The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-12-05

The Wheat Market Higher at the
OpeninG-LOses the Advance and
Ruled Heavy-Cables Strong and
Higher.
MINNEAPOLIS CHAMBER OF COM
MERGE, Dec 4.-The speculative wheat
market opened higher and strong this
morning, and for the first half hour ruled
very stubborn. Moderate offerings by
scalping longs, however, changed the COM
plexion of the market and by 1870 a. m.
the market was decidedly weak, with the
whole of the early advance wiped out.
First cables advised of good gains in values
In Liverpool, London, Paris and Berlin.
An advance of 6Q9d per or in London indi-
gated that the Liverpool speculative fever
had reached London. Our local receipts
were light, and it was reported that some
SO loads had been taken at the seaboard
yesterday, with inquiry continuing TO-DAY.
Clearances from the Atlantic seaboard also
showed a free movement and that the pros
poets were good for very large movement
in the near future because of vessel room
being more abundant. The reported DAM
Age to the Argentine crop was confirmed
but somebody down there ordered sale OF
$4,000 blu in New York by way of conflrma-
ton on the other side of the question
Second cables were a little different IN
tone showing some weakness abroad A
message to Capt. Verhoeff, which has point
to it. said: Liverpool is the only point
that accepts wheat London, Glasgow and
t4l OtHef points lack strength. l/lVeTpOOi
cannot buy all our wheat" AS a matter
of fact we believe Liverpool spectators got
Scared because of low stocks and rushed
prices up in order to cover shorts. India
shows up with moderate shipments for the
week, but the Baltic shipments show a
heavy Increase, being nearly 100000 blu,
and be it remembered that a week ago it
was confidently asserted that Russia would
cease shipping because of a short crop.
December wheat opened at 59Ac, against
59c yesterdays close, advanced to 591hc, and
declined to SOC by noon.
May wheat opened at 61asc. against 607s@
Gle yesterday, lost 1sc, firmed up to 61asc,
declined to 607sc and by noon held at Gle
July wheat opened steady at 62Ac, being
Ac better than yesterday, gained 1sc, de-
Clined to 6l7sc and by noon sold at &c.
The cash wheat market was fairly active,
with the demand good for No. northern.
Low grades were very slow to move with
but little demand and by noon there was a
large proportion remaining unsold. No. /
hard sold at 61G61Ac, No 1 northern at
60G60hc and No. 2 at 5Sq59c, according to
sample. Sales were made per statement
below. Receipts here were 277 cars, ship
mentS - cars.
From II o'clock up to the close the spec
ulative market ruled weak owing to real
izng by longs. Closing cables and general
gossip was altogether too bulish to suit
the taste. The news was too good to be
true, and the majority felt that there was
an African somewhere. December wheat
closed at 5Slsc, May wheat at 6o1ac and
July at 6i12c.
The following was the range of prices:
May, opening, 613sc; highest, 61$s; lowest
6ol2c; closing today, 60l2c; closing yester
day. 607sM6lc. July, opening 62Ac; highest
62ssc lowest 6l14c; closing today. 6l1ac;
closing yesterday, &c. December, opening,
5sl4c; highest 591zo; lowest, 5S1Ac; closing
today, 5slac; closing yesterday SOC. On
track, No. l hard, 6O1ac; No. 1 northern,
591ac; No. northern. 57l2c.
Curb on May wheat nominal ........ eot $50 ;so;a
Calls on May wheat, sellers .......... .60.s @6o4
Flour and Coarse Grains.
FLOUR-Local millers all agree that the
market is duh and heavy, and the decline
in wheat today has added weakness. No
change in quotations are made.
FIRST patents. ~ 1905. 6Q
second patents NEUTRALITY-SUSPICIOUS.. 29OQ3 Il
Farcy and export bakers.......... 2. 1902. 80
~ "os .....'.'.........:. A''vVL' =
The following quotations are In cotton
sacks Of SO lbs and 40 lbs:
Rye -four per Dbl. pure. 20
Buckwheat -four. per bbl................. $50
Nraaam nour ........................... A1o
In room 1Oc extra is charged.
BRAN AND sHORTs-Ths market Is
quiet but steady.
Bran in bulk .....................$1 1 .00611 Is
Bran in sacks ...................... L.. 50912 Is
Shorts, common. in bulk. ....... u. 25112. so
Shorts. fine, in bulk .............. ID 50Q14 90
CORN-Quoted at ACC for ear corn
and shelled at SOC. Demand good. No. 2
yellow sold at Sic. See sales
OATS-Were In full supply; demand good;
No. white, new, 9O1ac; No 8 oats, quot
able at zoe. No. white oats sold at 3OAc
RYE-New rye quotable at A11045c for
No. T. o. b.
BARLEY-Choice No. 8 quotable at 400
60c, according to color, weight, etc. No. 4
sold today at Acc f. o. b.
FLAX-Is governed and bought at &c
under Chicago price. See seed market
HA1-rhe demand continues good for
choice upland and fine grades of wild The
market s steady for such at 81 SOFAS so per
ton. II. II. King & Co. report that there
is too much coarse and off grade stuff ar
irving and it is hard to sell it to advan-
tage. Sales were made today of coarse
Minnesota and Dakota at s6Q7 per ton.
SOME SAMPLE SALES