The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-06-20
THE MARKETS..
The Wheat Marlxe Weak-Cables
Strong and Higher - Foreigners
Selling Freely in New York.

The Wheat Marlxe Wenk-Cables
Strong and Higher Foreigners
Selling Freely in New York.
MINNEAPOLIS CHAMBER OF CON-
MERGE June 19-Yesterday you could
not buy wheat without the process of bid
ding values up. Today you can sell by
offering at a sacrifice and mighty rev
friends to relieve you of your burden. me
news of the morning was calculated TO IN
spire the bulls. Gables were, for these Fdays
phenomenally higher than those of yester-
day. Liverpoors first cable quoted wheat
at I'd higher per GENITAL and second cables
stated that American wheats were held at
112d higher than at yesterdays close. Lon
don quoted cargoes at 3Q6d higher on all
grades. Paris was reported to be steady,
and Berlin still suffering from excitement.
Home news was equally bullish in tone re-
garding the crops Later 1t was learned
that foreigners were free sellers IN New
York and Chicago, the extraordinary rise
Of yesterday being an incentive to scalp
ers to get in their profits. This market fol-
lowed in weakness in the same proportion
that it climbed the ladder yesterday. TO
day, like yesterday, the average trader was
irresponsible for his actions The other
fellow kept climbing yesterday and all 1oi-
lowed, today he is getting down ana an
follow; 1t is merely spirit of rivalry which
shall get there first, top or bottom. Reports
from Kentucky say that the harvest Is IN
progress and that the crop Will snow
shortage from previous estimates. announcer
advice says that the trade will be sur
prised at the largness of the Yield In the
Northwest crop reports are very contra
dctory and generally tinged with the
wish" of the interested party. -Those nav
ing a penchant in speculative railway
shares see good crops, the bear in wheat
sees the same kind of crop, but the BULL
with his field glasses on, sees parched hills
and valleys with every thing bearing an
autumnal tint. The small Spectator drinks
in the news from either sort and adventure
His tiny force causes a ripple, up or down,
is satisfied with the result, pockets MS
loss retires and watches for another chance
July wheat opened nominally at 62c, beng
the same at yesterdays close, dropped
to 613sc, gained 1sc, declined to 6llsQ6lAc,
firmed up to 61$s@611ac, sold at 6llsc, ad-
vanced at 619sQ6112c, dropped to Gle, gained
1sc by II: 80 a. nj. and by noon held at 611sQ
61Ac.
September opened at 591kc, being &c under
yesterday, lost &c, gained sc, declined to
$3.50, advanced, to $3.50, lost 4c by 11:45
a. m. and by noon sold at 5s7s@59c
The cash wheat market ruled quite
strong with a good demand from local
millers There was also very fair demand
from outside points which helped to keep
a firm tone. Elevator companies were out
of the market, there being nothing in
wheat at present prices. No. l hard sold
at 64d641zc, No. 1 northern at 63Q65Ac and
No. at 62QG21ac. Sales were made as per
statement below:
Receipts here were 115 cars, shipments &c
cars.
During the noon hour the market was very
dull and inactive. Closing cables were
strong but instilled no life into our specu-
lative market. July wheat closed at 61lsc,
and December wheat at 5S1sG59.
MINNEAPOLIS-RAN OF RRICE.
June-Closing today, 61sc; losing yes
terday, &c.
July-Opening &c; highest, &c; lowest,
Gle; closing today, 611sc; closing yesterday,
&c.
September-Opening, 5914c; highest 591kc;
lowest, 5S5sc; closing today, 5S7sQ59c; clos
ing yesterday, $3.50.
On Track--No. l hard, 6315c; No. north
ern, 6212c; No. northern, 6lAc.
Curb on September wheat............. IS
Puts on September wheat.."........ 5S15
Calls on September What.............. .593s