The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-07-11
THE MARKETS..
PRODUCE MARKETS.
The Wheat Market Weak and Fea-
tureless-The Speculative Pit De-
serted-Cnsh Wheat Slow.

tureless-The Speculative Pit De-
serted-Cash Wheat Slow.
MINNEAPOLIS CHAMBER OF CON-
MERGE, July 10.-The speculative wheat
market opened weak and lower this morn
ing with trading light during the first hour
and afterward the pit was deserted with
scarcely a trade made up to noon. The
most of the time of operators were taken
up with discussions regarding the strike
and the possibilities of tomorrow. The
commercial news of the day was very
meager and what there was of it-bearish
in tone. Cables advised of declines. in Ber-
lin, Paris and Liverpool with the latter dull
and inactive. London advised that holders
were firm and Offering moderately at yes
terday's prices and but few takers, buyers
holding off for concessions. Paris cables
stated that the weather is somewhat I'M
settled in France but no damage done to
the growing crop. Charles A. Dana, of the
New York Sun, who is now in Europe,
cabled that the crops in North Germany,
Scandinavia and Russia were never SO
abundant or richer in quality than now and
the outlook abroad is for most bountiful
harvests At home all conditions continue
favorable, the winter wheat country being
especially blessed with favorable weather
for the harvest.
Strike conditions are still unfavorable to
any active n.ent in either cash or
speculative wheat. Clearances from the
seaboard were fairly liberal and some
private dispatches averred that there was
considerable inquiry at present prices and
moreover that an advance would likely
check further inquiry.
July wheat opened at 591sc, being 1sc I'M
der yesterdays close, and up to 11:45 there
was no change.
September wheat opened at 565sc against
5634d567sc yesterday, lost Lice firmed up to
5634c, sold at 561ac by II AS and by noon held
at $3.50.
December wheat Opened at 5S3Sc against
5S9sc yesterday, gained 1-16c, sold at $50
5S3sc by IL a. m. and at noon sold at 5S3sc.
The cash wheat market was almost stag
nant. There were but two buyers on the
floor Jim Irvington and Jamme Morse.
Offerings were, however light and all well
taken quite early. Commission men gen.
orally are enjoying enforced holiday be-
cause of the strike. No. l hard sold at &c;
No 1 northern, mostly at 6012c, and No. 2
at 59qo91ac with Coo paid for choice. Sales
were made as per statement below.
Receipts here were So cars; shipments,
l car
Minneapolis range of price-July-Open-
ing, 591sc; highest, 591sc; lowest &c., clos
ing, today, 59c; yesterday, 59Ac. September
Opening, 565sc; highest 56Ac; lowest $3.50
56l9c; closing, today, 561ac; yesterday, $500
567sc. December-Opening, $3.50; highest,
5S$rH5S1ac; lowest oS1s@5SAc; closing, today,
N'>,; yesterday, $780,
IN track-1 hard, 61Hc; l northern 60Ac;
fnorthern, 5S%c.
During the noon hour the market was ex
tremey quiet with hardly a trade made.
Bradstreet's shows a decrease of $4,000
hVshels east Of the Rockies and an increase
~ 109, 900 bushels west Of the Rockies. July
Wheat closed nominally at 59c, September
at 56lac, and Hecember at $3.50.
Curb on Sep4N fer wheat bid........ .561a
Puts on Sep1>Mber wheat. ........... Sc
Calls on September wheat, bid........ 81