The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-05-23
PRODUCE MARKETS.
Wheat Opened Steady-Ruled Weak
Cables StrOnger-Trading Light-A

Wheat Opened Steady-Ruled Weak
Cables Stronger-Trading Light-A
Weather Market.
MINNEAPOLRIS CHAMER OF COM
MERGE, May 22.-The bulls in wheat had
an inning yesterday. Today they were in
doubt about following up their advantage
The opening market for wheat was barely
steady, and soon weakened through some
unloading by scalping longs and a few out
SIDE orders to sell, and ruled weak through
out the morning session. Markets abroad
were prompt to respond to our furry of
yesterday. This mornings cables were en-
couraglng from London, Liverpool and Ber-
lin, but at the same time gave warning that
the conservative element of the trade were
holding alOof. The news yesterday from
Germany was rather sensational as to crop
damage. Today private cables assert that
the damage was but slight, if any. Other
than that light frost would probably re-
tard growth, but not necessarily affect the
general outlook for good yield. At home
opinions differ as to whether damage has
been done or not. Some reports assert that
the Slight frost was really a benefit to a
great deal OF the wheat which was of rank
growth Prime the crop expert, says that
ne gets no report of damage from any
quarter. Clearances from the seaboard were
fairly liberal. but not up to expectations
shipments from India were light, but from
the Baltic and sundry ports were fully as
wv bu. AS far can be learned, there is
no change in actual conditions to warrant
any Improvement in values in the immedi-
ate future. To size the market up from a
speculative standpoint, wheat is a sale on
a bulge and a purchase on a good decline
Inc undertone is weak and nervous, and
values more like the shuttle-cock under
skllful manipulation. Anyone who has
played the game of battledore will under
stand the reference
July wheat opened at 5sAc being the
same as at yesterdays close advanced to
5S7sG59c early, dropped to $3.50, gained Nc
sold down to 5S@5Sasc by AS a. m and by
noon sold at 577sc
September wheat opened at 564c being
the same as yesterday, gained &c, dropped
TO o6asc by Has, and by noon sold at $685.
Inc cash wheat market ruled very slow
buyers being scarce and Indifferent. No.
hard was held at &c. No. l northern at
6OAM61c, and No. at 5912c. Sales were
made as per statement below.
Receipts here were Ill cars, and ship
ments 81 cars.
During the noon hour the market was
both weak and inactive. Closing cables
quoted Berlin lower by 114@2A marks, which
places this market back to where it was
TWO or three days ago. The German frost
apparently has no greater staying qualities
than the American article delivered in May.
May wheat closed at STAG; July wheat at
STAG, and September at 55Ac.
Minneapolis range of price:
May, closed today at 57Ac yesterday at
5SAc. July, opening, 5S34c; highest, 5SA@59c;
lowest, 575sc; closing, today, 57s4c; yester-
day, 5Sa4c September, opening, 56s4c, high
est $3.50; lowest, 555sc; closing, today, 55Ac
yesterday, 56s4c.
On track, No. hard, 61c; No. northern,
59l2c; No. northern, 5Sc.
Curb on July wheat ........................5 7A
1ulS on July wheat ........................5 7&
Calls on July wheat bid ................5 So
FLOUR AND COARSE GRAINS.
Flour-Receipts, 1900; shipments 1898
bbls; quoted at 50 AS for first patents, So 40
for second patents, 81. 05M2. % for fancy and
export bakers, 81 goal % for low grades in
bags, including red dog
Bran and Shorts-The market for bran is
strong, holders ask $3.50 to $40 in bulk ;
shorts, $9.75 to SO % per ton.
Corn-Receipts, 4,34O bu; shipments, none
Oats-Recepts, 1920 bu; shipments, II, 43O
bu
Barley-Receipts none: shipments, 500 bu.
Feed-Millers held at $14 50M15; less than
car lots, $1O@16; with corn meal $l4; granu-
lated meal. $18.5 per ton.
Hay-Receipts, ITO tons; shipments, none
II. H. King & Co. report the market as
steady for choice upland with sales rang
ing from 81 to $3.50 per ton. Low grades
of coarse, off color and heated stock are
almost unstable.