The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-09-12
THE MARKETS.
PRODUCE MARKETS.
Wheat Il Little NervOus-Thc Govern
ment Report on Corn Not Fully
NEUTRALITY-SUSPICIOUS. Weak.

Observation-Disclosures Weak.
MINNEAPOLIS CHAMBER OF CON-
MERGE. Sept 1.-THE speculative wheat
market opencd barely steady this morning,
weakened shortly after, losing &c by 10
O'Clock. At the decline a good demand
sprung up, causing an advance from 55hc
to 562sc for December wheat The crowd
generally were at sea to account for the
strength. for the reason that Chicago was
weak, New York fractionally lower
Duluth was barely steady, and cables from
abroad all advised of weak and lower
markets Berlin being particularly weak.
Martin & Wyman were the leaders in the
advance. and appeared to be anxious to
secure all the loose wheat offered. They
were followed by a few scalpers who were
short and a little scared. The above was
about the only feature worthy of note
trading generally being light The govern
ment report, as usual, is being interpreted
according to the predictions of the figurers
The Chicago contingent were very busy
showing al the bullish features regarding
corn. figuring the entire crop at not
more than 1100,M0,000 bushels, whereas
crop experts claim 500 100000 to 500, 900 900
more. The former estimate, however fail
ed to have any effect the market for
corn in Chicago barely steady through
out the morning session 1t is felt that
present prices have fully discounted the
worst that can happen. The report is gen
orally conceded to be bearish on wheat
and oats. The following extract from a
letter dated Copenha gen. Denmark Ausr
Is, to Schwartz & Dupee, reads as follows.
I'VE do not see how it can be possible to
maintain the present price of corn very
long. You must take into consideration
that not only wheat but also the tremen-
dously big crops of the Black Sea country
Barley feed stuff will lessen the con-
sumption of corn. Black sea barley has
entirely killed corn as feed stuff here in
Europe and while distillers are willing
to pay quite premium for American corn
they have been compelled to take Danuh:an
corn at its cheaper price, and do not feel
inclined to pay the much higher price ask
ed for American"
September wheat opened at 55lsc, being
the same as yesterdays close, advanced
to 56c and by noon sold at 55a4c
December wheat opened at 55ac, being
the same as yesterday declined to 551ac,
advanced to 56asc and dropped to SIC by
noon.
May wheat opened at 59alc, being 1-16c
under yesterday, lost sc, firmed up to 60c
and by noon sold at 5934c
The cash wheat market was active from
the start and long before noon all offerings
were cleared from the tables Offerings
We're not quite up to the demand. Mllers
and elevator companies bought freely.
Shippers held aloof. No. l hard sold at
5Ta57l4c. No. l northern at 56m561ac and
No at 54l2055c. Sales were made as per
statement below. Receipts here were 219
cars; shipments. Al cars
The market for wheat was very dull and
heaVy during the noon hour Clearances
from the seaboard were light and no new
export demand. Closing cables quoted
Liverpool 14d to 12c lower Paris 10 CEN
times lower to 80 centmes up, Berlin l
TO IA marks up and Antwerp he lower
Bradstreet shows a large increase in the
available in the northwest and the worlds
stocks an increase of 3,S6.000 bushels for
the week. September wheat closed at 557sc
December at 56Ac and May wheat at G0lsc
OLIS-RAN GE OLE PEICE