The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-11-14
The MARKETS..
PRODUCE MARKETS.
The Wheat Market Opened Weak
Liquidation by Longs the Cause-

The Wheat Market Opened Weak
Liquidation by Longs the Cause
Baltic Shipments II Surprise.
MINNEAPOLIS CHAMBER OF COM
MERGE, Nov. 13.-The course of the wheat
market this morning was a genuine sur
prise and to none more SO than the lead
ing operators on the bull side. The open
ing was weak and lower, under free sell
ing realizing and liquidation. This was
the feature of the early part of the ses-
sion, and up to noon there was no appre-
ciable recovery. This feature at the start
was completely the reverse of the senti-
ment which has prevailed for some days
past, and cast a gloom over the bull
camp. Yesterday it was reported that
Russia would not be able to supply the
immediate wants of Britain. THE TR1B-
CNE, however threw a little cold water
on the rumor, as to its accuracy. Today
our dispatches, showing the shipments
from the Baltic to be in excess of any
previous week for some time past proves
that THE TRIBUNE was right in it's
guess. This is the season of the year
that Russian dealers push forward every
available bushel pending the close of navi-
cation. An increase in shipments is there
fore to be expected for at least another
week or SO, rather than any diminutiOn of
movement.
Early cables We're non-committal general
ly advising of a quiet trade at prices un-
changed Second cables, however, reported
an advance of I'D per Genital in Liverpool
and Cd per quarter in London. Private ca
bleS advised that Liverpool was led lower
instead of higher New York advised that
British houses bought near futures and
some cash stuff, also that continental
houses sold freely. Watson & Co.'S advices
were that Paris markets did not respond
to the Liverpool advance because of heavy
arrivals or prospective arrivals from Rus
sia The total shipments from the Baltic
and sundry ports for the week aggregated
5,l2O 900 bushels. This, added to the Ameri-
can shipment for the week, would point to
an increase in the worlds visible reported
tomorrow Clearances from the seaboard
were light for wheat, but quite liberal of
flour. Receipts at primary points were
$4,000 bushels. At noon the market was
steady at the opening figure.
December wheat opened at 5715c. against
81 l2@l515sc yesterday, declined to 57A@57asc,
firmed up to 575sc and by noon held at
571ac.
May wheat opened at $3.50, being Ac I'M
der yesterday, lost Lice firmed up to 5954c
and by noon sold at 5912M595sc ...,5..
The cash wheat market was active
through shortage in receipts for mm adi-
ate sale, goodly portion of them going to
apply on former sales. Outside millers
bought considerable stuff, but local millers
were the largest cOnSum2 rs. NO. hard sold
at 60c No l northern at 5S& d59c and No.
at 57M57$4c. Sales were made as per state
ment below. Receipts here were S2S cars,
shipments 90 cars.
During the latter part of the session
wheat became quite strong and ruled fairly
active. Gables were a little mixed but the
report that clearings from the seaboard to-
day will be heavy caused the shorts to seek
cover The close strong. December
wheat closed at 57$4c and May wheat at
59AM597sc.
Observation-Disclosures OF PRICES.
The following the range o. price for wheat
today at Minneapolis:
May-Opening 595sc highest 597s0D6oc; lowest
59l2@5s'sc: closing today 59a Gp597sc closing Yes
tertay, 59;sc.
misunderstanding today, 5S,ic; closing yester-
day 5Sllc.
Deceinber-Opening size; highest 577sc; low
est 51A@57asc: closing today, 57asc; closing yes
| terday. 81 2@t57ssc.
On Track-No hard, zoe; No. northern. SOC;
No northern, 57l2c.
Curb May wheat Observation-Disclosures. 59?s660
Puts May wheat, sellers .......... .595s
| Calls on May wheat, bid ............... 80
Flour and Course Grain.
FLOUR-The market for flour is higher
and the demand better. Some of the larger
concerns say that they are now selling
more flour than they making. The
mills are running freely.
FlfSt patents OBSERVATION-DISCLOSURES. ID 2OQ3 bO
second patents ....:.....'...'..'...' 3'VOa3 10
Fancy and export bakers. ......... 2.150l2 80
Red dog OBSERVATION-DISCLOSURES. 17011 IS
The following quotations are in cotton
sacks of SO lbs and 40 lbs
Rye flour, per bbl pure. 81 40
Buckwheat flour, per bbl $50
Graham flour ....................... 20
| In room 10c extra is charged.
BRAN AND SHORTS-The market is
| quiet but steady.
Bran in bulk Observation-Disclosures $40. 0Ol110. 25
Bran in sacks NEUTRALITY-SUSPICIOUS.. II 25df11.5 so
| Shorts, common, in bulk. ........ II ESQ IL so
Shorts fine, in bulk. IL. O0112 %
! CORN-Quoted at 51@52c for new and
| 52M55c for old.
OATS-Were in full supply: demand good
| No. white, new, 2915G30c; No. oats, quot
| able at soc. See sales.
| RYE-New rye quotable at 4lk145c for
| No. 2 f. O. b.
| BARLEY-Choice No. quotable at 400
! 49c. Choice samples wiuld bring more Two
| rowed barley is held at soc. No. at 45@
| 4Sc. One sale of No. at 4412c.
FLAX-Is governed and bought at &c
under Chicago price. See seed market.
| HAY-Receipts of hay are moderate and
the demand continues fair Choice upland
sells readily at $S.50M9. H. H. King & Co.
quote the above and report sales of good
Minnesota wild hay at $7dS per ton.