The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-09-19
The MARKETS..
PRODUCE MARKETS.
me Wheat Market Weak and Inact-
Ve-LOcal Receipts Large-Cables
DikCOurnrin~

me Wheat Market Weak and Inact-
ive-LOcal Receipts Large-Cables
DiscOuraging.
MINNEAPOLIS CHAMBER OF COM
MERGE, Sept. 1S.-The speculative wheat
market opened weak and lower this morn
ing on discouraging advces from abroad,
large local receipts and lower eastern mar
kets. Corn is still the leader of all grain
markets This morning that cereal was
weak in Chicago and New York At Liver
pool II was quoted at I'D lower with no
demand AS a consequence wheat opened
weak in sympathy. The course of the local
market was without special feature save ex-
IRENE dullness. Values huctuated within
the limits of BIG of a cent from the open
ing up to noon. Commercial news was
very meagef with nothing to stinlu. ate trade
either one way the other. Receipts of
Ola corn at Chicago continues to be a sur
prise to the trade, especially to those who
nave been led to believe that the holdings
OF old corn were of meager proportions if
not practically used up. They overlook the
rule or contraries which requires declining
markets and fear of further loss to force
sellng movement and advancing markets
10 induce speculative holdings and with
nolding shipments. Bulls on wheat are in
oustrlously circulating stories of an i'm
inehSe quantity of wheat been used up in
the way of feed. These statements are so
OUT or line with even the possible that they
Ian 10 nave any effect. Shipments of
wheat consuming countries were upwards
OF 6,OOo,00O bushels for the week. being very
nearly the weekly wants of all importing
countries. Knowing that these countries
nave larger crop than usual and that the
uenand Is light, the home trade generally
ieel rather blue as to prospects for the i'm
ihedlate future. Clearances from the sea-
BOARD were on liberal scale lof both wheat
and flour.
New York advised of good foreign de-
Inf nth
varieties are neglected. December wheat
opened at 55Ac, against 55asM551ac, yester-
Jay, sold down to 55lsc, and firmed up to
oo4sc by 80 a. M
May wheat opened at 59hc against 59110l
a9asc yesterday, dropped to SOC and tirmed
up to 59Ac by noon.
Inc cash wheat market was active with
good demand from local millers and ele-
vator companies. The outside demand was
a little better than yesterday. No l hard
sold at 56&4c to SIC, No. l northern at SIC
to 56l2c for choice, No. 2 sold a sac to 5i12c
Sales were made as per statement below
RECEIPTS here were 535 cars, shipments 80
cars.
During the noon hour the wheat market
was practically at a stand still, the pit
being deserted the greater part of the
time. Closing cables all weak and
lower. About quarter of an hour before
the close values stiffened little through
shorts covering. New York advised of 10
loads of white wheat being taken for ex-
port. September wheat closed nominally
at SOC December at 555sc and May wheat
at 5912c.
Minneapolis range of price
May-opening sos highest. SOS; lowest 50:
closing today. 591a yesterday $685..
September-Cosing today 55; yesterday. 80.
Decenibct-Openins 55l4 highest, 553s: lowest,
55is; closing, today, sos yesterday 55ib
on track hard, 81; northern, SO; north
ern, 541a.
Curb en- December wheat ......... 555s
Puts on December wheat .............. 551a
Calls December wheat ............ 553,