The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-11-21


Are Still Heayy-CIearings From
the SeabOard Light.
MINNEAPOLIS CHAMBER OF COM
MERGE, Nov. o0-Surprises are the order
of the day in all grain markets, ana eSpa-
cialiy in the wheat trade. Unexpected
changes following closely on weakness and
strength. This morning weakness was the
fea lure as against strength yesterday morn
ing. 1t is true that the trade had fair warn
ing yesterday by the weakness shown to-
wards til close Of the session. There were,
however. but few that thought the weak
ness would be accumulated today The
opening weak and under very light
pressure. values sank sc per bushel by 1918
m, frmed up lsc by IL a. m, and re-
manned steady with very little trading done
from that time up to noon. The news OF
the day was generally somewhat discourage
ing. Early cable advised of weakness and
inactivity in Liverpool, owing perhaps to
the heavy shipment from the Baltic. 1t
was said about three weeks ago that Rus
sian shipments were practically ended.
we: k ago today they reported over 4.0OO0OO
bushels for the week then closed. Our
speculative figurers agreed that that was
the last shot in the locker for th9 season,
and that Jack Frost would put an end to
such untoward movement. Today the re-
port shows 1920 600 bushels for the week
just closed. with a strong probability that
the pres mt week will exceed that of last.
At home the position is somewhat similar.
A falling Oft in receipts was freely predict
ed, yet for days past they have been larger
than ever and the outlook at the seaboard
lighter than for months. We have also
been told that stocks of flour in the East
was down to low point Our dispatches
today assert that there are a million bar
rels Of a surplus in the East ana that all
told there is over 3C00000 of barrels with
comparatively no new d n&nd. Clearances
were very light of both wheat and flour.
which indicates another large increas4 in
the visible at the end of the week Our
market is still out of line with Liverpool,
the only point at which We can get rid of
our growing surplus. Closing cables were
more discouragin than the opening. Liv
erpool is reported I'D lower and inactive.
Berlin q to mark lower. Paris centimas
up to centimes lower, and Antwerp dull
and unchanged
December wheat opened at 5Siac against
5Saic yesterday, declined to 5Sisc, sold at
5Si4c by 1850 and at noon held at 5Sl4c
asked
May wheat opened at G07sc, against 607sc,
yesterday, lost &c, gained Sc dropped to
C0lsc, and firmed up to Go$sc asked by
noon.
The cash wheat market ruled very dull
today. AT the opening there was some
inquiry but the action of the futures mar
llet here and in the east caused the mil
lers to hold aloof. All offerings of No. l
but No. was hard to move and at this
writng-12:30p. NIT looks as though con-
siderable quantity will be carried
sold at a concession from prices quoted.
No. hard sold at 6oi2c, No. l northern
at 59iac, and No. at 5l12c 10 CSC.
Sales We're made per statement be
low. Receipts here We're 257 cars, ship
ments 70 cars.
During the noon hour wheat received
some strength and activity scoring an ad-
vanca of lac OH the lowest price of the day.
Bradstreet report an increase of 2000, 900
bushels in the available supply for the
week.
Scalping shorts covering was the chief
feature. December wheat closed at jS3sc,
and May wheat at 60asM60l2c.
MINNEApOLIS-RANG OF PRICE.
May-Opening. 607sc highest. 605sc; lowest,
6o,sc; closing today, 603sQ6Ol2c; closing yes
terday, 6o7sc.
MISUNDERSTANDING today, 5salc; closing
yesterday 591.c.
misunderstanding 5S12c; highest 5Ssc;
lowest, 5Sisc; closing today, 5Sssc; closing
yesterday. j8%4c.
On Tracl1-No. hard, e04c; No. 1 north
ern, &c: No ? northern, 572ac
{'IIrb on w Goa