The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-05-30
PRODUCE MARKETS.
Wheat Weak and Lovver-Cab1es Dis
eO1raging Frost Hardly Up to the
Killing Qualities.

Wheat Weak and Lower-Cab1es Dts
eO1raging Frost Hardly Up to the
Killing Qualities.
MINNEAPOLIS CHAMBER OF COM
MERGE, May 29-The speculative wheat
market opened weak and lower this morn
ing and continued weak and inactive
throughout the session The news Of the
morning was discouraging for the bulls.
Early cables advised Of weak and lower
markets in Liverpool and London with hold
ers anxious to sell and buyers Indifferent.
These cables also advised that imports in
to the United Kingdom showed a falling
on from the week previous but In the light
or heavy stocks pressing for sale the slight
cessation of arrivals cut but little figure in
the market. The reports in our own coun-
try regarding the damage done by the late
frost fell short Of expectations, inasmuch
as they lacked the killing quality. All kinds
or garden truck suffered more or less but the
wheat plant was not phased by the chilly
kiss Of Jack. The Brown" fields of yes
terday In Kansas have been nurtured back
to the living green by timely showers of
rain. Nebraska Is still in the sere and yell
low leaf but hope is not destroyed Some
dispatches averring that there will be lit
tie wheat for sale after harvest Oklahoma
cheered the hearts Of the shorts by saying
that harvest will commence this week and
that In some localities farmers complained
Of rust. Other advices said that the rust
is of the red variety and only lives upon
the blades, not caring for the stalk. AS a
consequence wheat lifts up its head and
promises a good yield Of the golden. The
Northwest generally reports favorable con-
dltions for the growing crops. Clearances
from the seaboard were liberal Of both
wheat and flour but no new export trade.
July wheat opened at 59%c, being Nc
under yesterday, declined to 571ac, gained
Bc, dropped to 57asc, firmed up to 5714Q571sc
lost 1-16c by 11:15 and remained steady up
to noon.
September wheat opened at 55Ac, against
55asc yesterday, declined to 54B@55c, frmed
up to 55c to 551sc bid by II a. m. and by
noon held at 55 1-16c asked.
The cash wheat market was fairly active
with the demand good at slight conces-
sion from yesterdays prices. No. hard
was held at 601A@61c. No. 1 northern sold
at 591ac to 6934c, with Coo paid for choice
No. sold at 5Sc to SOC. Sales were made
as per statement below.
Receipts here were 124 cars; shipments q
cars.
The wheat market during the noon hour
was stagnant. The boys had evidently
evened up their trades to be free over
the holiday tomorrow. Some of them may
be able to put garlands on the graves of
the departed, but the majority will have to
pose as the willow by the stream. Closing
cables were weak and inactive. July wheat
closed at 571ac and September wheat at
55Ac
Minneapolis range of prices:
May-Closing, today, Size; yesterday,
SIC. July-Opening, 57a4c; highest. STAG;
lowest, 573sc; closing, today, 571ac; yester-
day, 577sc. September-Opening. 55Ac; high
est, 55Ac; lowest. 547sc; closing, today
551sc; yesterday, $3.50.
On Track-No. 1 hard Sic; No. 1 north
ern, 591ac; No. northern, SIC.
Curb on July wheat .....................571a
Puts on July wheat ......................57A
TnIl T,,Jxv
Chicago.
Special Telegram to the Tribune.
CHICAGO, May 29.-Wheat opened weak
and lower this morning on lower cables
fine weather holiday tomorrow and gen
eral lack of demand from any speculat tive
interest. The first score of yesterday had
lost it's favor for the Spectator, he wanted
something stronger. The fact that cucum-
bers and other small fruits had sustained
damages hardly up to the mark At
the opening there was a heavy selling pres
sure by local longs with the support COM
ing chiefly on puts c. Smith raided the
market early by selling July. Lain bought
some wheat on the decline, his brokers were
active buyers on each break and Partridge
called him by selling July. The selling side
was the favorite for the day because of
the holiday tomorrow, no one caring to go
long over while it is so near the end of
the month
The speculative feeling in wheat is dead,
all conditions initiate against any i'm
provement. Foreigners were said to be free
sellers in New York and no export trade
reported. July wheat opened at 55%c
against 561sc yesterday, dropped to 55Ac
advanced to 559sc, and f1uctuated within a
14c up to 1 p m, and finally closed at $3.50.
September wheat opened at 57Ac, being 1Ac
off from yesterday, gained Sc dropped to
$3.50, firmed up to 57Ac, and closed at
57Ac.