worst.
Bran and ShortsQ-uoted at So 5O@s. IS for
bran. SS.5C@9.25 foshr orts, and S1C@1l0.50 for
middllngs. Millstus fire a little weak, but
move freely at these prices.
Corn-Receipts, 32,9i0 bu; shipments. 64S0
bu; quoted at 3S0ilc for good dry No 3,
4C@42c for No. yellow 37@95Sc for dry No
4. Corn is little weaker in sympathy with
the market Ill futures
Oats-Receipts, 26,750 bu: shipments, 2664O
No 3 white, and 29l30c for Nos. : and 3,
Oats are i'll good demand for home consump-
ton.
Rye-Receipts, none; shipments. none,
and was quoted nominally at 7297Ic for No.
=. f. o. b.
Barley--Receipts, 2,O1O bu; shipments, none.
Barley is very slow. 35@4jc; demand al
most entirely ceased.
Flax-Flax sales are based less freights
on the Chicago market. Chicago flax closed
at SL02L2.
Feed-Millers held at 170Sfs.5O per ton;
less than car lots, Sl7G119.50, with cornmeal
at Si7 .5C1ls.
Hay.aReceipts, 246 tons: shipments. 10
tons There was good demand tor choice
upland. We quote: Choice upland, SN@l2;
Minnesota wild. Sl0@12; coarse and off color,
Ss.5C@9.50: timothy, S12@i3.50. Receipts
are again light and market firming up. The
demand is good and strictly or fancy; Sl4
per ton was paid for upland hay
some Sample Sales-No. l hard, car,
SOl2c; No. hard, cars, SIC; No. northern,
10 cars, 7lc: No. northern, 4 cars, poor, 77Ikc;
No. northern, 81 cars, 7Sl2c; No. northern,
Is cars, isaac; No. | northern, = cars. f. 0. b.,
79kc; No. northern, 2o cars, to arrive. 7sc;