The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-12-26
THE MhRKtTS.


The Wheat Market Values Steady
Trading Very L1ght-Cataes Steady
10 Wenk-Clearances for the Week
Large.
MINNEAPOLIS CHAMBER OF CON-
MERGE. Dec. 22.-Dullness was the pre-
this morning. after q little Hurry of activity
at the openings There Isl no feature to
note, save the Nullness feferred to. The
holiday season has set in md no one cares
To enter into contracts of 2any moment on
either side OF the market The trading to-
day was simply the evening up of small
trades and few scalping transactions. The
news Of the day was barren, with the ex-
ception that revamped story from the
Argentine was on the boards, showing
falling off in the estimates of the crop
now being harvested in thatacountry Brad
streets report, whichl apReArs in another
column. shows a far larger &fnount exported
during the week than anybody expected.
1t is explained, however, that 100000 of
these bushels went out from the Pacific
coast. and that on the Atlantic side the ac-
tual exports of wheat were but 100000 blu,
the balance being in the form of -four. This
will not help to diminish our visible supply,
for the reason that primary receipts have
been liberal for the season of the year. 1t
rs calculated that the visible will show at
least 100000 bu of an increase for the week
and some say 100000. Locally the in
crease will be 10000 blu and at Duluth
100000 for the week. Clearafces from the
seaboard were very light of both wheat and
flour. We have heard considerable about
the California crops of late and their stocks
in hand The following comes from the
spot and of interest:
The San Francisco COMMERCIAL News of
Dec. g says; THE total tonnage bound
here is the smallest for years, while for
every two ships engaged to take cargo
from this port. from three to five are en-
gagged to load at the North. most of which
leave here in ballast for loading port. This
is entirely due to the (cHque) specula tons
in futures which once before brought the
state to the verge of bankruptcy, and
which may accomplish that result again.
All that can be reported now is that stocks
of wheat are abnormally heavy for the sea-
son, tonnage below average requirements,
freights barely steady, owing to the un-
certainty of the future, and are chiefly
maintained by the steady export business
from Oregon and Washington"
December wheat opened at 5Sc, being &c
better than yesterday. firmed up to $40
by II a. m, and closed at 5SAc
May wheat opened at 59iac, against 59hc
yesterday, 1irnled up to $3.50, sold a $3.50
59i2c and closed at 591hc.
July wheat opened at 601ac. being 1sc bet
ter than yesterday, advanced to G0a.c.
dropped to GO14c, gained Lice by 1875, and
closed at 60l2M6O9sc.
The cash wheat market ruled very slow
on all grades. Local millers were practi-
ca!ly out of the market. Brooks, Grit
fiths & Co. took the lions share of all
offerings. No. l hard was he'd at 60c,
No. l northern sold at SOC to 59lc and No.
, at 571ac to 5Sc. Sales were made as per
statement below. Receipts here were 210
cars; shipments 81 cars.
The following was the range of prices for
wheat today sat Minneapolis:
May-Opening, 5S1sc; highest. $3.50: lowest,
59'sN o9lac; closing, 594c. July-Opening,
Goi2c; highest 60Ac; lowest. 6O1ac; closing,
GoI2n603sc. December-Openng, 5Sc; highest,
5Si,c; lowest, 5Sc; closing, 5SAc.
on Track-No. hard r59a4c No. l north
ern 5Ssic; No 2 northern, size.
Curb on May wheat. Neutrality-suspicious.. 1915
Puts on May wheat Observation-Disclosures. 59i,
Calls on May wheat. Observation-Disclosures. .59a,